Orange County NC Website
13 <br /> ARTIC F)n <br /> I AND ORUS RELEASE FROM DAMAGE <br /> 11.01. Willies,and Casualty. TENANT covenants and agrees not to hold LANDLORD <br /> responsible or liable for any damages sustained by TENANT or any other person, due to the <br /> interruption or lack of utilities or utility services to the Premises or the Shopping Center or any <br /> part thereof or any appurtenances thereof becoming out of repair,or due to the happening of any <br /> accident or damage, especially, but riot exclusively, for any damage caused by water, snow, <br /> windstorm,tomado,gas,steam,electric wiring,sprinlder system,plumbing,or heating apparatus, <br /> or any casualties occumng at the shopping center. TENANT agrees not to hold LANDLORD <br /> liable for any ads or omissions of cotenants or other occupants of the Shopping Center, or for <br /> losses by theft. TENANT agrees not to overload the floor slab,electric wiring,or utilities serving <br /> the Premises and to install at its own expense, but only after obtaining LANDLORD'S written <br /> approval, any electric wiring which may be required in connection with TENANTS apparatus. <br /> TENANT shall procure for its own account and shall pay the cost of all utilities used at the <br /> Premises. <br /> 11.02. EmaAadm TENANT agrees to look solely to LANDLORD to enforce <br /> LANDLORD'S obligations hereunder and not to the partners or shareholders and shall not seek <br /> any damages against the partners or shareholders of the LANDLORD. The maximum possible <br /> liability of the LANDLORD to TENANT for LANDLORD'S obligations under this Lease shall not <br /> exceed and shall be limited to the value of LANDLORD'S interest in the Premises and TENANT <br /> shall oat look to any other property or assets of LANDLORD or any of the partners or <br /> shareholders and officers or directors of LANDLORD in seeking to either enforce LANDLORD'S <br /> obligations under this Lease or to satisfy judgment for LANDLORD'S failure to perform such <br /> obligation. <br /> ABIlCLE)9l <br /> SIGNS AND ADVERTISING <br /> 12.01. SM As provided for in Exhibit B,TENANT shall,at its own cost and expense, <br /> provide a suitable identification sign which requires Landlord approval prior to installation. Other <br /> than such permitted signs, TENANT shall riot place, install, or maintain any sign, banner, flag, <br /> aerial, ardervua, or other display outside the Premises unless consented to in writing by <br /> LANDLORD; nor shall TENANT place or maintain on the glass of any window or door of the <br /> Premises, or within one(1) foot of any such glass, any sign, decoration, lettering, advertising <br /> natter, shade, blind, or other thing. All signs used by TENANT shall be professionally printed, <br /> no handwritten signs are allowed. <br /> 12.02. Mar10ft Ford TENANT agrees to pay LANDLORD a non-recurring initial <br /> assessmerrt,within ten(10)days of demand thereof,that amount as specified in Article 1. <br /> LANDLORD may, at LANDLORD'S sole discretion, establish a Marketing Fund <br /> for the Shopping Center to conduct sales promotions, center-wide advertising and related <br /> activities intended to promote the Shopping Center. If established,TENANT agrees to pay that <br /> amount in Article I to the Marketing Fund and this charge will be increased annually as provided <br /> in this Lease.All monies received by LANDLORD under Section 1.12 shall be used solely for the <br /> purpose of advertising, promotions, and related expenses. The LANDLORD hereby agrees to <br /> pay 250/6 of ttat amount paid by TENANT to the Marketing Fund in any Lease Year and <br /> LANDLORD agrees to provide management personnel to direct all advertising and promotions, <br /> suffident secretarial services, utilities, supplies, telephone and all equipment necessary for the <br /> efficient operation of the Marketing Fund, however, said costs are considered administrative <br /> expenses and therefore will be deducted from LANDLORD'S contribution. All personnel and all <br /> advertising and promotion experditures and decisions shall be under the exclusive control of the <br /> LANDLORD. TENANT agrees to participate by the purchase and placement of an ad in a <br /> minimum of four(4)Marketing Fund sponsored advertising efforts. TENANT agrees that such <br /> advertisement shall be no less that one-fourth (1/4) page for tabloid and direct mail or the <br /> equivalent in newspaper or electronic media. <br /> ARTICLE)911 <br /> CASUALTY AND CONDEMNATION <br /> 13.01. Fie,Ejmloeion ar Other Casualty. In the event the Premises are damaged by fire, <br /> explosion or any other casualty to an extent which is less than fifty(50%)percent of the cost of <br /> 11 <br />