1
EXHIBIT 10.2
RECORDING REQUESTED BY
AND WHEN RECORDED, RETURN TO:
Xxxxxx, Xxxxxxxxxx & Xxxxxxxxx
Old Federal Reserve Bank Building
000 Xxxxxxx Xxxxxx
Xxx Xxxxxxxxx, XX 00000
Attn: Xxxxx X. Xxxxxx, Esq.
-------------------------------------------------------------------------------
FIRST AMENDMENT TO FACILITY 2 LEASE AGREEMENT,
CONSTRUCTION DEED OF TRUST
WITH ASSIGNMENT OF RENTS,
SECURITY AGREEMENT AND FIXTURE FILING
THIS FIRST AMENDMENT TO FACILITY 2 LEASE AGREEMENT, CONSTRUCTION DEED OF
TRUST WITH ASSIGNMENT OF RENTS, SECURITY AGREEMENT AND FIXTURE FILING (this
"Amendment"), dated as of August 28, 1997, is entered into by and between:
(1) NOVELLUS SYSTEMS, INC., a California corporation ("Lessee"); and
(2) LEASE PLAN NORTH AMERICA, INC., an Illinois corporation ("Lessor").
RECITALS
X. Xxxxxx, Lessor, each of the financial institutions listed in Schedule
I to the Participation Agreement (referred to below) (collectively, the
"Participants"), and ABN AMRO BANK, N.V., acting through its San Francisco
International Branch, as agent for the Participants (in such capacity, "Agent"),
are parties to a Participation Agreement dated as of June 9, 1997, as amended by
a letter agreement dated June 20, 1997 (as so amended, the "Participation
Agreement").
X. Xxxxxx and Lessor are parties to that certain Facility 2 Lease
Agreement, Construction Deed of Trust with Assignment of Rents, Security
Agreement and Fixture Filing dated as of June 9, 1997, and recorded on June 10,
1997, in the Official Records of Santa Xxxxx County, California, as Document No.
13735220 (the "Facility 2 Lease Agreement").
C. Pursuant to the terms of the Participation Agreement, Xxxxxx has
requested that Xxxxxx acquire that certain real property described in Exhibit A
attached hereto (the "Tract 7 Land") and made a part hereof.
X. Xxxxxx and Lessor now desire to amend the Facility 2 Lease Agreement
to add the Tract 7 Land to the property under the Facility 2 Lease Agreement and
to make certain other changes.
2
AGREEMENT
NOW, THEREFORE, in consideration of the above recitals and for other
good and valuable consideration, the receipt and adequacy of which are hereby
acknowledged, Xxxxxx and Lessor hereby agree as follows:
1. DEFINITIONS, INTERPRETATION. All capitalized terms defined above and
elsewhere in this Amendment shall be used herein as so defined. Unless otherwise
defined herein, all other capitalized terms used herein shall have the
respective meanings given to those terms in Schedule 1.01 to the Participation
Agreement. The rules of construction set forth in Schedule 1.02 to the
Participation Agreement shall, to the extent not inconsistent with the terms of
this Amendment, apply to this Amendment and are hereby incorporated by
reference.
2. AMENDMENTS TO THE FACILITY 2 LEASE AGREEMENT. The Facility 2 Lease
Agreement is hereby amended as follows:
(a) Subparagraph 3.03(a) is amended by changing clause (ii)
thereof to read in its entirety as follows:
(ii) At all times during the Term, property insurance
covering loss or damage by fire, flood, earthquake and other
risks in an amount not less than the then current replacement
cost of the Improvements on the Facility 2 Property, provided
that any property insurance for fire, flood and other risks shall
not be required to cover the cost of foundations and underground
improvements but any earthquake policy or coverage shall cover
foundations and underground improvements. Earthquake insurance
shall be required only if it is commercially reasonably
available, as reasonably determined by Lessor and Required
Participants. The amount of earthquake insurance coverage shall
be the lesser of $50,000,000 or 37.5% of the value of the
Improvements. Lessee shall obtain and provide to Lessor and the
Agent evidence of such earthquake insurance within thirty (30)
days after the Closing Date.
(b) Exhibit A(1) is amended by adding thereto the property
description set forth in Exhibit A to this Amendment. Without limiting
the effect of such addition, Lessee and Lessor specifically acknowledge
and agree that, on and after the date hereof, (i) the lien of the
Facility 2 Lease Agreement includes all of Lessee's right, title and
interest in and to the Tract 7 Land and (ii) the term "Facility 2 Land"
as defined in the Facility 2 Lease Agreement includes the Tract 7 Land.
3. EFFECT OF THIS AMENDMENT. On and after the date of this Amendment,
each reference in the Facility 2 Lease Agreement and the other Operative
Documents to the Facility 2 Lease Agreement shall mean the Facility 2 Lease
Agreement as amended hereby. Except as specifically amended above, (a) the
Facility 2 Lease Agreement and the other Operative Documents shall remain in
full force and effect and are hereby ratified and affirmed and (b) the
execution, delivery and effectiveness of this Amendment shall not, except as
expressly provided herein, operate as a waiver of any right, power, or remedy of
Lessor, the Participants or Agent,
2
3
nor constitute a waiver of any provision of the Facility 2 Lease Agreement or
any other Operative Document.
4. MISCELLANEOUS.
(a) Counterparts. This Amendment may be executed in any number of
counterparts, each of which shall be deemed an original, but all of
which taken together shall constitute one and the same instrument. The
signature page and acknowledgment of any counterpart may be removed
therefrom and attached to any other counterpart to evidence execution
thereof by all of the parties hereto without affecting the validity
thereof.
(b) Headings. Headings in this Amendment are for convenience of
reference only and are not part of the substance hereof.
(c) Governing Law. This Amendment shall be governed by and
construed in accordance with the laws of the State of California without
reference to conflicts of law rules.
[The signature page follows.]
3
4
IN WITNESS WHEREOF, Xxxxxx and Lessor have caused this Amendment to be
executed as of the day and year first above written.
LESSEE: NOVELLUS SYSTEMS, INC.
By:_________________________________
Name:____________________________
Title:_____________________________
LESSOR: LEASE PLAN NORTH AMERICA, INC.
By:_________________________________
Name:____________________________
Title:_____________________________
4
