Assignment to County. Tenant shall obtain the written agreement of the Contractor that, at County election and in the event that Xxxxxx fails to perform its contract with the Contractor, such Contractor will recognize County as the assignee of the contract with the Contractor, and that County may, upon such election, assume such contract with credit for payments made prior thereto. Notwithstanding the foregoing, the County’s rights under this Section 5.2.2 are hereby made subject and subordinate to the lien of each Leasehold Mortgage.
Assignment to County. Notwithstanding any other provision(s) in this Lease, if the circumstance described in Section 1.3(b) occurs, before Landlord may take possession of the Leased Premises, Landlord shall first provide written notice to both the County of Marin and Tenant, between one-hundred ninety-nine (199) days and one-hundred thirty nine (139) days before the expiration of the then-current term of the Lease or any extension thereof, that the County of Marin may become the assignee of this Lease due to Tenant’s failure to extend (“Notice of Possible Assignment Due to Failure to Extend”). Such notice shall cite Sections 1.3(b) and 14.1(a) herein and also shall set forth the nature of Tenant’s failure to extend giving rise to the Landlord’s provision of the Notice of Possible Assignment Due To Failure to Extend. If the
Assignment to County. Tenant shall obtain the written agreement of the general contractor that, at County’s election and in the event that Tenant fails to perform its contract with the general contractor, such general contractor will recognize County as the assignee of the contract with the general contractor, and that County may, upon such election, assume such contract with credit for payments made prior thereto.
