During the Lease Term. Party A shall pay the taxes imposed upon it by relevant laws and regulations.
During the Lease Term. Party A has a right to set up a mortgage, offer to compensate and exchange on the Leased Units, in whole or part, regardless of consent from Party B. The rights and obligations of Party B under the Contract shall not be affected by the Party A's activities as aforesaid.
During the Lease Term. Party A may not separately operate any other project competing with the Center either by itself or in cooperation with any third party.
During the Lease Term. Landlord shall maintain a policy or policies of CGL insurance insuring Landlord (and such others as are designated by Landlord), against liability for personal injury, bodily injury, death and damage to property occurring or resulting from an occurrence in, on or about the Premises or the Common Area, with such limits of coverage as Landlord may from time to time determine are reasonably necessary for its protection, but in any event not less than $5,000,000.00 for bodily injury, death or property damage. Landlord shall have such insurance in effect prior to the Commencement Date. The cost of any such liability insurance maintained by Landlord shall be a Common Area Charge and Tenant shall pay, as Additional Rent, Tenant’s Pro Rata Share of such cost to Landlord as provided in Paragraph 12 below.
During the Lease Term. Lessor shall replace or have repaired at its own expense certain appliances, parts, instruments, appurtenances, accessories, furnishings, and other equipment or components of the Aircraft that may have become worn out, lost, stolen, destroyed, damaged or otherwise rendered unfit for use for any reason whatsoever. All such replacements or repairs installed on or incorporated into the Aircraft shall upon such installation or incorporation become the property of Lessor.
During the Lease Term. Party A shall make sure the Premises and its ancillary facilities are under normal, usable and safe condition. If Party A intends to conduct inspection and maintenance of the Premises, Party A shall notify Party B X days in advance. During the inspection and maintenance, Party B shall cooperate with Party A and Party A shall minimize the impacts on Party B’s use of the Premises. (See Article 23.2
During the Lease Term. Tenant must pay annual rent in the following amounts during the Initial Term of the Lease (annual amounts to be paid in 12 equal monthly installments during each Lease Year): · Lease Year 1 $4 million · Lease Year 2 $4.1 million · Lease Year 3 $4.2 million · Lease Years 4, 5, 6 $4.3 million · Lease Years 7, 8, 9 $4.5 million · Lease Years 10, 11, 12 $4.635 million · Lease Years 13, 14, 15 $4.774 million · Lease Years 16, 17, 18 $4.887 million · Lease Years 19, 20, 21 $5.033 million · Lease Years 22, 23, 24 $5.183 million · Lease Years 25, 26, 27 $5.338 million · Lease Years 28, 29, 30 $5.498 million If Tenant exercises any or all of its three five-year extensions, annual rent will increase by three percent (3%) for each three-year period of any Extension Term (for example, if Tenant exercises the first of its three five-year options, annual rent during Lease Years 31, 32 and 33 will be $5.663 million, which is a three percent (3%) increase over $5.498 million, etc.).
During the Lease Term. Tenant shall pay annual Base Rent and all other rent due and owing by Tenant under this Lease (“Additional Rent”) to Landlord at such place as Landlord shall from time to time designate in writing. Annual Base Rent will be payable in equal monthly installments, as follows: Lease Period Monthly Installment Annual Base Rent 09/01/11-08/31/12 $ 15,833.00 $ 189,996.00 09/01/12-08/31/13 $ 16,150.00 $ 193,800.00 09/01/13-08/31/14 $ 16,473.00 $ 197,676.00 09/01/14-08/31/15 $ 16,803.00 $ 201,636.00 09/01/15-08/31/16 $ 17,139.00 $ 205,668.00 09/01/16-08/31/17 $ 17,481.00 $ 209,772.00 09/01/17-08/31/18 $ 17,831.00 $ 213,972.00 09/01/18-08/31/19 $ 18,188.00 $ 218,256.00 09/01/19-08/31/20 $ 18,551.00 $ 222,612.00 09/01/20-08/31/21 $ 18,922.00 $ 227,064.00
During the Lease Term. Tenant shall maintain a commercial general liability policy of insurance, at Tenant's expense, insuring Landlord against liability arising out of the ownership, use, occupancy, or maintenance of the Demised Premises. The initial amounts of the insurance must be at least: $1,000,000 for Each Occurrence, $2,000,000 General Aggregate per policy year, $100,000 Property Damage for the Demised Premises, and $10,000 Medical Expense; plus a $5,000,000 commercial
During the Lease Term. Tenant and its assignees and sublessees shall indemnify and save Landlord harmless against all penalties, claims, or demands arising from Tenant's negligence or wrongful use of the Demised Premises, except those which shall result from the act, default or negligence of Landlord, Landlord's employees, agents, licensees, invitees or contractors. In addition, Tenant agrees to maintain insurance against all liabilities for damages on account of injuries to property or person, including death, sustained by any person or persons while on the Demised Premises, in a general liability combined limits policy or policies in the amount of One Million and No/100 Dollars ($1,000,000.00) with respect to injury to any one person, to any one accident or disaster, and with respect to damage to property.
