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Agmt25 YMCA-SV Second Amendment
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Agmt25 YMCA-SV Second Amendment
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Last modified
8/8/2025 3:32:26 PM
Creation date
8/8/2025 3:32:04 PM
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Agreement
PROJECT NAME
Master Project agreement
RMP File Number
304
Date
8/1/2025
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Exhibit D <br />ATTY/AGR/2025/AMEND NO.2 – YMCA MASTER PROJECT AGREEMENT <br />REV: 07-17-25 VR <br />descent or other alienation of any part or all of the estate of Landlord in and to the YMCA Site or <br />any buildings or improvements located thereon, except as hereinafter provided. Any documentary <br />transfer tax assessed upon the creation of a leasehold interest in the YMCA Site under this Lease <br />shall be paid by Tenant. <br />(c)Revenue & Taxation Code Section 107.6 Possessory Interest Tax. Tenant <br />recognizes and understands that this Lease may create a possessory interest subject to property taxes <br />and that, in the event that a possessory interest is created, Tenant shall be responsible for payment of <br />any taxes levied against such possessory interest. Tenant may apply for any applicable exemption or <br />reduction in possessory interest property taxes and assessments. <br />(d)Landlord shall have the right, but not the obligation, at all times during the <br />Term to pay any taxes, assessments or other charges levied or assessed upon or against the YMCA <br />Site or any buildings or improvements located thereon, and to pay, cancel and clear off all tax sales <br />liens, charges and claims upon or against the YMCA Site or any buildings or improvements located <br />thereon, and to redeem the YMCA Site from the same, or any of them, from time to time, without <br />being obligated to inquire as to the validity of the same. Any sum so paid by Landlord related to the <br />YMCA Site and/or the obligations set forth in Sections 6(a), 6(b) and 6(c), above, shall become due <br />and payable by Tenant within Thirty (30) days after any such payment by Landlord plus interest at <br />6% per annum. <br />7.Hours of Business/Covenant of Continuous Operation. Subject to the provisions <br />of Section 15 (Damage or Destruction), Tenant covenants that it shall continuously during the entire <br />term hereof conduct and carry on Tenant’s business in the YMCA Site and shall keep the New <br />YMCA open for business and cause Tenant’s business to be conducted therein not less than 5 days <br />each week and not less than 30 hours per week; provided, however, that this provision shall not apply <br />if the New YMCA should be closed and the business of Tenant temporarily discontinued therein on <br />account of deep cleaning, repairs, renovations or other reasonably necessary closures in the ordinary <br />course of business and/or strikes, lockouts or similar causes beyond the reasonable control of Tenant. <br />Tenant shall keep the New YMCA adequately staffed with sufficient sales personnel to conduct said <br />business in accordance with sound business practice. In the event of breach by the Tenant of any of <br />the covenants or conditions contained in this Section 7, Landlord shall give notice, and if Tenant does <br />not reestablish 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, covenants <br />and conditions herein contained on the part of Tenant to be performed and observed, Tenant shall <br />peaceably hold and quietly enjoy the YMCA Site during the entire Term without hindrance, <br />molestation or interruption by Landlord or by anyone lawfully or equitably claiming by, through or <br />under Landlord. <br />Page 4 of 50
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