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Home My WebLink About0844 T iS AND COI~DiT10NS CONSTITUTINC AART OF L~ASE ON REVERSE S1DE 9. If a Thecma5ol Unit is not made uperable by Lesw~ wiUiin % hours 14 Upon Le:sce's dafault, Les+or may a(ter w~itlrn notice to Leswr or its duly aulhori:cd urvice atent, then (a) cnter upon Lessee's premiaes l0 1~ke possessloo of, asscmbk, ce= Leswr sha!(, if Lessre is In fuU campliance witk this Lease, credlt move a~d cullect the eqwpmenl or to ~rnde~ it unusable: and Lessee f1.50 per daY. canmencins upon the exyiration of the 96-hout (b) require Lessee Io assemble the Equipmenl, make it availabk at a period. for each day !he 7herau5ol UNt tsauW inoperabk. 7Ac plue Lessor des~~nafes to allow Lessw 1o t:ke possessioo or dispox maximum tredit ro which Lecste shaU be enUtied is the kssc~ oE of the Equipmrnt: SIV.eO per moath oc the re~W to which Lessor would have been (c) upon repossession .at lessor s option. (i) lcase all or a paN of the rntided had the ThermaSol Unit remaincd operative. Except as stated ~ Eqwp~~ ~o such terms as Lesso~ shaU detet- tn thls puaarapA. 11u Lessor shalf have ao liability of any kind Mrhat- ~e, or (iq xll aA or part of fl~e E~uipa~enl at pu.~lk w p~ivate sak. soever Eor fatlure of anr of the Equipmml to operate after ib instal- lation. 1S. Upa? less~e'~ defadt. the Le~ee. in addition W any arnan ln rent, I0. LKStt sha11 k.t lsptnslf OF Ktakin~ POiftff~01~ al?d ~tOWYa1 Of !he EIi1dV1I?M~. (a) not sell, assi sublct. Ple.ige. hypothecate. or othen+iu m- rourt ot arbiuatlon cosb and reawwabk attor~s fees shall pay as E~• liquldated daa+aaes the snms set fwth in the folbwi.~ xhaduk. cumber or sufftr a lien upQn or against any interrst in this Lease or ~K~~ (,K~{s ppenses wlth nspett to 1he the equipmrnt Icastd hereunder or reawve said eqwpment (rom the instaUatlon of tht Equipa~e+~t. +dvertlsint +nd ~enK=~1Y dK expe^ses place of instaUaNon sel Eorth hereln vrilhout Leswi s prior written M~yrred by 1he Lessor in connectlon he~~~h ~s `~1 ~s ~~°rs consent. ~ • profits hcrefroa~ an not asdily ucertainable in a Itsal or atbitration ~b) comply with all lavrs. regulatiorts and orders rclaU~ to this leue proceedings. Accordins~Y. to avoid knf@~r p~°ceedinas and wiEh a and to pay aU fees. assessmenb md sa{es, use. PcopeHy, encise. snd view toward estabUshie~ a fa[r a~d reasonabk measure of dams~es. other ta~res now or hereafter imposed bY +~Y i~emmental body or the w~a +t*K. +ftu careEul co~sideration, to adopt the (ollowins •6~Y ~P~ +nY M~P~1 kased hereunder, or the we of thereof. xhedule: My fees, tazes or o~her lawful cha~ses paid bp I.e:sor upon failure Aa~a~rtt oE Damase Per of Lessee to make such payment shall at Leswr's option becoax Default THERMASOL Suite Imma~tiately due fn~m lessee to Leuo~ md be considered additlonal Prior to the end of the fust year tZ.ebs.60 rent_ Prior to the end of the secw~d year f2,s0~.~o (c) desianate exh room in whlch the ThermaSol system Is inshlkd as Prior to the ead of ehe third yeat 2.1~9.20 a"iHERMA50L SUITE". Prom~endy d~spLr ehe name °1~iERAtA- Paor w ihe end of ~he fw~sA rear 1,T91A+0 SOL SUITE" in eahibitina, advertisina ec r~ferrins to said rwwn at~d Pdor to ehe end of the 6fth yeu I,u2s0 shall al ib cost prompdy install and promineretly display the '?HER- Prior to tAe end of tht dxth year 1,07~.60 MASOL SUITE" si~ rrAich the Lessor sha11 pmvide vrithout cost Prior to the end of the sevmlh year 716.~0 (d) permit I.nsor to iadiute in its advertising ~rith propriety that Prior to tht end of the Nshth yeu 35e-ZO Lessee is a aser of 7]~era+a5o1 u.tits. 17:ere shaU be subtrxted froa~ the scheduled damaaes per year the (e) supply additional electric power as rcquired by Leswr, at the amount of any rentals incurted durins such Yeu and actwllY paid - d'utribution pand at the localioa of the insUllation af tessor's units. <K~- If lessee fails 1o s~epply the necesury ekctcic pown within three (3) 16. The Lessce gwrant~es tlut 1heThernu5ol Equipped roams will rerelve days after Lessor aives notica Lessor maY Provide such addlional at least thr same occuWncy u the rooms that are not Therau5ol power and charge as addBtional rent 1he cost thecefor to be pald 6ve eqaipped- The minimum monthly tent shaU be 519.90 per TherauSol days after dema~d by Lessor. equipped room or the rent based on the auaranteed occupanq which- .fumish such current Gnancial information as tf+t Lessor shaU erer is higher. requira A~ such financial infornution slull Le signrd by a duly 17. Lessce, if it does not ncercise ifs option to purchax the Equipment, authorized pcrson a[firmina the accuracy thcrcof. shall upon the expiratio~ or othei termination of ehls kase retum campkte and Mum mon~hly ocrupancy forms suppLed by ~he cl~e Equipmme, ae iti sok cosc and acpenu. co che lessor in tood Lessor together with the monlhly renl paymenl. condition to snch place n desi6nated by l.essor. . permit Leswr at all reasonabk times to inspect Lessee's records le. Lessor may assi~ ehls Lcue and its Auisnees msy reaui~ !he ume. to verify the occupancy repoN and other financial infotmation sup- All of tessor's Hghls hereunder shill be succeeded to by anY ~SnK plied by Lessee ro Lessor. oE this Lease, fm front all defenses, sttoBs or cowderclaims of any (i) not insbll or otfer any xrvice to its custanen, cUmis or individu- kind or chancta which Lessee may be endded to usert a6ainst als occnpyina its rooms that in any form or manner competes vrith Any Assibnte of thh Leue shall ~wt be 3etnied to have _ the unices pro~ided by the Lessot. usumed anr oblibatioas of !he Lessor. (i) permit Lessor at rcasonabk times to anter the Thetu~a5ol Suile to 19. Lessee assumes the mtire risk of loss from any hazard whatsoever inspect, repair and rearove the Equipment and to inspect and rcad and no such loss w othn damaae shall reliere Lessee of iK obli6a- meten rclaled thercto. tiwu hereander• Lessor agnes to and does hercby indemnify the (k) not misuu or abuse the Equipvunt a~ sha0 uu same sokly for t° th° °`tent of insuranct corerase cited in Parasnph 5, haim- the purposes intended hneunder. ljiabilities, resulti g from ami pcrf ning totthe a opera~Non of the (I) not x1I, lease or otherwise dispou of the rcal property containing property during the term of this Leasa Whik the said property is in or business u4lizing the Thernu5o) anits vrithout delir~ring to Leswr S possession m at du site of iK original installation, Lessee a wrilte~ assumption of aU the terms of this Leue, sacisEaccory ro shall keep the propetty insured to protect Lessoi s interest at Lessee s Leswr, by the third party acquirinR said real propcrty or businas acpense, against aD risks of Ioss of damagt fr~? rvery cause whatso- opention. Such assumptioa shaU not rcliere Lessee of ils liability if evn for not less than the amounts payabk to Lessee on defadt u the third parry fails to perform this Lease. pwvided in pangapl~ 1S. Lessor may, bot sFull not be obllEated to, (m) acecute all necessary docummts reasonably rcquested by tessor insure said property at Lessee's acpet~x. Said inswance policia u~d to protect Cessor's intercst and property. the praeeds therefroa shall be lessols propMy ud shaU namt il. lawr shall hare the ocdusive right to fumish, instaU and opente ~~r as an insund. The proceeds of such insunnct. whether result- all steam 6enerating tqnipment used (or steam bathic~ in Ltssee s ~ng from loss or damage w retnm ptemium or otherwlse, shall be business. applied towud the rep)xemeat or repair of the s:id property or the ~ PiyII1lD~ OF Cl56lt~5 Ob~i$a1iORS htflttlldtt it (,KSO~S Ort10n. ~.lSS!! 12 lf at any time withL~ six months after the ocpiraHon of !he term of hereby appoinls Lessor as attomry-in-fac! to make claim for, receirt this Le~x ehe Lessee intmds to enter into a bona 6de agnemmt with paymmt of and execute or mdorse all docummK, checks or drafts a ehird party for the fumishing of services and equipwent siaulat to for bss or damaae or rctum premium ander any insurance policy that provided hcreunder by leswr, the tessee slull immediately noHfy issued on said property. Lessee shaU fumish to l.eswr a Certificate the ~essor in writina of the euxt terms and condition of such aE~- of Insunnce Carrier or other e~idmce saHsfxtory M Lessor that ment. If within 15 days after 1he receipt of such notice the Lesw% such insunr.ce coverage is in eHect, provided, hoa~ever, that Lessor ~ teplies in writing that it is willing to enler into such an aarcement ~ap be under no dary either to ascertain the exlstmce of ot to ~ the Lessee and Leswr shall e:ecule an aarerment between ehem con- aaeamjM, snch insuzance or to advise Lesue in the ermt svch insar- ; tainina such trrms and conditions. ance shall not comply xith Ihe rcquiremrnts hereof. ` 13. The folbw~ing shal! consritute defaults by Lessre_ 20. All claims, dispotes and other matters in question arising out of, or i (a) Lessee's failure to par rmt as pro~idcd herein. rdatin6 !o, this Agreemmt or the bmch thereof shalf be decided hy ~ (bl Lessee's misrepresentation o~ misst~temmt in connection with this arbitntion in accordance vrith the rules of the American Arbitration Assaciation. All arbitration Aearinas shall be heW in the Gty and (c) Lessee's noncompliance with or nonpcrfornunce of any of i!s State of New York. ~ obliaations or ageemmts under this Lease. 21. Cessec acknowledaa tlut no promises w represmtations of any kind (d) Lessee's brcxh of an~r otAcr similar kase ~rith Lessor. havc been aude by Lessor other than as set forth in this effect. (e)7~e isswnct of any.e~cccution. tau lien, or other writ or praess 22. This Agetment rcpresents the mtire nnderstanding and wy not be against Lesste under which Ihe Eqaipment or ~esste t own property modified except in writina. may be taken;w disNained: ~ 23. This Agreemmt is de~mud to have 6ten exeruttd in the County and The institution of' a proceedin6 under the Bankr*ptc~ Act, re- State of New York and shafl be interpreted and govemed by the lavrs ceivership or, insolvrncy by or ~~inst I.ess~e or iK propsrty. oi the State of Nrw Yotk (8) Lessee's enRr~na into ae aa~eemm~ or coaipoliGOi~ xith its zt. lf my part of this Asreement shaU be declared M be invalid, the rc- crcditon. mai~er ehtreoF shaU bt deemed nonetheless in fuU force and eHr.t. Ih) Lessee's br~ach or drfault undcr any of the terms of any Iwn or ~a we person sipiinE on behalf of the Lessee represent that crcdit agreemrne a11 necessary co~porale acb 6avr bea~ taka? b autiwriu the e~cccu- ~ ~(i) A cfue~t ln Lesseds aHain which, in l.essors opinion, iaq~ain the e~n of eu~s w~e~a~~ br t.~ss~e .nd b~r ~r v«~,a? .~tns ~ aedit risk inrolvcd herein. Asma~a?t on beAalf of L.es~a~e. ~ ~ ~ ~ u1•=~ t T?~$ _ ~ ' Cls . , ~ ~ 3 aE~ ~ -.li~t ZQURT ~ ~R.. i+ER1=1FD~~ ~ g ~~`5 ~ ~ ~ T I~ ~e AM'76 ~ 842 ~ F. s 2~ Pac~ ~ ~ ~ ~ N ~ ~ ~ t ~ ~ ~ ~ ~ <ti ~.k~ . ~ a',~,~--'J : , . ~ - , . ~ u__. . - . ~