DELHI CENTER - GROUND LEASE-2000

Home Browse Search

Section 6.07. RESERVED Section 6.08. RESERVED Section 6.09. RESERVED Section 6.10. RESERVED Section 6.11. Lender as Including Subsequent Security Holder The term "Lender" as used in this lease shall mean not only the institutional lender that loaned money to Tenant and is named as beneficiary, mortgagee, secured party, or security holder in the Security Instrument creating any Leasehold Encumbrance, but also all subsequent purchasers or assignees of the leasehold interest secured by the Leasehold Encumbrance. Section 6.12. Two or More Lenders In the event two or more Lenders each exercise their rights under this lease and there is a conflict that renders it impossible to comply with all requests of Lenders, the Lender whose Leasehold Encumbrance would have senior priority in the event of a foreclosure shall prevail. ARTICLE 7 REPAIRS AND RESTORATION Section 7.01. Maintenance by Tenant At all times during the term of this lease Tenant shall, at Tenant's own cost and expense, keep and maintain or cause to be maintained the Premises and all Improvements thereon (including but not limited to the Community Center) in good working order, condition and appearance. Tenant shall make all reasonable and necessary repairs, replace broken, damaged or worn structural components or fixtures so as to keep the Community Center in a safe, usable condition, and perform housekeeping operations as required, so as to keep the premises and Improvements clean, attractive and free from the accumulation of any litter, garbage, debris or waste material. If, at any time, Tenant fails to maintain or cause to be maintained the Premises as required by this section, and said condition is not corrected after the expiration of a reasonable period of time not to exceed thirty (30) days from the date of written notice from Landlord, Landlord may perform the necessary maintenance and Tenant shall pay all costs incurred for such maintenance. Section 7.02. Requirements of Governmental Agencies At all times during the term of this lease, Tenant, at Tenant's own cost and expense, shall do all of the following: (a) Make all alterations, additions, or repairs to the Premises or the Improvements on the Premises required by any valid law, ordinance, statute, order, or regulation now or hereafter made or issued by any federal, state, county, local, or other governmental agency or entity; (b) Observe and comply with all valid laws, ordinances, statutes, orders, and regulations now or hereafter made or issued respecting the Premises or the Improvements on the Premises by any federal, state, county, local, or other governmental agency or entity;