Agenda - 02-20-2007-5j - Laserfiche WebLink

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.S corporation, limited liability company, partnership, association, unincorporated organization, joint venture, joint-stock company, business or other trust, estate, government, governmental subdivision or agency or other legal or commercial entity. (c) Captions. The captions and headings in this Lease are for convenience only and in no way define, limit or describe the scope or intent of any article, section, paragraph or other provision of this Declaration: (d) Reference. All references in this Lease to articles, sections or paragraphs are references to articles, sections or paragraphs of this Declaration unless some other reference is expressly established. (e) Condominium Declaration. Each defined term in the Condominium Declaration shall have the same meaning in this Lease as is ascribed to it in the Condominium Declaration unless otherwise expressly defined in this Lease. ARTICLE H - LEASEHOLD Section 2.01 Conveyance. (a) Premises. Lessor hereby conveys, leases and demises- to Lessee, and Lessee hereby accepts from Lessor, a leasehold interest in the Premises subject to all of the terms, conditions and covenants contained in this Lease and in the Regulations. (b) Common Area. During the term of this Lease and subject to all of the terms, conditions and covenants contained in this Lease and in the Regulations, Lessee and its employees, guests, customers, licensees and invitces while doing business with Lessee shall have the non-exclusive right and privilege of using the Common Area, together with Lessor, other tenants and owners of any Unit and their respective employees, guests, customers, licensees and invitees. (c) Possession. Lessor shall deliver possession of the Premises to Lessee on the Commencement Date. Section 2.02 Term. Subject to the termination rights set forth in this Section and elsewhere in this Lease, the term of this Lease shall commence on the Commencement Date and end at 11:59:59 p.m. (local time) on the day after the one (1) year anniversary of the Commencement Date. In the event Lessor shall permit Lessee to take possession of the Premises prior to the Commencement Date, all of the terms, conditions and covenants contained in this Lease shall apply effective as of the date of such possession. Lessor shall confirm the Commencement Date and the date of termination of this Lease to Lessee, in writing, prior to the Commencement Date. Notwithstanding the foregoing, in the event Lessor shall be unable to acquire any and all permits and approvals necessary to construct the Building substantially in accordance with the- Building Plans and Specification or to upfit the Premises substantially in accordance with the Premises Upfit Plans and Specifications so as to enable Lessee to use and occupy the Premises for the permitted uses set forth in Section 2.05, either party shall be entitled to terminate this Lease upon delivery of written notice of termination to the other parry. Section 2.03 Holding Over. If Lessee shall hold over after the expiration or termination of the term of this Lease, (a) such holding over shall not be deemed to be an extension or renewal of the term of this Lease but shall be deemed to create a tenancy-at-sufferance; (b) Lessee shall be deemed to have agreed to be bound by all of the terms, conditions and covenants contained in this Lease during such tenancy-at- sufferance; and (c) during such tenancy-at-sufferance, Lessee shall pay to Lessor Annual Rent in an amount equal to one hu-*ndred ten percent (110°1x) of the Annual Rent in effect on the date of expiration or termination -3-