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NEWPORT ASSET MANAGEMENT GROUP, LLC. 1 - 2015
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NEWPORT ASSET MANAGEMENT GROUP, LLC. 1 - 2015
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Last modified
4/1/2016 2:35:55 PM
Creation date
8/31/2015 1:07:23 PM
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Contracts
Company Name
NEWPORT ASSET MANAGEMENT GROUP, LLC.
Contract #
N-2015-138
Agency
POLICE
Expiration Date
6/30/2018
Destruction Year
2023
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B. Either party may terminate this Agreement with thirty (30) days written notice <br />without cause. <br />ARTICLE 6 — ASSIGNMENT, ABANDONMENT, DEFAULT, INSOLVENCY <br />Section 6.01 Assignment <br />Tenant shall not, either voluntarily or by operation of law, assign, transfer, mortgage, <br />pledge, or encumber this lease or any interest therein, and shall not sublet said Premises <br />or any part thereof, or any right or privilege appurtenant thereto, or allow any other <br />person (the employees, agents, servants, and invitees of Tenant excepted) to occupy or <br />use said Premises, or any portion thereof, without the prior written consent of the <br />Landlord. <br />Section 6.02 Default by Tenant <br />Should Tenant default in the performance of any of the terms, conditions, or obligations <br />contained in this Agreement, Landlord may re-enter and regain possession of the <br />Premises in the manner provided by the laws of unlawful detainer of the State of <br />California then in effect. <br />Section 6.03 Insolvency of Tenant <br />The insolvency of Tenant as evidenced by a receiver being appointed to take possession <br />of all or substantially all of the property of Tenant, or the making of a general assignment <br />for the benefit of creditors by Tenant, or the filing of a petition in bankruptcy shall <br />terminate this Agreement and entitle Landlord to re-enter and regain possession of the <br />Premises. <br />Section 6.04 Cumulative Remedies <br />The remedies given to Landlord in this Agreement shall not be exclusive, but shall be <br />cumulative and in addition to all remedies now and hereafter allowed by law or elsewhere <br />provided in this Agreement. <br />Section 6.05 Waiver of Breach <br />The waiver by Landlord of any breach by Tenant of any of the provisions of this <br />Agreement shall not constitute a continuing waiver or a waiver of any subsequent breach <br />by Tenant either of the same or another provision of this Agreement. <br />
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