Common Contracts
1 similar Assignment, Assumption and Consent Agreement contracts
Meeting DateAssignment, Assumption and Consent Agreement • June 15th, 2021
Section: Item Number: 4.D Department: Real Estate Requested Action: Consideration of approving: 1) Assignment, Assumption and Consent Agreement for Abavision Supply, Co. assigning the Lease Agreement dated March 26, 2013, as amended, to Canaveral Holdings Inc.; and 2) Landlord’s Subordination and Consent Agreement in connection with Tenant's loan to finance its build out of the Premises. The document has been reviewed and approved by General Counsel and Port Attorney. (Scott Shepard) Summary Explanation & Background: Abavision Supply, Co. began doing business as Crew Express in 2015 with 3,840 SF, serving ship crew and passengers through its ship crew storefront in the Terminal 6 Parking Garage. Crew Express has since leased an additional 14,520 SF of adjoining space due to the growth in cruise activity at the Port. The tenant wishes to secure a construction/improvement loan to renovate the existing space and build-out the additional space. All machinery, equipment, furniture and inv
