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It 4 <br />payable during the Term, with a <br />reasonable right of contest <br />comply with all legal requirements <br />relating to the Premises, the <br />improvements thereon and all operations <br />therein <br />on or before September 1 of each school <br />year, deliver to Landlord an annual <br />operating and capital budget for <br />Landlord's reasonable review and <br />approval <br />on a quarterly basis, deliver to <br />Landlord operating statements for <br />improvements on the Premises and <br />unaudited financial statements for <br />Tenant <br />Negative <br />Covenants:Tenant shall not: <br />• make any alterations or additions to <br />improvements on the Premises which would <br />change their size or exterior <br />appearance, or which would change their <br />character or suitability for the uses <br />specified in the Ground Lease <br />• assign the Ground Lease or sublet the <br />Premises in whole or in part in any <br />fashion, whether voluntarily or <br />involuntarily, or by operation of law, <br />except that Tenant may assign its <br />interest in the Ground Lease to another <br />Minnesota non-profit corporation as long <br />as Landlord consents to such transfer <br />(which consent may be withheld in <br />Landlord's sole discretion) <br />• encumber its leasehold interest with a <br />lien for any financing or other <br />obligation, whether voluntarily or <br />involuntarily <br />— Landlord acknowledges that Tenant <br />may incur up to $250,000 of debt in <br />connection with the payment of <br />project costs for the arena's <br />development, and that such debt may <br />be secured by Tenant's personal <br />property