BLP PARTNERSHIP GROUND LEASE - Laserfiche WebLink

conditions and restrictions to which the Lessee is subject arising during this Lease, and or Improvements to the fullest extent that such obligations are applicable to the particular portion of or interest in the Land or Improvements conveyed in such Transfer. Anything to the contrary notwithstanding, the holder of an Other Loan whose interest shall have been acquired by, through or under a Other Loan Document or shall have been derived immediately from any holder thereof shall not be required to give to the Lessor such written assumption until such holder or other person is in possession of the Land or Improvements or entitled to possession thereof pursuant to enforcement of the Other Loan Document. In the absence of specific written agreement by the Lessor, no such Transfer, assignment or approval by the Lessor shall be deemed to relieve the Lessee or any other party from any obligations under this Lease. Section 2.11 Other Transfers with Lessor Consent. The Lessor may, in its reasonable discretion, approve in writing other Transfers as requested by the Lessee. In connection with such request, there shall be submitted to the Lessor for review all instruments and other legal documents proposed to affect any such Transfer. If a requested Transfer is approved by the Lessor such approval shall be indicated to the Lessee in writing. In the alternative, the Lessor may elect to exercise its right of first refusal with respect to the Improvements, pursuant to the Right of First Refusal Agreement in the form attached to this Agreement as Exhibit D. Such approval or exercise of the right of first refusal shall be granted or • denied by the Lessor within sixty (60) days of receipt by the Lessor of Lessee's request for approval of a Transfer. Section 2.12 Preference of Lessor. In selecting Residents for admission to the Project, Lessee shall grant certain preferences to applicants in accordance with an implementation policy mutually agreed to by the Lessor and Lessee. The order of such preference is described in subsection (a) through (e) below. (a) households currently residing in a residential housing development located in the City of Pleasanton that is subject to a regulatory agreement to which the U.S. Department of Housing and Urban Development, including the Federal Housing Administration and/or the Lessor is a party; (b) households currently residing in the City of Pleasanton; (c) households with Principal Care Giver, or (if such persons are not Principal Care Givers) a son, daughter, stepchild, grandchild, parent, sibling, spouse or domestic partner currently residing in the City of Pleasanton, (d) households with the Principal Care Giver or (if such persons are not Principal Care Givers) a son, daughter, stepchild, grandchild, parent, sibling, spouse or domestic partner currently working in the City of Pleasanton; (e) all other households. 164 \105 \153233.25 9