18-73 Lease w/ Marwood for off street parking

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-2- "3, The Assignor represents and warrants that Assignor is the sole and absolute owner of the leasehold estate in the premises described 'in the Lease, t~at Assignor is ~ot ir, default tn its performance of any of the terms, co~e~ants a~.d.' con~tions thereof, that a true and correct copy of the Lease is attached hereto and heretofore has been delivered by Assignor to Assignee and that there have Been and are no modifications, amendments, cancellations or concessions of the Lease. ~.. Assignor further agrees to exercise its options to renew the Lease in accordance with the provisions of Section ~ of the Lease unless Assignor and Assignee shall have otherwise agreed in writing not less than thirty days prior t.o the date on which suCh exercise is required to be made under the terms of the Lease. Assignor agrees not to consent to any modi- fications, amendments, extensions (except as othervise expressly authorized herein) or cancellations of the Lease without Assignee's prior written consent. Assignor further agrees to notify Assignee promptly when and if any future. leases of the premises described in the Lease are executed by Assignor and the City, or its successors and assigns of either, and to furnish the Assignee with copies of all such leases and to assign all its rights thereunder to Assignee by instrument similar in form to this instrument or otherwise satis- factory to Assignee. Assignor further agrees, if so requested by Assignee, to use its best efforts to obtain the City's agreement to an extension of the term of the Lease or to a new lease fox' the period commencing at the end of the last renewal term of the Lease for a term at least equal to the remaining balance of the term of the Ground Lease. Assignor also agrees to perform all the obligations of the lessee under the terms of the Lease and to give Assignee prompt notice of Assignor's receipt ~f any notice of default or other communication from the lessor under the Lease. ~. ThAs Assignment is made on the following terms, covenants and conditions: .(i) For-as long as there exists no Event of Default; as defined in the 0round Lease, or any amendment or supplement thereto, Assignor shall have the right to retain, use and enjoy the premises described in the Lcase and all rights granted under the terms of the Lease.