7.2 SR 10-05-2020 - Laserfiche WebLink

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from its general funds, and Lessee shall not be entitled to interest on such deposit. If Lessee shall fully and faithfully perform every provision of this lease to be performed by it, the security deposit or any balance thereof shall be returned to Lessee (or, at Lessor's option, to the last assignee of Lessee's interests hereunder) at the expiration of the lease term. 17. NON-PAYMENT OF RENT: DEFAULTS. Upon the occurrence of any of the following: (a) a rent payment from Lessee to Lessor shall remain unpaid in whole or part for more than one (1) day after the same is due and payable; (b) Lessee's violation or default in any of the other covenants, agreements, stipulations, or conditions herein, and such other violation or default shall continue for a period to ten (10) days after written notice from Lessor of such violation or default; or (c) if Lessee shall be adjudged bankrupt or file a petition in bankruptcy or for any arrangements under the Bankruptcy Code or become insolvent or have appointed a receiver of its property, then it shall be optional for Lessor to declare this lease forfeited and the said terms ended, and to re-enter the premises. 18. DEFAULT OF LESSOR. Lessor shall not be deemed to be in default under this lease until Lessee has given Lessor written notice specifying the nature of the default and Lessor does not cure such default within ten (10) days after receipt of such notice or within such reasonable time thereafter as may be necessary to cure such default where such default is of such a character as to reasonably require more than ten (10) days to cure. In the event Lessor does not cure the default within 10 days, or such additional reasonable time as may be required, Lessee may at its option cure the default and offset any costs incurred against rent. 19. HOLDING OVER. In the event Lessee continues to occupy the premises after the last day of the term herein created, and Lessor elects to accept rent thereafter, tenancy for an additional month shall be created on the same terms and conditions that existed at the end of the lease term, with the exception that the fixed rent will be adjusted to 110% of the minimum annual rent. 20. LESSOR'S COVENANTS OF TITLE AND QUIET ENJOYMENT. Lessor covenants and warrants that Lessor has full right and lawful authority to enter into the lease for the full term hereof and that Lessor is lawfully seized of the entire premises hereby demised and has good title thereto, free and clear of all tenencies and encumbrances, and that at all times when Lessee is not in default under the terms and conditions of this lease. Lessee's quiet and peaceable enjoyment to the premises shall not be disturbed or interfered with 'by anyone. 21. TERMINATION. In the event of termination of this lease, prior to the term hereof, for any reason other than the default of the parties hereto, all