6097 (EXHIBIT A - E) - Laserfiche WebLink

Home Browse Search

(b) Unless the context otherwise indicates, words importing the singular number include the plural and vice versa, and words importing persons include firms, associations and corporations, including public bodies, as well as natural persons. (c) Wherever in this Lease it is provided that either party shall or will make any payment or perform or refrain from performing any act or obligation, each such provision will even though not so expressed, be construed as an express covenant to make such payment or to perform, or not to perform, as the case may be, such act or obligation. (d) All references in this Lease to designated "Articles", "Sections" and other subdivisions are, unless otherwise specified, to the designated Articles, Sections and subdivisions of this instrument as originally executed. The words "herein", "hereof", "hereunder" and other words of similar import refer to this Lease as a whole and not to any particular Article, Section or other subdivision. (e) The Table of Contents and the Article and Section headings of this Lease will not be treated as a part of this Lease or as affecting the true meaning of the provisions hereof. ARTICLE II DEMISE OF THE LEASED PROPERTY; LEASE TERM Section 2.01. Demise of the Leased Property. In connection with the delivery of the Certificates, the Lessee has conveyed a leasehold interest in the Leased Property to the Lessor pursuant to the Ground Lease. The Lessor hereby rents, leases and demises to the Lessee, and the Lessee hereby leases from the Lessor, the Leased Property, subject to Permitted Encumbrances, on the terms and conditions and for the purposes herein set forth, together with all easements, rights and appurtenances in connection therewith or thereto belonging, to have and to hold for the term of the Lease. Section 2.02. Commencement of the Term of the Lease. The initial term of this Lease will commence as of February 1, 1997, and expire at midnight on June 30, 1997 (the "Initial Term"), subject to the Lessee's option to extend the term of this Lease for 19 consecutive one-year renewal terms commencing July 1, 1997, and a final renewal term commencing July 1, 2016 and ending February 2, 2017 (herein referred to individually as a "Renewal Term" and collectively as the "Renewal Terms"). The terms and conditions of this Lease during any Renewal Term shall be the same as the terms and conditions during the Initial Term, except that the Base Rentals and the Option Price will be as specified in Schedule 1 and Schedule 2 attached hereto, respectively, for each Renewal Term. Each option shall be exercised by the appropriation by the City Council of the Lessee, in accordance with applicable law, of sufficient money (after taking into account any money legally available for such purpose) specifically designated for the payment of Base Rentals required hereunder and adequate money to pay the reasonably estimated Supplemental Rent (calculated as provided in Section 3.01(b) hereof) for the next succeeding Renewal Term as provided herein. Such appropriation shall automatically extend the term of this Lease for the succeeding Renewal Term without any further action required by any officers or officials of the Lessee. During the Term of this Lease, the Lessee covenants and agrees that its responsible financial officer will include in the budget proposals submitted to the City Council of the Lessee, in each year during the Term of this Lease, a request or requests for an appropriation equal to the Base Rentals and -2-