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Coffee Time LLC dba Tabby's Coffee Company 2/14/2024
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Coffee Time LLC dba Tabby's Coffee Company 2/14/2024
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Last modified
2/16/2024 8:25:47 AM
Creation date
2/16/2024 8:25:12 AM
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Contracts
Contractor's Name
Coffee Time LLC dba Tabby's Coffee Company
Approval Date
2/14/2024
End Date
12/31/2024
Department
Real Property
Department Project Manager
Darcie Byrd
Subject / Project Title
Lease Agreement at Library Cafe
Tracking Number
0004186
Total Compensation
$8,800.00
Contract Type
Real Property
Contract Subtype
Leases
Retention Period
6 Years Then Destroy
Imported from EPIC
No
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and the Base Rent shall be equitably reduced based on the proportion by which the floor area <br /> of the Leased Premises is reduced, such reduction in Base Rent to be effective as of the date <br /> the physical taking occurs. Landlord reserves all rights to damages or awards for any taking by <br /> eminent domain relating to the Leased Premises, the Building and the real property upon which <br /> the Building is situated, and the unexpired term of this Lease. Tenant assigns to Landlord any <br /> right Tenant may have to such damages or award and Tenant shall make no claim against <br /> Landlord for damages for termination of its leasehold interest or interference with Tenant's <br /> business. Tenant shall have the right, however, to claim and recover from the condemning <br /> authority compensation for any loss to which Tenant may be entitled for Tenant's moving <br /> expenses or other relocation costs if they are awarded separately to Tenant in the eminent <br /> domain proceedings and do not reduce the damages or award to Landlord. <br /> 19. EVENTS OF DEFAULT. Each of the following occurrences is an "Event of <br /> Default": <br /> (a) Payment Default. Tenant's failure to pay rent or any other amount due <br /> under this Lease within five (5) days after Landlord has delivered written notice to Tenant that <br /> such amount is due; however, an Event of Default shall occur without any obligation of <br /> Landlord to give any written notice if Tenant fails to pay rent when due and, during the twelve <br /> (12) month interval preceding such failure, Landlord has given Tenant written notice of failure <br /> to pay rent on one (1) or more occasions; <br /> (b) Abandonment. Tenant abandons or vacates the Leased Premises or any <br /> substantial portion of the Leased Premises combined with the non-payment of rent; <br /> (c) Other Defaults. Except as otherwise provided in this Section 19 or <br /> elsewhere in this Lease, Tenant's failure to perform, comply with, or observe any other <br /> agreement or obligation of Tenant under this Lease and the continuance of such failure for a <br /> period of more than thirty (30) days after Landlord has delivered to Tenant written notice <br /> thereof or such shorter or longer period expressly provided elsewhere in this Lease (provided, if <br /> the nature of Tenant's failure is such that more time is reasonably required in order to cure, an <br /> Event of Default shall not be deemed to have occurred and such failure may be cured if Tenant <br /> commences to cure such failure within such period and thereafter reasonably and diligently <br /> pursues the cure to completion, such period in no event to exceed ninety (90) days from the <br /> date of Landlord's original default notice); <br /> (d) Insolvency. The filing of a petition by or against Tenant (the term <br /> "Tenant" shall include, for the purpose of this Section, any guarantor of Tenant's obligations <br /> hereunder) (i) in any bankruptcy or other insolvency proceeding; (ii) seeking any relief under <br /> any state or federal debtor relief law; (iii) for the appointment of a liquidator or receiver for all <br /> or substantially all of Tenant's property or for Tenant's interest in this Lease; (iv) for the <br /> reorganization or modification of Tenant's capital structure; or (v) in any assignment for the <br /> benefit of creditors proceeding; however, if such a petition is filed against Tenant, then such <br /> 12 <br />
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