AG 2004 10 18 - Laserfiche WebLink

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4. SET-UP: Lessee shall be given time, beginning at 5:00 p.m. each Event date, to install equipment and other property and conduct affairs related to that dates Event. However, such installation must be pre-approved by Lessor in writing, all such equipment and property shall be removed from the Leased Premises and the Leased Premises vacated on or before 11 :00 p.m. each use date. Lessee is respònsible for any damage to the Leased Premises resulting from the installation and removal of any such equipment and other property. , 5. LESSEE PRESENCE: Lessee agrees to be present upon the Leased Premises during the set- up for Event(s), during the Event(s) and during dismantling of the set-up. 6. RENT: During the initial tenn of this lease, in addition to any other sums due and owing Lessor hereunder, Lessee agrees to pay to Lessor for the use of the Leased Premises ~ace, the base rental aggregate sum of forty five thousand dollars ($45,000.00) ("Rent") or an average cost of two thousand five hundred dollars ($2500.00) for each use date. A non-refundable cash deposit often thousand dollars ($10,000.00) or a non-revocable letter of credit in the amount of ten thousand dollars ($10,000.00) net of all costs and expenses attendant to such letter of credit (which expenses shall' be the sole responsibility of Lessee) drawn on a financial institution acceptable to Lessor and the language of which is approved by Lessor's counsel, is required upon the execution and delivery of this lease. Provided Lessee is not in default under this lease, Rent payments may be made in increments in arrears on the last day of each month for all use dates during such month. Rent of the Leased Premises for any dates other than those dates set forth above will require additional fees and deposits, to be paid in advance. If for any reason, the Rent or any other sum owed Lessor hereunder is not paid as agreed, any box office receipts in the possession of Lessor maybe applied to the payment of any such sums owed by Lessee to Lessor and Lessor is entitled to set-off those sums prior to any remittance to Lessee. Lessee waives all rights to and hereby grants to Lessor a security interest in that portion of the box office receipts necessary to pay the Rent and any other sums owed by Lessee to Lessor in full. Lessee hereby grants Lessor pennission to execute Lessee's name to any instrument evidencing such security interest to Lessor. In the event there is a deficiency, Lessee hereby agrees to promptly , pay such deficiency. It is agreed between the Lessor and Lessee, that in addition to the Rent, Lessee agrees to pay to Lessor all applicable federal, state and local licenses, taxes, assessments, and fees (unless said Lessee is exempted from paying said tax and provides Lessor written confinnation from an appropriate authority of such exemption). The Lessor shall remit such tax to the appropriate governmental entity. 7. EQUIPMENT AND SERVICES PROVIDED BY LESSOR: The Lessor shall provide the following equipment, labor and services at no additional charge for each use date: 1. Seating for a minimum of 3500 attendees 2. Basketball floor, standards, game clock, and shot clock approved by the ABA 3. Scorer's tables and chairs for team benches 1;-3