Laserfiche WebLink
Page 6 <br />shall be constructed in a good and workmanlike manner and of first <br />class materials. <br />Section 104. Prior to or simultaneously with the execution <br />and delivery of this Lease Agreement, the Lessor shall furnish to <br />the Lessee proof of ownership of the site and in this regard the <br />Lessor covenants that it has fee simple title to said site and <br />that it will ever defend the said fee simple title and its right <br />to lease the leased premises. <br />Sectiorn 105. It is agreed, and Lessee covenants, that <br />Lessee, as agent of Lessor for the design, construction, acquisition <br />and installation work, will use its best efforts to take or cause <br />to be taken the necessary steps to complete a manufacturing building <br />and improvements and installation of equipment and machinery therein <br />suitable for the manufacturing operations to be conducted by the <br />Lessee, so that the construction cost (as defined in Section 106) <br />shall not exceed $1,300,000, provided, however, Lessee in any <br />event agrees that the manufacturing building and improvements shall <br />be constructed and the necessary equipment and machinery installed <br />so as to have a completed unit suitable for the manufacturing <br />operations to be conducted by Lessee and that excess construction <br />cost (over and above said $1,300,000), if any, shall be paid by <br />Lessee. With regard thereto it is contemplated that if there be <br />excess construction cost it will be in connection with the purchase <br />and installation of machinery and equipment and Lessee may furnish <br />at its own cost and expense the additional machinery and equipment <br />necessary to complete the Project and if it does so such machinery <br />and equipment shall not become the property of Lessor. <br />Section 106. "Construction Cost" as that term is used in <br />this Lease Agreement shall be construed to mean all costs and <br />expenses of every nature incurred in designing and constructing <br />the factory building, improvements, structures and facilities on <br />the site, purchasing and installing Lessor's machinery, equipment <br />and fixtures, expenses incurred by Lessor and by Independence County <br />in connection with the issuance of Act No. 9 bonds and the <br />Amendment No. 49 bonds not to exceed the amount of $15,000 (as <br />