007-339 - Laserfiche WebLink

Browse

(c) In the event lessee is granted an option to extend under the provisions of paragraph (11) (a), it is agreed that if lessee does not in any instance elect to lease said premises in accordance with the provisions of paragraph (11) (b), such failure shall in-no way limit or affect lessee's right and option to extend this lease as provided in paragraph (11) (a). (12)— Holdover. If, at the expiration or termination of this lease or any extension thereof, lessee shall hold over for any reason, the tenancy of lessee thereafter shall be from month to month only and be subject to all other terms and conditions of this lease, in the absence of a written agreement to the contrary. (13)— Assignment and Sub - letting. Lessor consents that lessee may assign or sub -let the premises, provided that lessee shall remain liable to lessor for the performance of all the terms hereof. (14)— Notice. Notices from lessee to lessor shall be sufficient if delivered to lessor, or if sent by telegraph, or if placed in the United States mails addressed to the lessor at the address shown in this lease. Notices from lessor to lessee shall be sufficient if posted in the United States mails,. postage prepaid, addressed to the lessee's place of business as shown in this lease. (15)— Change in Ownership. No change in ownership, assignment of this lease, or assignment of rentals hereunder shall be binding upon lessee unless and until lessee has been furnished either the original instrument evidencing such transfer, or assignment, or a true copy thereof. (16)— Successors and Assigns. This agreement shall be binding upon and shall inure to the benefit of the parties hereto and their respective successors or assigns. (17)— Entirety of Agreement. No prior stipulation, agreement or understanding, verbal or otherwise, of the parties or their agents shall be valid or enforceable unless embodied in the provisions of this lease. (18)— Approval and Signing by Lessee. This agreement, whatever the circumstances, shall not be binding on the lessee unless and until approved and signed in its behalf by an Executive Officer, or any of the following employees of the Domestic Sales Department: General Manager, Assistant General Manager, Assistant to Management, Manager Real Estate Division, Territorial Manager, Assistant Territorial Manager, Division Manager or Assistant Division Manager. (19)-- Lessor hereby covenants and agrees to make, or cause to be made certain improvements and alterations in accordance with plans and specifications furnished by lessee, the cost of which shall be established to- lessee's and lessor Is satisfaction before the work is commenced and which cost shall not exceed the sum-of $51000. The rental set forth in Clause (3) of this lease is based on this estimated cost of rehabilitation of $52000. The aforementioned rental rate shall not be increased, but in the event that the construction as specified in Clause (3) shall be reduced ". cost of said rehabilitation is less_ than $.5.,0.0.0,, the monthly rental by an amount e ual to ones. per cent (1/) of the difference between qX,.'. construction. X5)000 and the actual cost of (20) - -It is further understood that all rental due udder this lease may be made payable to W. E. FRANK, P.O. Box 14, Grand Island, ATLbr, with the same effect as if made payable to all lessors jointly. IN WITNESS WHEREOF lessor and lessee have hereunto subscribed their names the day and year first above written. _.. _.1j__� i.. 1. F--L., ct%�._.- .`_:.... (Seal) L!✓ Utz .r_...,. ✓•..._..._......_.... (Seal) Witness; _.... ^.... (Seal) Witness: ...... . cto ii qi . ...... (Seal) L or LJ, EXACO MC, _� ` ;i �\ �''pr:` = L i �,�; THE TEXAS COMPANY (Lessee) �.� T. ttest ._... k x �� I3y....... .- ?! .. ... Proved %as'to: Terms_ < .si; ... .......... Description .....:.\,: ...............Forni .. .../ (For Acknowledgments see reverse side)