Provision Document Section  
Notes: Lease 7.1 T must obtain passing scores from Department of Health. 3rd failure shall constitute a default. No notice required.

Legal/Financial

Provision Document Section  
Assignment &
Subletting:
Lease
Assign.
17.1 T may not assign or sublet without LL written consent. T and Guarantor remain liable. T pays LL 100% of all profits. LL may terminate. Lease has been assigned.
Subordination / SNDA: Lease
Adden.
22.1
Lender
Subord.
The Lease shall be subordinate to any current or future mortgages. T will execute any document requested by LL confirming such subordination. LL to provide SNDA upon Lease execution. Lease is subordinate to mortgage with American Eagle Bank California, N.A., as Trustee for First Union National Bank.
Default: Lease 19.1 Monetary: 10 days after LL written notice. Notice only required twice in a 12-month period, thereafter, immediately upon failure to pay on date due.
Estoppel Certificate: Non-Monetary: 30 days after LL written notice.
Lease 27.8 T shall provide an Estoppel Certificate to LL upon 10 days written notice.
Landlord Notices:
Lease
Consent
1.1b,
24.1
7
XYZ, Ltd.
123 Blvd. Suite 200
New York, NY 12345
With a copy to:
Lease
Consent
1.1b,
24.1
7
XYZ Management, Inc.
456 Main Street
New York, NY 12345
Tenant Notices:
Assign. 3 ABC, Ltd.
789 Main Ave.
New York, NY 12345
Attn: John Smith
With a copy to:
Assign. 3 ABC North, Ltd.
1200 Main Blvd.
New York, NY 12345

Legal/Financial

Provision Document Section  
Tenant’s Insurance: Lease 13.2
Liability: Comprehensive general liability insurance with contractual liability endorsement with minimum limits of (i) $1M for injuries or death per person, (ii) $2M for injuries or death per occurrence and (iii) $300,000.00 for property damage.
Property: Fire and extended coverage for replacement cost of T’s property.