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Agenda - 10-18-2022; 8-h - Inspection Period Extension for the Executed Lease Agreement with Well Dot, Inc.
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Agenda - 10-18-2022; 8-h - Inspection Period Extension for the Executed Lease Agreement with Well Dot, Inc.
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10/13/2022 1:26:30 PM
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10/18/2022
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Agenda
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8-h
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Agenda for October 18, 2022 BOCC Meeting
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21 <br /> any certificate, subordination agreement, priority agreement or other form of instrument in confirmation of <br /> such subordinate or superior status that Landlord may request, including an agreement to attorn, provided <br /> that such agreement contains commercially reasonable non-disturbance language. <br /> Tenant shall have the right at any time to grant a security interest in Tenant's Property. Landlord hereby <br /> consents to any such security interest and disclaims any interest of any kind in any such goods and property <br /> installed or kept on the Premises. Landlord agrees that it will,within ten (10) days after any written request by <br /> Tenant, confirm the foregoing consent and disclaimer in writing in such form as may be requested by Tenant. <br /> Further, Tenant may, without the approval of the Landlord, at any time mortgage, encumber, pledge or <br /> assign as security its right, title and interest in and to the leasehold estate created hereby. Tenant may, at <br /> anytime, give the Landlord a notice(hereinafter referred to as a"Mortgage Notice")containing the name and <br /> address of a lender (hereinafter referred to as a "Mortgage Lender") to which the leasehold estate created <br /> hereby has been or will be mortgaged, encumbered, pledged or assigned as security. Landlord agrees to join <br /> in (and cause all other parties whose consent or joinder is required to join in) Tenant's encumbrance of <br /> Tenant's leasehold interest to any Mortgage Lender. Provided, however, that any such mortgage, <br /> encumbrance, pledge, assignment or security interest may not provide for any liability of Landlord except as <br /> may be explicitly provided in this Lease and Landlord shall not be personally liable for any loan secured by <br /> any mortgage, encumbrance, pledge, assignment or security interest in Tenant's Leasehold estate created <br /> 32. RESERVATION OF RIGHTS. Landlord hereby reserves to itself and its successors and assigns the <br /> following rights (all of which are hereby consented to by Tenant): <br /> (a) to change the street address of the Building. <br /> Landlord may exercise any or all of the foregoing rights without being deemed to be guilty of an eviction, <br /> actual or constructive, or a disturbance or interruption of the business of Tenant or Tenant's use or <br /> occupancy of the Leased Premises. <br /> 33. NOTICES. Any notices which Landlord or Tenant requires or desires to give to the other relating to <br /> this Lease or the Leased Premises must be in writing and shall be deemed sufficiently given and delivered if: <br /> (a) Hand-delivered to the following addresses: <br /> If to Landlord: Orange County <br /> Director, Asset Management Services <br /> Margaret Lane <br /> Hillsborough, NC 27278 <br /> If to Tenant: 419 W. Franklin St. <br /> Chapel Hill, NC 27516 <br /> Attn: Jared Sokolsky <br /> With a copy to: Moore &Van Allen PLLC <br /> 100 North Tryon Street, Suite 4700 <br /> Charlotte, NC 28205 <br /> Attn: Christopher D. Thompson, Esq. <br /> -AND- <br /> (b) Sent by email transmission to the following: <br /> If to Landlord: ALL—AMS—MANAGEMENT@orangecountync.gov <br /> If to Tenant: jared.sokolsl<W well.co <br /> thompsonc@mvalaw.com <br /> (c) Payment made to: Orange County <br /> Finance and Administrative Services <br /> P.O. Box 8181 <br /> Hillsborough, NC 27278 <br /> Either party may change its designated address or email address for receipt of notice by written notice to the <br /> other party pursuant to this Section 33. <br /> 34, ENTIRE AGREEMENT; MODIFICATION. Except as otherwise referenced herein this Lease contains <br /> the entire agreement of the parties in regard to the Leased Premises. There are no oral agreements existing <br /> between them and there shall be no oral changes. Neither Landlord nor any agent of Landlord has made any <br /> 6WTenant <br /> Initials Initials <br />
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