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GTP Site ID: FL-5586
<br /> GTP Site Name: Vero Beach
<br /> then only for as long as it remains, the owner of the Licensehold estate credited hereby or thereby. This License
<br /> shall not be amended or modified without the consent of any Lender which has delivered the notice provided for
<br /> in Section 23 (a) hereof. In the event that a Lender shall become the owner of such Licensehold estate, such
<br /> Lender shall not be bound by any modification or amendment of the License made subsequent to the date of the
<br /> Mortgage and delivery to the County of the notice provided in Section 23 (a) hereof and prior to its acquisition
<br /> of such interest unless Lender shall have consented to such modification or amendment at the time it was made
<br /> or at the time of such acquisition.
<br /> 24. RIGHT TO NEW LICENSE ,
<br /> In the case of termination of this License for any reason, or in the event this License is rejected or
<br /> disaffirmed pursuant to any bankruptcy, insolvency or other law affecting creditor' s rights, the County shall
<br /> give prompt notice thereof to a Lender whose name and address the County has received pursuant to notice
<br /> made in compliance with the provisions of Section 23 (a), at the address of such Lender set forth in such notice,
<br /> and otherwise in the manner provided by Section 26 of this License. The County, on written request of such
<br /> Lender made any time within thirty (30) days after the giving of such notice by the County, shall promptly
<br /> execute and deliver a new License of the Premises to Lender or its designee or nominee, for the remainder of
<br /> the term upon all the covenants, conditions, limitations and agreements contained herein (including, without
<br /> limitation, options to extend the term of this License) except for such provisions which must be modified to
<br /> reflect such termination, rejection or disaffirmance and the passage of time, provided that such Lender (i) shall
<br /> pay to the County, simultaneously with the delivery of such new License, all unpaid rent due under this License
<br /> up to and including the date of the commencement of the term of such new License and all reasonable expenses,
<br /> including, without limitation, reasonable attorneys ' fees and disbursements and court costs, incurred by the
<br /> County in connection with the default by the Global Tower, the termination of this License and the preparation
<br /> of the new License, and (ii) shall cure all defaults existing under this License which are susceptible to being
<br /> cured by such Lender promptly and with due diligence after the delivery of such new License. Notwithstanding
<br /> anything to the contrary contained herein, provided such Lender shall have otherwise complied with the
<br /> provisions of this Section 24, such Lender shall have no obligation to cure any defaults which
<br /> are not
<br /> susceptible to being cured by such Lender (for example, the bankruptcy of the Global Tower) .
<br /> Any such new License and the estate thereby created shall, subject to the same conditions contained
<br /> in this License, continue to maintain the same priority as this License with respect to any mortgage, including
<br /> any fee mortgage, encumbering the Premises or any part thereof or any licensed interest therein or any other
<br /> lien, charge or encumbrance thereon whether or not the same shall then be in existence. Any new License made
<br /> pursuant to this Section 24 shall be accompanied by a conveyance of the County' s interest, if any, to
<br /> the
<br /> improvements on the land demised hereby (free of any mortgage or other lien, charge or encumbrance created
<br /> or suffered to be created by the County but not any mortgage or other lien, charge or encumbrance created or
<br /> suffered to be created by the Global Tower) for a term of years equal in duration to the term of the new License
<br /> as the same may be extended pursuant to the provisions of said new License, subject, however, to any License
<br /> of such improvements theretofore made by the Global Tower, as County, which is then in effect. Concurrently
<br /> with the execution and delivery of such new License, the County shall assign to the Global Tower named
<br /> therein all of its right, title and interest in and to moneys (including insurance and condemnation proceeds), if
<br /> any, then held by or payable to the County or any other depository which the Global Tower would have been
<br /> entitled to receive but for the termination of this License, and any sums then held by or payable to the County or
<br /> such depository shall, subject to the provisions of Section 25 hereof, be deemed to be held by or payable to it as
<br /> the County or depository under the new License.
<br /> Upon the execution and delivery of a new License under this Section 24, all sub-licenses which
<br /> theretofore have been assigned to, or made by, the County shall be assigned and transferred, without recourse,
<br /> by the County to the Global Tower named in such new License. Between the date of termination of this
<br /> License and the date of execution of the new License, if a cancel any sub-licenses or accept any cancellation,
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