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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 V <br />EXIli BIT "J" <br />OPTIONS <br />This Exhibit "3" consists of die followhig Schedules; Schedule 111•1" (Extension Opdon[s]); Schadute °J•E" (Additional Space Opdunfsj); and <br />Schedule'7.3" (Oelerminn(Ion of FMRA) , all of which are incorporated herein by this reference. Notwithstanding anything to die contrary in drls <br />Lease; (a) all of the rights and options of Twunl that are described In this Exlitbit "]" (collectively, the "Options") are and shall be personal to the <br />Original Tenant, are not transferable and may only be exercised by rho Original Tenant (and not by any assignee, sublassee or other Transferee of <br />Tenants interest in this Lease). and (b) the Extension Option and Right of First Offer may be exercised only on Ilia condition that, at the applicable <br />time, the Original Tenant then occupies the entire Premises. In addition, notwithstanding anything to the contrary In his Lease, at the election of <br />Landlord (in its sole unit absolute discretion); (1) any attempted exercise by Tenant of the Extension Option.or Right of First Offer 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 />under this Lease more than two times, and (ii] if as of the date that the Extension Option or Tenant's lease of any Leased First Right Space (defined <br />below) would otherwise commence; (A) Tenant is in default under dils Lease or (B) Tenant has previously been in default under Oils Lease more <br />than two tithes, Landlord may cancel Tenant's exercise of ilia Extension Option or the Right of First Offer with respect to the applicable Offered First <br />RlghtSpace, as applicable, by delivery of written notice to Tenant. <br />$01O'Ctrir Comer Or— 0a, n%Snore.Ane Leare .I Rxhibll s <br />80A-566 <br />
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