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THRIVE SANTA ANA, INC. (4)
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THRIVE SANTA ANA, INC. (4)
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Last modified
12/29/2022 9:23:43 AM
Creation date
12/29/2022 9:22:45 AM
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Contracts
Company Name
THRIVE SANTA ANA, INC.
Contract #
A-2020-044-01
Agency
Community Development
Council Approval Date
3/3/2020
Insurance Exp Date
1/1/1900
Destruction Year
0
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9.3.3. Early Delivery of Possession. Tenant may continue to occupy the Premises <br />and Improvements until the Condemnor takes physical possession. At any time following Notice <br />of Intended Condemnation, Tenant may in its sole discretion, elect to relinquish possession of the <br />Premises to Lessor before the actual Taking. The election shall be made by notice declaring the <br />election and agreeing to pay all Rent required under this Lease to the Date of Taking. Tenant's <br />right to apportionment of or compensation from the Award shall then accrue as of the date that the <br />Tenant relinquishes possession. <br />9.3.4. Apportionment of Award. On a Total Taking all sums, including damages <br />and interest, awarded for the fee or leasehold or both shall be distributed and disbursed as finally <br />determined by the court with jurisdiction over the Condemnation proceedings in accordance with <br />applicable law. Notwithstanding anything herein to the contrary, Tenant shall be entitled to receive <br />compensation for the value of its leasehold estate under this Lease including its fee interest in all <br />Improvements, personal property and trade fixtures located on the Premises, its relocation and <br />removal expenses, its loss of business goodwill and any other items to which Tenant may be <br />entitled under applicable law. <br />9.4 Partial Taking. <br />9.4. L Effect on Rent. On a Partial Taking this Lease shall remain in full force and <br />effect covering the remainder of the Premises and Improvements, and Tenant shall not be entitled <br />to any refund of the Rent. <br />9.4.2. Restoration of Improvements. Promptly after a Partial Taking, Tenant shall <br />repair, alter, modify or reconstruct the Improvements ("Restoring") so as to make them reasonably <br />suitable for Tenant's continued occupancy for the uses and purposes for which the Premises are <br />leased. <br />9.4.3. Apportionment of Award. On a Partial Taking, Lessor shall be entitled to <br />receive the entire award for such Partial Taking, except that (i) the proceeds of such Partial Taking <br />shall first be applied towards the cost of Restoring the Premises pursuant to Section 9.4.2 and (ii) <br />Tenant shall be entitled to receive any portion of such award allocated to Tenant's interest in any <br />of Tenant's Improvements, Personal property and trade fixtures taken, and any part of the award <br />attributable to the low income housing tax credits. <br />9.5 Waiver of Termination Rights. Both Parties waive their rights under Section <br />1265. t 30 of the California Code of Civil Procedure (and any successor provision) and agree that <br />the right to terminate this Lease in the event of Condemnation shall be governed by the provisions <br />of this Article IX. <br />ARTICLE X <br />ASSIGNMENT, SUBLETTING AND ENCUMBERING <br />10.1 General. Except as provided in Sections 10.3, Tenant shall not mortgage, pledge, <br />hypothecate, encumber, transfer, sublease Tenant's interest in this Lease or assign (including an <br />assignment by operation of law) Tenant's interest in the Premises or Improvements or any part or <br />Page125 <br />
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