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6.F.(1) Sub-Sublease with Kite Realty Eddy Street Garage
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6.F.(1) Sub-Sublease with Kite Realty Eddy Street Garage
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11/18/2008 4:06:44 PM
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Such rental shall be prepaid in lull on or before the Commencement Date and shall be referred to <br />hereinafter as the "Basic Rent". Basic Rent shall be paid to Landlord at the South Bcnd <br />Redevelopment Commission, 1200 County-City Building, South Bend, IN 46601, or at such <br />other place as Landlord may direct by notice in writing from time to time. <br />Section 3.2. IMPOSITIONS. Tenant covenants and agrees to pay before delinquency, <br />as additional rent, all real estate taxes, assessments and other governmental charges, general and <br />special, including but not limited to assessments for public improvements or benetlts, which may <br />be laid, levied, assessed or imposed upon the Demised Premises and become due and payable <br />during the Demised Term (all of which taxes, assessments and other governmental charges arc <br />hereinafter referred to as "Impositions") and to fiznush a copy of the paid receipt therefor to <br />Landlord within 10 days after Landlord's written request therefor. <br />Section 3.3. PRORATION OF IMPOSI"PIONS. Any Imposition relating to a fiscal <br />period of the taxing authority, a part of which is included in a period of time subsequent to the <br />expiration or termination of the Demised Term, shall be adjusted as between Landlord and <br />Tenant so that Tenant shall pay that proportion of the Imposition which relates to that proportion <br />of the applicable Ilscal period that falls within the Demised Term and that Landlord shall pay the <br />remainder thereof. <br />Section 3.4. CONTEST Oh IMPOSITIONS. "Tenant shall have the right to contest the <br />amount or validity of any Imposition by appropriate legal proceedings, but this shall not be <br />deemed or construed in any way as relieving Tenant of its covenant to pay any such Imposition. <br />Landlord shall join in any such proceeding to the extent necessary to permit 'T'enant to properly <br />prosecute the same; provided, that Landlord shall not be subjected to any liability Cor the <br />payment of any costs or expenses in connection with any such proceeding brought by `Tenant. <br />Section 3.5. LIMITATION. Nothing contained in this Lease shall require Tenant to <br />pay any franchise, estate; inheritance, succession, capital levy or transfer tax of Landlord, or any <br />income, excess profits or revenue tax or any other tax, assessment, charge or levy upon the Basic <br />Rent payable by Tenant under this Lease. <br />ARTICLI? IV. <br />IMPROVEMENTS <br />Section 4.1. PARKING GARAGE. "The Master Tenant shall construct the Parking <br />Garage in accordance with the terms and conditions of the Development Agreement and the <br />Property Documents. Notwithstanding any provision in the Master Lease, the Sublease or this <br />Lease to the contrary, title to the Parking Garage shall automatically vest in Tenant upon the <br />expiration or termination of the Demised "Term. The foregoing shall be self-operative and shall <br />not require any additional documentation by Landlord, Tenant or the Master Tenant. <br />Notwithstanding the foregoing. in the event that Tenant requests that the conveyance of <br />Landlord's and!or the Master Tenant's interest in the foregoing property to Tenant be evidenced <br />by written con~~eyance documents, Landlord agrees to promptly execute and deliver (or cause to <br />be executed and delivered) any such conveyance documents in form and substance reasonably <br />acceptable to Tenant. <br />-3- <br />
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