Laserfiche WebLink
4. City intentionally and unconditionally subordinates all of City's right, title and <br />interest in and to the Property arising in connection with the City Documents to the lien <br />or charge of the County Documents and understands that in reliance upon, and in <br />consideration of, this subordination, specific loans and advances are being and will be <br />made by County and, as part and parcel thereof, specific monetary and other <br />obligations are being and will be entered into which would not be made or entered into <br />but for said reliance upon this subordination. <br />5. City agrees that with respect to County, the cure periods set forth in paragraph <br />(a)(3), paragraph (a)(4) of Section 8.2 of the Ground Lease, and the notice period set <br />forth in paragraph (a)(9) of Section 8.2 of the Ground Lease shall be the greater of the <br />notice and cure period set forth in the Ground Lease or ninety (90) days. City further <br />agrees that the County Loan is an "Approved Loan" as defined in the Ground Lease and <br />the County Documents may encumber Borrower's leasehold interest in the Property. <br />6. General Provisions. <br />6.1 Severability. If any term or provision of this Agreement or the application <br />thereof to any person or circumstance shall, to any extent, be held by a court of <br />competent jurisdiction to be invalid or unenforceable, the remainder of this Agreement, <br />or the application of such term or provision to persons or circumstances other than <br />those as to which it is held invalid or unenforceable, shall not be affected thereby, and <br />each term and provision of this Agreement shall be valid and be enforced to the fullest <br />extent permitted by law. <br />6.2 Successors and Assigns. This Agreement shall be binding upon and shall <br />inure to the benefit of the Parties and their respective successors and assigns. <br />6.3 Governing Law; Venue. This Agreement shall be governed by and <br />construed in accordance with the laws of the State of California without regard to <br />principles of conflicts of laws. Any action to enforce or interpret this Agreement shall be <br />filed and heard in the Superior Court of Alameda County, California or in the Federal <br />District Court for the Northern District of California. <br />6.4 Attorneys' Fees. If either Party commences an action against the other to <br />enforce any obligation contained herein, or to interpret any provision hereof, the <br />prevailing Party shall be entitled to recover from the other Party reasonable counsel <br />fees, costs and necessary disbursements, as determined by the court having jurisdiction <br />over the action. <br />6.5 Modification. This Agreement may be amended or modified only by a <br />written instrument executed by the Parties. <br />6.6 Counterparts. This Agreement may be executed in one or more <br />counterparts, each of which shall be an original and all of which together shall constitute <br />one and the same instrument. <br />SIGNATURES ON FOLLOWING PAGES. <br />535\60\2253378.2 <br />