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04-24-2017 Council Work Session Packet
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04-24-2017 Council Work Session Packet
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5.5 Further Assurances. Landlord agrees to execute such amendments to this <br />Lease and further agreements as may reasonably be requested by any Holder, provided such <br />amendments and further agreements do not impose any material obligations or liabilities <br />upon Landlord, or affect the rights of Landlord hereunder in any material respect. <br />5.6 Termination of Lease. No cancellation, surrender, abandonment, acceptance <br />of surrender or modification or amendment of this Lease shall be binding upon any Holder or <br />affect the lien of any Mortgage if done without the prior written consent of said Holder <br />(provided (x) that no consent shall be required to a surrender on the Termination Date or <br />earlier termination hereof, and (y) consents to any modification or amendment to this Lease <br />shall not be unreasonably withheld or delayed by such Holder). <br />ARTICLE 6 <br />ASSIGNMENT AND SUBLETTING <br />6.1 Assiximents. Tenant and its successors and assigns shall not assign or sublet <br />all or substantially all of Tenant's interest in this Lease or the Development without the prior <br />written consent of Landlord, except as otherwise provided in (a) the Development <br />Agreement, (b) Article 5 hereof, or (c) Section 6.2 hereof. <br />6.2 Subleases. <br />(a) Tenant may enter into subleases of the housing in the Improvements as <br />provided in the Development Agreement without the need for Landlord <br />consent. <br />(b) Units in the Development may be subleased only for purposes of residential <br />housing and no unit may be subleased to a person under 62 years of age. <br />6.3 Other Agreements. Tenant may enter into the Financing Documents and such <br />other agreements affecting the Development Property as are contemplated by the <br />Development Agreement. <br />ARTICLE 7 <br />END OF TERM <br />7.1 Surrender. Upon termination of this Lease or of Tenant's right of possession <br />of the Development Property, Tenant shall immediately quit and surrender possession of the <br />Development to Landlord in its then condition. <br />9.3 <br />
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