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CSU FULLERTON (FORMERLY FULLERTON FOUNDATION)-2011
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CSU FULLERTON (FORMERLY FULLERTON FOUNDATION)-2011
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Last modified
6/9/2014 1:02:54 PM
Creation date
1/10/2012 8:56:51 AM
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Contracts
Company Name
CSU FULLERTON (FORMERLY FULLERTON FOUNDATION)
Contract #
A-2011-260
Agency
COMMUNITY DEVELOPMENT
Council Approval Date
12/5/2011
Destruction Year
0
Document Relationships
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of the Operating Surplus which is not transmitted to Landlor3 <br />pursuant to subsection (e) of this section shall be used by Tenant <br />to pay for Actual operating Costs incurred by Tenant in the <br />following Lease Year. <br />(g) Access to records_ <br />Tenant shall maintain accurate records of all Actual Operating <br />Costs incurred and all Operating Revenue received in each Lease <br />Year, and shall maintain such records for at least five (5) years <br />following the end of the Lease Year to which they pertain. <br />Landlord shall be entitled to access to such records during the <br />normal business hours of Tenant for the purpose of inspecting the <br />same. <br />17. DEFAULT. <br />(a) Abandonment and vacation of the Premises by Tenant shall <br />constitute a default and breach of this Agreement by Tenant. <br />(Failure to occupy the Premises for fourteen (14) consecutive days <br />shall be deemed an abandonment and vacation). <br />(b) Failure by Tenant to perform any provision of this <br />Agreement shall constitute a default and breach of this Agreement <br />by Tenant, if the failure to perform is not cured within thirty <br />(30) days after written notice thereof has been given to Tenant by <br />Landlord. If the default cannot reasonably be cured within said <br />thirty (30) day period, Tenant shall not be in default under this <br />Agreement if Tenant commences to cure the default within the thirty <br />(30) day period and diligently prosecutes the same to completion. <br />(c) Failure by Landlord to perform any provision of this <br />Agreement shall constitute a default and breach of this Agreement <br />by Landlord, if the failure to perform is not cured within thirty <br />(30) days after written notice thereof has been given to Landlord <br />by Tenant. Sf the default cannot reasonably be cured within said <br />thirty (30) day period, Landlord shall not be in default under this <br />Agreement if Landlord commences to cure the default within the <br />thirty (30) day period and diligently prosecutes the same to <br />completion. <br />(d) Notices given under this paragraph shall specify the <br />alleged default and the applicable lease provisions, and shall <br />demand that the defaulting party perform the provisions of this <br />Agreement within the applicable period of time. <br />(e) In the event of a default and failure to cure in <br />accordance with this section, the non - defaulting party shall have <br />the option of= <br />(1) Terminating this Agreement; or <br />14 <br />
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