CC WORKSESSION 03041997 - Laserfiche WebLink

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I � W Landlord, which shall not be unreasonably withheld so long as the alterations do not adversely affect the structure, systems, common areas, exterior or value of the building. 11. SIGNS (Section 4D): Tenant has the right at its own expense to install and maintain one or more signs affixed to the exterior of the premises; however, the locations, specifications and designs must be approved by Landlord in advance. Tenant also has the right to maintain one reader board on the monument to be erected at the shopping center, which reader board shall be in the upper position. 12. OPTIONS TO EXTEND OR RENEW LEASE (Section 7 of the data sheet): Two periods of five years each 13. OPTIONS TO EXPAND OR RIGHT OF FIRST REFUSAL ON ADDITIONAL SPACE: None 14. USE PROVISION (Section 8 of the data sheet): The Premises shall be used by the Tenant solely for the purpose of conducting and operating the business of a typical Tires Plus franchise and for no other purpose. 15. RADIUS RESTRICTION (Section 5): Tenant agrees not to either directly or indirectly operate any other retail store within a two -mile radius of the premises of a type similar to the one authorized by the Lease. 16. PARKING REQUIREMENT (Section 12E): Parking is restricted to a portion of the shopping center shown on Exhibit B -1 of Lease. Parking for Tenant's employees is located on the west side of the premises. If Tenants and its employees, agents, sublessees, licensees, concessionaires, contractors, customers, and their invitees fail to park their cars in the designated area and if the problem continues for three days following written notice by Landlord to Tenant, Landlord shall have the right to charge Tenant $10 per day per car parked in any areas other than those designated. 17. FIRE AND INSURANCE CASUALTY PROVISION (Section 18): Landlord has the option to terminate the Lease if the casualty occurs within the last three years of the lease term or 25% or more of the premises is rendered untenantable by the casualty. Furthermore, Landlord has the option to terminate the Lease if Landlord is unable to obtain the necessary permits for the restoration of the premises or if the holder of any mortgage requires that insurance proceeds be paid on the mortgage. Tenant may terminate the Lease if more than 10% of the floor area of the premises is damaged and Landlord has not substantially completed such reconstruction within 210 days. 18. INSURANCE (Section 13): Tenant is required to keep the typical types and amounts of insurance. Landlord is required to insure the improvements