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California Conservatory Theatre Page 6 of 12
<br />2003-2008 Lease
<br />coverage satisfactory to City, Workers' Compensation Insurance. A certificate evidencing such
<br />insurance coverage shall be filed with City prior to entry upon the Premises.
<br />18. LEASE, ASSIGNMENTS, AND SUCCESSORS.
<br />Lessee shall not either directly or indirectly give, assign, hypothecate, encumber,
<br />transfer, or grant control of this lease or any interest, right, or privilege therein, or sublet the whole
<br />or any portion of the Premises or reassign the use of the name in whole or in part, without obtaining
<br />the prior written consent of the City, which consent shall not be unreasonably withheld.
<br />Neither this lease or any interest therein shall be assignable or transferable in
<br />proceedings in attachment, garnishment, or execution against Lessee, or in voluntary or involuntary
<br />proceedings in bankruptcy or insolvency or receivership taken by or against Lessee or by any
<br />process of law, and possession of the whole or any part of the Premises shall not be divested from
<br />Lessee in such proceedings or by any process of law, without written consent of City. Any breach of
<br />the provisions of this paragraph shall give City the right to terminate this lease immediately.
<br />Each and all of the provisions, agreements, terms, covenants, and conditions herein
<br />contained to be performed, fulfilled, observed, and kept shall be binding upon the heirs, executors,
<br />administrators, successors, and assigns of the respective parties hereto, and all rights, privileges,
<br />and benefits arising under this lease and in favor of either party shall be available in favor of the
<br />heirs, executors, administratars, successors, and assignees thereof respectively; provided that no
<br />assignment or subletting by or through Lessee in violation of the provisions of this lease shall vest
<br />any rights in any such assignment or lease and provided further that City shall terminate this lease
<br />in the event of the demise of Lessee upon the written request of the Executor of Lessee's estate and
<br />the satisfaction of all of Lessee's obligations hereunder to the date of such request.
<br />19. HAZARDOUS SUBSTANCES.
<br />No goods, merchandise, or material shall be kept, stored, or sold in or upon the
<br />Premises which are in any way explosive or hazardous; and no offensive or dangerous trade,
<br />business, or occupation shall be carried on therein or thereon; and no machinery or apparatus shall
<br />be used or operated on said facilities, provided, however, that nothing in this paragraph contained
<br />shall preclude Lessee from bringing, keeping, or using on or about the Premises and building such
<br />materials, supplies, equipment, and machinery as are necessary or customary in carrying on its said
<br />activities.
<br />20. FORFEITURE.
<br />This lease is made upon the condition that if the rents or other sums which Lessee
<br />herein agrees to pay, or any part hereof, shall be unpaid on the date on which the same shall become
<br />due, or if default be made in any of the terms, agreements, conditions, or covenants herein
<br />contained on the part of Lessee, or should Lessee abandon and cease to use the Premises for a
<br />period of ninety (90) days at any one time except when prevented by fire, earthquake, wars, strikes,
<br />or other calamity beyond its control, then and in such event, at the option of the City as evidenced
<br />by resolution of the City Council, this lease shall become forfeited, and the City may exercise all
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