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Reso 2015-2370
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Reso 2015-2370
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Last modified
3/26/2015 9:45:28 AM
Creation date
3/4/2015 4:20:11 PM
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CityClerk-Resolutions
Resolution Type
Resolution
Resolution Number
2015-2370
Date (mm/dd/yyyy)
01/15/2015
Description
Gateway Park Restaurant Lease Agmt w/Fly Me to the Moon, LLC
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is once given by Lessor to a Transfer, Lessor shall not be barred or in any way limited from <br /> subsequently refusing to consent to any further or subsequent Transfer. <br /> 16. Access. to Premises. Lessee shall allow Lessor, their agents, contractors, or employees <br /> access to the Leased Premises throughout the Term at all reasonable times with reasonable prior <br /> notice for the purpose of inspecting or of making any repairs, additions, improvements, or <br /> alterations to the Leased Premises or any property owned by or under the control of either party, <br /> or to exhibit the Leased Premises to prospective lessees or assignees of the Leased Premises <br /> during the last 12 months of the Term. <br /> 17, Default and Remedies. <br /> � t <br /> 17.1 Default. The occurrence of any one or more of the following events shall <br /> constitute a default by Lessee under this Lease: <br /> (i) Unless previously consented in writing by Lessor, the failure of <br /> Lessee to operate the Leased Premises with the Permitted Use for more than 30 <br /> consecutive days, other than failure to operate caused, in the reasonable opinion <br /> of Lessor, by a casualty to the Leased Premises. <br /> (ii) The failure by Lessee to make any payment of Base Monthly Rent, <br /> Percentage Rent Impositions or any other payment required to be made by Lessee <br /> hereunder, where such failure shall continue for a period of 7 days. <br /> (iii) Except as otherwise provided in this Lease,the failure by Lessee to <br /> observe or perform any of the non-monetary covenants, conditions, or provisions <br /> of this Lease to be observed or performed by Lessee, where such failure shall <br /> continue for a period of 30 days after written notice hereof from Lessor to Lessee; <br /> provided, however, that if the nature of Lessee's noncompliance is such that more <br /> than 30.days are reasonably required for its cure, then Lessee shall not be deemed <br /> to be in default if Lessee commences such cure within said 30-day period and <br /> thereafter diligently prosecutes such cure to completion and the final <br /> determination thereof. <br /> iv The admission by Lessee of its inability to pay debts as they <br /> ) Y t3' PY Y <br /> mature. <br /> (v) Institution by or against Lessee of any bankruptcy, insolvency, <br /> reorganization, receivership or other similar proceeding involving the creditors of <br /> Lessee which,if instituted against Lessee is not dismissed within 60 days after the <br /> commencement thereof; <br /> (vi) The issuance of filing of any judgment, attachment, levy, <br /> garnishment or the commencement of any related proceeding or the <br /> commencement of any other judicial process upon with respect to Lessee, all or <br /> substantially all of the assets of Lessee or the Leased Premises. <br /> 1 <br />
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