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COMMUNITY DEVELOPMENT AGENCY-2008
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COMMUNITY DEVELOPMENT AGENCY-2008
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Last modified
1/3/2012 3:11:13 PM
Creation date
10/21/2008 10:14:44 AM
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Contracts
Company Name
COMMUNITY DEVELOPMENT AGENCY
Contract #
A-2007-296
Agency
COMMUNITY DEVELOPMENT
Council Approval Date
3/19/2007
Destruction Year
0
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Landlord (if the proposed transferee causes its statements to be so audited in its normal course of business), <br />together with detailed and complete information about the business of the proposed assignee, including its <br />experience in operating community centers, the use to be made of the Premises and Improvements by the <br />proposed assignee, projections by the proposed assignee of the sources of funds to be used to repay any <br />indebtedness of Tenant that the proposed assignee will assume or take subject to, or agree to pay to Tenant, <br />and other claims on and requirements for those funds, together with any other information as Landlord may <br />reasonably require to assist Landlord in determining whether or not the proposed assignee is so qualified. <br />Landlord shall have sixty (60) days after receipt of the information described above to notify Tenant of <br />whether it consents or does not consent to the proposed assignment or sublease. A consent by Landlord to one <br />assignment or sublease shall not be deemed to be a consent to any subsequent assignment or sublease. Any <br />assignment or sublease made contrary to the terms of this Section shall be null and void unless otherwise <br />permitted by this Article. <br />Section 10.02. Leasehold Encumbrances and Subsequent Transfers <br />Notwithstanding the provisions of Section 10.01 of this lease, Tenant may without the prior written <br />consent of Landlord transfer and assign all Tenant's interest under this lease and Tenant's leasehold estate <br />created under this lease to a Lender under a Leasehold Encumbrance (as defined in Section 6.01 of this lease). <br />Any transfer, conveyance, or assignment resulting from a foreclosure or acceptance of a deed in lieu of <br />foreclosure by any Lender (as defined in Section 6.01 of this lease), or any transfer, conveyance, or <br />assignment by any Lender following its acquisition of this lease and the leasehold estate of Tenant created by <br />this lease as a result of foreclosure or acceptance of a deed in lieu of foreclosure shall not require the prior <br />consent of Landlord, but shall comply with section 6.06 of this Lease. <br />ARTICLE 11 <br />DEFAULT AND REMEDIES <br />Section 11.01. Continuation of Lease in Effect <br />Should Tenant breach this lease and abandon the Premises before the natural expiration of the lease's <br />term, Landlord may continue this lease in effect by not terminating Tenant's right to possession of the <br />Premises, in which event Landlord shall be entitled to enforce all Landlord's rights and remedies under this <br />lease, including the right to recover the rent specified in this lease as it becomes due under this lease. <br />Section 11.02. Termination and Unlawful Detainer <br />In the event of a tenant default under this lease, Landlord may terminate this lease by written notice to <br />Tenant and may also do the following: <br />A. Bring an action to recover the following from Tenant: <br />(1) The worth at the time of award of the unpaid rent that had been earned at the time of <br />termination of the lease; or <br />(2) Any other amount necessary to compensate Landlord for all detriment proximately <br />caused by Tenant's failure to perform Tenant's obligations under this lease; and <br />B. Bring an action, in addition to or in lieu of the action described in subparagraph (a) of this <br />Section, to reenter and regain possession of the Premises in the manner provided by the laws of unlawful <br />detainer of the State of California then in effect. <br />13 <br />
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