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BLP PARTNERSHIP GROUND LEASE
City of Pleasanton
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LONG TERM AGREEMENT
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BLP PARTNERSHIP GROUND LEASE
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10/28/2013 2:20:41 PM
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LONG TERM AGREEMENTS
LONG TERM AGREEMENTS - DOCUMENT DATE
9/1/2005
LONG TERM AGREEMENTS - NAME
BLP PARTNERSHIP
LONG TERM AGREEMENTS - TYPE
MISC AGMT
LONG TERM AGREEMENTS - RECORD SERIES
704-06 (Long Term Agreements)
LONG TERM AGREEMENTS - DESTRUCTION DATE
PERMANENT
LONG TERM AGREEMENTS - NOTES
100 JUNIPERO
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Lenders of the Lessee set forth in this Lease, the Lessor may take whatever . action at law or in <br /> equity as may appear reasonably necessary to enforce performance or observance of any <br /> obligations, agreements, or covenants of the Lessee under this Lease, including without <br /> limitation, termination of this Lease, provided, however, that for so long as an Other Loan <br /> encumbers this Project, this lease shall not be terminated. In the event of such default, the <br /> Lessor's remedies shall be cumulative, and no remedy expressly provided for in this Section shall <br /> be deemed to exclude any other remedy allowed by law. <br /> Section 8.2 Remedy of Material Breach by Lessor <br /> If the Lessor defaults under the Lease, the Lessee shall give the Lessor and the Lenders <br /> written notice requiring that the default is to be remedied by the Lessor. If the default is not cured <br /> within the time set forth by the Lessee (which shall be a reasonable time for curing the default and <br /> shall in any event be at least ninety (90) days), the Lessee, the Lenders may take any action as may <br /> be necessary to protect their respective interests. Such action, in the event that the Lessor shall fail <br /> to perform any of its obligations under this Lease and such failure shall continue after the expiration <br /> of the cure period specified in this Section, shall include the right of the Lessee, the Lenders to cure <br /> such default and receive any expenditure with interest thereon (at the reference rate then in effect at <br /> Wells Fargo Bank, N.A. or any successor institution) from the Lessor within thirty (30) days after <br /> sending to the Lessor a statement for such expenditure and interest. <br /> Section 8.3 Termination <br /> In the event of a total taking or in the event of damage, destruction, or a partial taking, other <br /> than a temporary taking of the Project, which the Lessee reasonably determines renders continued <br /> operation of the Project infeasible both as a whole and in substantial part, this Lease shall terminate <br /> (except if the Lessee is rebuilding the Project in accordance with the terms of this Lease), and in <br /> such event any proceeds shall be allocated pursuant to Section 5.3 or Article 6, as appropriate. In <br /> the event of a partial taking that does not result in termination pursuant to this Section, this Lease <br /> shall remain in full force and effect as to the portion of the Project remaining. Notwithstanding the <br /> preceding sentences, for so long as an Other Loan encumbers this Project, this lease shall not be <br /> terminated <br /> Section 8.4 Redelivery of Premises <br /> At the expiration or sooner termination of this Lease, the Lessee will peaceably and quietly <br /> quit and sunender the premises to the Lessor in good order and condition, subject to the other <br /> provisions of this Lease. <br /> ARTICLE 9 <br /> Miscellaneous <br /> Section 9.1 Instrument Is Entire Agreement <br /> This Lease and the attached Exhibits and the Lease Addendum constitute the entire <br /> agreement between the Parties with respect to the matters set forth in this Lease. This Lease shall <br /> 144\105\ 153233.25 26 <br />
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