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Reso 1998-026 to 030
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Reso 1998-026 to 030
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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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act or omission on the part of the Defending Party is required to cure the Event of Default, <br />then the Defending Party shall cease the offending act or perform the wrongfully omitted act. <br />If the Event of Default can be cured with the payment of money only, then the <br />Defending Party shall do so within fifteen (15) days following the later of the Decision Date <br />or the award by the arbitrator. If the Event of Default requires the cessation of action or <br />requires the taking of action other than the payment of money only, then the Defending Party <br />shall take or cause the cessation of such action within forty-five (45) days after the later of <br />the Decision Date or the arbitrator's award, provided, however that if more than forty-five <br />(45) days is reasonably required to cure the Event of Default, including the enforcement or <br />termination of contracts, licensees, or invitees who are causing the Event of Default and <br />whose removal from the Premises is necessary to effect a cure to the maximum degree <br />possible, then the Defending Party shall commence such cure within the forty-five (45) day <br />period and diligently pursue such cure to completion. If the Defending Party fails to effect <br />the cure within the time periods described above, then the Event of Default is one for which <br />this Agreement may be terminated, and if the Complaining Party sought termination in its <br />Notice of Default, then upon expiration of such time periods the Complaining Party may by <br />notice to the Defending Party terminate this Lease. <br />Section 18.4 Remedies <br />The Complaining Party shall have the following rights and remedies available at law <br />or in equity with respect to an Event of Default, provided that such remedies were noticed in <br />the Notice of Default. The award of all remedies and the determination of whether a <br />LEASE BETWEEN CITY OF SAN LEANDRO <br />AND SAN FRANCISCO BAY CONFERENCE RESORT PAGE 63 <br />2574001\313983.8 <br />
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