11.1 SR 08-07-2023 - Laserfiche WebLink

Home Browse Search

'�* �`', y is not in default of any of the terms or conditions of the Lease and Tenant has exercised the Renewal Option, Landlord may, but shall not be obligated to, grant Tenant one (1) additional period of five (5) years. ARTICLE 3. RENT Tenant shall pay to Landlord as the "Base Rent" for the Term the sum of Fifteen and 00/100 Dollars ($15.00). The Base Rent shall be payable in equal yearly installments of One and OOf100 Dollar ($1.00) and s 11 be payable in advance, on or befare the f'rst (lst) day o �_ , commencing �,�__, 94, and continuing during the Term. ARTICLE 4. NET LEASE 4.1) It is the intention and purpose of the parties hereto that the Lease shall be a"Net Lease" to Landlord. All costs and expenses of whatever character or kind, general and speeial, ordinary and extraordinary, foreseeable or unforeseeable, and of every kind and nature whatsoever that ma.y be necessary in or about the operation of the Premises, including all hazard and liability insurance, taxes, special assessments, utilities, maintenance, and repairs, except as otherwise expressly provided herein, shall be paid by Tenant as "Additional Rent" hereunder. 4.2) Except as otherwise expressly provided herein, Tenant covenants and agrees that if at any time it fails to pay any amount required by the Lease, or to obtain, pay for, maintain, or deliver any of the insurance policies herein provided far, or fails to make any other payment or perform any other act required to be made or performed by the Lease, then Landlord, without notice to or demand upon Tenant, without waiving or releasing Tenant from any obligation of Tenant contained in the Lease, and without any obligation to do so, may effect any such insurance coverage and pay premiums therefor and may make any other payment or perform any other act on the part of Tenant to be made and performed as provided in the Lease, in such manner and to such extent as Landlord may deem desirable, and in exercising such right to pay necessary and incidental costs and expenses. All sums so paid by Landlord and all necessary and incidental costs and expenses in connection with performance of any such act by Landlord, including attorney's fees, together with interest thereon at a rate of eighteen percent (18°s) per annum from the date of making of sueh expenditure by Landlord, shall be payable to Landlord as Additional Rent, and except as otherwise provided for in the Lease, shall be payable on demand or at the option of Landlord ma.y be added to any monthly rental then due or thereafter becoming due under the Lease. Tenant covenants to pay any such sum or sums with interest as aforesaid and Landlord 2.