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time in which .this License shall not be in effect. In .addition to the License Fee, LiCensee shall be
<br />required to pay:the following to Licensor:(i) a fee in the amount :of for Licensoes issuance and
<br />delivery, on the: Commencement Date, of 500 garage access cards (tile "Access Cards"), to Licenseefor
<br />use by its Permittees, which amount shall be paid to Licensor on the Commencement Date, and.(ii) an
<br />amount equal. to the costs. incurred by. Licensor for snow removal :services performed with respect to the
<br />Roof Area, which amount shall be paid monthly within ten .(10). days after Licensors delivery to Licensee
<br />of an invoice.. therefore.. The Access. Cards shall be returned to Licensor upon termination of this license.
<br />Licensee shall be responsible for all .costs associated with .any damaged or, lost Access Cards and any
<br />necessary replacement thereof, including a for each replacement Access Card issued to Licensee
<br />or any of its; Permittees.
<br />Section G. SecurityDeposiL On the Commencement Date, Licensee sitiall nay Licensor `a
<br />security. deposit in .the aiuou. off (the "Security Deposit"}. The.Security Deposit shall be ]zeld:by
<br />Licensor as collateral security for the payment of the License l:ee and all :other monetary amoujlts due:and
<br />payable .by Licensee Hereunder, and for the faithful. performance .by Licensee of:all other obligations to
<br />Liceaaso • under:this Licensee, Licensee will .not be perMi.tted to use the Licensed. Area until Licensor has
<br />received the Security Deposit. The Security Deposit (less the sum of to be applied by Licensor
<br />for the clean-up of the. Basement Area upon expiration of the Tern) shall be returned to Licensee after the
<br />terrhi nation of this License .provided Licensee shall have made all such :payments and performed all such
<br />covenants and Agreements required bere►inder. 'In the event of any defauh by Licensee hereunder,
<br />Licensor shall : have the right, but .shall not be obligated, to apply or `retain all or airy portion of the
<br />Security Deposit in payment of Licensee's obligations to Licensor; but any such application or retention
<br />shall not have the effect of curing any such default. Whenever ally sum or sums of money..have been
<br />applied or retained from the Security Deposit, Licensee shall be required, within .ten (10) days following
<br />receipt of a request therefor from Licensor, to deposit additional money with Licensor, in order that at all
<br />times during the. Term there shall be continually deposited with Licensor a sum ;which shall never be less
<br />than the original Security Deposit amount.
<br />Section 7. Covenants of Licensee. During the Term, Licensee shall use the Licensed Area with
<br />ordinary care and .diligence, keep the Licensed Area in a treat .nd..safe condition. for the Licensed Use, and
<br />assure ,that the `Licensed Area remains clear of debris. Licensee shall not, .and shall not :permit ;its
<br />employees or invitees to: (i) use the Licensed: Area in :violation of any ordinance, statute, regulation,
<br />code, law, role or order of any governmental authority; (ii) make, or peiinit to.m be ade, any permanent
<br />alterations to the Licensed Area; (ii) permit anyone other than Licensee's Penn:lttees to;ttse or have access
<br />to the Licensed Area; (iv) use ;the Licensed Area foie any purpose 'other than the Licensed .Use; (v) cause
<br />or permit injury or waste to the Licensed Area; or (vi) allow to be brought onto or stored on the Licensed
<br />Area any explosive or flammable materials or any material .which is designated, classified, or regulated.as
<br />being ,a 'hazardous or toxic substance, material, 'pollutant, waste (or a similar such designation) under any
<br />federal, state or local law,:regulation or ordnance, tcluding uxder any enviroanxental law such as. the
<br />Comprehensive ;Environmental Response Compensation .and Liability Act (42. t 3..C. §9601:ef se .), the
<br />Emergency Planning. and CommunityRight-to-Know Act (42 U.S.C. 1 et the Hazardous
<br />Materials Transportation Act (49 U.S.C: § 1801 et sq.), or the Cleaii Air Act (42 U.S.C, `§7401 et M.)..
<br />Section 8. Condition of Licensed Area. Licensor represents that the Garage is in such
<br />condition and repair oil the Commencement Date as to (a) resider it fit for parking :private passenger
<br />vehicles in the Licensed Area, and (b) comply in all material respects with all applicable laws relating to
<br />the use of the Garage for parking private passenger vehicles. Except as . expressly provided in the
<br />preceding sentence, Licensee hereby accepts the Licensed Area in its "AS -IS" condition and state of
<br />repair as of the Commencement Date and acknowledges and. agrees that Licensor has not made, does not
<br />make and specifically negates and disclaims any representations or. warranties of any kind :or character
<br />Whatsoever, whether express or implied, oral or written, past, present or future, concerning or with respect
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