BLP PARTNERSHIP GROUND LEASE - Laserfiche WebLink

TABLE OF CONTENTS Paet ARTICLE 1 Definitions 2 Section 1.1 Definitions 2 ARTICLE 2 Lease of the Land; Rental Provisions; Taxes and Assessments 4 Section 2.1 Lease of the Land 4 Section 2.2 Lease Term 4 Section 2.3 Ground Rent Charges 5 Section 2.4 Use of Project and Assurances of Lessee 5 Section 2.5 Taxes and Assessments 6 Section 2.6 Definitions 6 Section 2.7 Purpose of Restrictions on Transfer 7 Section 2.8 Prohibited Transfers 7 Section 2.9 Permitted Transfers 8 Section 2.10 Effectuation of Certain Permitted Transfers. 8 Section 2.11 Other Transfers with Lessor Consent 9 Section 2.12 Preference of Lessor 9 ARTICLE 3 Maintenance; Use of Premises 10 Section 3.1 Title to Improvements 10 Section 3.2 Permits, Licenses and Easements 10 Section 3.3 Use of Project 10 Section 3.4 Construction of the Improvements 11 Section 3.5 Maintenance of the Project 11 Section 3.6 Property Management. 12 Section 3.7 Utilities 12 Section 3.8 Inspection 12 Section 3.9 Payment by Lessee to Project 12 Section 3.10 Subordination 13 ARTICLE 4 Mortgage Loans 13 Section 4.1 Loan Obligations 13 Section 4.2 Liens and Encumbrances Against Lessee's Interest in the Leasehold Estate 14 Section 4.3 Cost of Other Loans to be Paid by Lessee 16 Section 4.4 Proceeds of Loans 16 Section 4.5 Notice and Right to Cure Defaults Under Loans 16 ARTICLE 5 Insurance 16 Section 5.1 Required Insurance Coverage 16 Section 5.2 Insurance Policies and Premiums 18 Section 5.3 Proceeds of Insurance 18 Section 5.4 Indemnification. 19 Section 5.5 Hazardous Materials Indemnification. 19 Section 5.6 "As Is" Conveyance. 20 1441105\153233.25 i