Breach of the Lease. Should any rentals or other amounts payable by Party “A” under this Lease Agreement not be settled within 7 working days after their respective due dates, Party “B” may serve a notice of forfeiture of the Advance Security Deposit to Party “A” to forfeit the Advance Security Deposit in the event Party “A” fails or remains unable to settle any of the overdue amounts within the next 30 (thirty) days from their respective due dates. If Party “A” has still not settled any overdue amounts after the 30-day period, then Party “B” may make an announcement to stop the manufacturing operation of Party “A” with immediately effect until the all overdue payments are fully settled and may cancel this Lease Agreement then and there.
Breach of the Lease. 16 13.1 FORFEITURE OF LEASE 16 13.2 TENANT VACATES 17 13.3 WAIVER MUST BE IN WRITING 18 13.4 LANDLORD CAN CHARGE INTEREST 18 13.5 DAMAGES FOR BREACH – REPUDIATION 18 14. AT THE END OF THE LEASE 14.1 TENANT'S OBLIGATIONS 19 14.2 TENANT'S FAILURE TO REMOVE TENANT'S PROPERTY 19 15. SECURITY DEPOSIT/BANK GUARANTEE 15.1 SECURITY DEPOSIT 19 15.2 PAYMENT 20 15.3 APPLICATION 20 15.4 REFUND 20 15.5 BANK XXXXXXXXX 00 00. RENEWING THE LEASE 21 16.1 OPTION 21 16.2 CONDITIONS FOR RENEWED LEASE 21 16.3 GUARANTEES 21 16.4 LATEST DATE FOR EXERCISING OPTION 21 16 5 OMISSION OF THIS CLAUSE 16 21 16.6 NOTICE OF LANDLORD’S INTENTIONS CONCERNING RENEWAL 21 17. GST 22 17.1 LIABILITY AND REIMBURSEMENT 22 17.2 REGISTRATION OF TENANT 22 18. GUARANTEE AND INDEMNITY 22 19. GENERAL 25 19.1 NOTICES 25 20. OTHER MATTERS 26 20.1 INTERPRETATION 26 20.2 PARTIES BOUND JOINTLY AND SEVERALLY 26 20.3 LANDLORD'S CONSENT 26 20.4 TENANT’S ACKNOWLEDGMENT 27 20.5 ENTIRE AGREEMENT 27 20.6 VARIATIONS 28 20.7 WAIVER 28 20.8 READING DOWN AND SEVERANCE 28 20.9 LANDLORD’S DISCLOSURE 28 20.10 ADDITIONAL PROVISIONS 29 21. LEGAL AND OTHER COSTS 29 21.1 COSTS INCURRED BY LANDLORD 29 21.2 PREPARATION OF THIS LEASE 29 21.3 OTHER COSTS 29 SCHEDULE 1 SCHEDULE 2 33 SCHEDULE 3 35 SCHEDULE 4 39 SCHEDULE 5 42 SCHEDULE 6 43 SCHEDULE 7 46 SCHEDULE 8 SCHEDULE 9 48 SCHEDULE 10 49 LEASE made 2018 PARTIES The party named in Item 1 of the Reference Schedule ("Landlord") AND The party named in Item 2 of the Reference Schedule ("Tenant") REFERENCE SCHEDULE Item 1 Landlord BANYULE CITY COUNCIL of 0 Xxxxxxxx Xxxxxx, Greensborough Vic 3088 Tel No. 0000 0000 Fax No. 0000 0000 Email: xxxxxxxxx@xxxxxxx.xxx.xxx.xx Item 2 Tenant M & BT Investments Pty Ltd trading as The Healthlink Crew (ACN 124 141 171) of 0 Xxxxxxxx Xxxxxx, Burwood Vic 3125 Item 3A Land 0 Xxxxxxxx Xxxxxx, Greensborough being the land contained on certificate of title volume 7099 folio 701 delineated green on the Plan in Schedule 2 Item 3B Premises Tenancy 1, 0 Xxxxxxxx Xxxxxx, Greensborough, being the Land and Building shown hatched pink on the Plan in Schedule 2. Item 3C Car Park/s Not applicable Item 4 Commencement Date 9 November 2018 (or possible earlier date to be determined) Item 5 Term Five (5) years commencing on TBC and [clause 2.1] ending on TBC Item 6 Further Terms [clause 16] Two (2) further terms of three (3) years Item 7 Rent [clause 3] $90,000 per annum plus GST payable in monthly instalments, equivalent to one- twelfth of the Rent.
