AUTOZONE - LEASE - Laserfiche WebLink

Home Browse Search

C1-: _c PPurl r EE" -ERF I TOS ._A TI: 1 a 15�G7-tom F.04 (B). PERCENTAGE RETIT_ Not later than ninety (90) days after each calendar year,TENANT shall furnish LANDL.CRD a statement showing the gross retail sales,as defined herein,made in the more on the Premises during such calendar year. At the time the statement is furnished. TENAluT agrees to pay ry LANDLORD, as addirionai rent, an amount of money equal to Tbrpg3 ,per cerit (^ �y,}qf such sales, less the total rent paid during such ye2r and less the amount paid by T>_NANT for real property taxes and for casualty and liability insurance on the Premises during such year. Gross retail sales shall be defined as all retail sales or rentals less: (i) refunds mr4de ttr customers; (2) sales, excise and gross receipts tars; (3) proceeds from the sale or rental of items or provision of services for which TENANT receives only a fee or oommission; (4)charges for labor or Similar services rendered on the Premises; (5) intracompany transfers of merohandise by TENANT. All such rent may be paid by obeck and sent to LANDLORD at the a4dress in Article 32 by ordinary first class MR. S. the ftilding and the Improvements In accordancCe with Exhibits B and C. RD acknowledges receipt of TENANT'S Standard plans and standard specifications. rtles agree prompllY to obtain an ar0hitect's plot plan and, if revision of TENANT` ra;rd plans an �I-�. p�ttications is necessary, to obtain revised plans and specifica " , the plot Marti and an revision of the p18ns and specifications to be the I ANDLORD' ponsibllity, but to be approtire by Ti~NANT arrd the cost thereof to be paid by RD. TENANT'S approval shall b evidenced by tree signature of T'ENANT'S putho • representative on the plot plan and on the to sheet of 3 sets Of plat'$ and +cations. LANDLORD agrees on or before ,79 c®r4truct tl"+a Euilding and the Imprwnments in strict accotdanoe with -the pi sAeci(ications as approved by TENANT. TENANT may enforce speC�o psrfomaa NDLQR❑'3 Coi7sttuCtiOra agreement or may pursue gray rather available INIT. legal or eRui remedy. if LANDLORD for any reason shall fail to construct the suildhig and lrrtpry Before ore �,_ ,1 S_ TENANT shall have the option to Terminate G , TENANT accepts the premis at the close of escrow is "as is" condition. 5. USE, The Premisw may be used for the fetal} sale or rental of merchandise and services } � . customarily sold or rented from time to time at any sutras operated or frarmhis�d by TENANT or at outer euto parts and.aupply stores,inc4uding but not limited to auto pans,;uppiles,accessories, ��(1 motor fuels and petroleum products or other autatrlottve•relatad products or services. TENANT i s not to install any underground tanks for oil , gasoline or fuel products. 7, ASSIGNMENT OR SUBLEASE. TENANT shall have the right to assign, sublet, mortgage or voliateraity assign this Lease or the whole or any part of the Premises, provided that any assignment or sublease or mortgage or collateral Assignment shalt be subject to all of the Terms, covenants and conditions of this Leaso, and that TENANT shalt remain liable for the performance of the terms, covenants and conditions of this Lease for the remainder of the primary term. OCcupanoy of the Pr Mlsas by TENANT'S parent,subsidiary or division,franchisee or licensees,or a merger or consolidation of TENANT with another corporation shali not constitute an assignment at sublease. LANDLOSD shall not require oonsent to and there shall be no prohibition against any arrangements between TENANT and its lender(s), including any assignment,collateral assignment, mortgage or other arrangements to secure repayment to tine lender(s) by TENANT. LANDLORD here _ consents to the TENANT'S sign Lease Agreement with Patrick Media that is ill effect 8. UTILITIES. TENANT agrees timely to pay directly to all utility cvmpanies or LANDLORD (as v agreed) all cfaarges for gas, eiectncity, telephone, sewer, water and any other utilities used by TENANT on the Premises,provided that TENANT regularly receives proper notice and evidence of all charges. 9. TAXES. TENANT agrees to pay 011 taxQ$ levied upon its personal property, including trade fixtures and inventory, located on the Premises. TENANT shali reimburse LANDLOSO for all-taxes ��-�• and assessments leviod against the Premises during the Term and the Extended Term within thirty (30) days after presentation To TENANT by LANDLORDS of receipted tax statements from the � Ni;fi7 1