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 the Lessee may assign to any Subsidiary or Affiliate of the Lessee at any time, in whole or in part, any of its right, title or interest in, to or under the Lease or any portion of any Property; provided that no such assignment shall in any way discharge or diminish any of the Lessee's obligations to the Lessor hereunder and the Lessee shall remain directly and primarily liable under this Master Lease and each Lease Supplement. No such assignment shall be effective unless (a) made pursuant to assignment and assumption documents in form and substance satisfactory to the Lessor and the Lenders, (b) an opinion of counsel to the assignee is delivered to the Lessor and the Lenders as to the due authorization, execution and delivery, and the enforceability of such assignment and such other matters as the Lessor and the Lenders may request, (c) the use or uses of any such assignee shall be such that they do not impair the value or utility of such Property, as certified by a Responsible Officer of the Lessee; provided that such certification shall not be binding on the Lessor in the event the Lessee elects the Remarketing Option, and (d) the Lessee or such assignee shall have made all filings and taken all other actions necessary or desirable to preserve and protect the rights and interests of the Lessor, the Administrative Agent and the Lenders under the Operative Documents, all at the Lessee's sole cost and expense. The Lessee shall notify the Lessor promptly, and in any event not less than thirty (30) days prior to, the date of such assignment, and provide the Lessor and the Lenders with the terms of such proposed assignment.
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: 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. Party A has the right to temporarily close the public areas (including squares) and public facilities (including but not limited to walkways, portals, windows, electric actuator, cables and wires, water pipes, elevators, escalators, fire protection, security equipment, air conditioning equipment, etc.) of the building where the Leased Unit is located, and change the overall structure and layout of the public areas of the Leased Unit.
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 give a three days’ notice to Party B for any inspection or maintenance of the Leased/Preleased Premises. Party B shall give cooperation in such inspection and maintenance. Party A shall minimize the effect of such repair or maintenance on the use of the Leased/Preleased Premises by Party B.
