Orange County NC Website
RENTL <br /> OPTION 1: <br /> • TENANT shall pay to the LESSOR the sUm of <br /> ($ ) <br /> per annum, oayable in monthly installments of <br /> (5 ) each due on the first day of each month, inadvance during the term of t <br /> lease *. In lieu of payment the lessor contributes this space as in-kind based on a <br /> cha e of $4 !er syuare foot sivind a total of $49 1121. <br /> oPTiom 2: <br /> (a) TENANT shall pay to the LESSOR the sum of <br /> (S ) for the first year of this lease, payable in monthly installments of <br /> ES ) each due on the first day of each month, in advance: <br /> (b) TENANT shall, pay to the LESSOR the sum of <br /> (5 ) for the second year of this lease, payable in monthly installments of <br /> ES ) each due on the first day of each month, in advance. <br /> Etc, etc. . . <br /> OPTION .3: <br /> (a) TENANT shall pay to the LESSOR the sum of <br /> ) per annum (hereinafter sometimes referred to as the "Annual Base Rent" <br /> payable in monthly Installments of <br /> II) f ) each due on the first day of each month, in advance, during the term <br /> this lease. <br /> (b) For each lease year of the lease term commencing with the second lease year <br /> TENANT shall also pay to LESSOR as additional rent along with the Annual Base Rent <br /> a sum equal to the decrease, if any, in the purchasing power of the amount of the <br /> Annual Base Rent since the cmminPncement date of the lease term. The amount of any <br /> such decrease, the amount of the aomitiona/ rent and the method of payment thereof <br /> shall be calculated and determined in the manner set forth under sub-paragraph (d) <br /> of this Paragraph 2. <br /> Co) Within thirty (30) days after the publication and issuance thereof, the LESSOI <br /> shall deliver to the TENANT a copy of the Consumer Price Index (thereinafter re- <br /> ferred to as the "Index") for Atlanta, Georgia, for all items of the Bureau of <br /> Labor Statistics of the United States Department of Labor for the first month of <br /> the first lease 'rear (hereinafter referred to as the "Base month") and for the <br /> corresponding Month in each Lease year thereafter. If the Index for the first <br /> month of the second lease year and for each corresponding month in each lease <br /> year thereafter shows a decrease in the purchasing power of the aMount of the Annus <br /> Base Rent as compared, in each such case, to the Index for the Base Month, the <br /> LESSOR, as soon as possible after the delivery of each Index subsequent to the <br /> Index for the Base Month, shall furnish the TENANT with its computation of the <br /> amount equal to such decrease, if any, and this amount shall be the amount of the <br /> • additional rant payable by the TENANT for the Lease year in question. Such additic <br /> rent shall be divided and paid in twelve (12) equal monthly installments during <br /> each such lease year. Pending the determination of the additional amount of rent, <br /> if any, to be paid by the TENANT, the TENANT shall continue to pay the Annual Base <br /> Rent in monthly installments as hereiaabove provided: and when the additional <br /> amount of rent has bea.n, determined, r....hm 7..,71 'r nn t-11= c4+...t.;u <br />