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09-D RRVFA & Paris Horse & Rodeo Sublease
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09-D RRVFA & Paris Horse & Rodeo Sublease
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Last modified
3/24/2006 11:52:47 AM
Creation date
3/23/2006 11:25:13 AM
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Template:
AGENDA
Item Number
09-D
AGENDA - Type
RESOLUTION
Description
Approval of Sublease between Red River Valley Fair Assoc. & Paris Horse & Rodeo
AGENDA - Date
3/27/2006
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<br />Removal Restriction <br /> <br />#9.03. However, the provisions of # 9.02. do not apply to <br />any trade fixtures or other items placed upon the premises under # <br />2.01., above. <br /> <br />ARTICLE 10. SUBLEASE <br /> <br />Subletting by Sublessee <br /> <br />#10.01. Sublessee shall not assign this sublease or any <br />interest under it, sublet the whole or any part of the subleased <br />premises, or permit the use or occupancy of the subleased premises <br />by any person, partnership, association, corporation or other legal <br />entity other than Sublessee and the Sublessee's agents and <br />employees without the prior written consent of the Sublessor in <br />each instance in which the subletting or use or occupancy by <br />Sublessee extends for a period of thirty (30) days or more. A <br />subletting or use or occupancy that is less than 30 days, but of a <br />continuing nature exceeding thirty (30) shall require the written <br />consent of Sublessor. Sublessor's consent to a single assignment, <br />sublease, use, or occupancy does not constitute consent to any <br />subsequent attempted assignment or sublease, or use or occupancy by <br />another person, partnership, association, corporation or other <br />legal entity. <br /> <br />ARTICLE 11. DEFAULT AND REMEDIES <br /> <br />Termination on Default <br /> <br />#11.01. Should Sublessee default in the performance of any <br />covenant, condition, or agreement in this sublease, and not correct <br />the default within fifteen (15) days after receipt of written <br />notice from Sublessor to Sublessee, Sublessor may declare this <br />lease, and all rights and interest created by it, to be terminated. <br />Upon Sublessor's electing to terminate, this sublease shall cease <br />and come to an end as if the day of Sublessor's election were the <br />day originally fixed in the sublease for its expiration. <br /> <br />Waiver of Breach <br />#11. 02. The waiver of Sublessor of any breach of term, <br />covenant, or condition of this Sublease shall not be deemed to be <br />a waiver of any other breach of that term, covenant, or condition <br />of any other term, covenant, or condition of this Sublease <br />regardless of when the breach has occurred. <br /> <br />12 <br />
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