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2�7
<br /> �� SC��L�L.E��T�0�7� ��� 0�� �
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<br /> TXE AUGUfTINE l'O.-�IGOS -- � -�-
<br /> ;period, �ontgomery Y�ard & Co. , Incorporated shall furnish a statement showing the computation of
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<br /> percentage rent for that period, w►hich statement shall be conclusive unless within th��e.:(3) mont
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<br /> after it is furnished, the Landlord shall cause applicable records to be audited at the Landlord��I
<br /> . expenae by a certified publio accounta.nt in a manner which does not unreasonabl�r interfere with ��
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<br /> ` the conduct of the Tenant� � business. i
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<br /> Eaeh successive twelve (12) mon�h period of the term beginning wi�h the effective date of this ��
<br /> percentage provision is a "lease year." "Mail order sales" are sales of inerchandise not austom- i
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<br /> , arily kept or displayed on the premises consummated by the shi.pment of inerchandise from places ;
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<br /> other than the premises. i
<br /> Should �.�ont�omery '�ard & C�. , Incorporated vacate the entire premises or cease sellin� merchandis
<br /> at retail therein while the premises are� ueable for the operation of a s'tore or should it assign I�
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<br /> ; said lease hereby amended or sublei� all of the p remises to anyone except a successor or a sub- ';�
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<br /> � sidiary or controlling corporation, tiien the average monthly retail �ales durin� the twenty-four ;
<br /> ,'; (24} months or lesser period of occupancy preceding such event shall be ta,ken as the monthly re- �il
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<br /> tail sales thereafter for the computation of percentage rent, subject to abatement a,s elseWhere ;
<br /> provided. '�
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<br /> Shauld Montgomery ti'�ard & Co. , Incorporated operate a store in part of the premises and ��
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<br /> �I �I �, �'✓- aublet a part ,. then an amount, ����°° ~�^� ^^~�+ ���� two and one-half per cent (2�) of
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<br /> ; (�M•w&�o y�hich equals the excess of rent received from such subtenants over the cost of commissi n�
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<br /> heat, light , janitor and elevator service, and alterations, decorations, repairs and li;
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<br /> other expenses incident to such eubletting, shall be added to the amount of sales in i
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<br /> . computing percentage rent. Rent paid for space not included hereunder, but used as par
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<br /> of or in conjunetion with the le�.sed premises, or used for tire servicing, stora.$e of �
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<br /> ' gooda, or other non-retailing purpose in conjunetion aaith the leased premi.ses, may be I
<br /> deducted from percentage rent, but before such rent is deducted, sales made in such j
<br /> ; space shall be added to sales hereunder. i
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<br /> If the Tenant is required to pay a total ta.x, license or other charge because of main- �
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<br /> tena,nce or operation of its pl�,ces of business in the jurisdic�tion in which the premise�
<br /> are located greater trian the ag�regate amount which independent individualg,each separ-�
<br /> ately :operating one of said plaees of business, would be requirPd #�o pag, then the �
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<br /> � Tenant may deduct from any percenta.ge rent payable �i�reunder the proportionate shax e of�l
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<br /> the excess allocated to the business on the premises. �i
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<br /> F'�i.rther 3. The Tenant : �.y, on ninety (90) or more days written notice to the Landlord, further �
<br /> ' Extensians. ' �
<br /> extend said term to an d including the thirty-first day of July, Nineteen Hundred Forty-i �
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<br /> four (19�4) , upon the same t erms and_ conditions as are herein set forth eacepting only ;�
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<br /> the rate of rent. During s�.ch`..extended term, the Tenant shall pay the Landlord �
<br /> !; ��-�• ;.��r�; ...� �-�� - �„�, M�+� ^� the same rent herein provided except that the total of �'faed�
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<br /> M.w�c� plus percentage rent �_ �„� ��' t shall not exceed a magimum of Eleven Thousand ;I
<br /> ' By�g.� I�
<br /> Dollars (�11,000.00) for any lease year. I�
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<br /> �. If the Tenant has exerci8ed the foregoing privilege to further extend the term it m ,
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<br /> on ninety (90) or more days written notice to tne Landlord, again extend said term to i
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<br /> a,nd including the thirty-first day of July, Nineteen Hundred Forty-nine (19�+9) , upon th�
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<br /> same terms and conditions as are herein set forth exeepting only the rate of rent. Dur-�
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<br /> ing such extended term the Tenant shall pay the Landlord ^ ��°°� �^°�^+ °+ +�,° °�„*�°'' �
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<br /> �� y��p� �-�- the sa,�e rent herein provided, except that the total a�f fixed plus pereentage �
<br /> '� "M.'�&C� rent shall not exceed a maximum of �a�r�� «' ` . Twelve Thousand Dollars (�12,000.00)
<br /> ;; By �'�.�
<br /> for any Iease year. �
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<br /> 5. The Tenant at i�s own expense may �ake from time to time a.ny alterations, addition
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