OR INTEREST, SHALL FURNISH TO LANDLORD
REASONABLY SATISFACTORY EVIDENCE OF PAYMENT THEREOF AND, IF REQUIRED UNDER ANY
MORTGAGE, TO THE HOLDER OF SUCH MORTGAGE.
ARTICLE 6
COMPLIANCE WITH LAWS
SECTION 6.1.
TENANT, AT TENANT'S EXPENSE, SHALL DULY COMPLY IN ALL MATERIAL
RESPECTS WITH ALL LAWS AND ORDINANCES AND THE ORDERS, RULES, REGULATIONS AND
REQUIREMENTS OF FEDERAL, STATE AND MUNICIPAL GOVERNMENTS AND DEPARTMENTS
THEREOF, AND THE ORDERS, RULES, REGULATIONS AND REQUIREMENTS OF THE APPLICABLE
BOARD OF FIRE UNDERWRITERS, IF ANY, OR OF ANY OTHER BOARD NOW OR HEREAFTER
CONSTITUTED EXERCISING SIMILAR FUNCTIONS, AS THE CASE MAY BE, AND THE
REQUIREMENTS OF THE INSURANCE CARRIERS ISSUING ANY POLICY REQUIRED TO BE CARRIED
BY TENANT UNDER THIS LEASE, NOW OR HEREAFTER APPLICABLE TO THE LEASED PREMISES
INCLUDING WITHOUT LIMITATION, ANY MATTER PERTAINING TO THE ENVIRONMENTAL
CONDITION OF THE LEASED PREMISES AND OTHER PROPERTY WHICH MAY BE AFFECTED
THEREBY, AND TO ANY CHANGE, ALTERATION AND IMPROVEMENT THEREAT, AND WHETHER OR
NOT SUCH COMPLIANCE SHALL REQUIRE STRUCTURAL REPAIRS, ADDITIONS, CHANGES OR
ALTERATIONS.
HOWEVER, TENANT SHALL INDEMNIFY AND HOLD LANDLORD HARMLESS FROM
AND AGAINST ANY LOSS, COST, EXPENSE, LIABILITY OR OBLIGATION BY REASON OF ANY
FAILURE BY TENANT TO SO COMPLY WHETHER OR NOT MATERIAL.
7
ARTICLE 7
ASSIGNMENT AND SUBLETTING
SECTION 7.1.
TENANT, BY OPERATION OF LAW OR OTHERWISE, (WHETHER VOLUNTARILY OR
INVOLUNTARILY) SHALL NOT ASSIGN, MORTGAGE OR ENCUMBER THIS LEASE OR SUBLET THE
LEASED PREMISES OR ANY PART THEREOF WITHOUT LANDLORD'S PRIOR WRITTEN CONSENT.
SECTION 7.2.
(A) IN THE EVENT TENANT DESIRES LANDLORD'S CONSENT TO AN
ASSIGNMENT OR SUBLETTING OF ALL OR ANY PART OF THE LEASED PREMISES, TENANT BY
NOTICE IN WRITING SHALL (I) NOTIFY LANDLORD OF THE NAME OF THE PROPOSED ASSIGNEE
OR SUBTENANT AND FURNISH TO THE LANDLORD SUCH INFORMATION AS TO THE PROPOSED
ASSIGNEE'S OR SUBTENANT'S FINANCIAL RESPONSIBILITY AND STANDING AS LANDLORD MAY
REQUIRE, (II) DELIVER TO LANDLORD AN EXECUTED COPY OF THE PROPOSED ASSIGNMENT OR
SUBLEASE, AS LANDLORD MAY REQUIRE, AND (III) OFFER TO VACATE THE LEASED PREMISES
AND TO SURRENDER THE SAME TO LANDLORD AS OF THE DATE (THE "SURRENDER DATE")
SPECIFIED IN SAID OFFER WHICH SHALL BE THE LAST DAY OF ANY CALENDAR MONTH DURING
THE TERM HEREOF, PROVIDED, HOWEVER, THAT THE SURRENDER DATE SHALL NOT BE EARLIER
THAN THE DATE OCCURRING 120 DAYS AFTER THE RECEIPT OF SUCH NOTICE FROM TENANT.
IF LANDLORD ACCEPTS SUCH OFFER, THEN TENANT SHALL SURRENDER TO LANDLORD,
EFFECTIVE AS OF THE SURRENDER DATE (BUT NOT EARLIER THAN 120 DAYS FROM THE DATE
LANDLORD ACCEPTS SUCH OFFER), ALL TENANT'S RIGHT, TITLE AND INTEREST IN AND TO
THE ENTIRE LEASED PREMISES.
IF THE ENTIRE LEASED PREMISES BE SO SURRENDERED BY
TENANT, THEN (X) IF THE OFFER WHICH GAVE RISE TO SUCH SURRENDER WAS GIVEN PRIOR
TO THE SECOND ANNIVERSARY OF THE COMMENCEMENT DATE THE UNAPPLIED PORTION OF THE
SECURITY DEPOSIT SET FORTH IN ARTICLE 30 SHALL BE RETURNED TO TENANT, AND (Y)
THIS LEASE SHALL BE CANCELED AND TERMINATED AS OF THE SURRENDER DATE WITH THE
SAME FORCE AND EFFECT AS IF