05-A Cox to Cebridge Assignment - Laserfiche WebLink

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qescribed property and premises unto the said COX SOUTHWEST HOLDINGS, L.P.. for the term of years as stated herein, upon the terms and conditions herein specified, shall be Six Thollsand Dollars ($6,000.00) annually, the first installment of Six Thollsand Dollars ($6;000.00) having been paid in advance by said Lessee to Le:ssor. the receipt of which is hereby acknowledged. and a like installment shall be due and 'payable on the 151 day of October, 2006 and on the 15t day of October of each succeeding year to and including the 1 SI , day of October, 2029. Provided ho\vever. commencing on October '1. 2006. and annually thereafter on each anni\'ersal)' date of the Lease, the amount payable by the Lessor to the Lessee shall be adjusted to reflect changes in the Consumer Price Index (CPI-U ALL) for the Dallas/Ft. Worth Metroplex Region 6 Bureau of Labor Statistics for each contract year. For each year's adjustment. the CPI base month used for calculating each adjustment shall be March of said year. 4. Lessee shall pay to Lessor or order at the office of the City Clerk. in the City of Paris. Lamar County. Texas, the above described and mentioned annual payments when due strictly and promptly and without neglect. dd~ll1lt or delay. 5. AllY bui Id i ngs. installations or improvements 0 fany kind or character made and erected upon the leased property and premises by Lessee shall be and remain the property of Lessee. shall not attach to or become a part of the realty and may be by Lessee removed at any time prior to the expiration or other termination of the Lease. 6. lessee shall not and may not assign this Lease or sublet the leased property and premises or any part thereofwithout first having had and obtained the appro\'ili thereofby the Governing Body of the City of Paris. 7. Except as otherwise provided herein, Lessee will not use or permit the use of any part of the Amended Lease Agreement. Page :.2