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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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and concerning the validity hereof and questions relating to <br /> performance hereunder shall be adjudged and resolved in <br /> accordance with the laws of that state, notwithstanding the fact <br /> that one or more of the parties now is or may hereafter become a <br /> resident of a different state. <br /> 30 . HEADINGS. The headings of the paragraphs and <br /> subparagraphs of this Lease are for convenience of reference only <br /> and do not form a part hereof and shall not be interpreted or <br /> construed to modify, limit or amplify such paragraphs and <br /> subparagraphs. <br /> 31. PARTIES IN INTEREST. This Lease shall inure to the <br /> benefit of and be binding upon the heirs, executors, <br /> administrators, successors and assigns of Lessor; and shall inure <br /> to the benefit of, and be binding upon the successors and assigns <br /> of Tenant. <br /> 32 . COOPERATION IN DEVELOPMENT BY LESSOR; RELOCATION. <br /> Tenant acknowledges that Lessor may, at its election and without <br /> obligation, develop the properties adjacent or located within the <br /> proximity of the Premises. Tenant shall use its best efforts to <br /> cooperate reasonably with Lessor in connection with any such <br /> development from time to time during the term of this Lease. <br /> Tenant, however, shall not be obligated to incur any actual out- <br /> of-pocket costs, but shall not be entitled to any reimbursement <br /> for staff or other employees of Tenant. Lessor shall also have <br /> the right to relocate the Premises and Facility to land adjacent <br /> to or located within the vicinity of the Premises, provided that <br /> Lessor shall provide no less than 120 days prior written notice <br /> to Tenant and such relocation shall not be at the expense of <br /> Tenant. In the event of such relocation, Lessor shall also <br /> reconstruct the Facilities on the relocated Premises, at Lessor' s <br /> expense. <br /> 33 . NO SIGNS . Tenant shall not place or permit to be <br /> placed any sign on the Premises or Facility without first <br /> obtaining Lessor' s prior written approval, which shall be at <br /> Lessor' s sole discretion. <br /> 34 . EARLY TERMINATION. Provided that Lessor is not in <br /> default and there is no event which with the passage of time may <br /> constitute a default by Tenant under this Lease, Tenant shall <br /> have the right to terminate this Lease by providing to Lessor <br /> thirty (30) days of prior written notice of termination in the <br /> event that the Facility Lease is terminated. Notwithstanding <br /> such termination, Tenant shall not be released from any liability <br /> or obligation of Tenant under this Lease. <br /> • <br /> -13- <br />
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