Browse
Search
Agenda - 05-06-1991
OrangeCountyNC
>
Board of County Commissioners
>
BOCC Agendas
>
1990's
>
1991
>
Agenda - 05-06-1991
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
11/8/2017 10:50:37 AM
Creation date
11/8/2017 10:39:28 AM
Metadata
Fields
Template:
BOCC
Date
5/6/1991
Meeting Type
Regular Meeting
Document Type
Agenda
Jump to thumbnail
< previous set
next set >
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
478
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
17 <br />This lease and all leasehold rights hereunder shall be, become and remain subordinate <br />to the lien of any bona fide mortgage or deed of trust now or hereafter imposed upon all or any <br />part of the Demised Premises; and the Tenant shall execute and deliver to Landlord or lender <br />upon request any instrument or instruments reasonably requested by the Landlord consenting to <br />the full subordination of this lease to any such mortgage or deed of trust upon the condition that <br />Tenant's rights hereunder shall not be disturbed by any foreclosure or otherwise so long as <br />Tenant is not in default hereunder. Tenant shall upon request of Landlord promptly furnish <br />documents stating that this lease is in full force and effect, that no defaults of Landlord exist, <br />and such other matters as are customarily contained in what is known as an "estoppel letter ". <br />ARTICLE XVII <br />DEFAULT <br />17.1 EYENT_JQF__DEFAULT <br />If Tenant (a) fails to pay any rental or other payment hereunder as it comes due; or (b) <br />if it fails to perform any other of the terms of this lease to be observed or performed by Tenant; <br />or (c) if Tenant Shall become bankrupt or insolvent or there is an appointment of a receiver or <br />trustee of all or a portion of Tenant's property, or if Tenant mares an assignment for the benefit <br />of creditors, or petitions for or enters into such an agreement; or (d) if this lease shall pass to <br />or devolve upon (by law or otherwise) one other than Tenant except as herein provided - -then, <br />in any one or more of such events, upon Landlord serving a written Notice upon Tenant <br />specifying the nature of such default and the period allowed to cure the default, if Tenant shall <br />have failed to comply with or remedy such default within such period, then this lease and other <br />term thereunder shall (at the option of Landlord) terminate and come to an end on the date <br />specified in such Notice (but such termination shall not serve to release or discharge the. damages <br />Tenant owes to Landlord). Tenant shall thereupon quit and surrender the Demised Premises to <br />the Landlord as if the term hereunder ended by the expiration of the time originally fixed herein, <br />but Tenant shall remain liable as hereinafter provided. <br />I <br />The written Notice required of Landlord under the preceding section shall provide for <br />ten (10) days of grace to cure a monetary default, or thirty (30) days to cure a non - monetary <br />default which can reasonably be cured in thirty (30) days; and for any non - monetary default not <br />curable in thirty (30) days, that Tenant shall commence to cure same within thirty (30) days and <br />thereafter proceed diligently and in good faith to complete the curing of said default as soon as <br />possible. <br />:I • C4 _ z Its, <br />
The URL can be used to link to this page
Your browser does not support the video tag.