SR 05:219 - Laserfiche WebLink

(10) The Lessor shall cooperate in including in this Lease by suitable amendment from time to time any provision which may reasonably be requested by any proposed Lender for the purpose of implementing the mortgagee-protection provisions contained in this Lease and allowing such proposed Lender reasonable means to protect or preserve the lien ofthe leasehold mortgage and the value of its security. The Lessor agrees to execute and deliver (and to acknowledge, if necessary, for recording purposes) any agreement necessary to effect any such amendment; provided, however, that any such amendment shall not in any way affect the Lease Term or rent under this Lease; 4.3 rn~t nf Oth"'T T n.n~ tn h", P.ic1 hy T "'~~"'''' The Lessee shall bear all of the costs and expenses in connection with (i) the preparation and securing of the Othfr Loans, (ii) the delivery of any instruments and documents and their filing and recording, if required, and (iii) all taxes and charges payable in connection with the Other Loans. 4.4 Prnl"PPct<: of T n~n~ It is expressly understood and agreed that all Other Loan, City Loan and the City HELP Loan proceeds shall be paid to and become the property of the Lessee, and that the Lessor shall have no right to receive any such Other Loan, the City Loan and the City HELP Loan proceeds. 4.5 Nntl('p.~nr1 Rig}lt to rnTp. npf::mlto;:. 1 TnnPT T nR",," Upon the recording of a Memorandum of Lease or this Lease, the Lessor may record in the office of the Recorder of the County in which the land is situated, a request for notice of any default under each Other Loan. In the event of default by the Lessee under an Other Loan, the Lessor shall have the right, but not the obligation, to cure the default. Any payments made by the Lessor to cure a default shall be treated as rent due from the Lessee which shall be paid, with interest which shall equal the Lessor's Local Agency Investment Fund Rate (established pursuant to Section 16429.1 of the Ca1ifomia Government Code) within thirty (30) days of the date on which the payment was made by the Lessor. If Lessee is not able to cure a default under the Other Loan, Lessee agrees to work cooperatively with Lessor if Lessor seeks to cure the default, pay any amounts due under the Other Loan if accelerated, or assume the Other Loan. , ARTICLE 5: TN"TlR A NrF 5.1 Rp.qJlirp.n TnC;:l1r~nf':p rnVp.TAgp. (a) PT"P",rty TMl1T.n""'. The Lessee shall during the Lease Term keep the Improvements insured against loss or damage by a standard all risk policy including flood and earthquake (if commercially reasonably available) in amounts such that the proceeds of such insurance shall not be less than the full replacement value of the Project, or should insurance in such amount not be commercially reasonably available, such lesser amount as may be acceptable to any Lenders. If an all risk policy insuring the full replacement value of the Project is not 144\ 1 05\153233.23 16