RADIUS CLAUSE – RETAIL RESTRICTIONS LIMIT (LANDLORD ORIENTED)
Tenant hereby acknowledges that the location of Tenant's other business locations and the affect of such other business locations on the probability that Tenant will pay Percentage Rental hereunder were material inducements for Landlord to enter into this Lease at the Minimum Annual Rental reserved. Therefore, neither Tenant, nor any person, partnership, corporation or other entity in which Tenant has a financial interest or who or which has a financial interest in Tenant, shall, during the Term, directly or indirectly, either individually, as a partner, stockholder or otherwise, own, operate or otherwise become financially interested in any business similar to or competing with the business operating in the Premises within the Shopping Center or within the Retail Restriction Limit measured from the outside boundary of the Shopping Center as constituted on the date of this Lease. This Section ___ shall not apply to any business in which Tenant has a financial interest on the date of this Lease and is on the date of this Lease operating within the Shopping Center or within the Retail Restriction Limit. Violation of this Section shall entitle Landlord to increase the Minimum Annual Rental then payable by an amount equal to the Percentage Rental payable by Tenant during the preceding Lease Year and, if exercised, the increase shall be effective on the first (1st) day of the first (1st) full calendar month following such violation. If Landlord elects to increase the Minimum Annual Rental pursuant to this Section ____, it shall promptly notify Tenant of such increase which notice shall be accompanied by a lease amendment setting forth the increased Minimum Annual Rental. Landlord's notice shall also be accompanied by detailed calculations illustrating Landlord's computation of the increased Minimum Annual Rental.