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O1!2a!98 16:27 ~'8'503~588 52a7 nI9RI0N C0. COM. ~ 008!O1~ _
<br />JAN-23-98 15=19 FRflM=BALL JAHIK LLP ID=503 295 3059 PAGE 6/14
<br />2.1 'Ihe tezm "Project Budget' shaIl mc~ the budget of expenditures reIating
<br />to tE~e Project prep~d by Owaer with input and advice fro,m M,~nager, as mod~ f ed {~~ ~e to
<br />-- time througf~ouR the Term,
<br />2.2 The term "Applicable Laws" sbalI m,ea~ av, gov~~~l Iaws,
<br />o Tn r~, niles, regulations, reqairemcats, or re.~ictioris imposed by the Uaited Sta~es, the
<br />State of 4regon, th~ County of Marxon, the City of Salcm or aay other j~u~,sdiction, which as a
<br />matter of lav~r, are applicable to the Projoct, this Ageemea~~ Manager, Ow~ner, or the parties'
<br />coaduct under this Ageement, includ.iag but net limited m the FTA Requira~cerats, to the extent
<br />to which Managot is require~ by Iaar to comply with the FTA Requirements.
<br />2.3 The term "$asic Fe~e" sba]1 mean the fee payable to Manager as described
<br />in Secrion 2.1,01 of the attarhed Schedule i,
<br />2.4 The terra "Completion Daze" shall mean tba~t date on wluch all of the
<br />following coaditions s1zaIl have beem met; (a} the cans~rtu.-tion of the ~is Suilc~.ng has beea
<br />completed, {ts) a certificate of oce~aacy shall hav~ baen issued thc~for, {c) tenaat
<br />iraprovements for the ~} ofFice space in the BuiIding to be occupied by Owner as af the
<br />Completioa Date , have beea co~pleted, and {d) the BuiIdi,ng
<br />equipmeat and syste=as are opera2ional.
<br />2.5 The ierm "Construction Pesiod* shall mean the period of bme
<br />commenci.ng on the ~e hereof aad eading on the Completion I?atr,
<br />- 2_6 The tam "Impositions" svali mean all taxes, specisl a5sessmen~s, use and
<br />oeeupaacy taxcs, trdosit taxes, water ~d sewer charges, c~arges for public uulitie's, Iicease and
<br />pe~mit fees, and ather ebarge:s of any ldnd aad aaLure R-hatsoevc~, which may du¢~ing the term of
<br />this Agreement be assesse~, Ievie~ or imposed upoa or becorrio payable out of or become a lien
<br />an the Building or the Properiy or any part thereo~ a~pn~rP„?~ ~eto or the sidewalks,
<br />sfieets or vaults adja~ent thereto, or any income, profits or reven.ues tax, assessment or ch~ge
<br />' iraposed upoa the reat rexived as sucb. by Owner, or aay mw2iciPa], scate, or federa~ capital lev3',
<br />estate, successiou, inheritauce or ~a~osfei taxes of Ou-ner, or aay ~auchise taxes imposed upon
<br />aay owaer of the Building or the Propetty, or any part thereof, to the axteut t~at any snch tax is
<br />imposeci in lieu of or in substitution for any tax levied or assessed upon the $uil.ding ar the
<br />Propeity or the re~ payable for the use tbcroof.
<br />2.7 ?he term "Other Praject Coatracts" sl~all meaa conffacts e~tered into
<br />between Owner and third partiea, othe~ thau the contraets a-ith ~ architect and gtaerai
<br />eoatractor, for goods or s~etvicns t~ be u~ed in the development aad consuuction of the Proje~
<br />copies of which shall Ix promptly pr~vided to Msaager after executioa by Qavner,
<br />3. Ma~nagem~
<br />„t._.~~~ D... ...
<br />Owner shall pay the Manager a fe~ for M~ager's services to be provided uader tb.is Agreeraent
<br />3 o14s79o.x&D
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