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AG 2004 09 20
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AG 2004 09 20
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Last modified
11/20/2006 9:57:06 AM
Creation date
11/27/2017 11:39:06 AM
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Template:
Meeting Minutes
Doc Type
Agenda
Meeting Minutes - Date
9/20/2004
Board
Board of Commissioners
Meeting Type
Regular
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<br />Subtenant agrees to pay Sublessor, as additional rent, a fee each month for the use of <br />electricity, gas (if currently available) and water and sewer atthe Premises ("Additional <br />Rent"). This Additional Rent shall be payable based upon Subtenant's pro-rata share of <br />such expenses. Subtenant's pro-ratà share shall be determined by Sublessor, using a <br />calculation based upon the square footage of the Premises as compared to the total square <br />footage occupancy of the Building and the square footage of all common areas using such <br />services. The payment of the Additional Rent shall be made one month in arrears, due <br />and payable within five (5) days of receipt of notification of such charge by Subtenant. <br />Subtenant acknowledges that this amount will vary from time to time. Sublessor shall <br />provide Subtenant a copy ofthe calculations used by Sublessor to determine Subtenant's <br />pro-rata share of such expenses. <br /> <br />11. Sublease and Assignment. Subtenant shall not, without prior written consent of <br />Sublessor, assign or otherwise transfer this Sublease or any interest hereunder or sublet <br />the Premises or any part thereof. All provisions contained in this Sublease shall .be <br />binding upon and inure to the benefit of any permitted successors and assigns. <br /> <br />12. Authority. Sublessor and Subtenant each warrant and represent to the othe:( that <br />they have obtained all requisite authority to enter into this Sublease and the parties <br />executing this Sublease on their behalf have the requisite authority to bind such party. <br /> <br />13. Quiet Enjoyment. Sublessor covenants and agrees, provided Subtenant pays all <br />Rent and Additional Rent and any other charges set forth herein and performs the terms <br />and conditions of this Sublease as and when required (within any applicable cure <br />period), to take all necessary steps to maintain for the benefit of Sûbtenant the quiet and <br />peaceful possession and enjoyment of the Premises without disturbance by Sublessor or <br />any other person claiming title or possession to the Premises or the Building or any part <br />thereof through Sublessor. <br /> <br />14. Subtenant's Insurance. At all times during the Term of this Lease and any <br />renewals thereof Subtenant shall provide and thereafter keep in full force and effect: (i) <br />commercial general liability insurance, such insurance to insure against liability for <br />bodily injury. and death and for property damage in an amount as may. from time to <br />time be reasonably required by Sublessor, but in any event not less than $1,000,000.00 <br />combined single limit on a per occurrence basis. (ii) workmen's compensation as <br />required by law, providing as a minimum amount, the minimum North Carolina <br />statutory benefits for all persons employed by Subtenant in connection with the <br />Premises; and (iii) builder's risk insurance during all periods in which Subtenant is <br />constructing alterations or additions to or within the Premises, in such amounts as <br />Sublessor and Subtenant mutually agree is reasonable. <br /> <br />All insurance provided shall be underwritten by insurance companies that are licensed <br />or authorized to do business and in good standing in North Carolina and shall have a <br />rating issued by an organization regularly engaged in rating insurance companies <br />(including specifically A.M. Best and Company so long as such company is engaged in <br /> <br />1="- , <br />
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