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Reso 1998-026 to 030
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Reso 1998-026 to 030
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7/14/2022 4:37:44 PM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Resolution
Document Date (6)
12/31/1998
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PERM
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I. If an event of default by Tenant occurs under, or if Tenant otherwise <br />violates, the Development Agreement, the Security Agreement, Tenant's Note and/or <br />Tenant's Leasehold Mortgage. <br />If an Event of Default described in this Section 18.2 occurs, then <br />Landlord may avail itself of any of the remedies provided in Section 18.4 below. <br />Section 18.3 Notice of Default: Determination of Events of Default <br />If either party believes that the other has committed a Potential Event of Default, then <br />the noticing party (the "Complaining Party") may deliver a notice to the other (the <br />"Defending Party") describing with particularity the omissions, actions, or practices of the <br />Defending Party that the Complaining Party believes to be a breach of this Agreement, the <br />provisions of this Agreement that allegedly have been or are being breached, and the <br />remedies that the Complaining Party desires with respect to each specific alleged breach, and <br />stating in capital letters at the top of the first page thereof that it is a Notice of Default under <br />Section 18 of this Lease and that a forfeiture of rights (and, if applicable, a termination of <br />this Agreement) may occur if such notice is not responded to within seven (7) business days <br />of delivery (the "Notice of Default"). A Notice of Default may allege multiple, independent <br />Potential Events of Default, and the Complaining Party may serve additional Notices of <br />Default while previously noticed default procedures are pending. Each alleged Potential <br />Event of Default shall be treated as an independent breach for the purposes of administering <br />the procedures and awarding the remedies provided herein. <br />LEASE BETWEEN CITY OF SAN LEANDRO <br />AND SAN FRANCISCO BAY CONFERENCE RESORT PAGE 61 <br />2574001\313983.8 <br />
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