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KCAP Holdings Inc. 7/24/2017
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KCAP Holdings Inc. 7/24/2017
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Last modified
9/13/2017 10:34:03 AM
Creation date
9/13/2017 10:33:56 AM
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Contracts
Contractor's Name
KCAP Holdings Inc.
Approval Date
7/24/2017
End Date
6/30/2018
Department
Facilities
Department Project Manager
Barbara Hardman
Subject / Project Title
Lease 6209 Evergreen Way Jiffy Lube Site
Tracking Number
0000816
Total Compensation
$0.00
Contract Type
Agreement
Contract Subtype
Lease
Retention Period
6 Years Then Destroy
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SERVICES. Lessee shall provide at its own expense any other services that Lessee <br /> may require including but not limited to additional electricity needs, water, sewer, and garbage <br /> services. <br /> ACCESS REPAIRS. No compensation shall be made to or claimed by the Lessee <br /> from the Lessor by reasons of inconvenience, annoyance or damage of any kind whatsoever <br /> arising from the making of repairs to or maintenance or alteration of the Premises covered <br /> hereby. Lessor reserves the right to make repairs, alterations, connections or extensions when <br /> and where the same may be deemed by the Lessor to be necessary. Nothing herein contained <br /> shall be construed as an agreement on the part of the Lessor to make any repair or alteration <br /> whatsoever. Lessee agrees to pay for all repairs, alterations, connections or extensions becoming <br /> necessary, in the reasonable opinion of Lessor, due to negligence of Lessee, its agents, <br /> employees, officers and registered volunteers. <br /> SIGNS. No Signage is permitted in the leased area. <br /> INSOLVENCY. In the event that the Lessee shall make an assignment for the benefit <br /> of creditors, or shall be adjudicated a bankrupt, or if a receiver is appointed for the Lessee or if <br /> the property of the Lessee upon the Premises shall be seized by any enforcement officer by <br /> reason of an attachment, execution or other process, Lessor shall have the option to terminate <br /> this lease. <br /> DEFAULT-TERMINATION. If Lessee materially fails to observe or perform any <br /> term or condition of this lease,the Lessor may elect to deliver written notice to the Lessee as <br /> specified in section 12 above. After failure to cure a monetary default within ten (10) days after <br /> receiving notice or a non-monetary default within thirty (30)days after receiving notice,the <br /> Lessee shall be deemed to be in default. In the event of default and upon thirty(30) days written <br /> notice of termination to the Lessee in default,the Lessor may terminate this lease. In the event <br /> of default by Lessee, Lessor will also have the right to accelerate rent owing for the remainder of <br /> the term, less the reasonable rental value of the Premises, or sublease the Premises and hold <br /> Lessee responsible for any shortfall in rent. Lessor or Lessee may upon thirty(30) days written <br /> notice to the other party terminate this lease with or without cause. <br /> NO WAIVER OF COVENANTS. No waiver of any default hereunder shall be <br /> implied from any omission by either party to take any action on account of such default if such <br /> default persists or is repeated and no express waiver shall affect any default other than the default <br /> specified in the express waiver and that only for the time and to the extent therein stated. The <br /> acceptance by Lessor of rent with knowledge of the breach of any of the covenants of this lease <br /> by Lessee shall not be deemed a waiver of any such breach. One or more waivers of any breach <br /> of any covenant,term, or condition of this lease shall not be construed as a waiver of any <br /> subsequent breach of the same covenant, term, or condition. <br /> 9 <br />
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