USE BY LANDLORD Clause Samples
USE BY LANDLORD. Landlord shall be entitled to draw against the full amount of the Letter of Credit at any time provided only that Landlord certifies to the issuer of the Letter of Credit that Tenant has failed to make a payment for Tenant Improvement costs as provided in 5.F, that Tenant has failed to timely renew or extend the Letter of Credit as required by this subsection (ii), or that Tenant has failed to amend the Letter of Credit or obtain a new Letter of Credit as required by this subsection (ii) and such failure has not been cured within ten (10) days following Landlord's notice to Tenant. Tenant shall keep the Letter of Credit in effect at all times prior to payment in full for the Tenant Improvements for the Building. At least sixty (60) days prior to expiration of any Letter of Credit, the term thereof shall be renewed or extended for a period until Tenant has paid in full for the Tenant Improvements for the Building. Subject to the notice requirement and cure period provided herein, Tenant's failure to so renew or extend the Letter of Credit shall be a material default of this Lease by Tenant entitling Landlord to draw down on the entire amount of the Letter of Credit. Any amounts drawn on the Letter of Credit shall be used to pay for the cost of the Tenant Improvements. In the event the Letter of Credit is drawn by Landlord, and the proceeds used to pay for the completion of the Tenant Improvements in the Building, after Landlord's completion of the Tenant Improvements in the Building, Landlord shall refund to Tenant any excess proceeds from the Letter of Credit. In the event of termination of Landlord's interest in this Lease, Landlord may deliver the Letter of Credit to Landlord's successor in interest in the Premises and thereupon be relieved of further responsibility with respect to the Letter of Credit. Except as provided herein, no other security deposit shall be required by Tenant.
USE BY LANDLORD. Tenant shall allow the Lodi Area Fire Department use of any location on the lot or driveways for parking by fire department personnel vehicles during emergencies at any time during the term of the lease, without charge. Lodi Area Fire Department will not have access to interior of building.
USE BY LANDLORD. Landlord shall have the right to use a designated office on the Premises for use as a medical office to see ophthalmology patients for one-half day each week during regular business hours. The day of the week shall be by mutual agreement of Landlord and Tenant with reasonable consideration and coordination of the business needs and schedules of Landlord and Tenant. For such use, Landlord shall pay to Tenant the sum of $180 for each one-half day actually used each week for the initial term and first renewal term. During the second renewal tern, the rental shall be $200 per one-half day. Tenant shall provide all janitorial services, utilities, receptionist, use of all equipment on the Premises necessary to provide optical eye care, and local telephone service for the benefit of Landlord during such times. Tenant shall have no duty to buy any new ophthalmology equipment.
USE BY LANDLORD. The Security Deposit shall stand as a continuing and unconditional guarantee for the terms, covenants and conditions of this Lease and Resident’s obligations under applicable law, as well as security for the Rent, and to indemnify Landlord against any damage to the Premises or furnishings, whether caused by Resident, Occupants, or members of their family or persons upon the Premises with their consent and further to indemnify Landlord for any breach of this Lease. THE SECURITY DEPOSIT MAY NOT BE USED BY RESIDENT IN LIEU OF PAYMENT OF ANY RENT DUE UNDER THIS LEASE. If the Premises are not left professionally clean, and in as good condition as the Premises were at the beginning of the Lease Term, ordinary wear and tear only excepted, a minimum charge of $450.00 shall be deducted from the Security Deposit to cover the cost of cleaning the Premises; additional deductions shall apply for any damage. If any part of the Security Deposit shall have been used by Landlord in accordance with the terms of this Lease or applicable law, Resident shall, upon demand, immediately deposit with Landlord a sum equal to the amount so applied by Landlord, so that Landlord shall have the full Security Deposit on hand at all times during the Lease Term, and any Renewal Terms or holdover thereof. In the event of the sale, transfer or assignment by Landlord of Landlord’s interest in the Premises or this Lease, Landlord shall have the right to transfer the Security Deposit to the transferee, whereupon Landlord shall be released from all liability for the Security Deposit and Resident shall look solely to the new landlord for return of the Security Deposit. The Security Deposit will be subject to any Security Deposit Addendum attached to this Lease.