6.0. EDSR 02-10-1997 - Laserfiche WebLink

Home Browse Search

1111 ARTICLE VI. - RENT 6.01 Base Rent. Tenant covenants to pay without notice, deduction, set-off or abatement to Landlord the Base Rent specified in Section 1.01(H) in lawful money of the United States in equal consecutive quarterly installments in advance on the first day of each month during the Lease Term. Rent for any partial month shall be prorated on a per diem basis. Rent shall be payable to Landlord at Landlord's address shown at Section 1.01(A) above or such other place as Landlord may designate from time to time in writing. Tenant shall pay the first full quarter's Base Rent at the beginning of theReal Estate Taxes, g g term. Base Rent includes staInsurance Premiums and Common Area Expenses. 6.02 Service Charge. Tenant's failure to make any monetary payment required of Tenant hereunder within ten (10) days of the due date therefor shall result in the imposition of a service charge for such late payment in the amount of five percent (5%) of the amount due. In addition, any sum not paid within thirty (30) days of the due date therefor shall bear interest at the rate of eighteen percent (18%) per annum (or such lesser percentage as may be the maximum amount permitted by law) from the date due until paid. ARTICLE VII. -UTILITIES AND SERVICES 7.01 Landlord shall provide the following as a service for all Tenants of the Building: electricity, 1111 gas, water, fuel, sewer charges, trash hauling and any other services or utilities used in, servicing or assessed against the Premises, unless otherwise herein expressly provided. Tenant shall contract in its own name and timely pay for all charges for telephone and fax services. ARTICLE VIII. - QUIET ENJOYMENT 8.01 Landlord covenants that Tenant, on paying the Rents herein provided and keeping, performing and observing the covenants, agreements and conditions herein required of Tenant, shall peaceably and quietly hold and enjoy the Premises for the term aforesaid, subject, however, to the terms of this Lease. ARTICLE VIII. - SUBLETTING 9.01 Landlord acknowledges that Tenant will operate a"business incubator" in the Premises and will sublet portions of the Premises to other businesses. Notwithstanding any sublease, Tenant shall remain liable hereunder and shall not be released without the express written agreement of Landlord to such release. Tenant shall retain all cash rents arising out of such subleases. ARTICLE IX. -DAMAGE OR DESTRUCTION 10.01 If the Premises or the Building or any part thereof is so damaged by fire or other • casualty, cause or condition whatsoever as to be substantially untenantable and the Landlord shall determine not to restore same, Landlord may, by written notice to Tenant given within sixty 5