Common use of GUARD SERVICE Clause in Contracts

GUARD SERVICE. The Landlord is not required to provide guard service. Landlord reserves the right to cancel or withhold such service at anytime for any reason whatsoever. In the event Landlord now employs or hereafter employs a security guard or guard service (hereinafter the “Guard”) in the building, Tenant shall pay to Landlord, as additional rent, in advance, together with each installment of the annual rent provided for herein, a percentage of the cost of employing the Guard, including, but not limited to, any employee benefits, social security taxes and other expenses which are incurred by Landlord therefor, which percentage shall be the same percentage as is now set forth in the provision of this lease which provides for the payment by Tenant of increases in Real Estate Taxes, Landlord reserves the right to (i) initially set the days and hours the Guard is employed, (ii) to change, at will, such hours and days, and (iii) to discontinue the employment of the Guard, all in its sole and absolute discretion. The furnishing of the Guard by Landlord shall not be deemed to impose any obligation on the part of the Landlord for the security of the building, the demised premises or the contents of the demised premises, and Tenant hereby unconditionally waives any rights or claims against Landlord and Landlord’s managing agent by reason of any acts or omissions of the Guard employed.

Appears in 1 contract

Sources: Loft Lease (Nara Bancorp Inc)

GUARD SERVICE. The Landlord is not required to provide guard service. Landlord reserves the right to cancel or withhold such service at anytime for any reason whatsoever. In the event Landlord now employs or hereafter employs a security guard or guard service (hereinafter the “Guard”) in the building, Tenant shall pay to Landlord, as additional rent, in advance, together with each installment of the annual rent provided for herein, a percentage of the cost of employing the Guard, including, but not limited to, any employee benefits, social security taxes and other expenses which are incurred by Landlord therefor, which percentage shall be the same percentage as is now set forth in the provision of this lease which provides for the payment by Tenant of increases in Real Estate Taxes, . Landlord reserves the right to (i) initially set the days and hours the Guard is employed, (ii) to change, at will, such hours and days, and (iii) to discontinue the employment of the Guard, all in its sole and absolute discretion. The furnishing of the Guard by Landlord shall not be deemed to impose any obligation on the part of the Landlord for the security of the building, the demised premises or the contents of the demised premises, and Tenant hereby unconditionally waives any rights or claims against Landlord and Landlord’s managing agent by reason of any acts or omissions of the Guard employed.

Appears in 1 contract

Sources: Loft Lease (Nara Bancorp Inc)