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FIRST AMERICAN TRUST COMPANY (S.T.C. CORPORATION
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Last modified
4/17/2025 1:52:33 PM
Creation date
9/5/2024 1:46:19 PM
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Contracts
Company Name
FIRST AMERICAN TRUST COMPANY (S.T.C. CORPORATION)
Contract #
A-1987-027
Agency
Public Works
Destruction Year
2009
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cent of the replacement cost thereof, Lessor may elect to terminate <br />this lease, whether.the demised premises be injured or not. A <br />total destruction of the building in which the said premises may <br />be situated shall terminate this lease. <br />22. ASSIGNMENT OR SUBLETTING: Lessee shall not assign this <br />lease, or.an interest therein, and shall not sublet the said premises <br />or any part thereof, or any right or privilege appurtenant thereto, <br />or suffer any other person (the agents and servants of Lessee <br />excepted) to occupy or use the said premises, or any portion therof, <br />without the written consent of Lessor first had and obtained, which <br />consent shall not be unreasonably withheld, and a consent to one <br />assignment, subletting, occupation, or use by another person shall <br />not be deemed to be a consent to any subsequent assignment, sub- <br />letting, occupation, or use by another person. Any such assignment <br />or subletting without such written consent shall be void, and shall, <br />at the option of Lessor, terminate this Lease. This Lease shall not, <br />nor shall any interest therein, be assignable, as to the.interest of <br />Lessee, by operation of law, without the written consent of Lessor. <br />23. INSOLVENCY, RECEIVER: Either (a) the appointment of a <br />receiver to take possession of all or substantially all of the <br />assets of Lessee, or (b) a general assignment by Lessee for the <br />benefit of creditors, or (c) any action taken or suffered by <br />Lessee under any insolvency or bankruptcy act shall constitute a <br />breach of this Lease by Lessee. <br />24. REMEDIES OF OWNER ON DEFAULT: In the event of any breach <br />of this Lease by Lessee, then Lessor besides other rights or re- <br />medies he may have, shall have the immediate right of re-entry and <br />may remove all persons and property from the premises; such property <br />may be removed and stored in a public warehouse or elsewhere at the <br />cost of, and for the account of Lessee. Should Lessor elect to rem. <br />enter, as herein provided, or should he take possession pursuant to <br />legal proceedings or pursuant to any notice provided by law, he may <br />either terminate this- Lease or he may from time to time without <br />terminating this Lease, re -let said premises or any part thereof <br />for such term. -or terms (which may be for a term extending beyond <br />the term"of this Lease) and at such reasonable rental or rentals <br />-12- <br />
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