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any consideration by reason of such taking except cancellation and termi-
nation of this lease as of the date of said taking and except that LESSEES
shall also receive the value of improvements installed on the premises by
LESSEES and paid for by LESSEES without any credit against rent which
cannot be removed by LESSEES.
In the event of any taking by condemnation or eminent
domain proceedings of any portion of the leased premises, LESSORS shall
each be entitled to receive and retain the entire award and compensation
for the taking; the annual rental shall be ratably reduced according to
the area of the leased premises which is taken; and the LESSEES shall be
entitled to no other consideration by reason of such taking. Any damages
suffered by LESSEES on account of the taking of any portion of the
demised premises and any damage to any structures erected on the leased
premises that shall be awarded to LESSEES in any such proceedings shall
be paid to and received by LESSORS; however, such award received by
LESSORS shall be used to rebuild the premises to allow LESSEES' use of
the premises to continue with a minimum of interruption.
14. DEFAULT: Each of the following shall be deemed a default
by LESSEES and a breach of this lease: (a) non-payment of any rent
~ installment on the due date thereof or any other payment required to be
i
made by LESSEES hereunder; (b) the filing of a petition by or against
LESSEES for adjudication under the Bankruptcy Act, as now or thereafter
amended or supplemented, for adjudication as a bankrupt; (c) the appoint-
I
ment of a receiver or a trustee for the property of LESSEES; (d) the mak-
ing by LESSEES of any assignment for the benefit of creditors; or (e)
failure to perform any other covenant or condition of this lease.
If rent default is not corrected within ten (10) days of
written notice, or if any default other than for non-payment of rent or
any other payment required hereunder is not corrected or corrective
r
action started within fifteen (15) days after notice from LESSORS, then
LESSORS, at their option, may terminate this lease.
15. ATTORNEY FEES ANO COSTS: In connection with any
litigation arising out of this lease, the prevailing party shall be entitled
to recover all costs incurred, including reasonable attorney's fees.
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