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AgdaPkt 2007-09-10
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AgdaPkt 2007-09-10
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Last modified
9/24/2013 12:55:27 PM
Creation date
9/7/2007 7:30:42 AM
Metadata
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Template:
CC Index
CC Index - Document Type
Agenda Packet
Meeting Type
Joint
Agency Type
City Council and Redevelopment Agency
Date
9/10/2007
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6.1 B <br /> Page 14 <br /> by Agency shafl not constitute acceptance of liability for acts on the Premises. <br /> '!8. LOCKS <br /> 18.1 if Le�s�� �dds er changes locks t� :s ass�g���� Conczssian space, Less�r sha�l <br /> be given copies of all manufactured keys. Lessee shaEl notify Lessor of its intent <br /> or action to change locks within forty-eight (48) hours of such in#ent or action. <br /> Lessor shali at all times have the necessary keys that enable access to the <br /> lessee's assigned Concession space. <br /> 19. ASSIGNMENT <br /> 19.1 Lessor's Consent Required. Lessee may not assign its righ#s under the Lease, <br /> nor any in#eres# therein, and shafi not enc�mber the Premises or any part <br /> thereof, nor any right ar privilege appur�enant thereto, nor allow or permit any <br /> other person(s) to occupy or use the Premises, or any portion thereof, without <br /> Lessor's prior written approval, which shall be in the sole discretion of Lessor. <br /> Consent by Lessor tv one assignment, occupation ar use by another person shall <br /> not be deemed to be consent to any subsequent assignment, occupation or use <br /> by another person. <br /> No assignment or encumbrance by Lessee shall release it from or in any way <br /> alter any of Lessee's abligations under this Lease. Lessee shal! not have the <br /> Premises delivered to a subsidiary company of Lessee, and such arrangement <br /> shall in no way alter Lessee's responsibilities hereunder with respect to the <br /> Premises. Any assignment, encumbrances, occupation or use contrary to the <br /> pr�visions of this Lease shall be void and shal) constitute breach af this Lease. <br /> Lessor may assign any of its rights hereunder without notice to tessee. <br /> 19.2 Transfer of Ownership. The dissolution, merger, consolidation, or other <br /> rearganization of the corporation, association, partnership or limited liability <br /> company or the saie or other transfer of fifty one percent (51%) or more of the <br /> assets of the corparatian shall be deemed an assignment within the meaning and <br /> provisions of fihis Paragraph. if#he Lessee shall assign fifty one percent (51%) or <br /> more of the ownership, Lessee shafl provide wri#ten notice sixty days {60) before <br /> the assignment. The Lessor shall, at its discretian renegotiate the Agreement, <br /> including the terms, fees, or any and ail portions of the Agreement. <br /> 2Q. LIENS AND IN50LVENCY <br /> 20.1 Lessee shall keep the Premise free from any liens arising out of any work <br /> perforrr�ed for, materiais furnished to, or obligations incurred by Lessee and shall <br /> indemnify, de#end, and hold Lessor harmless from the same. If Lessee or <br /> Lessee's Guarantor shall be declared insolvent or bankrupt or if any assignment <br /> of Lessee's property shall be made for the benefit of the creditors or otherwise, or <br /> if Lessee's improvement interest herein shall be levied upon under execution, or <br /> seized by virtue of any writ of any cour� af law, or a trustee in bankruptcy, ar if a <br /> receiver be appointed for the property of Lessee, whether under operation of the <br /> State or the Federal statutes, then Lessor may terminate this Agreement and <br /> immediately take possession of said Premises upon written notice. Such taking <br /> of possession shaif not terminate the contin�ing obligatians of Lessee, including <br /> payment of rent and any other applicable charges. <br /> ATTY/AGR/2007.067 �� <br /> 090407 <br />
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