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day as is customary for businesses of like character in that ~
City to bc open for business; providpd that Lessee at fts option ~
- may operate the restaurant contemplated by this Lease on ~ 24-hour
basis; grovided further, hawever, that this provision shall not
apply if the demised premises shall be closed and the business of
Les~ee therein shall be temporarily shut down on account of
strikes, lockout or causes beyozd the control of Lessee, or for
not more than 3 days out of respect to the memory of any deceased
officer or enployee of Lessee, or the rela~ive of any such
officer or employee.
I. Aclditional Rent: As additional rent, I.essee
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shall pay for real property taxes and current assessments against
the real property as ~~ell as the personal property tax, and shall
provide fire and extended coveraqe insurance for the full insurable
value of the real property improvemerits. Lessee shall be allowed
~ a credit against the percentage rent (but not against the guar-
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f anteed minimum rent) for the amounts paid or to be paid by
Lessee for real property taxes and assessr:ients against the land
f and improvements (but not the personal property) of the leased
premises, and for the amounts paid by Lessee for fire and extended
coverage insurance for the leased premises. Said credit shall
be clair~ed monthly, composev of 1/12th of the actual tax bill (or
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the estimated tax bill wheie the tax bill has not been received)
appropriate for that month, and a pro rata share of the insurance
premium appropriate for that month. At the time of the annual
accounting for the percentage rent, the credit provirled for herein ~
shall be taken into account and any adjustments shall be made that '
a
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are necessary to reflect actual tax figures and to compute the ~
credit on an annual as opposed to monthly basis. 3
5. DEPOSIT: An amount representing the last month's :
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~~~394 PA~E 9~30 ~
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