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Agmt10 Steve Penna and Regina Van Brunt dba Some Stuff on the Square
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Agmt10 Steve Penna and Regina Van Brunt dba Some Stuff on the Square
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Last modified
5/10/2011 12:07:41 PM
Creation date
4/9/2010 10:32:14 AM
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Agreement
Contractor Name
Steve Penna and Regina Van Brunt dba Some Stuff on the Square
PROJECT NAME
Some Stuff on the Square Lease Area 2B
RMP File Number
405
Date
3/24/2010
Amendment
Yes
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<br />. . <br /> <br />18. LOCKS <br />18.1 If Lessee adds or changes locks to its assigned Concession space, Lessor shall <br />be given copies of all manufactured keys. Lessee shall notify Lessor of its intent <br />or action to change locks within forty-eight (48) hours of such intent or action. <br />Lessor shall at all times have the necessary keys that enable access to the <br />Lessee's assigned Concession space. <br /> <br />19. ASSIGNMENT <br />19.1 Lessor's Consent Required. Lessee may not assign its rights under the Lease, <br />nor any interest therein, and shall not encumber the Premises or any part <br />. thereof, nor any right or privilege appurtenant thereto, nor allow or permit any <br />other person(s) to occupy or use the Premises, or any portion thereof, without <br />Lessor's prior written approval, which shall be in the sole discretion of Lessor. <br />Consent by Lessor to one assignment, occupation or use by another person shall <br />not be deemed to be consent to any subsequent assignment, occupation or use <br />by another person. <br /> <br />It is agreed that Lessor will not be acting unreasonably in refusing to consent to <br />an assignment or subLease if, in Lessor's opinion, the quality of the <br />merchandising operation of the proposed assignee or subLessee is not equal to <br />or better than that of the Lessee, or if the net worth of such assignee or <br />subLessee is less than that of Lessee. <br /> <br />No assignment or encumbrance by Lessee shall reLease it from or in any way <br />alter any of Lessee's obligations under this Lease. Lessee shall not have the <br />Premises delivered to a subsidiary company of Lessee, and such arrangement <br />shall in no way alter Lessee's responsibilities hereunder with respect to the <br />Premises. Any assignment, encumbrances, occupation or use contrary to the <br />provisions of this Lease shall be void and shall constitute breach of this Lease. <br />Lessor may assign any of its rights hereunder without notice to Lessee, or Lessor <br />may terminate this Agreement. Any assignee, subLessee or other recipient of <br />Lessee' interest in this Agreement is hereby notified that such transfer is of no <br />force or effect without Lessor's prior written consent. <br /> <br />19.2 Transfer of Ownership. The dissolution, merger, consolidation, or other <br />reorganization of the corporation, association, partnership or limited liability <br />company or the sale or other transfer of fifty one percent (510/0) or more of the <br />assets of the business entity shall be deemed an assignment within the meaning <br />and provisions of this Paragraph. If the Lessee shall assign fifty one percent <br />(510/0) or more of the ownership, Lessee shall provide written notice sixty (60) <br />days before the assignment. The Lessor shall have the right to renegotiate the <br />Agreement, including the terms, fees, or any and all portions of the Agreement, <br />and Lessor shall have the right to condition approval of the transfer of ownership <br />on Lessee's acceptance of the new terms and conditions. <br /> <br />20. LIENS AND INSOLVENCY <br />20.1 Lessee shall keep the Premise free from any liens anslng out of any work <br />performed for, materials furnished to, or obligations incurred by Lessee and shall <br />indemnify, defend, and hold Lessor harmless from the same. If Lessee or <br />Lessee's Guarantor shall be declared insolvent or bankrupt or if anyassignm~nt <br />of Lessee's property shall be made for the benefit of the creditors or otherwise,or <br /> <br />A TTY/AGR/201 0.012 <br />022610 <br /> <br />~lnitia[S <br /> <br />10 <br />
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