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Reso 2013-2139
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Reso 2013-2139
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Last modified
12/12/2013 11:16:53 AM
Creation date
12/12/2013 11:16:45 AM
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CityClerk-Resolutions
Resolution Type
Resolution
Resolution Number
2013-2139
Date (mm/dd/yyyy)
10/17/2013
Description
SubLease Agmt w/American Federated Title Corp. & SIB Quarterdeck.
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Prime Lease is hereby incorporated in and made part of this Sublease with the same force and <br /> effect as though set forth at length in this Sublease, except that(a) the terms "Landlord", "Tenant", <br /> "Lease" and "Premises" as used in the Prime Lease are replaced by, respectively, the terms <br /> "Sublessor", "Subtenant", "Sublease" and "Sublease Premises", (b) the amounts of Base Rent set <br /> forth in the Prime Lease are not incorporated in and do not apply to this Sublease, and (c) such <br /> Prime Lease terms as by their nature do not relate to the Sublease Premises or are inapplicable or <br /> inappropriate to the subleasing of the Sublease Premises under this Sublease or are inconsistent <br /> with any of the provisions of this Sublease are also not incorporated in and do not apply to this <br /> Sublease. Notwithstanding anything contained in this Sublease, this Sublease shall in all events be <br /> subject and subordinate to all of the terms and conditions of the Prime Lease. Whenever, under a <br /> provision of the Prime Lease incorporated in this Sublease, Sublessor as Tenant is required to take <br /> some action by a date certain or within a certain time period, Subtenant shall take such action not <br /> less than five days prior to the deadline which would be applicable to Sublessor's performance of <br /> such action. <br /> 7.2 Approvals and Consents. Whenever a provision of the Prime Lease incorporated in <br /> this Sublease requires or refers to Landlord's consent or approval, such provision as incorporated <br /> in this Sublease shall be deemed to require or refer to both Landlord's and Sublessor's consent or <br /> approval. In such a case, Subtenant shall submit its request for consent or approval to Sublessor. <br /> Sublessor shall forward the request to Landlord for its consent or approval unless Sublessor has <br /> then decided to deny its consent or approval to Subtenant's request. Sublessor's consent may be <br /> withheld in Sublessor's sole and absolute discretion as to any consent or approval refused by <br /> Landlord. Where Landlord's consent may not be not unreasonably withheld under certain <br /> provisions of the Prime Lease, Sublessor's consent under corresponding provisions of the Sublease <br /> will not be unreasonably withheld, except in the event that Landlord denies its consent thereto. <br /> 7.3 Protection of Prime Lease. Subtenant shall not do or cause to be done or suffer or <br /> permit to be done any act or thing which would or might constitute a default under the Prime <br /> Lease or cause the Prime Lease or the rights of Sublessor as tenant under the Prime Lease to be <br /> terminated, which would or might cause Sublessor to become liable for any damages, costs,claims, <br /> or penalties, which would or might increase the basic monthly rent or other obligations of <br /> Sublessor as tenant under the Prime Lease, or which would or might adversely affect or reduce any <br /> of Sublessor's rights or benefits under the Prime Lease. Subtenant represents to Sublessor that <br /> Subtenant has read and is familiar with the terms of the Prime Lease. <br /> 7.4 Limitation on Sublessor's Obligation. Notwithstanding anything contained in this <br /> Sublease (including any provisions of the Prime Lease which are incorporated by reference into <br /> this Sublease), Subtenant acknowledges and agrees that Sublessor shall have no obligation, <br /> liability, or responsibility whatsoever to Subtenant to (i) provide or perform any work, supply or <br /> cause to be supplied, any service, utility, repair, alteration, maintenance, or restoration in or <br /> relating to the Sublease Premises or the Project, (ii) comply with any laws or requirements of <br /> public authorities which relate to the Sublease Premises or the Project, (iii) repair or restore the <br /> Sublease Premises or the Project in the event of condemnation or damage or destruction by fire or <br /> other casualty, or (iv) as to any warranty or representation of Landlord under the Prime Lease. <br /> 6 <br />
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