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1997 007 Ordinance
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1997 007 Ordinance
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Last modified
11/19/2018 4:04:38 PM
Creation date
9/4/2018 8:46:54 AM
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Template:
Legislation-Meeting Minutes
Document Type
Ordinance
Number
007
Date
2/17/1997
Year
1997
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Any partial year (i.e., from the Effective Date of the Tower <br />Lease or GTE Tower Le~ise to the innned.iately subsec7uent: Conunence- <br />ment Date anniversary) shall be prorated and the balance of rent <br />due and owing shall be paid by Tenant. to Landlord ors the Effec- <br />tive Date of the Tower Leese or. GTE Tower Lease. <br />(v) In the event the Effective Date of the Tower <br />Lease or GTE Tower Lease occurs during t}Ze fifth five (5) years <br />of the initial thirty-fiive (35) year Term of this Lease, the rent <br />to be paid by Tenant to Landlord shall. be in equal yearly in- <br />stallments of Thirty-Six `Thousand Pi.c~ktty Dollars ($36,0}30.00) <br />each. Tenant shall pay any yearly installment of rent on the <br />successive annual anniversaries of the Commencement Date hereof. <br />Any partial year (i.e., from the Effective Date of the Tower <br />Lease or GTE `Tower Lease to the immediately subsequent Commence- <br />ment pate anniversary) :;11a11 be prorated and the balance of rent <br />due and owing shall be paid by Tenant to. Landlord on the rf.fec- <br />tive Date of the Tower Lease or GTE Tower Lease. <br />. (vi) In the event the Effective Date of. the Tower <br />Lease or GTE Tower Lease occurs during tkle sixth five (5) years <br />of the initial thirty-five (35) year Term of this Lease, the rent <br />to be paid by Tenant to L.and].ord .;hall. be in equal. year.]y in- <br />stallments of P'orty-Three Thousand Two Hundred Ninety-Six Dollars <br />($A3,296.00) each. Tenant shall. pay any yearly installment of <br />rent on the successive annual anniversaries of the Commencement <br />Date hereof. Any partial year (i.e., from the Effective Date of <br />the Tower Lease or GTL 'l'ower. ]ease to the immediately subsequent <br />Commencement Date anniversary) shall be prorated and the hal.ance <br />of rent due and owing shah be paid by 'Tenant to Landlord on the <br />Effective Date of the 'Tower. Lease or G'1'E 'l'ower Lease. <br />(vii) In the event: the Effective Date of the <br />Tower Lease or. G`TL Tower Lc~t;;e occurs dtrriny the seventh five (5) <br />years oi` the initial th.il-ty-five (35) year Term of this Lease, <br />the rent to be pa.id~ by Ten~~nt to Landl.or.d sh~~.l.1. be i.n equ~~.]. <br />6. <br />
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