1
--------------------------------------------------------------------------------
LEASE BETWEEN
EVERGREEN AMERICA CORPORATION
LANDLORD
AND
AXISTEL INTERNATIONAL, INC.
TENANT
--------------------------------------------------------------------------------
2
INDEX
ARTICLE 1. CERTAIN TERMS ............................................................................ 4
ARTICLE 2. DEMISED PREMISES ......................................................................... 6
ARTICLE 3. PREPARATION OF DEMISED PREMISES .......................................................... 6
ARTICLE 4. WHEN DEMISED PREMISES ARE READY FOR OCCUPANCY ............................................ 6
ARTICLE 5. RENT ..................................................................................... 7
ARTICLE 6. EXPENSE ESCALATION ....................................................................... 8
ARTICLE 7. ELECTRICAL ENERGY ........................................................................ 13
ARTICLE 8. VENTILATION AND AIR CONDITIONING ......................................................... 14
ARTICLE 9. LANDLORD'S OTHER SERVICES ................................................................ 15
ARTICLE 10. USE ...................................................................................... 17
ARTICLE 11. ACCESS, CHANGES IN BUILDING FACILITIES, NAME ............................................ 19
ARTICLE 12. TENANT'S CHANGES ......................................................................... 20
ARTICLE 13. TENANT'S PROPERTY ........................................................................ 22
ARTICLE 14. REPAIRS AND MAINTENANCE .................................................................. 23
ARTICLE 15. SECURITY DEPOSIT ......................................................................... 24
ARTICLE 16. INSURANCE ................................................................................ 24
ARTICLE 17. SUBORDINATION, ATTORNMENT, NOTICE TO LESSOR AND MORTGAGEES ............................... 26
ARTICLE 18. ASSIGNMENT, MORTGAGING, SUBLEASING ....................................................... 27
ARTICLE 19. COMPLIANCE WITH LAWS AND REQUIREMENTS OF PUBLIC AUTHORITIES; RULES AND REGULATIONS ....... 29
ARTICLE 20. QUIET ENJOYMENT .......................................................................... 29
ARTICLE 21. NON-LIABILITY AND INDEMNIFICATION ........................................................ 30
ARTICLE 22. DESTRUCTION AND DAMAGE ................................................................... 31
- 2 -
3
ARTICLE 23. EMINENT DOMAIN ........................................................................... 32
ARTICLE 24. SURRENDER ................................................................................ 33
ARTICLE 25. CONDITIONS OF LIMITATION ................................................................. 34
ARTICLE 26. RE-ENTRY BY LANDLORD - DEFAULT PROVISIONS ................................................ 35
ARTICLE 27. DAMAGES .................................................................................. 35
ARTICLE 28. WAIVERS .................................................................................. 37
ARTICLE 29. NO OTHER WAIVERS OR MODIFICATIONS ........................................................ 37
ARTICLE 30. DURING TENANT'S DEFAULTS, ADDITIONAL RENT ................................................ 38
ARTICLE 31. NOTICES .................................................................................. 39
ARTICLE 32. ESTOPPEL CERTIFICATE, MEMORANDUM ......................................................... 39
ARTICLE 33. NO OTHER REPRESENTATIONS, CONSTRUCTION, GOVERNING LAW .................................... 40
ARTICLE 34. PARTIES BOUND ............................................................................ 40
ARTICLE 35. SHORING AND NOTICE OF ACCIDENT AND DAMAGE ................................................ 41
ARTICLE 36. VAULT, VAULT SPACE, AREA ................................................................. 41
ARTICLE 37. INABILITY TO PERFORM ..................................................................... 41
ARTICLE 38. LIABILITY OF LANDLORD .................................................................... 42
ARTICLE 39. BROKERAGE ................................................................................ 42
ARTICLE 40. RENEWAL OPTION ........................................................................... 42
ARTICLE 41. MISCELLANEOUS PROVISIONS ................................................................. 43
EXHIBIT A DEMISED PREMISES ......................................................................... 44
EXHIBIT B RULES AND REGULATIONS .................................................................... 45
EXHIBIT C TENANT'S WORK ............................................................................ 49
EXHIBIT C-1 BUILDING RULES AND REGULATIONS FOR TRADES CONDUCTING OPERATIONS .......................... 50
EXHIBIT C-2 INSURANCE REQUIREMENTS FOR TRADES CONDUCTING OPERATIONS IN THE BUILDING .................. 52
EXHIBIT D CLEANING STANDARDS ....................................................................... 53
- 3 -
4
OFFICE LEASE
AGREEMENT OF LEASE, made the day of December, 0000, xxxxxxx XXXXXXXXX
XXXXXXX CORPORATION, a New Jersey Corporation, (hereinafter called the
"Landlord") and AXISTEL INTERNATIONAL, INC., "Tenant", as hereinafter defined.
ARTICLE I -- CERTAIN TERMS
1.01 The following terms shall have the meanings set forth opposite
each of them, provided that if "None" is set forth opposite any term, then the
provision of the Lease applicable to such term shall be considered deleted and
of no force and effect.
"Tenant" --
a corporation organized under the laws of the State of Delaware, about
to have its offices at Xxx Xxxxxxxxx Xxxxx, Xxxxxx Xxxxx, Xxxxxx Xxxx,
Xxx Xxxxxx 00000.
"Term" --
The period beginning on the Commencement Date and ending at noon on the
Expiration Date.
"Occupancy Date" --
Upon the signing of this Lease by all parties and the delivery of the
Security Deposit and the Prepaid Rent.
"Commencement Date" --
March 1, 1999.
"Expiration Date" --
The last day of the calendar month in which occurs the end of a ten
(10) year period from the Commencement Date (if the Commencement Date
shall occur on a day other than the first day of a calendar month such
period shall run and be measured from the first day of the calendar
month following the Commencement Date) or ending on an earlier date on
which this Lease may expire or be cancelled or terminated pursuant to
the terms of this Lease.
"Fixed Rent" --
Years One (1) through Five (5) - Two Hundred Eighty Thousand Eight
Hundred Dollars ($280,800.00) per year, payable in monthly installments
of $23,400.00, (as adjusted in accordance with this Lease).
Years Six (6) through Ten (10) - Three Hundred Two Thousand Four
Hundred Dollars ($302,400.00) per year payable in monthly installments
of $25,200.00, (as adjusted in accordance with this Lease).
"Building" --
The Building located in the City of Jersey City, County of Xxxxxx and
State of New Jersey and known as Xxx Xxxxxxxxx Xxxxx, Xxxxxx Xxxx, Xxx
Xxxxxx.
- 4 -
5
"Demised Premises" --
That space on the eighth (8th) floor of the Building delineated on the
floor plan attached hereto as Exhibit A, the total area of which is the
Tenant's Floor Space.
"Tenant's Floor Space" --
The total number of square feet of space in the Demised Premises,
which, for purposes of this Lease, the parties agree and stipulate is
10,800 square feet.
"Total Building Floor Space" --
The total number of square feet of space in the Building, which, for
purposes of this Lease, the parties agree and stipulate is 314,503
square feet.
"Tenant's Share" --
3.434%; which is the percentage resulting from dividing the Tenant's
Floor Space by the Total Building Floor Space.
"Security Deposit" --
$46,800.00 deposited pursuant to Article 15 hereof.
"Rent Prepayment" --
$23,400.00 to be applied toward the first month installment of Fixed
Rent.
"Permitted Use" --
General offices, location and installation of Tenant's business
equipment and uses related to its business.
"A.C. Charge" --
$75.00 per hour for additional air conditioning pursuant to Article
8.01 hereof.
"H. Charge" --
$75.00 per hour additional heating pursuant to Article 8.01 hereof.
"Broker" --
Xxxxx Realty, Inc. which Tenant represents and warrants is the sole
Broker with whom it has dealt in this transaction, and based thereupon
Landlord agrees to pay a brokerage commission in accordance with a
separate agreement between Landlord and Broker.
"Regular Business Hours" --
8:00 a.m. to 6:00 p.m. Monday through Friday; 8:30 a.m. to 12:30 p.m.
on Saturday, except where such days are observed by the Federal or the
New Jersey State government as legal holidays, or as union holidays.
"Number of Parking Spaces" --
Tenant shall have the right to lease up to ten (10) exterior parking
spaces at additional rent of $140.00 for each parking space, payable
monthly. Notwithstanding the foregoing, Landlord may increase the rent
for exterior parking spaces from time to time during the term of this
Lease after the first year of the Term of this Lease. In the event
Landlord builds a parking structure, Tenant's parking shall be
relocated to such parking structure and Tenant shall have the right to
lease up to the same number of exterior parking spaces leased by Tenant
prior to the building of the parking structure at additional rent as
determined by Landlord for each parking space, payable monthly.
Notwithstanding the foregoing, Landlord may increase the rent for
parking spaces in a parking structure from time to time during the term
of this Lease after the first year of operation of the parking
structure.
- 5 -
6
1.02 Electrical energy consumed by Tenant in the Demised Premises
through wall and floor outlets, for lighting and business equipment shall be
purchased by Tenant as provided in Article 7.
ARTICLE 2 -- DEMISED PREMISES
2. 01 Landlord hereby leases to Tenant, and Tenant hereby hires from
Landlord, the Demised Premises for the Term, for the rents hereinafter reserved
and upon and subject to the conditions (including limitations, restrictions and
reservations) and covenants hereinafter provided. Each party hereto agrees to
observe and perform all of the conditions and covenants herein contained on its
part to be observed and performed.
2.02 The general location, size and layout of the Demised Premises are
outlined on Exhibit A, but Exhibit A shall not be deemed to be a warranty,
representation or agreement on the part of Landlord that the Demised Premises
and the Building will be exactly as indicated on Exhibit A.
2.03 Nothing herein contained shall be construed as a grant or demise by
Landlord to Tenant of the roof or exterior walls of the Building, of the space
above and below the Demised Premises, of the parcel of land on which the Demised
Premises are located, and/or of any parking or other areas adjacent to the
Building.
ARTICLE 3 -- PREPARATION OF THE DEMISED PREMISES
3.01 Tenant shall cause to be substantially performed all the work in
the Demised Premises as set forth in Exhibit C to be annexed hereto and made a
part hereof (the "Tenant's Work"), upon the terms and conditions specified
therein. Landlord shall provide a work allowance in the amount of $160,000.00
payable to the contractor as part of the cost of the work. Tenant shall pay to
the contractor the balance of the cost of work. Payment by each party shall be
in proportion to the total cost of the Work divided into each party's
contribution, payable to the Contractor against each invoice submitted for costs
actually incurred or materials actually delivered upon delivery to each party of
evidence of the Work completed.
3.02 All of Tenant's duties and obligations set forth in Article 12
(relating to Tenant's duties and obligations in making Tenant's Changes) shall
be applicable to and binding upon Tenant with respect to any such work.
3.03 Tenant's final plans, specifications and drawings covering all
such work are to be attached hereto as Exhibit C. Tenant shall not commence any
work referred to in Exhibit C until such plans, specifications, and drawings
have been received, receipted and approved by Landlord. Landlord shall respond
to Tenant's request for approval within seven (7) business days of Landlord's
receipt of such plans, specifications and drawings.
ARTICLE 4 -- WHEN DEMISED PREMISES ARE READY FOR
OCCUPANCY
4.01 The Demised Premises shall be deemed ready for occupancy on March
1, 1999. Tenant shall be responsible to secure a Certificate of Occupancy for
the Demised Premises at Tenant's sole cost and expense.
4.02 On the Occupancy Date or at such time as Tenant shall take actual
possession of the whole or part of the Demised Premises, whichever shall be
earlier, it shall be conclusively presumed that the same were as of the
Occupancy Date or the date or
- 6 -
7
dates of such taking of possession, in the condition in which Landlord was
required to deliver the Demised Premises under this Lease, unless within thirty
(30) days after such date Tenant shall have given Landlord notice specifying in
which respects the Demised Premises were not in satisfactory condition. However,
nothing contained in this Section shall be deemed to relieve Landlord from, and
Landlord shall perform its obligation to complete, with reasonable speed and
diligence, such details of construction, mechanical adjustment and decoration,
if any, as Landlord shall be required to perform under this Lease and as shall
have been unperformed at the time Tenant took actual possession, but Tenant
shall not be entitled to any rent abatement on account of any such incomplete
work.
4.03 If prior to the Commencement Date, Tenant shall enter the Demised
Premises to make any installations of its equipment, fixtures and furnishings,
Landlord shall have no liability or obligation for the care or preservation of
Tenant's property and Tenant shall not interfere with Landlord or Landlord's
contractors.
4.04 Landlord agrees to provide access by the telephone company during
the course of construction to permit Tenant's installation of telephones.
Notwithstanding the foregoing, the parties agree that the failure by the
telephone company to complete the telephone installation and to provide service
on the date that the Demised Premises are otherwise substantially complete (as
hereinabove defined) or occupied by Tenant, shall not delay or defer the
determination of the Commencement Date and the obligation to pay rent
thereafter.
ARTICLE 5 -- RENT
5.01 Tenant shall pay to Landlord without notice or demand and without
abatement, deduction or set-off, in lawful money of the United States of
America, at the office of the Landlord as set forth in Article 1 hereof, or at
such other place as Landlord may designate, the Fixed Rent reserved under this
Lease for each year of the Term, payable in equal monthly installments in
advance on the first day of each and every calendar month during the Term; and
additional rent consisting of all such other sums of money as shall become due
from and payable by Tenant to Landlord hereunder (for default in payment of
which Landlord shall have the same remedies as for a default in payment of Fixed
Rent).
5.02 Tenant shall pay the Fixed Rent and additional rent herein
reserved promptly as and when the same shall become due and payable under this
Lease and shall be liable to the Landlord for an administrative charge of 4% for
rent paid five (5) days subsequent to the date set in Article 5.01. If the
Commencement Date shall occur on a day other than the first day of a calendar
month the Fixed Rent and additional rent shall be prorated for the period from
the Commencement Date to the last day of the said calendar month and shall be
due and payable on the Commencement Date. Notwithstanding the provisions of the
next preceding sentence, Tenant shall pay on account toward the first full
calendar month installment(s) of Fixed Rent, on the execution of this Lease, the
Rent Prepayment specified in Article 1 hereof.
5.03 Whenever used in this Lease, the term (insofar as it pertains to
this Lease) "fixed rent", "minimum rent", "base rent" or "basic rent", or any
such term using the word "rental", "rents" or "rentals" in lieu of "rent", shall
mean Fixed Rent; and whenever used in this Lease, the term (insofar as it
pertains to this Lease) "rent", "rental", "Rent" or the plural of any of them,
shall mean Fixed Rent and additional rent.
- 7 -
8
ARTICLE 6 -- EXPENSE ESCALATION
6.01 Tenant shall pay to Landlord, as additional rent, Expense
Escalation in accordance with this Article:
A. Definitions: for the purpose of this Article, the following
definitions shall apply:
(i) The term "Expense Base Factor" shall mean the Expenses as
hereinafter defined for the calendar year 1999.
(ii) The term "comparative year" shall mean the full calendar year in
which, the term of this Lease commences, and each subsequent calendar year
during the Term of this Lease.
(iii) The term "Expenses" shall mean the total of all the costs and
expenses incurred or borne by Landlord with respect to the operation and
maintenance of the Building and the services provided tenants therein including,
but not limited to, the costs and expenses incurred for and with respect to:
water rates and sewer rents; air-conditioning, ventilation and heating; any and
all electricity costs not paid directly to the Landlord by the tenants of the
Building (including Tenant); maintenance of the Building's exterior surfaces;
elevator cabs, lobby maintenance and cleaning; protection and security; lobby
decoration and interior and exterior landscape maintenance; repairs,
replacements and improvements which are appropriate for the continued operation
of the Building as a first-class office Building; maintenance; painting of
non-tenant areas; insurance; supplies; employee salaries and benefits;
administrative expenses; and the annual fee for management of the Building.
Provided, however, that the foregoing costs and expenses shall exclude
or have deducted from them, as the case may be and as shall be appropriate:
(a) leasing commissions and other leasing expenditures;
(b) expenditures of capital improvements except those which under
generally accepted real estate practice are expensed or regarded as deferred
expenses and except for capital expenditures required by law, in either of which
case the cost thereof shall be included in Expenses for the comparative year in
which the costs are incurred and subsequent comparative years, on a straight
line basis, to the extent that such items are amortized over an appropriate
period, but not more than five years, with an interest factor equal to the prime
rate of Citibank at the time of Landlord's having incurred said expenditure.
(c) amounts received by Landlord through proceeds of insurance to the
extent that the proceeds are compensation for expenses which would be or were
previously included in Expenses hereunder;
(d) cost of repairs or replacements incurred by reason of fire or other
casualty or eminent domain;
(e) advertising and promotional expenditures;
(f) legal fees for disputes with tenants and legal and auditing fees,
other than legal and auditing fees reasonably incurred in connection with the
maintenance and operation of the Building or in connection with the preparation
of statements required pursuant to additional rent or lease escalation
provisions; and
(g) costs incurred in performing work or furnishing services for
individual tenants (including Tenant) at such tenant's expense to the extent
that such work or service is in excess of any work or service Landlord at its
expense is obligated to furnish to Tenant;
- 8 -
9
If Landlord shall purchase any item of capital equipment or make any
capital expenditure designed to result in savings or reductions in Expenses,
then the costs for same shall be included in Expenses. The costs of capital
equipment or capital expenditures are so to be included in Expenses for the
comparative year in which the costs are incurred and subsequent comparative
years, on a straight line basis, to the extent that such items are amortized
over such period of time as reasonably can be estimated as the time in which
such savings or reductions in Expenses are expected to equal Landlord's costs
for such capital equipment or capital expenditure, with an interest factor equal
to the prime rate of Citibank at the time of Landlord's having incurred said
costs. If Landlord shall lease any such item of capital equipment designed to
result in savings or reductions in Expenses, then the rentals and other costs
paid pursuant to such leasing shall be included in Expenses for the comparative
year in which they were incurred.
6.02 Commencing with the comparative year beginning January 1, 2000, if
the Expenses estimated in the manner provided in Article 6.03 for a comparative
year shall be greater than Expense Base Factor, Tenant shall pay to Landlord,
additional rent for such comparative year, in the manner hereinafter provided,
an amount equal to The Tenant's Share of the excess of the Expenses for such
comparative year over the Expense Base Factor (such amount being hereafter
called the "Expense Payment").
6.03 Commencing with the second comparative year, and each year
thereafter for the balance of the Lease term, thirty (30) days prior to the
commencement of each comparative year, Landlord will submit to Tenant Landlord's
Certified Public Accountant's estimate of projected expenses for such year as
provided in Article 6.04. The estimate shall also set forth the total projected
expenses, if any, due to Landlord from Tenant for such year pursuant to Article
6.02. The rendition of such estimate shall constitute prima facie proof of the
accuracy thereof. If such statement shows an Expense Payment due to Landlord
with respect to the forthcoming comparative year, one-twelfth of this amount
shall be payable monthly as additional rent, commencing with the first month of
such comparative year.
No later than sixty (60) days after the conclusion of each comparative
year Landlord shall deliver to Tenant a final statement from its Certified
Public Accountant as provided in Article 6.04 setting forth the actual Expenses
for the preceding year. Within thirty (30) days of Tenant's receipt of such
statement Landlord and Tenant will make an appropriate cash adjustment for any
underestimate or overestimate of Landlord's Expenses for the preceding
comparative year (which underestimate shall result in additional rent payable as
herein provided).
6.04 The estimated and final statements of Expenses to be furnished by
Landlord as provided above shall be certified by Landlord, and shall be prepared
in reasonable detail for the Landlord by a Certified Public Accountant (who may
be the Certified Public Accountant now or then employed by Landlord for the
audit of its accounts); said Certified Public Accountant may rely on Landlord's
allocations and estimates wherever operating cost allocations or estimates are
needed for this Article. The statements thus furnished to Tenant shall
constitute a final determination as between Landlord and Tenant of the Expenses
for the period represented thereby, unless Tenant within sixty (60) days after
they are furnished shall give a notice to Landlord that it disputes their
accuracy or their appropriateness, which notice shall specify the particular
respects in which the statement is accurate. Pending the resolution of such
dispute, Tenant as herein provided shall pay the additional rent to Landlord in
accordance with the statements furnished by Landlord. After payment of said
additional rent, Tenant shall have the right, during reasonable
- 9 -
10
business hours and upon not less than five (5) business days' prior written
notice to Landlord, to have Tenant's Certified Public Accountant examine
Landlord's books and records with respect to the foregoing, provided such
examination is commenced within thirty (30) days and concluded within sixty (60)
days following the rendition of the statement in question.
6.05 In any such dispute as to said statement Landlord and Tenant or
their respective Certified Public Accountants shall select a national "Big Six"
accounting firm whose determination shall be conclusive in the resolution of the
dispute.
6.06. Real Estate Tax Increase Payment.
(1) For each Tax Year (hereinafter defined) after the tax year ending
December 31, 1999 during the Term, Tenant shall pay, as additional rent, the Tax
Payment (hereinafter defined) for such Tax Year.
(2) Tax Definitions:
(a) The term "Real Estate Taxes" shall mean the sum of the real estate
taxes and assessments and special assessments imposed upon the Building and the
plot of land on which the Building stands (the "Land") and any rights or
interests appurtenant thereto payable by Landlord during any Tax Year or any
service charges or other payments in lieu of taxes imposed by any tax abatement
granted the Landlord and payable by the Landlord. If at any time during the Term
the methods of taxation prevailing at the time of the commencement thereof shall
be altered so that in lieu of or as an addition to or as a substitute for the
whole or any part of the taxes, assessments, levies, impositions or charges now
levied, assessed or imposed, there shall be levied, assessed or imposed a tax,
assessment, levy, imposition or charge wholly or partially as a capital levy or
on the rents, licenses or other charges received with respect to the Term, the
Land or the Building, then all such taxes, assessments, levies, impositions or
charges payable shall be deemed to be included within the term "Real Estate
Taxes" for the purposes hereof. A copy of the tax xxxx of The City of Jersey
City or other taxing authority imposing Real Estate Taxes on the Land or the
Building shall be sufficient evidence of the amount of Real Estate Taxes.
Notwithstanding the fact that the aforesaid additional rent is measured by Real.
Estate Taxes, such amount is additional rent and shall be paid by Tenant as
provided herein regardless of the fact that Tenant may be exempt, in whole or in
part, from the payment of any Real Estate Taxes by reason of Tenant's diplomatic
status or for any other reason whatsoever.
(b) The term "Base Tax Year" shall mean the tax year ending December
31, 1999.
(c) The term "Tax Year" shall mean each real estate fiscal tax year of
the City of Jersey City, New Jersey, following the Base Tax Year, any portion of
which occurs during the Term.
(d) The term "Tax Payment" shall mean Tenant's Share for the Demised
Premises of the amount by which the Real Estate Taxes payable for a Tax Year
exceed the Real Estate Taxes payable for the Base Tax Year, whether such
increase results from a higher tax rate or an increase in the assessed valuation
of the Land or the Building, or both or from any other cause or reason
whatsoever. Notwithstanding the foregoing if there is an increase in assessed
valuation of the Building resulting from an addition or improvement to the
Building by another tenant, then any increase in Real Estate Taxes attributable
to such increase shall not be included in the computation of Tax Payment
hereunder.
(3) With respect to each Tax Year occurring in whole or in part during
the term of the Term, Tenant shall pay to Landlord the
- 10 -
11
Tax Payment, in equal monthly installments during the calendar year in which
such Tax Year commences in the manner hereinafter described. At any time during
the calendar year in which a Tax Year commences, Landlord may furnish to Tenant
a written estimate (a "Tax Estimate") of the Tax Payment for such Tax Year
("Estimated Tax Payment"). Such estimate shall be determined by Landlord by
applying to the most recently announced assessed value of the Land and Building
(whether final or otherwise) such tax rate as Landlord shall anticipate is the
tax rate to be finally determined for such Tax Year, but such rate shall in no
event exceed by more than ten (10%) percent the then current tax rate. Subject
to adjustment as hereinafter provided, Tenant shall pay to Landlord on the first
day of each calendar month during such calendar year, an amount equal to
one-twelfth (1/12) of the Estimated Tax Payment for the Tax Year commencing
during such calendar year. If Landlord furnishes a Tax Estimate for a Tax Year
subsequent to the commencement of the calendar year in which such Tax Year
begins, then
(a) until the first day of the month following the month in which the
Tax Estimate is furnished to Tenant, Tenant shall continue to pay to Landlord on
the first day of each month an amount equal to the monthly sum payable by Tenant
to Landlord with respect to the next previous Tax Year.
(b) promptly after the Tax Estimate is furnished to Tenant, Landlord
shall give notice to Tenant stating whether the amount previously paid by Tenant
to Landlord during such calendar year was greater or less than the installments
of the Estimated Tax Payment to be paid during such calendar year in accordance
with the Tax Estimate, and
(i) if there shall be a deficiency, Tenant shall pay the amount thereof
within ten (10) days after demand therefor, or
(ii) if there shall have been an overpayment, Landlord shall credit the
amount thereof against the next monthly installments of the Fixed Annual Rent
payable under this Lease, and
(c) on the first day of the month following the furnishing of Tenant of
the Tax Estimate, and monthly thereafter until the rendering to Tenant of a Tax
Statement (hereinafter defined) for such Tax Year, Tenant shall pay to Landlord
an amount equal to one twelfth (1/12) of the amount shown on such Tax Estimate.
Promptly after the amount of Real Estate Taxes is established for a Tax Year,
(i) Landlord shall furnish to Tenant a written statement (a "Tax
Statement") setting forth the Tax Payment for such Tax Year, and stating whether
the sum of the installments previously paid by Tenant to Landlord pursuant to
the Tax Estimate or otherwise for such Tax Year was greater or less than the sum
of the installments of the Tax Payment to be paid for such Tax Year in
accordance with the Tax Statement,
(ii) any deficiency or overpayment shall be disposed of in the manner
of a deficiency or overpayment in Estimated Tax Payment, and
(iii) on the first day of the month following the month in which the
Tax Statement is furnished to the Tenant, and monthly thereafter until a new Tax
Estimate or Tax Statement is furnished to Tenant, Tenant shall pay to Landlord
an amount equal to one twelfth (1/12) of the Tax Payment shown on the Tax
Statement.
(4). The Tax Estimates and Tax Statements to be furnished by Landlord
as provided above shall be certified by Landlord and a statement thus furnished
to Tenant shall constitute a final determination as between Landlord and Tenant
of the Estimated Tax Payment or Tax Payment, as the case may be, for the period
represented thereby, unless Tenant within sixty (60) days after the within sixty
(60) days after the
- 11 -
12
statement is furnished shall give a notice to Landlord that Tenant disputes the
reasonableness, accuracy or appropriateness of such statement, which notice
shall specify the particular respects in which the statement is unreasonable,
inaccurate or inappropriate. Pending the resolution of such dispute, Tenant as
herein provided shall make the Estimated Tax Payment or Tax Payment, as the case
may be, to Landlord without prejudice to Tenant's position. In any such dispute
as to a Tax Estimate or Tax Statement, Landlord and Tenant shall, within ten
(10) days after the giving of Tenant's notice disputing the reasonableness,
accuracy or appropriateness of such statement, select a national "Big Six"
accounting firm whose determination shall be conclusive in the resolution of the
dispute. If the dispute shall be determined in Tenant's favor, Landlord shall
forthwith pay to Tenant the amount of Tenant's overpayment resulting from
compliance with Landlord's statement and shall pay for the cost of the
accounting firm. In the event overpayment is greater than five (5%) percent,
Landlord shall pay interest to Tenant on such overpayment at the rate of 2% in
excess of the prime interest rate as set forth from time to time by Citibank,
N.A. from the date of payment of such amounts by Tenant until repayment of such
overpayment by Landlord. If the dispute shall be determined in Landlord's favor,
Tenant shall pay for the costs of the accounting firm.
(5) Only Landlord shall be eligible to institute tax reduction or other
proceedings to reduce the assessed valuation of the Land or the Building. Should
Landlord be successful in any such reduction proceedings and obtain a rebate for
any Tax Year for which Tenant has paid installments of the Tax Payment,
Landlord, after deducting the expenses incurred in obtaining such rebate
including, without limitation, attorneys' fees, court, or other administrative
costs and disbursements, shall credit Tenant's Share of such rebate against the
next monthly installment of the Fixed Annual Rent payable under this Lease or in
the case of the last month of the Term, pay such amount to Tenant. In the event
that the assessed valuation which had been utilized in computing the Real Estate
Taxes payable for the Base Tax Year is reduced (as a result of settlement, final
determination of legal proceedings or otherwise) then
(i) the Real Estate Taxes for the Base Tax Year shall be retroactively
adjusted to reflect such reduction;
(ii) the monthly installments of Additional Rent shall be adjusted
accordingly; and
(iii) all retroactive Additional Rent resulting from such adjustment
shall be payable by Tenant within twenty (20) days after the rendition of a xxxx
therefor.
6.07 In no event shall the Fixed Rent due under this Lease be reduced
by virtue of this Article I.
6.08 If the Commencement Date of the term of this Lease is not the
first day of the first comparative year, then the additional rent due hereunder
for such first comparative year shall be a proportionate share of said
additional rent for the entire comparative year, said proportionate share to be
based upon the length of time that the Lease term shall have been in existence
during such first comparative year. Upon the date of any expiration or
termination of this Lease (except termination because of Tenant's default)
whether the same be the date hereinabove set forth for the expiration of the
Term or any prior or subsequent date, a proportionate share of said additional
rent for the comparative year during which such expiration or termination occurs
shall immediately become due and payable by Tenant to Landlord, if it was not
theretofore already billed and paid. The said proportionate share shall be based
upon the length of time that
- 12 -
13
this Lease shall have been in existence during such comparative year.
6.09 Landlord's and Tenant's obligation to make the adjustments
referred to in this Article shall survive any expiration or termination of this
Lease.
6.10 Any delay or failure of Landlord in billing any expense escalation
hereinabove provided shall not constitute a waiver of or in any way impair the
continuing obligation of Tenant to pay such expense escalation hereunder.
6.11 Landlord represents that at the time of the signing of this Lease
by the parties, the Building is not subject to any current added assessment or
special assessment or, to Landlord's knowledge, there are no currently projected
added or special assessments.
ARTICLE 7 -- ELECTRICAL ENERGY
7.01 Beginning on the Occupancy Date, electrical energy consumed by
Tenant in the Demised Premises through wall and floor outlets, for lighting and
business equipment and the Tenant's auxiliary HVAC system shall be separately
metered and purchased by Tenant from the utility supplying electricity to the
Building. Landlord shall install as part of the Landlord's Work the electrical
meter(s) for the Demised Premises. Landlord shall install at its own cost the
risers, conduits, feeders and wiring installations in the Building and to the
Demised Premises sufficient to provide the Demised Premises with electrical
energy, in a safe and suitable manner, equal to six (6) xxxxx per square foot of
Tenant's Floor Space, connected load, including lighting and floor outlets. In
the event Tenant requires electrical energy in excess of six (6) xxxxx per
square foot of Tenant's Floor Space, connected load, Tenant, at Tenant's sole
cost and expense and as part of Tenant's Work, may supply such excess wattage to
the Demised Premises. Electricity for heating, ventilating and air conditioning
including for any fan used in connection therewith during Regular Business Hours
shall not be included on such meter and shall be paid for by the Landlord.
Tenant shall pay to Landlord, as additional rent, the cost of electricity for
heating, ventilating and air conditioning including for any fan used in
connection therewith, in the Demised Premises during other than Regular Business
Hours pursuant to Article 8.01.
7.02 Landlord's and Tenant's obligations to make the adjustments and
payments referred to in this Article shall survive any expiration or termination
of this Lease.
7.03 Tenant covenants and agrees that at all times its use of
electrical current shall not exceed the capacity of existing feeders to the
Building or the risers, conduits, or wiring installation in the Building, and
Tenant shall not use any electrical equipment which, in Landlord's opinion
reasonably exercised, will overload such installations or interfere With the use
thereof by other tenants of the Building. In this connection, Landlord agrees,
at Tenant's cost and expense, as an item of extra material and work, to supply
and install an electric meter or meters to measure Tenant's consumption of
electrical energy throughout the Demised Premises.
7.04 Tenant may purchase from Landlord, at Landlord's option, all
replacements of electric fluorescent tubing and shall pay Landlord for
installing same.
7.05 Tenant shall be provided access to Landlord's Emergency Stand-by
Electric Generator ("ESEG") sufficient to furnish ___ KW of electric energy from
the Building's ESEG. Tenant acknowledges
- 13 -
14
that the Building's ESEG is intended to supply electric energy to the Demised
Premises only in the event of a temporary failure of the supply of electric
energy to the Building provided by the public electric utility supplier. Tenant
further acknowledges that Landlord does not warranty, guarantee or has ever
represented that the Building's ESEG will in fact operate to supply the Demised
Premises with temporary electric energy in the event of temporary failure of the
supply of electric energy to the Building by the public electric utility
supplier. Neither Landlord nor any agent or employee of Landlord shall be liable
to Tenant, its employees, agents, contractors and licensees, and Tenant shall
hold Landlord harmless from any injury or damage to Tenant, including by way of
example and not limitation, damage, loss or injury to Tenant's computer
hardware, software or computer stored data or interruption of Tenant's business,
in the event that the Building's ESEG fails to provide temporary electric energy
in the event of a temporary emergency failure of the electric power supply to
the Building and the Demised Premises by the public electric utility supplier.
7.06 Landlord, at Tenant's cost and expense, shall cause the Demised
Premises to be connected with the Building's ESEG for use in the event of a
temporary emergency failure of the electric power supply to the Building and the
Demised Premises provided by the public utility supplier. In addition to the
connection charge, Tenant shall pay directly to the Landlord, as and for
Additional Rent under the Lease, $250.00 per year per KW of electric energy
reserved per year for access to the Building's ESEG, payable monthly commencing
on the Occupancy Date and ending on the Lease Expiration Date" (the "ESEG
Charge"). The ESEG Charge shall be subject to adjustment upward from time to
time if the cost of providing same is increased to the Landlord with an
appropriate adjustment to the monthly payment of the ESEG Charge.
ARTICLE 8 -- VENTILATION AND AIR CONDITIONING
8.01 There shall be installed in the Demised Premises, as part of the
work provided for in Section 3.01, the Building heating, ventilating and
air-conditioning systems described and designed to substantially meet the
following performance specifications:
Inside Condition
-----------------
Cooling Season 75 degrees F.D.B.
Heating Season 68 degrees F
Outside Condition
-----------------
Cooling Season 91 degrees F.D.B./76 degrees FWB
Heating Season 10 degrees F.
Landlord shall be under no liability to Tenant if such performance
specifications should not be able to be met prior to the said systems being
balanced. Landlord, at its expense, shall maintain and operate such systems and
shall furnish heat, ventilation and air-conditioning in the Demised Premises
through such systems, subject to Article 9.07, in compliance with such
performance specifications, during Regular Business Hours. if Tenant shall
require ventilating and air-conditioning service or heating service at any other
time other than Regular Business Hours (hereinafter called "after hours"),
Landlord shall furnish after hours ventilating and air-conditioning service or
heating service upon twenty four (24) hour written advance notice from Tenant,
and Tenant shall pay Landlord therefore, as additional rent upon rendition of a
xxxx, the A.C. charge and the H. charge. The A.C. charge and the H. charge shall
be subject to adjustment upward from time to time.
8.02 Landlord will not be responsible for the failure of the
air-conditioning system to meet the performance specifications set forth above
if such failure results from the occupancy of the
- 14 -
15
Demised Premises with more than an average of one person for each 150 square
feet of Tenant's Floor Space or if Tenant installs and operates machines and
appliances, the installed electrical load of which when combined with the load
of all lighting fixtures exceeds 3.5 xxxxx per square foot of Tenant's Floor
Space in any one room or other area. If due to use of the Demised Premises in a
manner exceeding the aforementioned occupancy and electrical load criteria, or
due to rearrangement of partitioning after the initial preparation of the
Demised Premises, interference with normal operation of the air-conditioning in
the Demised Premises results, necessitating changes in the air-conditioning
system servicing the Demised Premises, such changes shall be made by Landlord
upon written notice to Tenant at Tenant's sole cost and expense. Tenant agrees
to lower and close window coverings when necessary because of the sun's position
whenever the said air conditioning system is in operation, and Tenant agrees at
all times to cooperate fully with Landlord and to abide by all the regulations
and requirements which Landlord may prescribe for the proper functioning and
protection of the said air-conditioning system. Landlord throughout the Term,
shall have free and unrestricted access to any and all air-conditioning
facilities in the Demised Premises.
8.03 Any damage caused to heating, air-conditioning, and ventilating
equipment, appliances or appurtenances thereto as a result of the negligence of,
or careless operation of, the same by Tenant or its agents, servants, employees,
licensees, invitees, or visitors, shall be repaired by Landlord, and the cost
and expenses thereof shall be paid by Tenant as additional rent, within ten (10)
days after being billed therefor.
8.04 Tenant shall be provided access to additional condenser water for
Tenant's auxiliary HVAC system, sufficient to furnish tons of supplemental air
conditioning to the Demised Premises, twenty-four (24) hours per day during the
Term of this Lease and Tenant shall pay Landlord therefore, as additional rent
$500.00 per ton of additional condenser water per year, payable $__________ per
month as additional rent. The additional rent for the additional condenser water
shall be subject to adjustment upward from time to time if the out-of-pocket
cost of providing same is increased to Landlord.
ARTICLE 9 -- LANDLORD'S OTHER SERVICES
9.01 Landlord shall provide public elevator service to the floor(s) on
which the Demised Premises are situated during Regular Business Hours, and shall
have at least one elevator subject to call at all other times. The elevator(s),
or any or all of them, if more than one, may be operated by automatic control
and/or by manual control, as Landlord shall determine at any time or from time
to time. Landlord shall not be obligated to furnish an operator for any
automatic elevator and shall have no liability to Tenant for discontinuing the
service of any operator theretofore furnished. If Tenant shall require after
hours service of elevator(s) or of the loading area in the Building under such
circumstances as, in Landlord's reasonable judgment, will require service or
attention by Landlord's personnel, Tenant shall pay Landlord, on demand, a
reasonable charge attributable to such service or attention.
9.02 Provided that Tenant shall keep the Demised Premises in good
order, Landlord shall cause the Demised Premises, including the exterior and the
interior of the windows thereof (subject to Tenant maintaining unrestricted
access to such windows), to be cleaned in accordance with the standards set
forth in Exhibit D annexed hereto and made a part hereof. Tenant will not clean,
nor require, permit or allow any window in the premises to be cleaned from the
outside. Tenant shall pay to Landlord on demand the costs incurred by Landlord
for (a) cleaning work in the Demised Premises
- 15 -
16
or the Building required because of (i) misuse or neglect on the part of Tenant
or its employees or visitors, (ii) use of portions of the Demised Premises for
preparation, serving, or consumption of food or beverages, reproducing
operations, private lavatories or toilets or other special purposes requiring
greater or more difficult cleaning work than office area, (iii) interior glass
surfaces, (iv) non-Building standard materials or finishes installed by Tenant
or at its request, (v) increases in frequency or scope in any of the items set
forth in Exhibit D as shall have been requested by Tenant, and (b) removal from
the Demised Premises and the Building of (i) so much of any refuse and rubbish
of Tenant as shall exceed that properly accumulated daily in the routine or
ordinary business office and (ii) all of the refuse and rubbish of Tenant's
machines and the refuse and rubbish of any other eating facilities requiring
special handling (known as "wet garbage"). Landlord and its cleaning
contractor and their employees shall have after hours access to the Demised
Premises and the use of the Tenant's light, power and water in the Demised
Premises as may be reasonably required for the purpose of cleaning the Demised
Premises. Extraordinary waste (such as crates, cartons, boxes, etc. and used
furniture or equipment) shall be removed from the Building by Tenant at Tenant's
own cost and expense. At no time shall Tenant place any waste of any kind in any
public areas. If Tenant does so, the parties agree that everything so placed
shall be deemed abandoned and of no value to Tenant and Landlord may have the
same removed and disposed of at Tenant's expense. Such expenses shall be deemed
additional rent payable by Tenant within ten (10) days after being billed
therefor. This remedy is in addition to any other remedies Landlord may have
under this lease.
9.03 Landlord, at its expense, shall furnish adequate hot and cold
water at ordinary lavatory temperature to each floor of the Building for
drinking, lavatory, and cleaning purposes, together with soap, towels and toilet
tissue for each lavatory. If Tenant uses water for any other purpose Landlord,
at Tenant's expense, may install meters to measure Tenant's consumption of cold
water and/or hot water for such other purposes and/or steam, as the case may be.
Tenant shall pay for the quantities of cold water and hot water shown on such
bills therefor. In connection with permitted kitchen use, the amount of hot
water demand shall not exceed the excess Building design capacity.
9.04 Landlord, at its own expense, and at Tenant's request, shall
insert initial listings on the Building Directory of the names of Tenant, and
any affiliate, and the names of any of their officers and employees, provided
that the names so listed shall not take up more than Tenant's proportionate
share of the space on the Building Directory. All Building Directory changes
made at Tenant's request after the Tenant's initial listings have been placed on
the Building Directory shall be made by Landlord at the expense of Tenant, and
Tenant agrees to promptly pay to Landlord as additional rent the cost of such
changes within ten (10) days after Landlord has submitted an invoice therefor.
9.05 With respect to parking of vehicles (if parking is provided under
Article 1 hereof):
A. Landlord represents that throughout the Term there will be a paved,
illuminated parking area for the Building with the number of Parking Spaces
specified in Article 1. If Landlord so elects, Tenant shall require its
personnel and visitors to park their vehicles only in Parking Spaces designated
by Landlord for Tenant's use for its personnel and visitors on a "first come,
first served" basis. Landlord reserves the right at all times to redesignate
such Parking spaces. Tenant, its personnel and visitors shall not at any time
park any trucks or delivery vehicles in any of the parking areas.
- 16 -
17
B. All Parking Spaces and any other parking areas used by Tenant, its
personnel and visitors will be at their own risk, and Landlord shall not be
liable for any injury to person or property, or for loss or damage to any
automobile or its contents, resulting from theft, collision, vandalism or any
other cause whatsoever.
C. Tenant shall agree to all requests by Landlord that Tenant and its
employees and visitors remove their vehicles from the Parking Spaces to another
parking area provided by Landlord at reasonable periods for purposes of cleaning
and maintenance of such spaces or as required for purposes of snow removal,
provided that Landlord will perform such cleaning, maintenance and snow removal
and make such Parking Spaces available to Tenant and its employees and visitors
as promptly as possible.
9.06 Landlord shall keep and maintain the public areas and the public
facilities of the Building and the grounds clean and in good order, and the
sidewalks and parking areas adjoining the Building shall be kept free of
accumulation of snow and ice (except any overnight parking area) or unlawful
obstruction.
9.07 Landlord reserves the right, without any liability to Tenant,
except as otherwise expressly provided in this Lease, and without being in
breach of any covenant of this Lease, to stop, interrupt or suspend service of
any of the heating, ventilating, air conditioning, electric, sanitary, elevator
or other Building systems serving the Demised Premises, or the rendition of any
other services required of Landlord under this Lease, whenever and for so long
as may be necessary, by reason of accidents, emergencies, the making of repairs
or changes which Landlord is required by this Lease or by law to make or in good
xxxxx xxxxx advisable, or by reason of unavoidable delays. In each instance
Landlord shall exercise reasonable diligence to eliminate the cause of stoppage
and to effect restoration of service and shall give Tenant reasonable notice,
when practicable, of the commencement and anticipated duration of such stoppage,
and if any work is required to be performed in or about the Demised Premises for
such purpose, the provision of Section 14.03 shall apply. Tenant shall not be
entitled to any diminution or abatement of rent or other compensation nor shall
this Lease or any of the obligations of Tenant be affected or reduced by reason
of the interruption, stoppage or suspension of any of the Building systems or
services arising out of the causes set forth in this Section.
ARTICLE 10 -- USE
10.01 The "Permitted Use" of the Demised Premises for the purposes
specified in Article 1 hereof shall not in any event be deemed to include, and
Tenant shall not use, or permit the use of, the Demised Premises or any part
thereof for:
(a) sale of, or traffic in, any spirituous liquors, wines, ale or beer
kept in the Demised Premises;
(b) sale at retail of any other products or materials kept in the
Demised Premises, by vending machines or otherwise, or demonstrations to the
public, except as may be specifically agreed to by Landlord in writing;
(c) manufacturing, printing or electronic data processing, except for
the operation of normal business office reproducing and printing equipment,
business machines and electronic data processing equipment incidental to the
conduct of Tenant's business and for Tenant's own requirements at the Demised
Premises, provided that such use shall not exceed that portion of the mechanical
or electrical capabilities of the Building equipment allocable to the Demised
Premises;
- 17 -
18
(d) the rendition of medical, dental or other diagnostic or therapeutic
services;
(e) the conduct of a public auction of any kind;
(f) the conduct of a banking, trust company, savings bank, safe
deposit, savings and loan association or loan company business;
(g) the issuance and sale of traveler's checks, foreign drafts, letters
of credit, foreign exchange or domestic money orders (except as incidentally
required in conduct of Tenant's normal business activity);
(h) the receipt of money for transmission (except as is incidentally
required in conduct of Tenant's normal business activity); or
(i) a restaurant, bar, or the sale of confectionery, tobacco,
newspapers, magazines, soda, beverages, sandwiches, ice cream, baked goods or
similar items, or the preparation, dispensing or consumption of food and
beverages in any manner whatsoever.
10.02 Tenant shall not suffer or permit the Demised Premises or any
part thereof to be used in any manner, or anything to be done therein, or suffer
or permit anything to be brought into or kept therein, which would in any way
(i) violate any of the provisions of any grant, lease or mortgage to which this
Lease is subordinate, (ii) violate any laws or requirements of public
authorities, (iii) make void or voidable any fire or liability insurance policy
then in force with respect to the Building, (iv) make unobtainable from
reputable insurance companies authorized to do business in New Jersey at
standard rates any fire insurance with extended coverage, or liability, elevator
or boiler or other insurance required to be furnished by Landlord under the
terms of any lease or mortgage to which this Lease is subordinate, (v) cause or
in Landlord's opinion be likely to cause physical damage to the Building or any
part thereof, (vi) constitute a public or private nuisance, (vii) impair, in the
reasonable opinion of the Landlord, the appearance, character or reputation of
the Building, (viii) discharge objectionable fumes, vapors or odors into the
Building air conditioning system or into Building flues or vents not designed to
receive them or otherwise in such manner as may unreasonably offend other
occupants, (ix) impair or interfere with any of the Building services or the
proper and economic heating, cleaning, air conditioning or other servicing of
the Building or the Demised Premises or impair or interfere with or tend to
impair or interfere with the use of any of the other areas of the Building by,
or occasion annoyance or inconvenience to, Landlord or any of the other tenants
or occupants of the Building, or (x) cause Tenant to default in any of its other
obligations under this Lease. The provisions of this Section, and the
application thereof, shall not be deemed to be limited in any way to or by the
provisions of any of the following Sections of this Article or any of the Rules
and Regulations referred to in Article 20 or Exhibit B attached hereto, except
as may therein be expressly otherwise provided.
10.03 If any governmental license or permit, other than a Certificate
of Occupancy for the Building, shall be required for the proper and lawful
conduct of Tenant's business in the Demised Premises, or any part thereof, and
if failure to secure such license or permit would in any way affect Landlord,
then Tenant, at its expense, shall duly procure and thereafter maintain such
license or permit, but in no event shall failure to procure and maintain same by
Tenant affect Tenant's obligations hereunder. Tenant shall not at any time use
or occupy, or suffer or permit anyone to use or occupy the Demised Premises,
or do or permit anything to be done in the Demised Premises, in violation of the
Certificate of Occupancy for the Demised Premises or for the Building.
- 18 -
19
10.04 Tenant shall not place a load upon any floor of the Demised
Premises exceeding one hundred (100) pounds per square foot including partitions
which is the load that the floor was designed to carry. Landlord reserves the
right to prescribe the weight and position of all safes and vaults which must
be placed by Tenant, at Tenant's expense. Business machines and mechanical
equipment shall be positioned and maintained by Tenant, at Tenant's expense, in
such manner as shall be sufficient in Landlord's judgment to absorb and prevent
vibration, noise and annoyance.
ARTICLE 11 -- ACCESS, CHANGES IN
BUILDING FACILITIES, NAME
11.01 All walls, windows and doors bounding the Demised Premises
(including exterior Building walls, core corridor walls and doors and any core
corridor entrance), except the inside surfaces thereof, any terraces or roofs
adjacent to the Demised Premises, and space in or adjacent to the Demised
Premises used for shafts, stacks, pipes, conduits, fan rooms, ducts, electric or
other utilities, sinks or other Building facilities, and the use thereof, as
well as access thereto through the Demised Premises for the purposes of
operating, maintenance, decoration and repair, are reserved to Landlord.
11.02 Tenant shall permit Landlord to install, use and maintain pipes,
ducts and conduits within or through the Demised Premises, or through the walls,
columns and ceiling therein, provided that the installation work is performed at
such times and by such methods as will not unreasonably interfere with Tenant's
use and occupancy of the Demised Premises, or damage the appearance thereof,
reduce the Tenant's Floor Space by more than two (2%) percent (without an
appropriate adjustment in rent) or materially affect Tenant's layout. Where
access doors are required for mechanical trades in or adjacent to the Demised
Premises, Landlord shall furnish and install such access doors at its expense,
and confine their location wherever practical to closets, coat rooms, toilet
rooms, corridors, and kitchen or pantry rooms. Landlord and Tenant shall
cooperate with each other in the location of Landlord's and Tenant's facilities
requiring such access doors.
11.03 Landlord or Landlord's agents or employees shall have the right
upon request made on reasonable advance notice to Tenant, or to an authorized
employee of Tenant at the Demised Premises, to enter and/or pass through the
Demised Premises or any part thereof, at reasonable times during reasonable
hours, (i) to examine the Demised Premises or to show them to lessors of
superior leases, holders of mortgages, insurance carriers, or prospective
purchasers, mortgagees or lessees of the land or the Building, or prospective
tenants, and (ii) for the purpose of making such repairs or changes in or to the
Demised Premises or in or to the Building or its facilities as may be provided
for by this Lease or as Landlord may deem necessary or as Landlord may be
required to make by law or in order to repair and maintain the Building or its
fixtures or facilities. Landlord shall be allowed to take into and store upon
the Demised Premises all materials which may be required for such repairs,
changes, or maintenance. However, Landlord's rights under this Section shall be
exercised in such manner as will not unreasonably interfere with Tenant's use
and occupancy of the Demised Premises. Landlord, its agents or employees, shall
also have the right to enter on and/or pass through the Demised Premises, or any
part thereof without notice at such times as such entry shall be required by
circumstances of emergency affecting the Demised Premises or the Building.
11.04 Landlord reserves the right, at any time after completion of the
Building, without incurring any liability to Tenant therefor, to make such
changes in or to the Building and the fixtures and equipment thereof, as well as
in or to the street
- 19 -
20
entrances, halls passages, elevators and stairways thereof, as it may deem
necessary or desirable; provided that there be no unreasonably lengthy
interference with the use of the Demised Premises or in the services furnished
to the Demised Premises, and no reduction in the Tenant's Floor Space in excess
of two (2%) percent without an appropriate adjustment in rent.
11.05 Landlord may limit and restrict, as provided in the Rules and
Regulations attached hereto as Exhibit B, the means of access to the Demised
Premises outside of Regular Business Hours, so long as Tenant's employees and
authorized agents have reasonable access to all parts of the Demised Premises.
Tenant, and its agents, employees and visitors shall be entitled to access from
the Demised Premises to, and the right to use, the toilets, lavatories and
powder rooms only on the floor (or floors) on which the Demised Premises are
located.
11.06 Landlord reserves the right to select a name for the Building and
to make such change or changes of name as it may deem appropriate during
Tenant's occupancy, and Tenant agrees not to refer to the Building by any other
name than (i) the name as selected by Landlord, or (ii) the postal address
approved by the U.S. Post Office.
ARTICLE 12 -- TENANT'S CHANGES
12.01 Tenant may, at any time and from time to time during the Term, at
its sole expense, make such other alterations, additions, installations,
substitutions, improvements and decorations, including the installation and
maintenance of such wiring and cable as is necessary to operate and maintain
Tenant's telephone business at the Demised Premises, (hereinafter collectively
called "Changes" and, as applied to including the installation and maintenance
of such wiring and cable as is necessary to operate and maintain its telephone
business at the Demised Premises, changes provided for in this Article,
"Tenant's Changes") to the Demised Premises, excluding structural changes and
changes affecting the mechanical systems, on the following conditions, and
providing such changes will not result in a violation of or require a change in
the Certificate of Occupancy applicable to the Demised Premises: (a) The outside
appearance, character or use of the Building shall not be affected, and no
Tenant's Changes shall weaken or impair the structural strength or, in the
opinion of Landlord, lessen the value of the Building; (b) No part of the
Building outside of the Demised Premises shall be physically affected; (c) The
proper functioning of any of the mechanical, electrical, sanitary and other
service systems of the Building shall not be adversely affected; (d) In
performing the work involved in making such changes Tenant shall be bound by and
observe all of the conditions and covenants contained in this Article; (e) At
the Expiration Date, Tenant shall on Landlord's written request restore the
Demised Premises to their condition prior to the making of any of the changes
permitted by this Article, reasonable wear and tear excepted, and Landlord shall
be entitled to additional security pursuant to Article 15 for the performance of
Tenant's obligation; (f) At least thirty (30) days prior to proceeding with any
change (exclusive of changes in items constituting "Tenant's Property" as
defined in Article 13) Tenant shall submit to Landlord plans and specifications
for the work to be done, for Landlord's approval in writing, which approval
shall not be unreasonably withheld, and, if such change requires approval by or
notice to the lessor of a superior lease or the holder of a superior mortgage,
Tenant shall not proceed with the change until such approval has been received,
or such notice has been given, as the case may be, and all applicable conditions
and provisions of said superior lease or superior mortgage with respect to the
proposed change or alteration have been met or complied with at Tenant's
expense; and Landlord if it approves the change, will request such approval or
give such notice, as the case may be. Any change for which approval has been
received shall be performed strictly in accordance with the approved plans and
specifications,
- 20 -
21
and no amendments or additions to such plans and specifications shall be made
without the prior written consent of Landlord. Tenant shall not be permitted to
install and make part of the Demised Premises any materials, fixtures or
articles which are subject to liens, conditional sales contracts, security
agreements or chattel mortgages; and (g) Tenant shall comply with all other
terms and conditions of this Lease in connection with Tenant's Changes.
12.02 All Tenant's Changes shall at all times comply with laws, orders
and regulations of governmental authority having jurisdiction thereof, and all
rules and regulations of Landlord and Tenant at its expense, shall obtain all
necessary governmental permits 'and certificates for the commencement and
prosecution of Tenant's Changes and for final approval thereof upon completion,
and shall cause Tenant's Changes to be performed in compliance therewith and
with all applicable requirements of insurance bodies, and in good and first
class workmanlike manner, using materials and equipment at least equal in
quality and class to the original installations of the Building. Tenant's
Changes shall be performed in such manner as not to interfere with the occupancy
of any other tenant in the Building nor delay, or impose any additional expense
upon Landlord in the construction, maintenance or operation of the Building, and
shall be performed by contractors or mechanics approved by Landlord and in
accordance with the Building Rules and Regulations for Trades Conducting
Operations, attached hereto as Exhibit C-1 and Insurance Requirements for Trades
Conducting Operations in the Building, attached hereto as Exhibit C-2.
Throughout the performance of Tenant's Changes, Tenant, at its expense, shall
carry, or cause to be carried, workmen's compensation insurance in statutory
limits, and general liability insurance for any occurrence on, in or about the
Building, in which Landlord and its managing agent shall be named as parties
insured, in such limits as Landlord may reasonably prescribe (but not less than
those specified in Section 16.02), with insurers reasonably satisfactory to
Landlord. Tenant shall furnish Landlord with reasonably satisfactory evidence
that such insurance is in effect at or before the commencement of Tenant's
Changes and, on request, at reasonable intervals thereafter during the
continuance of Tenant's Changes. No Tenant's Changes shall involve the removal
of any fixtures, equipment or other property in the Demised Premises which are
not "Tenant's Property" (as defined in Article 13), unless Landlord's prior
written consent is first obtained and unless such fixtures, equipment or other
property shall be promptly replaced, at Tenant's expense and free of superior
title, liens and claims, with fixtures, equipment or other property (as the case
may be) of like utility and at least equal value (which replaced fixtures,
equipment or other property shall thereupon become the property of Landlord),
unless Landlord shall otherwise consent in writing.
12.03 Tenant, at its expense, and with diligence and dispatch, shall
procure the cancellation or discharge of all notices of violation arising from
or otherwise connected with Tenant's Changes which shall be issued by the
appropriate department of the municipality in which the Building is located or
any other public authority having jurisdiction. Tenant shall defend, indemnify
and save harmless Landlord against any and all mechanics and other liens in
connection with Tenant's Changes, repairs or installations, including but not
limited to the liens of any conditional sales of, or chattel mortgages upon, any
materials, fixtures, or articles so installed in and constituting part of the
Demised Premises and against all costs, attorney's fees, fines, expenses and
liabilities reasonably incurred in connection with any such lien, conditional
sale or chattel mortgage or any action or proceeding brought thereon. Tenant, at
its expense, shall procure the satisfaction or discharge of all such liens
within thirty (30) days of the filing of such lien against the Demised Premises
or the Building. If Tenant shall fail to cause such lien to be discharged
- 21 -
22
within the period aforesaid, then, in addition to any other right or remedy,
Landlord may, but shall not be obligated to, discharge the same either by paying
the amount claimed to be due or by procuring the discharge of such lien by
deposit or by bonding proceedings, and in any such event Landlord shall be
entitled, if Landlord so elects, to compel the prosecution of any action for the
foreclosure of such lien by the lienor and to pay the amount of the judgment in
favor of the lienor with interest, costs and allowances. Any amount so paid by
Landlord and all costs and expenses incurred by Landlord in connection
therewith, together with interest thereon at the lesser of the maximum permitted
by law or 1 1/2% per month or portion thereof from the respective dates of
Landlord's making of the payment or incurring of the cost and expense shall
constitute additional rent payable by Tenant under this Lease and shall be paid
by Tenant on demand. If Tenant makes any such payment it shall not be entitled
to any set-off against rent due hereunder. Tenant agrees that it will not at any
time prior to or during the Term, either directly or indirectly, use any
contractors, labor or materials in the Demised Premises, if the use of such
contractors, labor or materials would, in the Landlord's reasonable opinion,
create any difficulty with other contractors or labor engaged by Tenant or
Landlord or would in any way disturb harmonious labor relations in the
construction, maintenance or operation of the Building or any part thereof or
any other building owned or operated by Landlord or any affiliate of Landlord.
12.04 If Tenant requires Landlord to perform work during other than
Regular working Hours, or if Tenant desires to perform work through its
contractors, agents or employees during other than Regular Working Hours, Tenant
shall pay as additional rent, the cost of employing such additional help as
shall be required under the rules and regulations of unions employed in
connection with the Building. Payment shall be made by Tenant to Landlord within
ten (10) days after being billed therefor.
12.05 In the event Landlord does not perform the work for Tenant,
Tenant shall pay to Landlord a supervisory fee (which shall include the cost of
review of the proposed Tenant's Changes) equal to Landlord's actual
out-of-pocket expenses for such supervision.
ARTICLE 13 -- TENANT'S PROPERTY
13.01 All fixtures, equipment, improvements and appurtenances attached
to or built into the Demised Premises, shall be deemed the property of Landlord
and shall not be removed by Tenant except as hereinafter in this Article
expressly provided.
13.02 All fixtures, furnishings and equipment, exclusive of work
performed by Landlord at Landlord's cost and expense pursuant to the provisions
of Article 3 hereof, whether or not attached to or built into the Demised
Premises, which are installed in the Demised Premises by or for the account of
Tenant, may be removed by it at any time during the Term; provided that if any
of Tenant's Property is removed, Tenant shall repair or pay the cost of
repairing any damage to the Demised Premises or to the Building resulting from
such removal. Any fixtures, equipment or other property for which Landlord shall
have granted any allowance to the Tenant as a credit or substitution in kind
shall not be deemed to have been installed by or for the account of the Tenant
without expense to Landlord, and shall not be considered Tenant's Property.
Landlord shall not be obligated to return and/or reinstall any partitions
supplied to Tenant which are returned by Tenant to Landlord due to enlargement,
reduction or change in the Demised Premises.
13.03 At or before the expiration of this Lease, Tenant shall remove,
at its expense, from the Demised Premises, all of Tenant's Property and shall
repair any damage and make any replacements to
- 22 -
23
the Demised Premises or the Building resulting from or necessitated by such
removal, and shall pay all other costs of such removal.
13.04 Any items of Tenant's Property which shall remain in the Demised
Premises after the expiration of this Lease, may, at the option of the Landlord,
be deemed to have been abandoned, and in such case either may be retained by
Landlord as its property or may be disposed of, without accountability to Tenant
in such manner as Landlord may see fit. Tenant agrees to reimburse Landlord for
the costs of removal and for the cost of repairing any damage to the Demised
Premises or the Building arising out of Tenant's failure to remove Tenant's
Property pursuant to the terms of this Lease.
ARTICLE 14 -- REPAIRS AND MAINTENANCE
14.01 Tenant shall take good care of the Demised Premises and the
fixtures and appurtenances therein, and at its sole cost and expense shall make
all repairs thereto, as and when needed to preserve them in good working order
and condition except as otherwise provided in Section 14.02 hereof. In addition,
Tenant, at its expense, shall promptly make all repairs, ordinary or
extraordinary, interior or exterior, structural or otherwise, in and about the
Demised Premises and the Building as shall be required by reason of (i) the
performance or existence of work by Tenant necessary to suit the Demised
Premises to Tenant's initial occupancy or in connection with Tenant's Changes,
(ii) the installation, use or operation of Tenant's Property in the Demised
Premises, (iii) the moving of Tenant's Property in or out of the Building, or
(iv) the misuse or neglect of Tenant or any of its employees, agents or
contractors. Tenant shall not be responsible, and Landlord shall be responsible,
for any repairs to the Demised Premises as are required by reason of Landlord's
neglect or other fault in the manner of performing any Work provided for in
Article 3 which Landlord is to perform in Tenant's Changes which may be
undertaken by Landlord for Tenant's account or are otherwise required by reason
of neglect or other fault of Landlord or its employees, agents or contractors.
14.02 Landlord shall keep and maintain the Building and its fixtures,
appurtenances, systems and facilities (including the heating, ventilating and
air-conditioning systems and the central or core elevator and plumbing systems),
serving the Demised Premises, in good working order, condition and repair and
shall make all structural repairs, interior and exterior, except as indicated
in the second sentence of Section 14.01, as and when needed in the Building,
except for those repairs for which Tenant is responsible pursuant to any other
provisions of this Lease, and subject to all other provisions of this Lease,
including but not limited to the provisions of Article 22.
14.03 Except as expressly otherwise provided in this Lease, Landlord
shall have no liability to Tenant by reason of any inconvenience, annoyance,
interruption or injury to business arising from Landlord or any tenant making
any repairs or changes or performing maintenance services, whether or not
Landlord is required or permitted by this Lease or by law to make such repairs
or changes or to perform such services in or to any portion of the Building or
Demised Premises, or in to the fixtures, equipment or appurtenances of the
Building or the Demised Premises, provided that Landlord shall be reasonably
diligent with respect thereto and shall perform such work, except in case of
emergency, at times reasonably convenient to Tenant and otherwise in such manner
and to the extent practical as will not unreasonably interfere with Tenant's use
and occupancy of the Demised Premises.
14.04 When used in this Lease the term "repair" shall be deemed to
include restoration and replacements as may be necessary to achieve and/or
maintain good working order and condition.
- 23 -
24
ARTICLE 15 -- SECURITY DEPOSIT
Tenant has deposited with Landlord $46,800.00 as security for the
punctual performance by Tenant of each and every obligation of it under this
Lease, including the restoration of the Premises pursuant to Article 12.01. In
the event of any default by Tenant, Landlord may apply or retain all or any part
of the security to cure the default or to reimburse Landlord for any sum which
Landlord may spend by reason of the default. In the case of every such
application or retention Tenant shall, on demand, pay to Landlord the sum so
applied or retained which shall be added to the Security Deposit so that the
same shall be restored to its original amount. If at the end of the Term Tenant
shall not be in default under this Lease, the Security Deposit, or any balance
thereof, shall be returned to Tenant, within thirty (30) days after the
Expiration Date. In the event of a sale of the land and Building or leasing of
the Building, of which the Demised Premises form a part, Landlord shall have the
right to transfer the security to the vendor or lessee and Landlord shall
thereupon be released by Tenant from all liability for the return of such
security; and Tenant agrees to look to the new Landlord solely for the return of
said security; and it is agreed that the provision hereof shall apply to every
transfer or assignment of the security to a new Landlord. Tenant further
covenants that it will not assign or encumber or attempt to assign or encumber
the monies deposited herein as security and neither the Landlord nor its
successors or assign shall be bound by any such assignment, encumbrance,
attempted assignment or attempted encumbrance.
ARTICLE 16 -- INSURANCE
16.01 Tenant shall not violate, or permit the violation of, any
condition imposed by the standard fire insurance policy then issued for office
Buildings in the area in which the Building is located and shall not do, or
permit anything to be done, or keep or permit anything to be kept in the Demised
Premises which would increase the fire or other casualty insurance rate on the
Building or the property therein over the rate which would otherwise than be in
effect (unless Tenant pays the resulting increased amount of premium) or which
would result in insurance companies of good standing refusing to insure the
Building or any of such property in amounts and at normal rates reasonably
satisfactory to Landlord. However, Tenant shall not be subject to liability or
obligation under this Section by reason of the proper use of the Demised
Premises for executive and administrative offices.
16.02 Tenant shall obtain and keep in full force and effect during the
Term at its own cost and expense, Public Liability insurance, such insurance to
afford protection in an amount of not less than $1,000,000.00 for injury or
death to any one person, $3,000,000.00 for injury or death arising out of any
one occurrence, and $500,000.00 for damage to property, protecting the Landlord
and the Tenant as insureds against any and all claims for personal injury, death
or property damage occurring in, upon, adjacent, or connected with the Demised
Premises and any part thereof. Said insurance is to be written by insurance
companies admitted to do business in the State of New Jersey which shall be
reasonably satisfactory to the Landlord. The original insurance policies or
appropriate certificates shall be deposited with Landlord together with any
renewals, replacements or endorsements to the end that said insurance shall be
in full force and effect for the benefit of the Landlord during the Term. In the
event Tenant shall fail to procure and place such insurance, the Landlord may,
but shall not be obligated to, procure and place same, in which event the amount
of the premium paid shall be paid by Tenant to Landlord upon demand and shall in
each instance be collectible on the first day of the month or any subsequent
month following the
- 24 -
25
date of payment by Landlord, in the same manner as though, and same shall be
considered to be additional rent reserved hereunder.
16.03 In the event that any dispute should arise between Landlord and
Tenant concerning insurance rates, a schedule or "make up" of rates for the
Building or the Demised Premises, as the case may be, issued by the Fire
Insurance Rating Organization of New Jersey or other similar body making rates
for fire insurance and extended coverage for the premises concerned, shall be
presumptive evidence of the facts therein stated and of the several items and
charges in the fire insurance rates with extended coverage then applicable to
such premises.
16.04 Each party agrees to use its best efforts to include in each of
its insurance policies insuring the Building and Landlord's property therein and
rental value thereof, in the case of Landlord and insuring Tenant's Property and
business interest in the Demised Premises (business interruption insurance) in
the case of Tenant, against loss, damage or destruction by fire or other
casualty, a waiver of the insurer's right of subrogation against the other
party, or if such waiver should be unobtainable or unenforceable (a) an express
agreement that such policy shall not be invalidated if the insured waives the
right of recovery against any party responsible for a casualty covered by the
policy before the casualty or (b) any other form of permission for the release
of the other party. If such waiver, agreement or permission shall not be, or
shall cease to be, obtainable without additional charge or at all, the insured
party shall so notify the other party promptly after learning thereof. In such
case, if the other party shall so elect and shall pay the insurer's additional
charge therefore, such waiver, agreement or permission shall be included in the
policy, or the other party shall be named as an additional insured in the
policy, but not the loss payee. Each such policy which shall so name a party
hereto as an additional insured shall contain agreements by the insurer that the
policy will not be cancelled without at least twenty (20) days prior notice to
both insureds and that the act or omission of one insured will not invalidate
the policy as to the other insured. Any failure by Tenant, if named as an
additional insured promptly to endorse to the order of Landlord, without
recourse, any instrument for the payment of money under or with respect to the
policy of which Landlord is the owner or original or primary insured, shall be
deemed a default under this Lease.
16.05 Each party hereby releases the other party with respect to any
claim (including a claim for negligence) which it might otherwise have against
the other party for loss, damage or destruction with respect to its property
(including rental value or business interruption) occurring during the Term and
with respect and to the extent to which it is insured under a policy or policies
containing a waiver of subrogation or permission to release liability or naming
the other party as an additional insured as provided in Sections 16.04. If
notwithstanding the recovery of insurance proceeds by either party for loss,
damage or destruction of its property (or rental value or business interruption)
the other party is liable to the first party with respect thereto or is
obligated under this Lease to make replacement, repair or restoration or
payment, then provided the first party's right of full recovery under its
insurance policies is not thereby prejudiced or otherwise adversely affected,
the amount of the net proceeds of the first party's insurance against such loss,
damage or destruction shall be offset against the second party's liability to
the first party therefor, or shall be made available to the second party to pay
for replacement, repair or restoration, as the case may be.
16.06 The waiver of subrogation or permission for release referred to
in Section 16.04 shall extend to the agents of each party and its and their
employees and, in the case of Tenant, shall
- 25 -
26
also extend to all persons and entities occupying, using or visiting the Demised
Premises in accordance with the terms of this Lease, but only if and to the
extent that such waiver or permission can be obtained without additional charge
(unless such party shall pay such charge). The releases provided for in Section
16.05 shall likewise extend to such agents, employees and other persons and
entities, if and to the extent that such waiver or permission is effective as to
them. Nothing contained in Section 16.05 shall be deemed to relieve either party
of any duty imposed elsewhere in this Lease to repair, restore or rebuild or to
nullify any abatement of rents provided for elsewhere in this Lease. Except as
otherwise provided in Section 16.02, nothing contained in Section 16.04 and
16.05 shall be deemed to impose upon either party any duty to procure or
maintain any of the kinds of insurance referred to therein or any particular
amounts or limits of any such kinds of insurance.
ARTICLE 17 -- SUBORDINATION, ATTORNMENT,
NOTICE TO LESSOR AND MORTGAGEES
17.01 This Lease, and all rights of Tenant hereunder, are and shall be
subject and subordinate in all respects to all present and future ground leases,
over-riding leases and underlying leases and/or grants of terms of the land
and/or the Building or the portion thereof in which the Demised Premises are
located in whole or in part now or hereafter existing ("superior leases") and to
all mortgages and Building loan agreements, which may now or hereafter affect
the land and/or the Building and/or any of such leases ("superior mortgages")
whether or not the superior leases or superior mortgages shall also cover other
lands and/or Buildings, to each and every advance made or hereafter to be made
under the superior mortgages, and to all renewals, modifications, replacements
and extensions of the superior leases and superior mortgages and spreaders,
consolidations and correlations of the superior mortgages. This Section shall be
self-operative and no further instrument of subordination shall be required. In
confirmation of such subordination, Tenant shall promptly execute and deliver at
its own cost and expense any instrument, in recordable form if required, that
Landlord, the lessor of any superior lease or the holder of any superior
mortgage or any of their respective successors in interest may request to
evidence such subordination, and Tenant hereby constitutes and appoints Landlord
attorney-in-fact for Tenant to execute any such instrument for and on behalf of
Tenant.
17.02 In the event that the lessor of a superior lease or the holder of
a superior mortgage shall succeed to the rights of the Landlord under this
lease, whether through possessory or foreclosure action or proceeding or through
delivery of a new lease, then at the request of any such party, the Tenant shall
attorn to and recognize such party as its Landlord under this Lease. In any such
event, this Lease shall continue in full force and effect as if it were a direct
lease between such party and the Tenant upon all of the terms, covenants and
conditions set forth in this Lease and shall be applicable after such
attornment, except that such party shall not (a) be obligated to perform any
work in the Building, including the Demised Premises or prepare them for
occupancy; (b) be obligated to repair, replace, rebuild or restore the Building,
or the Demised Premises in the event of damage or destruction, beyond such
repair, replacement, rebuilding or restoration as can reasonably be accomplished
from the net proceeds of insurance actually received by, or made available to,
such party; (c) be liable for any previous act or omission by Landlord; (d) be
subject to any liability or offset which shall theretofore accrue to the Tenant
against Landlord; (e) be bound by any previous modification or extension of this
Lease unless filed with such party and made at arms length, in good faith and in
the honest exercise of reasonable business judgment; (f) be bound by any
- 26 -
27
previous pre-payment of more than one month's fixed rent or other charge, or (g)
be bound by any cancellation or surrender of this Lease or any eviction of the
Tenant by Landlord unless made at arms length, in good faith and in the honest
exercise of reasonable business judgment.
17.03 Tenant agrees to waive the provisions of any statute or rule or
law now or hereafter in effect which may give or purport to give Tenant any
right of election to terminate this Lease or to surrender possession of the
Demised Premises in the event a superior lease is terminated or a superior
mortgage is foreclosed, and that unless and until said lessor, or holder, as the
case may be, shall elect to terminate this Lease, this Lease shall not be
affected in any way whatsoever by any such proceeding or termination, and Tenant
shall take no steps to terminate this Lease without giving written notice to
said lessor under the superior lease, or holder of a superior mortgage and a
reasonable opportunity to cure (without such lessor or holder being obligated to
cure), any default on the part of the Landlord under this Lease.
ARTICLE 18 -- ASSIGNMENT, MORTGAGING, SUBLETTING
18.01 Neither this Lease nor the Term and estate hereby granted, nor
any part hereof or thereof, nor the interest of Tenant in any sublease or the
rentals thereunder, shall be assigned, mortgaged, pledged, encumbered or
otherwise transferred by Tenant by operation of law or otherwise, and neither
the Demised Premises nor any part thereof, shall be encumbered in any manner by
reason of any act or omission on the part of the Tenant or anyone claiming under
or through Tenant, or shall be sublet or be used or occupied or permitted to be
used or occupied, or utilized for desk space or for mailing privileges, by
anyone other than Tenant or for any purpose other than as permitted by this
Lease, without the prior written consent of Landlord in every case, except as
expressly otherwise provided in this Article.
18.02 If this Lease be assigned, whether or not in violation of the
provisions of this Lease, Landlord may collect rent from the assignee. If the
Demised Premises or any part thereof be sublet or be used or occupied by anybody
other than Tenant, whether or not in violation of this Lease, Landlord may,
after default by Tenant, and expiration of Tenant's time to cure such default,
collect rent from the subtenant or occupant. In either event, Landlord may apply
the net amount collected to the rents herein reserved, but no such assignment,
subletting, occupancy or collection shall be deemed a waiver of any of the
provisions of Section 18.01, or the acceptance of the assignee, subtenant or
occupant as tenant, or a release of Tenant from the further performance by
Tenant of Tenant's obligations under this Lease. The consent by Landlord to
assignment, mortgaging or subletting, or use or occupancy by others shall in no
wise by considered to relieve Tenant from obtaining the express written consent
of Landlord to any other or further assignment, mortgaging, or subletting or use
or occupancy by others not expressly permitted by this Article. Tenant agrees to
pay to Landlord reasonable counsel fees incurred by Landlord in connection with
any proposed assignment of Tenant's interest in this Lease or any proposed
subletting of the Demised Premises or any part thereof. References in this Lease
to use or occupancy by others, that is anyone other than Tenant, shall not be
construed as limited to subtenants and those claiming under or through Tenant,
immediately or remotely.
18.03 Tenant may, upon written notice to Landlord, but without
Landlord's written consent, permit any corporations or other business entities
which control, are controlled by, or are under common control with Tenant
(herein called "related corporations") to use the whole or part of Demised
Premises for any purposes permitted to Tenant, subject however to compliance
with Tenant's
- 27 -
28
obligations under the Lease. Such use shall not be deemed to vest in any such
related corporation any right or interest in this Lease or in the Demised
Premises, nor shall such use release, relieve, discharge or modify any of
Tenant's obligations hereunder.
18.04 With respect to any proposed assignment of this Lease or proposed
subletting of all or a portion of the Demised Premises:
(A) Tenant shall submit to the Landlord a request for consent to such
assignment or sublease together with the name and address of the proposed
assignee or sublessee and such information as to its financial responsibility
and standing as Landlord may require. Upon receipt of such request and upon the
furnishing of such information by the Tenant, Landlord shall have the option to
cancel and terminate this Lease (i) completely, if the request was for an
assignment of this Lease or subletting of all of the Demised Premises, or (ii)
if such request was for or a subletting of a portion of the Demised Premises,
then with respect to such portion.
(B) Landlord shall exercise such option to cancel and terminate by
notice in writing to that effect to Tenant within ten (10) days from receipt of
Tenant's request and the information set forth above, and Landlord's notice
shall set forth the date of cancellation, which date shall be no less than sixty
(60) nor more than ninety (90) days from the date of the service of Landlord's
notice. If such option is so exercised, then upon such date of cancellation the
Lease for the entire Demised Premises or specified portion thereof, as the case
may be, shall cease and terminate with the same force and effect as though the
date set forth in the notice were the date set forth in this Lease as the
expiration of the Term, and the Tenant shall surrender possession of the entire
Demised Premises, or portion thereof, as the case may be, in accordance with the
provisions of the Lease relating to surrender of the Demised Premises at the
expiration of the Term. If Landlord exercises the option to cancel the Lease as
to a portion of the Demised Premises only, the terms of this Lease shall remain
in full force as to the remainder of the Demised Premises, for the balance of
the Term, except to the extent that the area of the Demised Premises is reduced
with a proportionate reduction in rent.
(C) If Landlord does not exercise its option to cancel as
aforementioned than Tenant may assign or sublet all or a portion of the Demised
Premises, provided that Landlord has given its prior written consent and
provided further that: (i) the Tenant is not then in default hereunder; (ii) the
rental provided for in such assignment or sublease is not less than the rental
provided for herein; (iii) the Demised Premises are to be used for executive
offices only by a person, firm or corporation engaged in a lawful commercial
business (other than a business operating data processing machinery in the
Demised Premises larger than desk top size), but not for the practice of
medicine, (iv) such assignee or sublessee shall be financially responsible and
of good reputation; (v) the business of such assignee or sublessees or the use
to which such Demised Premises shall be put shall not be violation of any
restriction against competition contained in any other lease to which Landlord
is a party; (vi) the assignee or sublessee is not engaged in the containerized
shipping business or as a governmental agency of a communist agency and (vii) a
duplicate original of an instrument in writing assigning this Lease or
subletting the Demised Premises, duly executed by the assignor or sublessor and
assignee or sublessee, as the case may be, in recordable form, containing
therein an assumption by said assignee or an agreement by said sublessee to take
subject to (and an agreement by Tenant to remain liable to Landlord for) all the
terms and conditions of this Lease on the part of the Tenant to be performed.
(D) The provisions of this Article 18 shall apply to each such proposed
subletting, none of which shall be effective until all of the foregoing shall
have been complied with. Notwithstanding any
- 28 -
29
subletting, Tenant and any future sublessor shall remain liable for the full
performance of all the terms and conditions of this Lease on the part of the
Tenant to be performed.
18.05 Tenant shall not offer to assign or sublet either the entire
Demised Premises or a specified portion thereof to any other Tenant in the
Building or to any party in negotiations with Landlord to lease a portion of the
Building.
18.06 Tenant specifically agrees that it will not, at any time, without
Landlord's prior written consent, advertise or publicize in any way the
availability of all or part of the Demised Premises, or list or publicly
advertise the Demised Premises for subletting, whether through a broker, agent,
representative or otherwise.
ARTICLE 19 -- COMPLIANCE WITH LAWS AND REQUIREMENTS
OF PUBLIC AUTHORITIES: RULES & REGULATIONS
19.01 Tenant shall promptly notify Landlord of any written notice it
receives of the violation of any law or requirements which shall, with respect
to the Building or the Demised Premises or the use and occupation thereof or the
abatement of any nuisance, impose any violation, order or duty on Landlord or
Tenant, arising from (i) Tenant's use of the Demised Premises, (ii) the manner
of conduct of Tenant's business or operation of its installations, equipment or
other property therein, (iii) any cause or condition created by or at the
instance of Tenant, or (iv) breach of any of Tenant's obligations hereunder.
19.02 Tenant shall promptly furnish to Landlord all information
requested by Landlord which may be required for all reports to be filed by
Landlord in accordance with any directives of the Secretary of the United States
Department of Housing and Urban Development or any statute, rule or regulation
of the United States Department of Housing and Urban Development in connection
with the Urban Development Action Grant used to finance part of the construction
of the Building.
19.03 Tenant and its employees and agents shall faithfully observe and
comply with the Rules and Regulations annexed hereto as Exhibit "B". and such
reasonable changes therein (whether by modification, elimination or addition) as
Landlord at any time or times hereafter may make and communicate in writing to
Tenant, which do not unreasonably affect the conduct of Tenant's business in the
Demised Premises; provided, however, that in case of any conflict or
inconsistency between the provisions of this Lease and any Rules and Regulations
changed subsequent to the date of this Lease the provisions of this Lease shall
control.
19.04 Nothing in this Lease contained shall be construed to impose upon
Landlord any duty or obligation to Tenant to enforce the Rules and Regulations
or the terms, covenants or conditions in any other lease, as against any other
tenant unless requested to do so by Tenant, but Landlord shall not be liable to
Tenant for violation of the same by any other tenant or its employees, agents or
visitors.
ARTICLE 20 -- QUIET ENJOYMENT
20.01 Landlord covenants that if, and so long as, Tenant pays all of
the Fixed Rent and additional rent due hereunder, and keeps and performs each
and every covenant, agreement, term, provision and condition herein contained on
the part and on behalf of Tenant to be kept and performed, Tenant shall quietly
enjoy the Demised Premises without hinderance or molestation by Landlord or any
other person lawfully claiming the same, subject to the covenants,
- 29 -
30
agreements, terms, provisions and conditions of this Lease and to any superior
leases and/or superior mortgages.
ARTICLE 21 -- NON-LIABILITY & INDEMNIFICATION
21.01 Neither Landlord nor any agent or employee of Landlord shall be
liable to Tenant, its employees, agents, contractors and licensees, and Tenant
shall hold Landlord harmless from any injury or damage to Tenant or to any other
persons for any damage to, or loss (by theft or otherwise) of, any property of
Tenant and/or of any other person, irrespective of the cause of such injury,
damage or loss, unless caused by or due to the gross negligence of Landlord, its
agents or employees without contributory negligence on the part of Tenant.
Landlord shall not be liable in any event for loss of, damage to, any property
entrusted to any of Landlord's employees or agents by Tenant without Landlord's
specific written consent.
21.02 Tenant shall defend, indemnify and save harmless Landlord and its
agent and employees against and from all liabilities, obligations, damages,
penalties, claims, costs, charges and expenses, including reasonable experts'
and attorneys' fees, which may be imposed upon or incurred by or asserted
against Landlord and/or its agents by reason of any of the following occurring
during the Term, or during any period of time prior to the Commencement Date
that Tenant may have been given access to or possession of all or any part of
the Demised Premises: (a) any work or thing done in on or about the Demised
Premises or any part thereof by or at the instance of Tenant, its agents,
contractors, subcontractors, servants, employees, licensees or invitees; (b) any
negligence or otherwise wrongful act or omission on the part of Tenant or any of
its agents, contractors, subcontractors, servants, employees, subtenants,
licensees, or invitees; (c) any accident, injury or damage to any person or
property occurring in on or about the Demised Premises or any part thereof, or
vault, passageway or space adjacent thereto; (d) any failure on the part of
Tenant to perform or comply with any of the covenants, agreements, terms,
provisions, conditions or limitations contained in this Lease on its part to be
performed or complied with. In case any action or proceeding is brought against
Landlord by reason of any such claim, Tenant upon written notice from Landlord
shall at Tenant's expense resist or defend such action or proceeding by Counsel
approved by Landlord in writing, which approval Landlord shall not unreasonably
withhold.
21.03 Whenever either party shall be obligated under the terms of this
Lease to indemnify the other party, the indemnifying party may select legal
counsel (subject to the consent of the indemnified party, which consent shall
not be unreasonably withheld) and shall keep the indemnified party fully
appraised at all times of the status of such defense. Legal counsel of the
insurer for either party is hereby deemed satisfactory to both parties.
21.04 Except as otherwise expressly provided herein, this Lease and the
obligations of Tenant to pay rent hereunder and perform all of the other
covenants, agreements, terms, provisions and conditions hereunder on the part of
Tenant to be performed shall in no wise be affected, impaired or excused because
Landlord is unable to fulfill any of its obligations under this Lease or is
unable to supply or is delayed in supplying any service, express or implied, to
be supplied or is unable to make or is delayed in supplying any equipment or
fixtures if Landlord is prevented or delayed from so doing by reason of any
Unavoidable Delays, as defined in Section 3.02 hereof; provided that Landlord
shall in each instance exercise reasonable diligence to effect performance when
and as soon as possible. However, nothing contained in this Section shall be
deemed to extend or otherwise modify or affect any of the time limits and
conditions set forth in Section 22.03.
- 30 -
31
ARTICLE 22 -- DESTRUCTION AND DAMAGE
22.01 If the Demised Premises and/or access thereto shall be partially
or totally damaged or destroyed by fire or other casualty, then, Landlord shall,
subject to its rights under Section 22.03 hereof, repair the damage and restore
and rebuild the Demised Premises and/or access thereto as nearly as may be
reasonably practical to its condition and character immediately prior to such
damage or destruction, with reasonable diligence after notice to it of the
damage or destruction.
22.02 It the Demised Premises and/or access thereto shall be partially
or totally damaged or destroyed by fire or other casualty not attributable to
the fault, negligence or misuse of the Demised Premises by the Tenant, its agent
or employees under the provisions of this Lease, the rents payable hereunder
shall be abated to the extent that the Demised Premises shall have been rendered
untenantable from the date of such damage or destruction to the date the damage
shall be substantially repaired or restored or rebuilt. Should Tenant reoccupy a
portion of the Demised Premises during the period that the repair, restoration,
or rebuilding is in progress and prior to the date that the same are made
completely tenantable, rents allocable to such portion shall be payable by
Tenant from the date of such occupancy to the date the Demised Premises are made
tenantable.
22.03 In case of substantial damage or destruction of the Demised
Premises, Tenant may terminate this Lease by notice to Landlord, if Landlord has
not completed the making of required repairs and restored and rebuilt the
Demised Premises and/or access thereto within 9 months from the date of such
damage or destruction, and such additional time after such date (but in no event
exceed 9 months) as shall equal the aggregate period Landlord may have been
delayed in doing so by adjustment of insurance or Unavoidable Delays.
In case the Building shall be so damaged by such fire or other casualty
that substantial renovation, reconstruction or demolition of the Building shall,
in Landlord's opinion, be required (whether or not the Demised Premises shall
have been damaged by such fire or other casualty), then Landlord may, at its
option, terminate this Lease and the Term and estate hereby granted, by
notifying Tenant of such termination, within sixty (60) days after the date of
such damage. If at any time prior to Landlord giving tenant the aforesaid notice
of termination or commencing the repair and restoration pursuant to Section
22.01, the holder of a superior mortgage or the lessor of a superior lease or
any person claiming under or through the holder of such superior mortgage or the
lessor of such superior lease takes possession of the Building through
foreclosure or otherwise, such holder, lessor, or person shall have a further
period of sixty (60) days from the date of so taking possession to terminate
this Lease by appropriate written notice to Tenant. In the event that such a
notice of termination shall be given pursuant to either of the next two
preceding sentences, this Lease and the Term and estate hereby granted shall
expire as of the date of such termination with the same effect as if that were
the date hereinabove set for the expiration of the Term, and the Fixed Rent and
additional rent due and to become due hereunder shall be apportioned as of such
date if not earlier abated pursuant to Section 22.02. Nothing contained in this
Section 22.03 shall relieve Tenant from any liability to Landlord or to its
insurers in connection with any damage to the Demised Premises or the Building
by fire or other casualty if Tenant shall be legally liable in such respect.
22.04 No damages, compensation or claim shall be payable by Landlord
for inconvenience, loss of business or annoyance arising from any repair or
restoration of any portion of the Demised
- 31 -
32
Premises or of the Building pursuant to this Article. Landlord shall use its
best efforts to effect such repair or restoration promptly and in such manner as
not unreasonably to interfere with Tenant's use and occupancy.
22.05 Landlord will not carry insurance of any kind on Tenant's
Property, and, except as provided by law or its breach of any of its obligations
hereunder, shall not be obligated to repair any damage thereto or replace the
same.
22.06 The provisions of this Article shall be considered an express
agreement governing any case of damage or destruction of the Demised Premises by
fire or other casualty, and any statute or regulation providing for such a
contingency in the absence of, an express agreement, now or hereafter in force,
shall have no application in such case.
22.07 Notwithstanding any of the foregoing provisions of this Lease if
Landlord or the lessor of any superior lease or the holder of any superior
mortgage shall be unable to collect all of the insurance proceeds (including
rent insurance proceeds) applicable to damage or destruction of the Demised
Premises or the Building by fire or other cause, by reason of some action or
inaction on the part of Tenant or any of its employees, agents or contractors,
then, without prejudice to any other remedies which may be available against
Tenant, the abatement of Tenant's rents provided for in this Article shall not
be effective to the extent of the uncollected insurance proceeds.
ARTICLE 23 -- EMINENT DOMAIN
23.01 In the event that the land, Building or any part thereof, or the
Demised Premises or any part thereof, shall be taken in condemnation proceedings
or by the exercise of any right of eminent domain or by agreement between any
superior lessors and lessees and/or Landlord on the one hand and any
governmental authority authorized to exercise such right on the other hand,
Landlord shall be entitled to collect from any condemnor the entire award or
awards that may be made in any such proceeding without deduction therefrom for
any estate hereby vested in or owned by Tenant, to be paid out as in this
Article provided. Tenant hereby expressly assigns to Landlord all of its right,
title and interest in or to every such award (with the exception of that portion
of the award specifically allocated as Tenant's moving expenses, to the extent
that the same does not decrease Landlord's award) and also agrees to execute any
and all further documents that may be required in order to facilitate the
collection thereof by Landlord.
23.02 At any time during the Term if title to the whole or
substantially all of the land, Building and/or Demised Premises shall be taken
in by condemnation proceedings or by the exercise of any right of eminent domain
or by agreement between any superior lessors and lessees and/or Landlord on the
one hand and any governmental authority authorized to exercise such right on the
other hand, this Lease shall terminate and expire on the date of such taking and
the Fixed Rent and additional rent provided to be paid by Tenant shall be
apportioned and paid to the date of such taking.
23.03 However, if substantially all of the land or Building is not so
taken and if only a part of the entire Demised Premises shall be so taken, this
Lease nevertheless shall continue in full force and effect, except that either
party may elect to terminate this Lease if that portion of the Demised Premises
then occupied by Tenant shall be reduced by more than 25%, by notice of such
election to the other party given not later than thirty (30) days after (i)
notice of such taking is given by the condemning authority, or (ii) the date of
such taking, whichever occurs later.
- 32 -
33
Upon the giving of such notice this Lease shall terminate on the date of service
of such notice and the Fixed Rent and additional rent due and to become due,
shall be prorated and adjusted as of the date of the taking. If both parties
fail to give such notice upon such partial taking, and this Lease continues in
force as to any part of the Damaged Premises not taken, the rents apportioned to
the part taken shall be prorated and adjusted as of the date of taking and from
such date the Fixed Rent and additional rent shall be reduced to the amount
apportioned to the remainder of the Demised Premises, and the Tenant's Share
shall be recomputed to reflect the number of square feet of Tenant's Floor Space
remaining in the Damaged Premises in relation to the number of square feet of
Total Building Floor Space remaining in the Building.
23.04 Notwithstanding the foregoing provisions of this Article and
subject to the interest of any mortgagees or lessor or grantor under any
superior mortgage or superior lease, Tenant shall be entitled to appear, claim,
prove and receive in the proceedings relating to any taking mentioned in the
preceding Sections of this Article, such portion of each award made therein as
represents the then value of Tenant's Property.
23.05 In the event of any such taking of less than the whole of the
Building which does not result in a termination of this Lease, Landlord, at its
expense, shall proceed with reasonable diligence to repair, alter and restore
the remaining part of the Building and the Demised Premises to substantially the
same condition as it was in immediately prior to such taking to the extent that
the same may be feasible, so as to constitute a tenantable Building and Damaged
Premises, providing that Landlord's liability under this Section shall be
limited to the amount received by Landlord as an award arising out of such
taking.
ARTICLE 24 -- SURRENDER
24.01 On the last day of the Term, or upon any earlier termination of
this Lease, or upon any re-entry by Landlord upon the Demised Premises, Tenant
shall quit and surrender the Demised Premises to the Landlord broom clean, in
good order, condition and repair except for ordinary wear and tear and damage by
fire or other insured casualty, restored as provided in Section 12.01.
24.02 Prior to such surrender, Tenant shall (a) remove Tenant's
Property subject to the provisions of Article 13 hereof, (b) at Landlord's
request remove from the Demised Premises all improvements, alterations,
additions, fixtures and equipment (sometimes herein called "additional work")
other than Tenant's Work attached hereto as Exhibit C whether such additional
work was performed by Tenant or by Landlord on Tenant's behalf, and whether such
additional work consisted of extra or special work or additional items or
quantities of Building standard work, and (c) at Landlord's request, repair any
damage and make any replacements to the Building or the Demised Premises
resulting from or necessitated by such removal, and restore those parts of the
Demised Premises from which the removal referred to in subparagraphs (a) and (b)
above occurred, to a condition which will blend with and be comparable to
adjacent areas. Tenant's removal and repair obligations hereunder with respect
to the Demised Premises shall extend to the core area or any other part of the
Building where any additional work was performed by or on behalf of Tenant. If
Tenant shall fail to perform as provided in this Section 24.02, Landlord shall
have the right to do so at Tenant's cost and expense, without further notice or
demand upon Tenant, and Tenant shall indemnify Landlord against all loss or
liability resulting therefrom, including, without limitation, any delay in
granting occupancy of the Demised Premises to a future occupant.
- 33 -
34
ARTICLE 25 -- CONDITIONS OF LIMITATION
25.01 This Lease and the estate hereby granted are subject inter alia
to the limitation that whenever Tenant shall make an assignment for the benefit
of creditors, or shall file a voluntary petition under any bankruptcy or
insolvency law, or an involuntary petition alleging an act of bankruptcy or
insolvency is filed against Tenant, or whenever a petition shall be filed by or
against Tenant seeking any reorganization, arrangement, composition,
readjustment, liquidation, dissolution or similar relief under any present or
any future federal bankruptcy act or any other present or future applicable
federal, state or other statute or law, or shall seek or consent to or acquiesce
in the appointment of any trustee, receiver or liquidator of Tenant or of all or
any substantial part of its properties, or whenever a permanent or temporary
receiver of Tenant or of, or for, the property of Tenant shall be appointed, or
if Tenant shall plead bankruptcy or insolvency as a defense in any action or
proceeding, then, Landlord, (a) at any time after receipt of notice of the
occurrence of any such event, or (b) if such event occurs without the
acquiescence of Tenant, at any time after the event continues for sixty (60)
days, may give Tenant a notice of intention to end the Term at the expiration of
five (5) days from the service of such notice of intention, and upon the
expiration of said five (5) day period Lease and the Term and estate hereby
granted, whether or not the Term shall theretofore have commenced, shall
terminate with the same effect as if that day were the Expiration Date, but
Tenant shall remain liable for damages as provided as in Article 27.
25.02 This Lease and the Term and estate hereby granted and subject to
the further limitation that, (a) whenever Tenant shall default in the payment of
any installment of Fixed Rent, or in the payment of any additional rent, on any
day upon which the same shall be due and payable and such default shall continue
for five (5) days after the giving of notice thereof by Landlord, or (b)
whenever Tenant shall do or permit anything to be done, whether by action or
inaction, contrary to any of Tenant's obligations hereunder, and if such
situation shall continue and shall not be remedied by Tenant within thirty (30)
days after Landlord shall have given to Tenant a notice specifying the same, or,
in the case of a happening or default which cannot with due diligence be cured
within a period of thirty (30) days and the continuance of which for the period
required for cure will not subject Landlord to the risk of criminal liability or
termination of any superior lease or foreclosure of any superior mortgage, if
Tenant shall not duly institute within such thirty (30) day period and promptly
and diligently prosecute to completion all steps necessary to remedy the same,
or (c) whenever any event shall occur or any contingency shall arise whereby
this Lease or any interest therein or the estate hereby granted or any portion
thereof or the unexpired balance of the Term hereof would, by operation of law
or otherwise, devolve upon or pass to any person, firm or corporation other than
Tenant, except as expressly permitted by Article 18 or (d) whenever Tenant shall
abandon the Demised Premises, or a substantial portion of the Demised Premises
shall remain vacant for a period of thirty (30) consecutive days, unless such
vacancy arises as a result of a casualty; then in any such event covered by
subsections a, b, c or d of this Section 25.2 at any time thereafter, Landlord
may give to Tenant a notice of intention to end the Term of this Lease at the
expiration of three (3) days from the date of the service of such notice of
intention, and upon the expiration of said three (3) days this Lease and the
Term and the estate hereby granted, whether or not the Term shall theretofore
have commenced, shall terminate with the same effect as if that day were the
Expiration Date, but Tenant shall remain liable for damages as provided in
Article 27.
- 34 -
35
ARTICLE 26 -- RE-ENTRY BY LANDLORD --
DEFAULT PROVISIONS
26.01 If this Lease shall terminate for any reason whatsoever, Landlord
or Landlord's agents and employees may, without further notice, immediately or
at any time thereafter, enter upon and re-enter the Demised Premises, or any
part thereof, and possess or repossess itself thereof either by summary
dispossess proceedings, ejectment or by any suitable action or proceeding at
law, or by agreement, or by force or otherwise, and may dispossess and remove
Tenant and all other persons and property from the Demised Premises without
being liable to indictment, prosecution or damages therefor, and may repossess
the same, and may remove any persons therefrom, to the end that Landlord may
have, hold and enjoy the Demised Premises and the right to receive all rental
income again as and of its first estate and interest therein. The words "enter"
or "re-enter", "possess" or "repossess" as herein used, are not restricted to
their technical legal meaning. In the event of the termination of this Lease, or
of re-entry by summary dispossess proceedings, ejectment or by any suitable
action or proceeding at law, or by agreement, or by force or otherwise by reason
of default hereunder on the part of Tenant, Tenant shall thereupon pay to
Landlord the Fixed Rent and additional rent due up to the time of such
termination of this Lease or of such recovery of possession of the Demised
Premises by Landlord, as the case may be, and shall also pay to Landlord damages
as provided in Article 27.
26.02 In the event of any breach or threatened breach by Tenant of any
of the agreements, terms, covenants or conditions contained in this Lease,
Landlord shall be entitled to enjoin such breach or threatened breach and shall
have the right to invoke any right and remedy allowed at law or in equity or by
statute or otherwise as though re-entry, summary proceedings, and other remedies
were not provided for in this Lease.
26.03 Each right and remedy of Landlord provided for in this Lease
shall be cumulative and shall be in addition to every other right or remedy
provided for in this Lease or now or hereafter existing at law or in equity or
by statute or otherwise, and the exercise or beginning of the exercise by
Landlord of any one or more of the right or remedies provided for in this Lease
or now or hereafter existing at law or in equity or by statute or otherwise
shall not preclude the simultaneous or later exercise by Landlord of any or all
other rights or remedies provided for in this Lease or now or hereafter existing
at law or in equity or by statue or otherwise.
26.04 If this Lease shall terminate under the provisions of Article 25,
or if Landlord shall re-enter the Demised Premises under the provisions of this
Article 26, or in the event of the termination of this Lease, or of re-entry, by
or under any summary dispossess or other proceeding or action or any provision
of law by reason of default hereunder on the part of Tenant, Landlord shall be
entitled to retain all monies, if any, paid by Tenant to Landlord, whether as
advance rent, security or otherwise, but such monies shall be credited by
Landlord against any Fixed Rent or additional rent due from Tenant under Article
27 or pursuant to law.
ARTICLE 27 -- DAMAGES
27.01 If this Lease is terminated under the provisions of Article 25,
or if Landlord shall re-enter the Demised Premises under the provisions of
Article 26 or in the event of the termination of this Lease, or of re-entry by
summary dispossess proceedings, ejectment or by any suitable action or
proceeding at law, or by agreement, or by force or otherwise, by reason of
- 35 -
36
default hereunder on the part of Tenant, Tenant shall pay to Landlord as
damages, at the election of Landlord, on demand either,
(a) a sum which at the time of such termination of this Lease or at the
time of any such re-entry by Landlord, as the case may be, represents the excess
of (1) the aggregate of the Fixed Rent and the additional rent payable hereunder
which would have been payable by Tenant (conclusively presuming the additional
rent to be the same as was payable for the year immediately preceding such
termination) for the period commencing with such earlier termination of this
Lease or the date of any such re-entry, as the case may be, and ending with the
expiration of the Term, had this Lease not so terminated or had Landlord not so
re-entered the Demised Premises over (2) the aggregate rental value (calculated
as of the date of such termination or re-entry) of the Demised Premises for
the same period, or,
(b) a sum equal to the Fixed Rent and the additional rent (as above
presumed) payable hereunder which would have been payable by Tenant had this
Lease not so terminated, or had Landlord not so re-entered the Demised Premises,
payable quarterly or otherwise upon the terms therefor specified herein
following such termination or such re-entry and until the expiration of the
Term, provided, however, that if Landlord shall relet the Demised Premises or
any portion or portions thereof during said period, Landlord shall credit Tenant
with the net rents such net rents to be determined by first deducting from the
gross rents as and when received by Landlord from such reletting the expenses
incurred or paid by Landlord in terminating this Lease or in re-entering the
Demised Premises and in securing possession thereof, as well as the expenses of
reletting, including altering and preparing the Demised Premises or any portion
or portions thereof for new tenants, brokers' commissions, advertising expenses,
attorneys' fees, and all other expenses properly chargeable against the Demised
Premises and the rental therefrom; it being understood that any such reletting
may be for a period shorter or longer than the remaining Term of this Lease, but
in no event shall Tenant be entitled to receive any excess of such net rents
over the sums payable by Tenant to Landlord hereunder, nor shall Tenant be
entitled in any suit for the collection of damages pursuant to this Subsection
to a credit in respect of any net rents from a reletting, except to the extent
that such net rents are actually received by Landlord. If the Demised Premises
or any part thereof should be relet in combination with other space, then proper
apportionment shall be made of the rent received from such reletting and of the
expenses of reletting.
If the Demised Premises or any part thereof be relet by Landlord for
the unexpired portion of the Term, or any part thereof, before presentation of
proof of such damages to any court, commission, or tribunal, the amount of rent
payable upon such reletting shall, prima facie, be the fair and reasonable
rental value for the Demised Premises or any part thereof or evidence of damage
for failure to collect any rent due upon any such reletting.
27.02 Suit or suits for the recovery of such damages, or any
installments thereof, may be brought by Landlord from time to time at its
election, and nothing contained herein shall be deemed to require Landlord to
postpone suit until the date when the Term would have expired if it had not been
so terminated under the provision of Article 26, or under any provision of law,
or had Landlord not re-entered the Demised Premises. Nothing herein contained
shall be construed to limit or preclude recovery by Landlord against Tenant of
any sums or damages to which, in addition to the damages particularly provided
above, Landlord may lawfully be entitled by reason of any default hereunder or
otherwise on the part of Tenant. Nothing herein contained shall be construed to
limit or prejudice the right of the Landlord to prove and obtain as damages by
reason of the termination of this Lease or
- 36 -
37
re-entry on the Demised Premises for the default of Tenant under this Lease, an
amount equal to the maximum allowed by any statute or rule of law in effect at
the time when, and governing the proceedings in which, such damages are to be
proved whether or not such amount be greater, equal to, or less than any of the
sums referred to Section 27.01.
27.03 Anything in this Lease to the contrary notwithstanding, if Tenant
shall at any time be in default hereunder, and if Landlord shall institute an
action or summary proceeding against Tenant based upon such default, or if such
default results from non-payment of Fixed Rent or additional rent whether or not
such an action or proceeding is instituted, then Tenant shall reimburse
Landlord, as additional rent, for the expense of attorneys' fees and
disbursements thereby incurred by Landlord, so far as the same are reasonable.
ARTICLE 28 -- WAIVERS
28.01 Tenant, for itself, and on behalf of any and all persons claiming
through or under Tenant, including creditors of all kinds, does hereby waive and
surrender all right and privilege so far as is permitted by law, which they or
any of them might have under or by reason of any present or future law, of the
service of any notice of intention to re-enter and also waives any and all right
of redemption or re-entry or repossession in case Tenant shall be dispossessed
or ejected by process of law, or in case of re-entry or repossession by
Landlord, or in case of any expiration or termination of this Lease as herein
provided.
28.02 Tenant waives Tenant's rights, if any, to designate the items
against which any payments made by Tenant are to be credited, and Tenant agrees
that Landlord may apply any payments made by Tenant to any items against which
any such payments shall be credited.
28.03 Tenant waives Tenant's rights, if any, to assert a counterclaim
in any summary proceeding brought by Landlord against Tenant, and Tenant agrees
to assert any such claim against Landlord only by way of a separate action or
proceeding, unless prohibited by law or rule of Court.
28.04 To the extent permitted by applicable law, Landlord and Tenant
hereby waive trial by jury in any action, proceeding or counterclaim brought by
either against the other on any matter whatsoever arising out of or in any way
connected with this Lease, the relationship of Landlord and Tenant, or Tenant's
use of occupancy of the Demised Premises, or any emergency or other statutory
remedy with respect thereto.
28.05 The provisions of Article 8 and 9 shall be considered express
agreements governing the services to be furnished by Landlord, and Tenant agrees
that any laws and/or requirements of public authorities, now or hereafter in
force, shall have no application in connection with any enlargement of
Landlord's obligations with respect to such services.
ARTICLE 29 -- NO OTHER WAIVERS OR MODIFICATIONS
29.01 The failure of Landlord to insist on any one or more instances
upon the strict performance of any one or more of the agreements, terms,
covenants, conditions or obligations of this Lease, Exhibits and Riders thereto,
or to exercise any right, remedy or election herein contained, shall not be
construed as a waiver or relinquishment for the future of the performance of
such one or more obligations of this Lease or of the right to exercise such
election, but the same shall continue and remain in full force
- 37 -
38
and effect with respect to any subsequent breach, act or omission. The manner of
enforcement or the failure of Landlord to enforce any of the Rules and
Regulations set forth herein, or hereafter adopted against the Tenant and/or any
other tenant in the Building shall not be deemed a waiver of any such Rules and
Regulations. No executory agreement hereafter made between Landlord and Tenant
shall be effective to change, modify, waive, release, discharge, terminate or
affect an abandonment of this Lease, in whole or in part, unless such executory
agreement is in writing, refers expressly to this Lease and is signed by the
party against whom enforcement of the change, modification, waiver, release,
discharge or termination or effectuation of the abandonment is sought.
29.02 The following specific provisions of this Section shall not be
deemed to limit the generality of the foregoing provision of this Article:
(a) no agreement to accept a surrender of all or any part of the
Damaged Premises shall be valid unless in writing and signed by Landlord. The
delivery of keys to an employee of Landlord or of its agent shall not operate as
a termination of this Lease or a surrender of the Damaged Premises. If Tenant
shall at any time request Landlord to sublet the Damaged Premises for Tenant's
account, Landlord or its agent is authorized to receive said keys for such
purposes without releasing Tenant from any of its obligations under this Lease,
and Tenant hereby releases Landlord from any liability for loss or damage to any
of Tenant's Property in connection with such subletting.
(b) the receipt or acceptance by Landlord of rents with knowledge of
breach by Tenant of any term, agreement, covenant, condition or obligation of
this Lease shall not be deemed a waiver of such breach.
(c) no payment by Tenant or receipt by Landlord of a lesser amount than
the correct Fixed Rent or additional rent due hereunder shall be deemed to be
other than a payment on account, nor shall any endorsement or statement on any
check or any letter accompanying any check or payment be deemed to affect or
evidence an accord and satisfaction, and Landlord may accept such check or
payment without prejudice to Landlord's right to recover the balance or pursue
any other remedy in this Lease or provided at law.
(d) if, in connection with obtaining, continuing or renewing financing
for which the Building, land or a leasehold or any interest therein represents
collateral in whole or in part, a bank, insurance company or other lender shall
request reasonable modifications of this Lease as a condition of such financing,
Tenant will not unreasonably withhold, delay or defer its consent thereto,
provided that such modifications do not increase the obligations of Tenant
hereunder or adversely affect to a material degree the Tenant's leasehold
interest hereby created.
ARTICLE 30 -- CURING TENANT'S DEFAULTS, ADDITIONAL RENT
30.01 If Tenant shall default in the performance of any of its
obligations under this Lease, Landlord, without thereby waiving such default,
may (but shall not be obligated to) perform the same for the account and at the
expense of Tenant, without notice, in a case of emergency, and in any other
case, only if such default continues after the expiration of ten (10) days from
the date Landlord gives Tenant notice of intention so to do.
30.02 Bills for any expenses incurred by Landlord in connection with
any such performance by it for the account of Tenant, and bills for all costs,
expenses and disbursements of every kind and nature whatsoever, including
reasonable counsel
- 38 -
39
fees, involved in collecting or endeavoring to collect the fixed rent or
additional rent or any part thereof or enforcing or endeavoring to enforce any
rights against Tenant, under or in connection with this Lease, or pursuant to
law, including any such cost, expense and disbursement involved in instituting
and prosecuting summary proceedings, as well as bills for any property,
material, labor or services provided, furnished, or rendered, by Landlord may be
sent by Landlord to Tenant monthly, or presented immediately, at Landlord's
option, and, shall be due and payable in accordance with the terms of such
bills.
ARTICLE 31 -- NOTICES -- SERVICE OF PROCESS
31.01 Any notice, statement, demand, request or other communication
required or permitted pursuant to this Lease or otherwise shall be in writing
and shall be deemed to have been properly given if sent by registered or
certified mail, return receipt requested, postage prepaid, addressed to the
other party at the address hereinabove set forth (except that after the
Commencement Date, Tenant's address, unless Tenant shall give notice to the
contrary, shall be the Building), and shall be deemed to have been given on the
expiration of five (5) business days after mailing. Either party may, by notice
as aforesaid, designate a different address or addresses for notices,
statements, demands or other communications intended for it. However, notices
requesting after hours service pursuant to sections 8.01 and 9.01 may be given,
provided they are in writing, by delivery to the Building superintendent or any
other person in the Building designated by Landlord to receive such notices, and
notice of fire, accident or other emergency shall be given by telegram or by
personal delivery of written notice to that address designated for this purpose
from time to time by the respective parties hereto.
31.02 Whenever either party shall consist of more than one person or
entity, any notice, statement, demand, or other communication required or
permitted, or any payment to be made shall be deemed duly given or paid if
addressed to or by (or in the case of payment by check, to the order of) any
such persons or entities who shall be designated from time to time as the
authorized representative of such party. Such party shall promptly notify the
other of the identity of such person or entity who is so to act on behalf of all
persons and entities then comprising such party and of all changes in such
identity.
31.03 Tenant agrees to give any Mortgagee, by Certified Mail, a copy of
any Notice of Default served upon the Landlord by Tenant provided that prior to
such notice Tenant has been notified, in writing, (by way of Notice of
Assignment of Rents and Leases, or otherwise) of the address of such Mortgagee.
Tenant further agrees that if Landlord shall have failed to cure such default
within the time provided for in this Lease, then the Mortgagee shall have an
additional thirty (30) days within which to cure such default or if such default
cannot be cured within that time, then such additional time as may be necessary
if within such thirty (30) days, any Mortgagee has commenced and is diligently
pursuing the remedies necessary to cure such default, (including but not limited
to commencement of foreclosure proceedings, if necessary to effect such cure) in
which event this lease shall not be terminated while such remedies are being so
diligently pursued.
ARTICLE 32 -- ESTOPPEL CERTIFICATE, MEMORANDUM
32.01 Tenant agrees, at any time and from time to time, as requested by
Landlord, upon not less than ten (10) days' prior notice, to execute and deliver
without cost or expense to the Landlord a statement certifying that this Lease
is unmodified and in full force and effect (or if there have been modifications,
that
- 39 -
40
the same is in full force and effect except as modified and stating the
modifications), certifying the dates to which the Fixed Rent and additional rent
have been paid, and stating whether or not, to the best knowledge of the Tenant,
the Landlord is in default in performance of any of its obligations under this
Lease, and, if so, specifying each such default of which the Tenant may have
knowledge, it being intended that any such statement delivered pursuant thereto
may be relied upon by any other person with whom the Landlord may be dealing.
The foregoing obligation shall be deemed a substantial obligation of the
tenancy, the breach of which shall give Landlord those remedies herein provided
for an event of default.
32.02 Tenant agrees not to record this Lease. At the request of either
party, Landlord and Tenant shall promptly execute, acknowledge and deliver a
memorandum with respect to this Lease sufficient for recording which Tenant may
record. Such memorandum shall not in any circumstances be deemed to change or
otherwise affect any of the obligations or provision of this Lease.
ARTICLE 33 -- NO OTHER REPRESENTATIONS,
CONSTRUCTION, GOVERNING LAW
33.01 Tenant expressly acknowledges and agrees that Landlord has not
made and is not making, and Tenant, in executing and delivering this Lease, is
not relying upon any warranties, representations, promises or statements, except
to the extent that the same are expressly set forth in this Lease or in any
other written agreement which may be made and executed between the parties
concurrently with the execution and delivery of this Lease and shall expressly
refer to this Lease. This Lease and said other written agreement(s) made
concurrently herewith are hereinafter referred to as the "lease documents". It
is understood and agreed that all understandings and agreements heretofore had
between the parties are merged in the Lease documents, which alone fully and
completely express their agreements and that the same are entered into after
full investigation, neither party relying upon any statement or representation
not embodied in the Lease documents, made by the other.
33.02 If any of the provisions of this Lease, or the application
thereof to any person or circumstances shall, to any extent, be invalid or
unenforceable, the remainder of this Lease, or the application of such provision
or provisions to persons or circumstances other than those as to whom or which
it is held invalid or unenforceable, shall not be affected thereby, and every
provision of this Lease shall be valid and enforceable to the fullest extent
permitted by law.
33.03 This Lease shall be governed in all respects by the laws of the
State of New Jersey.
ARTICLE 34 -- PARTIES BOUND
34.01 The obligations of this Lease shall bind and benefit the
successors and assigns of the parties with the same effect as if mentioned in
each instance where a party is named or referred to, except that no violation of
the provisions of Article 18 shall operate to vest any rights in any successor
or assignee of Tenant, and the provisions of this Article shall not be construed
as modifying the conditions of limitation contained in Article 25. However, the
obligations of Landlord under this Lease shall not be binding upon Landlord
herein named with respect to any period subsequent to the transfer of its
interest in the Building as owner or lessee thereof and in the event of such
transfer said obligation shall thereafter be binding upon each transfer of the
interest of the Landlord herein named as such owner or lessee of the Building,
- 40 -
41
but only with respect to the period ending with a subsequent transfer within the
meaning of this Article and such transferee, by accepting such interest shall be
deemed to have assumed such obligations except only as may be expressly
otherwise provided elsewhere in this Lease. A lease of Landlord's entire
interest in the Building as owner or lessee thereof shall be deemed a transfer
wherein the meaning of this Article 34.
ARTICLE 35 -- SHORING AND NOTICE OF ACCIDENTS AND DAMAGE
35.01 If an excavation or other substructure work shall be undertaken
or authorized upon land adjacent to the Building, Tenant, without liability on
the part of Landlord therefor, shall afford to the person causing or authorized
to cause such excavation or other substructure work, license to enter upon the
Demised Premises for the purpose of doing such work as such person shall deem
necessary to protect or preserve any of the walls or structures of the Building
or surrounding lands from injury or damage and to support the same by proper
foundations, pinning and/or underpinning, and, except in case of emergency, if
so requested by Tenant such entry shall be accomplished in the presence of a
representative of Tenant, who shall be designated by Tenant promptly upon
Landlord's request. The said license to enter shall be afforded by Tenant
without any claim for damages or indemnity against the Landlord and Tenant shall
not be entitled to any diminution or abatement of rent on account thereof.
35.02 Tenant shall give notice to Landlord, promptly after Tenant
learns thereof, of (i) any accident in or about the Demised Premises or the
Building, (ii) all fires in the Demised Premises, (iii) all damages to or
defects in the Demised Premises, including the fixtures, equipment and
appurtenances thereto, for the repair of which Landlord might be responsible or
which constitutes Landlord's property, and (iv) all damage to or defects in any
parts or appurtenances to the Building's sanitary, electrical, heating,
ventilating, air conditioning, elevator and other systems located in or passing
through the Demised Premises.
ARTICLE 36 -- VAULT, VAULT SPACE, AREA
No vaults, vault space or area whether or not enclosed or covered not
within the property line of the Building is leased hereunder, anything contained
in or indicated on any sketch, blue print or plan or anything contained
elsewhere in this Lease to the contrary notwithstanding. Landlord makes no
representation as to the location of the property line of the Building. All
vaults and vault space and all such areas not within the property line of the
Building, which Tenant may be permitted to use and/or occupy, is to be used
and/or occupied under a revocable license, and if any such license be revoked,
or if the amount of such space or area be diminished or required by any federal,
state or municipal authority or public utility, Landlord shall not be subject to
any liability nor shall Tenant be entitled to any compensation or diminution or
abatement of rent nor shall such revocation diminution or requisition be deemed
constructive or actual eviction. Any tax fee or charge of municipal authorities
for such vault or area shall be paid by Tenant.
ARTICLE 37 -- INABILITY TO PERFORM
This Lease and the obligation of Tenant to pay rent hereunder and
perform all of the other covenants and agreements hereunder on part of Tenant to
be performed shall in no wise be affected, impaired or excused because Landlord
is unable to fulfill any of its obligations under this lease or to supply or is
delayed in supplying any service expressly or impliedly to be supplied or is
- 41 -
42
unable to make, or is delayed in making any repair, additions, alterations or
decorations or is unable to supply or is delayed in supplying any equipment or
fixtures if Landlord is prevented or delayed from so doing by reason of strike
or labor troubles or any cause whatsoever including but not limited to,
government preemption in connection with a National Emergency or by reason of
any rule, order or regulation of any department or subdivision thereof of any
government agency or by reason of the conditions of supply and demand which have
been or are affected by war or other emergency.
ARTICLE 38--LIABILITY OF LANDLORD
Tenant shall look solely to the estate and interest of Landlord, its
successors and assigns, in the land and Building for the collection of a
judgment (or other judicial process) requiring the payment of money by Landlord
in the event of any default by Landlord hereunder, and no other property or
assets of Landlord shall be subject to levy, execution or other enforcement
procedure for the satisfaction of Tenant's remedies under or with respect to
either this Lease, the relationship of Landlord and Tenant hereunder or Tenant's
use and occupancy of the Damaged Premises. Neither the. partners comprising
Landlord (the "Partners"), nor the partners, shareholders, directors and
officers of Landlord or the Partners shall be liable for the performance of
Landlord's obligations under this Lease.
ARTICLE 39--BROKERAGE
Tenant represents and warrant that it has dealt only with Xxxxx Realty,
Inc. in connection with this Lease and Tenant does hereby agree to indemnify and
hold harmless the Landlord of and from any and all loss, costs, damage or
expense (including, without limitation, attorneys' fees and disbursements)
incurred by the Landlord by reason of any claim of or liability to any other
broker who shall claim to have dealt with Landlord or Tenant in connection with
this Lease.
ARTICLE 40 -- RENEWAL OPTION
40.01 If Tenant shall not be in default under any term, covenant and
condition of this Lease on the part of Tenant to be performed beyond any
applicable grace period, Tenant may by notice in writing given to Landlord at
least six (6) months before the Expiration Date (the "Option Exercise Date")
renew and extend this Lease for the further term of five (5) years (the "Renewal
Option Term") for the entire Demised Premises at Tenant's option according to
the terms and conditions of this Lease, as amended hereunder, with Fixed Rent at
Three Hundred Forty Thousand Two Hundred Dollars ($340,200.00) per year, payable
in monthly installments of $28,350.00 (as adjusted in accordance with this
Lease), plus additional rent as provided in this Lease.
40.02 If Tenant elects to exercise its option hereunder, the Term shall
be extended for the Damaged Premises without execution of an extension or
renewal lease. Within ten (10) days after a request of either party after the
exercise of such option, Landlord and Tenant shall execute, acknowledge and
deliver to each other duplicate originals of any instrument confirming that such
option was effectively exercised, but Tenant may not record such instrument.
- 42 -
43
ARTICLE 41 -- MISCELLANEOUS PROVISIONS
41.01 All work, including but not limited to, waxing or additional
cleaning that Tenant does or shall do in the Demised Premises, shall be done by
contractors employing union labor, approved in writing by Landlord and shall at
all times conform to the standards of the Building and shall comply with all
laws and/or requirements of public authorities. Tenant, as additional rent,
shall indemnify and hold harmless Landlord against any loss or damage Landlord
may sustain by reason of, and against, any order, decrees, judgments, attorney's
fees and expenses resulting from, failure of Tenant to comply with the
provisions hereof.
41.02 The Article headings in this Lease and the Table of Contents
prefixed to this Lease are inserted only as a matter of convenience or
reference, and are not to be given any effect whatsoever in construing this
Lease.
IN WITNESS WHEREOF, the parties' hereto have executed this instrument
the day and year first above written.
LANDLORD:
EVERGREEN AMERICA CORPORATION
By: /s/ XXXXXX XXXX
-----------------------------
XXXXXX XXXX, Deputy Junior
Vice President
Witness for Landlord
/s/ XXXXXX XXX
---------------------------
XXXXXX XXX
TENANT:
AXISTEL INTERNATIONAL, INC.
By: /s/ XXXXXXXX XXXXXX
-----------------------------
XXXXXXXX XXXXXX, E.V.P., President
Witness for Tenant
/s/ XXXXXXX X. XXXXXXXXX
---------------------------
XXXXXXX X. XXXXXXXXX
AN ATTORNEY AT LAW
OF NEW JERSEY
- 43 -
44
EXHIBIT A
DEMISED PREMISES
- 44 -
45
ONE
EVERTRUST
XXXXX
XXXXXXX XXXXX XXXX
0XX XXXXX
[FLOOR PLAN]
46
EXHIBIT B -- RULES AND REGULATIONS
1) The sidewalks, entrances, passages, lobby, elevators, vestibules,
stairways, corridors or halls shall not be obstructed or encumbered by any
tenant or used for any purpose other than ingress and egress to and from the
Demised Premises and Tenant shall not permit any of its employees, agents or
invitees to congregate in any of said areas. No door mat of any kind whatsoever
shall be placed or left in any public hall or outside any entry door of the
Demised Premises.
2) No awnings or other projections shall be attached to the outside
walls of the Building. No curtains, blinds, shades or screens shall be attached
to or hung in, or used in connection with, any window or door of the Demised
Premises, without the prior written consent of Landlord. Such curtains, blinds,
shades or screens must be of a quality, type, design and color, and attached in
the manner, approved by Landlord.
3) No sign, insignia, advertisements, object, notice or other lettering
shall be exhibited, inscribed, painted or affixed by any tenant on any part of
the outside or inside of the Demised Premises or the Building without the prior
written consent of Landlord. In the event of the violation of the foregoing by
any tenant, Landlord may remove the same without any liability, and may charge
the expense incurred in such removal to the tenant or tenants violating this
rule. Interior signs and lettering on doors and the directory shall, if and when
approved by Landlord, be inscribed, painted or affixed for each tenant by
Landlord at the expense of such tenant, and shall be of a size, color and style
acceptable to Landlord.
4) The sashes, sash doors, skylights, windows and doors that reflect or
admit light and air into the halls, passageways or other public places in the
Building shall not be covered or obstructed by Tenant, nor shall any bottles,
parcels or other articles be placed on the window xxxxx.
5) No showcases or other articles shall be put in front of or affixed
to any part of the exteriors of the Building, nor placed in the halls, corridors
or vestibules.
6) The water and wash closets and other plumbing fixtures shall not be
used for any purposes other than those for which they were designed or
constructed, and no sweepings, rubbish, rags, acids or other substances shall be
thrown or deposited therein. All damages resulting from any misuse of the
fixtures shall be borne by the tenant who, or whose servants, employees, agents,
visitors or licensees shall have caused the same.
7) No tenant shall xxxx, paint, drill into or in any way deface any
part of the Damaged Premises or the Building. No boring, cutting or stringing of
wires shall be permitted, except with the prior written consent of Landlord, and
as Landlord may direct. No tenant shall lay linoleum or other similar floor
covering, so that the same shall come in direct contact with the floor of the
Demised Premises, and, if linoleum or other similar floor covering is desired to
be used an interlining of builders deadening felt shall be first affixed to the
floor, by a paste or other material, soluble in water, the use of cement and
other similar adhesive material being expressly prohibited.
8) No bicycles, vehicles animals, fish or birds of any kind shall be
brought into or kept in or about the premises.
9) No noise, including, but not limited to, music or the playing of
musical instruments, recordings, radio or television which, in the judgment of
Landlord, might disturb other tenants in the Building, shall be made or
permitted by any tenant. Nothing shall be done or permitted in the Demised
Premises by Tenant which
- 45 -
47
would impair or interfere with the use or enjoyment by any other tenant of any
other space in the Building. No tenant shall throw anything out of the doors,
windows or skylights or down the passageways.
10) Tenant, its servants, employees, agents, visitors or licensees,
shall at no time bring or keep upon the Demised Premises any explosive fluid,
chemical or substance, nor any inflammable or combustible objects or materials
except subject to the provisions of Section 21.02(a) of the foregoing Lease.
11) Additional locks or bolts of any kind which shall not be operable
by the Grand Master Key for the Building shall not be placed upon any of the
doors or windows by any tenant, nor shall any changes be made in locks or the
mechanism thereof which shall make such locks inoperable by said Grand Master
Key. Each tenant shall, upon the termination of its tenancy, turn over to
Landlord all keys of offices and toilet rooms, either furnished to, or otherwise
procured by, such tenant and in the event of the loss of any keys furnished by
Landlord, such tenant shall pay to Landlord the cost thereof.
12) All removals from the Demised Premises or the Building, or the
moving or carrying in or out of the Demised Premises or the Building of any
safes, freight, furniture, packages, boxes, crates or any other object or matter
of any description must take place during such hours and using such elevators as
Landlord or its agent may determine from time to time. All deliveries of any
nature whatsoever to the Building or the Demised Premises must be made only
through Building entrances specified by Landlord for such deliveries. Landlord
reserves the right to inspect all objects and matter to be brought into the
Building and to exclude from the Building all objects and matter which violate
any of these Rules and Regulations or the Lease of which these Rules and
Regulations are a part. Landlord may require any person leaving the Building
with any package or other object or matter, to submit a pass, listing such
package or object or matter from the tenant from whose premises the package or
other object or matter is being removed, but the establishment and enforcement
of such requirement shall not impose any responsibility on the Landlord for the
protection of any tenant against the removal of property from the premises of
such tenant. Landlord shall, in no way, be liable to Tenant for damages or loss
arising from the admission, exclusion or ejection of any person to or from the
Demised Premises or the Building under the provisions of this Rule 12 or Rule 16
hereof.
13) Tenant shall not occupy or permit any portion of the Demised
Premises to be occupied as an office for a public stenographer or public typist,
or for the possession, storage, manufacture, or sale of beer, wine or liquor,
narcotics, dope, tobacco in any form, or as a xxxxxx, beauty or manicure shop,
or as an employment bureau. Tenant shall not engage or pay any employees on the
Demised Premises, except those actually working for Tenant on the Demised
Premises, nor advertise for laborers giving an address at the Demised Premises.
Tenant shall not use the Demised Premises or any part thereof, or permit the
Demised Premises or any part thereof to be used, for manufacturing, or for sale
at auction of merchandise, goods or property of any kind.
14) Tenant shall not obtain, purchase or accept for use in the Demised
Premises ice, drinking water, food, beverage, towel, barbering, boot blacking,
cleaning, floor polishing or other similar services from any persons not
authorized by Landlord in writing to furnish such services, provided always that
the charges for such services by persons authorized by Landlord are not
excessive. Such services shall be furnished only at such hours, in such places
within the Demised Premises, and under such regulations as may be fixed by
Landlord. Tenant shall not purchase or contract for waxing, rug shampooing,
venetian blind washing, furniture
- 46 -
48
polishing, lamp servicing, cleaning of electric fixtures, removal of garbage or
towel service in the Damaged Premises except from contractors, companies or
persons approved by the Landlord.
15) Landlord shall have the right to prohibit any advertising or
identifying sign by any tenant which in Landlord's judgment tends to impair the
reputation of the Building or its desirability as a Building for offices, and
upon written notice from Landlord, such tenant shall refrain from or discontinue
such advertising or identifying sign.
16) Landlord reserves the right to exclude from the Building during
hours other than Regular Business Hours (as defined in the foregoing Lease) all
persons who do not present a pass to the Building signed by Landlord. All
persons entering and/or leaving the Building during hours other than Regular
Business Hours may be required to sign a register. Landlord will furnish passes
to persons for whom any tenant requests such pass and shall be liable to
Landlord for all acts or omissions of such persons.
17) Tenant, before closing and leaving the Demised Premises at any
time, shall see that all lights are turned out. All entrance doors in the
Demised Premises shall be left locked by Tenant when the Demised Premises are
not in use. Entrance doors shall not be left open at any time.
18) Tenant shall, at Tenant's expense, provide artificial light and
electrical energy for the employees of Landlord and/or Landlord's contractors
while doing janitor service or other cleaning in the Demised Premises and while
making repairs or alterations in the Demised Premises.
19) The Demised Premises shall not be used for lodging or sleeping or
for any immoral or illegal purpose.
20) The requirements of tenants will be attended to only upon
application at the office of the Building. Employees of Landlord shall not
perform any work or do anything outside of their regular duties, unless under
special instructions from Landlord.
21) Canvassing, soliciting and peddling in the Building are prohibited
and each tenant shall cooperate to prevent the same.
22) There shall not be used in any space, or in any lobbies, corridors,
public halls or other public areas of the Building, either by any tenant or by
jobbers or any others, in the moving or delivery or receipt of safes, freight,
furniture, packages, boxes, crates, paper, office material, or any other object
or thing, any hand trucks except those equipped with rubber tires, side guards,
and such other safeguards as Landlord shall require. No move or delivery of any
object or thing of whatever nature, other than light-weight objects hand-carried
by not more than one person, shall be made without at least 24 hours' prior
written notice by Tenant to Landlord and without Tenant, prior to any such move
or delivery, laying (without affixation or attachment to any part of the floor
or floor covering) adequate masonite or plywood sheets covering all lobby,
corridor, public hall and other public area floors of the Building (whether
carpeted or terrazzo) over which such move or delivery shall take place.
23) Tenant shall not cause or permit any odors of cooking or other
processes or any unusual or objectionable odors to emanate from the Demised
Premises which would annoy other tenants or create a public or private nuisance.
No cooking shall be done in the Demised Premises except as is expressly
permitted in the foregoing Lease.
24) Tenant shall cooperate with Landlord in obtaining maximum
effectiveness of the cooling system by lowering and closing
- 47 -
49
venetian blinds and/or drapes and curtains when the sun's ray fall directly on
the windows of the Demised Premises. Tenant shall not permit the heating,
air-conditioning and ventilation system to become blocked by Tenant's curtains,
drapes or other installations.
25) Landlord reserves the right to rescind, alter or waive any rule or
regulation at any time prescribed for the Building when, in its judgment, if
deems it necessary or desirable for the reputation, safety, care or appearance
of the Building, or the preservation of good order therein, or the operation or
maintenance of the Building or the equipment thereof, or the comfort of tenants
or others in the Building. No rescission, alteration or waiver of any rule or
regulation in favor of one tenant shall operate as a rescission, alteration or
waiver in favor of any other tenant.
26) Tenant shall not permit its personnel, agents or visitors to litter
any public areas of the Building or the land or improvements on the land on
which the Building is located (including, without limitation, the walkways and
parking areas located thereon), and Tenant shall be responsible to, and shall
pay Landlord for the cost of removal of such litter within ten (10) days of
notice thereof by Landlord.
27) Subject to the provisions of Paragraph 10.01(c) Landlord shall not
unreasonably withhold its consent to the installation, maintenance and operation
by Tenant in the Demised Premises of data processing machines, office
duplicating machines, teletype machines and other business machines and
machinery customarily used in offices in the ordinary course of business,
provided, however, that Tenant shall comply with all other obligations of this
Lease that are applicable to or result from such installation, or operation.
28) Landlord shall not unreasonably withhold from Tenant any approval
provided for in the Rules and Regulations.
29) Any moving of furniture or equipment into or out of the Demised
Premises must be done by Tenant at its own cost and expense, on Monday through
Friday after 6:00 p.m., or on Saturday, subject however, to the prior written
consent of Landlord. If such move requires use of an elevator, such move shall
not be in excess of such elevator's load capacity.
- 48 -
50
EXHIBIT C
TENANT'S WORK
- 49 -
51
EXHIBIT C-1 -- BUILDING RULES AND
REGULATIONS FOR TRADES CONDUCTING OPERATIONS
IN THE BUILDING
1. All plans and specifications for any proposed Tenant Work must be
submitted to the Building office for approval by the Building manager
and owners representatives.
2. Prior to the commencement of any work, all contractors must have a
current insurance certificate on file in the Building office. (See
attached insurance requirements for trades conducting operations at One
Evertrust Plaza.)
3. All work is to be performed in a safe and lawful manner, using
contractors approved by the Landlord, which consent shall not be
unreasonably withheld. All work must comply with applicable laws and
all requirements and regulations of Municipal and other governmental or
duly constituted bodies exercising authority, and this compliance shall
include the filing of plans and other documents as required, and the
procuring of any required licenses or permits prior to commencement of
any work. Tenant shall submit the following certificates to Landlord
upon completion of the work:
A. Approvals issued by the building department.
B. Certificate of Occupancy.
C. Air Balance Report.
4. Any work which will require an electrical shutdown or drain down of the
Building's chilled water, condenser water, or domestic water systems
must be performed after 6:00 PM or on the weekends. A written request
for this work to be performed must be received by the Building office
at least five (5) business days prior to the commencement of this work.
In addition to the above, this work must be supervised by a Building
engineer, and the contractor must agree to pay the cost of employing
the Building engineer on overtime at an hourly rate of $55.00 per man
hour.
5. No workers are permitted to make use of passenger elevators while
transporting tools or materials of any kind. Gang boxes or hand trucks
are not permitted on passenger elevators under any circumstances.
6. For the duration of the work, the contractor must provide masonite
protection for all walls and floors throughout all common areas which
lead to the contractors area of work. Any damage to these walls and
floors caused by the contractor is to be repaired immediately with no
cost to the Landlord.
7. Tenant's workmen and mechanics must work in harmony, and not interfere
with any labor employed by the Landlord, Landlord's mechanics or
contractors or by and other tenant or its contractors.
8. All contractors shall comply with the rules of the Building as to the
hours of availability of the Building elevators and the manner of
handling materials, equipment, and debris to avoid conflict and
interference with Building operation. Deliveries are not permitted
between the following periods: 8 AM - 10 AM, 11:30 AM - 1 PM, 4 PM - 6
PM.
9. Contractor shall be required to pay for the use of service elevators
after business hours at Landlord's standard rate of $80.00 per hour.
- 50 -
52
10. Demolition must be performed after 6:00 PM or on weekends. The delivery
of materials, equipment, and removal of debris must be arranged to
avoid any inconvenience and annoyance to other tenants. Cleaning must
be controlled to prevent dirt and dust from infiltrating into adjacent
tenant or mechanical areas.
11. Contractor shall make available fire extinguishers based on the
following:
Alterations up to 5,000 sq. ft. - one (1) fire extinguisher
Alterations over 5,000 sq. ft. - one (1) fire extinguisher for every
additional 5,000 sq. ft. thereover. Said fire extinguisher shall be 25
lb. type approved for type A, B, C, fires and shall be kept and
maintained on the premises by Tenant's contractor for the duration of
the work.
12. Contractor shall be required to pay for the temporary use of
electricity and water at the Landlord's standard rate of $15.00 per
day.
13. Landlord reserves the right to stop all work in the event of the breach
of any of the terms or conditions listed above.
- 51 -
53
EXHIBIT C-2 -- INSURANCE REQUIREMENTS FOR TRADES
CONDUCTING OPERATIONS IN THE BUILDING
1. The Contractor will, throughout the duration of any contract or any
work authorized under purchase order, at its expense, carry and from
time to time renew, Xxxxxxx'x Compensation Insurance, Public Liability
Insurance in the amount of $1,000,000 single limit covering both Bodily
Injury and Property Damage including coverage for below noted indemnity
agreement in such companies as may be approved by the Landlord which
approval shall not be unreasonably withheld or delayed. Certificates in
the customary form, evidencing that premiums therefore have been paid,
shall be delivered to the Landlord simultaneously with the execution
of any contract and prior to performing any work authorized under a
purchase order or contract, and within fifteen (15) days prior to
expiration of such insurance like certificates shall be delivered to
the Landlord evidencing the renewal of such insurance, together with
evidence satisfactory to the Landlord of the payment of the premium.
All certificates must obtain a definite provision that if such policies
are cancelled or changed during the periods of coverage as stated
therein, in such a manner as to affect this certificate, written notice
will be mailed to the Landlord by registered mail ten (10) days prior
to such cancellation or change.
2. Provision must also be made as provided above to insure the Hold
Harmless Agreement which reads as follows:
"The Contractor hereby agrees to indemnify and save Harmless
the Evergreen America Corporation and any of its subsidiaries
from and against all liability claims and demands on account
of injury to persons including death resulting therefrom and
damage to property arising out of the performance of this
contract by the Contractor, employees and agents of the
Contractor and Contractor's property, except from and against
such claims and demands which may arise out of the sole
negligence of the owner, Evergreen America Corporation or any
of its subsidiaries. The Contractor will at his or its own
expense, defend any and all actions at law brought against the
owner and/or the agent based thereon and shall pay all
attorney fees and all other expenses, and promptly discharge
any judgments arising therefrom. These conditions shall also
apply to any subcontracted operations."
- 52 -
54
EXHIBIT D -- CLEANING STANDARDS
I. Plaza and Lobby Levels - Nightly
The entrance lobbies are to be kept neat and clean at all times and the
following minimum cleaning operations shall be maintained to attain this
effect:
a. Sweep with chemically treated dust mop all granite floors, damp mop
any spillage.
b. Wash and spray buff lobby floors nightly.
c. Damp wipe all cigarette urns and replace sand or water as necessary.
d. Damp wipe and dry the Reception Console Center.
e. Damp wipe Directory board plastic with a destatisizer.
f. Damp wipe and dry ledges of flower planters.
g. Damp wipe and dry all elevator starter panels.
h. Wash all metal doors, hand rails and all revolving doors and drums of
revolving doors, interior and exterior.
i. Vacuum all carpeting.
j. Remove any graffiti or obscenities on metal or panels.
k. Remove gum from carpeting.
l. Vacuum floor saddles.
m. Dust mail depository and damp wipe fingerprints.
n. Dust walls and wash if soiled.
o. Wash all glass walls and doors.
p. Wash all rubber mats and/or vacuum carpet runners.
Plaza/Lobby Areas - Periodic
q. High dust all ornamental decorations two times a year.
r. High dust and wash all electrical and air-conditioning diffusers two
times a year.
II. Elevators
a. Vacuum rugs of all elevators nightly and remove gum marks; wash, wax
and polish if tiled.
b. Wipe down panels of elevator cabs nightly and remove any graffiti or
obscenities. Polish same weekly.
c. Wipe down all metal in cabs, indicators and elevator doors nightly
using an approved cleaner.
d. Vacuum clean lobby elevator saddles and tracks nightly.
e. Wash and polish door saddles and frames on floors above lobby twice
per month and vacuum tracks.
f. Remove foreign matter from top of light fixtures in elevator cabs
nightly.
- 53 -
55
g. Vacuum tracks and wipe clean nightly.
III. General Office & Lease - Nightly
a. Sweep all hardsurfaced flooring using approved dustdown preparation
and damp mop weekly marble terrazzo, wood or other untreated flooring.
b. Vacuum sweep all carpets and rugs, moving only light furniture (desks,
file cabinets, etc. not to be moved.)
c. Hand dust and wipe clean with damp or chemically treated cloth all
furniture, file cabinets, fixtures, window xxxxx, and wash said xxxxx
and tops if necessary.
d. Dust and wipe clean all telephones.
e. Dust all chair rails, trim, etc.
f. Remove all gum and foreign matter on sight. Spot clean floors.
g. Empty all waste receptacles and remove wastepaper and waste materials
to a designated area.
h. Damp dust interiors of all waste disposal receptacles as necessary.
i. Empty and wipe clean all ashtrays and screen all sand urns; replace
sand as necessary.
j. Wash clean all water fountains and water coolers.
k. Dust all glass furniture tops.
1. Remove hand marks on elevator hatchway doors.
m. Adjust-vertical blinds to uniform standard.
n. Keep service corridors on each floor in clean and orderly condition.
0. Dust all door louvers within reach.
p. Remove finger smudges for all metal partitions and surfaces.
IV. Periodic
a. Hand dust all ventilating louvers.
b. Dust all baseboards once per month remove stains if possible.
c. Dust all lamp shades monthly.
d. High dust and wash all electrical and air-conditioning diffusers twice
a year.
e. High dust all ornamental decorations semi-annually.
f. Wash floors in public and private stairwells throughout the Building
monthly.
g. Wash telephones monthly.
h. Dust quarterly all picture frames, charts and similar hangings which
were not reached in nightly
- 54 -
56
i. Dust all vertical surfaces such as walls, partitions, doors, window
frames and other surfaces not reached in nightly cleaning four (4)
times per year.
j. Dust exterior of lighting fixtures twice a year.
k. Dust all vertical blinds quarterly.
1. Dust quarterly all air-conditioning louvers, grills, etc. not reached
in nightly cleaning and surrounding areas twice a year.
m. Clean all interior window metal and other unpainted interior metal
surfaces of the Common Area of the perimeter walls once per year using
a metal cleaning product.
n. Strip and polish lobby floors weekly.
o. Wash all cigarette urns weekly.
V. Lavatories - Nightly
a. Wash and disinfect all floors and baseboards.
b. Wash all mirrors and powder shelves.
c. Wash all bright work.
d. Wash all plumbing fixtures.
e. Wash and disinfect all toilet seats, both sides.
f. Scour, wash and disinfect all basins, toilet bowls and urinals.
g. Empty paper towel receptacles and remove paper to designated area.
h. Wipe and fill toilet tissue holders.
i. Wipe and fill soap, sanitary napkin and paper towel dispensers. Empty
and clean sanitary disposal receptacles.
k. Hand dust and clean all receptacles and dispensers.
1. Remove finger marks from painted surfaces.
m. Remove all graffiti.
n. Dust and clean partitions and walls.
o. Wash tile wall surfaces subject to splashing.
p. Report all mechanical deficiencies, i.e., dripping faucets, etc., to
the Building Manager.
Periodic
a. Wash all partitions and dispensers once a week.
b. Scrub floors as necessary but not less than once a week.
d. Hand dust and wash all tile walls once each month, more
- 55 -
57
d. High dusting to be done once each month which includes lights, walls,
and grills; wash such fixtures, including lamps and lenses, twice
every year.
VI. Public Areas
a. Police all public area and stairwells throughout the entire Building
and keep in clean condition, sweep daily and mop, as necessary, but at
least once per month.
b. Clean firehoses, extinguishers and similar equipment as necessary but
at least once per month.
c. Dust all ceilings, etc., weekly and high dust quarterly.
VII. Building Service Areas
a. Hose all ramps, loading dock, trucking areas, garbage storage room,
etc., daily and scrub and steam clean as necessary, but at least once
per month.
b. Keep loading docks and driveway entrance area, ramps and garage areas
in a neat, clean condition at all times. Keep wastepaper, cardboard
and rubbish, etc., stored in approved receptacles or assigned rooms.
Keep floors, walls, driveway, walkway and dock area clean of grease,
oil and other stains. Maintain an adequate stock of absorbent material
for oil and grease stains.
c. Slop sinks are to be cleaned after use. Mops, rags and equipment are
to be cleaned and stored in racks. walls and floors are to be kept
clean at all times.
d. Electric and telephone closets and storerooms are to be kept free from
debris and material. Floors are to be swept weekly and washed monthly.
Report storage of extraneous material and equipment to Building
Manager.
e. Police main Building entrance lobby.
f. Police elevator cabs and clean, dust and rubdown walls as necessary.
g. Police men's lavatories and fill toilet tissue dispensers.
h. Set out rubber mats on rainy days; keep in clean condition.
i. Clean all cigarette urns and replace sand as necessary.
j. Clean all stairwells and fire tower; dust all handrails, spindles and
wash stairs as necessary.
k. Sweep and wash lobby and common area floors daily.
l. Clean roof setbacks as necessary.
m. Keep frames of entrance doors in clean condition.
n. Clean standpipes and Siamese sprinkler connections as necessary.
o. Exterior metal work, marble, etc. of Building entrances to be kept in
clean condition at all times.
p. Properly maintain exterior of Building at the ground level.
- 56 -
58
VIII. Window Cleaning
a. Clean all windows on the outside and inside from the ground
floor to the roof twice a year. Window frames and associated metal
to be wiped clean at the same time.
b. Partition glass throughout the Building interior in public areas,
to be cleaned once per month.
c. clean entrance doors two (2) times each day.
d. Clean directory glass daily.
e. Clean all glass on the first floor daily.
f. clean all glass doors and panels daily.
g. Clean all mail chute glass as necessary.
IX. Walkways. Plaza
a. Police walkways and Plaza area two (2) times daily.
b. Remove all gum and foreign matter on sight.
c. Clean all Plaza areas, sidewalks and driveways.
X. Garage (If Applicable)
Police garage daily removing all accumulated debris.
XI. Rest Control
To be furnished as required to prevent infestation.
XII. Duties of Day Matrons
a. Police all ladies lavatories twice each day.
b. Fill toilet tissue dispensers with toilet tissue.
c. Fill paper towel dispensers with paper towels.
d. Fill sanitary napkin dispensers with sanitary napkins.
e. Fill soap dispensers with liquid hand soap.
XIII. Duties of pay Porters
a. Police Plaza entrance five (5) times a day, five (5) days a week.
b. Empty and strain all cigarette urns, three (3) times a day.
c. Elevator cab floors are to be vacuumed two (2) times a day - more
often if necessary.
d. Wipe clean and remove finger marks from all metal and bright work
throughout interior of Plaza and lobby and up to hand reach daily.
e. Sweep walkways, Plaza, ramps, loading dock, trucking area, etc.
twice daily, more often as needed.
f. Lay down and remove lobby runners as necessary.
g. Police roof setbacks.
- 57 -
59
h. Sweep and dust the trafficked staircases daily.
i. Wash trafficked staircases weekly.
j. Wash the flooring in the trafficked main engine room, main pump
room, etc., weekly.
k. Police all mens' lavatories two (2) times each day.
1. Fill all dispensers in mens' lavatories as required.
m. keep all public telephones and their enclosures in a clean
condition.
n. Empty waste receptacles on Plaza and clean daily.
o. Police grounds and pick up any loose debris.
Unless otherwise specified, all of the cleaning services listed shall be
done five (5) days each week, Monday through Friday, except on Building
holidays.
- 58 -
