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Agmt19 YMCA of Sillicon Valley Master Project Agmt.
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Agmt19 YMCA of Sillicon Valley Master Project Agmt.
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Last modified
3/29/2022 12:41:49 PM
Creation date
3/25/2022 1:07:48 PM
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Agreement
Contractor Name
YMCA of Sillicon Valley
PROJECT NAME
Purchase and Sale Agreement
RMP File Number
304.5
Date
3/18/2022
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reasonably necessary closures in the ordinary course of business and/or strikes, lockouts or <br />similar causes beyond the reasonable control of Tenant. Tenant shall keep the New YMCA <br />adequately staffed with sufficient sales personnel to conduct said business in accordance with <br />sound business practice. In the event of breach by the Tenant of any of the covenants or <br />conditions contained in this Paragraph 7, Landlord shall give notice, and if Tenant does not re- <br />establish operations within Thirty (30) days of such notice, Landlord shall have, in addition to <br />any and all remedies provided in law, the right, at Landlord's option, to terminate the Lease and <br />recapture the YMCA Site upon Sixty (60) days' notice. <br />8. Quiet Enjoyment. Landlord covenants that upon payment by Tenant of the rent <br />herein reserved and upon performance and observance by Tenant of all of the agreements, <br />covenants and conditions herein contained on the part of Tenant to be performed and <br />observed, Tenant shall peaceably hold and quietly enjoy the YMCA Site during the entire Term <br />without hindrance, molestation or interruption by Landlord or by anyone lawfully or equitably <br />claiming by, through or under Landlord. <br />9. Allowed and Prohibited Uses. Tenant may use the YMCA Site for any lawful <br />purpose; provided, however, that Tenant intends to construct the Phase 2 Improvements and <br />operate the New YMCA at the YMCA Site. In addition, Tenant shall be afforded access to and <br />use of the Non -Exclusive Common Area, provided however, that any such use shall comply with <br />the use covenants for the tax-exempt bond financing issued by Landlord to finance the <br />improvements constructed in the Non -Exclusive Common Area. Tenant will not use the YMCA <br />Site for any purpose or use which in any manner causes, creates or results in a public or private <br />nuisance or which unreasonably disturbs the public or any other users of the Non -Exclusive <br />Common Area. Tenant shall comply with the Prohibited Uses described on Exhibit E. <br />10. Title to Buildings and Improvements. <br />(a) Title to all buildings, structures and improvements that now, or may <br />from time to time constitute a part of the New YMCA shall be and remain in Tenant until the <br />termination of this Lease. Upon the Termination Date, Tenant may remove from the YMCA Site <br />all machinery, equipment and fixtures. Upon the Termination Date, the improvements and all <br />alterations, additions, equipment, and fixtures shall be deemed to be and shall automatically <br />become the property of Landlord, without cost or charge to Landlord. Landlord agrees that <br />Tenant, at any time prior to the Termination Date, may remove from the YMCA Site any and all <br />equipment which Tenant has furnished for maintenance purposes or for the use of its <br />management or occupancy, provided that Tenant shall repair any physical damage to the YMCA <br />Site caused by the removal of such equipment and property. <br />(b) Tenant, on termination of this Lease, shall execute and deliver any and <br />all deeds, bills of sale, assignments, and other documents which in Landlord's sole judgment <br />may be necessary or appropriate to transfer, to evidence or to vest in Landlord clear title to any <br />of the property described in the foregoing subsection (a) located on the YMCA Site at the time <br />of such termination. Tenant agrees to execute, at the request of Landlord at the end of the <br />Term, a quitclaim deed to Landlord for the improvements. The deed shall be recorded at <br />ATTY/AGR/2019.316/YMCA MASTER PROJECT AGREEMENT <br />Page 33 of 108 <br />
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