Common use of STORE CLOSING Clause in Contracts

STORE CLOSING. Notwithstanding anything herein to the contrary, Tenant agrees to the cancellation of this Lease and agrees to vacate the Demised Premises on the date Landlord ceases doing business in the Store unless a longer period is required by federal or state law, or unless this Lease is transferred by Landlord, as contemplated by Article XVI above. Landlord agrees to give Tenant as much notice as is practicable under the circumstances of Landlord's decision to cease doing business in the Shopping Center. EXHIBIT A COMMENCEMENT AGREEMENT Re: Store Lease Agreement dated ________ between Wal*Mart Stores, Inc. ("Landlord") and the undersigned financial institution ("Tenant") concerning Wal*Mart Supercenter No. ____, ___________(the "Store"). Landlord and Tenant confirm the following information with respect to the Store (capitalized terms not otherwise defined in this Agreement shall have the meaning given to them in the Store Lease Agreement), as of __________, 19_. 1. The Store Lease Agreement is in full force and effect and has not been modified, superseded or changed, except as follows: 2. Tenant accepted the Demised Premises and opened its Financial Service Facility on ___________. 3. The initial Lease Term commenced on __________ and will expire on _________. The first Renewal Term (if any) will commence on ___________ and will expire on _____________. The second Renewal Term (if any) will commence on __________ and will expire on _______________. 4. Tenant's obligation to make payments of Rent commenced on __________. Tenant's $_______ payment for Landlord's Work is due on or before _________ . Tenant's $_________ Key Money payment is due on or before ________. (See Payment Summary below). 5. LANDLORD REQUESTS THAT TENANT'S ACCOUNTING DEPARTMENT ESTABLISH AUTOMATIC PAYMENTS TO ENSURE RENT IS RECEIVED BY THE FIRST OF EACH MONTH. LANDLORD WILL NOT ISSUE INVOICES FOR RENT. RENT AND OTHER PAYMENTS SHOULD BE SENT TO: WAL*MART STORES, INC., ▇.▇. ▇▇▇ ▇▇▇▇▇▇, ▇▇. ▇▇▇▇▇, ▇▇ ▇▇▇▇▇-▇▇▇▇. PAYMENT SUMMARY MONTHLY RENT PAYMENT DUE FOR DESCRIPTION INITIAL PAYMENT DUE INITIAL TERM EFFECTIVE ____ 1997 ------------ ------------------- --------------------------------- Landlord's Work $_______ Key Money _______ Prorated ____ Rent Payment _______ $________ TOTAL AMOUNT DUE $ ======= EXECUTED BY LANDLORD AND TENANT AS OF THE DATE SET FORTH ABOVE: Wal-Mart Stores, Inc. Tenant By:__________________ By:________________________ Title:_______________ Title:_____________________ MONTHLY RENTAL PAYMENTS ARE DUE THE 1ST OF EACH MONTH. LATE PAYMENT CHARGES WILL BE IN ACCORDANCE WITH LEASE. EXHIBIT 8 ANCILLARY PRODUCTS AND SERVICES INVESTMENT PRODUCTS Mutual Funds U.S. Government and Agency Securities Municipal Bonds Unit Investment Trusts Equities Fixed Annuities Variable Annuities INSURANCE PRODUCTS: Term Life Credit Life Credit Disability Universal Life Variable Life SERVICES: Self-Directed IRAs Insurance Plan Review Stock and Bond Research Mutual Fund Performance Evaluations Retirement and Education Planning INTERNATIONAL BANKING TECHNOLOGIES QUARTERLY/MONTHLY IN-STORE BRANCH PERFORMANCE TRACKING REPORT FINANCIAL INSTITUTION:______________________ UNIT # ______________________ RETAILER/STORE #: ________________ MANAGER: ____________________ BRANCH ADDRESS:___________________ BRANCH TELEPHONE:____________ BRANCH FAX:__________________

Appears in 1 contract

Sources: Lease Agreement (First Financial Corp /Ri/)

STORE CLOSING. Notwithstanding anything herein to the contrary, Tenant agrees to the cancellation of this Lease and agrees to vacate the Demised Premises on the date Landlord ceases doing business in the Store unless a longer period is required by federal or state law, or unless this Lease is transferred by Landlord, as contemplated by Article XVI above. Landlord agrees to give Tenant as much notice as is practicable under the circumstances of Landlord's decision to cease doing business in the Shopping Center. EXHIBIT A COMMENCEMENT AGREEMENT Re: Store Lease Agreement dated __________ between Wal*Mart Stores, Inc. ("Landlord") and the undersigned financial institution ("Tenant") concerning Wal*Mart Supercenter No. _____, _________________ (the "Store"). Landlord and Tenant confirm the following information with respect to the Store (capitalized terms not otherwise defined in this Agreement shall have the meaning given to them in the Store Lease Agreement), as of __________, 19_. 1. The Store Lease Agreement is in full force and effect and has not been modified, superseded or changed, except as follows: 2. Tenant accepted the Demised Premises and opened its Financial Service Facility on ___________. 3. The initial Lease Term commenced on __________ and will expire on _________. The first Renewal Term (if any) will commence on ___________ and will expire on _____________. The second Renewal Term (if any) will commence on __________ and will expire on _______________. 4. Tenant's obligation to make payments of Rent commenced on __________. Tenant's $_______ payment for Landlord's Work is due on or before _________ . Tenant's $_________ Key Money payment is due on or before ________. (See Payment Summary below). 5. LANDLORD REQUESTS THAT TENANT'S ACCOUNTING DEPARTMENT ESTABLISH AUTOMATIC PAYMENTS TO ENSURE RENT IS RECEIVED BY THE FIRST OF EACH MONTH. LANDLORD WILL NOT ISSUE INVOICES FOR RENT. RENT AND OTHER PAYMENTS SHOULD BE SENT TO: WAL*MART STORES, INC., ▇.▇. ▇▇▇ ▇▇▇▇▇▇, ▇▇. ▇▇▇▇▇, ▇▇ ▇▇▇▇▇-▇▇▇▇. PAYMENT SUMMARY MONTHLY RENT PAYMENT DUE FOR DESCRIPTION INITIAL PAYMENT DUE INITIAL TERM EFFECTIVE ____ 1997 ------------ ------------------- --------------------------------- Landlord's Work $_______ Key Money _______ Prorated ____ Rent Payment _______ $________ TOTAL AMOUNT DUE $ ======= EXECUTED BY LANDLORD AND TENANT AS OF THE DATE SET FORTH ABOVE: Wal-Mart Stores, Inc. Tenant By:__________________ By:________________________ Title:_______________ Title:_____________________ MONTHLY RENTAL PAYMENTS ARE DUE THE 1ST OF EACH MONTH. LATE PAYMENT CHARGES WILL BE IN ACCORDANCE WITH LEASE. EXHIBIT 8 ANCILLARY PRODUCTS AND SERVICES INVESTMENT PRODUCTS Mutual Funds U.S. Government and Agency Securities Municipal Bonds Unit Investment Trusts Equities Fixed Annuities Variable Annuities INSURANCE PRODUCTS: Term Life Credit Life Credit Disability Universal Life Variable Life SERVICES: Self-Directed IRAs Insurance Plan Review Stock and Bond Research Mutual Fund Performance Evaluations Retirement and Education Planning INTERNATIONAL BANKING TECHNOLOGIES QUARTERLY/MONTHLY IN-STORE BRANCH PERFORMANCE TRACKING REPORT FINANCIAL INSTITUTION:______________________ UNIT # ______________________ RETAILER/STORE #: ________________ MANAGER: ____________________ BRANCH ADDRESS:___________________ BRANCH TELEPHONE:____________ BRANCH FAX:__________________ CITY, STATE: _____________________ QUARTER/MONTH ENDING: Jan Feb Mar Apr May Jun Jul Aug Sep BRANCH OPENING DATE:______________ Oct Nov Dec YEAR: 97 98 99 00 01 02 (Please circle) NEW DEPOSIT NEW ACCOUNTS DURING THIS AMOUNTS THIS TOTAL AMOUNT ON QUARTER/MONTH QTR/MONTH DEPOSIT AT BRANCH ------------------------- ---------- ----------------- DDA ACCOUNTS $ $ TIME ACCOUNTS $ $ TOTALS $ $ TOTAL # OF NEW LOANS TOTAL AMOUNT DURING NEW LOAN AMOUNT OF LOANS WRITTEN AT THIS QUARTER/MONTH DURING THIS QTR/MONTH BRANCH ------------------ --------------------- ------------------- LOAN ORIGINATIONS $ $ (only loans initiated at your branch) Average Number of Monthly Tellerline Transactions:__________________________ MONTHLY ATM TRANSACTIONS: Foreign ____________________ On-us _________________ AVERAGE WEEKLY STORE CUSTOMER COUNT: ____________ This # only needed once yearly) (Please ask the manager of the store for a round number, and assure the manager that it will be held confidentially and used only for branch activity purposes.) Please mail or fax this form to: MARKET RESEARCH International Banking Technologies ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇ 770/▇▇▇-▇▇▇▇ (fax)770/▇▇▇-▇▇▇▇ (Please make additional copies of this form as needed) WAL-MART SIGNAGE POLICY Contacts (War-Mart Vestibule Leasing Department): ▇▇▇▇▇ ▇▇▇▇▇▇▇ (▇▇▇)▇▇▇-▇▇▇▇ 1. BUILDING SIGNAGE. Exterior signage will be one sign with a maximum of 20 sq. ft. stud- mounted, illuminated or non-illuminated letters or box approved by the Vestibule Leasing Department. The sign will be installed in the location per the attached drawing (Exhibit "D-1") on all store locations where Tenant branches will reside.

Appears in 1 contract

Sources: Lease Agreement (First Financial Corp /Ri/)