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FOSTER ASSESSMENT CENTER & TESTING SERVICE (FACTS)
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FOSTER ASSESSMENT CENTER & TESTING SERVICE (FACTS)
Contract #
A-1998-011
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due, Tenant shall pay to Owner a late charge equal to the percentage (of such overdue amount) set <br />forth in Paragraph Q of the Basic Lease Provisions, provided that in no event shall the amount of <br />each such late charge be less than $20. if any instalment of rent or any additional rent or any <br />sum due from Tenant shall not be received within 30 days after such aunt shall be due, Owner shall <br />incur additional processing, administrative and accounting costs. In order to compensate Owner <br />therefor, Tenant shall pay to Owner an additional late charge, computed as set forth above. The <br />parties hereby agree that (i) such late charges represent a fair and reasonable estimate of the <br />costs Owner will incur in processing each delinquent payment by Tenant, (ii) that such late charges <br />shall be paid to Owner as liquidated damages for each delinquent payment pursuant to California <br />Civil Code Section 1671, and (III) that the payment of late charges and the payment of interest are <br />distinct and separate from one another in that the payment of interest is to compensate Owner for <br />the use of Owner's money by Tenant, while the payment of late charges is to compensate Omer for tip <br />additional expense incurred by Owner in handling and processing delinquent payments. <br />C. Neither assessment nor acceptance of interest or late charges by Owner shall constitute a waiver <br />of Tenant's default with respect to such overdue amont, nor prevent Owner from exercising any of <br />its rights and remedies under this Lease. Nothing contained in this Article shall be deemed to corn <br />done, authorize, sanction or grant to Tenant an option for the late payment of rent, additional rent <br />or other sums due hereunder, and Tenant shall be dead in default with regard to any such payments <br />should the same not be paid by the date on which they are due. <br />4 <br />ARTICLE 27. BROKER. <br />The parties recognize as the broker who negotiated this lease the individual or entity whose name is <br />stated in Paragraph K of the Basic lease Provisions, and agree that Owner shall be solely respon- <br />sible for the payment of brokerage commissions to said broker and that Tenant shall have no resporr <br />sibility therefor unless written provision to the contrary has been made. <br />Tenant represents and warrants thatit has not dealt with or employed any broker or agent as its <br />representative in the negotiation for the obtaining of this lease other than the broker, if any, <br />listed in said Paragraph K, and agrees to indermnify and hold harmless Owner against all costs or <br />liability for competsation claimed by any broker or agent (other than the broker, if any, listed in <br />said Paragraph K) and all attorneys' fees expended in connection therewith. <br />ARTICLE 28. WAIVER <br />The waiver by Owner of any breach of any term, covenant or condition herein contained shall not be <br />deemed to be a waiver of such term(s), covenant(s) or conditions. The subsequent acceptance of rent <br />hereunder by Owner shall not be deemed to be a waiver of any preceding breach by Tenant of any term, <br />covenant or condition of this Lease, other than the failure of Tenant to pay the particular rental <br />so accepted, regardless of Owners knowledge of such preceding breach at the time of acceptance of <br />such rent. No covenant, term or condition of this lease shall be deemed to have been waived by <br />Omer, unless such waiver is in writing by Owner. The fact that Owner performs an act which it is <br />not (by law or under this lease) obligated to perform shall under no circumstances be deemed a <br />waiver of its right not to perform such act(s) or any similar act(s) in the future. If Tenant fails <br />to perform any of its affirmative obligations under this Lease, such unperformed obligation(s) shall <br />survive the expiration or earlier termination of this Lease. In addition, Omer s consent to or <br />approval of any act by Tenant requiring Owner's consent or approval shall not be deemed to render <br />unnecessary the obtaining of Owner's consent to or approval of any subsequent act of Tenant, whether <br />similar or dissimilar to the act which was consented to or approved by Owner. <br />Tenant hereby expressly waives any and all rights of redemption granted by or under any present or <br />future laws in the event of Tenant being evicted or dispossessed for any cause, or in the event of <br />Owner obtaining possession of the Premises, by reason of the violation by Tenant of any of the cove- <br />nants or conditions of this Lease, or otherwise. <br />MAR 1988 <br />-16- <br />
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