7C TTM Red Fox Lease - Laserfiche WebLink

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(c)Lessee's Liability for Early Termination. If Lessee terminates this Lease other than of right as provided in this Lease, Lessee shall pay to Landlord as liquidated damages for early termination, twenty-five percent (25%) of the annual rent for the year in which Lessee terminates, unless Lessee terminates during the last year of any Term under Paragraph 5 and Lessee has paid the annual rental for that year in which event, no further amounts shall be due Landlord. (d)Security/Site Restoration. Within twenty (20) days of the Effective Date of this Lease, Lessee shall deposit with Landlord the sum of two thousand and no/100 dollars ($2,000.00) (“Removal-Restoration Security Deposit”) to guarantee Lessee’s performance of the allegations described in this subsection (d). In the event that the Lease is terminated or not renewed, Lessee shall have sixty (60) days from the date of termination or expiration to remove the Communications Equipment Site from the Landlord Property; to restore the Leased Premises to its condition prior to Lessee’s use, reasonable wear and tear and casualty excepted; and to restore the surface of the Water Tower. If Lessee satisfies its removal and restoration obligations, the Removal-Restoration Security Deposit shall be refunded to Lessee, or, otherwise such security should be retained by Landlord and, after providing Lessee with thirty (30) days prior written notice, and Lessee’s failure to remove the facilities, the Communications Equipment Site shall be deemed abandoned and become the property of the Landlord and Lessee shall have no further rights thereto. Limitation of Liability. 16. Notwithstanding anything to the contrary herein, neither party shall be liable to the other for indirect, special, incidental or consequential damages, including, without limitation, loss of profits, income or business opportunities to the other. Intentionally Omitted. 17. Interference 18. (a)With Water Tower. Lessee shall not interfere with Landlord's existing use of the Water Tower or Property as of the Effective Date and agrees to cease all such actions which unreasonably and materially interfere with Landlord's use thereof no later than three (3) business days after receipt of written notice of the interference from Landlord, except intermittent operation for the purpose of testing, until the interference has been eliminated. In the event that Lessee's cessation of action is material to Lessee's use of the Leased Premises and such cessation frustrates Lessee's use of the Leased Premises, within Lessee's sole discretion, Lessee shall have the immediate right to terminate this Lease. ,