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Agmt10 Chemical Way Properties
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Agmt10 Chemical Way Properties
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Last modified
10/13/2010 3:42:55 PM
Creation date
10/13/2010 3:41:34 PM
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Agreement
Contractor Name
Chemical Way Properties
PROJECT NAME
Real Estate Option Agreement 20 Chemical Way APN 052-392-240
RMP File Number
304
Date
10/1/2010
MO Ref
10-194
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shall commence such performance within such thirty (30) day period and thereafter diligently <br /> prosecute the same to completion. <br /> 18. Advertisements and Signs. Tenant shall not place or permit to be <br /> placed any sign, display, advertisement, or decoration (collectively "sign ") on the exterior of the <br /> Building(s) or elsewhere on the Property without the prior written consent of Landlord (which <br /> may be granted or withheld in its sole discretion) as to the color, size, style, character, content, <br /> and location of each such sign. Tenant shall at its sole expense comply with all codes, <br /> ordinances, regulations, and other requirements of the City of Redwood City or other applicable <br /> governmental authority relating to any sign Tenant places on or about the Premises. Upon <br /> termination of this Lease, Tenant shall remove all signs which it has placed on or about the <br /> Property, and shall repair any damage caused by the installation or removal of each such sign. <br /> Notwithstanding the above, Tenant shall have the right to leave any signs on the Premises that <br /> are there at the Commencement Date. <br /> 19. Entry by Landlord. Landlord and its agents shall be entitled to enter <br /> into and upon the Premises at all reasonable times, upon two (2) business days written notice to <br /> Tenant (except in the case of an emergency, in which event no notice shall be required), for <br /> purposes of inspecting or making repairs, alterations or additions to all or any portion thereof, or <br /> any other part of the Building(s), including the erection and maintenance of such scaffolding, <br /> canopies, fences and props as may be required, or for the purpose of posting notices of non- <br /> responsibility for alterations, additions, or repairs. Landlord's rights of entry as set forth in this <br /> paragraph shall be subject to the reasonable security regulations of Tenant. During any entry <br /> within Tenant's business hours, Landlord shall act in a manner designed to minimize interference <br /> with Tenant's business activities on the Premises. <br /> 20. Subordination and Attornment. <br /> 20.1 Subordination. Tenant agrees that this Lease may, at the option of <br /> Landlord, be subject and subordinate to any mortgage, deed of trust, or other instrument of <br /> security now of record or which is recorded after the date of this Lease affecting all or any <br /> portion of the Premises, and such subordination is hereby made effective without any further act <br /> of Tenant. Tenant shall execute and return to Landlord any documents required by the lender to <br /> accomplish the purposes of this paragraph, within seven (7) days after delivery thereof to Tenant, <br /> and the failure of Tenant to execute and return any such instruments shall constitute a default <br /> hereunder. <br /> 20.2 Attornment. Tenant shall attorn to any third party purchasing or <br /> otherwise acquiring the Premises at any sale or other proceeding, or pursuant to the exercise of <br /> any rights, powers or remedies under any mortgages or deeds of trust or ground leases now or <br /> hereafter encumbering all or any part of the Premises, as if such third party had been named as <br /> Landlord under this Lease. <br /> 21. Estoppel Certificates and Financial Statements. Tenant shall within <br /> seven (7) days following request by Landlord: (a) execute and deliver to Landlord any <br /> Redwood City Lease 10.07. 2010 v.4 (20 Chemical) 19 <br />
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