COMPLIANCE INFO_2002-2007 - Laserfiche WebLink

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Section 26.01 This Lease shall be subject and subordinate to all ground leases and the lien of all mortgages and deeds of trust which now or hereafter affect Landlord's interest in the Demised Premises, and all amendments thereto, all without the necessity of Tenant's executing further instruments to effect subordination. The interest in the Demised Premises of any such future ground lessee or lienholder shall have priority over the interest of Tenant in this Lease and in the Demised Premises provided that such ground lessee or lienholder executes a non -disturbance and attomment agreement on reasonable terms deemed acceptable by Landlord. If requested, Tenant shall execute and deliver to Landlord within ten (10) days after Landlord's request whatever documentation that may reasonably be required to further effect the provisions of this section. Section 26.02 In the event of a foreclosure proceeding, the exercise of the power of sale under any mortgage or deed of trust or the termination of a ground lease, Tenant shall, if requested, attom to the purchaser thereupon and recognize such purchaser as Landlord under this Lease; provided, however, Tenant's obligation to attom to such purchaser shall be conditioned upon such purchaser's written agreement not to disturb Tenant's interest in this Lease, except that such purchaser shall be entitled to enforce all rights- of Landlord hereunder. Section 26.03 Tenant shall provide to Landlord, within ten (10) days after written request from Landlord, a current financial statement for any and all guarantors of this Lease, Tenant and Tenant's business prepared according to generally accepted accounting practices consistently applied, and such other financial information or tax returns as may be reasonably required by Landlord. Landlord, as part of the request for such information, shall designate the person or persons to whom the information will be revealed. Tenant grants Landlord permission to reveal said information to the person or persons so designated and to no others. Section 26.04 Landlord shall not unreasonably withhold its consent to a request by Tenant to encumber or hypothecate Tenant's interest in the leasehold estate created by this Lease with a leasehold deed of trust securing a loan from a lender (a "Lender") approved by Landlord to Tenant in an amount not to exceed Five Hundred Thousand Dollars ($500,000), by mortgage, deed of trust, assignment of leases and rents, assignment, security agreement, or other security document (collectively, a "Leasehold Mortgage"). All proceeds from such Leasehold Mortgage shall remain the property of Tenant. Section 26.05 Landlord shall not be obligated to subordinate any or all of Landlord's right, title or interest in and to the Demised Premises and this Lease to the lien of any Leasehold Mortgage. Section 26.06 A Leasehold Mortgage shall encumber only Tenant's leasehold interest in the Demised Premises, and shall not encumber Landlord's right title or interest in the Demised Premises. Landlord shall have no liability whatsoever for the payment of the note or any obligation secured by any Leasehold Mortgage or any other provisions of such note or the Leasehold Mortgage or related obligations. Should there be any conflict between the provisions of this Lease and of any Leasehold Mortgage, the provisions of this Lease shall control. No Leasehold Mortgage will be for a term longer than the Term of this Lease, as and if extended as provided herein. Either prior to or concurrently with the recordation of the Leasehold Mortgage, Tenant shall cause a fully conformed copy thereof and of the note secured thereby to be delivered to Landlord, together with a written notice containing the name and post office address of the Lender (as defined herein). R