My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
Reso 2011-1749
SIBFL
>
City Clerk
>
Resolutions
>
Regular
>
2011
>
Reso 2011-1749
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
8/19/2013 2:24:28 PM
Creation date
7/22/2011 3:25:33 PM
Metadata
Fields
Template:
CityClerk-Resolutions
Resolution Type
Resolution
Resolution Number
2011-1749
Date (mm/dd/yyyy)
07/21/2011
Description
Approving a Ground Lease and Dev. Agreement w/4M Investors, LLC
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
88
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
<br />therefore, and repossess and enjoy said premises together with all additions, alterations, and <br />improvements, without such reentry and repossession working a forfeiture of the rents to be paid <br />and the covenants to be performed by Tenant during the full Term hereof. <br /> <br />Section 3. No Waiver and No Estoppel. The failure of Landlord to insist upon a strict <br />performance of any of the terms, conditions and covenants herein shall not be deemed to be a <br />waiver or an estoppel of any rights or remedies that Landlord may have and shall not be deemed <br />a waiver of any subsequent breach or default in the terms, conditions and covenants herein <br />contained except as may be expressly waived in writing. <br /> <br />Section 4. <br /> <br />Default by Landlord. The following shall be deemed a default by Landlord: <br /> <br />(a) Landlord fails to keep, perform, or observe any of the covenants, agreements, <br />terms, or provisions in this Lease that are to be kept or performed by Landlord, and Landlord <br />shall fail to cure such failure within thirty (30) days after delivery by Tenant to Landlord of <br />written notice specifying failure; or <br /> <br />(b) Any representation or warranty made by Landlord under the Lease shall be <br />materially false, misleading or inaccurate as of the date made. <br /> <br />Section 5. Tenant's Remedies. If the Landlord defaults, Tenant may exercise any other right <br />or remedy available to Tenant under applicable law, except as expressly limited by the terms of <br />this Lease. <br /> <br />ARTICLE XVIII <br />Leasehold Mortgage <br /> <br />Section 1. Tenant's Right to Finance. Tenant, and any successor or assign of Tenant, may, <br />with Landlord's written consent, pledge, mortgage or encumber the Leasehold Estate demised <br />hereunder (a "Leasehold Mortgage"). Any Leasehold Mortgage shall by its terms be made <br />expressly subject to all of Landlord's rights under the provisions, covenants, conditions, <br />exceptions and reservations herein contained, and to Landlord's interest in the Improvements at <br />the expiration of the Term or the earlier termination of this Lease. Landlord shall not be bound to <br />recognize any mortgagee of the Leasehold Estate ("Leasehold Mortgagee") or to give any <br />Leasehold Mortgagee the notices, rights and protections contemplated under this Lease unless <br />such Leasehold Mortgagee or Tenant shall have notified Landlord in writing of the existence of <br />such Leasehold Mortgage and of the name and United States address of such Leasehold <br />Mortgagee, but under no circumstances shall the Landlord be under any obligation to mortgage <br />its fee simple ownership interest. Tenant shall provide to Landlord the name and mailing address <br />of the lender or leasehold mortgagee together with true copies of the loan documents, including, <br />as applicable, deed of trust, mortgages, security agreements, and promissory notes, within ten <br />(10) days after execution by Tenant, and any other documents requested by Landlord within ten <br />(10) days of its written request. <br /> <br />25 <br /> <br />~\e <br />
The URL can be used to link to this page
Your browser does not support the video tag.