LEASE, ALL PROPERTY TAXES AND ALL OTHER TAXES THAT ACCRUE
DURING OR ARE ALLOCABLE TO THE TERM OF THIS LEASE, AND FOR PROPERTY TAXES AND
OTHER TAXES, ALLOCABLE FOR ANY PERIOD OF TIME PRIOR TO THE TERM OF THIS LEASE.
(C)
TENANT SHALL PAY ALL FIXED RENT TO
LANDLORD, IN ADVANCE, ON OR BEFORE THE FIRST BUSINESS DAY OF EACH AND EVERY
CALENDAR MONTH DURING THE TERM OF THIS LEASE (OTHER THAN THE PAYMENT DUE ON THE
COMMENCEMENT DATE WHICH IS DUE AS SET FORTH IN THE BASIC LEASE INFORMATION)
WITHOUT NOTICE, BY WIRE TRANSFER OR OTHER ELECTRONIC MEANS (OR OTHERWISE SO
THERE ARE COLLECTED FUNDS AVAILABLE TO LANDLORD ON THE DUE DATE).
INTEREST AT
THE OVERDUE RATE SHALL ACCRUE ON UNPAID FIXED RENT FROM THE DUE DATE THEREOF TO
THE DATE OF ACTUAL PAYMENT.
IF THE FIXED RENT IS PAID MORE THAN FIVE (5)
BUSINESS DAYS AFTER ITS DUE DATE, A LATE CHARGE OF 5% OF THE DELINQUENT AMOUNT
SHALL BE DUE AND PAYABLE.
TENANT SHALL PAY ALL ADDITIONAL RENT WHEN DUE.
TENANT SHALL PAY ALL FIXED RENT TO LANDLORD WITHOUT NOTICE, DEMAND, DEDUCTION OR
OFFSET, IN LAWFUL MONEY OF THE UNITED STATES OF AMERICA, TO THE WIRE TRANSFER
ADDRESS OF LANDLORD SPECIFIED IN THE BASIC LEASE INFORMATION, OR TO SUCH OTHER
ACCOUNTS AND/OR PERSON OR PERSONS OR AT SUCH OTHER PLACE OR PLACES AS LANDLORD
MAY FROM TIME TO TIME DESIGNATE IN WRITING.
(D)
SECURITY DEPOSIT REQUIREMENTS ARE SET FORTH
BELOW.
(I)
SUBJECT TO PARAGRAPH 5(D)(V) BELOW,
CONCURRENTLY WITH THE EXECUTION OF THIS LEASE, TENANT SHALL DELIVER AND MAINTAIN
THE SECURITY DEPOSIT AMOUNT (IN EFFECT FROM TIME TO TIME) TO LANDLORD AS A
SECURITY DEPOSIT ("SECURITY DEPOSIT") IN CASH OR OTHER IMMEDIATELY AVAILABLE
FUNDS OR IN THE FORM OF AN IRREVOCABLE STANDBY LETTER OF CREDIT, IN EITHER CASE
MEETING THE REQUIREMENTS OF THIS PARAGRAPH 5(D), TO SECURE THE FULL AND FAITHFUL
PERFORMANCE OF TENANT'S OBLIGATIONS UNDER THIS LEASE.
IF THERE IS AN EVENT OF
DEFAULT AT ANY TIME DURING THE TERM OR ANY HOLDOVER PERIOD, LANDLORD SHALL HAVE
THE RIGHT, BUT NOT THE OBLIGATION, IN ACCORDANCE WITH THE TERMS OF SUCH LETTER
OF CREDIT AND THIS LEASE, FROM TIME TO TIME TO DRAW UPON ALL OR ANY PART OF THE
SECURITY DEPOSIT BUT ONLY IN SUCH AMOUNTS AS ARE NECESSARY TO CURE OR PARTIALLY
CURE THE EVENT OF DEFAULT WHICH CAN BE CURED OR PARTIALLY CURED WITH THE PAYMENT
OF MONEY, OR TO PAY ITSELF ANY RENTS THEN DUE, DAMAGES OR OTHER AMOUNTS THAT
LANDLORD WOULD BE ENTITLED TO RECOVER AND WHICH ARE CURRENTLY DUE FROM TENANT ON
ACCOUNT OF THE EVENT OF DEFAULT.
IF LANDLORD DRAWS UPON SUCH SECURITY DEPOSIT,
LANDLORD SHALL APPLY SUCH PROCEEDS TO SUCH AMOUNTS OTHERWISE DUE FROM TENANT AS
SET FORTH ABOVE.
IF LANDLORD SHALL SO DRAW ON THE SECURITY DEPOSIT AND APPLY
ALL OF SUCH PROCEEDS SO DRAWN AS SET FORTH ABOVE, UPON LANDLORD'S DEMAND, TENANT
SHALL, WITHIN FIVE (5) BUSINESS DAYS FOLLOWING NOTICE, RESTORE THE SECURITY
DEPOSIT TO ITS PREVIOUS