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Opal Blue Real Estate, LLC 4/20/2026
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Opal Blue Real Estate, LLC 4/20/2026
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Last modified
4/21/2026 9:57:51 AM
Creation date
4/21/2026 9:56:58 AM
Metadata
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Contracts
Contractor's Name
Opal Blue Real Estate, LLC
Approval Date
4/20/2026
End Date
3/31/2027
Department
Facilities & Property Management
Department Project Manager
Darcie Byrd
Subject / Project Title
Opal Blue Real Estate Lease at Everett Station
Tracking Number
0005217
Total Compensation
$7,196.01
Contract Type
Real Property
Contract Subtype
Leases
Retention Period
6 Years Then Destroy
Imported from EPIC
No
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Guarantor authorizes Landlord, without notice or demand and without affecting Guarantor's <br />liability under this Guaranty, from time to time to (a) renew, extend, accelerate or otherwise change <br />the time for payments under or otherwise change the terms of, the Lease or any part thereof <br />including, but not limited to, extending the duration thereof; (b) take and hold security for the <br />payment of this Guaranty or the indebtedness guaranteed and exchange, enforce, waive and release <br />any such security; (c) apply any security for the Lease or direct the order or manner of sale thereof <br />as Landlord in its sole discretion may determine; (d) release or substitute any one or more <br />guarantors; (e) modify or alter the liability of Tenant under the Lease; (f) settle or compromise any <br />claim of Landlord against Tenant; or (g) consent to the assignment Tenant's interest under the Lease <br />or the subletting of all or any part of the premises. Landlord may assign the Lease and/or this <br />Guaranty in whole or in part, without notice and without in any manner affecting Guarantor's <br />obligations hereunder. <br />Guarantor waives any right to require Landlord to (a) proceed against Tenant; (b) proceed <br />against or exhaust any security held from Tenant; or (c) pursue any other remedy in Landlord's <br />power whatsoever. Guarantor waives any defense arising by reason of any disability or other <br />defense of Tenant or by reason of the cessation from any cause whatsoever of the liability of Tenant. <br />Until all obligations of Tenant to Landlord under the Lease shall have been fully paid and performed, <br />Guarantor shall have no right of subrogation, and waives any right to enforce any remedy which <br />Landlord now has or may hereafter have against Tenant, and waives any benefit of, and any right to <br />participate in any security now or hereafter held by Landlord. Guarantor waives all presentments, <br />demands for performance, notices of nonperformance, protests, notices of protest, notices of <br />dishonor, notices of acceptance of this Guaranty and of the existence, creation or incurring of new <br />or additional indebtedness and all other notices of every kind and nature to which Guarantor might <br />otherwise be entitled as a matter of law. <br />Any indebtedness of Tenant now or hereafter held by Guarantor is subordinated to the <br />indebtedness of Tenant to Landlord and such indebtedness of Tenant to Guarantor, if Landlord so <br />requests, shall be collected, enforced and received by Guarantor as a trustee for Landlord and be <br />paid over to Landlord on account of the indebtedness of Tenant to it, but without reduction or <br />affecting in any manner the liability of Guarantor under the other provisions of this Guaranty. Until <br />such time as the Lease has been paid and performed in full, Guarantor agrees not to exercise any <br />rights it may now or hereafter acquire against Tenant (whether by subrogation, reimbursement, or <br />otherwise) arising out of payments to Landlord hereunder. Guarantor hereby waives and <br />relinquishes in favor of Landlord and Tenant any claim or right to payment Guarantor may now have <br />or hereafter have or acquire against Tenant, by subrogation or otherwise. This Guaranty shall <br />continue in effect until one year and one day following the final payment and performance by <br />Tenant under the Lease. <br />Guarantor agrees that it is not necessary for Landlord to inquire into the powers of Tenant <br />or any managers, members, officers, directors or agents acting or purporting to act on Tenant’s <br />behalf, if any, and any indebtedness made or created in reliance upon the professed exercise of such <br />powers shall be guaranteed hereunder. Guarantor warrants that this Guaranty has been duly <br />authorized by all necessary authorities. <br />This Guaranty shall be governed by and construed in accordance with the laws of the State <br />of Washington, Guarantor hereby irrevocably agrees that any legal action or proceedings against <br />Guarantor with respect to this Guaranty may be brought in the courts of the State of <br />Washington <br />Exhibit D
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