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2019J1172 <br />A. Description of Premises. Pursuant to the Lease, Lessor, in consideration <br />of the covenants and agreements embodied in the Lease, does hereby lease and demise <br />the Premises to the Lessee. Subject to the terms, covenants and conditions embodied in <br />the Lease, the Lessee shall have the right and privilege to construct and maintain <br />improvements upon the Premises. <br />B. Term of Lease. The Lease commenced on the 1St day of April, 2018 (the <br />"Lease Commencement Date"). Unless extended or sooner terminated by written <br />agreement of the parties, the term of the Lease shall be coterminous with the initial term <br />set forth in Article III of the Hospital Lease between Lessee and Grand Island Regional <br />Hospital, Inc., a Nebraska nonprofit corporation (the "Hospital Lease"), ending at 11:59 <br />p.m. local time on the calendar day before the date that is twenty-five (25) years after the <br />"Commencement Date" defined in the Hospital Lease. <br />C. Base Rent. Lessee agrees to pay to Lessor an annual rental sum of One <br />Dollar ($1.00) per year, said annual rental to be paid in advance in one lump sum <br />payment of Thirty Dollars and no/100 ($30.00) on the Lease Commencement Date <br />hereof. <br />D. Use of Premises. Lessee is allowed to use the Premises for a hospital <br />consisting of the Improvements (as defined in the Lease) and related uses and for no <br />other use. Lessee agrees that in the use and occupation of the Premises and in the <br />prosecution or conduct of its business thereon, Lessee shall at all times comply with all <br />requirements of all laws, ordinances, orders and regulations of the federal, state, county <br />and municipal authorities now in force, or which hereinafter may be in force, and with <br />any direction or certificate of occupancy issued pursuant to any law by any public officer <br />or officers. Lessee covenants and agrees that it will not use or permit to be used any part <br />of the Premises for any dangerous, noxious or offensive trade or business and will not <br />cause or maintain any nuisance in, at or on the Premises inconsistent with the use as a <br />Hospital. <br />2. <br />