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Agenda - 03-10-20; 8-k - Lease of 1000 Corporate Drive, Suites 401 and 402, Hillsborough
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Agenda - 03-10-20; 8-k - Lease of 1000 Corporate Drive, Suites 401 and 402, Hillsborough
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BOCC
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3/10/2020
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Business
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Agenda
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8-k
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Agenda - 03-10-20 Business Meeting
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\Board of County Commissioners\BOCC Agendas\2020's\2020\Agenda - 03-10-20 Business Meeting
Minutes 03-10-2020 Business Meeting
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\Board of County Commissioners\Minutes - Approved\2020's\2020
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10 <br /> affect Landlord's right to collect rent, additional rent and/or any other charge that may be due and owing <br /> by Tenant to Landlord, as provided herein, for any period prior to such termination. <br /> 25. MORTGAGEE'S RIGHTS. Tenant's rights under this Lease shall be subject and <br /> subordinate to any bona fide mortgage, deed of trust or other security interest which now encumbers or <br /> may hereafter encumber the Premises or any building in which the Premises are located. Tenant shall, if <br /> requested by Landlord, execute a separate agreement reflecting such subordination, and shall be obligated <br /> to execute such documentation as may facilitate Landlord's sale or refinancing of the Premises, including, <br /> but not limited to, estoppel certificates, subordination and/or attornment agreements. <br /> 26. QUIET ENJOYMENT. So long as Tenant observes, abides by and performs all of the <br /> terms, covenants and conditions contained in this Lease, Tenant shall, at all times during the Term, <br /> peacefully and quietly have and enjoy possession of the Premises, but always subject to all such terms, <br /> covenants and conditions. In the event Landlord shall sell or otherwise transfer its interest in the <br /> Premises, Tenant agrees to attorn to any new owner or interest holder and shall, if requested by Landlord, <br /> execute a separate agreement reflecting such attornment; provided, however, that such agreement shall <br /> require that the new owner or interest holder recognize its obligations and Tenant's rights under this <br /> Lease. <br /> 27. HOLDING OVER. In the event Tenant shall remain in possession of the Premises after the <br /> expiration or any earlier termination of the Term with Landlord's acquiescence and without any express <br /> agreement of the parties, (a) Tenant shall be a tenant at will, (b) commencing on the day following the <br /> date of such expiration or termination, Tenant shall pay to Landlord monthly rent at in an amount equal to <br /> the amount of the monthly installment of annual rent in effect on the date of such expiration or <br /> termination for each month, or fraction thereof, during which Tenant remains in possession of the <br /> Premises, and (c) there shall be no renewal or extension of the Term by operation of law. In the event <br /> Tenant shall remain in possession of the Premises after the expiration or any earlier termination of the <br /> Term without Landlord's acquiescence, (i) Tenant shall be a tenant at sufferance, and(ii) commencing on <br /> the day following the date of such expiration or termination, Tenant shall pay to Landlord monthly rent in <br /> an amount equal to the twice the amount of the monthly installment of annual rent in effect on the date of <br /> such expiration or termination for each month, or fraction thereof, during which Tenant remains in <br /> possession of the Premises. <br /> 28. ATTORNEY'S FEES. In the event that any action or proceeding is brought by Landlord or <br /> Tenant to enforce any term, covenant or condition of this Lease, the prevailing party in such litigation <br /> shall be entitled to recover its reasonable attorney's fees and court costs. <br /> 29. RIGHTS CUMULATIVE. Any and all rights, powers and privileges conferred hereunder <br /> upon either or both of the parties hereto shall be cumulative and not restrictive of those given by law. <br /> 30. WAIVER OF RIGHTS. Neither the failure of Landlord to exercise any right or power <br /> given or reserved to Landlord hereunder or to insist upon strict compliance by Tenant of any of Tenant's <br /> obligations hereunder,nor any custom,practice or course of dealing by or between the parties which is or <br /> may be at variance with the express terms hereof, shall constitute a waiver of Landlord's right to demand <br /> strict compliance with the terms hereof. <br /> 31. ENVIRONMENTAL LAWS. <br /> (a) Tenant shall not bring onto the Premises or the Building any Hazardous Materials (as <br /> defined below) without the prior written approval of Landlord. Any approval must be preceded <br /> by submission to Landlord of appropriate Material Safety Data Sheets(MSD Sheets). In the event <br /> 8 <br />
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