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� a <br /> � R <br /> limited purpose of collecting any brokerage fee owed_ <br /> R <br /> 15.3 Representations and Indemnities of Broker Relationships. Lessee and Lessor each represent and warrant to the other that it <br /> has had no dealings with any person, firm, broker or finder(other than the Brokers.if any)in connection with this Lease,and that no one other than said <br /> named Brokers is entitled to any commission or finder's fee in connection herewith. Lessee and Lessor do each hereby agree to Indemnify, protect, <br /> defend and hold the other harmless from and against liability for compensation or charges which may be claimed by any such unnamed broker, finder <br /> or other similar party by reason of any dealings or actions of the indemnifying Party,including any costs, expenses, attorneys'fees reasonably incurred <br /> with respect thereto. <br /> 16. Estoppel Certificates. <br /> (a) Each Party (as "Responding Party") shalt within 10 days after written notice from the other Party (the "Requesting <br /> Party")execute, acknowledge and deliver to the Requesting Party a statement in writing in form similar to the then most current"Estoppel Certificate" <br /> form published by the AiR Commercial Real Estate Association, plus such additional informalion, confirmation and/or statements as may be reasonably <br /> requested by the Requesting Party. <br /> (b) If the Responding Party shall fail to execute or deliver the Estoppel Certificate within such 10 day period, the Requesting <br /> Party may execute an Estoppel Certificate staling that: (i)the Lease is in full force and effect without modification except as may be represented by the <br /> Requesting Party.(ii)there are no uncured defaults in the Requesting Party's performance,and(tiij if Lessor is the Requesting Party,not more than one <br /> month's rent has been paid in advance. Prospective purchasers and encumbrancers may rely upon the Requesting Party's Estoppel Certificate,and the <br /> Responding Party shall be estopped from denying the truth of the facts contained in said Certificate. In addition. Lessee acknowledges that any failure <br /> on its part to provide such an Estoppel Certificate will expose Lessor to risks and potentially cause Lessor to incur costs not contemplated by this <br /> Lease. the extent of which will be extremely difficult to ascertain. Accordingly. should the Lessee fat{ to execute and/or deliver a requested Estoppel <br /> Certificate in a timely fashion the monthly Base Rent shall be automatically increased, without any requirement for notice to Lessee, by an amount <br /> equal to 10% of the then existing Base Rent or $100, whichever is greater for remainder of the Lease. The Parties agree that such increase in Base <br /> Rent represents fair and reasonable compensation for the additional risk/costs that Lessor will incur by reason of Lessee's failure to provide the <br /> Estoppel Certificate. Such increase in Base Rent shall in no event constitute a waiver of Lessee's Default or Breach with respect to the.failure to <br /> provide the Estoppel Certificate nor prevent the exercise of any of the other rights and remedies granted hereunder. <br /> (c) If Lessor desires to finance, refinance..or sell the Promises.or any part thereof, Lessee and all Guarantors shall within 10 <br /> days after written notice from Lessor deliver to any potential lender or purchaser designated by Lessor such financial statements as may be reasonably <br /> required by such lender or purchaser,including but not limited 10 Lessee's financial statements for the past 3 years. All such financial statements shali <br /> be received by Lessor and such lender or purchaser in confidence and shall be used only for the purposes herein set forth. <br /> 17. Definition of Lessor. The term "Lessor" as used herein shall mean the owner or owners at the time in question of the fee title to the <br /> Premises.or,if this is a sublease, of the Lessee's interest in the prior lease. In the event of a transfer of Lessor's title or interest in the Premises or this <br /> Lease. Lessor shall deliver to the transferee or assignee (in cash or by credit) any unused Security Deposit held by Lessor. Upon such transfer or <br /> assignment and delivery of the Security Deposit. as aforesaid, the prior Lessor shall be relieved of all liability with respect to the obligations andior <br /> covenants under this Lease thereafter to be performed by the Lessor. Subject to the foregoing, the obligations and/or covenants in this Lease to be <br /> performed by the Lessor shall be binding only upon the Lessor as hereinabove defined. <br /> 18. Severability. The invalidity of any provision of this Lease, as determined by a court of competent jurisdiction, shaft in no way affect the <br /> validity of any other provision hereof, I <br /> 19. Days. Unless otherwise specifically indicated to the contrary, the word "days"as used in this Lease shall mean and refer to calendar days. <br /> 20. Limitation on Liability. The obligations of Lessor under this Lease shall not constitute personal obligations of Lessor. or its partners. <br /> members,directors.officers or shareholders, and Lessee shall look to the Premises,and to no other assets of Lessor, for the satisfaction of any liability <br /> of Lessor with respect to this Lease,and shall not seek recourse against Lessor's partners,members,directors, officers or shareholders,or any of their <br /> personal assets for such satisfaction. <br /> 21. Time of Essence. Time is of the essence with respect to the performance of ali obligations to be performed or observed by the Parties under <br /> this Lease. <br /> 22. No Prior or Other Agreements; Broker Disclaimer. This Lease contains all agreements between the Parties with respect to any matter <br /> mentioned herein, and no other prior or contemporaneous agreement or understanding shall be effective. Lessor and Lessee each represents and <br /> warrants to the Brokers that It has made, and is relying solely upon, its own investigation as to the nature, quality, character and financial responsibility <br /> of the other Party to this Lease and as to the use, nature,quality and character of the Premises. Brokers have no responsibility with respect thereto or <br /> with respect to any default or breach hereof by either Party. <br /> 23. Notices. <br /> 23.1 Notice Requirements. All notices required or permitted by this Lease or applicable law shall be in writing and may be delivered in <br /> person (by hand or by courier)or may be sent by regular, certified or registered mail or U.S. Postal Service Express Mail,with postage prepaid, or by <br /> facsimile transmission.and shall be deemed sufficiently given if served in a manner specified in this Paragraph 23. The addresses noted adjacent to a <br /> Party's signature on this Lease shall be that Party's address for delivery or mailing of notices. Either Party may by written notice to the other specify a <br /> PAGE 17 OF 23 ; <br /> INITIALS INITIALS <br /> ©1999-AIR COMMERCIAL REAL ESTATE ASSOCIATION FORM MTN-14-203E <br />