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SERCO, INC. (3)
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SERCO, INC. (3)
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Last modified
7/3/2019 3:31:59 PM
Creation date
7/3/2019 3:27:16 PM
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Contracts
Company Name
SERCO, INC.
Contract #
N-2019-118
Agency
Public Works
Expiration Date
6/30/2020
Insurance Exp Date
1/1/1900
Destruction Year
2025
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by Landlord any rent monies transferred from Tenant to Landlord during this sixty (60) <br />day period within fourteen (14) days after the termination of the lease. <br />19. EMINENT DOMAIN: (a) If (i) all or part of the Premises, the building located <br />thereon, or (ii) so much of any rights in the Premises or the building located thereon shall be <br />taken or appropriated under any right of eminent domain or under any other legal right whereby <br />the taking authority is obligated to compensate Landlord therefor so that there does not remain <br />premises suitable in the sole opinion of Tenant for the operation of its business, then Tenant may <br />terminate and cancel this Lease without owing any liability to Landlord as of the date on which <br />the condemning authority takes physical possession upon giving to Landlord written notice of <br />such election. Landlord agrees immediately within ten (10) days after any notice of intended or <br />actual taking or appropriation to give Tenant written notice thereof, providing to Tenant full <br />details of such taking or appropriation, including, without limitation copies of all condemnation <br />plans or surveys submitted by the condemning authority, a statement of the nature of the project <br />to be conducted by the condemning authority, and such other information as might be necessary <br />to enable Tenant to determine its future course of conduct. TENANT ACKNOWLEDGES <br />THAT LANDLORD'S EXERCISE OF ITS RIGHT TO TERMINATE THIS LEASE <br />UNDER ANY OF THE PROVISIONS OF THIS LEASE SHALL NOT ENTITLE <br />TENANT TO ANY RIGHTS OR CLAIMS FOR RELOCATION BENEFITS OR ANY <br />OTHER CLAIMS RELATED TO CONDEMNATION OR INVERSE CONDEMNATION. <br />(b) If this Lease shall be terminated and canceled as a result of any taking or <br />appropriation, Tenant shall be released from any further liability and Rent and other sums for the <br />last month of Tenant's occupancy shall be prorated and Landlord shall immediately refund to <br />Tenant any sums paid in advance. -- <br />(c) Tenant reserves unto itself the right to prosecute Tenant's claim for an <br />award for damages for the termination of this Lease caused by such appropriation or taking, <br />together with damages based on the value of Tenant's improvements and Tenant's fixtures and <br />other personal property erected or installed on the Premises and damages Tenant may sustain to <br />the interest in the business operated by Tenant on the Premises, including, but not limited to, <br />goodwill, patronage, and the removal, relocation, and replacement costs and expenses caused by <br />such appropriation or taking, and Tenant may file such claims as are permitted by law for the <br />loss of its leasehold interest, business dislocation damages, moving expense, or other damages <br />caused by such taking or appropriation. Tenant's right to receive compensation or damages for <br />its fixtures or its personal property shall not be affected in any manner by this Lease. <br />20. LIENS: Tenant shall promptly remove and discharge, at its cost and expense, all <br />mechanic's liens, or other liens, for labor performed or materials furnished with respect to the <br />Premises by or for Tenant. <br />21. PARKING AREA: A designated parking space has been designated as part of this <br />lease agreement identified in Exhibit A. <br />
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