My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
SANTA ANA - WORK CENTER
Clerk
>
Contracts / Agreements
>
S
>
SANTA ANA - WORK CENTER
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
5/22/2019 4:05:10 PM
Creation date
5/22/2019 1:07:19 PM
Metadata
Fields
Template:
Contracts
Company Name
SANTA ANA - WORK CENTER
Contract #
A-2019-070-01
Agency
COMMUNITY DEVELOPMENT
Council Approval Date
5/7/2019
Expiration Date
6/30/2022
Destruction Year
2027
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
95
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
Schedule ".J-1" <br />Extension Options <br />I. Onmt of Option. Subject to all of the terns and conditions of this Schedule "J-I", in connection with Tenant's lease of die Premises, <br />Tenant shall have two (2) options (each an "Extension Option") to extend the term of this Lease as to the entire Premises then subject to this Lease, <br />each for an additional term (each "Extension Term") of sixty (60) months, subject to and upon the temps and conditions contained in this Schedule <br />'•1_I ". The Extension Temi shall commence upon the day immediately following the than scheduled Expiration Dale, and shall be upon the same <br />terms and conditions as are provided for in his Lease, as then amended, except that: (a) if Tenant falls to timely exercise die Extension Option, the <br />Extension Option (and any other rights to extend or renew the Tenn) shall lapse and Tenant shall have no further right to extend die Tenn or the <br />Lease, (b) there shall be no further options to extend die Term pursuant to this Schedule `9-I" or otherwise following the second (2"a) Extension <br />Tenn, (a) Tenant shall not be entitled to any credit against Rent or any other rent concession or rent allowance or abatement of Rent, except as <br />specifically provided in the definitimi of the FMRR, (d) die Base Rent for die Extension Term shall be as provided in Section 3 of this Schedule "1- <br />IJ' end (e) the Base Year for the Extension Temi shall be the calendar year in which die Extension Term commences. <br />2 Exercise. An Extension Option may be exercised only by Tenant giving written notice of exercise (an "Extension Notice'") to Landlord on <br />or before the date that is not more than twelve (12) and not less than nine (9) months prior to die then scheduled Expiration Date. If Tenant does not <br />deliver an Extension Notice to Landlord within the time period set forth above (time being of die essence), then Tenant shall be deemed to have <br />forever waived and relinquished die Extension Option, and any other options or rights to renew or extend the Term effective after the then Expiration <br />Date shall terminate. <br />3 Annual Base Rent. The Bose Rent payable for the Premises during an Extension Temi (the "Extension Term Bose Rent") shall be equal <br />to (a) the Rentable Area of the Premises then subject to this Lease, multiplied by (b) the FMRR of the Premises as of die first day (an "Adjustment <br />Date") of such Extension Term, and shall be determined as follows. <br />3.1 1rTenant duly exercises the Extension Option, Landlord shall within thirty (30) days thereafter, deliver to Tenant n written notice <br />(a "M urhet Rent Notice") or Landlord's determination of what Landlord then believes the FMRR (and Extension Terri Base Rent) would be for the <br />Premises during die Extension Term. <br />3.2 Within ten (10) days after Tenant's receipt of a Market Rent Notice, Tenant shall deliver to Landlord written notice (a "Market <br />Rent Response Notice") electing either. (a) to accept the FMRR (and Extension Term Base Rent) set forth in the Market Rent Notice, in which case <br />the FMRR (mid Extension Tenn Base Rent) shall be as set forth in the Markel Rent Notice, or (b) to reject Landlord's determination of the FMRR <br />(and Extension Term Base Rent), in which case the FMRR (arid Extension Term Base Rent) shall be determined in accordance with Schedule "J.3". <br />3.3 If Tenant fails to deliver Tenant's Market Rent Response Notice within ten (10) days after its receipt of a Market Rent Notice (or <br />Calls in its Market Response Notice to expressly reject Landlord's determination of the FMRR (and Extension Term Base Rent) set forth in a Market <br />Rent Notice), Tenant shall conclusively be deemed to have accepted Landlord's determination of the FMRR (and Extension Term Base Rent) set <br />foitth in the Market Rent Notice. <br />801 {I'Cirdr Ceuler Or—Cilr'nf.Smrrrr .Inn Lntre -?- Exhibit J <br />
The URL can be used to link to this page
Your browser does not support the video tag.