Item 2F: Kaufman Center Lease - Laserfiche WebLink

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20.1 Default in Rent. Failure by Lessee to cure a delinquency in the payment of rent within thirty (30) days of the date of written notice from City that the rent is delinquent; 20.2 Improper Use. Immediately, upon use of the Premises for a purpose other than that specified in Subsection 1.2; 20.3 Default in Insurance. Immediately upon failure of Lessee to prevent the expiration, lapse or cancellation of any insurance required by this agreement; 20.4 Default in Other Covenants. Failure of either party to comply with any other terms or conditions or fulfill any other obligation of this lease within 30 days after written notice by the other party specifying the nature of the default with reasonable particularity; or 20.5 Insolvency. Assignment by Lessee for the benefit of creditors, the filing by Lessee of a voluntary petition in bankruptcy, and adjudication that Lessee is bankrupt, or the appointment of a receiver of the property of Lessee, the filing of an involuntary petition of bankruptcy and failure of Lessee to secure dismissal of the petition within 60 days after filing, attachment or levying of execution on the leasehold interest and failure of Lessee to secure discharge of the attachment or release of the levy of execution within 30 days. 20.6 Recurring Default. If Lessee cures a default in the manner described in subsection 20.4 above, in the event of Lessee's subsequent failure to comply with the same obligation within any 12 consecutive months or Lessee's violation of the same provision within any 12 consecutive months, no notice of the obligation or violation will need to be given prior to declaring an Event of Default. 21. Waiver of Default. Any waiver by City of strict compliance within the terms of this lease shall not be a waiver of any subsequent violation or default. 22. Remedies on Default if a Default Occurs. 22.1 Termination. Upon the occurrence of an Event of Default, this lease may be terminated at the option of City with five (5) days' prior written notice from City, provided that this lease shall terminate automatically upon the cancellation or lapse of any insurance required to be maintained by Lessee. 22.2 Damages without Termination. If this lease is not terminated by election of City or otherwise, City shall be entitled to recover damages from Lessee for the default. 23. Termination by City. In addition to termination upon an Event of Default or following the destruction of the Premises, this lease may be terminated by City on April 1 of any year, to be effective June 30 of the same year, upon a determination by the City manager that sufficient funding is not available for the continued maintenance and support of the Premises. The Lessee's interest in the Premises will cease unless Lessee is able to assume responsibility for maintenance. A termination of this Agreement for any reason shall not prejudice any other remedy for breach of contract, damages, non-payment or otherwise which City has under this Agreement or under law. 24 Annual Option to Renew. On or before April 1 of each year, EECA will inform the City in writing of its intention to continue to lease the premises for the following fiscal year under the terms and conditions described herein, or will inform the city of its intention to terminate the lease. EECA may opt out of the lease 2006-03803 Kaufman Senior Center Lease Page 9