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EAST END REALTY PARTNERS, LP (2)
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EAST END REALTY PARTNERS, LP (2)
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Last modified
3/2/2021 9:52:23 AM
Creation date
11/2/2020 9:18:58 AM
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Contracts
Company Name
EAST END REALTY PARTNERS, LP
Contract #
A-2018-140
Agency
Community Development
Council Approval Date
6/5/2018
Expiration Date
6/5/2028
Insurance Exp Date
3/1/2021
Destruction Year
2033
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(b) Terminate this Agreement and Tenant's rights to use the Lease Area and recover <br />from Tenant: (i) the worth at the time of award of unpaid Compensation which had <br />been earned at the time of termination; (ii) the worth at the time of award of the <br />amount by which the unpaid Compensation which would have been earned after <br />termination until the time of award exceeds the amount of such compensation loss <br />that Tenant proves could have been reasonably avoided; (iii) the worth at the time <br />of award of the amount by which the unpaid Compensation for the balance of the <br />current Term after the time of award exceeds the amount of such compensation loss <br />that Tenant proves could be reasonably avoided; and (iv) any other amount <br />necessary to compensate Lessor for all the detriment proximately caused by <br />Tenant's failure to perform its obligations under this Lease. The worth at the time <br />of award of the amount referred to in provision (iii) of the immediately preceding <br />sentence shall be computed by discounting such amount at the discount rate of the <br />Federal Reserve Bank of San Francisco at the time of award plus one percent. <br />Section 6.03 Unlawful Detainer <br />Should Tenant default in the performance of any of the terms, conditions, or obligations contained <br />in this Agreement, after any applicable notice and cure period, Landlord may, in addition to the <br />remedies specified in Section 6.02 of this Lease, re-enter and regain possession of the Lease Area <br />in the manner provided by the laws of unlawful detainer of the State of California then in effect. <br />Section 6.04 Insolvency of Tenant <br />The insolvency of Tenant as evidenced by a receiver being appointed to take possession of all or <br />substantially all of the property of Tenant, or the making of a general assignment for the benefit <br />of creditors by Tenant, or the filing of a petition in bankruptcy shall terminate this Agreement and <br />entitle Landlord to re-enter and regain possession of the Lease Area. <br />Section 6.05 Cumulative Remedies <br />The remedies given to Landlord in this Agreement shall not be exclusive, but shall be cumulative <br />and in addition to all remedies now and hereafter allowed by law. <br />Section 6.06 Waiver of Breach <br />The waiver by Landlord of any breach by Tenant of any of the provisions of this Agreement shall <br />not constitute a continuing waiver or a waiver of any subsequent breach by Tenant either of the <br />same or another provision of this Agreement. <br />(continued on next page) <br />
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