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02
City of Pleasanton
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CITY CLERK
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AGENDA PACKETS
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2017
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101717
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02
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CITY CLERK
CITY CLERK - TYPE
AGENDA REPORT
DOCUMENT DATE
10/17/2017
DESTRUCT DATE
15Y
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materially adverse to Lessor beyond the expiration of the applicable cure period specified in <br /> paragraph (b) above <br /> Section 12 2 Rights and Remedies <br /> (a) At any time after the occurrence of an Event of Default hereunder, subject <br /> in all respects to the provisions of this Lease with respect to Lessor's nghts to cure defaults by <br /> Lessee and with respect to the nghts of any Lenders, Lessor may, in addition to any other rights <br /> and remedies available at law or in equity, terminate this Lease by giving Lessee written notice <br /> thereof(with a copy of such notice to the Lenders), setting forth in such notice an effective date <br /> for termination which is not less than thirty (30) days after the date of such notice, in which <br /> event this Lease and Lessee's Estate created hereby and all interest of Lessee and all parties <br /> claiming by, through or under Lessee shall automatically terminate upon the effective date for <br /> termination as set forth in such notice, with the same force and effect and to the same extent as if <br /> the effective date of such notice had been the date originally fixed in Article 2 hereof for the <br /> expiration of the Term In such event, Lessor, its agents or representatives, shall have the nght, <br /> without further demand or notice, to re-enter and take possession of the Leased Premises <br /> (including all buildings and other Improvements compnsing any part thereof) at any time from <br /> and after the effective termination date without being deemed guilty of any manner of trespass <br /> and without prejudice to any remedies for arrears of Rent or existing breaches of covenants; <br /> provided that Lessor shall not be entitled to disturb possession of any Tenants or others in <br /> possession pursuant to Tenant Leases with Lessee so long as such Tenant or others are not in <br /> default thereunder and attorn to Lessor as their lessor <br /> (b) Upon the exercise of Lessor's remedies pursuant to this Section 12 2, <br /> Lessee shall execute such releases, deeds and other instruments in recordable form as Lessor <br /> shall reasonably request in order to accurately set forth of record the then current status of <br /> Lessee's Estate and Lessee's rights hereunder <br /> (c) If Lessee shall have failed to cure a default by Lessee after expiration of <br /> the applicable time for cure of a particular default, Lessor, at its election, but without obligation <br /> therefor(i) may seek specific performance of any obligation of Lessee, after which Lessor shall <br /> retain, and may exercise and enforce, any and all rights that Lessor may have against Lessee as a <br /> result of such default, (ii) from time to time without releasing Lessee in whole or in part from the <br /> obligations to be performed by Lessee hereunder, may cure the default at Lessee's cost, (iii) may <br /> terminate this Lease pursuant to subsection (a), (iv) subject to the nghts of Lenders, may have a <br /> receiver appointed to take possession of Lessee's interest in the Leasehold Estate with power in <br /> the receiver(a) to administer Lessee's interest in the Leasehold Estate, (b) to collect all funds <br /> available in connection with the operation of the Project, and (c) to perform all other acts <br /> consistent with Lessee's obligations under this Lease, as the court deems proper. and/or (v) may <br /> exercise any other remedy given hereunder or now or hereafter existing at law or in equity. Any <br /> reasonable cost incurred by Lessor in order to cure such a default by Lessee shall be due <br /> immediately from Lessee, together with interest, and may be offset against any amounts due <br /> from Lessor to Lessee <br /> (d) Remedies Cumulative No remedy provided in this Section shall be <br /> considered exclusive of any other remedy, but the same shall be cumulative and shall be in <br /> 36 <br /> 191\52\1656915 8 <br /> OAK#4834-9609-1684 v9 <br />
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