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1997 S Purchasing - Builders Supply lease agreement
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1997 S Purchasing - Builders Supply lease agreement
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the Premises and $ 400 , 000 by the conclusion of its third year of <br /> occupancy oe the Premises . <br /> 4 . Maintenance and Modifications . <br /> a . Tenant agrees that during the Term it will , at its <br /> own expense , except as to rent set - offs expressly provided for in <br /> this Lease , ( i ) keep4the Premises in reasonably safe condition <br /> and ( ii ) keep the building and all other improvements forming a <br /> part of the Premises in good repair and in good operating <br /> condition , making from time to time all necessary repairs thereto <br /> ( including external and structural repairs ) and renewals and <br /> replacements thereof . Tenant may , also at it's own expense , make <br /> from time to time any additions , modifications or improvements to <br /> the Premises it may deem desirable for its business purposes that <br /> do not adversely affect the structural integrity of any buildings <br /> or structures located on the Premises or substantially reduce the <br /> value of the Premises ; provided that all such % additions , <br /> modifications and improvements to the Premises shall be located <br /> wholly within the boundary lines of the Premises . All such <br /> additions , modifications and improvements so made . by Tenant shall <br /> become . a part of the Premises ; provided that any item of personal <br /> property , machinery , equipment , furniture or fixture installed by <br /> Tenant for its business purposes without expense to Landlord <br /> which does not constitute a part of the Premises , may be removed <br /> by Tenant at any time and from time to time while Tenant is not <br /> in default under this Lease ; and provided further , that any <br /> damage to the Premises occasioned by such removal shall be <br /> repaired by Tenant at its own expense . Tenant will not permit <br /> any mechanics ' lien , security interest or other encumbrance to <br /> remain against the Premises for labor or materials furnished in s <br /> connection with any additions , modifications , improvements , <br /> repairs , renewals * or - replacements so . . ma-d.e . by . ...i..t . ;. . . . .p.rovided , . . . . ..that. . . . . . <br /> if Tenant shall first notify Landlord of its intention so to do , <br /> Tenant may in good faith contest any mechanics ' or other liens <br /> filed or established against the Premises , and in such event may <br /> permit the item so contested to remain undischarged and <br /> unsatisfied during the period of such contest and any appeal <br /> therefrom unless Landlord shall notify Tenant that , in the <br /> opinion of independent counsel , by nonpayment of any such items , <br /> Landlord ' s: title to the Premises will be materially endangered or <br /> the Premises: or any part thereof will be subject to loss or <br /> forfeiture , in which event Tenant shall promptly pay and cause to <br /> be satisfied and discharge all such unpaid items . Landlord will , <br /> at the expense of Tenant , cooperate fully with Tenant in any such <br /> lien contest . i <br /> 5 . Taxes , Assessments and Utilities . Tenant will promptly <br /> pay , as the same become due , all taxes and other government <br /> charges of any kind whatsoever that may at any time be lawfully <br /> assessed or levied against or with respect to the Premises or any <br /> interest therein or any machinery , equipment or other property <br /> installed or located on the Premises , including all ad valorem <br /> taxes lawfully assessed . Tenant will promptly pay , as the same <br /> 7 <br />
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