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Agenda Packet
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10 - OCTOBER
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10-14-2024
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Agenda Packet
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AGENDA
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strikes governmental restrictions or regulations, or interferences, fire or other casualty, or any other <br />reason enumerated or not, the time for commencing or completing, or both, of the construction of <br />said building, as the case may be, shall automatically be extended for the period of each such delay. <br />32. LESSEE shall maintain, during the life of AGREEMENT, general liability coverage with <br />minimum limits for damages resulting from bodily injury or death of $250,000 per person and <br />$500,000 per occurrence, and $100,000 per occurrence for property damage, or a combined single <br />limit of $500,000, or in such other amounts mutually agreed upon to fully and reasonably protect <br />both LESSEE ad LESSOR. LESSOR shall be named as an additional insured with a waiver of <br />subrogation in favor of LESSOR. All costs of such insurance shall be borne by LESSEE. Such <br />insurance policy or policies must be issued by a reputable provider licensed to write such policies in <br />the State of Texas. <br />DEFAULT & TERMINATION: <br />33. Should LESSEE default in the performance of any covenant or condition in AGREEMENT, and <br />such default is not corrected within thirty (30) days after receipt of written notice from LESSOR to <br />LESSEE, LESSOR may declare AGREEMENT, and all rights and interest created by it, to be <br />terminated. Upon LESSOR electing to terminate, AGREEMENT shall cease and come to an end as <br />if that were the day originally fixed herein for the expiration of the term hereof. LESSOR, its agent <br />or attorney, may resume possession of the premises and release LESSEE of all liability or relet the <br />same for the remainder of the term at the best rent LESSOR, its agent or attorney may obtain for the <br />account of LESSEE, who shall make good any deficiency <br />34. Any termination of this lease as herein provided shall not relieve LESSEE from the payment of <br />any sum or sums that shall then be due and payable to LESSOR hereunder, or any claim or damages <br />then or theretofore accruing against LESSEE hereunder, and any such termination shall not prevent <br />LESSOR from enforcing the payment of any such sum or sums or claim damages by any remedy <br />provided for by law or from recovering damages from LESSEE for any default thereunder. No <br />termination shall relieve LESSEE of the obligation to deliver and perform on all outstanding <br />obligations and requirements prior to the effective date of the termination. <br />35. In the event of the failure on the part of LESSEE upon termination of AGREEMENT to <br />immediately remove from the leased premises all property owned by it, LESSOR may effect such <br />removal and store such property at LESSEE's expense. <br />36. LESEE shall pay and discharge all reasonable costs, attorney's fees, and expenses that maybe <br />incurred by LESSOR in enforcing the covenants and conditions of AGREEMENT. <br />
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