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Agenda - 11-04-1996 - 9c
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Agenda - 11-04-1996 - 9c
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Last modified
11/12/2013 9:25:23 AM
Creation date
11/12/2013 9:25:20 AM
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Template:
BOCC
Date
11/4/1996
Meeting Type
Regular Meeting
Document Type
Agenda
Agenda Item
9c
Document Relationships
1996 NS Project Homestart Agreement
(Linked From)
Path:
\Board of County Commissioners\Contracts and Agreements\General Contracts and Agreements\1990's\1996
Minutes - 19961104
(Linked From)
Path:
\Board of County Commissioners\Minutes - Approved\1990's\1996
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4 <br /> 2 . County will not amend the Lease without Agency's prior <br /> written consent. <br /> 3 . County will send any notice of default under the Lease <br /> by IFC to Agency, and will not terminate the Lease because of <br /> such default until Agency has a reasonable time to cure the <br /> default. <br /> 4 . In the event IFC is in default under the Lease, County <br /> will not terminate the lease so long as Agency diligently <br /> proceeds to cure the default or forecloses its leasehold deed of <br /> trust, and upon such foreclosure, County will accept Agency as <br /> lessee under the Lease. <br /> County, IFC and Agency agree that if the interests of IFC <br /> shall be transferred to and owned by Agency by reason of <br /> foreclosure or other proceedings brought by Agency in lieu of or <br /> pursuant to a foreclosure, or by any other manner, and Agency <br /> succeeds to the interests of IFC under the lease, Agency shall be <br /> bound to County under all of the terms, covenants and conditions <br /> of the Lease for the balance of the term thereof remaining and <br /> any extensions or renewals thereof which may be effected in <br /> accordance with any option therefore in the Lease, with the same <br /> force and effect as if Agency were the tenant under the Lease, <br /> and Agency does hereby attorn to County as its landlord, said <br /> attornment to be effective and self operative immediately upon <br /> Agency succeeding to the interests of IFC under the Lease without <br /> the execution of any further instruments on the part of any of <br /> the parties hereto. The respective rights and obligations of <br /> Agency and County upon such attornment, to the extent of the then <br /> remaining balance of the term of the Lease and any extensions and <br />
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