Laserfiche WebLink
landlord at law or in equity, subject to Article 26, Landlord shall not be deemed to have <br /> terminated this Lease except by an express statement in writing. Acts of maintenance or <br /> preservation, efforts to relet the Demised Property, or the appointment of a receiver upon <br /> application of Landlord to protect Landlord's interest under this Lease shall not constitute an <br /> election to terminate Tenants' right to possession unless such election is expressly stated in <br /> writing by Landlord.Notwithstanding any such reletting without such termination, Landlord may <br /> at any time thereafter elect to terminate Tenants' right to possession and this Lease. If Landlord <br /> elects to relet the Demised Property for the account of Tenants, the rent received by Landlord <br /> from such reletting shall be applied as follows: first, to the payment of any and all costs of such <br /> reletting (including attorneys' fees, brokers' fees, and the cost of alterations and repairs to the <br /> Demised Property, and Tenants improvement costs); second, to the payment of any and all <br /> indebtedness other than Rent due hereunder from Tenants to Landlord; third, to the payment of <br /> any and all Rent due and unpaid hereunder; and the balance, if any, shall be held by Landlord <br /> and applied in payment of future Rent as it becomes due. If the rent received from the reletting is <br /> less than the sum of the costs of reletting, other indebtedness due by Tenants, and the Rent due <br /> by Tenants, then Tenants shall pay the deficiency to Landlord within ten (10) days after written <br /> demand by Landlord. Such deficiency shall be calculated and paid monthly. <br /> Section 15.03 Late Fee. If any payment of Base Rent or Additional Rent is not received <br /> by Landlord from Tenants when such payment is due to Landlord hereunder, such payment shall <br /> be deemed delinquent and Tenants shall pay to Landlord a late fee of fine percent (5%) of each <br /> such delinquent payment(the "Late Fee'), due and payable to Landlord simultaneously with the <br /> delinquent Base Rent or delinquent Additional Rent, as the case may be. <br /> ARTICLE 16 FORCE MAJEURE <br /> If either party is prevented or delayed from timely performance of any obligation <br /> or satisfying any condition under this Lease by any event or circumstance beyond the control of <br /> such party, exclusive of financial inability of a party, but including any of the following if <br /> beyond the control of(and not caused by) such party: strike, lockout, labor dispute, civil unrest, <br /> inability to obtain labor, materials or reasonable substitutes thereof, acts of God,present or future <br /> governmental restrictions, regulations or control, insurrection, and sabotage, then the time to <br /> perform such obligation or satisfy such condition shall be extended by the delay caused by such <br /> event or circumstance. The provisions of this Article shall in no event operate to delay the <br /> Commencement Date or to excuse Tenants from the payment of all Rent as and when due under <br /> this Lease. <br /> ARTICLE 17 NOTICES <br /> (a) Any notice, demand or other communication to be given under the <br /> provisions of this Lease by either party hereto to the other party hereto shall be effective only if <br /> in writing and (i) personally served, (ii) mailed by United States registered or certified mail, <br /> return receipt requested, postage prepaid, (iii) sent by a nationally recognized courier service <br /> (such as Federal Express) for next-day delivery, to be confirmed in writing by such courier, or <br /> (iv) sent by facsimile or electronic mail (with answer back acknowledged), addressed as follows: <br />