Reso 1998-059 (Missing 1996-056 through 1996-058)

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Public Areas and the Public Improvements located outside of the boundaries of the Premises are not part of the leased Premises and shall at all times be and remain the property of Landlord, subject to Tenant's rights and obligations with respect to the Public Areas and the Public Improvements as set forth in Article V and elsewhere in this Lease. Section 2.2 Commencement Date The Term shall commence upon the execution and delivery of this Lease by Landlord and Tenant (the "Commencement Date"), and shall continue for a period of thirty (30) years (the "Initial Term") from and after the Base Rent Commencement Date. A. Tenant's Obligation to Meet Milestone Dates. Attached to this Lease as Exhibit B is a list of dates (the "Milestone Dates") and corresponding descriptions of the events (the "Milestone Events") to have been achieved by Tenant by each of such dates. In the event that Tenant has not achieved a particular Milestone Event by the corresponding Milestone Date therefor, then this Lease and the Development Agreement may be terminated by Landlord's delivery of written notice to Tenant at any time after such date and before Tenant's achievement of the Milestone Event in question, subject to the Force Majeure provisions of Section 22.11. For purposes of this Section 2.2(A), commencement of construction shall mean that all building permits and other necessary approvals required under Applicable Laws for the construction of the Improvements shall have been issued and Tenant shall have actually commenced grading and excavation work on the Premises and thereafter diligently proceeds to Substantial Completion. Notwithstanding the foregoing, if (i) Tenant's failure to commence construction of the Improvements by the Milestone Date therefor is due to a delay in Tenant's receipt of all LEASE BETWEEN CITY OF SAN LEANDRO AND SAN FRANCISCO BAY CONFERENCE RESORT 002574.0001\409B17.4 PAGE I l