8.1. SR 03-21-2016 - Laserfiche WebLink

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arise or may be contemplated under any provisions of this Lease or as otherwise required for the preservation and operation of the Premises during the Term, and any interest, penalties or other charges due to Tenant's failure to timely pay any of such items. All such payments to be made by Tenant as described in this Lease (whether to Landlord or otherwise) in addition to the Monthly Rent shall be deemed to be Additional Rent for which Tenant is obligated under this Lease. This Lease may not be terminated by Tenant except as provided herein. 2.5 Independent Obligations. The obligations of Tenant hereunder, including but not limited to the obligation to pay Rent, shall be separate and independent covenants and agreements. Nothing herein shall preclude Tenant from pursuing or realizing upon its other remedies at law or in equity by reasons of, any default by Landlord; provided, however, Tenant may not pursue any remedy that would permit it to terminate this Lease or that would entitle it to a set-off or abatement of Rent of any kind. 2.6 Security Deposit. Tenant, contemporaneously with the execution of this Lease, has deposited with Landlord the sum of $100,000, receipt of which is acknowledged hereby by Landlord. The Security Deposit will be held by Landlord, without liability for interest, as a security and damage deposit for the faithful performance by Tenant of all obligations under this Lease to be performed by Tenant. The Security Deposit will not be held in an escrow account. Landlord may intermingle such Deposit with Landlord's own funds. If an Event of Default occurs under this Lease, then Landlord may (but will not be required to) appropriate and apply all or such portion of said Deposit as may be necessary to compensate or repay Landlord for all amounts, losses or damages sustained or to be sustained by Landlord due to such Event of Default. So long as no Event of Default by Tenant has occurred in the prior twelve (12) months, Landlord agrees to return twenty percent (20%) of the Security Deposit to Tenant on each anniversary of the Lease term for five (5) consecutive years and thereby reducing the amount of the Security Deposit each year. If the entire Security Deposit, or any portion thereof, is applied by Landlord, in accordance with the provisions of this paragraph, Tenant, upon written demand by Landlord, will immediately pay Landlord a sufficient amount of cash to restore the Security Deposit to the amount thereof immediately prior to such application. If not previously released to Tenant, the Security Deposit will be returned to Tenant, less any depletion thereof as the result of the provisions of this paragraph, at the end of the Term of this Lease or any renewal thereof. Tenant will have no right to anticipate a return of said Security Deposit by withholding any amount required to be paid pursuant to the provisions of this Lease or otherwise. ARTICLE 3 USE 3.1 Lawful Use. The Premises may be used and occupied for assembly, manufacturing and warehouse purposes and for any other lawful purpose. Tenant shall not use or permit the Premises to be used in any manner which would (i) be contrary to Applicable Laws (as defined in Section 9.1), (ii) violate any certificate of occupancy affecting the Premises, (iii) constitute a public or private nuisance or waste, (iv) render the insurance on the Premises or any portion thereof void, (v) cause a material decrease in the value of the Premises, or (vi) be in violation of any of the Permitted Exceptions. Tenant agrees that it will promptly, upon discovery of any such prohibited use, discontinue such prohibited use. Nothing in this Lease shall be 3