Res 1997-185 - Laserfiche WebLink

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assessed directly against Tenant, then Tenant shall be responsible for and shall pay the same at such times and in such manner as the taxing authority shall require. 17.4 Tenant shall pay its pro rata share during the primary term of this lease or any renewal or extension thereof the premiums for liability insurance, fire and extended coverage insurance, or both, carried by landlord covering the Shopping Center (hereinafter referred to as the "insurance premiums"). Tenant shall pay to landlord upon demand, and in addition to the rentals and other charges prescribed in this lease, all of Its pro rata share of the Insurance premiums attributable to the Demised Premises. The payment to be made by Tenant for the Insurance of the year In which this lease terminates shall bear the same ratio to the payment which would be required to be paid for the full insurance term as the number of days of such term which elapsed prior to termination of this lease bears to the full term. 17.5 The amount of any general taxes or insurance premiums, as the case may be, which Is attributable to the Demised Premises shall be computed In accordance with the following formula: (I) (A/B) = F where "'" equals the total leasable ground floor area of the Demised Premises at the commencement of the period in question; "A" equals the dollar amount of general taxes or Insurance premiums accruing during the period in question (prorated, if necessary, to provide a period of like duration to the base real estate tax year or base insurance terms, as the case may be); "B" equals the total leasable ground floor area of all buildings in the Shopping Center at the commencement of the period in question; and "F" equals the amount of any general taxes or insurance premiums attributable to the Demised Premises. 1 thereof landlord has reason to believe that some time within the' lately succeeding twelve month period Tenant will owe landlord ent pursuant to one or more of the preceding sections of this Ar . , landlord may direct that Tenant prepay monthly a pro rata porti e prospective future payment (i.e" the prospective future payment. . y the number of months before the prospective future payment w ue). Tenant agrees that any such prepayment directed by landlo a I be due and payable monthly on the same day that minimum ARTICLE XVIII. DEFAULT 18.1 The following events shall be deemed to be events of default by Tenant under this lease: (1) Tenant shall fail to pay when due any installment of rent or any other obligation hereunder involving the payment of money. (2) Tenant shall fail to comply with any term, provision or covenant of this lease, other than as described in subsection (1) above, and shall not cure such failure within ten days after written notice thereof to Tenant. (3) Tenant or any guarantor of Tenant's obligations under this lease shall become insolvent, or shall make a transfer in fraud of creditors, or shall make an assignment for the benefit of creditors. (4) Tenant or any guarantor of Tenant's obligations under this lease shall file a petition under any section or chapter of the National Bankruptcy Act, as amended, or under any similar law or statute of the United States or any State thereof, or Tenant or any guarantor of Tenant's obligations under this lease shall be adjudged bankrupt or insolvent in proceedings filed against Tenant or any guarantor of Tenant's obligations under this lease thereunder. (5) A receiver or Trustee shall be appointed for the Demised Premises or for all or substantially all of the assets of Tenant or any guarantor of Tenant's obligations under this lease. (6) Tenant shall desert or vacate or shall commence to desert or vacate the Demised Premises or any substantial portion of the Demised Premises or shall remove or attempt to remove, without the prior written consent of landlord, all or a INITIAL. « Insignia J(etmf (irollfJ, 111<..', ~3 ~