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<br /> 4.2 Place of Payments. All payments required to be nade to Lessor
<br /> hereunder shall be nede at Lessor's principal office or as ray be otherwise
<br /> directed by Lessor or its assignee.
<br /> 4.3 late charges. Should Lessee fail to pay any part of the rent or
<br /> any other sum required to be paid to Lamar within fifteen (15) days after the
<br /> clue date thereof, Lessee shall pay a late payment charge equal to four percent
<br /> (4%) of the delinquent payment, or at sixth higher rate as may be permitted by
<br /> applicable law.
<br /> 4.4 Abatement of payments. There will be no abatement or reduction of
<br /> payments by Lessee for any reason, including but not limited to, any defense,
<br /> recd ent, setoff, counterclaim, or any r_la1m (real or {icy) arising ,
<br /> of or related to any defects, damages, malfunctions, Ibreakdaens or infirmities
<br /> of the Equipment. lessee assumes and shall bear the entire risk of loss and
<br /> dame to the Equipment from any cause whatsoever, it being the intention of
<br /> the parties that the rectal payments shall be made in all events unless the
<br /> obligation to pay rental is terminated as otherwise provided herein.
<br /> 4.5 ,Allocation of Interest. A portion of each rental payment shall be
<br /> allocated to interest in accordance with the amortization schedule attached to
<br /> the Schedule A of /eased/Purchased Equipment and its corresponding Acceptance
<br /> Certificate.
<br /> SFICIIC1N 5. RESFONSISIIITIES OF LESSEE
<br /> 5.1 care and use. Lessee shall use the Equipment in a careful and
<br /> proper manner, In appliance with all applicable laws and regulations, and at
<br /> its sole cost and expense, service, repair and maintain the Equipment so as to
<br /> keep the Est in good condition, repair, appearance and working order for
<br /> the purposes intended, ordinary wear and tear.excepted, and shall replace any
<br /> part of the Equipment as nay from time to time becalm wizen out, lost, stolen,
<br /> or damaged or is unfit for use. Any and all additions to or
<br /> replacements of the ..' uipm t and all parts thereof shall Constitute accessions
<br /> to the Equipment and shall be subject to all, the terms and conditions of this
<br /> Aunt and included in the term "Equipment" as used in this Agreement. If
<br /> requested by lessor, lessee shall enter into or cause to be entered into, aid
<br /> neintained in full, force and effect during the term of this Agreement, standard
<br /> maintersenoe contracts satisfactory to Lessor covering the Equipnent and shall
<br /> comply with all its obligations thereunder. lessee shall furnish wider= to
<br /> Lessor of such signed maintenance agreement at or prior to the date of this
<br /> Agreement and the payment of all charges and premiums therefor. Substitute
<br /> maintenance nay be used if necessary and if first approved by Lessor in
<br /> writing. Upon the early termination of this Agreesaent pursuant to Sections 11
<br /> and 12, lessee shall return the Equipment at its sole expense to Lessor at a
<br /> place designated by lesser in the same c a ditian as originally received,
<br /> ordinary wear and tear excepted, and in a condition which will permit Lessor to
<br /> be eligible for such standard maintenance contract without incurring any
<br /> expense to repair or rehabilitate the uip a nt.
<br /> 5.2 Inspection. Lessor shall have the right upon reasonable prior
<br /> notice to Lessee to enter into and upon the premises where the Equipment is
<br /> located to inspect the a nip _nt and observe its use clerks; reermai. business
<br /> ]ours.
<br /> 5.3 tJtilitiee. Lessee shall pay all charges for gas, water, steam,
<br /> electricity, light, heat or power, telephone ar other utility service furnished
<br /> to or used on or in connection with the Equipment during the lames term. There
<br /> shall be no abatement of rental on account of interruption of any such
<br /> services.
<br /> 5.4 Taxes. Lessee agrees to pay when due any and all taxes relating to
<br /> the Equipment and lessee's obligations hereunder, including but not limited to,
<br /> all license or registration fees, grass receipts tax, sales and use tax, if
<br /> applicable, license fees, documentary stamp taxes, rental taxes, assessments,
<br /> charges, ed valorem tamper;, excise taxes, and all other taxes licenses and
<br /> charges imposed on the cenership, pion or use of the Equipment by any
<br /> governmental body or agency, together with any Interest and penalties, other
<br /> than taxes on or measured by the net income: of Lessor.
<br /> 5.5 Alterations. Without the prior written consent of Lessor, which
<br /> consent shall not be unreasonably withheld, lessee shall not make any
<br /> • alterations, modifications or attar tm ants to the Equip ant whirls cannot be
<br /> removed without materially damaging the functional capabilities or economic
<br />
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