My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
Development Agreement relating to Orono Woods Apartments 4-30-01
Orono
>
Property Files
>
Street Address
>
W
>
Wayzata Boulevard West
>
2040 Wayzata Boulevard West - 34-118-23-21-0036 - (Orono HRA)
>
Land Use
>
2040 Wayzata Blvd Land Use - Dunbar
>
DUNBAR Project - File cabinet 1
>
Development Agreement relating to Orono Woods Apartments 4-30-01
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
8/22/2023 4:55:41 PM
Creation date
10/18/2021 10:32:45 AM
Metadata
Fields
Template:
x Address Old
House Number
2040
Street Name
Wayzata
Street Type
Boulevard
Street Direction
West
Address
2040 Wayzata Boulevard West
Document Type
Land Use
PIN
3411823210036
Supplemental fields
ProcessedPID
Updated
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
55
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
pays to Landlord all of Landlord's expenses (including <br /> reasonable attorneys' fees) incidental thereto, and(iv) Holder <br /> pays all Rent accrued as of the date of rejection or <br /> disaffirmance, then Landlord shall execute and deliver a new <br /> lease with Holder or its nominee, purchaser, assignee or <br /> transferee, as the case may be, for the remainder of the Term <br /> with the same terms as are contained herein except for charges <br /> and encumbrances caused or suffered by Tenant. <br /> b) Any new lease entered into pursuant to this <br /> Section 6.4 shall be superior to all rights, liens and interest <br /> intervening between the date of this Lease and the date of such <br /> new lease. Upon the request of the new tenant, Landlord shall <br /> execute and deliver a memorandum of the new lease in <br /> recordable form so that notice of the new lease may be placed of <br /> record by the new tenant. <br /> b) The rights hereunder of Holders shall be <br /> exercisable by such Holders in the order of the priority of lien or <br /> other security interest of their respective Mortgages. <br /> c) At Tenant's expense, upon written request of <br /> Tenant, any Holder, or any prospective Holder, Landlord shall <br /> deliver to them or any of them a separate written instrument <br /> signed and acknowledged by Landlord setting forth and <br /> confirming the provisions of this Section 6.4, and <br /> acknowledging to them or any of them in writing the receipt by <br /> Landlord of any notice or instrument given, sent or delivered to <br /> Landlord pursuant to the provisions of this Section 6.4. <br /> d) When a new lease is entered into such Holder or <br /> (if reasonably approved by Landlord pursuant to the <br /> Development Agreement) its designee (such holder or designee <br /> the "Acquiring Holder," and the Mortgage of such Acquiring <br /> Holder the "Acquiring Holder's Leasehold Mortgage"), the liens <br /> on and estates and other interests in the Development Property <br /> or this Lease of all persons holding directly or indirectly under <br /> or through Tenant (including the Acquiring Holder's Leasehold <br /> Mortgage), other than liens, estates and interests which are <br /> subordinate to the Acquiring Holder's Leasehold Mortgage, <br /> shall immediately and without documentation continue in effect, <br /> attach to the new lease and be reinstated as to each other to the <br /> same extent, and in the same manner, order and priority, as if(i) <br /> the new lease were this Lease, (ii) this Lease had not been <br /> terminated, and(iii)the Acquiring Holder had acquired the <br /> leasehold estate under this Lease by assignment on the date the <br /> term of the new lease commences. Each lien, estate or interest <br /> which could have been extinguished by the foreclosure of the <br /> Acquiring Holder's Leasehold Mortgage shall be deemed to be <br /> subordinate to the Acquiring Holder's Leasehold Mortgage. <br /> e) Notwithstanding any provision of this Section 6.4 <br />
The URL can be used to link to this page
Your browser does not support the video tag.