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Agenda Packets - 1999/03/22
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Agenda Packets - 1999/03/22
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Last modified
1/28/2025 4:47:00 PM
Creation date
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MV Commission Documents
Commission Name
City Council
Commission Doc Type
Agenda Packets
MEETINGDATE
3/22/1999
Supplemental fields
City Council Document Type
City Council Packets
Date
3/22/1999
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power and authority to execute and deliver in the name of Tenant any such instruments or <br /> certificates. <br /> 14.4 SUBORDINATION. Upon request of landlord, Tenant shall, in writing, <br /> subordinate its right hereunder to any ground leases of to the lien of any mortgage or mortgages, <br /> or the lien, resulting from any other method of financing or refinancing,now or hereafter in force <br /> against the land and/or buildings of which the Demised Premises are a part or against any <br /> buildings hereafter placed upon the land of which the Demised Premises are parts, and to all <br /> advances made or hereafter to be made upon the security thereof,provided Tenant is granted <br /> non-disturbance rights. <br /> 14.5 RECORDATION. This Lease shall not be recorded without the prior consent of <br /> Landlord. Upon the request of the Landlord, Tenant shall execute a short form of this Lease <br /> which may be recorded in Landlord's sole discretion. <br /> 14.6 NOTICE TO MORTGAGEE. After receiving written notice from any person, <br /> firm or other entity that it holds a mortgage (which term shall included a deed of trust) which <br /> includes as part of the mortgaged property the Demised Premises, Tenant shall so long as such <br /> mortgage is outstanding be required to give to such holder a duplicate notice of any notice <br /> required to be given to Landlord by this Lease. It is further agreed that such holder shall have the <br /> same opportunity to cure any default, and the same time within which to effect such curing, as is <br /> avoidable to Landlord; and if necessary to cure such a default, such holder shall have access to <br /> the Demised Premises. <br /> ARTICLE XV-LANDLORD DEFAULT <br /> 15.1 DEFAULT NOTICE TO LANDLORD. Should Landlord default in the <br /> performance of any of the covenants on the part of the Landlord to be kept or performed and <br /> such default shall continue for thirty (30) days after written notice to Landlord from Tenant <br /> specifying such default, or should any warranty or representation made by Landlord be untrue <br /> and remain untrue after thirty (30) days after written notice from Tenant specifying such untruth, <br /> then and only in such event, shall termination of this Lease be effected or action taken or remedy <br /> pursued. If the default or untruth is of such character so as to require more than thirty (30) days <br /> to remedy, the Landlord shall have a reasonable period in which to remedy the same, provided <br /> Landlord is proceeding diligently. Tenant waives its right to make repairs at Landlord's expense. <br /> ARTICLE XVI- MISCELLANEOUS PROVISIONS <br /> 16.1 HOLDING OVER. In the event that Tenant shall continue to occupy the demised <br /> Premises after the expiration of the term of this Lease or written extension of the term hereof <br /> without entering a new Lease or written extension of the term hereof said tenancy shall be <br /> construed to be a"tenancy from month to month"upon all of the other terms and conditions <br /> herein contained, except where same are not applicable and except that the rental during such <br /> Page 14 3/22/99--CHS Lease agreement <br /> 1 <br />
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