Laserfiche WebLink
<br /> <br /> <br /> <br /> 1 <br /> <br /> cer- <br /> and <br /> and conay.:1ons o._ __._E S-z,✓ ease, Sub, Eee clay extend e~m o_ <br /> t: i s _ease for a pe-__od uf five year wi Ln the extended tern to <br /> begin on the day toll o`.^JinQ the xpirat_cn dare of the sublease term <br /> specified in #1.01. Provided, however, that if at the date of the <br /> expiration of the original term, Sublessee is in default beyond any <br /> grace period provided in this sublease in the performance of any of <br /> the terms or provisions of this sublease, the remaining option <br /> shall be null and void. All the terms, covenants, and provisions <br /> of this sublease shall apply to all extended sublease terms. The <br /> waiver of Sublessor of any breach of a term, covenant, or condition <br /> of this sublease shall not be deemed to be a waiver for the purpose <br /> of Sublessee's right to extend the term of this sublease under this <br /> paragraph, provided Sublessor has given notice of any breach as <br /> required by the terms of the sublease. <br /> b. Sublessee may exercise the option to extend this sublease <br /> by giving to Sublessor notice of its intention to do so not earlier <br /> than August 1, 2021, and not later than September 30, 2021 prior to <br /> the expiration of the sublease term. To constitute effective <br /> notice of an intention to exercise the option under this sublease, <br /> the notice must be sent by certified or registered mail ro <br /> Sublessor at the address provided in # 13.01. of this sublease and <br /> must be postmarked no later than the latest date provided in this <br /> section for Sublessee's exercise of the option. Any notice to <br /> exercise the option by Sublessee is subject to the provisions of <br /> 1.02. (a) above. <br /> ARTICLE 2. R.EINT <br /> Consideration <br /> 42.01. Sublessee agrees to make improvement on the subleased <br /> Premises to the exl,erlL. Of five per cer- or 1 nl;Ual G` SS <br /> receipts. Sublessee agrees and covenants that it will expend <br /> during each year, for such purpose, five per cent (05`0) of its <br /> total gross receipts for the ten year term of this sublease. <br /> However, in the event Sublessee expends in excess of five per cent <br /> (05%) during any one year hereof for such purpose, such excess may <br /> be credited on the Iota' amount to be expended by Sublessee <br /> hereunder. <br /> Gross Receipts Defined <br /> <br /> tt2. G __r t Leim "gros z r c-eipts" as used In Li is suD ~acze <br /> ? cans al~_ sums of money receiV"ed by qu11)l e S s e e from aous _ 'less <br /> J <br /> <br /> <br /> <br /> <br /> <br /> <br /> 92 <br />