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© Commercial Association of Brokers Oregon/SW Washington (2/05)
<br />OFFICE LEASE (OR)
<br />ALL RIGHTS RESERVED
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<br />SECTION 17. CONVEYANCE BY LANDLORD 2
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<br />If the Building or Property is sold or otherwise conveyed by Landlord or any successor, so long as Tenant is 4
<br />not in default beyond any applicable cure period, Landlord shall cause such successor to recognize Tenant’s rights 5
<br />hereunder, and Tenant shall attorn to the buyer or transferee and recognize that party as the landlord under this 6
<br />Lease. If the buyer or transferee assumes all obligations of Landlord under this Lease accruing thereafter, Landlord 7
<br />shall be deemed released of all further liability to Tenant under this Lease. 8
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<br />SECTION 18. SUBORDINATION, ATTORNMENT AND NON-DISTURBANCE. 10
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<br />Without further documentation, this Lease shall be subject and subordinate to any deeds of trust, mortgages, 12
<br />ground lease, master lease or land sale contracts and any amendment or modification thereof, now existing or 13
<br />hereafter recorded against the Building and/or the Property (collectively, the “Encumbrances”). Tenant shall execute 14
<br />all documents reasonably requested by Landlord or the holder of an Encumbrance to confirm such subordination; 15
<br />provided, however, that this Lease shall only be subordinate to any future Encumbrance, or modification thereof, if the 16
<br />holder of that Encumbrance executes a non-disturbance agreement reasonably satisfactory to Tenant by which the 17
<br />holder of such Encumbrance recognizes Tenant’s rights under this Lease unless Tenant is in default beyond any 18
<br />applicable cure period. If any Encumbrance is foreclosed, so long as the buyer at the foreclosure sale delivers to 19
<br />Tenant a written agreement recognizing Tenant's interest in this Lease, Tenant shall attorn to such buyer, and this 20
<br />Lease shall continue in full force and effect. 21
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<br />SECTION 19. SURRENDER; HOLDOVER. 23
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<br />Upon expiration or earlier termination of this Lease, Tenant shall surrender the Premises and, at Landlord’s 25
<br />option, all improvements and alterations therein, vacuumed, swept, and free of debris and in good and serviceable 26
<br />condition, subject to ordinary wear and tear. Tenant shall remove all of its personal property and any conduits, 27
<br />wiring, cables or alterations if required by this Lease and shall repair all damage to the Premises and the Building 28
<br />resulting from that removal. If Tenant fails to remove any such personal property or alterations, those items shall be 29
<br />deemed abandoned, and Landlord may remove or dispose of such items without liability to Tenant or others, and 30
<br />Tenant shall reimburse Landlord for the cost of such removal upon demand. 31
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<br />If Tenant fails to surrender the Premises and remove all its personal property as set forth herein, Landlord 33
<br />may either: (i) recognize Tenant as a month-to-month tenant at sufferance and such tenancy shall be subject to all 34
<br />terms of this Lease, except that Rent shall be one hundred fifty percent (150%) of the total Rent for the last month 35
<br />being charged and all options or other rights regarding extension of the term or expansion of the Premises shall 36
<br />automatically terminate; or (ii) evict Tenant from the Premises and recover all damages resulting from Tenant’s 37
<br />wrongful holdover. 38
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<br />SECTION 20. HAZARDOUS MATERIALS. 40
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<br />Neither Tenant nor Tenant's agents or employees shall cause or permit any Hazardous Material, as 42
<br />hereinafter defined, to be brought upon, stored, used, generated, released into the environment, or disposed of on, in, 43
<br />under, or about the Premises, Building or Common Areas, except reasonable quantities of cleaning supplies and 44
<br />office supplies necessary to or required as part of Tenant's business that are generated, used, kept, stored, or 45
<br />disposed of in a manner that complies with all laws regulating any such Hazardous Materials and with good business 46
<br />practices. Tenant covenants to remove from the Premises (or the Building or Common Areas, if applicable), upon the 47
<br />expiration or sooner termination of this Lease and at Tenant's sole cost and expense, any and all Hazardous 48
<br />Materials brought upon, stored, used, generated, or released into the environment by Tenant, its agents, employees 49
<br />or invitees during the term of this Lease. To the fullest extent permitted by law, Tenant hereby agrees to indemnify, 50
<br />defend, protect, and hold harmless Landlord, Landlord's managing agent and their respective agents and employees, 51
<br />and their respective successors and assigns, from any and all claims, judgments, damages, penalties, fines, costs, 52
<br />liabilities, and losses that arise during or after the term directly or indirectly from the use, storage, disposal, release or 53
<br />presence of Hazardous Materials by Tenant, its agents, employees or invitees on, in, or about the Premises, the 54
<br />Building or the Common Areas which occurs during the term of this Lease. To the fullest extent permitted by law, 55
<br />DocuSign Envelope ID: 58B9EAAB-3323-4198-8EF0-00895196FD5A
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