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2001_Resolutions
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2001_Resolutions
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21. INDEMNIFICATION: <br />• A. To the extent permitted by law, Lessee agrees to pay and to protect, <br />indemnify, defend and hold harmless Lessor from and against all liability, damages, costs and <br />expenses (including reasonable attorneys' fees) from causes of action, suits, claims, demands and <br />judgments of any nature whatsoever arising out of or any way connected with (i) the negligence <br />of Lessee, its agents, servants, employees, invitees or independent contractors; or (ii) the failure <br />of Lessee, its agents, servants, employees, invitees or independent contractors to keep its <br />covenants and agreements. This indemnification is not intended to limit the generality of any <br />other indemnification contained in this Lease or to provide for an election of remedies by Lessor <br />on account of any default of Lessee as a result of the failure of Lessee to maintain its covenants, <br />and Lessor's remedies under this Lease for such failure shall be cumulative <br />B. Lessor agrees to pay and to protect, indemnify, defend and hold harmless <br />Lessee from and against all liability, damages, costs and expenses (including reasonable <br />attorneys' fees) from causes of action, suits, claims, demands and judgments of any nature <br />whatsoever arising out of or any way connected with (i) the negligence of Lessor, its agents, <br />servants, employees, invitees or independent contractors; or (ii) the failure of Lessor, its agents, <br />servants, employees, invitees or independent contractors to keep its covenants and agreements. <br />This indemnification is not intended to limit the generality of any other indemnification <br />contained in this Lease or to provide for an election of remedies by Lessee on account of any <br />default of Lessor as a result of the failure of Lessor to maintain its covenants, and Lessee's <br />remedies under this Lease for such failure shall be cumulative. <br />• 22. DEFAULT AND REMEDIES. <br />A. Any of the following events shall constitute a default under this Lease by <br />Lessee: <br />(i) Failure by Lessee to make any payment of Rent, Additional Rent, <br />or other payment required by this Lease within ten (10) days after the same is due; <br />(ii) Vacation or abandonment of the Premises by Lessee for a period of <br />more than ten (10) consecutive business days; <br />(iii) Any conveyance, assignment, mortgage of subletting of this Lease <br />or of the Premises or any part thereof without the prior written consent of Lessor if prior written <br />consent is required; <br />(iv) The making by Lessee of any general assignment or general <br />arrangement for the benefit of creditors; the filing by or against Lessee of a petition to have <br />Lessee adjudged a bankrupt or a petition for reorganization or arrangement under any law <br />relating to bankruptcy (unless, in the case of a petition filed against Lessee, the same is dismissed <br />within ninety (90) days); the appointment of a trustee or receiver to take possession of <br />substantially all of Lessee's assets located at the Premises or of Lessee's interest in this Lease, if <br />
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