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HomeMy WebLinkAbout0923 ~ . _ - . _ _ ~ , __..r._ - t G; Tl,i: ~greemsnt shill not b~ construed is zn ~ ~org~~nt ' cancelling the laasa nor releasing tht Lessen of its obligation ' zo pay rent to the Lessor upon_the lease as applicable to any condominium-unit a~ Vi11a Del Sol Condominivma except such units as are designated in paragraph 2 hereof, nor shall ft ba con- - strued as releasing the~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- Agreement, acknowledges that the lease is in full force and effect. = ~ ~ - i . 5. This Agreement shall not be construed as as agreement_ cancelling the subleases described in paragraph 3 above nor releasing the Sub-Lessees ~of -such leases from performing their . obligations pursuant to the provisions. of si:ch subleases, except for the obligation to pay rent. 6. This Agreement shall not be construed as transferring, assigning or conveying to the Lessee any of Lessor's right, - . -title o: 'interest in and to the o«-ners:iip of the lease nor 'as transferring, assigning or conveying to any 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 f in the event t_he Lessor cancels and terminates the lease, Sub- - Lessees shall be allowed to remain in possession of the property demised to them pursuant to the provisions of-the sublease agree- meats and to continue to exercise and enjoy such rights as are granted to them pursuant to the provisions of such sublease agreements with the same force and effect as if Lessor does ~ not cancel and terminate the lease. 8. This Agreement Waiving Rent shall be binding upon and r enure to the benefit of Lessee and Lessor and-their successors and assigns and shall enure to the benefit of the Sub-Lessees, f 3 _ . ~L~ PAGE i. _