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e~~voi - F9 <br />i!b~7?44i5 OF'F' 2441"i 61~. <br />(cc) "Trust" shall mean The Revocable Trust of John Q. Hammons dated <br />December 28, 1989, as amended and restated, a Missouri trust. <br />ARTICLE 2 <br />Lease Payment <br />2.1 Base Rent. Subject to adjustment pursuant to Section 7.1(b) of this Lease, base <br />rent ("Base Rent") shall be payable by Lessee semi-annually on each January 15~' and July 15~' <br />of the Tenn, commencing on July 15, 2008, with subsequent payments being due on each <br />January 15 and July 15 of every calendaz yeaz during the Term thereafter. Each rent payment <br />shall be in the amount shown for same on the schedule attached hereto as "Schedule "1 ". Base <br />Rent shall be paid without notice, demand, setoff or abatement. ]:n addition to the Base Rent, <br />Lessee shall pay, as additional rent, an amount equal to the total of all payments the City has <br />made on the Taxable Bond Debt between the time the Taxable Bond Debt is first issued to, but <br />not including, the Operational Date, which amount must be paid by Lessee on the Operational <br />Date. In the event that the Operational Date has not occurred as of July 15, 2008, then the first <br />payment of Base Rent owed hereunder shall be paid on the first January 15~' or July 15~' <br />following the Operational Date. <br />2.2 Late Pavment Charge. Other remedies for nonpayment notwithstanding, if any <br />installment of Bas ~ Rent or additional rent, as the case may be, is not received by Lessor on or <br />before the fifth (5) day after the date on which such payment is due, Lessee agrees to pay <br />Lessor a late payment chazge in the amount of five percent (5%) of such past due amount in <br />addition to all other amounts owed under this Lease. <br />2.3 Holdin¢ Over. If Lessee fails to surrender the Leased Premises at the expiration <br />or termination of the Term, occupancy of the Leased Premises after the termination or expiration <br />shall be that of a tenancy at sufferance. Lessee's occupancy of the Leased Premises during the <br />holdover shall be subject to all the teens and provisions of this Lease and Lessee shall pay to <br />Lessor an amount (on a per month basis without reduction for partial months during the <br />holdover) equal to one-twelfth of two hundred percent (200%) of the sum of the annual Base <br />Rent for the period immediately preceding the holdover. No holdover by Lessee or payment by <br />Lessee after the expiration or early termination of this Lease shall be construed to extend the <br />Tenn or prevent Lessor from immediate recovery of possession of the Leased Premises by <br />summary proceedings or otherwise. In addition to the payment of the amounts provided above, <br />if Lessor is unable to deliver possession of the Leased Premises to a new tenant, or to perform <br />improvements for a new tenant, as a result of Lessee's holdover and Lessee fails to vacate the <br />Leased Premises within fifteen (15) days after Lessor notifies Lessee of Lessor's inability to <br />deliver possession, or perform improvements, Lessee shall be liable to Lessor for all damages, <br />including, without limitation, consequential damages, that Lessor suffers from the holdover. <br />Notwithstanding anything herein to the contrary, Lessor and Lessee specifically agree that <br />no notice to terminate Lessee's tenancy hereunder will be required from and after the <br />expiration of the Term under Section 91.001 or Section 24.005 of the Texas Property Code <br />before Lessor files a forcible detainer suit on grounds that the Lessee is holding over <br />beyond the end of the rental Term hereof. <br />C-4 <br />803273 4 <br />