Agenda Packets - 1977/08/04 - Laserfiche WebLink

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any partial month or year, Base Rent shall be adjusted accordingly; provided further, however, that on each anniversary of the Commencement Date the rate per square foot shall be increased (but not decreased) by the increase in the Consumer Price Index, or successor index("CPI") from the CPI at the Commencement Date to the CPI immediately prior to such anniversary; provided, further that in no event shall such increase in the rate per square foot from one year to the next foot exceed five percent (5%). 4. GROSS LEASE; NO ADDITIONAL RENT. Except for the cost of telephone service, notwithstanding any contrary provision contained in this Lease, this Lease shall be deemed a "gross" lease, Landlord shall be responsible for the supply of electricity, natural gas, water, sanitary sewer, and trash collection and snow removal for the Demised Premises, and Landlord (and not Tenant) shall be responsible for any other monetary obligations associated with ownership or operation of the Demised Premises. 5. TENANT'S USE. During the term of this Lease, the Demised Premises shall be used solely for the purpose of general educational purposes. Tenant shall not assign this Lease or sublease the Demised Premises in whole or in part without Landlord's prior written approval. 6. MAINTENANCE AND REPAIRS. Landlord shall be responsible for 1111 repairs and maintenance of the Demised Premises, i.e., roof, glass and mechanical equipment. Tenant shall be responsible for damages caused by Tenant, its clients or invitees. 7. SURRENDER OF PREMISES. At the expiration or termination of this Lease, Tenant shall surrender the Demised Premises in the same condition as existed on the commencement date of this Lease, ordinary wear and tear excepted. All fixtures which have become attached shall be part of the Demised Premises, except trade fixtures. 8. LANDLORD IMPROVEMENTS. Landlord shall cause to be constructed the improvements on the Demised Premises as set forth in Exhibit B (Landlord Work) attached hereto. Without limiting the foregoing, Landlord shall cause the Demised Premises to contain two (2) separate, secure entrances. Tenant shall not construct any improvements in the Demised Premises or alter the Demised Premises without Landlord's prior written consent. 9. TENANT'S LIABILITY INSURANCE. Tenant shall during the entire term hereof keep in full force and effect a policy of public liability and property damage insurance with respect to the Demised Premises, and the business operated by Tenant and any sublessees with respect to the Demised Premises, in which the limits of public liability shall not be less than $1,000,000 per person and $1,000,000 per accident and in which the property damage liability shall not be less than $500,000. The policy shall name Landlord as additional insured and shall contain clauses that losses shall be payable L201117449 MU205-1 7