Res 2001-211 - Laserfiche WebLink

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VOL 292p~Cf 514 place designated for the delivery of notices to the Lessor in paragraph 15.11. 2.02. The Lessee agrees to pay to the Lessor a fixed rental in the sum of $1.00 per year for the Leased Premises. 2.03 As further consideration, the Lessee agrees to pay to the Lessor a percentage rental in the form of a monthly fee equal to one percent of the Lessee's gross income from all of the Lessee's commercial activity at the Leased Premises, excluding sales or services to federal, state or local governments or other tax exempt organizations or agencies. Payment is to be made within ten days of the last day of the previous month and shall be based on the Lessee's income during the previous month. 2.04 The Lessee shall provide access to the Lessor, upon reasonable notice, to all business records necessary to verify the amount of fees and/or percentage rental due under this Lease. If this Lease commences or terminates on a day other than the first day of a month, all monthly rents and fees payable by the Lessee for the first month under this Lease shall be prorated accordingly. 2.05. The Lessor agrees that the revenue derived from this Lease will be allocated toward maintenance and improvement of the Airport. This requirement is not mandatory, however, unless it is required by existing indenture or agreement with the United States government. 2.06. If the Lessee fails to pay any rent or any other sum payable to the Lessor under the terms of this Lease when due, then interest at the maximum legal rate in the State of Texas shall accrue from the date on which the sum became due and payable. 2.07. The term of this Lease will commence on December 11,2001 and will extend for a period of 20 years. Article 3. Use and Care of Premises 3.01. The use of the Leased Premises by the Lessee shall be restricted to restaurant purposes, unless otherwise approved in writing by the Lessor. The Lessee shall use the Leased Premises in good faith continuously for this purpose throughout the term of this Lease. The Lessee shall not leave the Leased Premises vacant at any time, and shall keep the Leased Premises open to the public for business during normal business hours. 3.02. The Lessee shall not place or keep anything on the Leased Premises or use the Leased Premises for any purpose which increases the insurance premium cost or invalidates any insurance policy carried on the Leased Premises without the Lessor's prior written consent. The Lessee agrees that the risk of loss and damage for all property kept, stored or maintained by it within the Leased Premises shall be the Lessee's. 3.03. The Lessee shall not use or permit the use of the Leased Premises in any manner that results 2 Cuny airport cafe lease