Agmt14 San Mateo County Transit District Lease of parking Sequoia Station

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Agreemcnt No.800617 facilities of like character upon, over or under the surface of thc Premises, and (b) construct, operate, maintain, review and relocate such additional facilities of the same character in a manner that does not unreasonably interfere with Lessee's use of the Premises. 22. Mineral Rights. Agency also reserves for itself and those to whom it grants such right the title and exclusive right to all of the minerals and mineral ores of every kind and character now known to- exist or hereafter discovered upon, within or underlying the Premises, or that may be produced therefrom, including, without limiting the generality of the foregoing, all petroleum, oil, natural gas and other hydrocarbon substances and products derived therefrom, together with the exclusive and perpetual right thereto, without, however, the right to use or penetrate the surface of, or to enter upon the Premises within SOQ feet of the surface thereof to extricate or remove the same. 23. Default. (a) Defaults. The occurrence of any of the following shall constitute a material breach and default ("DefaulY')of this Lease by Lessee: (1) Any fai lure by Lessee to pay when due any of the Rent or other charges payable by Lessee; (2} A failure by Lessee to observe or perform any other provision of this Lease to be observed or performed by Lessee when such failure is not corrected within 10 days after written notice thereof frorr► Agency; or if such failure cannot be cured within this 10 day period, as determined by Agency in its reasonable discretion, if such cure is not commenced within 30 days of Agency's written notice and thereafter diligently pursued to completion; (3) The abandonment or the vacation of the Premises by Lessee for a period of more than I S consecutive days; (4) The happening of any of the following events: (a) the filing or institution by Lessee of any proceeding under the Bankruptcy Act and any amendment thereto, or any other federal or state act now or hereafter relating to the subject of bankruptcy, insolvency, arrangement, reorganization, or other form of debtor relief, (b) the institution or filing of any involuntary proceeding against Lessee under any of the aforementioned laws unless such proceeding is dismissed within 30 days thereafter, (c) an adjudication of bankruptcy or a finding or judgment of insolvency of Lessee, (d) an assignment for the benefit of creditors by Lessee, (e) the [evy of a writ of execution of the business of Lessee or the assets of Lessee located on the Premises which is not discharged within 10 days after the date of said levy, or (� the appointment of a receiver to take possession of any property of Lessee. 24. Remedies. In the event of a Default by Lessee, Agency may, at any time thereafter: ATT`f/AGR/2013.2AA/SEQUOIA STATION LEASE AGREEMENT REV:12-19-13 VR 58845U8 I Page 14 of 21