8x8 2016 Annual Report Download - page 126

expenses and employ counsel. All sums paidby Landlord and all penalties, interest andcosts, including, but not limited to, collection costs and
attorneys' fees reasonably incurred in connection therewith, shall be due and payable by Tenant to Landlord, as an item of Additional Rent, on
demandbyLandlord,togetherwithinterestthereonattheApplicableRatefromthedateofsuchdemanduntilpaidbyTenant.
15.11LimitationofActionsAgainstLandlord.Anyclaim,demandorrightofanykindbyTenantwhichisbaseduponorarisesinconnectionwith
thisLeaseshallbebarred unlessTenantcommencesanaction thereonwithintwelve (12)monthsafterthedate thattheact, omission,eventor
defaultuponwhichtheclaim,demandorrightarises,hasoccurred.Inaddition,ifLandlordcommencesanysummaryproceedingoractionagainst
Tenant for the nonpayment of Rent, Tenant shall not interpose any counterclaims of any nature or description in any such proceeding or action
(unlesssuchcounterclaimsshallbemandatory),ratherTenantshallberelegatedtobringinganindependentactionatlawtherefor.
15.12WaiverofJuryTrial.TOTHEFULLESTEXTENTPERMITTEDBYLAW,TENANTHEREBYWAIVESTHERIGHTTOTRIALBYJURYIN
ANYACTION,PROCEEDINGORCOUNTERCLAIMBROUGHTBYTENANTONANYMATTERWHATSOEVERARISINGOUTOFORINANY
WAY CONNECTED WITH THIS LEASE, THE RELATIONSHIP OF LANDLORD AND TENANT, TENANT'S USE OR OCCUPANCY OF THE
PREMISESAND/ORANYCLAIMOFINJURYORDAMAGE.
ARTICLEXVI
SUBORDINATION;ESTOPPELCERTIFICATE;FINANCIALS
16.1    Subordination, Attornment and Non-Disturbance . Without the necessity of any additional document being executed by Tenant for the
purposeofeffectingasubordination,andattheelectionofLandlordoranyMortgageeoranygroundlessorwithrespecttothelandofwhichthe
Premisesare apart,thisLeaseand anyfuture amendmentofthisLeaseshallbesubject andsubordinateatalltimesto(i)allgroundleasesor
underlyingleaseswhichmaynow existorhereafterbeexecutedaffectingtheBuilding,and (ii)thelienofanyMortgagewhichmaynowexist or
hereafter be executed in any amount for which the Property, the Building, ground leases and/or underlying leases, and/or Landlord's interest or
estate in any of said items, is specified as security. Landlord or any such Mortgagee or ground lessor shall have the right, at its election, to
subordinateorcausetobesubordinatedanysuchgroundleasesorunderlyingleasesoranysuchlienstothisLease.Nosubordinationshallpermit
materialinterferencewithTenant'srightshereunder,andanygroundlessororMortgageeshallrecognizeTenantanditspermittedsuccessorsand
assignsasthetenantofthePremisesandshallnotdisturbTenant'srighttoquietpossessionofthePremisesduringtheTermsolongasnoEvent
ofDefaulthasoccurredandiscontinuingunderthisLease.IfLandlord'sinterestinthePremisesisacquiredbyanygroundlessororMortgagee,orif
proceedingsarebroughtforthe foreclosureof, orintheeventof exerciseof powerofsaleunder,any Mortgagemade byLandlordcoveringthe
Premisesoranypartthereof,orifaconveyanceinlieuofforeclosureismadeforanyreason,Tenantshall,notwithstandinganysubordinationand
upontherequestofsuchsuccessorininteresttoLandlord,attorntoandbecometheTenantofthesuccessorininteresttoLandlordandrecognize
suchsuccessorininterestastheLandlordunderthisLeaseandanyamendmentofthisLease.AlthoughthisSection16.1isself-executing,Tenant
covenants and agrees to execute and deliver, upon demand by Landlord andin the form requested by Landlord, or any Mortgagee, or ground
lessor,anyadditionaldocumentsevidencingthepriorityorsubordinationofthisLeaseandanyamendmentofthisLeasewithrespecttoanysuch
groundleasesorunderlyingleasesorthe lienofanysuchMortgage, and/orevidencing theattornment ofTenant toanysuccessorininterest to
Landlordashereinprovided.Tenant'sfailuretotimelyexecuteanddeliversuchadditionaldocumentswithinten(10)daysfollowingwrittenrequest
therefor,whichfailurecontinuesforfive(5)daysafterasecondwrittenrequest,shall,atLandlord'soption,constituteanEventofDefaulthereunder.
16.2  Estoppel Certificate. Tenant shall, within ten (10) days following written request by Landlord from time to time, execute and deliver to
Landlordanydocuments,includingestoppelcertificates,inaformrequiredbyLandlord(i)certifyingthatthisLeaseisunmodifiedandinfullforce
andeffector,ifmodified,attachingacopyofsuchmodificationandcertifyingthatthisLease,assomodified,isinfullforceandeffectandthedate
towhichtheRentandotherchargesarepaidinadvance,ifany,(ii)acknowledgingthattherearenot,toTenant'sknowledge,anyuncureddefaults
onthepartoftheLandlordorstatingthenatureofanyuncureddefaults,(iii)evidencingthestatusofthisLeaseasmayberequiredbyaMortgagee
or a purchaser of the Premises, (iv) certifying the current Monthly Rent amount and the amount and form of Security Deposit on deposit with
Landlord, and (v) certifying to such other information as Landlord, Landlord's Agents, Mortgagees and/or prospective purchasers or their
Mortgagees may reasonably request, including, but not limited to, any requested information regarding Hazardous Materials. Tenant's failure to
deliveranestoppelcertificatewithinten(10)daysafterdeliveryofLandlord'swrittenrequesttherefor,whichfailurecontinuesforfive(5)daysaftera
secondwrittenrequest,shall,atLandlord'soption,constituteanEventof
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