Common Contracts
2 similar null contracts by KAR Holdings, Inc.
EX-10.21 2 dex1021.htm GROUND SUBLEASE GROUND SUBLEASE Rental Payments Lease Period Annual Base Rent Monthly Base Rent Year 1 $ 647,965 $ 53,997 Year 2 $ 647,965 $ 53,997 Year 3 $ 687,426 $ 57,286 Year 4 $ 687,426 $ 57,286 Year 5 $ 729,291 $ 60,774...May 5th, 2020
Tenant shall also pay all Operating Expenses (defined below) and any other amounts owed by Tenant hereunder (collectively, “Additional Rent”). In the event any monthly installment of Base Rent or Additional Rent, or both, is not paid within ten (10) days of the date when due, a late charge in an amount equal to 5% of the then-delinquent installment of Base Rent and/or Additional Rent (the “Late Charge”; the Late Charge, Default Interest, as defined in Section 21.3 below, Base Rent and Additional Rent shall collectively be referred to as “Rent”) shall be paid by Tenant to Landlord. Landlord and Tenant agree that (a) such Late Charge and Default Interest are intended to compensate Landlord for additional administrative charges and other damages incurred by Landlord on account of such late payment and do not constitute a penalty, (b) the actual damages to be suffered by Landlord in the event of a late payment of Rent shall be difficult, if not impossible, to ascertain, and (c) that such L
GROUND SUBLEASEKAR Holdings, Inc. • November 13th, 2008 • Wholesale-motor vehicles & motor vehicle parts & supplies
