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GROUND LEASE - RIDGE VIEW COMMONS II
City of Pleasanton
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GROUND LEASE - RIDGE VIEW COMMONS II
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8/22/2024 1:40:57 PM
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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
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(g) Lessee shall have voluntarily suspended its business for a period in excess of <br />thirty (30) days for reasons other than Force Majeure, or Lessee shall have been dissolved or <br />terminated; <br />(h) pursuant to or within the meaning of the United States Bankruptcy Code or any <br />other federal or state law relating to insolvency or relief of debtors ("Bankruptcy Law"), Lessee <br />or any general partner thereof. (i) commences a voluntary case or proceeding; (ii) consents to <br />the entry of an order for relief against Lessee or any general partner thereof in an involuntary <br />case; (iii) consents to the appointment of a trustee, receiver, assignee, liquidator or similar <br />official for Lessee or any general partner thereof or for the Leased Premises; (iv) makes an <br />assignment for the benefit of its creditors; or (v) admits in writing its inability to pay its debts as <br />they become due; provided however, with respect to Lessee's general partner, the foregoing <br />actions shall not constitute an Event of Default if the Investor promptly takes action to replace <br />the general partner; <br />(i) the filing against Lessee of any involuntary proceedings under such Bankruptcy <br />Code or similar law, if such proceedings have not been vacated or stayed within ninety (90) days <br />of filing; <br />0) the appointment of a trustee or receiver for Lessee or for all or the major part of <br />Lessee's property or the Leased Premises, in any involuntary proceeding, or the taking of <br />jurisdiction by any court over all or the major part of Lessee's property or the Leased Premises in <br />any involuntary proceeding for the reorganization, dissolution, liquidation or winding up of <br />Lessee, if such trustee or receiver shall not be discharged or such jurisdiction relinquished or <br />vacated or stayed on appeal or otherwise stayed within ninety (90) days; <br />(k) any of Lessee's representations or warranties contained in this Lease or in any <br />financial statement, certificate or report submitted to Lessor in connection with this Lease proves <br />to have been false or misleading in any adverse respect when made and continues to be adverse <br />to Lessor. <br />Section 12.2 Rights and Remedies. <br />(a) At any time after the occurrence of an Event of Default hereunder, subject <br />in all respects to the provisions of this Lease with respect to Lessor's rights to cure defaults by <br />Lessee and with respect to the rights of any Lenders, Lessor may, in addition to any other rights <br />and remedies available at law or in equity, terminate this Lease by giving Lessee written notice <br />thereof (with a copy of such notice to the Lenders), setting forth in such notice an effective date <br />for termination which is not less than thirty (30) days after the date of such notice, in which <br />event this Lease and Lessee's Estate created hereby and all interest of Lessee and all parties <br />claiming by, through or under Lessee shall automatically terminate upon the effective date for <br />termination as set forth in such notice, with the same force and effect and to the same extent as if <br />the effective date of such notice had been the date originally fixed in Article 2 hereof for the <br />expiration of the Term. In such event, Lessor, its agents or representatives, shall have the right, <br />without further demand or notice, to re-enter and take possession of the Leased Premises <br />(including all buildings and other Improvements comprising any part thereof) at any time from <br />and after the effective termination date without being deemed guilty of any manner of trespass <br />32 <br />4859-3312-3005v5 <br />
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