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<br /> -6- <br /> IV. <br /> Consideration due and payable by LESSEE to LESSOR pursuant to <br />Paragraph III(A)(l) and III(B)(l) above shall be paid quarterly, in <br />advance, no later than the tenth (10th) day after the closing of each <br />quarterly payment period. The first payment shall be due and payable <br />on or before the tenth (lOth) day after the execution of this Agreement <br />with subsequent payments being due and payable on or before the tenth <br />( lOth) day after the expiration of three (3) months following the date <br />of execution of this Agreement. <br /> Payment by LESSEE of consideration to LESSOR pursuant to <br />in Paragraph III (A)(2) and III(A)(3) above shall be made quarterly and <br />is due and payable no later than the tenth (lOth) day after the <br />closing of each quarterly payment period. The first payment shall be <br />due and payable on or before the tenth (lOth) day after the <br />expiration of three (3) months following the date of execution of <br />this Agreement. A copy of all invoices, delivery and sales <br />receipts, bills, and other written evidence to subtantiate the amount <br />of consideration due LESSOR shall accompany each payment by <br />LESSEE. Payment of consideration shall be made to the City of San <br />Marcos, Texas, at 630 E. Hopkins, San Marcos, Texas, 78666. All <br />financial records of LESSEE pertaining to the amount of <br />consideration due pursuant to this Agreement shall be subject to audit <br />and inspection by LESSOR during all regular business hours of <br />LESSEE. <br /> v. <br /> A. Maintenance Responsibilities--FBO Operation. <br /> LESSEE shall assume responsibility for the maintenance, repairs, <br />upkeep and janitorial maintenance of the demised premises described in <br />Paragraph II (A) above, excluding the common areas of the aviation <br />terminal building and the grounds surrounding said terminal building, <br />and LESSEE shall at all times keep the same in a sanitary, safe <br />and sightly condition and in a state of good repair. LESSEE shall be <br />responsible for the payment of all utility charges incurred <br />other than charges for electricity and water usage. <br />