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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 1A <br />Wit BIT'U" <br />OPTIONS <br />This Exhililt " " consists of die Rrliowing Schedules: Schedule '9-1" (Extension Optlon[s]); Schedule 0 -L' (Additional Space Opdon[s]); and <br />Schedule "1.3" (Determination of FMRR), all of which are incorporated herein by this reference. Notwithstanding anything to die contrary in this <br />Lease: (a) all of the rights and options ofTenunl that are described In this I t""(collectively, the "Options") are and shall be personal to the <br />Original Tenant, are not transferable and may only be exercised by the Original Tenant (and net by any assignee, sublessee or other Transferee or <br />Tennnt's 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 tha contrary In this Lease, at the election of <br />Landlord (in its sole and absolute discretion): (1) any attempted exercise by Tenant of the Extension Option.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 />under this Lease more than two times, and (ii) if as of the date [list the Extension Dption or Tenwit's lease crony Leased First Right Space (defined <br />below) would olherwiso commence: (A) Tenant is in default under this Lease or (B) Tenant has previously been In default under ails 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 of written notice to Tenant. <br />901 Po'OvIe Leave . L Eahibii J <br />
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