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MIDPEN HOUSING CORPORATION 13-1174C
City of Pleasanton
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MIDPEN HOUSING CORPORATION 13-1174C
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6/28/2017 3:53:07 PM
Creation date
12/19/2013 4:40:39 PM
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LONG TERM AGREEMENTS
LONG TERM AGREEMENTS - DOCUMENT DATE
11/5/2013
LONG TERM AGREEMENTS - NAME
MIDPEN HOUSING CORPORATION
LONG TERM AGREEMENTS - TYPE
DEVELOPMENTAGMT
LONG TERM AGREEMENTS - RECORD SERIES
704-06 (Long Term Agreements)
LONG TERM AGREEMENTS - DESTRUCTION DATE
20 YR
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11. Mortgagee protections Lenders and investor shall have cure rights <br /> and other standard protections in event of <br /> Lessee default [Language to be provided on <br /> request] <br /> 12. Maintenance and repair Obligation on Lessor to maintain property <br /> until after possession is transferred <br /> 13. Risk of loss Risk of loss transfers upon change in <br /> possession <br /> 14. Indemnification The parties shall hold each other harmless <br /> for all losses caused by gross negligence or <br /> willful misconduct of the other party <br /> Lessor shall indemnify Lessee for all <br /> environmental claims prior to transfer of <br /> possession <br /> 15. Sublease/Assignment Lessee shall not have right to assign or <br /> sublease without prior consent, but transfers <br /> to affiliates, post-rehab leases to tenants, <br /> encumbrances for project financing, investor <br /> limited partner requires transfers are pre- <br /> approved <br /> 16. Consents Lessor agrees not to unreasonably withhold <br /> its consent. If Lessor does not respond in 30 <br /> days, matter shall be deemed approved <br /> 17. Estoppel certificates Lessor shall provide estoppel certificates <br /> reasonably requested by lenders or investor <br /> D-2 <br /> 191\52\1242198 1; <br />
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