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DELHI CENTER - GROUND LEASE-2000
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DELHI CENTER - GROUND LEASE-2000
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6/17/2014 1:23:59 PM
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Company Name
DELHI CENTER
Contract #
a-2000-154
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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. <br />Section 10.03. Tenant's Right to Sublease <br />Tenant shall have the right to sublease all or any portion of the Premises from time to time, and at all <br />times during the term of this lease, without Landlord's consent; provided, however, that the following <br />conditions are met: <br />(a) The term of any sublease shall not extend beyond the term of this lease; <br />(b) Any and all subleases shall be expressly made subject to all of the terms, covenants, and conditions <br />of this lease; and <br />(c) Any subtenant shall be required to attorn to Landlord in the event of Tenant's default under this <br />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 termination of <br />the lease; or <br />(2) Any other amount necessary to compensate Landlord for all detriment proximately caused by <br />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 Section, to <br />reenter and regain possession of the Premises in the manner provided by the laws of unlawful detainer of the <br />State of California then in effect. <br />Section 11.03. Breach and Default by Tenant <br />All covenants and agreements contained in this lease are declared to be conditions to this lease and to <br />the term hereby leased to Tenant. Should Tenant fail to perform any provision, covenant, condition, or <br />agreement contained in this lease and the default is not be cured within 30 days after written notice of the <br />default is served on Tenant by Landlord, then Tenant shall be in default under this lease. <br />
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