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Landlord of Landlord ' s receipt of notice from Georgia -- Pacific <br /> Corporation , of Georgia - Pacific Corporation ' s intent not to renew <br /> its lease of the Premises . In the event Tenant shall fail to <br /> make any of the lease payments required , the payment so in <br /> default shall continue as an obligation of Tenant until the <br /> amount in default shall have been fully paid , and Tenant agrees <br /> to pay the same with interest thereon at NationsBank ' s prime rate <br /> plus 1 % per annum until paid . Rent payments shall , be made to <br /> Landlord and shall be received on the due date at the Office of <br /> Purchasing and Central Services of Landlord or received <br /> electronically on the due date in an account or accounts <br /> designated by Landlord . <br /> b . Tenant has indicated its interest in making <br /> certain capital improvements to the Premises upon its occupancy <br /> of the Premises , which capital improvements , when completed , will <br /> be permanently affixed to the Premises or to structures that are <br /> on the Premises and will thereafter become a part of the <br /> Premises • . For example but not by way of limitation , the roof to <br /> the building may need to be replaced , doors to the building may <br /> need to be replaced and the gravel parking areas may better serve <br /> Tenant ' s needs if some or all of them are paved , and it may be <br /> necessary or appropriate to remodel the offices and bathrooms , <br /> make railroad spur improvements and connect the sanitary sewer <br /> facilities to the public service provided by the Town of <br /> Hillsborough . Landlord agrees to a rent set = off for any such <br /> capital improvements undertaken and completed by Tenant , and upon <br /> Tenant ' s submitting proof of - their cost to .Landlord , within the <br /> first five years of the original term up to a maximum of <br /> $ 150 , 000 , with no more than $ 50 , OOO . set off in any one year ; <br /> provided , if Tenant expends more than $ 50 , 000 in one year , the <br /> excess may be carried over and set off against rent in the <br /> following <br /> year s ) in- - all - +ca,ses subject . . to the" . . 1.imi .tatJ .on . .. . .tha .t . . .not. . . . . <br /> more than $ 50 , 000 will be set off on any single year nor more <br /> than $ 150 , 000 in the aggregate and no set offs will be taken <br /> after the initial five years of the term . <br /> c . The obligations . of Tenant to make rent payments <br /> required shall be absolute and unconditional and shall not be <br /> subject to diminution by set - off , counterclaim , abatement or <br /> otherwise during the Term except as expressly provided in this <br /> Lease . Nothing contained in this subparagraph shall be construed <br /> to release Landlord from the performance of any of the agreements <br /> on its part contained in this Leas.e ; and in the event Landlord <br /> shall fail to perform any such agreement on its part , Tenant may <br /> institute such action against Landlord as Tenant may deem <br /> necessary to compel performance or recover its damages for non - <br /> performance provided that no such action shall violate the <br /> agreement on the part of Tenant to unconditionally make the rent <br /> payments or diminish the amount of the rent payments . <br /> d . Tenant makes the following representations as an <br /> inducement to and the basis for its undertakings and Landlord ' s <br /> agreement to lease the Premises to Tenant . These representations <br /> 5 <br />