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2000-266B
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2000-266B
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Last modified
7/18/2024 3:17:25 PM
Creation date
7/16/2024 10:48:29 AM
Metadata
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Template:
Official Documents
Official Document Type
Agreement
Approved Date
09/07/2000
Control Number
2000-266B
Agenda Item Number
10.B.2.
Entity Name
Dodgetown
Los Angeles Dodgers, Inc.
Subject
Facility Lease Agreement
Development
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4D <br />i <br />C-1 <br />(a) Failure by the Dodgers to observe or perform in any material respect any covenant, <br />agreement, c,crndition, or provision of this Agreement, if such failure continues for thirty (30) days <br />after written notice thereof has been delivered by the County to the Dodgers; provided, however, <br />that the Dodgers shall not be in Default with respect to matters which cannot reasonably be cured <br />within thirty (30) days so long as within such thirty (30) day period, the Dodgers commence such <br />cure and diligently proceed to complete the same thereafter, <br />(b) The levy upon, under execution or the attachment by legal process, the Dodgers' <br />interest hereunder, or the filing or creation of a lien in respect of such interest, which levy, <br />attachment, or lien is not released, discharged or bonded against within one hundred eighty (180) <br />days from the date of such Filing; <br />(c) The Dodgers are fumlly adjudicated insolvent or bankrupt or admit in writing their <br />inability to pay their debts as they mature, or make an assignment for the benefit of creditors, or <br />apply for or consent to the appointment of a trustee or receiver for the Dodgers or for the major <br />part of their property; <br />(d) A trustee or receiver is appointed for the Dodgers or for the major pan of their <br />property and such trustee or receiver is not discharged within one hundred eighty (180) days after <br />such appointment; <br />(C) Bankruptcy, reorganization.arrangement, insolvency or liquidation proceedings, <br />or any other proceedings for relief under any bankruptcy law, or similar law for the relief of <br />debtors. are instituted by or against the Dodgers, and, if instituted against the Dodgers, are allowed <br />against them or are consented to by them or are not dismissed within one hundred eighty (180) <br />days after such institution, to the extent permitted by law; or <br />(f) The Dodgers are in default under the Development Agreement and such default <br />continues For thirty (30) days after written notice thereof has been delivered by the County to the <br />Dod=gets; provided. however, that the Dodgers shall not be in Default with respect to matters which <br />cannot reasonably be cured within thirty (30) days so long as within such thirty (30) day period, <br />the Dodgers commence such cure and diligently proceed to complete the same thereafter. <br />if Default occurs, the County shall have the rights and remedies set forth in this Agreement, which shall <br />be disnmt. separate, and, to the extent not muttually exclusive, cumulativeā and shall not operate to exclude <br />or depnve the County of any other right or remedy allowed it by law or equity. <br />Section 10.02. CounlyDefaul . In the event of any failure by the County to observe or perform <br />any material covenant, agreement, condition, or provision of this Agreement wherein the Dodgers' remedies <br />on account thereof are not otherwise specifically provided for in this Agreement, and if such failure shall <br />continue for thirty (30) days after notice thereof has been delivered by the Dodgers to the County, then the <br />County shall be deemed to be in Default hereunder; provided, however, that the County shall not be in <br />Default with respect to matters which cannot reasonably be cured within thirty (30) days so long as within <br />Page 15 of 25 <br />aa3 <br />
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