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:.s~ c.. ^opy same, rxcc; t in connection .~ith cor~?:t~:t_..3 '::e
improvements ~n this site for this Lessee pursuant to this Lease.
3. TERM: The term of this Lease shall be for 25
years. The estimated commencement date is January 1, 1974 .
The actual commencement date will be (a) the date of openinq of
the_ restaurant for business by Lessee, or (b) a date 30 days after
completion of the improvements ~o~be constructed by Lessor, which-
ever is earlier. ~
In the event saiv commencement date falls on other than
the first day of a month, then Lessee shall pay a prorated rent
for said partial month and the 25-year term of the Lease shall be
adjusted to run fro~: the first day of the following month.
A written memorandum of the adjusted commencement date
shall be executed by both parties and attached to this Lease, as
soon as same is ascertained.
4. RENT: ~
A. Minimum Rent: Lessee agrees to pay a minimum
monthly rental in the sum of $ 2,225.00 per month. The minimum
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~ and the additional rent for each month shall be paid at the same
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~ time, on or before the 15th day of .the following month. -
~ A written memorandum of the a4justed minimum rent
shall be executed by both parties and attached to this Lease, as
soon as same is ascertained. The deposit provided for in para-
graph 5 hereof ~shall be adjusted at the same time.
B. Percentage Rent: Lessee aqrees to pay to
Lessor, as ndditional rent in each year durinq the term of this
~ Lease, a sum equal to 6$ of Lessee's qross sales in and from said
~ remises in such ear, co uted as hereinafter provided, less the
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~ aggreqate a$iount of the minimum monthly rental.
~ C. Definition of Gross Sales: The term "qross
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~ ~ a~~394 PAGE 927
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