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20D - AA - OC FLOOD CNTRL LEASE - EDNA PRK
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11/17/2008
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20D - AA - OC FLOOD CNTRL LEASE - EDNA PRK
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Last modified
1/3/2012 4:26:41 PM
Creation date
11/10/2008 4:45:20 PM
Metadata
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City Clerk
Doc Type
Agenda Packet
Item #
20D
Date
11/17/2008
Destruction Year
2013
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~. (a) "fhe making by '1`1~?L1r1N'I of any gerrerLtl assn nnlent for t11c bonefit of ~reditc)rs:. <br />(b) a case is conrrnenced by or against'I'INAIv'"f under C~hapte:rs 7, 1 I or 1 s o:i`the <br />I3arlkruptcy Code, 'fide 1 l of the Lilitecl Stats Code as now ir1 force or hereafter <br />amended and if so corlrmerlce,d against 11.;NAN'1', the sarrrc is trot dismissed within <br />sixty (tr()) da}=s of such cc)rlinlencc:ment: <br />(c} the appointment of a trustee or receiver to take possession of ~ubstantiali~° all. c)f <br />`1'lai~l:~l\?,l`,S assets Located at the Premises or u#"f1:Nt~,N"f'S interest. in this Lease. <br />t~~here such seizure is not discharged within thirty (~0~) days; or <br />{d} TENON"f' S convening of a tlreeting of its creditors or any class thereto#' Liar the <br />purpose: o#~ effec;ting a moratorium upon c)r composition of its debts. In the event o#' <br />any suc11 default, neither t11is I..case nor any interests of"I'E'.'~IANT in and to the <br />Premises shall #as:ccme tin asset in an~° o#'su~h proceedings and., in s-ny such ~vc.nt <br />and in addition to ~u1}r =end all rights or re;rrredies of the ISIS°fKIC`I' lrerc:unde:r car by <br />law; provided, it shall be la~~-#itl for the: I31S'1.RI(:"f to declare the term 11e:reol' ealcled <br />acrd to re-enter the. Premises and. take; possession tiremcaf and retrlove all persons <br />there#'rom. and TENANT and its creditors (,other than i3I5"I`KIC"I') shall have no <br />further claim drerc:an or heretrtlder. <br />13. Reelnedies <br />In the event cif` any de#ault by 'l'1.<N.AN`1', then, in adc{ition to airy c)ther remedies avaiiahile to <br />13IS`I'RIC;T at law t)r in equity, DIS'fRIC'"1' tray exercise the #E)llo~vint; remedies: <br />1. #)ISTIZIC"I" may terminate this lease and ail. rights of='I7-N,~.N~I' hcr~,unc~er br- giving <br />written tlotict: c)#'such temlination to TENANT. In the 4vent tklat 13I~`l`ltl{'"1` shah so <br />elect tea terminate this I.,ease. then 1)15-1`R1C:"I` may recover i:zc3tlr ~I I?NA~ti"1': <br />(a) ~l`he ~~-orth at the time of ati~~ard of tlrc rurpaid rent and t)the'r charges, ~~~11ich 11ad bean <br />earned as c)f the date c)f the termination 1lerec)f: <br />(b? ~1t1y other anrc~unt n~~;essary to corlip~ns4rto I3IS'fRIC'"f #or all the detrimerrt <br />proximately caused. by °I`I~:NAN"1"S failure tea perform its obligations Lender this I.,ease <br />err which in the ordirrary course ofthings would be likely to result. there.#i-om, <br />nlCludrng, bUt not lrnlrted tC), the e:tast t)# Te;LOVC;rrr'r~ IX>sSe5stC711 o~t11e', I~rE:rlilses, <br />expenses ofrelettirlg, including necessary repair, rerrcrvation anal alteration of the <br />I'remiscrs, reasonable attornc.ti s` #ees, e.~pert witness costs, grad arty other rc;asc)nabie <br />costs; and <br />Vic} Ana= other amount. which IaISTIZIC"I' rimy by Isitiā¢ hereai'ter be pertrlitted o r4cc)ver <br />front "1'I:NAi~I'1` tea compensate DIS1`1ZICT fear the dctritrrent caused. by "1°:II~tAN'T-' <br />default. <br />"I'lre; term "rent" as used herein shall be de;etrled tc) be arrd tea mean the annual rent card all <br />other sums required to he paid by "I'1°:NAN'1- pursuant. tea the terms of"this Lease. All such <br />sums, other than the annual runt, shall he conllnlted on tire: basis ol'the average monthly <br />atnc)utlt therecaf accruitrg ciurint the 24-nrorlth period imrrle~diatc~ly iarior to de#~rult, except. <br />Sa~iia:eta Kiec. t'tianE3e[ (lif?I-RI?51) rv <br />20D-48 <br />
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