My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
R2007-32 AUTHORIZING EXECUTION OF LEASE
COD
>
City Clerk
>
RESOLUTIONS
>
2007
>
R2007-32 AUTHORIZING EXECUTION OF LEASE
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
11/2/2015 10:10:36 AM
Creation date
11/2/2015 10:10:35 AM
Metadata
Fields
Template:
Resolution/Ordinance
Res Ord Num
R2007-32
Res Ord Title
AUTHORIZING EXECUTION OF LEASE ABG ILLINOIS, LLC - ARCHWAY BROADCASTING
Approved Date
3/5/2007
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
9
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
of Archway and subsequent owners of any or all of the radio stations I <br /> managed from Archway's facility at 250 North Water Street prior to a sale <br /> or other transfer of such radio stations to such subsequent owners <br /> ("Permitted Assignees"). It is expressly understood that in no event shall ' <br /> the parking spaces leased hereby be assigned to or controlled by any <br /> person, firm or corporation that does not hold a valid lease for all or a <br /> portion of the building located at 250 North Water Street, Decatur, Illinois, I <br /> and any such assignment shall cause this Lease to be null and void. I <br /> 17. Amendment. No amendment of this Lease shall be valid unless made in I', <br /> writing and signed by Archway and an authorized agent of the City. 'i <br /> 18. Severabilitv. If any section, terms or provisions of this Lease or the I <br /> application thereof shall be held to be invalid or unenforceable, the <br /> remainder of each section, subsection, term or provision of this Lease or I <br /> the application of the Lease to the parties, shall not be affected thereby. I <br /> 19. Termination. Notwithstanding the above, if either party hereto fails to <br /> comply with the provisions of this Lease, this Lease may be terminated if <br /> such failure is not corrected within sixty (60) days after delivery of a <br /> written notice to the other party specifying the non-compliance. <br /> 20. Eminent Domain. If the Premises or any portion thereof or any estate <br /> therein, or any part of the improvements located on the Premises <br /> materially affecting Archway's use of the Premises, shall be taken by <br /> eminent domain, this Lease shall terminate on the date when title vests <br /> pursuant to such taking. The rent, and any additional rent, shall be <br /> apportioned as of the termination date, and any rent paid for any period <br /> beyond that date shall be repaid to Archway. <br /> 21. Destruction of Premises. A total destruction of the improvements <br /> located on the Premises shall terminate this Lease and all rent and other <br /> sums payable by Archway hereunder shall be accounted for as of the date <br /> of such total destruction. <br /> 22. Disturbance of Use. In the event that access or quiet enjoyment to the <br /> Premises is compromised for ten (10) sequential days or for a total of <br /> twenty(20) non-sequential days during any twelve (12) month period such <br /> that Archway cannot reasonably use the Premise, then Archway may elect <br /> to terminate this Lease. <br /> [Signatures Appear on Following Page] <br /> AT1 32371889.9/37574-000001 <br /> 6 <br />
The URL can be used to link to this page
Your browser does not support the video tag.