Landlord Xxxx Xxxxxx. Landlord hereby waives all statutory liens to which Landlord might be entitled on Tenant’s or any sublessee’s personal property, goods, equipment, inventory, furnishings, chattels, accounts and other assets that are not permanently affixed to the Premises. An asset is not permanently affixed to the Premises if its removal will not damage the Premises or the improvements thereon. Landlord agrees that any Leasehold Mortgagee or other individual, person or entity (“Other Party”) shall have the right to file and/or record one or more financing statements against, and to take security interests in, any and all any and all fixtures (unless a part of the improvements), furniture, equipment, apparatus and other similar personal property and any and all renewals, replacements or, additions to and substitutions therefor and located in, attached or affixed to and used in connection with the improvements or the operation thereof; excluding, however, any such items belonging to present or future subtenants (collectively, “Personal Property”) at any time located at the on the Premises and the proceeds of such Personal Property, and further that the Leasehold Mortgagee or Other Party may enter upon the Premises to remove the same from the Premises or to conduct sales of the same at the Premises, whenever the Leasehold Mortgagee or Other Party elects to enforce such security interest, if given by Tenant; provided, however, the Leasehold Mortgagee or Other Party shall (i) provide Landlord with evidence of commercially reasonable liability insurance naming Landlord as an additional insured prior to entering the Premises and (ii) repair any damage to the Premises caused by the removal of any such Personal Property to the reasonable satisfaction of Landlord. Such rights will continue for ninety (90) days after the Leasehold Mortgagee or Other Party receives notice in writing from Landlord that Tenant no longer is in lawful possession of the Premises. Landlord hereby disclaims any title to or rights in such Personal Property of Tenant (or the proceeds thereof) and subordinates to the security interest of any and all Leasehold Mortgagees and Other Parties, if any, Landlord may have pursuant to any Landlord’s lien, encumbrance or other interest which Landlord may now or hereafter acquire in such Personal Property, whether acquiring the same pursuant to this Lease or pursuant to applicable law.
Landlord Xxxx Xxxxxx. Landlord hereby acknowledges that Tenant may enter into a personal property lease agreement or financing for its business or equipment to be physically located at the leased premises. In the event that a lender or equipment lessor requires a commercially reasonable Landlord Waiver or Subordination Agreement to be signed by Landlord as acknowledgment of such, Landlord hereby agrees to furnish said Landlord Waiver or Subordination Agreement THE REMAINDER OF THIS PAGE HAS BEEN INTENTIONALLY LEFT BLANK CONSULT YOUR ATTORNEY. NO REPRESENTATION OR RECOMMENDATION IS MADE BY THE LANDLORD AS TO THE LEGAL SUFFICIENCY, LEGAL EFFECT OR TAX CONSEQUENCES OF THIS DOCUMENT. TENANT: LANDLORD: PLAZA AT LAKESIDE, LLC, a California limited liability company Xxxxx Xxxxxxx By: Guardian Commercial Real Estate, L.P., a California limited partnership, its Sole Member Xxxxxxxxx Xxxxxxx Xxxxxxx) (aka Xxxxx By: Guardian Realty GP, LLC, a Delaware limited liability company, its Co-General Partner By: Name: Title: EXHIBIT “A” SITE PLAN EXHIBIT “A-1” LEGAL DESCRIPTION OF CENTER LAKESIDE PLAZA SHOPPING CENTER CITY OF XXXXXX VALLEY, COUNTY OF RIVERSIDE, STATE OF CALIFORNIA Being a portion of Parcels 1 and 2 of Parcel Map 24193, in the City of Xxxxxx Valley, County of Riverside, State of California, as shown on Parcel Map recorded in Book 164, Pages 57 through 58, in the Office of the County Recorder of said County, being more particularly described as follows: BEGINNING at a point at the most westerly corner of said Parcel 2, thence northwesterly along the westerly line of said Parcel 1, North 23°16’47” West a distance of 154.33, to an angle point; Thence northeasterly leaving said westerly line of said Parcel 2, North 66°42’31” East a distance of 635.10, to a point lying on the westerly right-of-way of Xxxxxxxx Street, being 111.50 feet in width as shown on said Parcel Map 24193; Thence southeasterly along said westerly right-of-way of Xxxxxxxx Street, South 23°17’13” East a distance of 620.81 feet, to an angle point in said right-of-way of Xxxxxxxx Street; Thence, South 20°35’24” West a distance of 31.92 feet, to a point lying on the northerly right-of- way of Iris Avenue, being 134.00 feet in width as shown on said Parcel Map 24193; Thence southwesterly along said northerly right-of-way of Iris Street, South 64°31’37” West a distance of 605.50 feet, to a point on a line parallel with, and distant 8.00 feet northeasterly, measure at right angles from the westerly line of said Parcel 2; ...
