Navy Deed. Tenant understands that the Navy has transferred all of the Premises to Landlord pursuant to the Navy Deed and that this Lease will be subject to the certain disclosures and retained certain rights in and to the Premises, as set forth in the Navy Deed. Pursuant to the Navy Deed, the Navy has the obligation and right to perform remedial actions that may be necessary to protect human health and the environment with respect to any hazardous substance in or around the Premises in accordance with the Comprehensive Environmental Response, Compensation and Liability Act (“CERCLA”), 42 U.S.C. Section 9620(h)(3)(A)(ii)(I), and has the right to take some or all of the Premises as may be needed in connection therewith. This Lease is subject and subordinate to the Navy’s rights under the Navy Deed and the EDC MOA, and Tenant acknowledges that Landlord shall have the right to suspend or terminate this Lease, without payment to Tenant, if Navy requires use of the Premises as set forth in the Navy Deed, provided, however, that during any such time that the Lease is suspended as to any material portion of the Premises, Tenant shall not be obligated to pay the Base Rent for such portion (as determined on a square foot basis) to the extent of the interference. Furthermore, nothing in this Lease shall extinguish or terminate any ongoing Navy obligations as set forth in the Navy Deed or pursuant to its obligations under CERCLA or any other applicable law or regulation.
Navy Deed. That certain Corrective Quitclaim Deed, recorded on July 27, 2004, at Book 11953, Page 1250, in the Official Records of Duval County, Florida.
Navy Deed. Tenant understands that the Navy made certain disclosures and retained certain rights in and to the Premises, as set forth in the Navy Deed. The Navy has the right to perform any remedial actions that may be necessary to protect human health and the environment with respect to any hazardous substance in or around the Premises in accordance with the Comprehensive Environmental Response, Compensation and Liability Act (“CERCLA”), 42 U.S.C. Section 9620(h)(3)(A)(ii)(I), and has the right to take some or all of the Premises as may be needed in connection therewith. This Lease is subject and subordinate to the Navy’s rights under the Navy Deed, and Tenant acknowledges that Landlord shall have the right to suspend or terminate this Lease, without payment to Tenant, if Navy requires use of the Premises as set forth in the Navy Deed.
