Minutes - 11-3-14 Reg. Meeting - Laserfiche WebLink

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B K: 00027 PG any corporation, limited liability company, partnership or other entity under the control of Tenant; or (ii) any corporation, limited liability company, partnership or other entity under the control of Tenet Healthcare Corporation or its successors. 14. Estoppel Certificates Tenant shall have no less than 30 days in which to respond to any request for an estoppel certificate from Landlord and shall not be required to provide more than one such certificate in any twelve (12) month period. 15. Late Fees No late fee or other charge shall be imposed on Tenant unless and until a rent payment or other sum is more than 10 days delinquent. 16. Holdover Rent In no event shall the holdover rent charged to Tenant exceed 125% of the base rent due in the last month before termination of the Lease. In the event Landlord and Tenant are negotiating an extension of the Lease in good faith then Tenant shall not be deemed to be holding over and the monthly rental due from Tenant under such circumstances shall be the base monthly rent payable by Tenant in the last month before termination of the Lease. 17. Subordination and Non - Disturbance At all times, this Lease shall be subject to and subordinate and inferior to: (i) the lien of any mortgage, deed of trust or other method of financing or refinancing now or hereafter existing against all or a part of the real estate upon which the Office Building is located, (ii) any existing or future lease by which Landlord leases the entire Office Building and /or the ground upon which the Office Building is located (in which instance this Lease shall become a sublease), and (iii) all renewals, modifications, replacements consolidations and extensions of any of the foregoing, provided that Tenant receives adequate assurance of non - disturbance and any such mortgagee, security holder or lessor enters into a commercially reasonable non - disturbance agreement with Tenant (each a "SNDA ") under the terms of which such mortgagee, security holder or lessor and does not require the modification of any material term of this Lease. In the event Tenant and such mortgagee, security holder or lessor are unable to agree on the form of an SNDA then Tenant shall have the option to terminate this Lease at that time or upon any foreclosure. 18. Insurance Notwithstanding anything to the contrary in the Lease: (i) the insurance required to be provided by Tenant may be provided under one or more so -called "blanket policies" of insurance carried and maintained by Tenant and its affiliates; and (ii) as an alternative to, or in connection with, maintaining insurance, Tenant shall be entitled to satisfy the insurance requirements set forth in the Lease by obtaining insurance through an industry captive insurance company or other arrangements with insurers, subject to the other terms of this paragraph. The policy limits of any blanket or other coverages maintained by Tenant under this paragraph must equal or exceed the policy amounts required under the Lease. If Tenant exercises its right to satisfy its insurance requirements through coverages provided by a captive insurance company, then Tenant's 4of8