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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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be paid by Tenant to Landlord on the Later Date. <br />D. Notwithstanding anyt}iing contained herein to <br />the contrary, in tlZe event that, subsequent to the respective <br />Effective Date oL- the 'l'ower Lease by and between Tenant and <br />Ameritech and/or the GTE Tower Lease by and between Tenant and <br />GTE, said Tower Lease and/or <br />expire, extinguish or be can <br />("Cancellation"), the rental <br />upon said Cancellation sha].1 <br />the applicable provisions as <br />GTE Tower Lease should terminate, <br />~eled for any reason whatsoever, <br />due and owing by Tenant to Landlord <br />be as determined i.n accordance with <br />set forth in paragraph A or B or C <br />hereinabove, , <br />E. The applicable Rent, as determined pursuant <br />to paragraph A or B or C or D hereinabove, for each successive <br />five (5) year renewal period of this Lease, if any, shall be <br />increased for each period by a'Percent~~ge increase equal to <br />twenty percent (200) over and above the Rent being paid du r.i.ng <br />the prior five (5) year period. <br />(i) Upon calculation of the Rent f.or each <br />successive five (5) year period, Tenant shall pay the Dent in <br />five (5) equal annual installments, each install_rnent being due <br />and payable on the successive annual anniversary of the Commence- <br />ment Date of this Lease." <br />3. Paragraph G is hereby amended in order to add the <br />following new paragraph G(a)(ii); <br />"G. (a)(ii) Notwithstanding the aforesaid to the <br />contrary, Landlord hereby consents to Tenant's subletting of the <br />Demised Premises to G'i'E and to the execution of the G'1'E `l'ower <br />Lease." <br />4. Paragraph 6(d) is hereby deleted i.n its entirety <br />and, in lieu thereoL-, is hereby substituted the following new <br />paragraph 6(d): <br />"~• (d) In the event Tenant sublets the Demised <br />Premises, solely pursuant to subparagraph (a) herein, (but <br />10. <br />
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