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defined in the Lease (subject to deduction of retained percentage <br /> per state law and amounts necessary to cover costs of any punch <br /> list items not completed) , for the purpose of assigning all <br /> right, title and interest of Lessee under this Ground Lease and <br /> the Lease and all of Lessee's right, title and interest in the <br /> Improvements to Security Pacific Bank Washington, N.A. , as <br /> trustee, in trust for the benefit of an underwriter to be then <br /> determined, for the purpose of accomplishing the take-out <br /> financing of the Improvements. <br /> 18 .4 Obligations Not Severable. The obligations of Lessee <br /> under this Article XVIII are integral to this Ground Lease and <br /> may not be severed herefrom without invalidating the entire <br /> Ground Lease. The City shall have the right, in addition and <br /> without prejudice to any other rights hereunder, to demand and <br /> have specific performance of Lessor's obligation to assign all <br /> its right title and interest in the Ground Lease, Lease and <br /> Improvements. <br /> ARTICLE XIX: MISCELLANEOUS <br /> 19. 1 Notices. Any notices required in accordance with any <br /> of the provisions herein shall be sent by registered or certified <br /> mail addressed to City or Lessee, respectively as follows: <br /> City: City of Everett <br /> 3002 Wetmore <br /> Everett, Washington 98201 <br /> Attention: City Attorney <br /> Lessee: Sierra Construction <br /> 16716 N.E. 79th <br /> Redmond, WA 98052 <br /> Attention: Mr. Joe Blattner <br /> or at such other place as City or Lessee may in writing direct. <br /> All notices shall be deemed effective upon receipt, refusal of <br /> delivery of attempted delivery. In the event that Lessee's <br /> interests hereunder are assigned in trust to a trustee, then <br /> requirements that Lessee be notified shall be met by notice to <br /> such trustee. <br /> 19.2 No Joint Venture. It is not intended by this Ground <br /> Lease to, and nothing contained in this Ground Lease shall, <br /> create any partnership, joint venture or other arrangement <br /> between City and Lessee. No term or provision of this Ground <br /> Lease is intended to be, or shall be, for the benefit of any <br /> third person, firm, organization or corporation nor shall any <br /> such person or entity have any right or cause of action <br /> hereunder. <br /> 19. 3 Interest. If Lessee shall fail to pay, when the same <br /> is due and payable, any rent set forth in Article III , or any <br /> A-16 KR172 92/01/27 <br />