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VII - D <br />l <br />a maximum of $24,000.00 or 7/12th of taxes due and payable <br />in 1990 whichever is less. The balance of the real estate <br />taxes shall be paid by the Landlord. <br />If the lease is extended for an additional one year <br />period commencing August 1, 1990 through July 31, 1991 the <br />quarterly rental shall be $48,000.00 payable in advance on <br />the first day of the first calendar month of each quarter <br />during said lease term. It is further agreed that as and <br />for additional rent, the Tenant shall pay to or on behalf of <br />Landlord, the real estate taxes due and payable in 1990, if <br />any, on or before October 1, 1990, to a maximum of <br />$12,000.00 or 5/12th of taxes due and payable in 1990, <br />whichever is less. The balance of the real estate taxes <br />. i <br />shall be paid by the Landlord. <br />In addition, as and for additional rent, the Tenant <br />shall pay to or on behalf of Landlord, the real estate taxes <br />due and payable in 1991, if any, on or before May 1, 1991 in <br />an amount not to exceed $129000.00 or 7/12th of the real <br />estate taxes due and payable in 1991 whichever is less. The <br />balance of the real estate taxes shall be paid by the <br />Landlord. <br />Any installment of rent over due for a period of more <br />than ten (10) days shall bear interest at the rate of twelve <br />percent (12%) per annum commencing from the date such rent <br />-5-VII - D <br />