API » Topics » ARTICLE XXXV INTEREST ON PAST DUE OBLIGATIONS

This excerpt taken from the API 8-K filed Jan 13, 2010.
ARTICLE XXXV INTEREST ON PAST DUE OBLIGATIONS
 
     Any amount due from Tenant to Landlord hereunder which is not paid when due shall bear interest at fifteen (15%) percent per annum from the date due until paid, unless otherwise specifically provided herein, but the payment of such interest shall not excuse or cure any default by Tenant under this Lease.
 
ARTICLE XXXVI LIABILITY OF LANDLORD
 
     If Landlord shall fail to perform any covenant, term or condition of this Lease upon Landlord's part to be performed, and if as a consequence of such default Tenant shall recover a money judgment against Landlord, such judgment shall be satisfied only out of the proceeds of sale received upon execution of such judgment and levied thereon against the right, title and interest of Landlord in the demised premises or building which the demised premises are a part (the "Property") and out of rents or other income from the Property receivable by Landlord, or out of the consideration received by Landlord from the sale or other disposition of all or any part of Landlord's right, title and interest in the Property. Neither Landlord nor any of the partners comprising the partnership which is the Landlord herein shall be liable for any deficiency.
 
ARTICLE XXXVII RE-RENTING
 
     The Tenant hereby agrees that for a period commencing six (6) months prior to the termination of this Lease, the Landlord may show the premises to prospective Tenants and six (6) months prior to the termination of this Lease, may display in and about said premises and in the windows thereof, the usual and ordinary "TO RENT" signs.
 
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