2.4. ERMUSR 05-20-2014 - Laserfiche WebLink

Home Browse Search

Lessee shall, prior to the installation of any Equipment on the Property, obtain all required land se approvals, building permits, and other governmental approvals required for installation a • operation of the Equipment. Lessee shall also comply with all applicable governmental egulations regarding the installation and operation of the Equipment, including, without limita on, the requirements of the FCC, FAA, OSHA, and all other regulatory agencies with jurisdicti 1 n over the Equipment (collectively, the "Regulatory Requirements"). Failure of Lessee to co l ply with the Regulatory Requirements shall be a default, entitling Lessor to exercise the re! edies hereinafter set forth including,but not limited to, termination of this Lease. Lessor agrees to cooperate with Lessee at no cost to Lessor with respect to obtaining any required zoni or other governmental approvals for the Site, the Facilities and contemplated use thereof. Furt ;rmore, Lessee shall not allow its Equipment to interfere with the facilities of a user with a h':her priority pursuant to Lessor's Policy Statement, or a user whose use of the Water Tower predates the Commencement Date of this Lease (such users being "Priority Users"). 3. Initial I erm The La:se is effective upon full execution hereof. The initial term of this Lease ("Initial Term") shall '.e for a period of five (5) years commencing on the earlier of (i)Lessee construction s :rt or (ii) September 1, 2014 ("Commencement Date"). Lessee may terminate the Lease for any reason or no reason prior to the Commencement Date, but agrees to reimburse Lessor pursu. t to paragraph 5(c) hereof for all of Lessors costs incurred prior to such termination d. ie. 4. Rene ;:I Terms Subjec to Lessor's right set forth in item (2) of the following paragraph, Lessee shall have the righ 1 to extend this lease four (4) times, for a period of five (5) years each (the "Renewal Te 1 s"). The Renewal Terms shall be on the same terms and conditions as set forth in this Lease, ex• pt that rent shall be increased as provided in paragraph 5(b). This L,ase shall automatically be renewed for the Renewal Terms unless: (1)Lessee notifies Lesso of Lessee's intention not to renew the Lease at least forty-five (45) days prior to the expiration of the Initial Term or the Renewal Term which is then in effect; or (2)Lessor notifies Lessen of Lessor's intention not to renew the Lease at least three hundred sixty (360) days prior to ie expiration of the Renewal Term which is then in effect. 5. Consi 1 .ration a) Initial Term. Lessee shall pay to Lessor as rental the sum of Thirty Thous. d Dollars ($30,000.00) per annum ("Lease Payment"). The Lease Payment shall be inc ased annually commencing one (1) year from the Commencement Date of this Lease ,t a rate equal to four (4%) percent of the previous year's rental. The Lease Payme�t shall be paid annually in advance with the first such annual payment due on the Comm:ncement Date and thereafter on each anniversary of the Commencement Date, partial I, ears to be pro-rated. 3 44