CLP and State of Texas Coastal Easement Agreement

Browse Search

... .; .... . .... .... . .. .. . . .... . .... . ...... . . . . .. .. . ...~ . e payments shall bear interest from maturity at the rate of ten percent (10%) per annum from the date when due until actually paid, as provided in section 51.301, TEX. NAT. RES. CODE (V. T. C. A. 1978). Failure of Lessee to make a payment on or before the date the same becomes due shall, at the option of Lessor, make all payments due and payable immediately. Article IV. Taxes section 4.01. Lessee shall, as further consideration for this Lease, pay and discharge "Taxes" (as hereinafter defined) each calendar year (or portion thereof) of this Lease. For the purposes of this Lease, the term "Taxes" shall mean and refer to all taxes, assessments, impositions, levies, charges, excises, fees, licenses and other sums (whether now existing or hereafter arising, whether foreseen or unforeseen and whether under the present system of real estate taxation or some other system), which during the term of this Lease may be levied, assessed, charged or imposed by any governmental authority or other taxing authority or accrue on the Leased Premises and any improvements or other property thereon, whether belonging to Lessor or Lessee, or to which either of them may become liable in relation thereto. The term "Taxes" shall also include all penalties, interest and other charges payable by reason of any delay or failure or refusal of Lessee to make timely payments as required pursuant to this Section 4.01. section 4.02. Lessee agrees to and shall protect and hold harmless Lessor and the Leased Premises from liability for any and all Taxes, together with any interest, penalties or other sums thereby imposed, and from any sale or other proceeding to enforce payment thereof. section 4.03. Lessee agrees to pay all Taxes directly to the applicable taxing authority not less than fifteen (15) days prior to the date of delinquency thereof. Article V. Use of Premises section 5.01. Lessee shall have the right to use the Leased Premises solely for the operation of a public fishing pier. Lessee shall not use the Leased Premises for any other purpose without obtaining the prior written consent of Lessor, which consent may be granted or withheld by Lessor in it's sole discretion. Section 5.02. Lessee, at its own expense, will comply with all federal, State, municipal and other laws, codes, ordinances, rules and regulations applicable to the Leased Premises; will install, remove and alter such equipment and facilities in, and make such al terations to, the Leased Premises as may be necessary so to comply; will comply with such regulations as Lessor may promulgate regarding sanitation, cleanliness and other health and/or environmental matters, including,without limitation, removal of