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Resolution 9031
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09000 - 09499 (2018-2021)
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Resolution 9031
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Last modified
6/25/2019 10:07:39 AM
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11/14/2018 3:36:35 PM
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MV City Council
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Materials customarily used in business operations so long as Tenant uses such Hazardous Materials <br />in accordance with all applicable laws. Upon expiration or termination of this Lease Tenant shall <br />remove all Hazardous Materials installed, used, stored or disposed of in the Premises by Tenant. <br />Tenant shall indemnify, defend and hold Landlord harmless from and against any claim, damage <br />or expense arising out of Tenant's installation, use, generation, storage, or disposal of any <br />Hazardous Materials, regardless of whether Landlord has approved the activity. <br />5. ASSIGNMENT AND SUBLETTING: <br />Tenant will not assign, transfer, mortgage or encumber this Lease or sublet or rent or <br />franchise or permit occupancy or use of the Premises, or any part thereof by any third party; nor <br />shall any assignment or transfer of this Lease be effectuated by operation of law or otherwise, (any <br />of the foregoing being hereinafter referred to as an "Assignment") without in each such case <br />obtaining the prior written consent of Landlord, which consent shall be subject to Landlord's sole <br />discretion. The consent by Landlord to any Assignment shall not be construed as a waiver or <br />release of Tenant from the terms of any covenant or obligation under this Lease, nor shall the <br />collection or acceptance of rent from any transferee under an Assignment constitute an acceptance <br />of the Assignment or a waiver or release of Tenant or any transferee of any covenant or obligation <br />contained in this Lease, nor shall any Assignment be construed to relieve Tenant from the <br />requirement of obtaining the consent in writing of Landlord to any further Assignment. In <br />conjunction with any requested assignment of this Lease, Landlord may require Tenant to execute <br />a reaffirmation of Tenant's liability hereunder, with waiver of defenses based solely on suretyship. <br />If, at any time during the Term of this Lease, Tenant (and/or the guarantor, if any) is: <br />(i) a corporation or a trust (whether or not having shares of beneficial interest) <br />and there shall occur any change in the identity of any of the persons then having power to <br />participate in the election or appointment of the directors, trustees, or other persons <br />exercising like functions and managing the affairs of Tenant, or <br />(ii) a partnership, limited liability company or association or otherwise not a <br />natural person (and is not a corporation or a trust) and there shall occur any change in the <br />identity of any of the persons who then are members of such partnership or association or <br />who comprise Tenant, <br />such change shall be deemed to be an Assignment. This Section shall not apply if Tenant (and/or <br />guarantor, if any) named herein is a corporation and the outstanding voting stock thereof is listed <br />on a recognized national securities exchange. <br />Whether or not Landlord has consented to assignment or sublease, Tenant shall pay directly <br />to Landlord the amount by which the rent or other payments received by Tenant pursuant to such <br />assignment or sublease exceeds, in any month, the Rent and additional rent payable by Tenant to <br />Landlord Hereunder. <br />3 <br />416585v5 SJR MU210-35 <br />
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