RENT (1. 8 NA) In exchange for the valuable consideration of providing free public library services, County’s use of the Premises shall be rent-free throughout the Term of this Lease or the Extension Term(s) and shall continue to be rent-free as long as County uses the Premises to provide free public library services.
RENT (1. 8 SR) Commencing on the first day of the first full calendar month following the issuance of a temporary certificate of occupancy or final certificate of occupancy, whichever certificate is issued first by the City for the completion by Tenant of the work set out in Clause 17 (CONSTRUCTION AND/OR ALTERATIONS BY TENANT), below (“Rent Commencement Date”), Tenant agrees to pay to County as rent for the Premises the sum of Two Thousand Five Hundred Dollars ($2,500.00) per month (“Rent”). The Parties agree that the Rent Commencement Date of this Lease will be confirmed in writing by either Party upon demand by the other. Rent shall be adjusted pursuant to the Rent Adjustment schedule in Clause 10 (RENT ADJUSTMENT) below. All Rent payments owed throughout the Term shall be owed in advance. From the Effective Date of this Lease Agreement to the day the issuance of a temporary certificate of occupancy or final certificate of occupancy, whichever certificate is issued first by the City for the completion of work set out in Clause 17 (CONSTRUCTION AND/OR ALTERATIONS BY TENANT), Tenant shall pay County One Thousand Dollars ($1,000.00) monthly as rent for the Premises. The Parties agree that Rent shall be absolutely net to County and that, except as otherwise provided herein, Tenant will pay all costs, charges, insurance premiums, taxes, utilities, expenses and assessments of every kind and nature incurred for, against or in connection with the Premises which arise or become due during the Term or Extended Term, if applicable, as a result of Tenant’s use and occupancy of the Premises (not including possessory interest assessments which are Standard Revenue HLeAa5se5DF-o4r5m1 addressed in Clause 28 (TAXABLE POSSESSORY INTEREST ASSESSMENTS). Under no circumstances is County obligated or required to make any payment of any kind whatsoever or be under any other obligation or liability under this Lease except as expressly provided herein.
RENT (1. 8 N) This Lease is at a rate of One Dollar ($1.00) per year and is based on TENANT’s non-profit status from its organization under the Internal Revenue Code Section 501(c)(3). Termination of qualified non-profit status of TENANT by Federal or State action shall be considered a material default of the terms, covenants, and conditions of this Lease. In the event of a default of this kind occurs, COUNTY shall have the right, at its sole and absolute discretion, to negotiate with TENANT reasonable modifications to the Lease to accommodate TENANT’s change in organizational status and provide adequate compensation to COUNTY, or if the negotiations of reasonable modifications to the Lease are not possible, terminate the Lease. Additionally, as consideration, COUNTY may conduct tours or offer interpretative programs, in conjunction with TENANT, and TENANT shall not withhold any request by COUNTY for such tours or interpretative programs without reasonable cause, which tours, include, but are not limited to, the viewing, interpretative, or amphitheater area of the facility. COUNTY’s use shall be in accordance with the Operating Plan herein defined below. TENANT, at TENANT’S option, may pay the Rent due for the entire initial ten (10) year term of this Lease as set forth in this Section of this Lease, in the amount of Ten Dollars ($10.00) within thirty (30) calendar days following the Effective Date of this Lease.
RENT (1
