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80A - JOINT WORK CENTER MOU
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80A - JOINT WORK CENTER MOU
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Last modified
4/28/2022 11:33:23 AM
Creation date
5/2/2019 6:11:42 PM
Metadata
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Template:
City Clerk
Doc Type
Agenda Packet
Agency
Community Development
Item #
80A
Date
5/7/2019
Destruction Year
2024
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EXHIBIT 1 E <br />EXHIRIT aJ„ <br />OPTIONS <br />This Fn ildi IT consists of die followhng Schedules; Schedule l$I" (Extension Opdon[sl); Schedule 9.2" (Additional Space Opdon[sl); and <br />Schedule "13" (Determination of FMRR), all of which are incorporated herein by this reference. Notwithstanding anything to die contrary in thin <br />Leasei (a) oft of th s rights and options of Tenant that are described in this Exhibit'T' (collectively, the "Options") are and shall be personal to die <br />Original Tenant, are not trnnsferabie end may only be exercised by the Original Tenant (and not by any assignee, sublessee ov other Transrerne or <br />Tetnnl's interest in this Lease); and (b) the Extension Option and Right of First Offer may be exercised only on Via condition that, at the applicable <br />time, the Original Tenant then occupies the entire Premises. In addition, notwithstanding anything to the contrary In this Lease, at the election of <br />Landlord (in its sole and absolute discretion); li) any atiempted exercise by Tenant of the Extension Opdon,or Right of First Otter shall be invalid <br />and Ineffective if, as of the date of such attempted exercise; (A) Tenant is in default under this Lease or (B) Tenant has previously been in default <br />undcr (Iris Lease more than two times, and (11) if as of the date that the EStaneloa Option or Tenait's lease of any leased First Right Space (defined <br />below) would odberWise commence; (A) Tenant is in defhuh under this Lease or (B) Tenant has previously been in default under Oils Lease more <br />than two times, Landlord may cancel Tenant's exercise of the Extension Option or the Right of First Offer with respect to the applicable Offered First <br />Right Space, as applicable, by delivery or written notice to Tenant. <br />IN W Cfrlr Cvurur Dr— CIO, n%Snnm.Ann Lome <br />Exhihii 1 <br />80A-470 <br />
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