My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
ILLUMINATION FOUNDATION & DYER 18, LLC
Clerk
>
Contracts / Agreements
>
I
>
ILLUMINATION FOUNDATION & DYER 18, LLC
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
7/14/2020 12:39:37 PM
Creation date
7/14/2020 12:32:19 PM
Metadata
Fields
Template:
Contracts
Company Name
ILLUMINATION FOUNDATION & DYER 18, LLC
Contract #
A-2020-131-01
Agency
COMMUNITY DEVELOPMENT
Council Approval Date
6/16/2020
Expiration Date
7/12/2035
Destruction Year
2040
Notes
A-2020-130
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
44
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
ADDENDUM TO <br />STANDARD INDUSTRIAL/COMMERCIAL SINGLE -TENANT LEASE -NET <br />FOR CERTAIN PREMISES COMMONLY KNOWN AS <br />1815 EAST CARNEGIE, SANTA ANA, CALIFORNIA 92705 <br />JULY 13, 2020 <br />This Addendum (this "Addendum") is being executed concurrently with and is made a part of that <br />certain lease titled "Standard Industrial/Commercial Single -Tenant -Net" dated July 13, 2020 (the "Form <br />Lease") by and between Dyer 18, LLC ("Lessor") and Illumination Foundation ("Lessee") and this <br />Addendum shall control in the event of any inconsistency with the provisions of such Form Lease. The <br />Section and Paragraph Numbers of this Addendum are new added Sections and Paragraphs to the Form <br />Lease. As used herein, the "Lease" shall mean the Form Lease as supplemented and amended by this <br />Addendum. Unless otherwise defined in this Addendum, any defined word contained in this Addendum <br />has the same meaning as it is defined in the Form Lease. <br />51. intentionally Omitted. <br />52. Rent Commencement. Notwithstanding anything to the contrary set forth in this Lease, Base Rent <br />shall commence, and the first monthly payment of Base Rent shall be paid, on the <br />Commencement Date. If the Commencement Date is not the first day of a calendar month, then <br />such first monthly payment of Base Rent shall be in an amount equal to the aggregate of a <br />prorated Base Rent payment (based on a 30 day month) from such day to the end of that calendar <br />month plus the amount of the full Base Rent payment for the next consecutive calendar month. <br />53. Rent Adiustments. On the first day of the 13°i month of the Term ("First Rent Adjustment Date"), <br />the monthly Base Rent payable under this Lease shall automatically increase by 3.0% from the <br />monthly Base Rent amount due and payable during the immediately preceding year. Thereafter, <br />on each anniversary of the First Rent Adjustment Date (each being a "Subsequent Rent <br />Adjustment Date") during the Term hereof, the monthly Base Rent payable under this Lease shall <br />Further automatically increase by 3.0% from the monthly Base Rent amount due and payable <br />during the immediately preceding year from the then last immediately preceding Subsequent Rent <br />Adjustment Date. <br />54. Lessee's Improvements. Notwithstanding anything to the contrary set forth in this Lease, all <br />Utility Installations, Trade Fixtures and Alterations, including Lessee Owned Alterations and/or <br />Utility Installations, shall be free and clear of any and all liens and/or encumbrances in favor of <br />any third -party and shall be available, without limitation, to secure Lessee's faithful performance <br />of its obligations as set forth in this Lease. Upon any default or breach of this Lease by Lessee <br />whereby Lessor elects to terminate the Lease, such Utility Installations, Trade Fixtures and <br />Alterations, including Lessee Owned Alterations and/or Utility Installations, shall remain upon <br />and be surrendered by Lessee to Lessor with the Premises, subject to Lessee's right to remove the <br />same, at Lessee's sole cost and expense, as set forth below. The Premises shall otherwise be <br />returned to Lessor in the same condition as of the date of this Lease, reasonable wear and tear <br />excepted. After the Commencement Date, and thereafter from time to time at the reasonable <br />request of Lessor, Lessee hereby agrees to execute certain security instruments, including, but not <br />limited to, a UCC Form -I or other filing, in order to create and/or perfect Lessor's security <br />interest in such Utility Installations, Trade Fixtures and Alterations, as set forth herein, which <br />security instruments will be prepared by Lessor and submitted to Lessee, and recorded by Lessor, <br />at Lessor's sole cost and expense. Upon any termination or earlier expiration of this Lease not <br />resulting from the default or breach of this Lease by Lessee, all Utility Installations, Trade <br />Fixtures and Alterations, including Lessee Owned Alterations and/or Utility Installations, located <br />12311947. 1/48581-00004 <br />
The URL can be used to link to this page
Your browser does not support the video tag.