|
<br />Section 2 Sales Tax If at any time during the Term, under the laws of the State of Florida or
<br />a political subdivision thereof, a tax or excise on rents or other tax (other than a general income
<br />tax), however described, is levied or assessed by said state or a political subdivision thereof
<br />against Landlord or on the Rent (as hereinafter defined), unless constituting or in substitution for
<br />an income tax of general application, Tenant covenants to pay and discharge such tax or excise
<br />on rents or other tax before any fine, penalty, interest, or cost may be added thereto for the
<br />nonpayment thereof, provided that Tenant shall not be in default for failing to pay such tax until
<br />thirty (30) days shall have expired from the date on which Landlord notified Tenant of the tax or
<br />on the date Tenant otherwise learns of the tax, whichever is earlier, and Tenant shall not be
<br />responsible for penalties, interests or costs accruing at any time or times prior to the expiration of
<br />such period. Without limiting the generality of the foregoing, Tenant shall, to the extent required
<br />by law, pay the Florida sales tax on rent payable by subtenants in the Improvements and rent
<br />payable under this Lease under Florida Statutes Section 212. 031 (or any future statute), unless
<br />such sales taxes are not due under the anti-pyramiding provisions of Florida Statutes Section
<br />212.031 (2) (b) (or any future statute). Upon request by Landlord, Tenant covenants to furnish
<br />Landlord with original receipts, or photostatic copies or duplicate originals thereof, evidencing
<br />payment of such tax or excise on rents, or other tax, before any fine, penalty, interest or cost may
<br />be added thereto for the nonpayment thereof, except as provided above.
<br />
<br />Section 3. Late Payment Penalty. If any payment required hereunder by Tenant is not made
<br />within five (5) days of the due date, Tenant shall pay monthly finance charges on the unpaid
<br />amount at the rate of three percent (3%) from the payment due date until paid in full. If any
<br />check tendered by tenant in payment of fees or charges under this Lease is not paid upon
<br />presentment by Tenant's bank, the Landlord may, upon written notice to Tenant, require all
<br />future payment to be made by certified check, money order, or other means to ensure payment of
<br />good funds.
<br />
<br />ARTICLE III
<br />Net Lease
<br />
<br />Section 1. Net Lease. This Lease is a net lease and the Rent and all other sums payable
<br />hereunder to or on behalf of Landlord shall be paid without notice or demand, and without set-
<br />off, counterclaim, abatement, suspension, deduction or defense. Landlord shall not be required to
<br />make any expenditure, incur any obligation, cost, expense, or liability of any kind in connection
<br />with this Lease or the financing ownership, development, construction, maintenance, operation,
<br />or repair of the Premises or its Improvements.
<br />
<br />ARTICLE IV
<br />Taxes and Other Charges
<br />
<br />Section 1. Taxes/Impositions. Subject to Section 4 of this Article, commencing upon the
<br />date the possession of the Premises have been delivered to Tenant, Tenant covenants to pay,
<br />before delinquency and before any fine, penalty or interest may be added thereto for the
<br />
<br />4
<br />
|