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Housing Consortium of the East Bay Ground Lease 20231030
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Housing Consortium of the East Bay Ground Lease 20231030
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11/13/2023 2:47:14 PM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Agreement
Document Date (6)
10/30/2023
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<br />38 <br />ARTICLE 17. <br />NON-MERGER <br />Section 17.1 Non-Merger. Except upon expiration of the Term or upon termination of <br />this Ground Lease, there shall be no merger of either this Ground Lease or Lessee's estate created <br />hereunder with Lessor's fee interest in the Leased Premises by reason of the fact that the same <br />person may acquire, own or hold, directly or indirectly, (a) this Ground Lease, Lessee's estate <br />created hereunder or any interest in this Ground Lease or the Improvements, and (b) a fee <br />interest in the Leased Premises or the Improvements, unless and until the Lessor and all persons, <br />including any assignee of Lessor, having an interest in (i) this Ground Lease or Lessee's Estate <br />created hereunder, and (ii) the fee estate in the Leased Premises or any part thereof, shall join in <br />a written instrument effecting such merger and shall duly record the same. <br /> <br />ARTICLE 18. <br />MISCELLANEOUS PROVISIONS <br />Section 18.1 Consents. Lessor agrees not to unreasonably withhold or delay its consent to <br />matters requiring Lessor's consent hereunder unless the applicable provision of this Ground <br />Lease permits Lessor to exercise Lessor's sole discretion with respect to a particular matter. <br />Section 18.2 Enforced Delay; Extension of Times of Performance. Time is of the <br />essence in the performance of each of the Parties' respective obligations set forth in this Ground <br />Lease. Except as expressly set forth in this Section 18.2, performance by any Party hereunder <br />shall not be deemed to be in default and such Party shall be entitled to an extension of time to <br />perform its obligations hereunder where delays in performance are due to causes beyond the <br />reasonable control and without the fault of such Party, including as applicable: war; acts of <br />terrorism, insurrection; strikes; lockouts; riots; floods; earthquakes; fires; casualties; acts of God, <br />acts of the public enemy; epidemics; quarantine restrictions; freight embargoes; governmental <br />restrictions or priority; litigation (including suits filed by third parties concerning or arising out <br />of this Agreement), unusually severe weather; inability to secure necessary labor, materials or <br />tools; acts of the other Parties; acts or the failure to act of any public or governmental agency or <br />entity (except that acts or the failure to act of the Lessor shall not excuse performance of the <br />Lessor); or other causes beyond the control or without the fault of the Party claiming an <br />extension of time to perform ("Force Majeure"). An extension of time for any cause permitted <br />under this Section 18.2 shall be limited to the period of the enforced delay, which period shall <br />commence to run from the time of the commencement of the cause, if notice by the Party <br />claiming such extension is sent to the other Party within thirty (30) days of knowledge of the <br />commencement of the cause. If no written notice is sent within thirty (30) days, for purposes of <br />measuring the extension period for performance of the obligation in question, the period of the <br />enforced delay shall commence to run from the date written notice is sent to the other Party. <br />Times of performance under this Ground Lease may be extended by mutual written agreement of <br />the Parties. <br />DocuSign Envelope ID: 6E2EA799-6D74-41E3-B3EE-3CD67DC0ACD0
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