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Agmt11 Sea Link Cafe
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Agmt11 Sea Link Cafe
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Last modified
6/28/2011 2:37:22 PM
Creation date
6/28/2011 2:37:17 PM
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Agreement
Contractor Name
Sea Link Cafe- Marielena Enriquez and Edgar Maldonado DBA Sea Link Cafe
PROJECT NAME
License Agreement for cafe at Redwood Shores Library at 399 Marine World Pkwy
RMP File Number
304.5
Date
6/27/2011
MO Ref
11-067
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Licensee's interest in this Agreement; or <br /> 4. The attachment, execution or other judicial seizure of substantially <br /> all of Licensee's assets located at the Premises or of Licensee's <br /> interest in this Agreement. <br /> (g) Licensee acknowledges that Licensor has executed this Agreement in <br /> reliance on the financial information furnished by Licensee to Licensor as <br /> to Licensee's financial condition. If it is determined at any time <br /> subsequent to the date of this Agreement that any of the financial <br /> information furnished by Licensee and relied upon by Licensor in <br /> executing this Agreement is substantially untrue or inaccurate, Licensee <br /> shall be deemed to be in default under this Agreement, which default <br /> shall not be subject to cure, and which shall entitle Licensor to exercise all <br /> remedies reserved to Licensor under this Agreement or otherwise <br /> available to Licensor at law. <br /> (h) Failure to abide by any local, state, or Federal governmental laws or <br /> regulations. <br /> 26. REMEDIES <br /> 26.1 In the event of any breach by Licensee, in addition to other rights or remedies of <br /> Licensor at law or in equity, Licensor shall have the following remedies: <br /> A. If Licensee breaches the License and abandons the Premises before the <br /> end of the term, or if his right to possession is terminated by the Licensor <br /> because of a breach of the License, the License terminates. Upon such <br /> written notice of termination, the Licensor shall have the right to recover <br /> against Licensee: <br /> 1. The worth at the time of award of the unpaid license fee that had <br /> been earned at the time of termination; <br /> 2. The worth at the time of award of the amount by which the unpaid <br /> license fee that would have been earned after termination until the <br /> time of award exceeds the amount of this rental loss that Licensee <br /> proves could have been reasonably avoided; <br /> 3. The worth at the time of award of the amount by which the unpaid <br /> license fee for the balance of the Term after the time of award <br /> exceeds the amount of this rental loss that Licensee proves could <br /> be reasonably avoided; and <br /> 4. Any other amount necessary to compensate Licensor for all the <br /> detriment proximately caused by Licensee's failure to perform <br /> Licensee's obligations under the Agreement. <br /> B. The worth at the time of award of the amounts referred to in <br /> subparagraphs (1) and (2) of subdivision (A) shall be computed by <br /> allowing interest at ten percent (10 %) per annum. The worth at the time <br /> of award of the amount referred to in subparagraph (3) of subdivision (A) <br /> Atty /Agr /2011. 048 LIBRARY CAFE LICENSE 17 <br /> 051311 <br />
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