CCP 03-23-2010 - Laserfiche WebLink

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YEAR MONTHLY ANNUAL 10 $ 854.42 $ 10,253.01 11 $ 871.51 $ 10,458.07 12 $ 888.94 $ 10,667.23 13 $ 906.71 $ 10,880.57 14 $ 924.85 $ 11,098.18 15 $ 943.35 $ 11,320.14 No rent shall be payable under this lease until the Leased Space with all utility services and Initial Improvements hereunder is ready and available for use and has been accepted by Tenant. If the lease term as stated above commences on a day other than the first day of a calendar month or shall end on a day other than the last day of a calendar month, the rental for such first or last fractional month shall be such proportion of the monthly rental as the number of days in such fractional month bears to the total number of days in the calendar month. 2.2 ADDITIONAL .RENT. All other charges to be .paid by. Tenant pursuant to the provisions of Article VI . this Lease shall be designated as. "additional rent". Subject to the provisions of section 10.1 of this Lease, failure of Tenant to pay "additional rent" shall give Landlord the right to declare an event of default. Invoices for Additional rent will be provided by Landlord to Tenant at the conclusion of each calendar year quarter during the Term of this lease. In addition, Tenant shall pay to Landlord the amounts shown on Exhibit B each month for the first six months of this lease, representing the cost of the Initial Improvements, commencing May 1, 2010, and on the first day of each month thereafter until October 1, 2010, subject to the provisions of section 2. 1, above. The amounts shown on Exhibit B are based on an assumed cost of $20,079.00 for the Initial Improvements. If the. out -of -pocket costs of constructing the Initial Improvements are less than $20,079.00, the payments shall be reduced accordingly, based on a six month amortization schedule at the rate of 2.50% annual interest. 2.3 RENT .DELINQUENCIES. Interest accrual and disputes regarding payment shall be governed by the provisions of Minnesota Statutes Section 471.425. ARTICLE III - USE OF PREMISES 3.1 TENANTS USE. During the term of this Lease, the Leased Space shall be used solely for the purpose of offering WIC Services for families, as well as the non-exclusive right to use the hallway outside of the Leased Space for representatives of social service programs to talk to WIC participants, and for no other purposes without prior written consent of Landlord 3.2 COMPLIANCE WITH LAWS AND REGULATIONS. (a) The parties will at all times during the term hereof maintain and conduct their 3