LEASE TERM AND PAYMENTS. Lease Term and Lease Payment amounts are in the Payment Table below. If the Payment Due Dates are not defined, they will be the 15th day of each Annual period in the Payment Table, commencing with the Acceptance Date as stated in the attached Certificate of Acceptance. Lessee, so long as no Event of Default has occurred and is continuing, shall have the option to prepay the Lease Payments due under this Agreement by paying the outstanding principal together with all accrued and unpaid interest, plus a prepayment premium equal to 3% of the outstanding principal. This Agreement cannot be canceled or terminated by Lessee except as expressly provided in this Agreement. Lessor and Xxxxxx intend that the obligation to pay Lease Payments shall not in any way be construed to be a debt of Lessee in contravention of any applicable constitutional or statutory limitations or requirements concerning the creation of indebtedness, nor shall anything contained in this Agreement constitute a pledge of the general tax revenues, funds or monies of Lessee. Lessee shall pay when due all applicable taxes and governmental charges assessed with respect to the Property. If the parties enter into an escrow agreement for the acquisition of the Property, then the escrow agreement shall be attached to this Agreement. In lieu of the Acceptance Date for commencement of Lease Payments, the date of deposit of the Property Cost into the escrow by Lessor shall be used. NO OFFSET: SUBJECT TO ANY RIGHT TO NON-APPROPRIATE, THE OBLIGATIONS OF LESSEE TO PAY THE LEASE PAYMENTS DUE UNDER THIS AGREEMENT AND TO PERFORM AND OBSERVE THE OTHER COVENANTS AND AGREEMENTS CONTAINED IN THIS AGREEMENT SHALL BE ABSOLUTE AND UNCONDITIONAL IN ALL EVENTS WITHOUT ABATEMENT, DIMINUTION, DEDUCTION, SET-OFF OR DEFENSE, FOR ANY REASON, WITHOUT LIMITATION,. THIS PROVISION SHALL NOT LIMIT LESSEE'S RIGHTS OR ACTIONS AGAINST ANY SUPPLIER.
LEASE TERM AND PAYMENTS. The lease shall be for a term of day(s), and shall commence on (Date) , At (Time) and expire promptly on (Date) , at (Time) . Lessee agrees to pay the rental sum of $ , plus a refundable damage/cleaning deposit of $135.00. A deposit of 25% of the rent shall be paid by Lessee to Lessor at the time of execution of this agreement. Full payment of the rental fee, plus the damage/cleaning deposit, must be made at least 14 days prior to the commencement date of the event. Reservations cannot be confirmed until this deposit is made. Advance deposit is refundable when cancellation of the Rental Contract is made two weeks or more before the event. Seventy-five percent of the rental deposit will be refunded if cancellation is made between 7 and 14 days before the event. No rental refund will be made 7 days or less before the event. Lessor shall return the damage/cleaning deposit, less any amount deducted for damages and cleaning, within 10 days of the completion date of the event or when the event is cancelled. Lessee will provide security officers. (If required) Name, address and phone number of agency supplying security officers. LESSEE’S RESPONSIBILITIES
LEASE TERM AND PAYMENTS
