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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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filing shall not be an Event of Default unless Tenant fails to have the proceedings initiated by <br /> such petition dismissed within ninety (90) days after its filing. <br /> (e) Failure to Surrender. Tenant fails to surrender possession of the Leased <br /> Premises at the expiration or earlier termination of his Lease in the condition required by this <br /> Lease. <br /> (f) Multiple Events of Default. Notwithstanding any cure periods specified in <br /> this Section 19, after the occurrence during the Term of any two events which after the giving <br /> of notice or the lapse of time would become an Event of Default, Tenant shall neither be <br /> entitled to notice nor an opportunity to cure and Landlord, at its option, may immediately <br /> declare an Event of Default. <br /> 20. REMEDIES. Upon any Event of Default, Landlord may, in addition to all other <br /> rights and remedies afforded Landlord under this Lease or by law or equity, take any one or <br /> more of the following actions: <br /> (a) Termination of Lease. Terminate this Lease by giving Tenant written <br /> notice, in which event Tenant shall pay to Landlord the sum of (i) all rent accrued under this <br /> Lease through the date of termination, (ii) all other amounts due hereunder, plus interest at the <br /> Default Rate, and (iii) an amount equal to the total rent that Tenant would have been required <br /> to pay for the remainder of the Term discounted to present value based on the then U.S. <br /> Treasury yield rate for ten-year notes; or <br /> (b) Termination of Possession. Terminate Tenant's right to possess the <br /> Leased Premises without terminating this Lease by giving written notice thereof to Tenant, in <br /> which event Tenant shall pay to Landlord (i) all rent and other amounts accrued under this <br /> Lease to the date of termination of possession, (ii) all amounts due from time to time, and <br /> (iii) all rent and other net sums required under this Lease to be paid by Tenant during the <br /> remainder of the Term, diminished by any net sums thereafter received by Landlord through <br /> reletting the Leased Premises during such period, after deducting all reasonable costs incurred <br /> by Landlord in reletting the Leased Premises. If Landlord elects to proceed under this <br /> subsection, Landlord may remove all of Tenant's property from the Leased Premises and store <br /> the same in a public warehouse at a reasonable cost to, and for the account of, Tenant, without <br /> becoming guilty of trespass, or liable for any reasonable loss or damage that may be occasioned <br /> thereby. Landlord shall use commercially reasonable efforts to relet the Leased Premises on <br /> such terms as Landlord in its sole discretion may determine (including a lease term different <br /> from the Term, rental concessions, use of brokers and alterations to, and improvement of, the <br /> Leased Premises); however, Landlord is not obligated to relet the Leased Premises before <br /> leasing other portions of the Building or property and Landlord is not obligated to accept any <br /> prospective tenant proposed by Tenant unless such proposed tenant meets all of Landlord's <br /> reasonable, then existing leasing criteria. Landlord shall not be liable for, nor shall Tenant's <br /> obligations under this Lease be diminished because of, Landlord's failure to relet the Leased <br /> Premises or to collect rent due for such reletting. Tenant is not entitled to the excess of any <br /> 13 <br />
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