O-1976-1052 - Laserfiche WebLink

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,~ -- ~ ., . ~ .. e e ; . ;. . .. -2- LESSOR the sum of FIFTY-SEVEN THOUSAND 'SEVEN HUNDRED SIXTY-FIVE DOLLARS AND TWENTY CENTS ($57,765.20), which shall be payable in annual installments as, follows: The sum of, TWO THOUSAND EIGHT HUNDRED EIGHTY-EIGHT DOLLARS AND TWEN:TY-S'IX eENTS ($2,888.26) shall be paid in cash, upon ex~cution of this lease; and Failure to pay anyone or more installments of rent when due, or within'ten (10) days afte~ the same'shall become due, shall ,terminate this lease, at the 9ption of the LESSOR. v. Annual rental hereunder will be adj~sted January 1, 1978, II (the second calendar year of this lease agreement), and every January 1st thereaf~er, based upon changes in the,eonsumer Price Index (all items, U.s. city average) publ~shed by, the Bureau of Labor Statistics'of the U.S. Department of Labor, base year 1967 (100), (hereinafter referred to as the "Price Index"). The yearly average for ,the first calendar'year of, this lease agre~- ment, for calendar year', 1977 , shall pe the reference date as the ~I "base period~' against, which to measure any p,ercentage changes in the rental hereunder. eommencing with the ,rental period begin- ning January 1,.1978, and o~ January 1st, of each and every year thereafter during the term ,hereof, ,the annu~l rental hereunder shall be. subject to escalation by the same percentage as the said eonsumer Price Index shall have escalated from the "base period" to the yearly average 'for the immediately preceding calendar year. Such additional.pe~cen~age rental hereunder, if any, shall be due and pay~ble in like manner as the. base rental here- under, on,or before Apri~ 1st of ~ach applicabl~ calendar year.