Lease - Laserfiche WebLink

Home Browse Search

fiOWtrR$ FilHg-D XBTTSTA$ CCICJ hITY AIRPORT LESSEE intends to obtain a Phase I Environmental Site Assessment (a "Phase I ESA") for the Premises. lf the Phase I ESA indicates that hazardous substances may be located on the Premises or if the Phase I ESA recommends further environmental testing, LESSEE may, at LESSEE's expense, obtain a Phase ll Environmental Site Assessment (a "Phase Il ESA") for the Premises as recommended by the Phase I ESA. Written copies of all such assessments, together with all exhibits and supporting documentation, to be provided to LESSOR at no cost within ten (10) days of receipt by LESSEE. The Due Diligence Contingency will be deemed satisfied unless LESSEE gives written notice to LESSOR of LESSEE's termination of this Lease under this Section 4.1 on or before April 1 ,2022.. From and after the Commencement Date of this Lease, LESSEE and LESSEE's authorized agents, employees, contractors, and invitees shall have the right at reasonable times to enter upon the Premises for the purpose of conducting the due diligence review described in this Section 4.1; provided, however, LESSEE shall keep the Premises free and clear of any liens resulting from such investigation and inspection by LESSEE or any of LESSEE's agents, employees, contractors, or invitees and LESSEE agrees to indemnify, defend, and hold harmless LESSOR the Premises from all injuries, deaths, claims, losses, damages, and/or other liabilities (collectively "Claims") caused by the negligent acts or omissions or intentional misconduct of LESSEE or LESSEE's agent(s), employee(s), or representative(s) while present on the Premises under this Section 4.1', provided, however, that in no event shall such indemnity extend to any (a) release of pre-existing hazardous substances present on the Premises as of the Commencement Date; (b) any pre- existing conditions on or about the Premises, or (c) any Claims to the extent resulting from the negligent act or omission or intentional misconduct of LESSOR or any agent, contractor, employee, representative, or invitee of LESSOR. 4.2 EFFECT OF TERMINATION lf this Lease is terminated as permitted under Section 4.1 above as a result of the non-satisfaction of the Due Diligence Contingency, and neither LESSOR nor LESSEE will have any further rights, duties, and obligations under the Lease. 5. PURPOSE OF LEASE. 5.1 FACILITY DESIGN AND DEVELOPMENT The intent of this agreement is to allow LESSEE, at LESSEE's sole expense, to design and construct a fence separating the lot adjacent to the north, allow grading for parking of rental vehicles along with installing a secured drop box for customers, all of which will be located on the Premises to house LESSEE's operations (the"Facility''). All construction of the Facility shall be completed within thirty (30) days of the Commencement Date of this Lease (the "Development LESSEE INITIAL LESSOR IN PAGE 5