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APOSTOLIC ASSEMBLY OF THE FAITH IN CHRIST JESUS, INC. (3)
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APOSTOLIC ASSEMBLY OF THE FAITH IN CHRIST JESUS, INC. (3)
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Last modified
4/15/2019 11:50:20 AM
Creation date
4/15/2019 11:47:53 AM
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Contracts
Company Name
APOSTOLIC ASSEMBLY OF THE FAITH IN CHRIST JESUS, INC.
Contract #
N-2019-061
Agency
FINANCE & MANAGEMENT SERVICES
Expiration Date
3/31/2020
Insurance Exp Date
9/1/2019
Destruction Year
2025
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(c) This Agreement may be terminated on fifteen (15) days prior written notice by either party <br />upon a default of any covenant or term hereof by the other party, which default has been <br />noticed and is not cured within thilty (30) days of receipt of written notice of default, <br />provided that the grace period for any monetary default is only ten (10) days from receipt <br />of notice. <br />ARTICLE 6 -ASSIGNMENT, ABANDONMENT, DEFAULT, INSOLVENCY <br />Section 6.01 Assignment <br />Lessee shall not, either voluntarily or by operation of law, assign, transfer, mortgage, pledge, or <br />encumber this lease or any interest therein, and shall not sublet said Property or any part thereof, <br />or any right or privilege appurtenant thereto, or allow any other person (the employees, agents, <br />servants, and invitees of Lessee excepted) to occupy or use said Property, or any portion thereof, <br />without the prior written consent of the Lessor. <br />Section 6.02 Abandonment by Lessee <br />Should Lessee breach this Agreement and abandon the Property prior to the expiration of the Term, <br />Lessor may recover at least one month's rental compensation for Lessee's failure to give notice of <br />such tel mination/vacation of the Property. <br />Section 6.03 Default by Lessee <br />Should Lessee default in the performance of any of the terms, conditions, or obligations contained <br />in this Agreement, Lessor may, in addition to the remedies specified in Section <br />6.02 of this Agreement, re-enter and regain possession of the Property in the manner provided by <br />the laws of unlawful detainer of the State of California then in effect. <br />Section 6.04 Insolvency of Lessee <br />The insolvency of Lessee as evidenced by a receiver being appointed to take possession of all or <br />substantially all of the property of Lessee, or the making of a general assignment for the benefit of <br />creditors by Lessee, or the filing of a petition in bankruptcy shall terminate this Agreement and <br />entitle Lessor to re-enter and regain possession of the Propel ty, <br />Section 6.05 Cumulative Remedies <br />The remedies given to Lessor in this Agreement shall not be exclusive, but shall be cumulative <br />and in addition to all remedies now and hereafter allowed by law or elsewhere provided in this <br />Agreement. <br />
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