Agenda - 01-21-20 8-l - Lease of 308 W. Franklin Street and Suite 101 at the Europa Center, and Approval of Budget Amendment #4-C

Browse Search

12 in which event Tenant shall remove such alterations, improvements and additions and restore the premise to the same good order and condition in which they were at the commencement of this Lease. Should Tenant fail so to do, Landlord may do so, collecting the cost and expense thereof from Tenant as additional rent. AFFIRMATIVE COVENANTS OF TENANT 12. Tenant covenants and agrees: (a) To comply with any and all requirements of any of the constituted public authorities, and with the terms of any State or Federal statute or public authorities, and with the terms of any State or Federal statute or local ordinance or regulation applicable to Tenant or its use of the Demised Premises and save Landlord harmless from penalties, fines, costs, expenses or damages resulting from failure to do so. (b) To give to Landlord prompt written notice of any accident, fire or damage occurring in or to the Demised Premises and the common area. (c) To keep the Demised Premises sufficiently heated to prevent freezing of water in pipes and fixtures. (e) To conduct its business in the Demised Premises in all respects in a diligent and dignified manner and keep the Demised Premises in first class condition in accordance with high standards (f) To do all things necessary to prevent the filing of any mechanics' or other liens against the Demised Premises or any part thereof by reason of work, labor, services or materials supplied or claimed to have been supplied to Tenant, or anyone holding the Demised Premises or any part thereof, through or under Tenant. If any such lien shall at any time be filed against Tenant's interest in the Demised Premises, Tenant shall either cause the same to be discharged of record within twenty(20) days after the date of filing of the same, or, if Tenant, in Tenant's discretion and in good faith, determines that such lien should be contested, shall furnish such security as may be necessary or required to prevent any foreclosure proceedings against Tenant's interest in the Demised Premises during the pendency of such contest. If Tenant shall fail to discharge such lien within such period or fail to furnish such security, then, in addition to any other right or remedy of Landlord resulting form Tenant's said default, Landlord may, but shall not be obligated to, discharge the same either by paying the amount claimed to be due or by procuring the discharge of such lien by giving security or in such other manner as is, or may be, prescribed by law. Nothing contained herein shall imply any consent or agreement on the part of Landlord to subject Landlord's estate to liability under any mechanics' or other lien of law. (h) To repay to Landlord as additional rental, on demand, all sums disbursed or deposited by Landlord pursuant to the foregoing provisions of this Article, including Landlord's costs, expenses and reasonable attorneys' fees incurred by Landlord in connection therewith, together with interest thereon at the maximum rate allowed by law. NEGATIVE COVENANTS OF TENANT 13. Tenant will not do any of the following without prior consent in writing of Landlord: (a) Do or suffer to be done, any act, matter or thing objectionable to insurance companies whereby the fire insurance or any other insurance now in force or hereafter to be placed on the Demised Premises or any part thereof, or on the building of which the Demised Premises may be a part, shall become void or suspended, or whereby the same shall be rated as a more hazardous risk than at the date when Tenant receives possession hereunder. In case of a breach of this covenant, in addition to all other remedies of Landlord hereunder, Tenant agrees to pay to Landlord as additional rent, any and all increase or increases of premiums on insurance, including rent insurance carried by Landlord on any part of the Demised Premises, caused in any way by the occupancy of Tenant. In determining whether increased premiums are the result of Tenant's use of premises, a schedule issued by the organization making the insurance rate on the Demised Premises, showing the various Initials 9 (308 W.Franklin St.) Landlord Tenant