Lease - 范本

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EXHIBIT 10.1

AGREEMENT OF LEASE

1. PARTIES

1.1 THIS LEASE is made and entered into as of the 13th day of February, 1996, by and between THREE FIFTEEN BOURBON STREET, L.L.C. ("Landlord") and RCI ENTERTAINMENT LOUISIANA, INC. ("Tenant").

2. PREMISES

2.1 Landlord hereby leases to Tenant and Tenant hereby leases from Landlord the following described property:

Three story building bearing municipal address 315-17-19-21 Bourbon Street, New Orleans, Louisiana; leased premises comprising three floors and mezzanine, approximately 16,000 square feet of gross leasable area.

 (hereinafter collectively referred to as the "Premises"), all as more fully described in Exhibit A attached hereto and made a part hereof.

3. TERM

3.1 This Lease shall be for a term of four hundred eighty (480) months commencing on the 1st day of June, 1996, and ending on the 31st day of May, 2036, unless sooner terminated or extended as provided herein (hereinafter referred to as the "term ").

4. RENT

4.1 Except as otherwise provided herein, Rent under this Lease is payable monthly by Tenant to Landlord, in advance, on the first day of each month commencing on June 1,1996, and is payable without deduction, set-off, prior notice or demand. The amount of the monthly rent during the Term shall be as follows:

4.1.1 MINIMUM Rent. The monthly Minimum Rent shall be in the amounts set forth below:

Time Period

Rent Due

Months 1-3 (6/l/96- 8/31/96)

Zero

Months 4-9 (9/1/96- 2/28/97)

$15,000 per month

Months 10-120 (3/l/97- 5/31/06)

$25,000 per month

Months 121 through 180

$20,000.00 per month, adjusted for inflation using ratio of CPI for the month of March 2006 divided by CPI for the month of March 1996, as a multiplier, provided that the Minimum Rent shall in no case be lower than the Minimum Rent for the month of May 2006.

Months 181 through 240

$20,000.00 per month, adjusted for inflation using ratio of CPI for the month of March 2011- CPI the month of March 1996, as a multiplier, provided that the Minimum Rent shall in no case be lower than the Minimum Rent for the month of May 2011.

Months 241 through 480

As provided in Section 4.1.3.

 

4.1.1.1 For purposes of this Section 4, "CPI" shall mean the unadjusted monthly Consumer Price Index for All Urban Consumers (CPI-U), U. S. City Average (All Items) (1982-84=100), published by the Bureau of Labor Statistics of the United States Department of Labor, or any successor index thereto, appropriately adjusted. In the event that the Consumer Price Index is converted to a different standard referenced base or otherwise revised, the determination of the Minimum Rent adjustment shall be made with the use of such conversion factor, formula or table for converting the Consumer Price Index as may be published by the Bureau of Labor Statistics or, if said Bureau shall not publish the same, then with the use of such conversion factor, formula or table as may be published by Prentice-Hall, Inc., or any other nationally recognized publisher of similar statistical information. If the Consumer Price Index ceases to be published, and there is no successor thereto, such other index as Landlord and Tenant are unable to agree as to such substituted index, such matter shall be submitted to arbitration in accordance with the commercial arbitration rules of the American Arbitration Association.

 

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Louisiana-New Orlease-315 17 19 21 Bourbon Street Lease - Three Fifteen Bourbon Street LLC and TCI Entertainment Louisiana Inc. (Feb 13, 19.docx 下载
发布于 2021-11-19 16:40:54
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