EXHIBIT 10.3
COMMERCIAL GROSS LEASE
Standard Form of Xxx Xxxxxxx & Co.
1. PARTIES. X. Xxxxx Gomila, et al. (hereinafter referred to,
whether one or more, as "Lessor") hereby leases to Xxxxxxx Printing
DBA Upton Printing (hereinafter referred to, whether one or more,
as "Lessee"), the following described property:
LEASED PREMISES. The two, one-story buildings known
as Nos. 740 and 000 Xxxxxxxxxx Xxxxxx between Girod
and Xxxxx Xxxxxxx, Xxx Xxxxxxx, Xxxxxxxxx 00000
2. IN SOLIDO LIABILITY. If the above described property is
leased to more than one party, the obligations of all such parties
hereunder, as Lessee, shall be in solido.
3. TERM. This lease is for a term of Thirty-six (36) months
commencing on October 1, 1997 and ending on September 30, 2000.
4. RENTAL AND PLACE OF PAYMENT. The monthly rental under this
lease shall be $5,580.00 a month for the period of October 1, 1997
thru September 30, 1998 and then adjusted annually in accordance
with the Consumer Price Index for October 1, 1997 thru September
30, 2000 ($5,580.00) payable in advance. Rent for the first full
calendar month of the term of this lease, plus the rent for any
fractional month preceding such first calendar month, shall be
payable on the signing of this Lease by Lessee and rent for
subsequent months shall be payable on the first day of October,
1997 and on the first day of each calendar month thereafter; except
that if this is a renewal lease, rent shall be payable on the date
of the beginning of this lease on the same day of each month
thereafter. All payments of rent shall be made to Xxx Xxxxxxx &
Co. at 000 Xxxxxxxxxx Xxxxxx, Xxx Xxxxxxx, Xxxxxxxxx 00000, but
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Lessor may from time to time, with the written consent of Xxx
Xxxxxxx & Co. designate other persons and places for payment of
rent by notice to Lessee. If Lessee fails to pay the monthly rent
provided above within seven (7) days after it is due, Lessee shall
pay to Xxx Xxxxxxx & Co. a late charge equal to 2% of such monthly
rent, which shall be retained by Xxx Xxxxxxx & Co. as part of its
compensation and shall be considered a form of rent.
5. UTILITY CHARGES. Lessee shall promptly pay all charges for
gas, electricity, water and other utilities consumed on or
furnished to the leased premises, including those used for air
conditioning and heating purposes, and shall pay for water
sprinkler service charge, if any. If Lessee fails to pay any
charges contemplated in this section, Lessor may, at its sole
option, pay same, which shall be considered a form of rent.
6. USE OF PREMISES. The leased premises shall be used only for
the following purposes: Printing. The leased premises shall not
be used for any unlawful purpose or in any manner that may damage
or depreciate the same.
7. REPAIRS. The leased premises and all appurtenances
contained therein, including, but not limited to, locks, keys,
glass, elevator (if any), plumbing, automatic sprinkler system (if
any), heating equipment and air conditioning equipment (if any),
are accepted by Lessee in their present condition, including any
vices or defects, latent or otherwise, that may now exist or
hereafter arise in the leased premises, except as to such repairs
or improvements as this lease requires Lessor to make. Lessor
shall maintain the roof of the leased premises in good order and
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repair, but shall not be required to make any other repairs or
replacements whatsoever to the leased premises, except those
rendered necessary by fire or other perils which would be covered
by fire and extended coverage insurance. Lessee shall, at Lessee's
expense and within a reasonable period of time, make any and all
repairs and replacements of whatsoever nature or character that may
become necessary to the leased premises during the term of this
lease other than those hereinabove required to be made by Lessor.
At the termination of this lease, Lessee shall return the leased
premises to Lessor, in like order and condition as received, broom
clean and free from trash, ordinary decay, wear and tear excepted,
and shall deliver the keys to the leased premises to Lessor or Xxx
Xxxxxxx & Co.
8. RESPONSIBILITY FOR DAMAGES, INJURIES OR LOSSES. Lessor
shall not be responsible for damage to property or injury to person
or other losses or damages caused by or resulting from leaks in the
roof of the leased premises, unless Lessor fails to take steps
toward repairing such leaks within a reasonable period of time
after being notified thereof by Lessee. Should Lessee fail to so
notify Lessor promptly, Lessee shall be responsible for damages or
losses resulting to Lessor or third parties. Nor shall Lessor be
responsible for damage to property or injury to person or other
losses or damages caused by or resulting from vices or defects,
latent or otherwise, that may now exist or hereafter arise in the
leased premises, or caused by or resulting from disrepair damage or
conditions necessitating repairs or replacements required herein to
be made by Lessee.
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9. DELAYED POSSESSION. Should Lessor be delayed in delivering
possession of the leased premises to Lessee on the commencement
date of this lease, because of any delay of existing occupants to
vacate or because of the construction of improvements or the making
of repairs required by this lease to be made by Lessor not having
been completed or because of any other reason, not due to the
design of Lessor, this lease shall not be affected thereby and
Lessee shall not be entitled to any damages for such delay, except
that Lessee shall be allowed a remission of rent for the period
prior to delivery of possession, in which case the termination date
of this lease shall remain unchanged.
10. DELAY IN MAKING REPAIRS. If this lease requires Lessor to
make improvements or repairs to the leased premises and Lessor
deems it impracticable to do so prior to the commencement date of
this lease, Lessee agrees that Lessor may make such improvements or
repairs after possession is delivered to Lessee, in a manner such
as not to unreasonably interfere with the operation of Lessee's
business, in which case there shall be no reduction or remission of
rent.
11. ALTERATIONS OR ADDITIONS BY LESSEE. Lessee shall not make
any alterations or additions to the leased premises without
obtaining Lessor's prior written consent, but any and all
alterations, additions or other improvements made by Lessee, with
or without the consent of Lessor, regardless of how attached
(except movable trade fixtures), shall immediately become and
remain the property of Lessor, without compensation therefore to
Lessee, provided Lessor shall have the right to require that
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Lessee, prior to the termination of this lease, remove any or all
such alteration, additions or improvements and restore the leased
premises to their condition at the time of the commencement of this
lease.
12. SWITCH TRACKS. If any switchtracks serve the leased
premises, any and all costs for the care, repair and maintenance
thereof and franchise charges therefore shall be paid by N/A.
13. Lessee shall comply with all requirements of State,
Municipal, Federal and other public authorities, relating to the
leased premises and the use and occupancy thereof.
14. Lessee assumes full responsibility for the condition of the
leased premises and agrees to hold Lessor harmless from any and all
liability for injury to persons or damage to property or other
losses or damages caused by or resulting from any accident or other
occurrence in, on or about the leased premises.
15. LIABILITY AND PLATE GLASS INSURANCE. Lessee shall provide
and maintain, for the mutual benefit of Lessee and Lessor,
liability insurance against claims (1) for bodily injury, or death
resulting therefrom, occurring on the leased premises, in the
amount of $300,000.00 as to any one occurrence, and (2) for
property damage in the amount of $50,000.00 as to any one
occurrence on the leased premises. Xxx Xxxxxxx & Co. promptly
shall be named as an insured in the policies evidencing such
insurance and a certificate of insurance shall be delivered to Xxx
Xxxxxxx & Co. promptly upon the execution of this lease. Lessee
shall also provide and maintain plate glass insurance in an amount
adequate to cover any and all plate glass forming a part of the
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leased premises. All of said insurance shall be carried with
responsible insurance companies authorized to transact business in
the State of Louisiana and Lessee shall deliver to Lessor evidence
of such insurance, upon request. Said insurance shall not be
canceled or materially altered by Lessee, without thirty (30) days'
prior written notice to Lessor and Xxx Xxxxxxx & Co.
16. ACTS OF LESSEE AFFECTING INSURANCE. If the rate of fire or
other casualty insurance covering the leased premises is increased
due to acts of Lessee, Lessee shall pay to Lessor the increased
cost of such insurance. Lessee will not do or cause or suffer to
be done any act or thing whereby the policy or policies of fire or
other casualty insurance covering the leased premises shall become
void or suspended. Should Lessee's occupancy cause Lessor to be
unable to obtain fire or other casualty insurance covering the
leased premises, Lessor shall have the right to terminate this
lease upon giving Lessee not less than ten (10) days' prior written
notice. Lessee agrees to notify Lessor at any time the leased
premises will become unoccupied, so that Lessor may obtain
necessary vacancy permits from Lessor's insurers.
17. SIGNS BY LESSEE. Lessee shall have the right to erect and
maintain signs advertising Lessee's business on the interior and
exterior of the leased premises, provided that the exterior signs
shall be approved in writing by Lessor as to size, design and
location and shall be erected and maintained in accordance with the
rules and regulations of the properly constituted authorities.
Lessee shall remove all signs placed on the interior and exterior
of the leased premises at the expiration of this lease and shall
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repair any damage to the leased premises caused by the erection,
maintenance or removal of such signs.
18. RIGHT OF ENTRY BY LESSOR. Lessor shall have the right to
enter the leased premises at all reasonable times for the purpose
of inspecting the same and for the purpose of making repairs
required to be made by Lessor or which Lessor may desire to make.
19. FOR SALE AND FOR RENT SIGNS; INSPECTION BY PROSPECTS.
Lessor shall have the right to place the usual "For Sale" and "By
Auction" signs on the leased premises at any time during the entire
term of this lease and the usual "For Rent" signs on the leased
premises during the last six (6) months of the term of this lease.
Lessee agrees to allow person authorized by Lessor to inspect the
leased premises during the entire term of this lease with the view
of purchasing the same and during the last six (6) months of the
term of this lease with the view of renting the same, such
inspections to be at reasonable hours. If Lessee is absent from
the leased premises, Lessor shall be notified prior thereto where
the keys may be obtained so that the leased premises may be shown
to prospective purchasers of tenants in accordance with the
foregoing. In the event of failure of Lessee to comply with any of
the provisions of this paragraph, Lessor shall have the option
either to consider this lease automatically extended for a period
of one year, upon giving notice to that effect to Lessee, or to
hold Lessee responsible for any losses suffered by such failure.
20. SURRENDER OF POSSESSION. Upon expiration or termination of
this lease, Lessee shall surrender possession of the leased
premises immediately to Lessor and if Lessee fails to do so, Lessee
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shall be liable for any and all losses or damages suffered by
Lessor, who shall have the right, but shall not be required, to
claim as such losses or damages an amount equal to five (5) times
the rent per day for each day during which Lessee fails to so
surrender possession of the leased premises. If Lessor allows
Lessee to remain in the leased premises after expiration or
termination of this lease, doing so shall not be construed as a
reconduction of this lease.
21. SUBLEASING OR ASSIGNMENT. Lessee shall not have the right to
sublease the leased premises, in whole or in part, or to assign
this lease or grant use of the leased premises to others, without
the prior written consent of Lessor and any such sublease shall
contain all the provisions of this lease to the extent applicable.
Any such subleasing or assignment shall be handled by Xxx Xxxxxxx
& Co. and Lessee shall pay to Xxx Xxxxxxx & Co. for such handling,
at Lessee's options, either (a) a cash commission in the amount of
6% of the gross rents payable during the entire term of such
sublease or the remaining term of such assigned lease on rents up
to $100,000.00 and 4% on rents in excess of $100,000.00, which
commission shall be paid in full upon execution of such sublease or
assignment, plus a commission of like amount on any percentage
rents due under such sublease or assigned lease (such figure of
$100,000.00 to apply to the aggregate of all rents), to be paid
when such percentage rents become due, or (b) a commission of 8% of
the gross rents payable during the entire term of such a sublease
or the remaining term of such assigned lease, including any
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percentage, rents payable thereunder, such commission to be paid
if, as and when such rents are actually collected, in which case
such rents shall be collected by Xxx Xxxxxxx & Co.
22. No auction sales, or other sales not in the ordinary course
of Lessee's business, shall be conducted on the leased premises,
without the prior written consent of Lessor.
23. DAMAGE BY FIRE, ETC. If the leased premises are destroyed, or
damaged to an extent so as to render them wholly unfit for the
purposes for which they are leased, by fire or other perils which
would be covered by fire and extended coverage insurance, this
lease shall automatically terminate, provide such destruction or
damage is not caused by the neglect or design of Lessee. If,
however, the leased premises are damaged by fire or such other
perils and can be repaired within one hundred twenty (120) days
after the date of such fire or other casualty caused by such other
perils, this lease shall not terminate and Lessor shall give notice
to Lessee, within thirty (30) days after such fire or such other
casualty, that Lessor will repair such damage, at Lessor's cost,
within said one hundred and twenty (120) day period, in which case
Lessee shall be entitled to a reduction or remission of rent such
as shall be just and proportionate, but shall not be entitled to
any other damages, provided that if Lessor fails to complete such
repairs within said one hundred and twenty (120) day period,
because of causes not due to the fault or design of Lessor, this
lease shall not terminate and Lessee shall not be entitled to
damages, but shall be entitled only to a further just and
proportionate reduction or remission of rent.
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24. DEFAULT. If Lessee shall fail to pay any installment of
rent or shall fail to comply with any other provision of this
lease, within ten (10) days after notice by Lessor or Xxx Xxxxxxx
& Co. to Lessee, provided that notice need not be given with regard
to nonpayment of rent after such notice has been given twice during
the period of this lease, or should Lessee abandon the leased
premises or discontinue the use of the leased premises for the
purposes for which rented or remove any property on which Lessor
enjoys a Lessor's lien or should Lessee make an assignment for the
benefit of creditors or file a voluntary petition in bankruptcy or
be adjudicated a bankrupt in an involuntary proceeding or apply for
any other relief under the laws of the United States relating to
bankruptcy or State laws relating to insolvency or should a
receiver or other custodian be appointed for any of Lessee's
property, then, in any of such events, Lessor shall have the right,
at Lessor's option, without putting Lessee in default and without
notice of default, (1) to cancel this lease effective immediately
or effective as of any date Lessor may select or (2) to proceed one
or more times for past due installments of rent only, without
prejudicing the right to proceed later for additional installments
or to exercise any other remedy, or (3) to declare the unpaid rent
for the whole unexpired term of this lease immediately due and
exigible and at once demand and receive payment of the same or (4)
to have recourse to any other remedy or mode of redress to which
Lessor may be entitled by law. In the event Lessor exercises the
right to cancel this lease, then (a) Lessor shall have the right,
as soon as said cancellation is effective, to re-enter the leased
premises and re-let the same for such price and on such terms as
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may be immediately available, without notice or court proceedings,
Lessee hereby assenting thereto and expressly waiving any notice to
vacate, and (b) Lessee shall be and remain liable not only for all
rent payable to the date such cancellation becomes effective, but
also for all damage or loss suffered by Lessor for the remaining
term of this lease resulting from such cancellation. Failure of
Lessor to exercise the rights granted herein shall not be construed
as a waiver of such rights and no indulgence by Lessor shall be
construed as a waiver of any rights herein granted.
25. ATTORNEY'S FEES. Should an attorney be engaged by Lessor to
enforce payment of the rent due under this lease or to protect any
of the interests of Lessor hereunder, with or without judicial
proceedings, Lessee agrees to pay Lessor the reasonable fee of such
attorney, which fee is hereby fixed, if the collection of money is
involved, at 25% of the amount of such money, such fee in no event
to be less than $100.00, and Lessee also agrees to pay all court
costs and other expenses incurred by Lessor.
26. RELEASE OF LESSOR ON SALE. If Lessor sells or otherwise
disposes of the leased premises and the purchaser or transferee
expressly covenants and agrees to assume all of the covenants,
conditions and stipulations of this lease and to comply with and be
bound thereby, Lessor shall thereupon be released from all
liability thereafter arising under this lease and thereafter all
liability hereunder shall rest upon such purchaser or transferee.
27. NOTICES. Any notice to be given under this lease by Lessor or
Xxx Xxxxxxx & Co. to Lessee shall be considered as duly given,
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whether received or not, if made in writing, addressed to Lessee
and mailed by registered or certified mail to Lessee at the leased
premises. Any notice to be given under this lease by Lessee to
Lessor shall be considered as duly given, whether received or not,
if made in writing, addressed to Lessor and mailed by registered or
certified mail to Lessor at the place where rent is required to be
paid under this lease as above provided. Either Lessor or Lessee
may change the designated place to which written notice may be
sent, by so advising the other, in writing, by registered or
certified mail, at the place designated in this lease or such place
as may have been subsequently designated in accordance with this
paragraph.
28. COMMISSION. Lessor agrees to pay to Xxx Xxxxxxx & Co. for
negotiating this lease, at Lessor's option, either (a) a cash
commission of 6% of the gross rents due under this lease up to
$100,000.00 and 4% of such rents in excess of $100,000.00, such
commission to be paid in full upon execution of this lease, plus a
commission of like amount on any percentage rents payable under
this lease (such figure of $100,000.00 to apply to the aggregate of
all rents), to be paid when such percentage rents become due, or
(b) a commission of 8% of the gross rents due under this lease,
including any percentage rents payable hereunder, such commission
to be paid if, as and when rents are actually collected, in which
case such rents shall be collected by Xxx Xxxxxxx & Co., provided
that if this lease is cancelled or terminated, by mutual agreement
of Lessor and Lessee, without the written consent of Xxx Xxxxxxx &
Co. and the commission on rents payable during the unexpired term
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thereof has not been paid in full, Lessor shall immediately upon
such cancellation or termination, pay to Xxx Xxxxxxx & Co., a
commission of 6% of such rents up to $100,000 and 4% of such rents
in excess of $100,000.00. Lessor further agrees to pay Xxx Xxxxxxx
& Co. a commission of like amount and payable in like manner and
under like conditions, on the gross rents, including any percentage
rents, due under any and all renewals or extensions of this lease
and any and all new leases hereafter made with Lessee or any
affiliate, nominee or representative of Lessee, covering the leased
premises or any part thereof.
29. MANAGEMENT. If the property covered by this lease is to be
managed by Xxx Xxxxxxx & Co., a management agreement on the form of
Management Agreement currently in use by Xxx Xxxxxxx & Co. shall be
executed. If such management agreement is executed, the provisions
of the immediately preceding paragraph hereof shall not apply.
30. PAYMENT OF COMMISSIONS IF PROPERTY IS SOLD. Lessor agrees
that if the property covered by this lease is sold or transferred
during the term hereof or during the term of any renewal or
extension hereof or during the term of any new lease hereafter
entered into as above mentioned, Lessor will either pay any and all
unpaid rental commissions to which Xxx Xxxxxxx & Co. is entitled as
hereinabove provided or will have the purchaser on transferee
assume the payment thereof. If the purchaser or transferee does
not assume payment of all of said unpaid commissions, Lessor (a)
will, upon the sale or transfer of said property, pay to Xxx
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Xxxxxxx & Co. a commission of 6% of the rents payable during the
remaining term of this lease or any renewal or extension thereof or
such new lease, as the case may be, up to rents totaling
$100,000.00 and 4% of such rents in excess of $100,000.00 and (b)
will, upon execution of any renewal or extension of this lease
subsequent to said sale or transfer, pay to Xxx Xxxxxxx & Co. a
commission of 6% of the rents payable under such extension or
renewal up to $100,000.00 and 4% of such rents in excess of
$100,000.00 and (c) will, upon execution of any new lease with
Lessee or affiliate, nominee or representative of Lessee,
subsequent to said sale or transfer, covering the leased premises
or any part thereof, pay to Xxx Xxxxxxx & Co. a commission of 6% of
the rents payable under such new lease up to $100,000.00 and 4% of
such rents in excess of $100,000.00 provided that as to (a), (b)
and (c), the commission on any percentage rents shall be paid when
such percentage rents become due.
31. COMMISSION ON SALE OF LEASED PREMISES TO LESSEE, SUBLESSEE
OR ASSIGNEE. If the property covered by this lease is at any time
sold to Lessee or any sublessee or assignee of this lease, or any
affiliate, nominee or representative of any of them (including a
sale pursuant to an option or agreement contained in this lease),
Lessor shall pay to Xxx Xxxxxxx & Co. a commission of 6% of the
sale price up to $100,000.00 and 4% of the sale price in excess of
$100,000.00. Xxx Xxxxxxx & Co. shall receive in full such
commission and there shall be no participation with regard thereto
with any other real estate agent or broker. The provisions of this
paragraph shall also apply to any exchange of properties made with
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Lessee or any sublessee or assignee of this lease, or any
affiliate, nominee or representative of any of them, involving the
property covered by this lease and said commission shall be based
on the then value of said property.
32. SECURITY DEPOSIT. Lessee has deposited with Xxx Xxxxxxx &
Co., as agent of Lessor, the sum of $___N/A____ which is pledged to
secure the faithful performance of all obligations of Lessee under
this lease. Said deposit shall be non-interest bearing. Said
deposit shall not be released until this lease has terminated and
it has been determined by Xxx Xxxxxxx & Co. that Lessee has
complied with all of Lessee's obligations under this lease.
33. Failure of Lessor to require strict performance by Lessee of
any of the covenants, provisions or conditions of this lease, on
one or more occasions, shall not constitute a waiver by Lessor of
the right thereafter to require strict compliance with said
covenants, provisions and conditions.
34. Xxx Xxxxxxx & Co. shall not be obligated to record this
lease.
35. This lease shall be deemed to be a contract made under the
laws of the State of Louisiana and shall be construed in accordance
with and governed by the laws of the State of Louisiana and
ordinances of the municipality and parish where the leased premises
are situated and the rules and regulations of their duly
constituted authorities.
36. If there is a conflict between the printed portions and the
typewritten portions of this lease the typewritten or handwritten
portion shall prevail.
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37. All of the provisions contained herein shall be binding upon
and shall inure to the benefit of Lessor and Lessee, their heirs,
executors, administrators, successors and assigns (as the case may
be), and all of the provisions contained herein granting rights to
Xxx Xxxxxxx & Co. shall inure to the benefit of any may be enforced
by Xxx Xxxxxxx & Co., its successors or assigns.
38. The whole agreement between the parties hereto is set forth
in this instrument and they shall not be bound by any agreements,
conditions, understandings or representations otherwise than are
expressly stipulated and set forth herein or in any amendments
hereto.
Dated: 29 October, 1997
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/s/ Xxxxx X. Xxxxxx /s/ Xxxxxx X. Xxxxxx
------------------------------ ---------------------------------------------
Lessee Lessee
Xxxx X. Xxxxxx Xxxxxx X. Xxxxxx
Vice President Secretary
/s/ X. Xxxxx Xxxxxx
---------------------------------------------
Lessor
X. Xxxxx Gomila Et Al
IN SOLIDO OBLIGATION AND GUARANTY
For value received and to induce the lessor or lessors
(hereinafter referred to as "Lessor") to enter into the foregoing
lease, the undersigned hereby makes himself or itself a party to
said lease and binds himself or itself in solido with the lessee or
lessees under said lease (hereinafter referred to as "Lessee") for
the faithful performance and fulfillment by Lessee of all of
Lessee's agreements and obligations contained in said lease and
guarantees to Lessor and Lessor's heirs, executors, administrators,
successors and assigns (as the case may be), the punctual payment
of all rents due under said lease and the performance of all other
agreements and obligations of Lessee contained in said lease, the
undersigned consenting to extensions of payment of rent by Lessor
and other indulgences by Lessor to Lessee and amendments and
modifications of said lease entered into between Lessor and Lessee
and waiving any and all requirements of notice of non-payment,
demand, non-performance or dishonor and all other requirements of
law.
Dated:____________, 19____ _________________________________________________
In Solido Obligar and Guarantor
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"RIDER"
To pay punctually all City, State and Federal Taxes, or any
other taxes, except Income and Inheritance Taxes, which may be
levied or assessed against the property, and to deliver to Lessor
all tax receipts for same. Lessee shall, at his option, pay Lessor
as additional rent on a monthly basis 1/12 of the current property
taxes to be escrowed for payment of said property taxes by Xxx
Xxxxxxx and Company.
To maintain during the term of this lease, at Lessee's
expense, insurance in solvent companies, doing business in the
State of Louisiana, in the joint names of Lessor and Lessee
against:
Fire and extended coverage to the full insurable
replacement value of the building;
O. L. & T. liability in the amount of not less than
$1,000,000.00;
Sprinkler insurance in the amount of as required.
Privilege is hereby granted to Lessee to sub-lease the
premises in whole or in part to party or parties subject to the
approval of Lessor or Lessor's agent, which approval shall not be
unreasonably withheld.
Lessee, at Lessee's own cost and expense, is hereby granted
the right or privilege to make repairs, alterations and/or
improvements to the herein leased premises necessary for the proper
conduct of Lessee's business; however, no structural changes are to
be made without the written consent of Lessor. Said repairs,
alterations and/or improvements are to be done in a thoroughly
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workmanlike manner and in accordance with the City Building Code
and the rules and regulations of the Louisiana Rating & Fire
Prevention Bureau and other similar bureaus that may be in
existence at the time.
Lessee is bound and obligated as a further consideration of
rental under this lease, to pay punctually, any and all City and
State real estate taxes which may be levied or assessed against the
property and to deliver to Lessor or Lessor's agent, all tax
receipts for same.
It is understood and agreed that Lessee is to remain
responsible for any and all damages caused to the roofs of the
buildings known as Nos. 740 and 000, Xxxxxxxxxx Xxxxxx occasioned
by the installation and maintenance of the air conditioning water
towers.
This is an extension or renewal of a lease, covering a prior
period, bearing on the same premises and it is agreed and
understood by the parties hereto that any default or violation by
Lessee in any obligation or condition of the lease, covering the
prior period, shall constitute a default or violation under the
within lease. And, further, it is agreed and understood that any
default, violation, condition or, circumstance that would terminate
or annul the lease, covering such prior period, bearing on the same
premises would likewise terminate or annul this lease.
Attached to and forming part of lease made by and between M. Field
Gomila, et al, and X. X. Xxxxx Printing, Co.
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Dated: 29 October, 1997
Xxxxxxx Printing DBA: Upton Printing
By: /s/ Xxxxx X. Xxxxxx
--------------------------------------------
Xxxx X. Xxxxxx, Vice-President
Xxx Xxxxxxx & Co. Agents for
X. Xxxxx Gomila, Et Al
By: /s/ X. Xxxxx Xxxxxx
--------------------------------------------
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