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12-F Cox Field Lease Policy
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October 04, 2001
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12-F Cox Field Lease Policy
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Last modified
11/8/2005 11:22:24 AM
Creation date
10/1/2001 9:43:12 PM
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Template:
AGENDA
Item Number
12-F
AGENDA - Type
RESOLUTION
Description
Lease Policy and Master Lease
AGENDA - Date
10/4/2001
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cessation of use of the leased premises for the purposes leased. <br /> G. The filing of any lien against the leased premises resulting from any act or omission <br /> <br /> of LESSEE which is not discharged or contested in good faith as determined by <br /> LESSOR by proper legal proceedings within fifteen (15) days of receipt of actual <br /> notice by LESSEE, unless LESSEE posts a bond within this time period equal to the <br /> amount of the lien. <br /> <br /> In the event of any default by the LESSEE that is not cured within thirty (30) days of <br />receiving notice from LESSOR, LESSOR may, in addition to any other remedies available to it, <br />terminate this Lease. If the default concerns a failure to make payments to LESSOR, however, no <br />written or other notice of default shall be required. If payments to LESSOR are in arrears for a <br />period of thirty (30) days after the payments become due, then LESSEE shall be in default under this <br />Lease. <br /> <br /> Notwithstanding the foregoing, no failure to perform or delay in performance which is caused <br />by any war, civil disorder, or other national emergency or which is due to an intervening act of God <br />shall be deemed an event of default. <br /> <br /> In addition to the termination and forfeiture right described in the preceding paragraph, <br />LESSOR shall have the following rights and remedies upon default by LESSEE: <br /> <br /> A. The recovery of any unpaid rent, fees, and other payments due and owing at the time <br /> of termination, plus any unpaid rent and fees that would have been earned and other <br /> payments that would have been made if the Lease had not been breached by LES SEE. <br /> <br /> B. The recovery of any damages, costs, fees, and expenses incurred by LESSOR as a <br /> result of the breach of the Lease by LES SEE, including reasonable attorneys' fees and <br /> <br />Master Lease Agreement - page 21 <br /> <br /> <br />
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