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1235 714245£3094 SAPD FISCAL PAGE G5J75
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<br />FILE, 00-V
<br />D,710, OCTA shall give Licensee written notice of the date and amount Of any such
<br />iir,S,trinnt not less than thirty (30) days prior to the applicable anniversary date. if no
<br />Is made ora the third annive%n,of the' Commencament Date, an adjustment
<br />rr10y AOvOrtdidle'ss be made on subsequent anniversary date and thereattbr at intervals of
<br />titan three (3) years Spurt. Any such adjustment may take into consideration the
<br />:It f9ir Market rental value since the last adjustment.
<br />Ltcansee aeknowladges that late payment by Licensee of any
<br />awed to OCTA under this
<br />contemplated b tMdS Agreement will cause ciG7A to Incur Deets not
<br />P� y Agreement, Therefore, if any payment due from UWnsee is not
<br />FOOM ei.1 by + tftA wlthih five (0) days of the date when due, LidehSee shall pay to OCTA
<br />an additional sum of ten. percent (10%) of the Overdue payment as a late dharge, up to a
<br />rn�,Wllrnuft1 amount Of $500 For each late Payment. The parties agree that tills late charge
<br />n5:•rrt—`%Wts a �ffair end reatabnable estimate of the administrative costs that OCTA will incur
<br />by reagstsn Of9l We payinPnt by Liceilsme. Acoeptanrae of any late payment cher�e shall not
<br />c{^ntitr,a'i a waiver of Licensee's default with rhspect to the overdue payriserrt, and shall not
<br />,P"M Mar, 00"'M A' trona exercising any of this tither rights and remedies available to OCTA
<br />under this 41`90101it, at, law or in equlty, including, but not limited to, the interest charge
<br />irnposod purstldaht ti gjigq0jA"&�
<br />Licensee shall be liable for End $agree$ to pay promptly and prior to
<br />�?G?"e!Nh�Wroy, atiytAxorassessi•nrant, inolmdIng,buf not limited to any possessory interest tax,
<br />,1'a+ h4 es9y govpmirnenttal authority^ (a) nigainst thea Facility, the License Property and/or
<br />;'r e;'rrxil Property, firdtureb Or equipment: of Licensse used in connection therewith, or
<br />,irascaitofthe Facillty's operations
<br />rj�t010M, Any wwk performed or caused to be performed by Licensee on the
<br />I'r 1„irense Property shall be performed (o) at licensee's Sole cost and expense;
<br />with any and all appllmpble iSws, Mee and regulations (Including the
<br />OCTA's nates :And rapulations)t and (o) in. a manner which (1) njeets or exceeds the then
<br />epplica} lb Standardo of -the industry far such worlr, and (ii) is satisfactory to OCTA. Prior to
<br />cPerR sa"iCerPieitt of any construction, reponstructlon, installation, restoration, alteration,
<br />repelr, i`vaPIMP'nient or removal lath or than norm al malntenan ) (hereinafter, MYPA") on
<br />a,ka ,;.br iiri.sa pmpsyr"ty, LiMnseO shall Submit wcrR plans to OCTA for review and approval,
<br />Any suM^hI VJVryrt2 rnaast b0l Carried out pursuant to work, plans approved in writing by 00 A,.
<br />r .d^r�rfit^'a'T1, I.Soen8o ,Shall provide C)C'1A and all holders of undergribund utility facilities
<br />IWO'�a'4,,,rl a Wlhdrt the Li0ense,Property with at least iq calendar days, written notice prior to
<br />.'r""^",i,arr::tfirrlm nt of eny Wodt ern 'the Licenser Property or the f=acility, e <r�spt in cases of
<br />dpj wi nch event Ll nss e shsll notify OCTA's representative Personally or by
<br />PhOrK?, P"lur to i6mmencinq any Work, unless otherwise requested by t"Jf:TA, upon
<br />Completion of ony Work, Licensee shall restore, 'the OCTA Property to iM condition
<br />Prc- MMding'the commencement of such Work,
<br />rage 5 of 9
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