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Agmt22 City County Land Swap Leaseback Agrmt
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Agmt22 City County Land Swap Leaseback Agrmt
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Last modified
4/26/2022 12:31:20 PM
Creation date
4/26/2022 12:30:02 PM
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Agreement
Contractor Name
City County Land Swap
RMP File Number
304.5
Date
2/3/2022
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worth, at the time of award, of the amount by which the unpaid Rent that would have been earned <br />after the date of termination until the time of award exceeds the amount of loss of rent that Tenant <br />proves could have been reasonably avoided, (c) the worth, at the time of award, of the amount <br />by which the unpaid Rent for the balance of the Term after the time of award exceeds the amount <br />of the loss of rent that Tenant proves could have been reasonably avoided, and (d) any other <br />amount, and court costs, necessary to compensate Landlord for all detriment proximately caused <br />by Tenant's default. The phrase "worth, at the time of award," as used in (a) and (b) above, <br />shall be computed at the Applicable Interest Rate, and as used in (c) above, shall be computed <br />by discounting such amount at the discount rate of the Federal Reserve Bank of San Francisco <br />at the time of award plus one percent (1 %). <br />(c) Liquidated Damages. If owed pursuant to Section 18.9 below, <br />Tenant shall pay "Liquidated Damages" as defined and provided in Section 18.9. <br />14.3 Cumulative. Each right and remedy of Landlord provided for herein or now or <br />hereafter existing at Law or in equity, by statute or otherwise shall be cumulative and shall not <br />preclude Landlord from exercising any other rights or rernedies provided for in this Lease or now <br />or hereafter existing at Law or in equity, by statute or otherwise. <br />15. ASSIGNMENT AND SUBLETTING. <br />15.1 Landlord's Consent. Landlord hereby acknowledges that the shelter located on <br />the Premises is operated by a contractor of Tenant and Landlord consents to the continued <br />operation of the shelter by Tenant's current contractor or any other contractor as may be chosen <br />by Tenant in its sole reasonable discretion. Otherwise, Tenant shall not assign, sublet or <br />otherwise transfer, whether voluntarily or involuntarily or by operation of Law, this Lease, the <br />Premises, the Improvements or any part thereof, without Landlord's prior written approval, which <br />Landlord may withhold in its sole absolute discretion, without any obligation to consider any <br />proposed assignment, sublet or transfer in good faith or otherwise. Tenant's attempted <br />assignment/subletting without first obtaining Landlord's written consent shall be void at Landlord's <br />election. Landlord's consent to one assignment or subletting shall not be deemed a consent to <br />subsequent assignments and/or sublettings. The merger of Tenant with any other entity or the <br />transfer of any controlling or managing ownership or beneficial interest in Tenant, or the <br />assignment of a substantial portion of the assets of Tenant, whether or not located at the Premises <br />shall constitute an assignment hereunder. In the event Tenant shall assignor sublet the Premises <br />or request the consent of Landlord to any assignment or subletting or if Tenant shall request the <br />consent of Landlord for any other act Tenant proposes to do then Tenant shall pay Landlord's <br />attorneys' fees incurred in connection with each such request. <br />16. ESTOPPEL ATTORNMENT AND SUBORDINATION. <br />16.1 Estoppel. Within ten (10) days after request by Landlord, Tenant shall deliver an <br />estoppel certificate duly executed and acknowledged to any proposed mortgagee, beneficiary, <br />purchaser, or Landlord, in a commercially reasonable form substantially similar to that requested <br />and a statement certifying, without limitation: (i) the date of commencement of this Lease; (ii) the <br />fact that this Lease is unmodified and in full force and effect (or, if there have been modifications <br />hereto, that this Lease is in full force and effect, as modified, and stating the date and nature of <br />such modifications); (iii) the date to which the rental and other sums payable under this Lease <br />REV: 01-21-2022 SK 13 <br />ATTY/AGR.2022 010.2/City- County Land Swap (Page 19 of 34) <br />
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