GREYHOUND LINES, INC.-2016 - Laserfiche WebLink

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service. The use of any non -approved bus at the SARTC is a breach of this Agreement and will result in immediate termination of this Lease. 4. ADDITIONAL LEASE CONDITIONS: Tenant aclniowledges that this lease is subject to compliance with the additional lease conditions attached hereto as Exhibit "B". These additional lease condition are a material part of this lease agreement and any default of these conditions will be deemed a major breach and will subject this lease to immediate termination. 5. EXTENSION PERIODS: Landlord shall have the right, but not the obligation, to provide Tenant the option to extend the Term for two (2) separate consecutive additional periods of one (1) year each on the same terms and conditions as set forth in this Lease. Tenant must notify Landlord in writing of its intention to extend the lease for an additional year, at least sixty (60) days prior to the expiration of the then current Term. Each option shall be agreed to in writing by the City Manager, on behalf of the Landlord prior to the expiration of the Term or any Extension Period then in effect. If Tenant does not exercise its option to extend as provided herein, Tenant will be deemed a holdover Tenant and subject to paragraph 7 of this lease, and this lease shall be construed as a tenancy from month to month subject to all terms of this Lease. 6. RENT: (a) Tenant shall pay to Landlord, as rent ("Rent'), throughout the Term, the monthly sum of Three Thousand One Hundred and Seventy Eight Dollars ($3,178.00) in advance, on the 1 st day of each calendar month and continuing through the life of the Tenn. However, payment for the first partial month shall be prorated at $105.93 per day. The Rent includes a charge for Common Area Operating Expenses and shall be subject to a CPI adjustment for the most current period (for All Urban Consumers) annually on the anniversary of the Effective Date during the term hereof. All payments of Rent and other sums due to Landlord hereunder shall be made payable to "The City of Santa Ana" and remitted to; City of Santa Ana M-13,20 Civic Center Plaza, PO Box 1988, Santa Ana, CA 92702. A LATE CHARGE OF TEN PERCENT (10%) SHALL BE APPLIED TO ANY PAYMENT HEREUNDER DUE BUT UNPAID AFTER THE 10TH OF THE MONTH. 7, HOLDOVER: Tenant has no right to retain possession of the Premises or any part thereof beyond the expiration or termination of this Lease. In the event that Tenant holds over, then the Rent shall be increased to 150% of the Rent applicable immediately preceding the expiration or termination. Nothing contained herein shall be construed as consent by Landlord to any holding over by Tenant. Any holding over by Tenant of the Premises after the expiration or termination of this Lease shall operate and be construed as a tenancy from month to month on all terms of this Lease, terminable by either party upon thirty (30) days prior written notice to the other. 3