My WebLink
|
Help
|
About
|
Sign Out
Browse
Search
Res19 15814
RedwoodCity
>
City Clerk
>
Resolutions
>
City Council
>
2010-2019
>
2019
>
Res19 15814
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
12/19/2019 12:10:56 PM
Creation date
12/19/2019 12:09:14 PM
Metadata
Fields
Template:
CC Index
CC Index - Document Type
Resolution
Meeting Type
Joint
Agency Type
City Council and Successor Agency and Public Financing Authority
Date
12/16/2019
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
113
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
Show annotations
View images
View plain text
(c) Should Landlord terminate this Lease for default pursuant to <br />Section 25(b) , Landlord shall be entitled, at Landlord's election, to damages as provided by law. <br />Such damages shall include, subject to the limitations provided in said Section 1951.2 and in <br />Section 25(d) , the worth at the time of award of the unpaid Rent and other sums then owing by <br />Tenant to Landlord under this Lease that had been earned and/or incurred at the time of <br />termination of this Lease. The "worth at the time of the award" of the amounts is computed by <br />allowing interest at the Index Rate (not to exceed the maximum legal rate). <br />(d) In the event of any termination of this Lease pursuant to this Section 25, <br />Landlord shall, to the extent, if any, required by applicable law, use commercially reasonable and <br />diligent efforts to, at a minimum, relet the YMCA Site as soon as practicable at the same or <br />substantially the same terms and conditions contained in this Lease. Landlord may execute any <br />lease made pursuant to the terms of this Section 25 in Landlord's own name, and Tenant shall <br />have no right or authority whatsoever to collect any rent from such new tenant or subtenant. <br />The provisions of this Section 25(d) shall survive the expiration of the Term or the earlier <br />termination of this Lease. <br />26. Nonwaiver. If any action or proceeding is instituted or if any other steps are taken <br />by Landlord or Tenant, and a compromise part payment or settlement thereof shall be made, <br />either before or afterjudgment, the same shall not constitute or operate as a waiver by Landlord <br />or Tenant of any agreement, covenant or condition of this Lease or of any subsequent breach <br />thereof. No waiver of any default under this Lease shall constitute or operate as a waiver of any <br />subsequent default hereunder, and no delay, failure or omission in exercising or enforcing any <br />right, privilege, or option under this Lease shall constitute a waiver, abandonment or <br />relinquishment thereof or prohibit or prevent any election under or enforcement or exercise of <br />any right, privilege, or option hereunder. No waiver of any provision hereof by Landlord or <br />Tenant shall be deemed to have been made unless and until such waiver shall have been reduced <br />to writing and signed by Landlord or Tenant, as the case may be. The receipt by Landlord of rent <br />with knowledge of any default under this Lease shall not constitute or operate as a waiver of such <br />default. Payment by Tenant or receipt by Landlord of a lesser amount than the stipulated rent <br />or other sums due Landlord shall operate only as a payment on account of such rent or other <br />sums. No endorsement or statement on any check or other remittance or in any communication <br />accompanying or relating to such payment shall operate as a compromise or accord and <br />satisfaction unless the same is approved in writing by Landlord, and Landlord may accept such <br />check, remittance or payment without prejudice to its right to recover the balance of any rent or <br />other sums due by Tenant and pursue any remedy provided under this Lease or by law. <br />27. No Merger. <br />(a) There shall be no merger of the leasehold estate created by this Lease <br />with any other estate in the YMCA Site, including the fee estate, by reason of the fact that the <br />same person may own or hold the leasehold estate created by this Lease, or an interest in such <br />leasehold estate, and such other estate in the YMCA Site, including the fee estate, or any interest <br />YMCA Ground Lease -19- <br />82483.00016\32493585.6 <br />
The URL can be used to link to this page
Your browser does not support the video tag.