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SU0012635
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2600 - Land Use Program
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QX-91-0006
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SU0012635
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Entry Properties
Last modified
11/14/2019 1:15:54 PM
Creation date
11/14/2019 1:08:26 PM
Metadata
Fields
Template:
EHD - Public
ProgramCode
2600 - Land Use Program
RECORD_ID
SU0012635
PE
2605
FACILITY_NAME
QX-91-0006
STREET_NUMBER
8000
Direction
N
STREET_NAME
WAVERLY
STREET_TYPE
RD
City
LINDEN
Zip
95236-
ENTERED_DATE
11/14/2019 12:00:00 AM
SITE_LOCATION
8000 N WAVERLY RD
QC Status
Approved
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Tags
EHD - Public
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90095875 <br /> Property subject to all conditions, rights, easements , <br /> restrictions , and other limitations of record. Notwithstanding <br /> anything to the contrary provided in this Lease, Owner shall have <br /> the right to use that portion ( "Excluded Property" ) of the <br /> Property described in Exhibit "B" attached to this Lease and <br /> incorporated into this Lease by reference as a storage area; <br /> provided, however, that Owner' s use of the Excluded Property does <br /> not in any manner interfere with Lessee' s operations on the <br /> Property. <br /> 2 . Continaencv. Owner and Lessee acknowledge that <br /> the shareholders of Lessee have entered into negotiations with <br /> INSPIRATION RESOURCES CORPORATION, a Maryland corporation <br /> ( " IRC" ) , to sell all of the outstanding shares of capital stock <br /> ( "Lessee ' s Stock" ) of Lessee to IRC . Notwithstanding any other <br /> provision of this Lease, if IRC does not purchase Lessee' s stock <br /> by November 1 , 1990 , then this Lease shall be null and void and <br /> of no force and effect and neither party shall have any further <br /> obligations under this Lease . If IRC does purchase Lessee' s <br /> Stock by November 1 , 1990 , then the Property shall be leased by <br /> Owner to Lessee commencing as of the date of this Lease as <br /> provided in this Lease . <br /> A. Sale of Mobile Home. As additional <br /> consideration for leasing the Property to Lessee, Lessee hereby <br /> agrees that upon the close of escrow of the sale of Lessee' s <br /> Stock to IRC, Lessee shall pay to Owner the sum of One Hundred <br /> Fifty Thousand and No/100ths Dollars ( $150, 000 . 00) in cash, <br /> subject to the payment of Exceptions 2�9 and 11 of that <br /> 763004 . 3775 -2- JSJ <br /> 092090 092690 <br />
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