Laserfiche WebLink
<br />month shall be a pro rata portion of the monthly installment. License fees shall <br />be payable to the Licensor at the address set forth above or at such other <br />address as Licensor may from time to time designate in writing. <br /> <br />3.3 Licensee Fee Adjustment. The fee for the license area will be adjusted by the <br />consumer price index (CPI) of each year beginning on February 1, 2009. The <br />rent shall be adjusted by multiplying the same by the annual average percentage <br />increase (rounded to the nearest tenth decimal) in the CPI published by the <br />United States Department of Labor, Bureau of Labor Statistics (All Urban <br />Consumers, All Items) for the San Francisco - Oakland - San Jose Metropolitan <br />Statistical Area during the preceding twelve (12) month period, ending November <br />30. In any event, each annual adjustment to the Licensee's License Area <br />charges shall be the CPI adjustment not to be less than 3% or exceed 8% during <br />any given year. The monthly rent shall be adjusted annually only for the period <br />beginning February 1, 2009 and ending November 6, 2012. <br /> <br />3.4 Delinquent License Fees. Licensee acknowledges that the Licensor incurs <br />collection and administrative costs associated with pursuing delinquent license <br />payments. Licensee and Licensor hereby agree that if the license payment for <br />any month is not received by the Licensor by 5:00 p.m. on the fifth (5th) day of <br />each month, Licensee shall pay a late charge equal to ten percent (10%) of the <br />License Fee. The late charge will be added to the succeeding month's license <br />payment. <br /> <br />4. FAILURE TO PAY LICENSE FEE OR OTHER CHARGES <br /> <br />4.1 Failure by Licensee to pay fees or other charges when due, or to comply with any <br />other condition, shall terminate this License and the Lease Agreement for Lease <br />Area 1 B at the option of Licensor. <br /> <br />4.2. For all installments of license fees and other charges for such time as the <br />enclosed Lease Area remains vacant for the remainder of the term of the <br />License, such installments and charges shall be payable as they become due. <br /> <br />5. COMMON AREA MAINTENANCE (CAM) CHARGES <br />5.1 During the license term, Licensee shall pay six hundred dollars ($600) Common <br />Area Maintenance (CAM) charge per month commencing January 15, 2008. <br />Payments are due on or before the first day of each and every month beginning <br />on January 1, 2008. CAM for any period during the term hereof which is for less <br />than one month shall be a pro rata portion of the monthly installment <br /> <br />The CAM shall be adjusted annually commencing February 1, 2009 by <br />multiplying the same by the percentage increase (rounded to the tenth decimal). <br />in the Consumer Price Index published by the United States Department of <br />Labor, Bureau of Labor Statistics (CPI-U) for the San Francisco - Oakland - San <br />Jose Metropolitan Statistical Area during the preceding twelve (12) month period, <br />ending November 30. In any event, each annual adjustment to the Licensee's <br />Common Area charges shall be the CPI adjustment not to be less than 3% or <br />exceed 8% during any given year. <br /> <br />ATTY/AGR/2007.068 <br />110107 <br /> <br />3 <br />