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GROUND LEASE - RIDGE VIEW COMMONS II
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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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diligently proceeded with all requisite actions to effect such removal and replacement. City shall <br />provide a copy of any notice of default hereunder to the limited partners at the address set forth <br />in Section 11.3 hereof, or to such other address provided to the City in writing, concurrently with <br />the provision of such notice to Owner. <br />9.3 Remedies. Upon the occurrence of an Event of Default and its continuation <br />beyond any applicable cure period, City may proceed with any of the following remedies: <br />(i) Bring an action for equitable relief seeking the specific performance of the terms <br />and conditions of this Agreement, and/or enjoining, abating, or preventing any <br />violation of such terms and conditions, and/or seeking declaratory relief; <br />(ii) Accelerate and declare the balance of the Note and interest accrued thereon <br />immediately due and payable and proceed with foreclosure under the Deed of <br />Trust; <br />(iii) For violations of obligations with respect to rents for Restricted Units, impose a <br />charge in an amount equal to the actual amount collected in excess of the <br />Affordable Rent; or <br />(iv) Pursue any other remedy allowed under the City Documents or at law or in <br />equity. <br />Each of the remedies provided herein is cumulative and not exclusive. The City may <br />exercise from time to time any rights and remedies available to it under applicable law or in <br />equity, in addition to, and not in lieu of, any rights and remedies expressly provided in this <br />Agreement. <br />10. Indemnity. To the greatest extent permitted by law, Owner shall indemnify, defend (with <br />counsel approved by City) and hold the Indemnitees harmless from and against all Claims arising <br />directly or indirectly, in whole or in part, as a result of or in connection with Owner's or Owner's <br />employees', agents', contractors', or subcontractors' (all of the foregoing, collectively, <br />"Owner's Parties") rehabilitation, construction, management, or operation of the Property and <br />the Project, failure to comply with applicable law, including without limitation, State and federal <br />fair housing laws, or any failure to perform any obligation as and when required by this <br />Agreement. Owner's indemnification obligations set forth in this Section: (i) shall survive the <br />expiration or earlier termination of this Agreement; (ii) shall apply whether or not any insurance <br />policies shall have been determined to be applicable to any Claim, (iii) shall not extend to Claims <br />to the extent arising from the gross negligence or willful misconduct of the Indemnitees, and (iv) <br />shall be subject to the additional provisions set forth in Section 10.1. <br />10.1 Terms Applicable to [ndenmity Provisions. The terms set forth in this Section <br />10.1 shall apply to all provisions of this Agreement that pertain to Owner's obligations to <br />indemnify City and the other Indemnitees, including without limitation, Secl1Oils 3.1. 3. 10, and <br />10. In connection with each such provision, all of the following shall apply: <br />29 <br />4879-3324-5885v3 <br />
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