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DELHI CENTER (3) - 2016
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DELHI CENTER (3) - 2016
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Last modified
5/18/2017 12:47:20 PM
Creation date
9/13/2016 12:34:05 PM
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Contracts
Company Name
DELHI CENTER
Contract #
A-2016-176
Agency
PARKS, RECREATION, & COMMUNITY SERVICES
Council Approval Date
7/5/2016
Expiration Date
9/6/2040
Insurance Exp Date
11/1/2017
Destruction Year
2045
Notes
A-2000-154
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Section 6.07, RESERVED <br />Section 6.08. RESERVED <br />Section 6.09. RESERVED <br />Section 6.10. RESERVED <br />Section 6.11. Lender as Including Subsequent Security Holder <br />The term "Lender" as used in this lease shall mean not only the institutional lender that loaned money <br />to Tenant and is named as beneficiary, mortgagee, secured party, or security holder in the Security Instrument <br />creating any Leasehold Encumbrance, but also all subsequent purchasers or assignees of the leasehold interest <br />secured by the Leasehold Encumbrance. <br />Section 6.12. Two or More Lenders <br />In the event two or more Lenders each exercise their rights under this lease and there is a conflict that <br />renders it impossible to comply with all requests of Lenders, the Lender whose Leasehold Encumbrance <br />would have senior priority in the event of a foreclosure shall prevail. <br />ARTICLE 7 <br />REPAIRS AND RESTORATION <br />Section 7.01. Maintenance by Tenant <br />At all times during the term of this lease Tenant shall, at Tenant's own cost and expense, keep and <br />maintain or cause to be maintained the Premises and all Improvements thereon (including but not limited to the <br />Community Center) in good working order, condition and appearance. Tenant shall make all reasonable and <br />necessary repairs, replace broken, damaged or worn structural components or fixtures so as to keep the <br />Community Center in a safe, usable condition, and perform housekeeping operations as required, so as to keep the <br />premises and Improvements clean, attractive and free from the accumulation of any litter, garbage, debris or waste <br />material. <br />If, at any time, Tenant fails to maintain or cause to be maintained the Premises as required by this section, <br />and said condition is not corrected after the expiration of a reasonable period of time not to exceed thirty (3 0) days <br />from the date of written notice from Landlord, Landlord may perform the necessary maintenance and Tenant shall <br />pay all costs incurred for such maintenance. <br />Section 7.02. Requirements of Qovernmental Agencies <br />At all times during the term of this lease, Tenant, at Tenant's own cost and expense, shall do all of the <br />following: <br />(a) Make all alterations, additions, or repairs to the Premises or the Improvements an the Premises <br />required by any valid law, ordinance, statute, order, or regulation now or hereafter made or issued by any <br />federal, state, county, local, or other governmental agency or entity; <br />(b) Observe and comply with all valid laws, ordinances, statutes, orders, and regulations now or <br />hereafter made or issued respecting the Premises or the Improvements on the Premises by any federal, state, <br />county, local, or other governmental agency or entity; <br />25R-11 <br />
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