COMPLIANCE INFO_2002-2007 - Laserfiche WebLink

Home Browse Search

Section 2.02 Provided Tenant is not in default under any material term or condition of this Lease, Tenant shall have the option to extend the term of this Lease for up to N/A ( ) separate option periods upon the terms set forth below in this section 2.02. The first option period shall commence at the expiration of the original Lease Term (the "First Option Period"). Each subsequent option period (the "Second Option Period" or the "Third Option Period," as applicable) shall commence at the expiration of the immediately preceding Option Period. The First Option Period, the Second Option Period, and the Third Option Period are sometimes referred to herein collectively as the "Option Periods" and individually as an "Option Period." Each Option Period shall continue for a period of N/A ( ) years from the commencement date of such Option Period. Except as otherwise expressly provided herein, all of the terms and conditions of this Lease applicable to the Original Lease Term shall continue to apply during each Option Period. To validly extend the Lease Term beyond the expiration of the Original Lease Term. With the First Option Period, Tenant must and shall deliver to Landlord written notice of Tenant's election to so extend not later than one (1) year prior to the expiration of the Original Lease Term. To validly extend the Lease Term for an additional Option Period beyond the expiration of any Option Period then in effect, Tenant must and shall deliver to Landlord written notice of Tenant's election to so extend no later than six (6) months prior to the expiration of such Option Period then in effect. Time is of the essence in the performance of all obligations by Landlord and Tenant in this Lease. _� M •' D I11 Section 3.01 Tenant shall pay to Landlord, from and after the Commencement Date and thereafter throughout the Lease Term, the sums set forth in this Lease as "Rent" without prior demand therefor and without offset, deduction, or abatement except as may be otherwise expressly provided herein. Notwithstanding the foregoing, any amounts due by Tenant to Landlord hereunder for which no due date is expressly specified herein (e.g., the first day of each month) shall be due within ten (10) days following the giving to Tenant by Landlord of written notice of such amounts due, except if some other period of time following written notice or demand is otherwise expressly provided below, then such other period shall apply. As used herein, "Rent" shall be deemed to include not only Fixed Rent but also all additional sums payable or, owed by Tenant to Landlord under this Lease ("Additional Rent"). Except as otherwise expressly provided herein, in the event of nonpayment by Tenant of any Rent, Landlord shall have the same rights and remedies in respect thereof regardless of whether such Rent constitutes Fixed Rent or Additional Rent. All payments of Rent shall be paid to Landlord (at its election) in one of the following manners: (1) via electronic deposit into an account designated by Landlord, (2) by mail at the Landlord's office indicated on the first page hereof or (3) by mail to any other place designated by Landlord upon at least thirty (30) days' prior written notice to Tenant. If the date of the Close of Escrow or the Commencement Date shall not be the first day of a calendar month, then the rent for such month shall be prorated based upon a Three Hundred Sixty -Five (365) day year. Section 3.02 Intentionally left blank. 5