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1996 NS Purchasing - Lease Approval 503 West Franklin Street
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1996 NS Purchasing - Lease Approval 503 West Franklin Street
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Last modified
11/21/2013 4:44:38 PM
Creation date
10/17/2013 3:32:46 PM
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Template:
BOCC
Date
2/20/1996
Meeting Type
Regular Meeting
Document Type
Agreement
Agenda Item
IX-A
Document Relationships
Agenda - 02-20-1996 - IX-A
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\Board of County Commissioners\BOCC Agendas\1990's\1996\Agenda - 02-20-1996
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8 <br /> 6. Subordination. County agrees that this lease is and shall remain subject and subordinate <br /> to and may be assigned as security for any present and all future ground leases or underlying leases <br /> of the Premises or of the real property upon which the Premises is located and to and for all <br /> mortgages or deeds of trust which may now or hereafter affect such leases or the Premises or the <br /> real property upon which the .Premises is .located and to and for all renewals, modifications, <br /> consolidations, replacements and extension thereof. This clause shall be self-operative and no <br /> further instrument shall be necessary to effect such subordination. However, County shall execute <br /> promptly and deliver to Landlord any such certificate or certificates in writing as Landlord may <br /> request evidencing the subordination of this lease to or the assignment of this lease as additional <br /> security for such ground lease, underlying lease, mortgage or deed of trust. In the event the <br /> Premises or the real property upon which the Premises is located or a leasehold interest in the <br /> Premises or the real property upon which the Premises is located is sold pursuant to a court order <br /> in any foreclosure proceeding or is sold pursuant to a power of sale contained in any mortgage or <br /> deed of trust, County agrees to execute an attomment agreement with such purchaser not in conflict <br /> herewith at the request of such purchaser. <br /> 7. Assignment and Sublease: County agrees not to encumber or assign this lease or <br /> sublease all or any part of the Premises without the written consent of Landlord, which consent shall <br /> not be unreasonably withheld. Such assignment shall in no way relieve County from any obligations <br /> hereunder for the payment of rents or the performance of the conditions and provisions of this lease. <br /> Landlord acknowledges and agrees that County intends to develop a Skill Development Center in <br /> the Premises and that said Skill Development Center will involve a number of related agencies other <br /> than County. Landlord agrees that any revenue derived by the County from these related agencies <br /> to offset operational expenses, including but not limited to, lease payments, shall not be considered <br /> a sublease in the context of this lease and shall be permissible. <br /> 8. Quiet Enjoyment. Landlord agrees that County upon paying the stipulated rental and <br /> keeping and performing the agreement and covenants herein contained, shall hold and enjoy the <br /> Premises for the term aforesaid, subject to the terms of this lease. <br /> 9. Right of Entry. County agrees that Landlord or his designee shall have the right to enter <br /> the Premises during normal business hours or any other time with the consent of County. <br />
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