AgdaPkt 2009-06-22 clsd and jnt - Laserfiche WebLink

Browse Search

6.1 C Page 38 mon�h shall be a pro rata por�ion of the month(y instaflment. License fees shall be payable to the Licensor at the address set forth above or at such other address as Licensor may from time to time designate in writing. 3.3 �.�cer�see �ee �dj��trne�t. The fee �or the !'scense area will be adjusted by the consumer price index (CP[} of each year beginning on Septernber 1, 2012. The rent shal! be adjusted by multiplying the same by the annual average percentage increase �rounded to the neares# tenth decimai) in #he CPI published by the United Stafies Departrnent of Labor, Bureau of Labor Statistics (Ail Urban Consumers, Ali Items} for the San Francisco -- aakfand — San Jose Metropofitan S#atistical Area during the preceding twelve (�2} month period, ending November 30. In any event, each annua! adjustment to the Licensee's Lease Area charges shall be the CPI adjustment not #o be less #han 3% a� exceeci 8% during any given year. 3.4 Delinquent License Fees. �icensee acknow�edges that the Licensor incurs collection and adminisfirative costs associated with pursuing delinquent license payments. Licensee and Licensor hereby agree that if the iicense payment for any month is not received by the Licensor by 5:a4 p.m. on the fifth (5th) day of eacn montn, Licensee sha�l pay a lafe c�arge equaf to ten percent (10%) of the License Fee. The fate charge will be added to the succeeding month's (icense paymen#. 4. FAILURE TU PAY L[CENSE FFE OR OTHER CHARGES 4.� Failure by Licensee to pay fees or other charges when due, or to comply with any other condition, shall terminate this License a�d the Lease Agreement for Lease Area 1 A at the option o�F L�censor. � 4.2. For all instaffinents of license fees and other charges for such time as the enciosed Lease Area remains vacant for the remainder of the term of the License, such installments and charges shall be payable as they become due. 5. COMIVf{)N AREA MAINTENANCE (CAM} CHARGES 5.1 During #he license #erm, Licensee shalf pay six hundred dollars �$604} Common Area Maintenance (CAM} charge per month e�fective 30 days after the opening of all four retail and food k�osk spaces a# Courthouse Square. If one or� more fienants cease operations after the CANt payments comrnence, the Lessee's $600 CAM shall remain in effect. Payments shal[ be due on or before the first day of each and e�ery month. CAM for any period during the term hereof which is for less than one month sha�l be a pro rata portion of the monthly installment. �icensor wi[I send a notice to Licensee stating that the CAM charges shall be in effecti�e 30 days prior to the first CAM payment. The CANI shall be adjusted annualEy commencing September 1, 2Q�2 by mul#ip[ying the same by the percentage increase {rounded to the tenth decimal). in the Consumer Price lndex published by the Unifed States Depar�men# of Labor, Bureau of Labor Statistics (CPI-U}for the San Francisco— �akland —San Jose Mefiropoli�an Stati�tical Area during tf�e preceding twe(ve {12} month period, ATTY/AGR/2009.n25 461609 Initials Page 3