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Reso 2013-2162
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Reso 2013-2162
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Last modified
12/11/2013 3:49:53 PM
Creation date
11/26/2013 2:48:32 PM
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CityClerk-Resolutions
Resolution Type
Resolution
Resolution Number
2013-2162
Date (mm/dd/yyyy)
11/21/2013
Description
Ratify Sublease Agmt AFTC & Beach Bar @ Newport Pier, Mgmt of Restaurant
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all rights, interests, and title of any lender, mortgagee, fee title holder, or ground lessor secured <br />thereby. The foregoing provisions shall be self- operative and no further instrument of <br />subordination shall be required to give effect to the same. Within five days' after written request <br />therefor from Sublessor, Subtenant shall execute and deliver to Sublessor or to such other party as <br />Sublessor may direct, a subordination agreement confirming such subordination and containing <br />such other provisions as are generally consistent with the requirements of institutional lenders or <br />as otherwise required by Sublessor or Landlord. <br />28. Brokers. Landlord, Sublessor and Subtenant each represents that it has not dealt with any <br />brokers in connection with this Sublease. Each party agrees with the other to indemnify and hold <br />the other harmless from and against any and all loss, liability, damage, cost, and expense <br />(including court costs and reasonable attorneys' fees) which the other may incur or sustain in <br />connection with any claim or action arising out of any fact or occurrence that would constitute a <br />breach by such indemnifying party of any representation, warranty or agreement contained in this <br />Section 28. <br />29. Subtenant's Representations. Subtenant represents and warrants as follows: (i) Subtenant <br />is duly organized, validly existing, and in good standing under the laws of the State in which it <br />was formed and is duly qualified to transact business in the State in which the Sublease Premises <br />are located; (ii) Subtenant has full power to execute, deliver, and perform its obligations under this <br />Sublease; (iii) The execution and delivery of this Sublease, and the performance by Subtenant of its <br />obligations under this Sublease, have been duly authorized by all necessary action of Subtenant, <br />and do not contravene or conflict with any provisions of Subtenant's Articles of Incorporation or <br />Bylaws, or any other agreement binding on Subtenant; (iv) the individual executing this Sublease <br />on behalf of Subtenant has full authority to do so; (v) Subtenant's financial statements and the <br />information describing Subtenants' business and background previously furnished to Sublessor <br />were at the time given true and correct in all material respects and there have been no adverse <br />material changes to the information subsequent to the date given. On or prior to the <br />Commencement Date, Subtenant shall deliver to Sublessor and Landlord evidence that Subtenant <br />is duly qualified to transact business in the State in which the Sublease Premises are located. <br />30. Impossibility of Performance. For purposes of this Sublease, the term "Unavoidable <br />Delay" shall mean any delays due to strikes, lockouts, civil commotion, warlike operations, <br />invasion, rebellion, hostilities, military or usurped power, sabotage, government regulations or <br />controls, inability to obtain any material, utility, or service because of governmental restrictions, <br />hurricanes, floods, or other natural disasters, acts of God, or any other cause beyond the direct <br />control of the party delayed (not including the insolvency or financial condition of that party or the <br />increased cost of obtaining labor and materials). Notwithstanding anything in this Sublease to the <br />contrary, if Subtenant or Sublessor shall be delayed in the performance of any act required under <br />this Sublease by reason of any Unavoidable Delay, then provided notice of the Unavoidable Delay <br />is given to the other party within ten (10) days after its occurrence, performance of the act shall be <br />excused for the period of the delay and the period for the performance of the act shall be extended <br />for a reasonable period, in no event to exceed a period equivalent to the period of the delay; <br />provided that, if the Prime Lease does not excuse Sublessor from the performance of any <br />17 <br />
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