05-F Lease Drug Task Force - Laserfiche WebLink

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awarded on an annual basis to Lessee; that should such funds not be forthcoming, or the funds forthcoming are insufficient to defray the cost of the Lease or may not be spent on the Lease, or that one or more participants currently involved in the grant no longer participates in same, that funds will not be available for the continuation of this Lease Agreement, and in the event of any of these occurrences, or at Lessee’s discretion, Lessor agrees that this Lease may be terminated by Lessee following thirty (30) days notice of termination to Lessor, without recourse or right to further action of any kind by Lessor against Lessee, either individually or as an entity. This right of termination by Lessee shall be and is a material condition of this Lease Agreement, and no actions of Lessee shall be interpreted to act as a waiver or modification of this provision. Lessor further acknowledges that the aforesaid right of termination was extended to Lessee by Lessor as a material inducement by Lessor to cause Lessee to sign this Lease Agreement, without which Lessee would not have entered into this Agreement. If Lessee holds over and continues in possession of the leased premises after expiration of this lease or any extension of that term, other than as provided above, Lessee will be deemed to be occupying the premises on the basis of a month-to-month tenancy, subject to all of the terms and conditions of this lease. 2. Lessee agrees to pay Lessor the sum of Fifteen Hundred and no/100 Dollars ($1,500.00) per month starting on June 1, 2005, as a fixed rent for the succeeding month. The rent shall be payable on the same day of every month thereafter during the full term of this lease. At the end of the first Twenty-Four Months, Lessee has the right to retain this lease as written with the exception of the Monthly Lease Amount which shall increase by Two Percent (2%) ($________________per month); At the end of the second Twenty-Four Months, Lessee has the right to retain this lease as written with the exception of the Monthly Lease Amount which shall increase by an additional Two Percent (2%) ($__________________); At the end of the third Twenty-Four Months, Lessee has the right to retain this lease as written with the exception of the Monthly Lease Amount which shall increase by an additional Two Percent (2%) ($___________________); At the end of the fourth Twenty-Four Months, Lessee has the right to retain this lease as written with the exception of the Monthly Lease Amount which shall increase by an additional Two Percent (2%) ($_______________________). 3. Lessee shall operate the premises under the normal duties of the Red River Valley Drug Task Force Office and facility continuously during the term of this agreement and shall use the premises for no other purpose. Lessee shall not use, or permit the use of, the premises in any manner that results in