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Deed - Marina Blvd (Blue Dolphin Restaurant) - File 1316, 1995
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Deed - Marina Blvd (Blue Dolphin Restaurant) - File 1316, 1995
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7.2 Landlord's Right to Improvements During Term. Landlord shall have the <br />right to utilize the reader board sign to broadcast City community service messages <br />with advance approval of Tenant, and at no charge to Landlord, so long as such use <br />does not interfere with Tenant activities. <br />7.3 Landlord's Right to Improvements Upon Termination of Lease. All <br />improvements on the Premises at the expiration of the term, or any extension thereof, <br />or sooner termination of this Lease shall, without compensation to Tenant, then <br />become Landlord's property free and clear of all claims to or against them by Tenant <br />or any third person, and Tenant shall defend and indemnify Landlord against all <br />liability and loss arising from such claims or from Landlord's exercise of the rights <br />conferred by this Section. <br />7.4 Tenant's Dutv to Remove Fixtures. At the expiration or sooner <br />termination of the term of this Lease, Landlord may elect to have Tenant remove the <br />reader board sign or any related improvements. <br />S. FINANCING, ASSIGNMENT, SUBLETTING <br />8.1 Encumbrance of Leasehold. <br />8.1.1. Tenant shall have the right, at any time and from time to time <br />during the Lease Term, to encumber the leasehold estate created by this Lease by one <br />Leasehold Deed of Trust securing a loan in an amount not greater than Two Hundred <br />and Fifty Thousand Dollars ($250,000.00), the proceeds of which must be applied to <br />Financing the purchase of the readerboard sign described herein (the "Permitted <br />Loan"). The combined term of the Permitted Loan and any extension or renewal. _ <br />thereof shall not exceed ten (10) years, and in any event shall not mature later than <br />the end of the 11 th year of the Term. <br />8.1.2. If Tenant shall have granted any Leasehold Deed of Trust and if <br />the beneficiary under such a Leasehold Deed of Trust ("Beneficiary") shall have given <br />to Landlord a notice ("Beneficiary's Notice" ) specifying the name and address of the <br />Beneficiary, Landlord shall give to the Beneficiary a copy of any and all notices from <br />time to time given to Tenant by Landlord (including, without limitation, any notice <br />of default) at the same time as and whenever any such notice shall thereafter be given <br />by Landlord to Tenant, addressed to such Beneficiary at the address last furnished to <br />Landlord. No such notice of any kind by Landlord shall be deemed to have been <br />given to Tenant unless and until a copy thereof shall have been so given to the <br />Automall Read Board Sign - Ground Lease <br />Final 5/07/97 Page 10 of 22 <br />
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