Reso 1998-026 to 030 - Laserfiche WebLink

Home

(but only with respect to the Leasehold Mortgagee or other party acquiring said title) upon completion of the foreclosure proceedings or acquisition of Tenant's interest in this Lease by any purchaser at the foreclosure sale or who otherwise acquires Tenant's interest in the Premises. The parties agree that the foregoing provision shall not be deemed or construed to preclude Landlord from exercising any of Landlord's rights or remedies against Tenant personally if and to the extent otherwise permitted under the terms of this Lease. (g) Nothing herein shall preclude Landlord from exercising any of Landlord's rights or remedies with respect to any other default by Tenant during any period of any such forbearance, subject to the rights of any Leasehold Mortgagee as herein provided. (h) All notices by Landlord to a Leasehold Mortgagee shall be given in the manner provided under Section 19.1, addressed to the Leasehold Mortgagee at the address last specified to Landlord by the Leasehold Mortgagee, and any such notice shall be deemed to have been given and served when received by the Leasehold Mortgagee. (i) In the event two or more Leasehold Mortgagees exercise their rights hereunder, and there is a conflict which renders it impossible to comply with all such requests, the Leasehold Mortgagee whose Leasehold Mortgage would be senior in priority if there were a foreclosure shall prevail. Landlord shall have no. duty or obligation whatsoever to determine the relative priority of the Leasehold Mortgages of such Leasehold Mortgagees, and in the event of any dispute between or among such Leasehold Mortgagees, Landlord shall have no obligation to act with respect to any conflicting requests or demands of such Leasehold Mortgagees unless and until such dispute is resolved to the satisfaction of LEASE BETWEEN CITY OF SAN LEANDRO AND SAN FRANCISCO BAY CONFERENCE RESORT PAGE 88 2574001\313983.8