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Agmt 2014 San Leandro Unified School District SLUSD (2)
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Agmt 2014 San Leandro Unified School District SLUSD (2)
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7/17/2014 9:27:49 AM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Agreement
Document Date (6)
7/1/2014
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Reso 2014-063
(Approved by)
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\City Clerk\City Council\Resolutions\2014
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C. Landlord may opt to cure the default, in which event the Landlord <br /> will provide Tenant with written notice that it intends to cure and that the reasonable <br /> cost thereof becomes immediately due and payable to Landlord as additional rent. <br /> Tenant's failure to pay Landlord for cure within 10 days after submission of an <br /> invoice to Tenant will result in the immediate termination of the Lease upon <br /> expiration of the 10th day. <br /> D. Pursue any other remedy available at law or equity. <br /> 18. INSOLVENCY: Each of the following events relating to insolvency by <br /> Tenant shall be a breach of this Lease. <br /> A. A general assignment by Tenant for the benefit of its creditors; or <br /> the admission in writing by Tenant of its inability to pay its debts as they become <br /> due; either (i) the appointment of a receiver or trustee to take possession of all or <br /> substantially all of the assets of Tenant or to control the governance of Tenant, or (ii) <br /> any action or proceeding commenced by or against Tenant under any insolvency or <br /> bankruptcy act, or under any other statute or regulation having as its purpose the <br /> protection of creditors, which is not discharged in accordance with Section 17, <br /> Tenant Defaults and Cure. Upon the happening of(i) or (ii), Landlord shall have the <br /> right, subject to the rights of Tenant and any trustee in such proceedings, to <br /> terminate this Lease. If under the law then applicable, Tenant or the trustee has the <br /> right to affirm this Lease and continue to perform the obligations of Tenant <br /> hereunder, Tenant or the trustee shall cure all defaults of Tenant outstanding as of <br /> the date of the affirmation of this Lease and provide to Landlord such adequate <br /> assurances as may be necessary to assure Landlord of the continued performance <br /> of Tenant's obligations under this Lease. Specifically, but without limiting the <br /> generality of the foregoing, Tenant or the trustee shall assure Landlord that (i) the <br /> rent required to be paid or discharged by Tenant shall be paid or discharged in full at <br /> the times and in the manner herein specified, and (ii) the Premises shall continue to <br /> be operated only for the purposes permitted under Section 5, Use of Premises. The <br /> provisions of this section have been included in this lease to assure that the basic <br /> understandings between Landlord and Tenant with respect to Tenant's use of the <br /> Premises and the benefits to Landlord therefrom are preserved consistent with the <br /> purpose and intent of applicable state receivership, conservatorship, or similar laws. <br /> 19. DISCRIMINATION CLAUSE: Tenant shall not discriminate in any <br /> programs or activities for which the Premises are leased on the basis of race, color, <br /> creed, national origin, age, sex, sexual orientation, or disability. Any such act of <br /> discrimination will constitute a breach of the terms of this Lease, and Tenant shall <br /> defend and indemnify Landlord against any claim of discrimination in accordance <br /> with the provisions of Section 13 of this Lease. <br /> 20. EMINENT DOMAIN: Should the demised Premises or any portion <br /> thereof be taken for public use by right of eminent domain with or without litigation, <br /> 15 <br />
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