POS System/ Sales App Clause Samples
POS System/ Sales App. Tenant, at Tenant’s sole cost and expense, shall 1) be required to use one of the following POS systems (“Sales System”) at the Leased Premises to record all transactions conducted in, on or from the Leased Premises: Square, Shopify, Clover, Lightspeed, Vend, Hike or Toast POS System(s) in accordance with the provision of this agreement; and 2) connect its Sales System to a sharing platform of a provider (the “Sales App”) required by Landlord at the Shopping Center, if available, for the collection of all information relating to any transactions conducted in, on or from the Leased Premises. Tenant hereby agrees that Landlord shall have the right to obtain the record of such transactions as prepared by the Sales App as well as a record of all Gross Sales resulting from business conducted in, on or from the Leased Premises and shall have the right to bill Licensee and/or collect percentage rent, if applicable, based on such information. Tenant shall pay Landlord a one-time setup fee of $100 for the foregoing service and a monthly fee, which monthly fee shall be subject to annual increases capped at 3% per annum (the 2023 monthly fee is estimated to be $30).
POS System/ Sales App. Tenant, at Tenant’s sole cost and expense, shall 1) be required to use one of the following POS systems (“Sales System”) at the Leased Premises to record all transactions conducted in, on or from the Leased Premises: Square, Shopify, Clover, Lightspeed, Vend, Hike or Toast POS System(s) in accordance with the provision of this agreement; and 2) connect its Sales System to a sharing platform of a provider (the “Sales App”) required by Landlord at the Shopping Center, if available, for the collection of all information relating to any transactions conducted in, on or from the Leased Premises. Tenant hereby agrees that Landlord shall have the right to obtain the record of such transactions as prepared by the Sales App as well as a record of all Gross Sales resulting from business conducted in, on or from the Leased Premises and shall have the right to bill Licensee and/or collect percentage rent, if applicable, based on such information. Tenant shall pay Landlord a one-time setup fee of $100 for the foregoing service and a monthly fee, which monthly fee shall be subject to annual increases capped at 3% per annum (the 2023 monthly fee is estimated to be $30). D2 Impossible Kicks/Dolphin Mall/03/21/23 COMMON AREA CHARGE Shopping Center Specific Special Provisions: The following Shopping Center Specific Special Provisions are incorporated into this Lease. To the extent that the Shopping Center Specific Special Provisions are inconsistent with the Standard Form, the Shopping Center Specific Special Provisions shall govern.
POS System/ Sales App. Tenant, at Tenant’s sole cost and expense, shall 1) be required to use one of the following POS systems (“Sales System”) at the Leased Premises to record all transactions conducted in, on or from the Leased Premises: Square, Shopify, Clover, Lightspeed, Vend, Hike or Toast POS System(s) in accordance with the provision of this agreement; and 2) connect its Sales System to a sharing platform of a provider (the “Sales App”) required by Landlord at the Shopping Center, if available, for the collection of all information relating to any transactions conducted in, on or from the Leased Premises. Tenant hereby agrees that Landlord shall have the right to obtain the record of such transactions as prepared by the Sales App as well as a record of all Gross Sales resulting from business conducted in, on or from the Leased Premises and shall have the right to bill Licensee and/or collect percentage rent, if applicable, based on such information. Tenant shall pay Landlord a one-time setup fee of $100 for the foregoing service and a monthly fee, which monthly fee shall be subject to annual increases capped at 3% per annum (the 2023 monthly fee is estimated to be $30). D2 COMMON AREA CHARGE In confirmation of their agreement to enter into this Lease (including the Preamble, Data Sheet, Standard Form, and all exhibits attached hereto), and intending to be bound hereby, Landlord and Tenant have signed this Lease as of the day and year first above written on page D1 of this Lease. GREEN HILLS MALL TRG LLC, a Delaware limited liability company By: /s/ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Its: Authorized Signatory LANDLORD IMPOSSIBLE KICKS HOLDING COMPANY, INC., a Delaware corporation By: /s/ ▇▇▇ ▇▇▇▇▇▇▇ Print Name: ▇▇▇ ▇▇▇▇▇▇▇ Its: Chief Financial Officer TENANT Tenant’s Federal Tax Identification Number: ▇▇-▇▇▇▇▇▇▇ E1 COMMON AREA CHARGE