HomeMy WebLinkAbout0580 . ~ ' • • ~ '
4. This Agreement shall not be construed as an agreeQent ,
. ;
cancelling the lease nor releasing the Lessee of its obligation ~
~
r.o pay rent to the Lessor upon the lease as applicable to any ;
,
. . . ;
condominium uni~ at Villa Del 301 Condominium except such units j
;
as are designated in.paragraph 2 hereof, nor shall it be con-
. ~
strued as releasfng thn-,Lessee of its obligation to perform the ;
provisions of the lease except for the payaent of rent as waived
by the provisions hereof. Lessee. by the execution of this- :
i
:
Agreement, acknowledges that the lease is in full force and ~
~
effect. -
- .
5. This Agreement shall not be construed as an sgreemeat_ ~
cancelling the subleases described in paragraph 3 above nor
releasing the Sub-Lessees~of such leases from perfo=mi.ng their
;
obligations pursuant to the provisions of such subleases, except ~
f
for the obligation to pay rent.
~ _
6, This Agreement shall not be construed as transzerring, ;
assigning or conveying to the Lessee any of Lessor's right, ?
~
title oz interest in and to the o•«-ners:?ip of the le~se nor as ;
~
transferring, assigning or. conveying to anq of the Sub-Lessees ~
.
any of Lessee's right, title.or interest as Sub-Lessor in and ~
. ~
; ~ • . ;
; to the subleases above described. €
~
~ 7. Lessor covenants and agrees with the Sub-Lessees that ~
~ z
~ ~
~ in the event the Lessor cancels and terminates the lease, Sub- _ f
i
Lessees shall be allowed to remain in possession of the property ' f
~ ~
demised to them pursuant to the pYOVisions of~the sublease agree-
ments and to continue to exercise and enjoy such rights~zs are
granted to them pursuant to the provisions of such sublease .
f
~ agreements with the same force and effect as if Lessor does '
~ ~
~ not cancel and terminate the lease.
~ g, This Agreement Waiving Rent shall be binding upon and
~
~ .
~ enure to the benefit of Lessee and Lessor and their successors ;
Y -
1
< ,
~ and assigns and shall enure to the benefit of the Sub-Lessees,
~ .
~
~
- 3 -
~ ~W
~ BOOK ~7 PAGE
~ - ~
~ . ,
: ~
_.~.w~. ;a - : _ =
~