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EXHIBIT 10.19
DATED 1st September 1987
BRIDGER PROPERTIES LIMITED (1)
and
NEWS INTERNATIONAL PLC (2)
LEASE
-- of -
0 Xxx Xxxxxx Xxxx
Xxxxxxxxx Xxxxxxxxx
TERM COMMENCES : 24th June 1987
LENGTH : 25 years
EXPIRES : 23rd June 2012
RENT : L320,000.00 per annum (subject to
review at the fifth tenth fifteenth and
twentieth anniversaries of the
commencement date)
Jonas & Xxxxxx
00 Xxxxxx Xxxxxx
Xxxxxxxxx
Xxxxxxxxx
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THIS LEASE made the 1st [STAMP]
September One thousand nine hundred and eighty-seven
BETWEEN:-
(1) BRIDGER PROPERTIES LIMITED whose registered office is situate at 00 Xxxxxxx
Xxxxxx Xxxxxxxxx Xxxxxxxxx (hereinafter called "the Landlord" which expression
shall where the context so admits include the reversioner for the time being
expectant on the determination of the term hereby granted)
(2) NEWS INTERNATIONAL Plc whose registered office is situate at X.X. Xxx 000
0 Xxxxxxxx Xxxxxx Xxxxxx X0 0XX (hereinafter called "the Tenant" which
expression shall whether the Tenant or any of its successors in title be one
person or more than one person or a firm or company or any combination thereof
and where the context so admits include his its or their respective successors
in title)
WITNESSETH as follows:-
1. IN this Lease:-
(1) The following expressions have unless the context otherwise requires
the following meanings:-
(a) "the Demised Premises" means the premises described in Part I of
the First Schedule and all additions and alterations thereto and all
Landlord's fixtures from time to time annexed thereto
(b) "the Yearly Rent" means a rent of Three hundred and twenty
thousand pounds (L320,000.O0) per annum or such other rent as may from
time to time be substituted therefor pursuant to the provisions of the
Second Schedule
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(c) "the Insurance Rent" means the amount of gross premiums and other costs
and expenses from time to time required to effect or procure the insurance
of the Demised Premises (including loss of rent insurance) in accordance
with the Landlord's covenant in that behalf hereinafter contained
(d) "the Management Charge" means such costs and expenses as may be
reasonably incurred by the Landlord in retaining the services of agents for
the purpose of acting as agent of the Landlord in connection with the
performance and observance of all rights obligations covenants agreements
and undertakings of the parties hereunder other than for the purpose of
collecting the Yearly Rent and Insurance Rent PROVIDED THAT in no event
shall such charge exceed three per centum of the aggregate of the annual
Yearly Rent and Insurance Rent payable hereunder
(e) "Conducting Media" means sewers drains pipes wires cables ventilation
ducts heating ducts and other conducting media and includes any apparatus
(not being tenant's or trade fixtures) connected to any Conducting Media
for enabling use to be made of the Conducting Media or of any water gas
electricity heating ventilation air conditioning or other effluvia passing
through Conducting Media
(f) "Legislation" means all Acts of Parliament and all orders regulations
and bye-laws made pursuant to any
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Act of Parliament or otherwise having the force of law
(g) "the Planning Acts" means the legislation from time to time in force
relating to Town and Country Planning
(h) "Rent Restriction Legislation" means any legislation which renders
unlawful or otherwise precludes (a) any demand for or payment of or
acceptance of the whole or any part of the Yearly Rent which would
otherwise be for the time being payable hereunder or (b) the requiring or
carrying out of any review of the Yearly Rent at the times and in the
manner herein provided
(i) "the Review Dates" means the fifth tenth fifteenth and twentieth
anniversaries of the term hereby granted
(j) "Insured Risks" means the risk of damage or destruction by fire (other
than fire risks from time to time excluded from the fire policy issued by
the Landlord's insurers) storm earthquake riot damage by malicious persons
damage impact and aircraft flooding and damage by bursting water pipes or
any such other risks as the Landlord at his own discretion may from time to
time insure pursuant to the Landlord's covenant in that behalf hereinafter
contained
(k) "the Prescribed Rate" means interest of a rate 3 per cent above the
base rate from time to time of Lloyds Bank Plc
(l) "Sub-lettable Unit" shall mean any of the areas on the ground first and
second floors of the Demised
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premises shown for the purposes of identification only edged blue on
the plans B, C and D annexed hereto
(2) Where two or more persons constitute a party to this Lease covenants by
that party herein contained or implied shall be deemed to be made by those
persons jointly and severally
(3) References to "the tenancy" hereinafter contained shall be deemed to be
references both to the term of years hereby demised and to any extension or
continuation thereof whether pursuant to the provisions of the Landlord and
Xxxxxx Xxx 0000 or any similar legislation from time to time in force or
otherwise which tenancy shall be deemed to have commenced on the date of
commencement of the said term hereinafter stipulated
(4) The expression "termination" in relation to the tenancy means
termination in any manner whether by effluxion of time notice forfeiture
surrender or otherwise and the expression "terminating" bears a
corresponding meaning
(5) Words importing the masculine gender only shall also import the
feminine gender or the feminine gender shall (in relation to a corporation
aggregate) also import the appropriate words of the neuter gender and words
importing the singular number only shall also import the plural number and
respectively vice versa
(6) Any reference to any Act of Parliament shall include any modification
extension or re-enactment thereof for the time being in force and shall
include any instrument
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regulation scheme order plan permission direction or condition for the time
being issued or made or given thereunder or deriving validity therefrom
2. THE Landlord hereby demises unto the Tenant ALL THOSE the Demised Premises
TO HOLD the same unto the Tenant for the term of Twenty-five years commencing on
the 24th day of June One thousand nine hundred and eighty-seven YIELDING AND
PAYING therefor throughout the term the Yearly Rent and the Insurance Rent the
Yearly Rent being payable by equal quarterly installments in advance on the
usual quarter days by standing order to the Landlord's bank account the
Insurance Rent and the Management Charge being payable forthwith on demand from
time to time and to be recoverable as rent by the Landlord and subject to all
the Landlord's remedies under this Lease in respect of rent in arrear and
SUBJECT TO the matters referred to in Part II of the First Schedule so far as
the same affect the Demised Premises and are still subsisting and capable of
taking effect
3. THE Tenant hereby covenants with the Landlord:
(1) To pay the Yearly Rent and the Insurance Rent hereby reserved at the
times and in the manner aforesaid and any Value Added Tax payable thereon
respectively and without any deduction
(2) To pay all rates taxes assessments impositions and outgoings whether of
an existing or novel kind now or at any time hereafter during the said term
levied imposed or charged exclusively in respect of the Demised Premises or
any part thereof whether payable by the Landlord or the Tenant and a fair
and due proportion (as determined by the
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Landlord's Surveyor whose decision shall be final) of any such rates taxes
assessments impositions and outgoings levied imposed or charged on the
Demised Premises in common with any other premises of the Landlord
(3) To repair and keep in good and substantial repair and to renew and
rebuild whenever necessary and keep clean and properly decorated all to the
reasonable satisfaction of the Landlord's Surveyor the whole of the Demised
Premises damage by the Insured Risks excepted provided that the policy or
policies or insurance effected by the Landlord shall not have been vitiated
or payment of the policy monies refused in whole or in part as a
consequence of some acts neglect or omission of or permitted by the Tenant
or any sub-tenant or their respective servants agents licencees or
invitees
(4) (a) In every third year of the tenancy and also in the last three
months of the tenancy howsoever terminating in a workmanlike manner to
prepare and paint with at least three coats of good quality paint of a
colour approved by the Landlord all parts of the exterior of the
Demised Premises previously or usually painted and clean and where
appropriate repoint and treat with the like protective and decorative
finishes as shall have previously been applied or otherwise with such
protective and decorative finishes approved by the Landlord as are
necessary for their proper maintenance all other parts of the exterior
of the Demised Premises
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(b) In every fifth year of the tenancy and also in the last three
months of the tenancy howsoever terminating in a workmanlike manner to
prepare and paint with at least two coats of good quality paint all
parts of the interior of the Demised Premises previously or usually
painted and clean and where appropriate treat with the like protective
and decorative finishes as shall previously have been applied or
otherwise with such protective and decorative finishes as are
necessary for their proper maintenance all other parts of the
interior of the Demised Premises Provided that the painting and
treatment to be carried out in the last three months of the tenancy
shall be in colours and with finishes previously approved by the
Landlord
(5) To keep the Demised Premises in a clean and tidy condition and
regularly to remove therefrom all waste or offensive materials and articles
and without prejudice to the generality of the foregoing to maintain the
flower beds forming part of the Demised Premises in a neat and tidy
condition and properly planted and to replace all shrubs as and when
necessary and not to cut down any trees, shrubs or bushes therein without
the consent of the Landlord which shall not be unreasonably withheld
(6) To comply in all respects with all requirements (whether placed on the
Landlord or the Tenant) of all present and future legislation and of all
competent authorities as to the condition of the Demised Premises and
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the user thereof and the activities carried on thereat and any works or
alterations executed or required to be executed thereon or in respect
thereof or in any other way affecting the Demised Premises and to keep the
Landlord indemnified against all actions proceedings claims or demands
which may be brought or made by reason of any such requirements not having
been duly complied with and if as a result of any such requirements the
Landlord shall carry out any works or alterations to the Demised Premises
the Tenant shall repay to the Landlord on demand the expenses thereby
incurred by the Landlord or a fair proportion thereof as determined by the
Landlord's Surveyor whose decision shall be final save in the case of
manifest error
(7) At the termination of the tenancy to yield up the Demised Premises and
all fixtures therein in such repair and condition as is required by the
covenants on the part of the Tenant herein contained PROVIDED THAT:-
(a) the Tenant may before such termination remove all tenant's or
trade fixtures but shall make good any damage thereby caused to the
Demised Premises to the Landlord's reasonable satisfaction
(b) if after the termination of the tenancy there shall be left on the
Demised Premises any tenant's or trade fixtures or any chattels or
refuse the Landlord may treat the same as having been abandoned by the
Tenant and may arrange for the removal and destruction or disposal
thereof as the Landlord thinks fit and the
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Tenant shall pay to the Landlord on demand the cost of such removal
and destruction or disposal and shall indemnify the Landlord against
any liability resulting therefrom and
(c) if the Tenant shall fail to yield up the Demised Premises in such
repair and condition as aforesaid the Landlord may if it thinks fit
effect any repairs decorations and other works which ought to have
been carried out by the Tenant pursuant to the covenants on the part
of the Tenant herein contained and the Tenant shall pay to the
Landlord on demand the cost of such repairs decorations and other
works effected by the Landlord together with mesne profits at a rate
equal to the rack rental value of the Demised Premises at the date of
such termination for the period reasonably required for the carrying
out of such work and the Landlord's Surveyor's certificate as to the
amount of such cost and mesne profits shall be conclusive and binding
on the parties
(8) To permit the Landlord and those authorised by it at all reasonable
times during normal business hours (except in case of emergency) on giving
reasonable notice to the Tenant (except in case of emergency) to enter upon
the Demised Premises or any part thereof for any of the following
purposes:-
(a) inspecting the Demised Premises and taking schedules of the
condition thereof and of the Landlords fixtures therein
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(b) repairing altering adding to rebuilding or replacing any adjacent
premises or any Conducting Media comprised in the Demised Premises but
which serve or are capable of serving other premises and
(c) doing anything which the Landlord considers necessary for the
performance by the Landlord of the covenants on its part hereinafter
contained
PROVIDED THAT the person so entering shall cause as little inconvenience as
reasonably possible to the Tenant or other occupiers of the Demised
Premises and shall make good any damage to the Demised Premises or the
property or fixtures and fittings of the Tenant or other occupiers of the
Demised Premises which that person causes
(9) (a) To permit the Landlord and those authorised by it at all
reasonable times during normal business hours (except in case of
emergency) on giving reasonable notice to the Tenant (except in case
of emergency) to enter upon the Demised Premises in order to carry out
any works to which this sub-clause applies and which the Tenant has
failed to carry out within two months after service upon the Tenant of
a notice requiring the same to be carried out
(b) The works (hereinafter referred to as "the Prescribed Works") to
which this sub-clause applies are:-
(i) the carrying out and completion in the manner required by this
Lease of any repairs or other
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works which the Tenant is obliged to carry out by the terms of
this Lease
(ii) the removal of any alterations additions or other works carried
out or commenced on the Demised Premises without all necessary
licences consents permissions and approvals of the Landlord the
Local Planning Authority and any other authority or person having
been obtained and
(iii) the removal or (at the Landlord's option) the completion in a
good and workmanlike manner in accordance with the terms of this
Lease and of such licences consents permissions and approvals of
any alterations additions or other works which have not been so
completed
Provided that the carrying out of such works shall cause as little
inconvenience as reasonably possible to the Tenant or other occupiers
of the Demised Premises or the property or fixtures and fittings of
the Tenant or other occupiers of the Demised Premises and the Landlord
shall make good any damage caused to the Demised Premises or the
property
(10) To pay to the Landlord on demand all expenses (including Solicitors'
Surveyors' and other professional fees) reasonably and properly incurred by
the Landlord in or in connection With:-
(a) carrying out any of the Prescribed Works
(b) the preparation and service of any notice under Section 146 or
Section 147 of the Law of Property Act
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1925 notwithstanding that forfeiture is avoided otherwise than by
relief granted by the Court or
(c) the preparation and service at any time during or after the
termination of the tenancy of any notice or schedule of dilapidations
(11) Not to make any alteration or addition to or in any way injure the
Demised Premises or any part thereof or the internal arrangement thereof or
the Conducting Media comprised in or serving the Demised Premises other
than alterations to the internal arrangement of the Demised Premises
through the erection or demounting of non-structural demountable
partitioning which does not affect the structure thereof full written
details including plans and specifications of such erection or demounting
to be given to the Landlord immediately on completion thereof PROVIDED that
with the prior written consent of the Landlord such consent not to be
unreasonably withheld the Tenant may make internal alterations to the
Demised Premises and connections to the Conducting Media therein which do
not affect the structure thereof full written details including plans and
specifications of such alterations and connections to be given to the
Landlord immediately upon completion thereof
(12) Not to interfere with or obstruct any Conducting Media and without
prejudice to the generality of the foregoing not to throw or permit to be
thrown any dirt rubbish rags or other refuse into the sinks lavatories
cisterns or waste or soil pipes in the Demised Premises
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(13) Not without the consent of the Landlord to display upon the exterior
of the Demised Premises or upon the interior thereof so as to be visible
outside the Demised Premises any lettering advertisement sign notice
placard flag or similar device provided that such consent shall not be
unreasonably withheld or delayed to a sign displaying the name and business
of the Tenant or of any permitted sub-tenant and the name of the Building
(14) Not to use or permit to be used the Demised Premises or any part
thereof for any illegal or immoral purpose or for the sale of any beer wine
spirit or liquor or for any sale by auction and not to permit any person to
reside at the Demised Premises and not to bring upon the Demised Premises
anything of an explosive or inflammable nature or which may overload any
part of the Demised Premises
(15) Not to use the Demised Premises or any part thereof for any purpose
other than as offices as the same were previously defined in Class II of
the Town and Country Planning (Use Classes) Order 1972
(16) In relation to the Planning Acts:-
(a) not to make any application under the Planning Acts for permission
to carry out any development (as defined by the Planning Acts) or for
the approval of anything in connection therewith unless the Tenant
shall previously have obtained all consents licences and approvals of
the Landlord required under this Lease for the carrying out of such
development
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(b) Not to make any such application except in such form and for
such duration whether limited or unlimited as the Landlord may approve
which approval shall not be unreasonably withheld
(c) Not to implement any planning permission or approval unless the
same has been submitted to and approved in writing by the Landlord
whose approval shall not be unreasonably withheld
(d) In the event of the Tenant carrying out any works in
implementation of any planning permission or approval so approved to
carry out and complete all works required to implement the same in a
good and workmanlike manner in accordance with the terms of such
permission or approval
(e) To make or secure to the satisfaction of the Secretary of State or
other authority appointed for the purpose any payment that may be
required for any planning permission or approval which may be granted
and so to do for the full term of the permission or approval and
similarly to make or secure any payment that may be required in
respect of any development or the continuance or retention of any
development being a permission or approval implemented or development
carried out or continued or retained at any time during the currency
of the tenancy
(f) Unless the Landlord otherwise directs to carry out before the
termination of the tenancy or such earlier
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date as may be nominated by the Landlord any works required to be
carried out to the Demised Premises by a date subsequent to the
termination of the tenancy by any limitation or condition to which
any planning permission or approval implemented by or under or for the
benefit of the Tenant is subject
(g) To produce to the Landlord or the Landlord's agents when required
all such drawings documents and other evidence that the provisions of
this sub-clause (16) have been complied with as it or they may
reasonably require
(h) For the avoidance of doubt the Landlord's approval of any
application permission or approval under this sub-clause may be
refused on the grounds (inter alia) that the period thereof or
anything contained therein or omitted therefrom or the implementation
thereof would in the reasonable opinion of the Landlord's Surveyor be
likely to be prejudicial to the interests of the Landlord whether in
relation to the Demised Premises or any neighbouring premises or
otherwise and whether during the currency of the tenancy or thereafter
or might in the Landlord's opinion give rise to a taxation or
potential taxation liability on the Landlord
(17) Within seven days of the receipt of the same by the Tenant to give
full particulars to the Landlord or the Landlord's Surveyor of any notice
or order or proposal for a notice or order given issued or made to or on
the Tenant by
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any competent authority pursuant to Legislation and if so required by the
Landlord or the Landlord's Surveyor to produce such notice order or
proposal to them and without delay to take all necessary steps to comply
with any such notice order or proposal and at the request of the Landlord
or the Landlord's Surveyor but at the cost of the Tenant to make or join
with the Landlord in making such objections or representations against or
in respect of any such notice order or proposal as they or any of them
shall deem expedient
(18) Not knowingly to permit any person to encroach upon or to acquire any
right of light air way water or drainage or other easement over the Demised
Premises but forthwith to inform the Landlord of any such encroachment or
of any act or thing which might result in the acquisition of any right or
easement over the Demised Premises and to do all acts and things which may
be necessary or expedient to prevent such encroachment or the acquisition
of any such right or easement Provided that if the Tenant shall fail to do
such acts and things as aforesaid the Landlord shall have power to enter
upon the Demised Premises for the purpose of doing the same and any
expenses which the Landlord thereby incurs shall be paid by the Tenant to
the Landlord on demand
(19) Not to do or omit or cause any act or thing which might invalidate or
prejudicially affect any insurance of the Demised Premises or any adjoining
premises or render to be insurance monies in whole or in part irrecoverable
and at
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the Tenant's expense to comply with any requirements of the insurers for
the time being thereof
(20) In the event of the premiums payable for the insurance of the Demised
Premises or any neighbouring premises being increased by reason of any act
or default of the Tenant to pay on demand to the Landlord or to whomsoever
the Landlord shall direct the amount of such increase
(21) Not to mortgage charge part with the possession of or permit any
other person to occupy the whole or any part of the Demised Premises save
that the Tenant may with the written consent of the Landlord (which consent
shall not be unreasonably withheld or delayed):-
(a) assign the whole of the Demised Premises to a person (in this
paragraph called "the proposed Assignee") not intending to use the
Demised Premises or any part thereof for any purpose other than in
accordance with Clause 3 (15) hereof who has previously entered into a
covenant with the Landlord in such form as the Landlord shall
reasonably require to pay the rent hereby reserved and to observe and
perform the Tenant's covenants and the conditions herein contained and
who (if a private limited company) has also procured that two persons
acceptable to the Landlord have each entered into a covenant with the
Landlord in such form as the Landlord shall reasonably require that
the proposed Assignee will as from the date of the assignment of the
Demised Premises to the proposed Assignee pay such rent and observe
and perform such covenants and conditions or
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(b) underlet the whole of the Demised Premises to a person not
intending to use the Demised Premises or any part thereof for any
purpose other than in accordance with Clause 3(15) hereof who has
previously entered into a covenant with the Landlord in the same terms
as this paragraph at the best rent reasonably obtainable without
taking a fine or premium by means of an underlease which contains like
covenants on the part of the underlessee to the Tenant's covenants and
like conditions to the conditions herein contained and the like
provisions for review at each of the Review Dates of the rent thereby
reserved to those contained in the Second Schedule hereto
(c) underlet part of the Demised Premises on the same terms as are
contained in clause 3(21)(b) hereof PROVIDED that:
(i) save as provided in paragraph (d) below the maximum number of
underlettings permitted by this sub-clause shall be two and
(ii) underletting of part of any sub-lettable unit is hereby
expressly prohibited
(d) for the purposes of paragraph (c) of this sub-clause an
underletting of two or more sub-lettable units to the same tenant
shall be treated as a single underletting and notwithstanding the
first proviso to the said sub-clause more than two underlettings
shall
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be permitted pursuant thereto provided that the security of tenure
provisions of Part II of The Landlord and Xxxxxx Xxx 0000 shall have
been excluded by Order of the Court from any such additional
underletting and PROVIDED FURTHER that so long as this Lease shall be
vested in NEWS INTERNATIONAL PLC such company may without the
necessity of obtaining any such consent part with possession or
occupation of the Demised Premises as a whole or in part with or to a
holding or subsidiary company (within the meaning of Section 736 of
the Companies Act 1985) for the same purposes as are permitted by this
Lease provided no tenancy is thereby created
(22) Not to allow any underlessee or other person deriving title to the
Demised Premises from the Tenant to assign mortgage charge underlet part
with the possession of or permit any other person to occupy the Demised
Premises or any part thereof save that with the written consent of the
Landlord which consent shall not be unreasonably withheld and upon terms
(mutatis mutandis) of paragraph (22)(a) & (b) of this Clause the Tenant
may permit such underlessee or other person to assign or underlet the whole
of the Demised Premises
(23) (a) To procure that every assignee underlessee licensee or other
person in whose favour any disposition (whether affecting the Demised
Premises or any derivative interest therein) is effected or upon whom
the Demised Premises or any such derivative
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interest shall devolve by operation of law shall (without any demand
in that behalf) within twenty-one days after such disposition or
devolution occurs leave a certified copy of the instrument effecting
the disposition or notice of the devolution together with any
instrument evidencing the same with the Landlord for registration
(b) To procure that upon every registration of each instrument or
notice under the foregoing provisions the person leaving the same pays
to the Landlord its registration fee of fifteen pounds together with
any Value Added Tax payable thereon
(24) To permit the Landlord at any time (in the case of a proposed sale
mortgage or charge of the Landlord's interest) or during the last six
months of the term hereby granted and the remainder of the tenancy
thereafter (in the case of a proposed letting) to display upon some part of
the exterior of the Demised Premises in such a position as not to interfere
with the light or air enjoyed by the Demised Premises or the Tenant's user
thereof a notice advertising that the same are for sale or to let and to
permit prospective purchasers mortgagees chargees or lessees to inspect
the Demised Premises at reasonable times by prior appointment during normal
business hours
(25) To pay on a full indemnity solicitor and own client basis the
reasonable and properly incurred costs and disbursements (including stamp
duties) of the Landlord's
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Solicitors and the reasonably and properly incurred costs and
disbursements of the Landlord's Surveyors Architects and other
professional advisers and the Landlords reasonable administration fee in
connection with any Deed or other thing hereby required to be executed or
done at the Tenant's expense or any licence consent or approval applied for
by the Tenant relating to the Demised Premises or the provisions of this
Lease whether or not the same shall be executed done or given together with
any Value Added Tax payable thereon
(26) Not to store stack place lay out or leave outside the Demised Premises
any rubbish or refuse or other material (except in refuse bins designed for
the purpose in the bin area) and not to obstruct or cause or suffer to be
obstructed the accessways serving or adjoining the Demised Premises or any
adjoining premises or any part or parts thereof
(27) To ensure that nothing of an explosive or highly inflammable nature
and no engine or machinery shall be brought into or stored in the Demised
Premises nor any safe or other heavy article which in the opinion of the
Landlord is likely to affect the stability of the structure of the Demised
Premises
(28) If so required by the Landlord to pay forthwith on demand interest at
the Prescribed Rate both before and after judgement upon:-
(a) any instalment of the Yearly Rent or any sum due as or as part of
or on account of the Insurance Rent
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which shall not have been paid to the Landlord within seven days after
the same became due for the period from the date on which the same
became due to the date on which the same was paid and
(b) any other expenditure by the Landlord for which the Tenant is
obliged to reimburse the Landlord for the period from the date of such
expenditure to the date on which such reimbursement was made
(29) To indemnify the Landlord from and against all claims costs damages
and expenses made against or incurred by the Landlord as a result of the
Tenants occupation of the Demised Premises or on account of the rights
herein reserved or granted by the Landlord
(30) If and for so long as the Tenant is ordinarily resident outside
England and Wales or is a company or corporate body with a registered
office outside England and Wales the Tenant hereby covenants and declares
that the Tenant will from time to time serve notice in writing on the
Landlord specifying for the purposes of this Clause 3 (30) the name and
address of a person within England and in any action in respect of this
Lease being begun by writ by the Landlord against the Tenant such writ may
(in addition to or substitution for any method specified by this Lease or
by the Rules of the Supreme Court) be served upon the Tenant by posting
such writ in an ordinary pre-paid envelope addressed to the person so
specified from time to time and unless and until the Landlord shall be
notified by the Tenant that the
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Tenant has specified some other person within England service upon such
specified person shall be deemed to be good service of such writ upon the
Tenant
4. THE Landlord hereby covenants with the Tenant as follows:
(1) that subject to the Tenant paying the Insurance Rent the Landlord will
insure and keep insured the Demised Premises (unless such insurance shall
be vitiated by any act or default of the Tenant or any person claiming
through the Tenant or his or their servants agents licensees or visitors)
with an insurance company of repute as the Landlord shall determine against
damage or destruction by the Insured Risks in an amount equal to the full
reinstatement value of the Demised Premises (as determined by the
landlord's Surveyors) plus the estimated cost of clearing debris and of
Architects' Surveyors' and other professional fees in connection with
reinstatement plus (if required by the Landlord) provision for increased
costs plus loss of three years' rent of the Demised Premises (but in
respect of any years or part thereof from a Review Date and any years or
part thereof following the expiration of the term hereby granted at such
rent as shall reasonably be required by the Landlord) and will in the event
of the Demised Premises being destroyed or damaged by any of the Insured
Risks with all practicable speed and subject to all necessary licences
consents permissions and approvals being obtainable lay out the money
received in respect of such insurance (other than in respect of loss of
rent) in reinstating the damage in respect of which the same shall
have been paid
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(2) To permit the Tenant to notify the Landlord's insurers of the Tenant's
interest in the Demised Premises
(3) To provide the Tenant not more than once every twelve months on request
with details of the said policy
(4) That the Tenant paying the rents hereby reserved and observing and
performing the covenants on its part and the conditions herein contained
shall peaceably hold and enjoy the Demised Premises throughout the said
term without any lawful interruption by the Landlord or any person lawfully
claiming under through or in trust for the Landlord
5. PROVIDED ALWAYS AND IT IS EXPRESSLY AGREED as follows:-
(1) If the rents hereby reserved or any part thereof shall be unpaid for
twenty one days after becoming payable (whether formally demanded or not)
or if any covenant on the Tenant's part or conditions herein contained
shall not be performed or observed or if the Tenant being an individual
shall become bankrupt or enter into any composition with the Tenant's
creditors or being a company shall enter into liquidation (other than a
voluntary members liquidation for the purpose of reconstruction or
amalgamation forthwith carried into effect and not involving any reduction
of capital) or have a receiver appointed of its undertaking or assets or
any part thereof or if any distress or execution shall be levied upon the
Tenant's goods then and in any of the said cases it shall be lawful for the
Landlord at any
24
26
time thereafter to re-enter upon the Demised Premises or any part thereof
in the name of the whole and thereupon this demise shall absolutely
determine but without prejudice to the right of action of the Landlord in
respect of any breach of the Tenant's covenants herein contained
(2) That if the Demised Premises or any part thereof shall be so destroyed
or damaged by any of the Insured Risks as to be unfit for occupation and
use by the Tenant then (unless any of the insurance money in respect of
loss of rent shall have been rendered irrecoverable by the act or default
of the Tenant or any other person deriving title from the Tenant or
any licensee or invitee of the Tenant or any such other person) the rent
hereby reserved or a fair proportion thereof according to the extent of the
damage shall be suspended and cease to be payable until the Demised
Premises shall be reinstated and fit for occupation and use or until the
expiration of three years from the date of such destruction or damage
whichever shall be the earlier provided that any dispute as to the amount
or length of such suspension shall be determined by an independent Surveyor
(acting as expert) appointed by the President of the Royal Institution of
Chartered Surveyors on the application of either party
(3) The Landlord may retain for its own benefit any commissions or
discounts received or obtained by it on or based on the gross premiums and
other costs which would otherwise be paid incurred or suffered by the
Landlord in insuring or procuring the insurance of the Demised Premises
in accordance with the Landlord's covenant in that behalf herein contained.
25
27
(4) Subject to the provisions of sub-section (2) of Section 38 of the
Landlord and Xxxxxx Xxx 0000 neither the Tenant nor any person deriving
title from the Tenant to the whole or any part of the Demised Premises
shall be entitled on quitting the Demised Premises or any part thereof to
any compensation under Section 37 of the said Act
(5) Any consent permission licence or approval purporting to be given by
the Landlord to the Tenant in relation to this Lease or the Demised
Premises whether or not the same be required to be obtained by the Tenant
by any of the covenants or conditions herein contained shall be ineffective
unless the same be given either:-
(a) by Deed or
(b) by writing under the hand of the Landlord or some duly authorised
officer or agent of the Landlord expressly stating that the Landlord
does not require the same to be by Deed
(6) That no demand for or acceptance or receipt of any part of the Yearly
Rent or any payment on account thereof shall operate as a waiver by the
Landlord of any right which the Landlord may have to forfeit this Lease by
reason of the breach of covenant or condition by the Tenant notwithstanding
that the Landlord may know or be deemed to know of such breach at the date
of such demand acceptance or receipt
26
28
[MAP]
29
[FLOOR PLAN]
30
[FLOOR PLAN]
31
[FLOOR PLAN]
32
(7) Nothing herein contained shall operate to grant by implication or
otherwise any estate right or easement not hereby expressly granted by the
Landlord
(8) The provisions of Section 196 of the Law of Property Xxx 0000 as
amended by the Recorded Delivery Service Xxx 0000 shall apply to any
notices served pursuant to or in connection with this Lease as if such
notices were notices required or authorised under the said Acts
(9) All references in this Lease to amounts (including rent) payable by the
Tenant to the Landlord shall be construed as references to such amounts
exclusive of Value Added Tax and the Tenant shall pay to the Landlord in
addition to any such amount any Value Added Tax payable on that amount
(10) This Lease shall be governed by and subject to the laws of England and
Wales and the parties hereby submit to the jurisdiction of the Courts
thereof
IN WITNESS whereof the parties hereto have executed this Lease the day and
year above written
THE FIRST SCHEDULE
PART I
Description of the Demised Premises
The entire building and premises including all walls foundations roofs boilers
plant machinery and lifts therein with the car parking spaces and flower beds
and walls thereof known as 0 Xxx Xxxxxx Xxxx Xxxxxxxxx as the same are shown
for identification purposes only edged red on the plan A annexed hereto TOGETHER
27
33
with the benefit of the covenants on the part of the Grantee contained or
referred to in a Deed dated the Twenty-first day of November One thousand nine
hundred and sixty and made between Xxxx Xxxxxxx Xxxxx Xxxxxx Xxxxxxxx Fleetwood
Xxxxxx and Xxxxxx Xxxxxxxx Xxxxx (1) and Rodwell Estates Limited (2)
PART II
Matters to which Lease is subject
All matters contained or referred to in the Charges Register of the Landlord's
freehold title no NGL 518559
THE SECOND SCHEDULE
Provisions as to Rent Review
1. (a) The Landlord may require a review of the Yearly Rent at each of the
Review Dates by notice (hereinafter called "a Review Notice") specifying
the relevant Review Date given to the Tenant at any time before the
relevant Review Date in which event the Yearly Rent payable as from the
relevant Review Date shall be the higher of (i) the Yearly Rent payable
immediately before such Review Date and (ii) the rack rental value of the
Demised Premises at the relevant Review Date
(b) If no Review Notice specifying a particular Review Date shall have been
given to the Tenant before such Review Date then at any time thereafter the
Landlord may give a Review Notice to the Tenant specifying such Review Date
but save as provided in paragraph 2 of this Schedule such notice shall
otherwise take effect as if the Review Notice had been given before the
relevant Review Date and this Schedule shall be construed accordingly
28
34
2. If during any period whilst Rent Restriction Legislation is in force the
Landlord shall be precluded by such Legislation from requiring the Tenant to pay
the full amount of the Yearly Rent payable immediately before the commencement
of such period or of the Yearly Rent payable as from any Review Date occurring
during that period or if no review of rent shall for any reason whatsoever be
carried out in respect of a Review Date falling within that period the Landlord
may on each occasion during such period when such Legislation makes it lawful
for the Landlord to require the Tenant to pay an increased amount of rent and
also on the occasion when such period comes to an end require a supplementary
review of the Yearly Rent by a Review Notice given to the Tenant before or not
later than six months after the relevant occasion in which event the Yearly Rent
payable as from the relevant occasion shall be the highest of (i) the Yearly
Rent payable immediately before such occasion (ii) the rack rental value of the
Demised Premises at such occasion and (iii) the greatest amount of yearly rent
it would have been lawful to charge for the Demised Premises pursuant to the
terms of such Legislation and for the purposes of the remaining provisions of
this Schedule each such occasion shall be deemed a Review Date
3. Rack rental value of the Demised Premises means such rent as may be agreed or
determined as hereinafter provided to be the yearly rent at which the Demised
Premises could reasonably be expected to be let in the open market by a willing
landlord to a willing tenant for a term equal to the term then unexpired not
29
35
being less than Fifteen years by means of a lease containing the same provisions
(other than as to the amount of the yearly rent but including the same
provisions for rent review) as are herein contained on the following
assumptions:-
(1) that the Demised Premises are in such condition as they would have
been in had the Tenant's covenants herein contained been fully complied
with at that date
(2) that if the Demised Premises have been destroyed or damaged
(whether by any of the Insured Risks or otherwise) they have been
completely reinstated
(3) that the Demised Premises are vacant and fit in all respects for
occupation and use by the Tenant and
(4) that there is disregarded any effect on rent or:-
(a) the Tenant or an underlessee or their respective
predecessors in title having been in occupation of the Demised
Premises
(b) goodwill attaching to the Demised Premises solely by
virtue of any business carried on thereat by the Tenant or an
underlessee or their respective predecessors in title or their
respective businesses
(c) any improvement lawfully carried out to the Demised
Premises by the Tenant or an underlessee or their respective
predecessors in title or their respective businesses at its
own expense not being an improvement carried out in pursuance
of an obligation to the Landlord or
(d) Rent Restriction Legislation
30
36
4. (1) If the Landlord and the Tenant fail to agree upon the rack rental
value of the Demised Premises within two months of receipt by the
Tenant of the Review Notice the same shall be determined by an
independent surveyor experienced in the letting and/or valuation of
premises of a similar nature to and situate in the same region as the
Demised Premises and put to a use the same as or similar to that of the
Tenant (hereinafter called "the surveyor") agreed upon by the Landlord
and the Tenant or failing agreement appointed on the application of
either of them by the President for the time being of the Royal
Institution of Chartered Surveyors and no delay however long in making
such application shall prejudice the right of the Landlord or the
Tenant to require the rack rental value to be determined as aforesaid
(2) The Surveyor shall notify the Landlord and the Tenant in writing of
his appointment and invite the parties to submit written
representations and/or valuations to him within such reasonable period
(being not longer than twenty-eight days) as he may specify
(3) The Surveyor shall act as an expert in reaching his decision and he
shall be obliged to consider any representations and/or valuations
submitted to him and his decision shall be final and binding on the
parties
(4) The fees of the Surveyor shall be paid as directed by the Surveyor
(5) If the Surveyor shall fail to reach a decision and give notice
thereof to the Landlord and the Tenant within three
31
37
months after his appointment or such longer period as the Landlord and
the Tenant may from time to time agree or if he shall relinquish his
appointment or die or if it shall become apparent that for any reason
he will be unable to complete his duties hereunder the Landlord and the
Tenant may apply to the said President for a substitute to be appointed
in his place which procedure may be repeated as many times as necessary
(6) If the said president shall for any reason not be available or be
unable or unwilling to make any appointment applied for pursuant to
this paragraph at the time of application therefor the appointment may
be made by the Vice-President or next senior officer of the said
Institution then available and able and willing to make such
appointment or if no such officer of the said Institution shall be
available and able and willing by such officer of such other
professional body of surveyors as the Landlord shall nominate and any
reference herein contained to the said President shall be deemed to
include a reference to such Vice-President or other officer
5. If the rent payable as from any Review Date shall not have been agreed
or determined by that Review Date the Tenant shall continue to pay rent at the
rate payable immediately before that Review Date but immediately upon the rent
payable as from that Review Date being agreed or determined shall pay to the
Landlord on demand the balance (if any) due from the Tenant in respect of the
period from that Review Date to the Quarter Day next after the rent payable as
from that Review Date shall have been agreed
32
38
or determined together with interest on such balance at the Prescribed
Rate calculated on a day-to-day basis for the period from that Review
Date to the date of payment of such balance
6. A Memorandum in such form as the Landlord's Solicitors shall
reasonably require recording the amount of the Yearly Rent payable
from the review date shall be endorsed on the Lease and on the
Counterpart Lease and each party shall bear its own costs in connection
therewith
THE COMMON SEAL of BRIDGER
PROPERTIES LIMITED was hereunto
affixed in the presence of:
[SEAL]
/s/ [ILLEGIBLE] Director
/s/ [ILLEGIBLE] Secretary
THE COMMON SEAL of NEWS
INTERNATIONAL PLC was
hereunto affixed in the
presence of:
Director
Secretary
33
39
DATED 1997
------------------------------------------
XXXXXXX ESTABLISHMENT
To
XXXX TELEPUBLISHING LIMITED
[COUNTERPART]
LICENCE
To make alterations at
0 Xxx Xxxxxx Xxxx
Xxxxxxxxx Xxxxxxxxx
XXXXXXXXX ENGLEFIELD
00 Xxx Xxxxxx
Xxxxxx XX0X 0XX
Tel: 0000 000 0000
Fax:0000 000 0000
Ref: DRL/mt/Xxxxxxx.Lic
40
THIS DEED is made the day of One thousand
nine hundred and ninety seven BETWEEN XXXXXXX ESTABLISHMENT OF VADUZ whose
address for service in the United Kingdom is at 00 Xxx Xxxxxx Xxxxxx XX0X 0XX
(hereinafter called the Landlord") of the one part and XXXX TELEPUBLISHING
LIMITED registered number 181427 whose registered office is at Xxxxxx Xxxxxx
Xxxxxxxxx Xxxxxxxxxxxx XX0 0XX (hereinafter called the Tenant) of the other part
/s/ [ILLEGIBLE]
WHEREAS:
(1) By a Lease (hereinafter called "the Lease") short particulars whereof
appear in the First Schedule ALL THAT the premises described in the
Second Schedule (hereafter called "the demised premises") TOGETHER
WITH the rights set out in the Lease were demised for the term and at
the yearly rent as in the Lease set out and subject to the tenant's
covenants and conditions and to the exceptions and reservations therein
contained
(2) The Lease contained a covenant on the part of the Tenant inter alia not
without the prior written consent of the landlord to make any
alterations or additions to the plan or elevation of the demised
premises
(3) The Tenant is desirous of carrying out certain works and alterations to
the demised premises in accordance with the attached drawing prepared
by Weatherglaze and numbered 2KBR/I 2KBR/2(a) 2KBR/3 2KBR/4 and 2KBR/7
(hereinafter called "the drawings") full particulars whereof appear in
the Third Schedule all such work and alterations being hereinafter
referred to as "the works" and has requested the Landlord to grant a
licence to execute the works which the Landlord has agreed to do in
consideration of the Tenant entering into the covenants and subject to
the terms hereinafter contained
(4) This Deed is supplemental to the Lease
41
NOW THIS DEED WITNESSES as follows:-
1. IN pursuance of the said agreement and in consideration of the
covenants on the part of the Tenant hereinafter contained the Landlord at the
request of the Tenant hereby gives licence and authority to the execution of the
works at the demised premises
2. IN consideration of the licence hereinbefore contained the Tenant for
Itself and its successors in title HEREBY COVENANTS with the Landlord as
follows:-
2.1 To carry out the works with due diligence and speed within three months
from the date hereof strictly in accordance with the drawing and the
particulars set out in the Third Schedule and in accordance with the
provisions of Planning Consent dated 20th February 1997 issued by the
London Borough of Hounslow and with good quality materials and in a
good and workmanlike manner and with due regard to modern standards of
building and workmanship to the reasonable satisfaction of the surveyor
to the Landlord whose proper fees together with V.A.T. thereon shall be
borne by the Tenant and to make good to the like satisfaction all
damage caused directly or indirectly by the carrying out of the works
It is AGREED AND DECLARED that by expressing such satisfaction the
2
42
obligations of the Tenant hereunder shall not be affected or lessened
in any way
2.2 To do all things necessary and make all payments required for obtaining
all necessary consents for the works including the consents of the
local and/or any other authority (including any Utility) and also the
Insurance Company with which the demised premises are insured against
fire and to produce all necessary consents to the Landlord before
commencing any part of the works
2.3 To observe and perform all statutory requirements and any conditions
imposed by any of the consents referred to in sub--clause 2.2 hereof
and any conditions and requirements of the insurers of the demised
premises as a result of the carrying out of the works and to pay to the
landlord any increased insurance premium payable in respect of the
demised premises and/or the building (without prejudice to any other
obligation imposed by the Lease) occasioned by the works
2.4 Without prejudice to any other provision hereof
2.4.1 to obtain the consent of the Fire Officer to the works and the
mode of execution thereof
2.4.2 to observe and perform any requirements of the Fire Officer
and the Fire Authority in relation to the works and in
particular but without prejudice to the generality of the
foregoing not to impede the fire escape routes from the
demised premises
2.4.3 not to do anything which may infringe the Fire Certificate for
the demised premises
3
43
2.4.4 to comply with any applIcable code of building practice
2.4.5 to carry out the works in a manner which causes the least
possible inconvenience or annoyance to the owners or occupiers
of any neighbouring premises
2.5 During the execution of the works
2.5.1 to keep all materials and equipment stored inside the demised
premises
2.5.2 not to cause or permit
2.5.2.1 any damage disturbance annoyance nuisance or
inconvenience whether by noise dust vibration the
emission of smoke fumes or effluvia or otherwise to
the Landlord or to the owners or occupiers of any
adjoining or neighbouring property
2.5.2.2 any damage or disturbance to or weakness or render
unsafe the structure of the demised premises or any
adjoining or neighbouring property or any plant or
machinery at the demised premises
2.5.2.3 the infringement interruption or destruction of any
right easement or privilege
2.5.2.4 the interruption of any service to or from adjoining
or neighbouring property
2.6 The Tenant hereby admits that this Licence and the Lease constitute a
valuable consideration for the covenants on the part of the Tenant
herein contained to execute and complete the works and that the Tenant
shall
4
44
not be entitled to compensation in respect thereof upon quitting the
demised premises or at any other time
2.7 To indemnify and keep fully and effectively indemnified the Landlord
and the occupiers of any adjoining or neighbouring premises and all
persons who are at any time present thereon or have any interest
therein from and against damage or injury thereto and to themselves and
to their respective property and from and against all costs claims
demands proceedings and liability whatsoever incurred by or made
against any of them directly or indirectly resulting from or arising
out of the works or any breach or non-observance or non-performance
of the covenants on the Tenant's part herein contained and any injury
or damage (including death) whether to person or property real or
personal arising out of or in any way connected with the granting of
this Licence or the construction or use of the works
2.8 If required by the Landlord on the happening of any of the following
events the Tenant will at its own cost reinstate the demised premises
to their former condition and carry out such works of reinstatement to
the satisfaction and under the supervision of the surveyor to the
landlord Whose proper fees in connection with the supervision of such
work shall be borne by the Tenant The said events are:-
2.8.1 the expiration or sooner determination of the Lease
2.8.2 when this Licence becomes void or voidable
5
45
3. PROVIDED ALWAYS AND IT IS HEREBY EXPRESSLY AGREED AND DECLARED THAT:-
3.1 Nothing in this Deed shall authorise the carrying out of any works
other than the works herein provided and if the works shall not be
completed to the satisfaction of the surveyor to the Landlord within
three months from the date hereof then the Licence and authority given
by this Deed to carry out the works shall at the option of the Landlord
exercisable in writing be voidable and
3.2 When the carrying out of the works has been completed the restrictions
and other covenants on the part of the Tenant and the provisions
contained in the Lease shall be applicable to the demised premises in
their then altered state in the same manner and as fully and
extensively as if the demised premises had contInued in the same state
as the same are at present
3.3 During the following the execution of the works all covenants on the
part of the Tenant contained herein shall be deemed to be incorporated
into the Lease and the rights of re-entry contained in the Lease shall
be construed and have effect accordingly
3.4 The works are not improvements for the purposes of the Landlord and
Xxxxxx Xxx 0000 Part I and are carried out by the Tenant to suit its
own personal requirements and neither the Tenant nor any other persons
shall be entitled to compensation in respect of them at the expiry or
sooner determination of the term of the Lease or at any other time
3.5 The works shall be disregarded on any review of the rent under the
Lease.
6
46
4. THE proper costs of the preparation and completion of this Deed in
duplicate and all disbursements including stamp duty and surveyor's fees and all
Value Added Tax shall be borne by the Tenant
6. REFERENCES to "the Landlord" and "the Tenant" shall include their
respective successors in title
6. ON completion of this Deed the Tenant shall cause a memorandum to be
indorsed on the Lease in the following form:
MEMORANDUM by a Deed dated 1997 the
Landlord consented to certain alterations to the demised premises and the Tenant
covenanted to reinstated as mentioned in the Deed"
IN WITNESS whereof the parties hereto have executed these presents as a Deed and
delivered them the day and year first before written
THE FIRST SCHEDULE HEREINBEFORE REFERRED TO
Date of Lease: 1st September 1987
Landlord: Bridger Properties Limited
Tenant: News International plc
Term: 25 years from 24th June 1987
Rent: Initial Rent L.320,000 per annum
7
47
THE SECOND SCHEDULE HEREINBEFORE REFERRED TO
(being the demised premises)
ALL THAT building and premises known as Number 0 Xxx Xxxxxx Xxxx
Xxxxxxxxx Xxxxxxxxx
THE THIRD SCHEDULE HEREINBEFORE REFERRED TO
(being the works)
Erection of a conservatory to the rear of the existing building
SIGNED on behalf of XXXXXXX )
ESTABLISHMENT by [ )
] )
duly authorised in that behalf )
THE COMMON SEAL of XXXX )
TELEPUBLISHING LIMITED )
Was hereunto affixed as a Deed )
In the presence of: )
Director [ILLEGIBLE]
[SEAL]
Director [ILLEGIBLE]
8
48
RENT REVIEW MEMORANDUM
Date of Lease : 1 September 1987
Demised Premised : Xxxxx Xxxxx, 0 Xxx Xxxxxx Xxxx, Xxxxxxxxx,
Xxxxxxxxx
Landlord : Bridger Properties Limited
Present Landlord : Xxxxxxx Establishment
Tenant : News International plc
Present Tenant : REZsolutions Limited
The Landlord and the Tenant hereby declare that the rent reserved by the above
mentioned Lease has been reviewed in accordance with its provisions and will
remain at (pound)340,000 per annum as from 24 June 1997 until the next review
date thereunder.
Signed /s/ [ILLEGIBLE]
---------------------------------
On behalf of Xxxxxxx Establishment
Signed /s/ [ILLEGIBLE]
---------------------------------
On behalf of REZsolutions Limited
Dated this 18th day of June l998
49
DATED 26th OCTOBER 1989
XXXXXXX ESTABLISHMENT
- to -
NEWS INTERNATIONAL PLC
- and -
XXXX INTERNATIONAL PLC
-------------------
LICENCE TO ASSIGN
premises at
0 Xxx Xxxxxx Xxxx
Xxxxxxxxx Xxxxxxxxx
-------------------
Xxxxxxxxx Englefield & Xxxxx
00 Xxxxx Xxxxxx Xxxxxx
Xxxxxx X0X 0XX
Ref: CLO/12332/1
CLO/5119Q(v2) 17071989
50
THIS DEED made the 26th day of October One thousand nine hundred and eighty-nine
BETWEEN XXXXXXX ESTABLISHMENT of PO Box 136 Sarnia House Le Truchot St Xxxxx
Port Guernsey Channel Islands (hereinafter called "the Landlord") of the first
part NEWS INTERNATIONAL PLC whose registered office is situate at XX Xxx 000 0
Xxxxxxxx Xxxxxx Xxxxxx X0 0XX (hereinafter called "the Tenant") of the second
part and XXXX INTERNATIONAL PLC whose registered office is at Xxxx Xxxxx 0
Xxxxxxxxxxxx Xxxxxxx Xxxxxx X0X 0XX (hereinafter called "the Assignee") of the
third part
WHEREAS:-
(1) By a Lease (hereinafter called "the Lease") short particulars whereof appear
in the First Schedule hereto ALL THAT the premises described in the Second
Schedule hereto (hereinafter called "the demised premises") TOGETHER WITH the
rights set out in the Lease were demised to the Tenant for the term and at the
yearly rent as in the Lease set out and subject to the tenant's covenants and
conditions and to the exceptions and reservations therein contained
(2) The Lease contains restrictions on the right of the Tenant to assign
(3) The reversion immediately expectant upon the determination of the term
created by the Lease is now vested in the Landlord
(4) The term created by the Lease is still vested in the Tenant
51
(5) The Tenant desires to assign the demised premises to the Assignee for the
unexpired residue of the term created by the Lease and the Tenant has requested
the Landlord to grant a Licence for this purpose which the Landlord has agreed
to do in consideration of the Assignee entering into the covenant hereinafter
contained
NOW THIS DEED WITNESSES as follows:
1. IN pursuance of the said agreement and in consideration of the covenants on
the part of the Assignee hereinafter contained the Landlord at the request of
the Tenant hereby gives Licence and Authority to the assignment by the Tenant to
the Assignee of ALL THAT the estate of the Tenant in the Lease PROVIDED that
this Licence is restricted to the particular Assignment hereby authorised and
that save as aforesaid the covenants in the Lease against assignment or
underletting shall remain in full force and effect and PROVIDED FURTHER that
this Licence shall lapse unless the Assignment hereinbefore permitted shall have
been registered with the Solicitors for the Landlord as required by the Lease
within twenty-one days from the date thereof
2. IN consideration of the Licence hereinbefore contained the Assignee HEREBY
COVENANTS with the Landlord that as from the date when the Tenant's estate and
interest in the Lease shall be assigned to the Assignee pursuant to the Licence
hereinbefore contained and thenceforth during the residue of the term granted by
the Lease the Assignee will pay the respective rents reserved by the Lease and
all other sums and payments therein
52
covenanted to be paid by the tenant at the respective times and in manner
therein appointed for the payment thereof and further covenants with the
Landlord duly to observe and perform the several covenants and conditions on the
part of the Tenant therein contained
3. THE landlord's legal costs in the preparation of this deed in duplicate plus
value added tax shall be borne by the Tenant
4. THE Lease shall be deemed varied to the effect that the words "NEWS
INTERNATIONAL PLC" appearing in clause 3(21)(d) on page 19 shall be deemed
deleted and replaced by the words "XXXX INTERNATIONAL PLC"
IN WITNESS whereof the parties hereto have executed these presents the day and
year first above written
THE FIRST SCHEDULE above referred to
(being short particulars of the Lease)
1. Date of Lease: 1st September 1987
2. Landlord: Bridger Properties Limited
3. Tenant: News International Plc
4. Term: 25 years from the 24th day of June
1987
5. Rent: L.320,000 p.a. (subject to review)
THE SECOND SCHEDULE above referred to
(Being the premises demised by the Lease)
ALL that building and premises known as 0 Xxx Xxxxxx Xxxx Xxxxxxxxx Xxxxxxxxx
shown for identification purposes
53
only edged red on the Lease plan together with the rights but subject to the
covenants terms and conditions as in the Lease set out.
For LBI FINANZ ANSTALT
POSTFACH 70
FL 9490 VADUZ
LIECHTENSTEIN
SIGNED on behalf of ) /s/ [ILLEGIBLE]
XXXXXXX ESTABLISHMENT ) ---------------------------
by ) AUTHORISED SIGNATORIES
/s/ [ILLEGIBLE] Director
Authorised Signatory
THE COMMON SEAL of )
XXXX INTERNATIONAL PLC )
was hereunto affixed )
in the presence of:- )
Director
[SEAL]
Secretary
54
DATED 26th October 1989
-----------------------
XXXXXXX ESTABLISHMENT
-to-
NEWS INTERNATIONAL PLC
----------------------------
LICENCE
to make alterations at
0 Xxx Xxxxxx Xxxx
Xxxxxxxxx
Xxxxxxxxx
----------------------------
Xxxxxxxxx Englefield & Xxxxx
00 Xxxxx Xxxxxx Xxxxxx
Xxxxxx X0X 0XX
Tel: 00-000 0000 Telex: 23836
Ref: CLO/12332/l
CLO/5132Q(V2) 17071989
55
THIS DEED is made the 23rd day of October One thousand nine hundred and
eighty-nine BETWEEN XXXXXXX ESTABLISHMENT of X.X. Xxx 000 Xxxxxx Xxxxx Xx
Xxxxxxx Xx. Xxxxx Port Guernsey Channel Islands (hereinafter called "the
Landlord") of the one part and NEWS INTERNATIONAL PLC whose registered office is
situate at X.X. Xxx 000 0 Xxxxxxxx Xxxxxx Xxxxxx Xx 0XX (hereinafter called "the
Tenant") of the other part
WHEREAS:
(1) By a Lease (hereinafter called "the Lease") short particulars whereof appear
in the First Schedule hereto ALL THAT the premises described in the Second
Schedule hereto (hereinafter called "the demised premises") TOGETHER WITH the
rights set out in the Lease were demised to the Tenant for the term and the
yearly rent as in the Lease set out and subject to the Tenant's covenants and
conditions and to the exceptions and reservations therein contained
(2) The Lease contained a covenant on the part of the Tenant inter alia not
without the prior written consent of the Landlord such consent not to be
unreasonably withheld to make connections to the conducting media in the demised
premises
(3) The Tenant is desirous of making connections to the conducting media in the
demised premises full particulars whereof appear in the Third Schedule hereto
and in accordance with the drawing marked "A" annexed hereto all such work and
alterations being hereinafter referred to as
56
"the works" and has requested the Landlord to grant a licence to execute the
works which the Landlord has agreed to do in consideration of the Tenant
entering into the covenants and subject to the terms hereinafter contained NOW
THIS DEED WITNESSETH as follows:
1. IN pursuance of the said agreement and in consideration of the covenants on
the part of the Tenant hereinafter contained the Landlord at the request of the
Tenant hereby gives licence and authority to the execution of the works at the
demised premises in accordance with the said drawing
2. IN consideration of the licence hereinbefore contained the Tenant for itself
and its successors in title HEREBY COVENANTS with the Landlord as follows:-
(a) To carry out the works strictly in accordance with the particulars
set out in the Third Schedule hereto and the said drawing and with appropriate
materials and in a good and workmanlike manner to the reasonable satisfaction of
the surveyor to the Landlord whose fees shall be borne by the Tenant and to make
good to the like satisfaction all damage caused directly or indirectly by the
carrying out of the works
(b) To do all things necessary and make all payments required for
obtaining all necessary consents (if any) including the consent of the local
and/or any other authority and also the Insurance Company with which the demised
premises are insured against fire and to produce the same to the Landlord before
the works commence
57
[FLOORPLAN]
58
(c) The works shall become and remain the property of the Landlord
(subject to this Licence and the Lease)
(d) To observe any conditions imposed by the insurers of the demised
premises as a result of the works
(e) To indemnify and keep indemnified the Landlord from and against all
costs claims demands and liability whatsoever directly or indirectly resulting
from or arising out of the works or any breach or non-observance of the
covenants on the Tenant's part herein contained and any injury or damage whether
to person or property real or personal arising out of or in any way connected
with the granting of this licence or the construction or use of the works
(f) If reasonably required by the Landlord on the happening of any of
the following events the Tenant will at its own cost reinstate the demised
premises to their former condition and carry out such works of reinstatement to
the reasonable satisfaction and under the supervision of the surveyor to the
Landlord whose reasonable fees in connection with the supervision of such work
shall be borne by the Tenant The said events are:-
(i) the expiration or sooner determination of the Lease
(ii) when this Licence becomes void or voidable
3. PROVIDED ALWAYS AND IT IS HEREBY EXPRESSLY AGREED AND DECLARED THAT:-
(a) Nothing in this licence shall authorise the carrying out of any
works other than the works herein provided and if the works shall not be
completed to the
59
satisfaction of landlord and its surveyor within six months from the date hereof
then this Licence shall lapse
(b) When the carrying out of the works has been completed the
restrictions and other covenants on the part of the Tenant and the provisions
contained in the Lease shall be applicable to the demised premises in their then
altered state in the same manner and as fully and extensively as if the demised
premises had continued in the same state as the same are at present
4. THE reasonable costs of this Deed in duplicate and all disbursements
including reasonable surveyor's fees and all Value Added Tax shall be borne by
the Tenant
IN WITNESS whereof the parties hereto have executed these presents the day and
year first before written
THE FIRST SCHEDULE hereinbefore referred to
(being short particulars of the Lease)
Date of Lease: 1st September 1987
Landlord: Bridger Properties Limited
Tenant: News International Plc
Term: 25 years from the 24th day of June
1987
Rent: L.320,000 p.a. (subject to review)
THE SECOND SCHEDULE hereinbefore referred to
(being the demised premises)
ALL THAT building and premises known as 0 Xxx Xxxxxx Xxxx, Xxxxxxxxx, Xxxxxxxxx
shown for identification purposes only edged red on the Lease plan together with
60
the rights but subject to the covenants terms and conditions as in the Lease set
out
THE THIRD SCHEDULE hereinbefore referred to
(being the works)
Wiring of 38 electrical data and telephone sockets from existing riser
For LBI FINANZ ANSTALT
POSTFACH 70
FL 9490 VADUZ
LIECHTENSTEIN
SIGNED on behalf of ) /s/ [ILLEGIBLE]
XXXXXXX ESTABLISHMENT ) ---------------------------
by:- ) AUTHORISED SIGNATORIES
/s/ [ILLEGIBLE]
Authorised Signatory
THE COMMON SEAL of )
NEWS INTERNATIONAL PLC )
was hereunto affixed )
in the presence of:- )
[SEAL]
/s/ [ILLEGIBLE]
Director
/s/ [ILLEGIBLE]
Secretary
