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1030 Old Crystal Bay Road North - No PID
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Ground lease/sub lease
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Last modified
8/15/2023 7:19:50 AM
Creation date
3/15/2018 2:59:28 PM
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• <br /> 22 .5 In addition to all other remedies of Lessor, <br /> Lessor shall be entitled to reimbursement upon demand of all <br /> reasonable attorneys fees incurred by Lessor in connection with <br /> any Event of Default. <br /> 22 .6 Lessor shall in no event be considered to be in <br /> default of Lessor' s obligations hereunder until the expiration of <br /> a reasonable time after notice of default from Tenant. In the <br /> event of default by Lessor of its obligations under this Lease, <br /> Tenant shall be entitled to reimbursement of all reasonable <br /> attorneys' fees incurred by Tenant in connection with such <br /> default. <br /> 22 .7 If Tenant commits an Event of Default (or if any <br /> default exists and Lessor has good cause for action prior to <br /> expiration of Tenant' s grace period) , the Lessor may, but shall <br /> not be required to, make such payment or do such act, or correct <br /> any damage caused by such prohibited act and to enter the <br /> Premises as appropriate in connection therewith, and the amount <br /> of the expense thereof, if made or done so by Lessor, with <br /> interest thereon at eight percent (8%) per annum from the date <br /> paid by Lessor, shall be paid by Tenant to Lessor and shall <br /> constitute additional rent hereunder due and payable with the <br /> next monthly installment of rent; but the making of such payment <br /> or the doing of such act by Lessor shall not operate to cure such <br /> default or estop Lessor from the pursuit of any remedy of <br /> which Lessor would otherwise be entitled. <br /> 22 . 8 Upon the expiration of this Lease or the earlier <br /> termination of Tenant' s right to possession, Tenant shall <br /> immediately vacate the Premises and Facilities, remove all of its <br /> property therefrom, remove any Hazardous Materials installed, <br /> used, generated, stored or disposed of by Tenant, and leave the <br /> Premises and Facilities in the condition required by this Lease. <br /> Any property not removed shall be deemed abandoned, and Tenant <br /> shall be liable for all costs of removal. Should the Tenant <br /> continue to occupy the Premises and Facilities, or any part <br /> thereof, after the expiration or termination of the Term, whether <br /> with or without the consent of the Lessor, such tenancy shall be <br /> from month to month. If Tenant' s holdover is without the consent <br /> of Lessor, neither this Section nor the acceptance of any rent <br /> hereunder shall prevent Lessor from exercising any remedy to <br /> regain immediate possession of the Premises and Facilities. <br /> 23 . RESERVATION OF RIGHTS. Lessor and its agents shall <br /> have the right, during the last six (6) months of the term of <br /> this Lease or any extension thereof, to place and maintain on the <br /> Leased Premises or Facility reasonable signs advertising the <br /> availability of the Leased Premises or Facility to prospective <br /> tenants . <br /> 24 . QUIET ENJOYMENT AND SUBORDINATION. <br /> 24.1 Lessor warrants that it has unencumbered fee title <br /> to the Leased Premises. Lessor further warrants that it has the <br /> -10- <br />
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