Paragraph 7A Sample Clauses

Paragraph 7A. Clause (v) of paragraph 7A of the Note Agreement is hereby amended in its entirety to read as follows:

Paragraph 7A. The first sentence of Paragraph 7(a) shall be deleted and the following sentence shall be inserted in lieu thereof: “In lieu of paying real-estate taxes assessed against the Leased Premises, Tenant shall pay, as a part of additional rent, an amount equal to $1.27 per rentable square foot of the Leased Premises per calendar year (for a total of $252,095 per calendar year) during the Extension Term (the “Real Estate Tax Payment”). The Real Estate Tax Payment shall be paid to Landlord every month during the Extension Term on the same day that fixed base rent is due hereunder. Tenant shall not have the right to contest any assessment of taxes (including the Real Estate Tax Payment) against the Leased Premises, Building or Project (except for any personal property taxes against Tenant’s personal property in the Leased Premises). The Real Estate Tax Payment does not include any taxes levied or assessed against any of Tenant’s personal property, alterations, or fixtures in the Leased Premises.”

Paragraph 7A. Paragraph 7A is hereby modified and amended by deleting clause (v) in its entirety and substituting the following in lieu thereof:

Paragraph 7A. (a) Paragraph 7(A)(xi) of the Note Agreement shall be amended and restated in its entirety to read as follows:

Paragraph 7A. Acceleration. Paragraph 7A of the Agreement is amended by amending clause (xiv)(E) thereof in its entirety to read as follows:

Paragraph 7A. Paragraph 7A is hereby amended to: (a) amend subparagraph (iii) thereof to delete the number "$5,000,000" and to replace it with the number "$10,000,000". (b) amend Subparagraph (xiii) thereof to delete the number "$2,000,000" and to replace it with the number "$10,000,000.