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AgdaPkt 2009-06-22 clsd and jnt
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AgdaPkt 2009-06-22 clsd and jnt
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Last modified
9/24/2013 12:22:20 PM
Creation date
6/18/2009 4:10:58 PM
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Template:
CC Index
CC Index - Document Type
Agenda Packet
Meeting Type
Joint
Agency Type
City Council and Redevelopment Agency
Date
6/22/2009
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6.1 C <br /> Page 41 <br /> Licensee shafi release it from or in any way alter any af Licensee's obligativns <br /> under this Agreement. Licensee shall not have the Premises de[ivered to a <br /> subsidiary company of Licensee. Any assignment, encumbrances, occupation or <br /> use contrary to the provis�ons of this License shal� be void and shall consti#ute <br /> breach of this License. Licensor may assign any �f fts �ghts hereun�er vr�ttiout <br /> notice to Licensee. <br /> 10.2 Transfer of Ownershi . The dissolution, merger, consolidation, or other <br /> reorganization of the Licensee's corporation, association, partnership or limited <br /> liability company or the safe or other transfer of fifty one percen# (51%) or more of <br /> fhe assets of the corpora�ion shall be deemed an assignmen#within the mea�ing <br /> and pro�isions of this Paragraph. !f the Licensee shal! assign fifty one percent <br /> (51%} or more of the ownership of Hidden Dragon Tea Hau�e, License� shall <br /> provide written notice sixty days (GO) before the assignment. The Licensor shali, <br /> a# its discretion renegotiate the Agreement, including the terms, fees, or any and <br /> a{i portions of the Agreement. <br /> 'f 1. A1.TERATlONS � <br /> 11.1 Licensee shall nof make or suffer to be made any aiterations, additions, or <br /> improvements (collectE�ely "A1te�ations") in, on, or to the Premises wifhout the <br /> prior written consent of Licensor. <br /> 12. LIENS <br /> 12.1 Licensee shall not permit any mechanic's or materia! men's liens, s#op notices or <br /> other [iens (collectively "Liens"} fio be filed agair�t the Pre�ise� nor a���r�st <br /> Licensee's interest therein by reason of labor or materiafs furnished to the <br /> Premises at Licensee's instance or request. If any such liens are �iled agains# <br /> the P�ernises, Licensee shafl cause the sa�ne E� be discharg�d of rec�rd, e�ther <br /> by payrnent of the claim or by posting and recording fihe bond contemp(ated by <br /> the Caiifarnia Ci�il Code Sectian 3143, within 2� days after demand by Ciiy. <br /> Licensee shall indemnify, hold harmiess, and defend City from and against any <br /> such liens. <br /> '13. ABAND{JNIVIENT <br /> 13.1 Licensee shall not vacant or abandon the Premises a# any time during the term <br /> hereof, and if Licensee shall abandon, vacate or surrender the �icensed <br /> Premises, or be dispossessed by process o# �aw or otherwise, it shai( be a <br /> material default under this Agreement. <br /> 14. LICENSEE'S BROKER Ct�MMtSStON <br /> 14.1 In the event a license is executed between �icensor and �icensee as to the <br /> Premises, Lieensor is not responsib�e for payment of any comrnission to any <br /> person. Any payment ot a commission is fihe so[e responsibif�ty of Licensee. <br /> �s. R�LOCA�r�oN <br /> �5.1 Licensee understands and acknowl�dges that, as an occupant, this Agreement <br /> or any fu#ure license agreement creates no rights under federal, state or ioca� law <br /> to receive reloca#ion benefits or any advisory assistance upon termination of any <br /> current or future Iicense agreement. Licensee here�y��raives and releases the <br /> ATTYIAGR/2009.�25 <br /> 061609 <br /> Initials Page b <br />
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