Orange County NC Website
W <br />the Premises and $400,000 by the conclusion of its third year of <br />occupancy of--the Premises. <br />4. Maintenance and Modifications. <br />a. Tenant agrees that during the Term it will, at its <br />own expense, except as to rent set -offs expressly provided for in <br />this Lease, (i) keep the Premises in reasonably safe condition. <br />and (ii) keep the building and all other improvements forming a <br />part of the Premises in good repair and in good operating <br />condition, making from time to time all necessary repairs thereto <br />(including external and structural repairs) and renewals and <br />replacements thereof_ Tenant may, also at its own expense, make <br />from time to time any additions, modifications or improvements to <br />the Premises it may deem desirable for its business purposes that <br />do not adversely affect the structural integrity of any buildings <br />or structures located on the Premises or substantially reduce the <br />.value of the Premises; provided that all such additions, <br />modifications and improvements to the Premises shall be located <br />wholly within the boundary lines of the Premises. All such <br />Tenant shall <br />additions, modifications and improvements so made by <br />become.a part of the Premises; provided that any item of personal <br />property, machinery, equipment, furniture or fixture installed by <br />Tenant for its business purposes without expense to Landlord <br />of the Premises, may be removed <br />which does not constitute a part <br />by Tenant at any time and from time to time while Tenant is not <br />in default under this Lease; and provided further, that any <br />damage to the Premises occasioned by such removal shall be <br />repaired by Tenant at its own expense. Tenant will not permit <br />any mechanics' lien, security interest or other encumbrance to <br />remain against the Premises for labor or materials furnished in <br />connection with any additions, modifications, improvements, that. <br />repairs, renewals or replacements - so made . by . _a t ;.._. provided <br />if Tenant shall first notify Landlord of its intention so to do, <br />Tenant may in good faith contest any mechanics' or other liens <br />filed or established against the Premises, and in such event may <br />permit the item so contested to remain undischarged and <br />unsatisfied during the period of such contest and any appeal <br />therefrom unless Landlord shall notify Tenant that, in the <br />opinion of independent counsel, by nonpayment of any such items, <br />Landlord's: title to the Premises will be materially endangered or <br />the Premises or any part thereof will be subject to loss or <br />forfeiture, in which event Tenant shall promptly pay and cause to ms be satisfid and discharge all s to fuplydwithnTenantnd r, <br />be <br />at the expense <br />lien contest_ <br />5_ Taxes Ass ssments and Utilities. Tenant will promptly <br />pay, as the same become due, all taxes and other government <br />charges of any kind whatsoever that may at any time be lawfully <br />assessed or levied against or with respect to the Premises or any <br />interest therein or any machinery, equipment or other property <br />installed or located on the Premises, including all ad th oreme <br />taxes lawfully assessed. Tenant will promptly pay, as <br />7 <br />