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2001-278
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2001-278
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Last modified
4/20/2022 1:15:59 PM
Creation date
5/25/2021 2:33:04 PM
Metadata
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Template:
Official Documents
Official Document Type
Lease
Approved Date
10/16/2001
Control Number
2001-278
Entity Name
Los Angeles Dodgers, Inc.
Subject
Dodgertown Facility Lease Agreement
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Page 16 of 29 <br />(c) The Dodgers are finally adjudicated insolvent or bankrupt or admit in writing <br />their inability to pay their debts as they mature, or make an assignment for the benefit of <br />creditors, or apply for or consent to the appointment of a trustee or receiver for the Dodgers <br />or for the major part of their property; <br />(d) A trustee or receiver is appointed for the Dodgers or for the major part of their <br />property and such trustee or receiver is not discharged within one hundred eighty (180) days <br />after such appointment; <br />(e) Bankruptcy, reorganization, arrangement, insolvency or liquidation <br />proceedings, or any other proceedings for relief under any bankruptcy law, or similar law for <br />the relief of debtors, are instituted by or against the Dodgers, and, if instituted against the <br />Dodgers, are allowed against them or are consented to by them or are not dismissed within <br />one hundred eighty (180) days after such institution, to the extent permitted by law; or <br />(f) The Dodgers are in default under the Development Agreement and such <br />default continues for thirty (30) days after written notice thereof has been delivered by the <br />County to the Dodgers; provided, however, that the Dodgers shall not be in Default :with <br />respect to matters which cannot reasonably be cured within thirty (30) days so long as within <br />such thirty (30) day period, the Dodgers commence such cure and diligently proceed to <br />complete the same thereafter_ <br />If a Default incurs, tilc Cllllnty dial lia: a Ute fliiiS drid rem. cd te5 Sci lurth Iii ills Ar'rccLi%Pu, :+'iiCli <br />shall be distinct, separate, and, to the extent not mutually exclusive, cumulative, and shall not operate <br />to exclude or deprive the County of any other right or remedy allowed it by law or equity. <br />Section 10.02. County Default. In the event of any failure by the County to observe or <br />perform any material covenant, agreement, condition, or provision of this Agreement wherein the <br />Dodgers' remedies on account thereof are not otherwise specifically provided for in this Agreement, <br />and if such failure shall continue for thirty (30) days after notice thereof has been delivered by the <br />Dodgers to the County, then the County shall be deemed to be in Default hereunder; provided, <br />however, that the County shall not be in Default with respect to matters which cannot reasonably be <br />cured within thirty (30) days so long as Within such thirty (30) day period. the County commences <br />such cure and diligently proceeds to complete the same thereafter. <br />Section 10.03. Rgmedie In the event of a Default by either party (other than a Cessation <br />of Use by the Dodgers), the party not in Default shall be entitled, as a non-exclusive remedy, and in <br />addition to or in lieu of an action for damages. to seek an injunction or decree for specific <br />performance or equitable relief from a court of competent jurisdiction to enjoin or remedy the _ <br />Default <br />N <br />;T <br />Ln <br />OD <br />N <br />Page 16 of27 <br />https://ori.indian-river. org///Document/GetDocumentForPrintPNG/?request=AQAAANC... 5/25/2021 <br />
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