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Res 2017-073/Berry Aviation lease
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Res 2017-073/Berry Aviation lease
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6/16/2017 10:40:16 AM
Creation date
5/3/2017 4:09:49 PM
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City Clerk
City Clerk - Document
Resolutions
City Clerk - Type
Approving
Number
2017-73
Date
4/18/2017
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f. Levy or Attachment. Except as permitted pursuant to a SNDA executed by <br />Lessor, Lessee and Lessee's lender and/or any related loan documents, this <br />Lease or any estate of Lessee hereunder is levied upon under any attachment or <br />execution and such attachment or execution is not vacated within thirty (30) days. <br />15.02. Lessor Remedies. If an event of default occurs and the applicable cure period has <br />expired, at any time after such occurrence and prior to the cure thereof, with or <br />without additional notice or demand and without limiting Lessor's rights or <br />remedies as a result of the event of default, Lessor may do the following: <br />a. Terminate this Lease. Lessor may terminate this Lease on written notice to Lessee. <br />In such event, Lessee shall immediately surrender the Leased Premises to Lessor <br />and, if Lessee fails to do so, Lessor may enter and take possession of the Leased <br />Premises and remove Lessee and any other person occupying the Leased Premises, <br />using reasonable force if necessary, without prejudice to any other remedy it may <br />have for possession or arrearages in Rent and, except as provided in Section <br />11.05.b., without being liable for any resulting damages. Lessee agrees to pay to <br />Lessor the actual and reasonable amount of related costs and expenses incurred by <br />Lessor, inclusive of reasonable attorney and court costs, within thirty (30) days of <br />Lessor's request for payment, accompanied by evidence of such costs and <br />expenses. If Lessor terminates this Lease, Lessee shall be deemed to have <br />relinquished all right, title and interest in and to all Improvements, and such shall <br />become the property of Lessor. <br />b. Relet the Leased Premises and Receive the Rent. Lessor may terminate Lessee's <br />right to possession of the Leased Premises and enjoyment of the rents, issues and <br />profits there from without terminating this Lease or the estate created hereby. If <br />Lessor retakes possession of the Leased Premises as provided herein, Lessor may <br />lease, manage and operate the Leased Premises and collect the rents, issues and <br />profits there from for the account of Lessee, and credit to the satisfaction of <br />Lessee's obligations hereunder the net rental thus received, after deducting <br />therefrom all reasonable, actual out-of-pocket third party costs and expenses of <br />repossessing, leasing, managing and operating the Leased Premises. <br />Enter and Perform. Lessor shall have the right, but not the obligation, to enter <br />upon the Leased Premises and perform any obligation that Lessee has failed to <br />perform. All reasonable and actual costs and expenses incurred by Lessor in <br />performing such obligations of Lessee shall be deemed additional Rent payable by <br />Lessee to Lessor. <br />Other Remedies. Lessor may exercise any other right or remedy available to <br />Lessor under this Lease or at law or in equity. <br />15.03. Default by Lessor. Lessor shall be deemed to be in default of this Lease (herein, a "Lessor <br />Default") if Lessor shall fail to keep, perform or observe any of the covenants, agreements, <br />terms or provisions contained in this Lease that are to be kept or performed by Lessor and <br />Lessor shall fail to cure such failure within thirty (30) days after delivery by Lessee to <br />Lessor of written notice specifying the failure; provided, so long as the subject default did <br />not occur due to Lessor's breach of an affirmative covenant herein (e.g., pursuant to <br />Sections 1.0 1, 1.05, 1.06, 3.09, 7.01(a), 9.02, and Article 8), if the failure is curable other <br />than by the payment of money but cannot be cured within such thirty (30) day period, <br />19 <br />
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