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2011-080 RES APPROVING GROUNDS SUBLEASE AGREEMENT BETWEEN RED RIVER VALLEY FAIR ASS'N AND PARIS RODEO AND HORSE CLUB
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2011-080 RES APPROVING GROUNDS SUBLEASE AGREEMENT BETWEEN RED RIVER VALLEY FAIR ASS'N AND PARIS RODEO AND HORSE CLUB
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8/21/2012 11:09:44 AM
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10/19/2011 10:25:12 AM
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Table of Contents <br />Page <br />Preamble--Parties <br />4 <br />DEMISE AND <br />DESCRIPTION OF PROPERTY <br />4 <br />ARTICLE l. <br />TERM <br />#1.01. <br />Term of Sublease <br />4 <br />#1.02. <br />Option to Extend Term <br />4 <br />ARTICLE 2. <br />RENT <br />#2.01. <br />Consideration <br />5 <br />#2.02. <br />Gross Receipts Defined <br />5 <br />#2.03. <br />Statement of Gross Receipts <br />6 <br />#2.04. <br />Books and Records of Sublessee.......... <br />6 <br />ARTICLE 3. <br />USE OF PREMISES <br />#3.01. <br />Primary Purpose <br />7 <br />#3.02. <br />Illegal Use Not Permitted <br />7 <br />#3.03. <br />Waste and Nuisance <br />7 <br />ARTICLE 4. <br />UTILITIES <br />ARTICLE 5. <br />REPAIRS, MAINTENANCE, AND RESTORATION <br />8 <br />#5.01. <br />Lessee's Duty to Maintain and Repair.... <br />8 <br />#5.02. <br />Damage and Destruction <br />8 <br />ARTICLE 6. <br />MECHANICS' LIENS <br />8 <br />ARTICLE 7. <br />INSURANCE AND INDEMNIFICATION <br />#7.01. <br />Insurance on Buildings & Improvements... <br />9 <br />#7.02. <br />Liability Insurance <br />9 <br />#7.03. <br />Construction Liability Insurance........ <br />9 <br />#7.04. <br />Certificate of Insurance <br />10 <br />#7.05. <br />Indemnification of Sublessor............ <br />10 <br />ARTICLE 8. <br />TAXES <br />#8.01. <br />Payment by Sublessee <br />10 <br />#8.02. <br />Payment by Sublessor <br />10 <br />ARTICLE 9. <br />CONSTRUCTION BY SUBLESSEE <br />#9.01. <br />Ownership of Buildings, Improvements, <br />and Fixtures <br />11 <br />#9.02. <br />Right to Remove Improvements <br />11 <br />#9.03. <br />Removal Restrictions <br />12 <br />ARTICLE 10. <br />SUBLEASE <br />#10.01. <br />Subletting by Sublessee <br />12 <br />ARTICLE 11. <br />DEFAULT AND REMEDIES <br />#11.01. <br />Termination on Default <br />12 <br />#11.02. <br />Waiver of Breach <br />12 <br />#11.03. <br />Possession after Default <br />13 <br />ARTICLE 12. <br />SPECIAL PROVISIONS <br />#12.01. <br />Possession of Subleased Premise <br />by Sublessor <br />13 <br />#12.02. <br />Advertisement Prohibition <br />13 <br />#12.03. <br />Use of Additional Premises by <br />Sublessee <br />14 <br />#12.04. <br />Parking <br />14 <br />4 <br />5 <br />7 <br />9 <br />11 <br />12 <br />12 <br />13 <br />7 <br />
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