Shared Costs Under Community Declaration Sample Clauses

Shared Costs Under Community Declaration. Landlord and Tenant acknowledge that the Premises are leased by Landlord to Tenant subject to that certain Declaration of Covenants, Conditions, Easements, Reservations and Restrictions for the Central Viera Community dated July 21, 1994 recorded July 25, 1994 in Official Records Book 3409, page 0624, in the Public Records of Brevard County, Florida, as the same has heretofore and may hereafter be amended (the "Community Declaration") relating to the real property development known as the Central Viera Community (hereinafter referred to as the "Development"). Xxxxxx further acknowledges and agrees that by virtue of this Lease, Xxxxxx will have the obligations and responsibilities of an "Owner" under the Community Declaration. Tenant covenants and agrees to pay to the Declarant (as defined in the Community Declaration) under the Community Declaration the entire share attributable to the Site of the "Assessments" as defined in the Community Declaration. Xxxxxx acknowledges and agrees that the share of the Assessments which are attributable to the Site shall be determined pursuant to the terms of the Community Declaration and that such share of the Assessments attributable to the Site shall be paid by Tenant to the Declarant under the Community Declaration before the same become delinquent and before any interest may be added for nonpayment. The Site's proportionate share, as determined by the Community Declaration, of any such Assessments for the year in which the Term commences and terminates or expires shall be prorated on a daily basis between Landlord and Tenant. If Tenant fails to pay the Site's proportionate share of any such Assessments when due, Landlord, with or without declaring a default hereunder and without relieving Tenant of any liability hereunder, may, but shall not be obligated to, pay any such amount (or any installment thereof) and any amount so paid by Landlord shall constitute Additional Rent hereunder and shall be paid immediately by Tenant to Landlord on demand with Interest thereon in the manner provided in Section 3.07 hereof. Tenant's obligation to pay the Site's share of such Assessments which accrue during the Term shall survive any termination of this Lease. Tenant agrees that the obligations of Tenant to make all payments of Additional Rent, including all payments provided in this Section 3.08, shall survive any expiration or termination of this Lease.
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Related to Shared Costs Under Community Declaration

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