TRES ESTRELLAS DE ORO 1 - 2003 - Laserfiche WebLink

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DO NOT RECORD (b) (c) For any Renewal Term, Licensee shall pay the then current compensation, increased by fifteen percent (15%). Any holding over after the expiration of the Term or Renewed Term, with the consent of Licensor, shall be construed to be an extension from month to month at two (2) times the compensation herein specified and shall otherwise be consistent with the conditions herein specified, so far as applicable. Section 1.04 Security Deposit Contemporaneously with the execution of this Agreement, Licensee shall deposit with Licensor the additional sum of Two Thousand Dollars ($2,000.00) as a security deposit (Licensee has previously deposited One Thousand Dollars with Licensor for security deposit, and the total deposit shall be Three Thousand Dollars). The deposit shall be held by Licensor, without liability for interest, as security for the faithful performance by Licensee of all the terms, covenants, and conditions of this Agreement to be kept and performed by Licensee during the Term of this Agreement, or any extension thereof, and including the removal of Licensee's Facilities as set forth herein. Upon successful completion of all term and conditions of this Agreement, the security deposit shall be refunded to Licensee. Section 1.05 Non-Possessory Interest Licensor retains full possession of the License Area and Licensee will not acquire any interest temporary, permanent, irrevocable, possessory or otherwise by reason of this Agreement, or by the exercise of the permission given herein. Licensee will make no claim to any such interest. Any violation of this provision will immediately void and terminate this Agreement. Section 1.06 Non-Recording Neither party shall record this Agreement. ARTICLE 2 - TAXES AND UTILITIES Section 2.01 Taxes Licensor is responsible for all taxes on the Property, which includes the License Area. Section 2.02 Utilities Licensor shall pay for all electricity, gas, water sewer and janitorial services furnished to the License Area for the use, operation and maintenance of Licensee's Facilities during the Term of this Agreement, or any extension thereof, and for the removal of garbage and rubbish from the License Area during the Term of the Agreement, or any extension thereof.