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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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and without prejudice to any remedies for arrears of Rent or existing breaches of covenants; <br />provided that Lessor shall not be entitled to disturb possession of any Tenants or others in <br />possession pursuant to Tenant Leases so long as such Tenant or others are not in default <br />thereunder and attorn to Lessor as their lessor. <br />(b) Upon the exercise of Lessor's remedies pursuant to this Section 12.2, <br />Lessee shall execute such releases, deeds and other instruments in recordable form as Lessor <br />shall reasonably request in order to accurately set forth of record the then current status of <br />Lessee's Estate and Lessee's rights hereunder. <br />(c) If Lessee shall have failed to cure a default by Lessee after expiration of <br />the applicable time for cure of a particular default, Lessor, at its election, but without obligation <br />therefor (i) may seek specific performance of any obligation of Lessee, after which Lessor shall <br />retain, and may exercise and enforce, any and all rights that Lessor may have against Lessee as a <br />result of such default, (ii) from time to time without releasing Lessee in whole or in part from the <br />obligations to be performed by Lessee hereunder, may cure the default at Lessee's cost, (iii) may <br />terminate this Lease pursuant to Paragraph (a) above, (iv) subject to the rights of Lenders, may <br />have a receiver appointed to take possession of Lessee's interest in the Leasehold Estate with <br />power in the receiver (1) to administer Lessee's interest in the Leasehold Estate, (2) to collect all <br />funds available in connection with the operation of the Project, and (3) to perform all other acts <br />consistent with Lessee's obligations under this Lease, as the court deems proper, and/or (v) may <br />exercise any other remedy given hereunder or now or hereafter existing at law or in equity. Any <br />reasonable cost incurred by Lessor in order to cure such a default by Lessee shall be due <br />immediately from Lessee, together with interest, and may be offset against any amounts due <br />from Lessor to Lessee. <br />(d) Remedies Cumulative. No remedy provided in this Section shall be <br />considered exclusive of any other remedy, but the same shall be cumulative and shall be in <br />addition to every other remedy given hereunder or now or hereafter existing at law or in equity <br />or by statute, and every power and remedy given by this Lease may be exercised from time to <br />time and as often as occasion may arise or as may be deemed expedient, subject to any <br />limitations referred to hereinabove. <br />(e) No Election of Remedies. The rights given in this Section to receive, <br />collect or sue for any rent or rents, moneys or payments, or to enforce the terms, provisions and <br />conditions of this Lease, or to prevent the breach or nonobservance thereof, or the exercise of <br />any such right or of any other right or remedy hereunder or otherwise granted or arising, shall not <br />in any way affect or impair or toll the right or power of Lessor, upon the conditions and subject <br />to the provisions in this Lease, to terminate Lessee's right of possession because of any default in <br />or breach of any of the covenants, provisions or conditions of this Lease that remains uncured <br />beyond the applicable cure period. <br />(f) Survival of Obligations. Nothing herein shall be deemed to affect the <br />right of Lessor to indemnification for liability arising prior to the termination of the Lease for <br />personal injuries or property damage or in connection with any other Claim, nor shall anything <br />herein be deemed to affect the right of Lessor to equitable relief where such relief is appropriate. <br />No expiration or termination of this Lease by operation of law or otherwise, and no repossession <br />33 <br />4859-3312-3005v5 <br />
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