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S Purchasing - Terradotta.com Inc 501 West Franklin Street Suite 105
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S Purchasing - Terradotta.com Inc 501 West Franklin Street Suite 105
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BOCC
Date
11/18/2003
Meeting Type
Regular Meeting
Document Type
Leases
Agenda Item
8e
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Minutes - 09-18-2001
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\Board of County Commissioners\Minutes - Approved\2000's\2001
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18. Lien on Tenant's Improvements and Personal Property. The County shall have <br /> first lien paramount to all others on every right and interest of the Tenant in and to this lease, and on <br /> any building or improvement on or hereafter placed on the leased property, and on any furnishings, <br /> equipment, fixtures, or other personal property of any kind belonging to the Tenant, or the equity of the <br /> Tenant therein, on the leased property. Such lien is granted for the purpose of covenanted to be paid by <br /> the Tenant, and for the purpose of securing the performance of all of the Tenant's obligations under this <br /> lease. Such liens shall be in addition to all rights of the County given under statutes of this state, which <br /> are now or shall hereinafter be in effect. The provisions of this paragraph shall not be applicable to liens <br /> existing at the commencement of this lease. <br /> Provided, that County may, at his option, agree to subordinate this lien to liens arising in <br /> connection with purchased of equipment or leasehold improvement financing by Tenant, which <br /> agreement County covenants not to unreasonably withhold. <br /> 19. County's Right to Receiver upon Tenant's Default. In addition to any other security <br /> for the performance of this lease, the Tenant hereby assigns to the County all of the rents and profits <br /> which might otherwise accrue to the Tenant from the use, enjoyment, and operation of the leased <br /> property, such assignment to become effective, however, only after default by the Tenant in the <br /> performance of its obligations under this lease. If the County, upon default of the Tenant, elects to file a <br /> suit in equity to enforce the lease and protect the County's right hereunder, the County may upon notice <br /> to the Tenant, as ancillary to such suit, apply to any court having jurisdiction for the appointment of a <br /> receiver of the leased property, the improvements and buildings located thereon, the personal property <br /> located therein, and thereupon the court may forthwith appoint a receiver with the usual powers and <br /> duties of receivers in like cases. Such appointment shall be made by such court as a matter of strict <br /> right to the County and without consideration of the adequacy of the value of the Tenant's interest in the <br /> lease, or of the value of the property, or the commission of waste thereon, or the deterioration thereof. <br /> Nothing herein shall prevent the enforcement of the County's lien for rent in any court or by proceeding <br /> authorized to the laws of this state, or the institution by the County of a separate proceeding in equity <br /> for the appointment of a receiver as an ancillary remedy to protect the rights and interest of the County. <br /> Any and all remedies or proceedings are considered cumulative and not exclusive. <br /> 20. Waiver of County's Rights Only by Written Instrument. No failure by the County to insist <br /> upon the strict performance of any item or condition of this lease or to exercise any right or remedy <br /> available on a breach thereof, and no acceptance of full or partial rent during the continuance of any <br /> such breach shall constitute a waiver of any breach or of any such term or condition. No term or <br /> condition of this lease required to be performed by the Tenant, and no breach thereof, shall be waived, <br /> altered or modified, except by a written instrument executed by the County. No waiver of any breach <br /> shall affect or alter any term or condition in this lease, and each such term or condition shall continue in <br /> full force and effect with respect to any other then existing or subsequent breach thereof. <br /> 21. Performance of Tenant's Obligations - Unpaid Insurance Premiums <br /> A. If the Tenant shall at any time fail to pay any amount in accordance with the provisions of <br /> this lease, or shall fail to take out, keep in force, or shall fail to perform any f its other obligations under <br /> this lease, then the County, after 15 days notice to the Tenant (or without notice in case of an <br /> emergency) and without waiving or releasing the Tenant from any obligation of the Tenant contained in <br /> this lease, may (but shall be under no obligation to) pay any amount payable by the Tenant hereunder, <br /> and perform any other act required to be performed by the Tenant hereunder. The County may enter <br /> upon the leased property for such purposes and take any action necessary therefore. <br /> B. All sums so paid by the County and all costs and expenses incurred by the County in <br /> connection with the performance of any such act, together with interest thereon at the rate of 6% per <br /> annum from the respective dates of each such payment and such costs and expenses, shall constitute <br /> additional rent payable by the Tenant under this lease and shall be paid by the Tenant to the County on <br /> demand. <br />
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