Reso 2025-3823 - Laserfiche WebLink

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4,6. Interest on Overdue Amotiuits. The Base Rent, Percentage Rent and all other amounts due Lessor under this Lease which are not paid when due shall bear interest at a per annum rate equal to the "Prime Rate" (or substantial equivalent) announced from time to time (as adjusted monthly) plus 10 %, from the date due until paid; provided, however, that if such rate shall exceed the lawful rate of interest which Lessor is entitled to charge under applicable law, then the per annum rate of interest on any such overdue amounts shall be the maximum rate permitted by applicable law. 4.7. Additional Rent. Unless otherwise expressly provided, all monetary obligations of Lessee to Lessor of any type or nature, other than Base Rent or Percentage Rent, shall be denominated as additional rent. Except as otherwise expressly provided, all additional rent payments are due five (5) days after delivery of an invoice. Lessor shall have the same rights and remedies for defaults in the payment of additional rent as provided in this Lease for defaults in the payment of Base Rent. The term "Rent" or "rent" when used in this Lease shall include Base Rent, Percentage Rent and all forms of additional rent, All Base Rent shall be paid to Lessor without demaud, setoff, or deduction whatsoever, except as specifically provided in this Lease, at Lessor's notice address indicated in this Lease, or at such other place as Lessor shall designate in writing to Lessee. All Percentage Rent shall be paid to Lessor without demand, setoff, or deduction whatsoever, except as specifically provided in this Cease, at Lessor's notice address indicated in this Lease, or at such other place as Lessor shall designate in writing to Lessee, if any payment of rent due from Lessee shall be overdue by five (5) days or more, Lessor shall be entitled to charge Lessee the late charges and interest provided for in Section 4,5 and Section 4.6 of the Lease. Lessee's obligations to pay rent are covenants independent of Lessor's obligations under this Lease. Lessee shall also pay monthly to Lessor, any sales, use, or other tax (excluding state and federal income tax) now or hereafter imposed by the United States of America, the State of Florida, or any political subdivision of them, on any form of rent due under this Lease, or in substitution for any rent, notwithstanding the fact that the law imposing the tax may endeavor to impose it on Lessor. 4.8. Lessor's Lien. To secure the payment of all rent due and to become due } hereunder and the faithful performance of this Lease, Lessee hereby gives to Lessor an express first and prior contractual lien and security interest on all property now or hereafter acquired (including fixtures, equipment, chattels, and merchandise) which may be placed in the Leased Premises and also upon all proceeds of any insurance which may accrue to Lessee by reason of destruction of or damage to any such property. Such property shall not be removed from the Leased Premises without the prior written consent of Lessor until all arrearages in rental and other sums of money then due to Lessor hereunder shall first have been paid. All exemption laws are hereby waived in favor of said lien and security interest. This lien and security interest are given in addition to Lessor's statutory lien and shall be cumulative thereto. Lessor shall, in addition to all of its rights hereunder, also have all of the rights and remedies of a secured party under the Uniform Commercial Code as adopted in the State of Florida (the "UCC") and Lessee hereby authorizes Lessor to file one or more financing statements thereunder. To the extent permitted by law, this Lease shall constitute a security agreement under Article 9 of the UCC. 4.9. Net Lease. Other than the Lessor's obligations set forth in this Lease, this Lease is What is commonly called a "Net Lease", it being understood that Lessor shall receive the Base Rent and Percentage Rent free and clear of any and all taxes, other Impositions, liens, charges, or 532