Orange County NC Website
4 <br />Customer shall not make any change, alteration, addition, or modification <br />to the Property without the prior written consent of Lessor. Any such action <br />by Customer shall be deemed a material breach of this Lease Agreement. <br />2. PAYMENT OF LEASE CHARGES. Customer hereby agrees to pay to Lessor <br />any and all charges set forth in Schedule A. Such charges shall be payable <br />within ten (10) days after date of Lessor's invoice therefore without <br />deduction or setoff. <br />Such charges shall be invoiced on a weekly or monthly basis, as specified <br />on Schedule A, and shall include the fixed rental for the ensuing calendar <br />period in advance and the mileage charge for the preceding calendar <br />period. With respect to invoices not paid within ten (10) days of the <br />date hereof, Customer shall pay to Lessor a late charge of one and one <br />half percent (1.5%) per month, not to exceed the maximum amount <br />permitted under applicable law, on the amount of default until the same <br />shall be paid in full. <br />Customer agrees to cause its driver to record the time, mileage readings, <br />and states in which Property is operated and to sign a trip report form on a <br />daily basis (or such other periodic basis as requested by Lessor) at check- <br />outand check-in of the Property. From this information Customer shall <br />furnish to Lessor by Monday of each week a complete record of the hours, <br />miles and states driven for the Property for the week ending the preceding <br />Sunday. If the mileage device of any Property fails to function, or if <br />Customer fails to report the mileage as provided herein, the mileage for <br />any day, days or fraction of a day will be determined by computing the <br />daily average mileage of the Property based upon a minimum of the <br />previous twenty one (21) days of recorded mileage and multiplying that <br />daily average by the number of days or fractions of a day during which the <br />actual mileage was unavailable to Lessor. <br />If Customer requires a Mileage Rate only and no Fixed Charge is shown <br />on Schedule A, then Customer represents that the Mileage Guarantee <br />shown on Schedule A is the average realistically estimated and <br />guaranteed annual mileage for the Property shown on Schedule A. <br />Settlement of the annual Mileage Guarantee will be made each six (6) <br />months during the term of the Lease Agreement. If the actual mileage for <br />the Property during the preceding six (6) month period is less than one-half <br />of the annual Mileage Guarantee, Customer will be billed by Lessor and <br />Customer shall pay within ten (10) days of the invoice date an amount <br />equal to the difference between the actual mileage and one-half of the <br />