06-20-11 Council Agenda - Laserfiche WebLink

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4. The undersigned is not aware of any offsets, defenses, counterclaims or credits against rentals or lease payments, nor have rentals or lease payments been prepaid except for the current month. 5. The undersigned has no right to cancel the Lease. 6. The undersigned has not assigned, transferred or encumbered its interest in the Lease, nor sublet all or any portion of the Leased Premises. 7. Our rent has been paid through the month of , 2010, in the amount of $ , and all other costs and expenses due from the undersigned have been paid through said period. 8. The undersigned has no option to purchase the Leased Premises, or any part thereof', and has no other interest in the premises other than as Tenant under the Lease. 9. In the event you become the owner of the Leased Premises through foreclosure or otherwise, the undersigned agrees to attorn to you as the Landlord. In the event the interest of Graba Properties, LLC, is transferred to you by foreclosure or otherwise, we agree that you shall not be liable for any act or omission of the current Lessor, nor shall our obligations to you as Landlord be subject to any offsets or defenses which we may then have against Graba Properties, LLC. We further agree that you will not be bound by any rents which we may have paid for more than the current installment, nor bound by any amendment or modification to the Lease made without your consent. We also agree to give you prompt notice should the Lessor at any time be in default under the Lease. 10. The undersigned agrees that its interest as Tenant in the Leased Premises is and shall be, in all respects, subordinate and inferior to your interest in the Leased Premises as mortgage holder or as owner, through foreclosure or otherwise, conditioned upon your agreeing to not disturb out tenancy pursuant to our lease, so long as we are not in default under any provision of our lease. We will not enter into any further lease, or material amendment of our current lease without your prior written approval, which approval shall not be unreasonably withheld. The undersigned individual executing this letter on behalf of Tenant represents and warrants that he or she is duly authorized to execute and deliver this letter on Tenant's behalf. TENANT: 47