8x8 2016 Annual Report Download - page 125

15.4   NoSurrender . Tenant waives any rights of redemption, reinstatement or relief from forfeiture under California Code of Civil Procedure
Sections1174and1179andCaliforniaCivilCodeSection3275,andunderanyotherpresentorfuturelawsifTenantisevictedorLandlordtakes
possessionofthePremisesorthisLeaseisterminatedbyreasonofanEventof Default.NoactorthingdonebyLandlordorLandlord'sAgents
duringtheTermshallbedeemedanacceptanceofasurrenderofthePremises,andnoagreementtoacceptasurrendershallbevalidunlessin
writingandsignedbyLandlord.NoemployeeofLandlordorofLandlord'sAgentsshallhaveanypowertoacceptthekeystothePremisespriorto
theterminationofthisLease,andthedeliveryofthekeystoanyemployeeshallnotoperateasaterminationofthisLeaseorasurrenderofthe
Premises.
15.5 Intereston LatePayments.AnyRentdueunderthisLeasethatisnotpaidtoLandlordwithinthree(3)daysofthedatewhendueshall
commencetobearinterestattheApplicableRateuntilfullypaid.NeithertheaccrualnorthepaymentofinterestshallcureanydefaultbyTenant
underthisLease.
15.6Attorneys'andOtherFees.AllsumsreasonablyincurredbyLandlordinconnectionwithanEventofDefaultorholdingoverofpossessionby
Tenant after the expiration or termination of this Lease, including, but not limited to, all costs, expenses and actual accountants', appraisers',
attorneys'andotherprofessionalfees,andanycollectionagencyorothercollectioncharges,shallbedueandpayablebyTenanttoLandlordon
demand, and shall bear interest at the Applicable Rate from the date of such demand until paid by Tenant. In addition, if any action shall be
institutedbyeitherofthepartiesheretofortheenforcementofanyofitsrightsinandunderthisLease,thepartyinwhosefavorjudgmentshallbe
renderedshallbeentitledtorecoverfromtheotherpartyallexpensesreasonablyincurredbytheprevailingpartyinsuchaction,includingactual
costsandreasonableattorneys'fees.
15.7  Landlord's Default. Landlord shall not be deemed to be in default in the performance of any obligation required to be performed by it
hereunder unless and until it has failed to perform such obligation within thirty (30) days after receipt of Notice by Tenant to Landlord (and the
Mortgagees who have provided Tenant with Notice) specifying the nature of such default; provided, however, that if the nature of Landlord's
obligation is such that more than thirty (30) days are required for its performance, then Landlord shall not be deemed to be in default if it shall
commencesuchperformancewithinsuchthirty(30)dayperiodandthereafterdiligentlyprosecutesthesametocompletion.
15.8LimitationofLandlord'sLiability.TheobligationsofLandlorddonotconstitutethepersonalobligationsoftheindividualpartners,managers,
members,trustees,directors,officersorshareholdersofLandlordoritsconstituentpartners.IfLandlordshallfailtoperformanycovenant,term,or
condition of this Lease upon Landlord's part to be performed, Tenant shall be required to deliver to Landlord Notice of the same. If, as a
consequenceofsuchdefault,TenantshallrecoveramoneyjudgmentagainstLandlord,suchjudgmentshallbesatisfiedonlyoutoftheproceedsof
thesalereceiveduponexecutionofsuchjudgmentandleviedthereonagainsttheright,titleandinterestofLandlordintheBuildingandoutofrent
orotherincomefromsuchpropertyreceivablebyLandlordoroutofconsiderationreceivedbyLandlordfromthesaleorotherdispositionofallor
anypartofLandlord'sright,titleorinterestintheBuilding,andnoactionforanydeficiencymaybesoughtorobtainedbyTenant.Inaddition,inno
eventshallLandlordbeliablefor(i)damagesinexcessofLandlord'sequityintheBuildingtoamaximumoftwentypercent(20%)ofthefairmarket
valueoftheBuildingor(ii)anyconsequentialdamages,opportunitycostsorlostprofitsincurredorsufferedbyTenantasaresultofadefaultby
LandlordunderthisLease.
15.9MortgageeProtection.UponanydefaultonthepartofLandlord,TenantwillgiveNoticebyregisteredorcertifiedmailtoanyMortgageewho
has provided Tenant with Notice of its interest together with an address for receiving Notice, and shall offer such Mortgagee a reasonable
opportunitytocurethedefault(whichinnoeventshallbelessthansixty(60)days),includingtimetoobtainpossessionofthePremisesbypowerof
saleorajudicialforeclosure,ifsuchshouldprovenecessary,toeffectacure.TenantagreesthateachoftheMortgageestowhomthisLeasehas
beenassignedbyLandlordisanexpressthirdpartybeneficiaryhereof.TenantshallnotmakeanyprepaymentofMonthlyRentmorethanone(1)
monthinadvancewithoutthepriorwrittenconsentofsuchMortgagee.Tenantwaivesanyrightunderanypresentorfuturelawtothecollectionof
any security deposit from such Mortgagee or any purchaser at a foreclosure sale of such Mortgagee's interest unless such Mortgagee or such
purchasershallhaveactuallyreceivedandnotrefundedthesecuritydepositinaccordancewiththetermsofthisLease.Tenantagreestomakeall
paymentsunderthisLeasetotheMortgageewiththemostseniorencumbranceuponreceivingadirection,inwriting,topaysaidamountstosuch
Mortgagee.TenantshallcomplywithsuchwrittendirectiontopaywithoutdeterminingwhetheraneventofdefaultexistsundersuchMortgagee's
loantoLandlord.
15.10   Landlord'sRight to Perform . If Tenant shall at any time fail to make any payment or perform any other act on its part to be made or
performedunderthisLease,Landlordmay(butshallnotbeobligatedto),atTenant'sexpense,andwithoutwaivingorreleasingTenantfromany
obligationofTenantunderthisLease,makesuchpaymentorperformsuchotheracttotheextentLandlordmaydeemdesirable,andinconnection
therewith,pay
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