My WebLink
|
Help
|
About
|
Sign Out
GROUND LEASE - RIDGE VIEW COMMONS II
City of Pleasanton
>
CITY CLERK
>
LONG TERM AGREEMENT
>
R
>
RIDGE VIEW COMMONS II
>
GROUND LEASE - RIDGE VIEW COMMONS II
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
8/22/2024 1:40:57 PM
Creation date
8/22/2024 1:38:16 PM
Metadata
Fields
Template:
LONG TERM AGREEMENTS
LONG TERM AGREEMENTS - DOCUMENT DATE
6/1/2024
LONG TERM AGREEMENTS - NAME
GROUND LEASE - RIDGE VIEW COMMONS II
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
LOC IN RC II FOLDER
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
96
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
default, and shall include, with respect to any monetary default, a detailed statement identifying <br />the amounts due and the obligations to which amounts relate, and with respect to any non - <br />monetary default, a detailed statement identifying the obligations breached and the cure expected <br />by Lessor; provided, however, that if any nonmonetary default is not susceptible to cure within <br />the applicable cure period, the Lender shall have such longer period, not to exceed an additional <br />ninety (90) days, as may be necessary to cure the default, so long as such Lender is diligently <br />prosecuting such cure to completion. All payments so made and all things so done shall be as <br />effective to prevent a termination of this Lease as the same would have been if made and <br />performed by Lessee instead of by the Lender(s). <br />(4) In addition to the cure periods described in the preceding <br />Paragraph (3), if the default is such that possession of the Leasehold Estate may be reasonably <br />necessary to remedy the default, the Senior Lender shall have a reasonable time after the <br />expiration of the applicable cure period described in the preceding Paragraph (3) within which to <br />remedy such default, provided that (A) such Lender shall have fully cured any default in the <br />payment of any monetary obligations of Lessee under this Lease within the applicable period <br />described in the preceding Paragraph (3) and shall continue to pay currently such monetary <br />obligations when the same are due; (B) such Lender shall have acquired Lessee's Leasehold <br />Estate hereunder or commenced foreclosure or other appropriate proceedings prior to or within <br />the period described in the preceding Paragraph (3), and shall be diligently prosecuting the same; <br />and (C) and after acquiring possession of the Leasehold Estate, such Lender shall diligently <br />prosecute to completion such cures as may be reasonably possible to remedy nonmonetary <br />defaults existing under this Lease. Any default under this Lease which by its nature cannot be <br />remedied by Lender shall be deemed remedied upon Lender or its Nominee (as hereinafter <br />defined) acquiring Lessee's interest in the Premises as provided in this Section. <br />(5) Lessor shall promptly provide estoppel certificates reasonably <br />requested by Lenders or Project investors. <br />(6) If the Lenders are prohibited, stayed or enjoined by any bankruptcy <br />or insolvency proceeding of any court, including without limitation a court having jurisdiction <br />over Lessee in such proceeding, from commencing or prosecuting foreclosure proceedings, the <br />times specified for commencing or prosecuting such foreclosure or other proceedings shall be <br />extended for the period of such prohibition; provided that any Lender shall have fully cured any <br />default in the payment of any monetary obligations of Lessee under this Lease, including without <br />limitation any monetary obligations to third parties which have become, or threaten to become, <br />liens against the Leased Premises or any portion thereof, and shall continue to pay currently such <br />monetary obligations when the same fall due; provided, further, that, subject to Paragraph (1) of <br />this Section 8.2(a), such Lender shall not interfere with Lessor's efforts to seek compliance by <br />Lessee with any non -monetary obligation under this Lease. <br />(7) Lessor shall mail or deliver to any Lenders that have any <br />outstanding Approved Loans a duplicate copy of any notice which Lessor may deliver to Lessee <br />pursuant to this Lease, including any notice of default. Lessee shall deliver to Lessor the name <br />and contact information for all Lenders that have outstanding Approved Loans, including <br />successors in interest to Approved Loans. Provided Lessee (or Lender) has delivered Lessor the <br />name and contact information of the Lender having an outstanding Approved Loan, no notice of <br />19 <br />4859-3312-3005v5 <br />
The URL can be used to link to this page
Your browser does not support the video tag.