1
Exhibit 10.20
LEASE BETWEEN
XXXXXX X. XXXXXXXXX AND XXXX X. XXXXXXX, CLASS A TRUSTEES
AND XXXXXX STOCK AND XXXX X. XXXX, CLASS B TRUSTEES,
ALL AS TRUSTEES OF XXXXXXXXX FARM-WESTFORD TECHNOLOGY
PARK TRUST, UNDER DECLARATION OF TRUST DATED OCTOBER 1, 1984,
RECORDED WITH THE MIDDLESEX NORTH DISTRICT REGISTRY OF DEEDS IN BOOK 2863,
PAGE 235
AND
UNISPHERE SOLUTIONS, INC.
FOR
150,000 SQUARE FEET - XXXXXXXXX FARM-WESTFORD TECHNOLOGY PARK
WESTFORD, MASSACHUSETTS
INDEX
REFERENCE DATA
Paragraph 1.1 Subject Referred To 1
Paragraph 1.2 Exhibits 4
ARTICLE II - PREMISES AND TERM:
Paragraph 2.1 Premises 4
Paragraph 2.2 Term 6
ARTICLE III - CONSTRUCTION:
Paragraph 3.1 Initial Construction 6
Paragraph 3.1.1 Tenant's Work 10
Paragraph 3.1.2 Tenant's Construction Work 12
Paragraph 3.2 Preparation of Premises for Occupancy 13
Paragraph 3.2.1 Partial Occupancy and Rent Commencement 16
Paragraph 3.3 General Provisions Applicable to Construction 16
Paragraph 3.4 Representatives 16
Paragraph 3.5 Force Majeure 17
Paragraph 3.6 Arbitration by Architects 17
Paragraph 3.7 Warranty of Landlord's Work and Tenant's Work 18
2
ARTICLE IV - RENT:
Paragraph 4.1 Rent 18
Paragraph 4.2 Operating Cost Escalation 19
Paragraph 4.3 Payments 23
ARTICLE V - LANDLORD'S COVENANTS:
Paragraph 5.1 Landlord's Covenants during the Term 24
Paragraph 5.1.1 Building Services 24
Paragraph 5.1.2 Additional Building Services 24
Paragraph 5.1.3 Repairs 24
Paragraph 5.1.4 Quiet Enjoyment 25
Paragraph 5.1.5 Intentionally Deleted 25
Paragraph 5.1.6 Landlord's Insurance 25
Paragraph 5.1.7 Landlord's Indemnity 25
Paragraph 5.1.8 Hazardous Materials 26
Paragraph 5.1.9 Tenant's Costs 26
Paragraph 5.2 Interruptions 27
ARTICLE VI - TENANT'S COVENANTS:
Paragraph 6.1 Tenant's Covenants during the Term 28
Paragraph 6.1.1 Tenant's Payments 28
Paragraph 6.1.2 Repairs and Yielding Up 29
Paragraph 6.1.3 Occupancy and Use 29
Paragraph 6.1.4 Rules and Regulations 29
Paragraph 6.1.5 Compliance with Laws and Safety Appliances 29
Paragraph 6.1.6 Assignment and Subletting 30
Paragraph 6.1.7 Indemnity 33
Paragraph 6.1.8 Tenant's Liability Insurance 33
Paragraph 6.1.9 Tenant's Workmen's Compensation Insurance 33
Paragraph 6.1.10 Landlord's Right of Entry 33
Paragraph 6.1.11 Loading 34
Paragraph 6.1.12 Landlord's Costs 34
Paragraph 6.1.13 Tenant's Property 34
Paragraph 6.1.14 Labor or Materialmen's Liens 34
Paragraph 6.1.15 Changes or Additions 34
Paragraph 6.1.16 Holdover 36
Paragraph 6.1.17 Hazardous Materials 36
Paragraph 6.1.18 Signs 37
Paragraph 6.1.19 Tenant's Authority 38
Paragraph 6.1.20 Confidentiality 38
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ARTICLE VII - CASUALTY AND TAKING:
Paragraph 7.1 Casualty and Taking 38
Paragraph 7.2 Reservation of Award 41
Paragraph 7.3 Additional Casualty Provisions 41
ARTICLE VIII - RIGHTS OF MORTGAGEE:
Paragraph 8.1 Priority of Lease 42
Paragraph 8.2 Limitation on Mortgagees Liability 42
Paragraph 8.3 Mortgagee's Election 42
Paragraph 8.4 No Prepayment or Modification 42
Paragraph 8.5 No Release or Termination 43
Paragraph 8.6 Continuing Offer 43
Paragraph 8.7 Submittal of Financial Statement 43
ARTICLE IX - DEFAULT:
Paragraph 9.1 Events of Default 44
Paragraph 9.2 Tenant's Obligations After Termination 44
ARTICLE X - MISCELLANEOUS:
Paragraph 10.1 Titles 45
Paragraph 10.2 Notice of Lease 45
Paragraph 10.3 Notices from One Party to the Other 45
Paragraph 10.4 Bind and Inure 46
Paragraph 10.5 No Surrender 46
Paragraph 10.6 No Waiver, etc. 46
Paragraph 10.7 No Accord and Satisfaction 46
Paragraph 10.8 Cumulative Remedies 47
Paragraph 10.9 Partial Invalidity 47
Paragraph 10.10 Right to Cure 47
Paragraph 10.11 Estoppel Certificate 48
Paragraph 10.12 Waiver of Subrogation 48
Paragraph 10.13 Brokerage 49
Paragraph 10.14 Parking/Traffic Personnel 49
Paragraph 10.15 Access 50
Paragraph 10.16 Entire Agreement 50
Paragraph 10.17 Governing Law 50
Paragraph 10.18 Additional Representations 50
Paragraph 10.19 Rooftop Communication Equipment 50
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Date of Lease Execution: March 31, 2000
REFERENCE DATA
1.1 SUBJECTS REFERRED TO:
Each reference in this Lease to any of the following subjects shall
incorporate the data stated for that subject in this Section 1.1.
LANDLORD: Xxxxxx X. Xxxxxxxxx and Xxxx X. Xxxxxxx,
Class A Trustees, and Xxxxxx Stock and Xxxx
X. Xxxx, Class B Trustees, all as Trustees of
Xxxxxxxxx Farm-Westford Technology Park
Trust, under Declaration of Trust dated
October 1, 1984, recorded with the Middlesex
North District Registry of Deeds in Book
2863, Page 235
MANAGING AGENT: The Xxxxxxxxx Company
LANDLORD'S AND MANAGING Burlington Office Park
AGENT'S ADDRESS: Xxx Xxxx Xxxxxx
Xxxxxxxxxx, Xxxxxxxxxxxxx 00000
LANDLORD'S REPRESENTATIVE: Xxxx X. Xxxxxxx
LANDLORD'S CONSTRUCTION Xxxxxx X. Xxxxxxxxx, Xxxx X. Xxxxxxx
REPRESENTATIVES: or P. Xxxxxxx Xxxx
TENANT: Unisphere Solutions, Inc.
TENANT'S ADDRESS Prior to Term Commencement Date:
(FOR NOTICE & BILLING): Unisphere Solutions, Inc.
0 Xxxxxxxx Xxxx
Xxxxxxxx, XX 00000
After Term Commencement Date:
Unisphere Solutions, Inc.
00 Xxxxxxxxxx Xxxx Xxxxx
Xxxxxxxx, Xxxxxxxxxxxxx 00000
TENANT'S REPRESENTATIVE(S): Xxxxxx X. Xxxxxx
TENANT'S CONSTRUCTION
REPRESENTATIVE(S): Xxxxxx Xxxxxx
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BUILDING: Three (3) story building consisting of
150,000 rentable square feet constructed upon
the land described on Exhibit A attached
hereto (the "Lot") in accordance with the
final Landlord's Plans and Tenant's Plans (as
defined in Article III hereof, and any
replacements thereof) and any alterations and
additions thereto, including the Tenant's
Work (as hereinafter defined), and including
any expansion pursuant to Exhibit R. The
legal description of the Lot is attached
hereto as Exhibit A-1.
RENTABLE FLOOR AREA OF 150,000 gross square feet, as further
TENANT'S SPACE: described in Exhibit A
TOTAL RENTABLE FLOOR AREA 150,000 gross square feet, as may be
OF THE BUILDING: expanded pursuant to Exhibit R
SCHEDULED TENANT'S DESIGN July 15, 2000, subject to the
COMPLETION DATE: provisions of Section 3.1
SCHEDULED TERM January 31, 2001
COMMENCEMENT DATE:
OUTSIDE DELIVERY DATE: Per Section 3.2
TERM EXPIRATION DATE: Ten (10) years following the Term
Commencement Date determined in accordance
with Section 3.2, subject to extension in
accordance with Exhibit F.
TERM: Ten (10) years, subject to extension in
accordance with Exhibit F.
FIXED RENT: Years 1-5: $2,386,080.00/Year;
$198,840.00/Month; ($15.91/RSF)
Years 6-10: $2,828,580.00/Year;
$235,715.00/Month; ($18.86/RSF)
[To Be Adjusted by Section 3.1.1, if
Applicable]
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ANNUAL ESTIMATED OPERATING
COSTS: (Including Real Estate
Taxes) $638,580.00/Year; $53,215.00/Month;
($4.26/RSF)
ESTIMATED COST OF ELECTRICAL
SERVICE TO TENANT'S SPACE
[Excluded from Fixed Rent]: See Exhibit D, Paragraph VII
FIRST FISCAL YEAR FOR TENANT'S
PAYING OPERATING COSTS December 31, first occurring twelve (12)
ESCALATION YEAR ENDING: months after the Term Commencement Date.
SECURITY DEPOSIT: Not Applicable
GUARANTOR: Not Applicable
PERMITTED USES: General office, light industrial research and
development, laboratory and such other uses
that are ancillary and accessory thereto.
REAL ESTATE BROKERS: Xxxxxxx & Xxxxxxxxx of Massachusetts, Inc.
and CB Xxxxxxx Xxxxx
PUBLIC LIABILITY INSURANCE:
BODILY INJURY AND PROPERTY DAMAGE:
Each Occurrence: $1,000,000.00
Aggregate: $2,000,000.00
SPECIAL PROVISIONS: Parking: Per Section 10.14
Option to Extend: Per Exhibit F
Allowances: Per Exhibit M
Guaranty of Completion: Per Exhibit O
Market Rent: Per Exhibit P
Expansion Option: Per Exhibit R
Right of First Offer Per Exhibit U
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1.2 EXHIBITS
The Exhibits listed below in this Section are incorporated in this Lease by
reference and are to be construed as part of this Lease:
EXHIBIT A Plans Showing Tenant's Space, the Lot and the Park
(including the Building Parking Area and Common Areas)
EXHIBIT A-1 Legal Description of the Lot
EXHIBIT B-1 Preliminary Base Building Plans
EXHIBIT B-2 Base Building Outline Specifications
EXHIBIT C-1 Form of Certificate of Substantial Completion
EXHIBIT C-2 Form of Certificate of Final Completion
EXHIBIT D Landlord's Services
EXHIBIT E Rules and Regulations
EXHIBIT F Option to Extend
EXHIBIT G Tenant Estoppel Certificate
EXHIBIT H Intentionally Deleted
EXHIBIT I Park Covenants
EXHIBIT J Subordination, Non-Disturbance and Attornment Agreement
EXHIBIT K Form of Work Change Order
EXHIBIT L Definition of Cost of the Work
EXHIBIT M Allowances
EXHIBIT N Proposed Expanded Building Footprint and Site Plan
EXHIBIT O Guaranty of Completion
EXHIBIT P Definition of Market Rent
EXHIBIT Q List of Existing Exclusives and Exclusions
EXHIBIT R Expansion Option
EXHIBIT S Schedule
EXHIBIT T Form of Notice of Lease
EXHIBIT U Right of First Offer
ARTICLE II
PREMISES AND TERM
2.1 PREMISES
Subject to and with the benefit of the provisions of this Lease, Landlord
hereby leases to Tenant and Tenant leases from Landlord, the Rentable Floor Area
of Tenant's Space in the Building (hereinafter, the "Tenant's Space") all as
more particularly shown on Exhibit A attached hereto and made a part hereof, as
the same may be expanded pursuant to Exhibit R, together with the appurtenances
described below and in Section 10.14 of this Lease. Tenant's Space as the same
may be expanded pursuant to Exhibit R, with such appurtenances, is hereinafter
collectively referred to as "the Premises".
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Tenant shall have, as appurtenant to the Premises, the right to use the
areas shown on the Plan attached as Part of hereto as Exhibit A as "Building
Parking Area", all subject to and as further provided in Section 10.14 hereof
and the Landlord's reserved expansion rights set forth in Exhibit R.
Tenant shall also have, as appurtenant to the Premises, the right to use in
common with others entitled thereto, subject to reasonable rules of general
applicability to tenants and owners of other lots in the park, commonly known
and referred to as the Xxxxxxxxx Farm-Westford Technology Park and shown on the
Plan of the Park attached hereto as part of Exhibit A (the "Park") from time to
time made by Landlord in accordance with Section 6.1.4 of which Tenant is given
written notice: (a) the common areas now or hereafter located at the Park (the
"Common Areas"), including, without limitation, the Common Areas shown on the
Plan of the Park attached hereto as part of Exhibit A, as such Common Areas may
be amended or modified by Landlord from time to time during the Term hereof (b)
all rights to access, all service areas, drainage of surface water runoff,
including, without limitation, storm drainage systems and detention areas, (c)
all grades, driveways, roadways, sidewalks and footways, lighting systems and
traffic flow patterns, (d) all parking areas designated as common or visitors
parking areas for use of the entire Park, if any, (e) all other rights
appurtenant to the Lot and the Building, (f) all means of access to and from the
Building to the Common Areas, including, without limitation, all sidewalks,
roads, driveways and the like, and (g) all utility lines, electricity, water and
sewage disposal.
The Landlord and the Tenant acknowledge and agree that as a condition of
the Tenant's obligations under the Lease, the Tenant shall require a leasehold
title insurance policy insuring the Tenant's leasehold interest in the Premises.
Inasmuch as the lot plans, easements and related matters are being finalized
coterminously with the execution of the Lease, the Landlord covenants with the
Tenant that it shall cooperate with the Tenant during the construction of the
Premises to finalize a leasehold title insurance policy in form and content
reasonably acceptable to the Tenant. A loan policy will be generated by the
Landlord in connection with the construction financing to be secured by Landlord
and the Tenant's leasehold title policy shall be generated simultaneously
therewith. The cost of the Tenant's leasehold title insurance policy shall be
the sole responsibility of the Tenant.
The Tenant's leasehold title insurance policy shall insure Tenant's right of
access to the Premises and all easements required for drainage, utilities and
other matters necessary for the Tenant's operations in the Premises. It shall
also provide that the improvements to be located on the Lot, including without
limitation the parking, shall not interfere with, encroach upon, be prohibited
by or cause a violation of any easements which encumber the Lot.
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2.2 TERM
To have and to hold for a period (the "Term") commencing on the Term
Commencement Date determined in accordance with Section 3.2 (which said date is
at times being hereafter referred to as the "Commencement Date") and continuing
until the Term Expiration Date, unless sooner terminated as provided in Sections
3.2 or 7.1 or in Article IX, or unless extended pursuant to Exhibit F.
ARTICLE III
CONSTRUCTION
3.1 INITIAL CONSTRUCTION
Landlord shall fully construct the base Building in accordance with the
preliminary base building plans, including, without limitation, floor plans,
elevations and site plan(s) (collectively, the "PBBP") and Base Building Outline
Specifications attached hereto as Exhibits B-1 and B-2, respectively (all of
such work being collectively referred to as the "Landlord's Work"). In the event
of differences between the PBBP or the Landlord's Plans (as hereinafter defined)
and the Base Building Outline Specifications, the Base Building Outline
Specifications shall govern and control until the Landlord's Plans (as
hereinafter defined) are prepared.
A complete set of final base Building plans and construction drawings and
specifications, such drawings and specifications to include a detail schedule of
core base Building finish items such as, but not limited to, carpets, doors,
hardware, ceiling grids/tiles, lavatory fixtures, light fixtures, window blinds,
lobby finishes and paint/wall coverings (collectively, the "Landlord's Plans")
shall be prepared by Landlord, at its sole cost and expense. Landlord and Tenant
agree to work together with Landlord's architect, Symmes Maini and XxXxx
Associates, Inc. in order to achieve a design that meets the standard set forth
below. Furthermore, Landlord agrees to use good faith and diligent efforts to
deliver the Landlord's Plans to Tenant on or before May 1, 2000. Upon receipt,
Tenant shall have seven (7) business days to comment upon the Landlord's Plans.
Landlord and Tenant shall use reasonable efforts to reach agreement on the
Landlord's Plans as soon thereafter as possible. In reaching agreement, Landlord
and Tenant shall each approve portions of the Landlord's Plans that are in
acceptable form and shall note their respective objections to the portions that
are unacceptable to each of them so as to enable Landlord to continue
construction and order materials in a timely manner. In the event that
Landlord's Plans conform with the PBBP, but Tenant does not approve the
Landlord's Plans within seven (7) business days of receipt thereof from
Landlord, then the Outside Delivery Date (as hereinafter defined) shall be
extended for a number of days equal to the number of Tenant Plan Delay Days, as
such term is hereinafter defined. The number of Tenant Plan Delay Days are
defined as and shall be calculated by determining the actual number of days as
certified by Landlord and its architect that the Term Commencement Date was
delayed by such Tenant's failure to approve the Landlord's Plans within the
required seven (7) business days. Landlord agrees to provide Tenant with written
notice of such determination, such notice to include reasonable detail
describing the cause of the delay and the number of Tenant Plan Delay Days as
certified by Landlord and its architect. If Tenant and Tenant's Architect (as
hereinafter defined)
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disagree with the existence or calculation of Tenant Plan Delay Days as
determined by Landlord and its architect, then Tenant shall, within seven (7)
business days of receipt of Landlord's notice, notify Landlord of its
disagreement, whereupon the dispute shall be determined pursuant to the
arbitration procedures described in Section 3.6 hereof.
Landlord and Tenant hereby acknowledge and agree that, except as otherwise
set forth herein, following approval by Landlord and Tenant (which shall be in
writing as hereinafter provided), no amendments, modifications or changes shall
be made to the Landlord's Plans without Tenant's prior written approval in each
instance, which such approval shall not be unreasonably withheld or delayed;
provided, however, no such prior approval of Tenant shall be required if the
proposed amendments, modifications or changes are, in Landlord's reasonable
opinion (i) non-material in nature, (ii) replaced by substantially equivalent or
better items and at all times equal to or better than that of the building
located at 0 Xxxxxxxxxx Xxxx Xxxxx, Xxxxxxxx, Xxxxxxxxxxxxx, and (iii) do not
adversely affect the Premises. Without limiting the foregoing, Landlord shall
exercise reasonable efforts to provide Tenant with prior written notice of all
proposed amendments, modifications or changes to the Landlord's Plans.
A complete set of construction plans and specifications for Tenant's Work
(as hereinafter defined) shall be prepared by Tenant's Architect, as hereinafter
defined (collectively, the "Tenant's Plans"). The Tenant's Plans shall be
furnished to Landlord as herein provided. Landlord and Tenant hereby acknowledge
and agree that Tenant has selected Symmes Maini and XxXxx Associates, Inc. to be
"Tenant's Architect" for preparation of Tenant's Plans, and the costs of
services of such Tenant's Architect shall be borne solely by Tenant (other than
such portion of the cost to be paid by Landlord pursuant to Exhibit M). Tenant's
Architect (and Tenant's Representatives) shall be actively involved in the
design decisions and shall be allowed reasonable access to the Lot and the
Premises during construction to monitor Landlord's compliance with the terms and
provisions of this Lease. Landlord and Tenant hereby further agree that Tenant
shall be solely responsible for coordinating with Tenant's Architect for the
timely preparation of Tenant's Plans in accordance with the terms and provisions
of this Section 3.1. Attached as Exhibit S is a schedule (the "Schedule")
setting forth the respective dates by which Landlord and Tenant anticipate that
(i) Landlord's Plans shall have been delivered to and approved by Tenant, (ii)
Tenant's Plans shall have been delivered to and approved by Landlord, and (iii)
certain portions of Landlord's Work and Tenant's Work shall be substantially
completed. The parties agree to cooperate with each other and to exercise
reasonable efforts to complete the tasks described in the Schedule by the
respective dates set forth therein, Landlord and Tenant hereby further agreeing
that, unless otherwise expressly set forth herein, failure to meet any of such
dates on the Schedule shall not constitute a default or a delay of any type
hereunder.
Tenant shall deliver the Tenant's Plans to the Landlord by not later than
the Scheduled Tenant's Design Completion Date, provided, however, that (i)
Tenant furnishes to Landlord by not later than April 14, 2000 all information
relating to changes in the structural steel (i.e. rooftop equipment, floor and
roof openings, and other equipment exceeding 100 psf live load), and (ii) Tenant
furnishes to Landlord by not later than May 1, 2000 all information relating to
any added doors at the first floor exterior wall and relating to proposed
changes to or additions to the
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elevators and all information relating to any proposed changes or additions to
the base building rooftop HVAC equipment and to the electrical service and
switchgear. Tenant shall permit Landlord to review and provide input during the
preparation of Tenant's Plans. Upon receipt, Landlord shall have five (5)
business days to comment upon the Tenant's Plans. Landlord and Tenant shall use
reasonable efforts to reach agreement on the Tenant's Plans within ten (10) days
of Tenant's receipt of Landlord's comments thereto. In reaching such agreement,
Landlord and Tenant shall each approve portions of Tenant's Plans that are
acceptable and shall note their respective objections to the portions that are
unacceptable to each of them so as to enable Landlord to continue construction
and order materials in a timely manner. In connection with Landlord's review of
the Tenant's Plans, or if Tenant fails to deliver Tenant's Plans (or any
modifications thereto) by the date set forth above, Landlord may require by
prompt written notice to Tenant (i) modifications in Tenant's Plans (i.e. if
Tenant's Plans are not compatible with Landlord's Plans), and/or (ii) an
adjustment in the Outside Delivery Date (such adjustment to be determined by
Landlord in its reasonable judgment). Landlord's notice to Tenant shall include
reasonable detail describing the cause of the adjustment and/or the extent of
the incompatibility with reasonable specificity. Any such extension in time,
whether mutually agreed to by Landlord and Tenant or determined by their
respective architects in the event of dispute pursuant to Section 3.6, shall
result in Tenant's Plan Delay Days as hereinbefore determined. In addition,
Landlord will not approve Tenant's Plans which involve any construction,
alterations or additions requiring unusual expense to readapt the Premises to
normal office use on the Term Expiration Date, unless Tenant first gives
assurances acceptable to Landlord that such readaptation shall be made prior to
such termination without expense to Landlord. Notwithstanding the preceding
sentence, Landlord hereby acknowledges and agrees that such cafeterias,
laboratories and other initial Tenant improvements described in Landlord's Plans
or Tenant's Plans shall not require removal by Tenant at the expiration of the
Term and such initial Tenant improvements shall be allowed to remain without
additional cost to Tenant. All revisions and modifications to the Tenant's Plans
shall be made promptly by Tenant and revised sets of Tenant's Plans shall be
forthwith furnished to Landlord upon Tenant's receipt thereof, Landlord hereby
agreeing to inform Tenant during the plan approval process and, in any event,
prior to the installation thereof, of any such items that may require unusual
expense to readapt the Premises as aforesaid. All revisions and modifications to
the Tenant's Plans shall be made promptly by Tenant and revised sets of Tenant's
Plans shall be forthwith furnished to Landlord upon Tenant's receipt thereof.
Landlord and Tenant hereby further agree to acknowledge in writing when final
approval by Landlord and Tenant of Tenant's Plans (and Landlord's Plans) has
occurred. No changes or modifications to Tenant's Plans or Tenant's Work being
constructed by Landlord pursuant thereto shall be made without Tenant's consent,
such consent not to be unreasonably withheld or delayed by Tenant.
Landlord shall have fifteen (15) days after final approval of Tenant's
Plans and Landlord's receipt of final and complete sets of approved Tenant's
Plans, which such final approval has been acknowledged in writing by Landlord
and Tenant as aforesaid, to price the cost of Tenant's Work (as hereinafter
defined) in accordance with the last paragraph of Section 3.1.1.
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Landlord and Tenant shall cooperate during the above time periods so that
each party makes the other aware of their progress with respect to the foregoing
plans, selections and pricing, as well as timing, availability or cost
constraints of Tenant's selections or specifications and proposed alternates.
Landlord shall cause the Premises to be completed in accordance with
Landlord's Plans and Tenant's Plans, all of such work to be performed by
Landlord's general contractor, Xxxxxxxxx Construction Co., Inc. After final
approval of Landlord's Plans and Tenant's Plans by Landlord and Tenant, the
Tenant may request changes to Landlord's Work or Tenant's Work (as applicable)
by altering, adding to, or deducting from Landlord's Work or Tenant's Work (as
applicable) as set forth in the agreed form of Landlord's Plans or Tenant's
Plans, as applicable (each such requested change is referred to herein as a
"Change Order"). A Change Order requested by Tenant in Landlord's Work (or in
Tenant's Work as such term is defined in Section 3.1.1 hereof) which affects
Landlord's Work may also necessitate an adjustment in the Outside Delivery Date
(as defined in Section 3.2 hereof) and may result in Tenant Alteration Delay
Days (as hereinafter defined), in accordance with and subject to the terms and
conditions set forth below. Landlord shall notify Tenant in writing if such
requested Change Order shall result in Tenant Alteration Delay Days, and
therefore an adjustment in the Outside Delivery Date. In addition, Landlord
agrees to provide Tenant, upon Tenant's request, with sufficient itemization and
back-up documentation to facilitate analysis and to confirm the cost of any such
changes in the Landlord's Work or the Tenant's Work initiated by Tenant. Tenant
shall pay to Landlord an amount equal to the actual cost (as defined in Section
3.1.1 hereof) of Landlord's Work, including the costs of any such changes
initiated by Tenant, less any appropriate credits for any Landlord's Work
deleted, (hereinafter, the "Net Additional Cost of Landlord's Work"). The Net
Additional Cost of Landlord's Work shall be due and payable to Landlord in the
manner provided for in Section 3.1.1 hereof.
In the event that Tenant requests a Change Order which would, due to
materials or equipment having long delivery times or due to resulting sequencing
delays, and notwithstanding Landlord's diligent efforts, result in a delay in
the Term Commencement Date, then Tenant shall be deemed to have agreed that it
will pay Fixed Rent (as hereinafter provided in Section 4.1) and additional rent
hereunder for a number of days equal to the actual number of days (the "Tenant
Alteration Delay Days") as certified by Landlord and its architect, and agreed
to by Tenant and Tenant's Architect as hereinafter provided, by which the Term
Commencement Date would be delayed by such alterations or additions, giving due
consideration to Landlord's obligation to use diligent efforts to accelerate
construction to make up for lost time due to delays. Landlord agrees to promptly
provide Tenant with written notice of such determination, such notice to include
reasonable detail describing the cause of the delay and the number of Tenant
Alteration Delay Days as certified by Landlord and its architect. Should Tenant
and Tenant's Architect disagree with the calculation of Tenant Alteration Delay
Days as hereinabove determined, then such disagreement shall be resolved
pursuant to the provisions of Section 3.6 hereof.
All Tenant improvements, changes and additions shall be part of the
Premises (and shall remain therein at the end of the Term), except for Tenant's
business fixtures, equipment and personal property (which such personal property
shall include, without limitation, demountable
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partitions, equipment and telephone or computer systems), all of which fixtures,
equipment and personal property shall remain the property of the Tenant and
shall be removed at the expiration of the Term; and such other items shall be
removed or left as the Landlord and Tenant agree in writing at the time of
Landlord's approval of the plans and specifications therefor. Tenant agrees to
repair, at its sole cost and expense, any damage to the Premises caused by any
such removal by Tenant in accordance with this paragraph. As aforesaid,
notwithstanding the foregoing provisions on this paragraph, Tenant shall not be
required to remove cafeterias, laboratories or other initial Tenant improvements
described in Landlord's Plans or Tenant's Plans upon expiration of the Term and
such initial Tenant improvements shall be allowed to remain without additional
cost to Tenant.
3.1.1 TENANT'S WORK.
Landlord and Tenant agree that Xxxxxxxxx Construction Co., Inc. will
construct the tenant improvements set forth on the Tenant's Plans (hereinafter
"Tenant's Work") with respect to the Premises at cost (as hereinafter defined),
plus an amount for general conditions of seven percent (7%) (not to exceed
$420,000.00) and a Landlord's contractor's fee of six percent (6%) of such
aggregate cost, less an amount equal to the allowance set forth on Exhibit M
attached hereto and made a part hereof. In order to provide for payment by
Tenant of the cost of Tenant's Work, the Net Additional Cost of Landlord's Work,
and any additional costs due to Change Orders provided for hereunder, less said
allowance, Tenant expressly covenants with Landlord that Tenant agrees to
deposit into an interest-bearing account to be established and maintained by
Landlord's mortgagee (or such other escrow agent mutually agreed upon by the
parties), (i) by April 1, 2000, $3,000,000.00 (i.e. forty-three percent (43%) of
the Total Estimated Cost set forth below), and (ii) by October 1, 2000, an
additional $4,000,000.00 (i.e. fifty-seven percent (57%) of the Total Estimated
Cost as set forth below). Tenant's deposits into escrow shall be released by
Landlord's construction mortgagee, as escrow agent, to Landlord, or its
contractors, as the case may be, upon Substantial Completion of Landlord's Work
and Tenant's Work, as provided in Section 3.2 hereof. Tenant shall be
responsible for payment of escrow fees, if any, incurred by Landlord or Tenant
in connection with such escrow account. In addition, Tenant shall be responsible
for interest costs and one-half percent (1/2 %) commitment fee incurred by
Landlord in connection with its financing of the cost of Tenant's Work and
Change Orders, as applicable. Any and all interest earned on the escrowed funds
shall be payable to Tenant at such time as the escrow is released by Landlord's
mortgagee, or such other mutually agreed upon escrow agent as aforesaid. It is
acknowledged and agreed by Landlord and Tenant that Landlord's mortgagee shall
have no right to set off such escrow account against any of Landlord's
obligations with its mortgagee. In the event that this Lease is terminated by
Tenant pursuant to the provisions of Section 3.2, Landlord's mortgagee shall
release all amounts in the escrow account (including interest) to Tenant.
The total estimated cost to complete the Tenant's Work under this Lease is
seven million dollars ($7,000,000.00) or forty dollars ($46.67) per square foot
(hereinafter, the "Total Estimated Cost"). To the extent that the actual cost of
the Tenant's Work, Net Additional Cost of Landlord's Work and/or Change Orders,
as determined by this Article, is greater than the Total Estimated Cost,
Landlord shall provide Tenant with written notice of such fact together with
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reasonable supporting information. In such event Landlord shall provide Tenant
with monthly construction requisitions for the construction of the portion of
the Tenant's Work, Net Additional Cost of Landlord's Work and/or Change Orders
in excess of the Total Estimated Cost, and Tenant agrees to deposit into said
escrow account monthly the total amount of any such monthly requisitions based
on a percentage of completion basis within five (5) business days of receipt
thereof, and any such additional deposits made by Tenant shall be released to
Landlord at the time and in the manner as the two (2) deposits noted above.
Notwithstanding the foregoing, it is hereby acknowledged and agreed that
Landlord shall, at Tenant's option, use good faith efforts to obtain third party
permanent non-recourse financing for the financing of the foregoing costs due
from Tenant hereunder, which shall be subject to the financability of Tenant. If
such financing is obtained, Landlord agrees to notify Tenant and to amortize the
amount so financed into the Rent due hereunder on such terms to be mutually
agreed to by the parties, each acting reasonably and in good faith. Landlord and
Tenant hereby further agree (i) to amend this Lease so as to reflect any amount
so financed by Landlord hereunder and (ii) the amount so deposited into escrow
by Tenant hereunder shall be offset proportionately by the amount financed by
Landlord as aforesaid.
Landlord and Tenant hereby further acknowledge and agree to enter into a
formal escrow agreement with Landlord's mortgagee or such other escrow agent as
aforesaid, to implement the foregoing arrangements prior to April 1, 2000, such
date being the first date upon which Tenant is required to deposit funds into
escrow. A proposed draft of such escrow agreement has been forwarded to Tenant
for review and approval.
Each requisition shall include copies of all subcontractor's and supplier's
applications for payment and satisfactory evidence of payment of all previous
invoices submitted by subcontractors and suppliers. In addition, Landlord's
architect shall certify that the subject work specified in each of such monthly
requisitions has been substantially completed, and a copy of such certification
shall accompany each requisition furnished to Tenant hereunder. In no event
shall any of such costs due and payable hereunder remain unpaid by Tenant as of
the Term Commencement Date. Tenant and Tenant's Architect shall have the
opportunity to inspect the subject work and to confirm the foregoing
certification by Landlord's architect, and any disputes following such
inspection(s) shall be determined pursuant to Section 3.6 hereof.
For purposes hereof, Landlord and Tenant further agree that the
certification of cost by Xxxxxxxxx Construction Co., Inc. shall be based on the
definition of cost as more particularly set forth in Exhibit L hereto. Any
changes to the Tenant's Plans after the approval of the Tenant's Plans (and any
changes to Landlord's Plans after the approval thereof as set forth in Section
3.1 above) shall be in accordance with the form of Work Change Order attached
hereto as Exhibit K.
If Tenant informs Landlord in writing of its election to require that
Landlord bid out the major contracts in the pricing of the cost of Tenant's Work
(specifically excluding Landlord's Work hereunder), Landlord agrees to obtain
three (3) qualified bids from subcontractors selected from a master list of
subcontractors mutually prepared and agreed upon by Landlord and Tenant prior to
the soliciting of bids for any item of Tenant's Work exceeding twenty-five
thousand
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dollars ($25,000.00). The subcontractor selected for the performance of the work
shall be, subject to Tenant's right to select the final bidder as hereinafter
provided, the subcontractor with the lowest bid price; provided, however, that
if Landlord, in its reasonable judgment, determines that due to changed
conditions (such as increased work commitments on the part of the respective
subcontractor, or other pertinent factors) the selection of such low bidder
could result in Subcontractor Delay Days (as hereinafter defined), then Landlord
shall provide written notice (a "Landlord's Subcontractor Notice") thereof to
Tenant, which notice shall identify the low bidder and next lowest bidder and
indicate the number of Subcontractor Delay Day(s) that would result from
selection of the low bidder (giving due consideration of Landlord's obligations
to use diligent efforts to accelerate construction to make up for lost time to
delays). Tenant shall have four (4) business days upon receipt of such
Landlord's Subcontractor Notice to notify Landlord that either (i) Landlord
should proceed with the original low bidder (in which event the Outside Delivery
Date shall be extended for the number of days (the "Subcontractor Delay Day(s)")
equal to the number of Subcontractor Delay Days indicated in Landlord's
Subcontractor Notice), or (ii) Landlord's selection of the next lowest bidder is
acceptable to Tenant (in which event the Outside Delivery Date shall not be
extended), or (iii) Landlord shall select the third bidder if Tenant, in its
reasonable discretion, determines that the third bidder should be the one
selected for performance of the work (in which event Landlord shall notify
Tenant if such selection shall result in Subcontractor Delay Days and if so, the
number of delay days, whereupon Tenant shall have an additional four (4)
business days to advise Landlord as to its selection). If Tenant so selects such
third bidder, then Landlord shall proceed with such bidder and the Outside
Delivery Date shall be extended for the number of Subcontractor Delay Days
indicated in Landlord's notice. Failure by Tenant to respond within either of
said four (4) day periods shall be deemed to constitute acceptance by Tenant of
Landlord's selection of the next lowest bidder. Landlord agrees to use
reasonable efforts to notify Tenant simultaneously or forthwith upon Tenant's
notification to Landlord as to its election set forth in (i), (ii) or (iii)
above, if Landlord has knowledge or a reasonable basis to believe that a
Subcontractor Delay Day(s) will likely result due to Landlord's notification
requirements hereunder, regardless of whether or not Tenant elects to proceed
with the original lowest bidder or not. In addition, in the event that Landlord
and Tenant are unable to agree on the cost of any portion of said work, any
disagreement shall be resolved pursuant to the provisions of Section 3.6 hereof.
Upon commencement of the Tenant's Work, Landlord and Tenant hereby further
agree, each acting reasonably and in good faith, to attend and participate in
weekly construction meetings with Landlord's general contractor's construction
manager(s) during such construction process.
3.1.2 TENANT'S CONSTRUCTION WORK.
Tenant agrees that any construction included in Tenant's Plans which Tenant
specifies to be done by itself or its contractors (hereinafter referred to as
"Tenant's Construction Work"), which shall include, for example, Tenant's
installation of furnishings, lab equipment, IT/MIS, security and later changes
or additions, shall be completed by and coordinated with any work being
performed by Landlord in such manner as to maintain harmonious labor relations
and not materially damage the Premises or Lot or materially interfere with the
operation of the Building
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or with any of Landlord's construction work hereunder, including but not limited
to the construction of the Landlord's Work and Tenant's Work. Tenant (including
its contractors, agents or employees) shall have access to the Premises and may
perform Tenant's Construction Work prior to the Scheduled Term Commencement Date
and prior to the commencement of the Term so as to prepare the Premises for
occupancy by Tenant ("Pre-Occupancy"), provided that (i) Tenant's contractors,
agents or employees work in a harmonious labor relationship with Landlord's
general contractor, (ii) reasonable prior written notice is given to Landlord's
general contractor specifying the work to be done, and (iii) no work, as
reasonably determined by Landlord, shall be done or fixtures or equipment
installed by Tenant in such manner as to materially interfere with the
completion of Landlord's Work and the Tenant's Work being done by or for
Landlord on the Premises. During the period of preoccupancy of the Premises by
Tenant in connection with Tenant's Construction Work prior to the commencement
of the Term, no Fixed Rent or additional rent or other charges shall accrue or
be payable, but otherwise such preoccupancy shall be subject to all the terms,
covenants and conditions contained in this Lease.
3.2 PREPARATION OF PREMISES FOR OCCUPANCY.
Landlord shall perform the construction work set forth in the Landlord's
Plans and the Tenant's Plans, and, therefore, Landlord agrees to use diligent
efforts to have the Premises ready for occupancy on the Scheduled Term
Commencement Date.
Landlord and Tenant agree that time is of the essence, and Landlord agrees
to use diligent efforts to accelerate construction to make up for time lost due
to any delay. Unless sooner terminated by Tenant pursuant to the provisions of
Section 3.2, the Term of this Lease shall commence on the date the Premises are
deemed ready for occupancy as set forth below (the "Term Commencement Date").
The Premises shall be deemed "ready for occupancy" on the earlier of:
(a) the date on which Tenant occupies all or any portion of the Premises
for the Permitted Uses (except this shall not include periods of Pre-Occupancy
by Tenant as set forth in Section 3.1.2); or
(b) (1) the date on which the construction of all of the Landlord's Work
and the Tenant's Work is Substantially Completed, as defined below, and (2)
Landlord has delivered to Tenant copies of all permits and approvals (the
"Permits") required to be obtained from any governmental agency either in
connection with the (i) construction of the Building or the Park, or any part
thereof, or (ii) prior to occupancy of the Premises by Tenant, including,
without limitation, a permanent certificate of occupancy from the Town of
Westford or a temporary certificate of occupancy from the Town of Westford which
allows Tenant to use and occupy the Premises, including in all cases use of the
elevator(s), and which temporary certificate of occupancy is not conditional on
the performance of any work other than the Punch List Work as defined below,
except that such Permits shall not be required as a condition of Substantial
Completion if Landlord is unable to secure the same due solely to Tenant's
failure to complete Tenant's Construction Work as specified in Section 3.1.2
above (which such date, subject to
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additional terms and provisions of this Section 3.2, shall hereinafter be
referred to as the date of "Substantial Completion" or which such work shall
hereinafter be referred to as "Substantially Completed"). In any event,
notwithstanding the achievement of Substantial Completion, all Punch List Work
shall be completed by no later than thirty (30) days after the date of
Substantial Completion, except as hereinafter provided.
An AIA Certificate of Substantial Completion by the Landlord's architect
and approved by Tenant's Architect (which such Certificate shall be in the form
attached hereto as Exhibit C-1), shall evidence the Landlord's determination
that it has performed all such obligations, except for completing the
landscaping work and completing the final paving course, and minor items stated
in such Certificate to be incomplete or not in conformity with such
requirements, or will not materially interfere with Tenant's use or occupancy of
the Premises and all of which work shall be identified and specified in the
Certificate of Substantial Completion (collectively such landscaping work,
finish paving course work and minor items are referred to herein as the "Punch
List Work") shall be promptly completed. Tenant shall have the right within
fifteen (15) days after Tenant's receipt of said Certificate of Substantial
Completion to notify Landlord of its disagreement with said Certificate and to
identify additional items of Punch List Work, all of which shall be completed by
Landlord within thirty (30) days after notice thereof from Tenant.
If weather materially and adversely interferes with Landlord's ability to
finish the final course of paving and outside work or such other Punch List
Work, which such work does not materially interfere with Tenant's occupancy, and
the operation of Tenant's business therein, said work can be completed by
Landlord reasonably thereafter, so long as such delay does not and will not
interfere with or prevent Landlord from obtaining a certificate of occupancy
upon completion of all other work herein described.
Notwithstanding the foregoing, in the event that the Punch List Work is not
completed by Landlord on or before such date which is six (6) months following
the date of Substantial Completion, then Tenant shall have the right, but not
the obligation, to complete the Punch List Work and charge the Landlord the
difference, if any, between the costs reasonably incurred by Tenant in
completing the same, provided that at least thirty (30) days prior written
notice has been provided to Landlord, its mortgagee (of whose address Tenant has
been given written notice) and The Xxxxxxxxx Company (as guarantor under the
Guaranty of Completion to be furnished to Tenant upon execution of this Lease,
such guaranty to be in the form attached hereto as Exhibit O) and Landlord shall
have not cured (or commenced to cure and is not prosecuting curing of the same
to completion with due diligence) the same. Landlord agrees to reimburse Tenant
pursuant to the provisions of 10.10(b) hereof and shall be entitled to such
offset rights as set forth therein.
After Landlord has completed all Landlord's Work and Tenant's Work,
including all Punch List Work, Landlord's architect shall forward to Tenant its
Certificate of Final Completion, such Certificate to be in the form attached
hereto as Exhibit C-2. In addition, promptly after completion of all such work,
including all Tenant's Construction Work by Tenant, Landlord shall forward to
Tenant a final certificate of occupancy from the Town of Westford.
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The phrase "Tenant's Delay" shall mean the aggregate number of days
(excluding any days of delay caused by or resulting from Force Majeure) equal to
the actual number of days that, notwithstanding its diligent and good faith
efforts to complete construction by the Scheduled Term Commencement Date, the
Landlord is delayed in completing its construction by the Scheduled Term
Commencement Date due to (i) the failure of the Tenant to deliver the Tenant's
Plans (or modifications thereto) to Landlord on the dates established pursuant
to Section 3.1 hereof, or (ii) a delay caused by Tenant performing the Tenant's
Construction Work pursuant to Section 3.1.2 hereof, or (iii) the number of
Subcontractor Delay Days pursuant to Section 3.1.1 hereof, or (iv) a delay or
stoppage requested in writing by Tenant, or (v) the number of Tenant Alteration
Delay Days resulting from Change Orders requested by Tenant pursuant to Section
3.1 hereof, or (vi) the number of Tenant Plan Delay Day(s) pursuant to Section
3.1 hereof, then the Term Commencement Date shall be deemed to have occurred on
the date, as certified by Landlord and its architect, and agreed upon by
Tenant's Architect, that Substantial Completion would have occurred had there
not occurred such Tenant's Delay, calculated by determining the number of days
of Tenant's Delay as aforesaid, giving consideration to Landlord's obligation
under the second paragraph of this Section 3.2 to accelerate to make up for time
lost due to any delays. Landlord agrees to promptly provide Tenant with written
notice of such Tenant's Delay promptly after the occurrence of such Tenant's
Delay, such notice to include reasonable detail describing the cause of the
delay as certified by Landlord's architect.
Notwithstanding the foregoing provisions, if the Premises are not deemed
ready for occupancy on or before the Outside Delivery Date (as defined below)
for whatever reason, Tenant may elect (i) to cancel this Lease at any time
thereafter while the Premises are not deemed ready for occupancy by giving
notice to Landlord of such cancellation which shall be effective ten (10) days
after such notice, unless within such ten (10) day period Landlord delivers the
Premises ready for occupancy as defined herein, in which event such notice of
cancellation shall be rendered null and void and of no further force or effect,
or (ii) to enforce Landlord's covenants to construct the Premises in accordance
with the terms of this Lease. In the event Tenant elects to enforce Landlord's
agreement to construct the Premises in accordance with this Lease, Tenant shall
also have the right to terminate this Lease if Landlord fails to complete the
Premises within the period of time set by any court of competent jurisdiction
for such work to be completed, or within such additional period of time from the
date of Landlord's default as may be mutually agreed to by Landlord and Tenant.
Notwithstanding any provisions of this Lease to the contrary, in the event that
the Premises are not deemed ready for occupancy on or prior to such date which
is ninety (90) days following the Scheduled Term Commencement Date (as such date
may be extended for reasons due to Force Majeure and/or to Tenant's Delay), then
Tenant may elect to receive from Landlord as liquidated damages an abatement of
Fixed Rent, less the Annual Estimated Operating Costs (following commencement of
rental obligations pursuant to Section 4.1) equal to one hundred percent (100%)
of the Fixed Rent, less the Annual Estimated Operating Costs, for each day the
Tenant's Work and Landlord's Work is not Substantially Completed ninety (90)
days beyond the Scheduled Term Commencement Date (as such date may be extended
as aforesaid). The foregoing remedies shall be Tenant's sole and exclusive
remedies for not having the Premises completed on or before the Outside Delivery
Date.
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For purposes hereof, the Outside Delivery Date shall be deemed to refer to
that certain date which is sixty (60) days following the Scheduled Term
Commencement Date, as such date may be extended for a period equal to that of
(i) any delays due to Force Majeure as defined in Section 3.5 hereof, (ii) the
number of delay days caused by a Tenant's Delay as hereinbefore determined;
provided, however, that there shall be no extensions for the matters set forth
in clause (i) above (specifically excluding the matters set forth in clause (ii)
above) for more than forty-five (45) days in the aggregate.
3.2.1 PARTIAL OCCUPANCY AND RENT COMMENCEMENT.
If the entire Premises are not ready for occupancy on the Scheduled Term
Commencement Date, the Tenant may elect, but shall have no obligation to, occupy
any portion or portions of the Premises which are ready for occupancy when, in
Landlord's opinion, it can be done without material interference with remaining
work. In such event, Tenant agrees not to materially interfere with Landlord's
construction of the Premises. In the event Tenant elects to take occupancy of a
portion of the Premises, that portion shall be deemed ready for occupancy as to
said portion on the date of occupancy of such portion and Tenant's obligation to
pay Fixed Rent and additional rent shall commence on said date pro rata based on
the square footage occupied compared to the total square footage in the
Premises. The foregoing provisions of this Section 3.2.1 shall not apply to the
rights of Tenant set forth in Section 3.1.2 hereof.
3.3 GENERAL PROVISIONS APPLICABLE TO CONSTRUCTION
All construction work required or permitted by this Lease, whether by
Landlord or by Tenant (or their respective subcontractors), shall be done in a
good and workmanlike manner and in compliance with Landlord's Plans and Tenant's
Plans and all applicable laws and all lawful ordinances, regulations and orders
of governmental authority and insurers of the Building. Either party may inspect
the work of the other at reasonable times and shall promptly give notice of
observed defects. Notice of said defects shall be in writing and shall be
rectified by Landlord or Tenant, as the case may be, within thirty (30) days of
the original date of notice. Except as otherwise provided in Section 3.7 hereof,
failure to provide notice hereunder shall not be the basis for any liability or
for injury or damage caused by such defect of or waiver of right to cause any
defect to be corrected.
3.4 REPRESENTATIVES
Landlord hereby acknowledges and agrees that only the following persons,
Xxxxxx X. Xxxxxx, Xxxxxx Xxxxxx or Xxxxxxx Xxxxxxx, or any successors to either
of them holding the same title or any other person delegated the authority from
either of them in writing (hereinafter "Tenant's Construction Representatives")
have the authority to act on Tenant's behalf and represent Tenant's interest
with respect to all matters requiring Tenant's action in this Article. No
consent, authorization or other action by Tenant with respect to matters set
forth in this Article shall bind Tenant unless in writing and signed by one of
the aforementioned persons. Landlord hereby expressly recognizes and agrees that
no other person claiming to act on behalf of Tenant is authorized to do so. If
Landlord complies with any request or direction presented to it by
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anyone claiming to act on behalf of Tenant who does not have the title and
position mentioned above, such compliance shall be at Landlord's sole risk and
responsibility and shall not in any way alter or diminish the obligations and
requirements created and imposed by this Article, and Tenant shall have the
right to enforce compliance with this Article without suffering any waiver or
abrogation of any of its rights hereunder.
Tenant hereby acknowledges and agrees that only the following persons,
Xxxxxx X. Xxxxxxxxx, Xxxx X. Xxxxxxx or P. Xxxxxxx Xxxx or any successors to
either of them holding the same title or any other person delegated the
authority from either of them in writing (hereinafter "Landlord's Construction
Representatives") have the authority to act on Landlord's behalf and represent
Landlord's interests with respect to all matters requiring Landlord's action in
this Article. No consent, authorization or other action by Landlord with respect
to matters set forth in this Article shall bind Landlord unless in writing and
signed by one of the aforementioned persons. Tenant hereby expressly recognizes
and agrees that no other person claiming to act on behalf of Landlord is
authorized to do so. If Tenant complies with any request or direction presented
to it by anyone claiming to act on behalf of Landlord who does not have the
title and position mentioned above, such compliance shall be at Tenant's sole
risk and responsibility and shall not in any way alter or diminish the
obligations and requirements created and imposed by this Article, and Landlord
shall have the right to enforce compliance with this Article without suffering
any waiver or abrogation of any of its rights hereunder.
3.5 FORCE MAJEURE.
As used in this Article and elsewhere in the Lease, "Force Majeure" shall
mean a time extension equal to that of any delays when the party required to
perform the respective obligation is prevented from doing so, despite the
exercise of reasonable diligence, and such delay is caused by: (i) Acts of God,
(ii) changes in government regulations, (iii) casualty, (iv) strike or other
such labor difficulties, (v) unusual weather conditions, (vi) unusual scarcity
of or inability to obtain supplies, parts or employees to furnish such services,
or (vii) other acts reasonably beyond Landlord's control, but in no event shall
the term include economic or financing difficulties. Landlord shall provide
Tenant with written notice of the occurrence of a Force Majeure event promptly
after the occurrence thereof, and shall comply with its respective obligation(s)
as soon as the cause for the delay has (have) been eliminated. As hereinbefore
provided in Section 3.2, extensions due to Force Majeure shall be limited to
forty-five (45) days in the aggregate.
3.6 ARBITRATION BY ARCHITECTS.
Whenever there is a disagreement between the parties with respect to
construction by Landlord of Landlord's Work or Tenant's Work, such disagreement
shall be definitively determined by the following procedure: Each of Landlord
and Tenant shall appoint one (1) independent architect (which such architect may
be Landlord's Architect and Tenant's Architect referenced in section 3.1 above),
such two (2) architects will then (within five (5) days of their appointment)
appoint a third independent architect licensed in the Commonwealth of
Massachusetts with not less than ten (10) years experience. Each architect shall
establish within ten (10) days of their appointment the matter in dispute. In
case of any dispute with respect to
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dollar amounts or lengths of time or dates such as the date of Substantial
Completion, the dollar amount or length of time or date shall be the average of
the two closest determinations by the three (3) architects, with the
determination of the architect which was not closest to another architect's
determination excluded from such calculation. In case of any dispute not
involving dollar amounts or lengths of time or dates (i.e. the approval of
plans) the determination by at least two (2) of the three (3) architects shall
be required in order to resolve the matter in dispute. Landlord and Tenant shall
each bear the cost of the architect selected by them respectively and shall
share equally the cost of the third architect. During such arbitration period,
the parties agree to cooperate with one another so as to proceed with
construction and with their respective obligations hereunder in a timely manner.
Each determination under this Section 3.6 shall be binding upon Landlord and
Tenant.
3.7 WARRANTY OF LANDLORD'S WORK AND TENANT'S WORK.
Notwithstanding the provisions of Section 3.3, Landlord hereby warrants and
guarantees that the Landlord's Work and the Tenant's Work shall be free from
defects in workmanship and materials for a period of one (1) year after the Term
Commencement Date or such later date upon which all such work has been completed
(including Punch List Work). Upon the expiration of said one (1) year period,
Landlord shall assign to Tenant any and all warranties and guarantees with
respect to Landlord's Work and Tenant's Work and, to the extent that any such
warranties and guarantees are not assignable, Landlord agrees to enforce the
same for the benefit of Tenant, at Tenant's sole cost and expense. Tenant shall
not be responsible to pay for any such warranties of less than one (1) year
duration or enforcement by Landlord against its own employees or against
Xxxxxxxxx Construction Co., Inc. or against any of its other affiliates
(including their respective employees). Landlord agrees to repair, at its sole
cost and expense any latent defects in Landlord's Work or Tenant's Work promptly
after receipt of notice therefrom from Tenant, provided that such notice from
Tenant is received by Landlord on or before such date which is three (3) years
after the Term Commencement Date or such later date upon which all such work has
been completed (including Punch List Work). In connection therewith, Tenant
shall notify Landlord promptly after it becomes aware of any such latent
defects. Any repairs or replacements or alterations to Landlord's Work or
Tenant's Work after said initial one (1) year period, and any work required
because of latent defects after said three (3) year period, shall be chargeable
to Tenant in accordance with and subject to the provisions of Section 4.2
hereof.
ARTICLE IV
RENT
4.1 RENT
Tenant agrees to pay, without any offset or reduction, except as expressly
set forth herein, Fixed Rent equal to 1/12th of the annual Fixed Rent set forth
in Section 1.1 in equal installments in advance on the first day of each
calendar month included in the Term; and for any portion of a calendar month
occurring at the beginning or end of the Term, at the rate payable for such
portion in advance. Landlord hereby further agrees to credit the option funds
paid by Tenant
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totaling Four Hundred Eighty Five Thousand ($485,000.00) and interest earned
thereon (commencing on April 1, 2000) against Tenant's rental obligations due
hereunder.
4.2 OPERATING COST ESCALATION
With respect to the First Fiscal Year for Tenant's Paying Operating Cost
Escalation, or fraction thereof, and any Fiscal Year or fraction thereafter
during the Term, Tenant shall pay to Landlord, as additional rent, Operating
Cost Escalation (as defined below), if any, on or before the thirtieth day
following receipt by Tenant of Landlord's Statement (as defined below). As soon
as practicable after the end of each Fiscal Year ending during the Term and
after Lease termination, Landlord shall render a statement ("Landlord's
Statement") in reasonable detail and according to generally accepted accounting
principles, consistently applied, certified by Landlord, and showing for the
preceding Fiscal Year or fraction thereof, as the case may be, "Landlord's
Operating Costs,"
EXCLUDING the interest and amortization on mortgages for the Building and
Lot or leasehold interests therein and the cost of special services rendered to
tenants (including Tenant) for which a special charge is made,
BUT INCLUDING, without limitation: real estate taxes on the Building, the
Lot and the Common Areas of the Park (including without limitation the sewer
treatment plant servicing the Park); installments and interest on assessments
for public betterments or public improvements; expenses of any proceedings for
abatement of taxes and assessments with respect to any Fiscal Year or fraction
of a Fiscal Year; premiums for insurance required to be maintained by Landlord
pursuant to this Lease; compensation and all fringe benefits, workmen's
compensation, insurance premiums and payroll taxes paid by Landlord to, for or
with respect to all persons engaged in the operating, maintaining, or cleaning
of the Building and Lot; steam, water, sewer, electric, gas, telephone, and
other utility charges not billed directly to tenants by Landlord or the utility,
but not including the cost to Landlord of electricity furnished for lighting,
electrical facilities, equipment, machinery, fixtures and appliances used by
Tenant in Tenant's Space (other than Building heating, ventilating and air
conditioning equipment) as set forth in Paragraph VII of Exhibit D; costs of
building and cleaning supplies and equipment (including rental); cost of
maintenance, cleaning and repairs; cost of snow plowing or removal, or both, and
care of landscaping; payments to independent contractors under service contracts
for cleaning, operating, managing, maintaining and repairing the Building and
Lot (which payments may be to affiliates of Landlord provided the same are at
reasonable rates consistent with similar contracts with unaffiliated third
parties); the Building's pro rata share (as hereinafter defined) of the cost of
operating, maintaining and repairing the Common Areas of the Park (such as, but
not limited to, snow plowing, sanding, landscaping, common area and street
lighting, security, management and sewer treatment plant maintenance); and all
other reasonable and necessary expenses paid in connection with the operation,
cleaning, maintenance, and repair of the Building and Lot, or either, and
properly chargeable against income, it being agreed that if Landlord installs a
new or replacement capital item for the purpose of reducing Landlord's Operating
Costs, the costs thereof as reasonably amortized by Landlord over the useful
life in years of the capital item so installed in accordance with generally
accepted accounting principles ("GAAP"), consistently
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applied, with legal interest on the unamortized amounts, shall be included in
Landlord's Operating Costs. Landlord agrees that all of such services to be
included in Landlord's Operating Costs shall be obtained by Landlord at
commercially reasonable, competitive market rates consistent with the operation
and management of comparable "Class A" office buildings in the suburban Boston
area.
Notwithstanding anything to the contrary contained herein, in no event
shall Landlord's Operating Costs include (nor shall Tenant have any obligation
to pay any Operating Cost Escalation on account of) the following:
(a) Costs, expenses and fees relating to solicitation of, advertising for
and entering into leases and other occupancy arrangements for space in
the Park, including but not limited to legal fees, space planners'
fees, real estate brokers' leasing commissions and advertising
expenses.
(b) Costs of defending any lawsuits with any mortgagee , costs of selling,
syndicating, financing, mortgaging or hypothecating any of Landlord's
interest in the Park (or any part thereof), costs of any disputes
between Landlord and its employees, disputes of Landlord with building
management, or outside fees paid in connection with disputes with
other tenants or adjacent property owners.
(c) Costs of correcting defects in the Building or the Building equipment
or replacing defective equipment at any time during the three (3) year
period described in Section 3.7, subject to the provisions of said
Section 3.7, and thereafter solely to the extent such costs relate to
items covered by warranties of manufacturers, suppliers or contractors
or are otherwise borne by parties other than Landlord and for which
Landlord receives reimbursement.
(d) Costs of installations or improvements of any type paid by or
constructed for specific tenants or other occupants.
(e) Interest, points, other finance charges and principal payments on
mortgages, and other costs of indebtedness, if any.
(f) All amounts which are specifically charged to or otherwise paid by any
other tenant or other occupant of the Building or the Park, or for
items or services which Landlord provides selectively to one or more
tenants (other than Tenant) without reimbursement.
(g) Any bad debt loss, rent loss or reserves for bad debts or rent loss.
(h) The salary and indirect compensation (including, without limitation,
all fringe benefits, workmen's compensation, insurance premiums and
payroll taxes) of any employee above the trade of building manager,
and the wages and indirect
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compensation of any employee to the extent such employee devotes his
or her time to property other than the Building.
(i) Amounts, if any, paid as ground rental by Landlord.
(j) Expenses related to landlord-tenant disputes.
(k) Management fees in excess of five percent (5%) of gross collected
rents.
(l) Costs related to hazardous material clean-up, remediation and other
expenses (unless due to Tenant's actions), Landlord and Tenant hereby
agreeing that in no way shall this exclusion limit or impair Tenant's
obligations set forth in Section 6.1.17 hereof.
(m) Costs of capital improvements, except for such capital improvements
specifically provided for in this Section 4.2.
Notwithstanding any language to the contrary contained herein, Landlord's
Operating Costs shall be reduced by reimbursements, credits, discounts,
reductions or other allowances received or receivable by Landlord for items of
cost included in Landlord's Operating Costs (except for reimbursements to
Landlord by tenants under the additional rent provisions of their respective
leases), including any tax refunds realized as a result of any abatement
proceeding or otherwise.
Tenant shall be responsible to pay its share of Operating Cost Escalation
(as defined below) for the Building based upon the proportion that the Rentable
Floor Area of Tenant's Space bears to the Total Rentable Floor Area of the
Building as the same may be expanded pursuant to the terms of Exhibit R hereto.
Landlord and Tenant hereby acknowledge and agree that the Building's pro rata
share of Park-related costs shall be allocated by Landlord in a commercially
reasonable manner based upon the following: upon the ratio of the square footage
of the Premises to the aggregate square footage of all completed buildings in
the Park, as such buildings are completed from time to time, and, with respect
to sewer treatment plant expenses, connected for service from time to time to
the sewer treatment plant, and upon factors such as usage of a particular tenant
in the Park and/or such other pertinent factors as reasonably determined by
Landlord.
"Operating Cost Escalation" shall be equal to the difference, if any,
between:
(a) the product of Landlord's Operating Costs per rentable square foot as
indicated in Landlord's Statement times the Rentable Floor Area of
Tenant's Space; and
(b) the product of the Annual Estimated Operating Costs per rentable
square foot times the Rentable Floor Area of Tenant's Space.
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If, with respect to any Fiscal Year or fraction thereof during the Term,
Tenant is obligated to pay Operating Cost Escalation, then Tenant shall pay, as
additional rent, on the first day of each month of each ensuing Fiscal Year
thereafter, until Landlord's Statement for an ensuing Fiscal Year reflects that
Tenant is not obligated to pay Operating Cost Escalation, Estimated Monthly
Escalation Payments equal to 1/12th of the annualized Operating Cost Escalation
for the immediately preceding Fiscal Year, Estimated Monthly Escalation Payments
for each ensuing Fiscal Year shall be made retroactively from the first day of
such Fiscal Year and on account of the payment to be made pursuant to the first
sentence of this Section 4.2 for such Fiscal Year, with an appropriate
additional payment or refund to be made at the time such payment is due.
The term "Fiscal Year" as used in this Article shall mean the period of
twelve (12) consecutive months commencing on January 1 and ending on December
31.
The term "real estate taxes" as used above shall mean all ad valorem real
estate taxes assessed by any governmental authority on the Lot, the Building and
improvements, or both, and the Common Areas of the Park, subject to the
following: There shall be excluded from such taxes (i) any governmental or
business park "special assessments" (i.e. roads and sewers) not considered to be
"property" taxes hereunder, and (ii) all income taxes, excess profits taxes,
excise taxes, franchise taxes, estate, succession, inheritance and transfer
taxes, provided, however, that if at any time during the Term the present system
of ad valorem taxation of real property shall be changed so that in lieu of the
whole or any part of the ad valorem tax on real property, there shall be
assessed on Landlord a capital levy or other tax on the gross rents received
with respect to the Lot, Building and improvements, or both, and the Common
Areas of the Park, a federal, state, county, municipal, or other local income,
franchise, excise or similar tax, assessment, levy or charge (distinct from any
now in effect) measured by or based, in whole or primarily, upon any such gross
rents, then any and all of such taxes, assessments, levies or charges, to the
extent so measured or based, shall be deemed to be included within the term
"real estate taxes".
If the total of the monthly payments paid by Tenant with respect to any
Fiscal Year exceeds the actual Operating Cost Escalation for such Fiscal Year,
then, at Landlord's option, such excess shall be either (i) credited against
payments on account of Operating Cost Escalation next due hereunder, or (ii)
refunded by Landlord to Tenant.
The amount of any refund of real estate taxes shall be credited against
real estate taxes for the Fiscal Year in which such refund is received;
provided, however, in the event that Landlord receives a refund on account of
real estate taxes after the expiration of the Term, which refund relates to a
Fiscal Year during the Term, the amount of such refund fairly allocable to
Tenant shall be refunded to Tenant by Landlord. All references to real estate
taxes "for" a particular Fiscal Year shall be deemed to refer to real estate
taxes due and payable during such Fiscal Year without regard to when such
impositions are assessed or levied.
All records that the Landlord is required to maintain hereunder shall be
maintained by the Landlord for a period of two (2) years following the
expiration of the Fiscal Year to which such records relate. Tenant shall have
the right, through its representatives, but not an obligation, to examine, copy
and audit such records at reasonable times, but no more than once per Fiscal
Year,
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upon not less than thirty (30) days prior written notice. Such records shall be
maintained at Landlord's Address set forth in Section 1.1, or such other place
within the Commonwealth of Massachusetts as Landlord shall designate from time
to time for the keeping of such records. The costs of such audits shall be borne
by Tenant; provided, however, that if such audit establishes that the actual
Operating Cost Escalation for the Fiscal Year in question is less than the
Landlord's final determination of the Operating Cost Escalation as set forth in
the Landlord's Statement submitted to Tenant by at least ten (10%) percent, then
Landlord shall pay the reasonable cost of such audit. If, as a result of such
audit, it is determined that Tenant must pay additional amounts to Landlord on
account of the Operating Cost Escalation, or that Tenant has overpaid Landlord
on account of the Operating Cost Escalation, then the undercharged or overpaid
party shall reimburse the other party for the payment due, together with
interest thereon from the date of Landlord's Statement at the interest rate set
forth in Section 4.3 hereof. In no event shall the provisions of this paragraph
require Tenant to complete any such audit.
Notwithstanding anything contained to the contrary in this Lease, the
initial responsibility for the payment of all real estate taxes with respect to
the Building and the Park shall be upon the Landlord and the Landlord agrees to
pay the same as required by law. Landlord shall provide Tenant with a
computation of Tenant's pro rata share thereof, and upon Tenant's request,
copies of all tax bills.
Landlord shall have the right from time to time to change the periods of
accounting under this Section 4.2 to any annual period other than the Fiscal
Year and upon any such change all items referred to in this Section shall be
appropriately apportioned. In all Landlord's Statements, rendered under this
Section, amounts for periods partially within and partially without the
accounting periods shall be appropriately apportioned, and any items which are
not determinable at the time of a Landlord's Statement shall be included therein
on the basis of Landlord's estimate, and with respect thereto Landlord shall
render promptly after determination a supplemental Landlord's Statement, and
appropriate adjustment shall be made according thereto. All Landlord's
Statements shall be prepared in accordance with GAAP.
Notwithstanding any other provision of this Section 4.2, if the Term
expires or is terminated as of a date other than the last day of a Fiscal Year
at the end of the Term, Tenant's last payment to Landlord under this Section 4.2
shall be made on the basis of Landlord's best estimate of the items otherwise
includable in Landlord's Statement and shall be made on or before the later of
(a) ten (10) days after Landlord delivers such estimate to Tenant, or (b) the
last day of the Term, with an appropriate payment or refund to be made upon
submission of Landlord's Statement. Without limitation, the obligation of Tenant
to pay the Operating Cost Escalation with respect to any Fiscal Year during the
Term (or portion thereof) shall survive the expiration or earlier termination of
the Term.
4.3 PAYMENTS
All payments of Fixed Rent and additional rent shall be made to Managing
Agent, or to such other person as Landlord may from time to time designate in
writing. If any installment of rent, Fixed Rent or additional, or on account of
leasehold improvements is paid more than five
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(5) business days after the due date thereof, at Landlord's election, it shall
bear interest at the rate of eighteen percent (18%) per annum (or, if lower, the
maximum rate permitted by law).
ARTICLE V
LANDLORD'S COVENANTS
5.1 LANDLORD'S COVENANTS DURING THE TERM
Landlord covenants during the Term:
5.1.1 Building Services - To furnish, through Landlord's employees or
independent contractors, the services listed in Exhibit D;
5.1.2 Additional Building Services - To furnish, through Landlord's
employees or independent contractors, reasonable additional Building
operation services upon reasonable advance request of Tenant at
reasonable and competitive rates from time to time established by
Landlord to be paid by Tenant;
5.1.3 Repairs - Except as otherwise provided in Article VII, except as
resulting from Tenant's negligence or misuse, except as resulting
from settling or sagging within standard engineering tolerance
(provided that the settling or sagging does not affect the surface or
structural integrity of the Building or in any way materially affect
the ordinary and customary use of the Premises, or any part thereof
by Tenant), or except for damage or deterioration resulting from
reasonable wear and damage, Landlord shall keep in good order,
condition and repair, the roof of the Building, all gutters and
downspouts, foundations, exterior (including exterior painting and
finish) and structural portions of the Building, all Building systems
serving the Building, and all plumbing and utility lines serving the
Premises, whether located within or outside of the Premises. The
Landlord's obligations shall include, without limitation, the
obligation to make all necessary repairs, replacements or alterations
to the roof, the exterior walls, the foundation, the floor slabs and
all other structural elements of the Building, to maintain the
Building Parking Area and to maintain in good order and condition the
Lot and the other lots, buildings and improvements located within the
Park, including but not limited to the Common Areas of the Park (e.g.
parking areas, passageways, driveways, sidewalks, roadways, and sewer
treatment plant). Landlord shall maintain in good operating condition
throughout the Term, reasonable wear and tear excepted, repair and
replace the HVAC equipment in the Building, in accordance with the
requirements of the Landlord's Plans (expressly excluding the HVAC
system(s), if any, not specifically described in Landlord's Plans,
(i) unless otherwise mutually agreed upon by Landlord and Tenant in
writing or (ii) unless the parties determine that it is difficult or
in practical to maintain the HVAC system(s) separately, the parties
hereby agreeing in such event that Landlord shall maintain all HVAC
systems and shall charge Tenant the incremental cost thereof pursuant
to Section 4.2 hereof), and shall assign (to the extent assignable)
all
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warranties and guarantees with respect thereto to Tenant. Tenant may
elect, at its cost and expense and upon the prior consent of Landlord
(which such consent shall not be unreasonably withheld or delayed),
to bring actions to enforce remedies under said warranties or
guarantees in the name of the Landlord or jointly with Landlord, at
no expense to Landlord;
5.1.4 Quiet Enjoyment - That Landlord has the right to make this Lease and
that Tenant, on paying the rent and performing its obligations
hereunder, shall peacefully and quietly have, hold and enjoy the
Premises throughout the Term without any manner of hindrance or
molestation from Landlord or anyone claiming under Landlord, subject,
however, to all the terms and provisions hereof;
5.1.5 Intentionally Deleted.
5.1.6 Landlord's Insurance - Beginning with the commencement of Landlord's
Work and thereafter throughout the Term, Landlord shall purchase and
keep in force, broad-form commercial general liability insurance, or
the equivalent then-customary form providing comparable coverages,
written out on an occurrence basis containing provisions adequate to
protect the Landlord from and against claims for bodily injury,
including death and personal injury and claims for property damage
occurring within the Park and/or the Building, such insurance having
body injury and property damage combined limits of not less than five
million dollars ($5,000,000) per occurrence. In addition, Landlord
shall procure and continue in force during the Term, as the same may
be extended hereunder, fire and extended coverage insurance,
including vandalism, sprinkler leakage and malicious mischief, upon
the Building on a full replacement cost basis, agreed cost value
endorsement with agreed values for the Building and other tenant
improvements and alterations, as determined annually by the
Landlord's insurer. Landlord shall also procure and continue in force
during the Term, as the same may be extended hereunder, rental
interruption insurance for twelve (12) months or the maximum amounts
permitted. Copies of certificates of insurance evidencing the
foregoing shall be furnished to Tenant, upon Tenant's reasonable
request. All insurance required of Landlord pursuant to this Section
shall be effected under policies issued by insurers or recognized
responsibility (which are rated A or A+ by Best's Rating Service or a
comparable rating by an equivalent service). The coverages required
by this Section 5.1.6 may be provided by a single "package policy";
5.1.7 Landlord's Indemnity - Landlord covenants and agrees to defend, with
counsel reasonably acceptable to Tenant, save harmless and indemnify
Tenant from any liability for injury, loss, accident or damage to any
person or property on the Premises or the Park, and from any claims,
actions, proceedings and reasonable expenses and costs in connection
therewith (including, without implied limitation, reasonable counsel
fees), arising directly from the negligent acts and/or willful
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misconduct of Landlord not caused directly by the negligent acts or
willful misconduct of Tenant. In no event shall Landlord be obligated
to indemnify Tenant for any willful or negligent act or omission of
Tenant or of any of Tenant's employees, agents, contractors or
licensees;
5.1.8 Hazardous Materials - Landlord represents and warrants that, to the
best of Landlord's knowledge as of the date of this Lease and as of
the date of Substantial Completion (i) there does not exist (and will
not exist as of the date of Substantial Completion) any leak, spill,
release, discharge, emissions or disposal of Hazardous Materials on
the Lot (including the Building to be located thereon), and (ii) the
Premises do not (and will not as of the date of Substantial
Completion) contain any Hazardous Materials, except as may be
contained in customary cleaning supplies or in such other supplies
(e.g. paint) that are necessary for Landlord to perform its
obligations hereunder. In the event that any such leak, spill,
release, discharge, emission or disposal of Hazardous Materials shall
occur on the Lot or (apart from DE MINIMIS amounts of such materials
used for cleaning and maintenance purposes or in connection with the
operation of loading docks) the Park not caused by Tenant or its
officers, employees, agents, contractors or licensees, Landlord shall
take any and all actions necessary to bring the Premises, the Park
and/or the Building (excluding all portions thereof leased or
leasable to tenants) into compliance with applicable law and other
governmental requirements relating thereto.
Landlord agrees to notify Tenant immediately upon discovery of any
Hazardous Materials on the Premises or in the Park and to indemnify,
defend and hold harmless Tenant and its officers, employees and
agents from and against any claims, judgments, damages, penalties,
fines, costs, liabilities or loss (including without limitation
reasonable attorneys' fees) which arise during or after the date
hereof from or in connection with the presence or suspected presence
of Hazardous Materials on the Premises or in the Park caused directly
by the negligent acts or willful misconduct of Landlord.
Notwithstanding any language to the contrary set forth in this Lease,
in no event shall Landlord be obligated to indemnify Tenant for any
Hazardous Materials which arise, as a result of the negligent acts or
willful misconduct of Tenant, its officers, employees, agents,
contractors or licensees. The covenants and indemnifications set
forth in this Section 5.1.8 shall survive the expiration or earlier
termination of this Lease; and
5.1.9 Tenant's Costs - In case Tenant shall, without any fault on its part,
be made party to any litigation commenced by or against Landlord or
by or against any parties in possession of the Premises or any part
thereof claiming under Landlord, Landlord agrees to reimburse Tenant
for all reasonable costs, including without implied limitation,
reasonable counsel fees, incurred by or imposed upon Tenant in
connection with such litigation and to pay all such reasonable costs
and fees incurred in connection with the successful enforcement by
Tenant of any obligations of Landlord under this Lease.
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Except as specifically provided to the contrary in Section 4.2, Landlord
shall charge Tenant under the provisions of Section 4.2 for the costs incurred
by Landlord in connection with the services and/or repairs set forth in Sections
5.1.1, 5.1.2, 5.1.3 and 5.1.6 above; provided, however, Landlord shall be
responsible to pay the following, at its sole cost and expense: (i) repairs or
replacements which are necessary to maintain the structural integrity of the
Building and the roof during the Term of this Lease (expressly including any
renewal terms hereunder), and (ii) maintenance and repairs (and replacements, if
necessary) during the initial one (1) year period (or three (3) year period as
to latent defects) described in Section 3.7 or otherwise covered by Landlord's
or manufacturers warranties described in Section 3.7 above.
5.2 INTERRUPTIONS
Except as otherwise set forth below in this Section 5.2, Landlord shall not
be liable to Tenant for any compensation or reduction of rent by reason of
inconvenience or annoyance or for loss of business arising from power losses or
shortages or from the necessity of Landlord's entering the Premises for any of
the purposes in this Lease authorized, or for repairing the Premises or any
portion of the Building or Lot. In case, notwithstanding Landlord's diligent
efforts in connection therewith (which such efforts shall never obligate
Landlord to pay for overtime and/or premium time work, or to pay a premium for
expedited delivery, except as such additional costs are so authorized and paid
for by Tenant), Landlord is prevented or delayed from making any repairs,
alterations or improvements, or furnishing any service or performing any other
covenant or duty to be performed on Landlord's part, by reason of any cause
reasonably beyond Landlord's control (expressly excluding Landlord's financial
inability), Landlord shall not be liable to Tenant therefore, nor, except as
expressly otherwise provided in Article III or Article VII, shall Tenant be
entitled to any abatement or reduction of rent by reason thereof, nor shall the
same give rise to a claim in Tenant's favor that such failure constitutes,
actual or constructive, total or partial, eviction from the Premises.
Landlord reserves the right to stop any service or utility system when
necessary by reason of accident or emergency or until necessary repairs have
been completed. Except in case of emergency repairs, Landlord will give Tenant
reasonable advance notice of any contemplated stoppage and will use reasonable
efforts to avoid unnecessary inconvenience to Tenant by reason thereof.
Notwithstanding any language to the contrary, if, due solely to any act or
omission on the part of Landlord, electricity, heat, air conditioning, water or
any other service or utility that Tenant is entitled to receive under this Lease
is interrupted, and such interruption renders the Premises untenantable, or any
portion thereof is reasonably inaccessible by Tenant, or makes it impracticable
for Tenant to conduct its business in the Premises, then if such interruption or
cessation shall continue for a period of thirty (30) consecutive days after
notice thereof from Tenant to Landlord that the Premises are untenantable, or
reasonably inaccessible, or Tenant cannot conduct its business as a result
thereof, then the Fixed Rent and additional rent shall be proportionately abated
for each successive day such interruption or cessation continues based upon that
certain portion of the Premises that are affected by such interruption (other
than for
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reasons of casualty or eminent domain where the provisions of Article VII shall
govern). In addition, in the event that any such interruption or cessation shall
continue for more than ninety (90) successive days, after notice thereof from
Tenant to Landlord that the Premises are untenantable, or reasonably
inaccessible, or Tenant cannot conduct its business as a result thereof, then
Tenant shall have the right to cancel this Lease by giving written notice to
Landlord and its mortgagee(s) (of which Tenant has received written notice) of
such cancellation, provided that at least ten (10) days prior written notice to
Landlord and thirty (30) days prior written notice to Landlord's mortgagee has
been given (which such notice may be given prior to or after the expiration of
said ninety (90) day period), unless within such ten (10) day period Landlord
repairs or restores such interruption as herein required, in which event such
notice of cancellation from Tenant shall be rendered null and void and of no
further force or effect. For purposes of this Section, Landlord and Tenant
hereby acknowledge and agree that if the Premises (or portion thereof) is
rendered inaccessible by elevator, but accessible by stairway(s), then the
Premises (or such portion) will not be deemed "reasonably inaccessible" for the
purposes hereof.
Notwithstanding anything to the contrary contained in this Section 5.2, in
no event shall Tenant be entitled to any such abatement or reduction of rent or
to any such right of termination if such interruption resulting in the Premises
being untenantable or unfit for Tenant's business operations therein is due to
an event of default by Tenant as set forth in Section 9.1 hereof or is not due
to any act or omission on the part of Landlord. Except as set forth in this
Section 5.2 or in Article VII, the foregoing rights shall be Tenant's sole
remedy at law or in equity for any interruptions described in this Section 5.2.
ARTICLE VI
TENANT'S COVENANTS
6.1 TENANT'S COVENANTS DURING THE TERM
Tenant covenants during the Term:
6.1.1 Tenant's Payments - To pay when due (a) all Fixed Rent and additional
rent, (b) all taxes which may be imposed on Tenant's personal
property in the Premises (including, without limitation, Tenant's
fixtures and equipment) (c) directly to the utility provider (if not
payable to Landlord), subject however, to Tenant's right to contest
and seek abatement thereof, all charges by public utility for
telephone and other utility services (including service inspections
therefor and the charges as may be imposed pursuant to Exhibit D
hereof including all electric and gas consumed on the Premises)
rendered to the Premises not otherwise required hereunder to be
furnished by Landlord without charge and not consumed in connection
with any services required to be furnished by Landlord without
charge, and (d) as additional rent, all reasonable charges of
Landlord for services rendered pursuant to Section 5.1.1, 5.1.2,
5.1.3, and 5.1.6 hereof, except as set forth in the last paragraph of
Section 5.1.
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6.1.2 Repairs and Yielding Up - Except as otherwise provided in Article VII
and Section 5.1.3, to keep the interior, non-structural and
non-building system elements of the Premises in good order, repair
and condition, reasonable wear and damage or destruction by casualty
or eminent domain excepted, and at the expiration or termination of
this Lease peaceably to yield up the Premises and all changes and
additions therein in such order, repair and condition, first removing
all goods and effects of Tenant and any items, the removal of which
is required by agreement or specified therein to be removed at
Tenant's election and which Tenant elects to remove, Landlord and
Tenant hereby acknowledging and agreeing, however, that the initial
improvements constructed by Landlord pursuant to Article III and
described in Landlord's Plans and Tenant's Plans referenced therein
(including without limitation any cafeteria(s) and laboratories)
shall not be required to be removed by Tenant upon expiration of the
Term, as hereinbefore provided in Section 3.1, and repairing all
damage caused by such removal and leaving them clean and neat; any
property not so removed shall be deemed abandoned and may be removed
and disposed of by Landlord, in such manner as Landlord shall
determine, and Tenant shall pay Landlord the entire reasonable cost
and expense incurred by it by effecting such removal and disposition;
6.1.3 Occupancy and Use - To use and occupy the Premises only for the
Permitted Uses; and not to injure or deface the Premises, Building or
Lot; and not to permit in the Premises any auction sale, nuisance, or
the emission from the Premises of any objectionable noise or odor,
nor to permit any use thereof which is improper, offensive, contrary
to law or ordinances, or liable to invalidate or increase the
premiums for any insurance on the Building or its contents or liable
to render necessary any alteration or addition to the Building,
unless Tenant agrees to pay such increased premiums and/or costs, and
such use (if other than Permitted Uses) is approved by Landlord in
advance;
6.1.4 Rules and Regulations - To comply with the Rules and Regulations set
forth in Exhibit E and all other reasonable Rules and Regulations
hereafter made by Landlord, of which Tenant has been given notice,
for the care and use of the Building, Lot and Common Areas of the
Park (and their facilities and approaches as further described in the
Park Covenants attached hereto as Exhibit I), it being understood
that Landlord shall not be liable to Tenant for the failure of other
tenants of the Building or Park to conform to such Rules and
Regulations; provided that (i) such Rules and Regulations are
enforced in a non-discriminatory fashion, (ii) such Rules and
Regulations do not materially interfere with or otherwise diminish
Tenant's use of the Premises and the Building Parking Area or
Tenant's rights under this Lease, (iii) result in no additional cost
or expense to Tenant, and (iv) do not impose any additional
obligation on Tenant.
6.1.5 Compliance with Laws and Safety Appliances - To keep, from and after
the initial installation thereof by Landlord, subject to the
provisions of Section 10.18 (c), the
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Premises equipped with all safety appliances required by law or
ordinance or any other regulation of any and public authority because
of any particular manner of use made by Tenant and to procure and
comply with all licenses and permits so required because of such use,
it being understood that the foregoing provisions shall not be
construed to broaden in any way Tenant's Permitted Uses. Tenant shall
have the right, upon giving notice to the Landlord, to contest any
obligation imposed upon it pursuant to the provisions of this Section
6.1.5, and provided the enforcement of such requirement or law is
stayed during such contest and such contest will not subject the
Landlord to penalty or jeopardize the title to the Premises or
otherwise affect the Premises in any adverse way. Landlord shall
cooperate with Tenant in such contest and shall execute any documents
reasonably required in the furtherance of such purpose.
Notwithstanding the foregoing or any other provision of this Lease,
however, Tenant shall not be responsible for compliance with any such
laws, regulations, or the like requiring (i) structural repairs or
modifications or (ii) repairs or modifications to the utility or
building service equipment located outside of and not exclusively
serving the Premises or (iii) installation of new building service
equipment, such as fire detection or suppression equipment, unless
such repairs, modifications, or installations shall (a) be due to
Tenant's Construction Work, alterations, or repairs in the Premises
or Tenant's particular manner of use of the Premises (as opposed to
commercial office operations, generally), or (b) be due to the
negligence or willful misconduct of Tenant's or any agent, employee,
or contractor of Tenant.
6.1.6 Assignment and Subletting -Tenant shall have the right, subject to
the requirement of obtaining Landlord's prior written consent, such
consent not to be unreasonably withheld or delayed by Landlord, to
assign this Lease or sublet the whole or any portion of the Premises,
which assignment or sublease shall be only for the Permitted Uses, it
being understood that Tenant shall, as additional rent, reimburse
Landlord promptly for reasonable legal and other expenses incurred by
Landlord in connection with any request by Tenant for consent to
assignment or subletting. No assignment or subletting shall affect
the continuing primary liability of Tenant (which, following
assignment, shall be joint and several with the assignee). Such
consent by Landlord to any of the foregoing in a specific instance
(i) shall be reasonable, subject to the provisions hereinafter
provided, and (ii) shall be subject to the prior written approval of
Landlord's mortgagee(s). Landlord's consent shall not be treated as
having been withheld unreasonably if, in connection with any such
proposed assignment or subletting: (i) the terms of the proposed
assignment or subletting do not prohibit further assignments of the
Lease or subletting of the Premises without the written consent of
Landlord, the granting of which consent shall be subject to the terms
and conditions hereof, and in any event shall not be unreasonably
withheld or delayed; and/or (ii) in connection with an assignment of
this Lease, the assignee does not agree directly with Landlord, by
written instrument in form reasonably satisfactory to Landlord, to be
bound by all the obligations of Tenant hereunder including, without
limitation, the covenant against further assignment and subletting
without the
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written consent of Landlord; and/or (iii) the proposed assignment or
subletting violates any exclusive use restrictions or exclusions of
the Building or Park as set forth in Exhibit Q. Tenant hereby
acknowledges and agrees that the foregoing is not intended to be an
exclusive list of the reasons for which Landlord may reasonably
withhold consent to a proposed request by Tenant for consent to
assignment or subletting. No consent to any of the foregoing in a
specific instance shall operate as waiver in any subsequent instance.
If an assignment or subletting is proposed to be made and Landlord's
consent is required as hereinabove provided, Tenant shall give
Landlord prior notice of such proposal, which such notice shall
include such information as Landlord may reasonably request relative
to facts which would bear upon the factors entering into the
determination whether Landlord's approval is to be granted, and it is
understood that Landlord shall use diligent efforts within a period of
thirty (30) days after the submission of such information by Tenant to
make its determination whether Landlord's approval is to be granted
hereunder. If Tenant requests Landlord's consent to assign this Lease
or sublet more than sixty percent (60%) of the Premises, Landlord
shall have the option, exercisable by written notice to Tenant given
within thirty (30) days after receipt of such request, to recapture
the portion of the Premises proposed to be assigned or sublet as of a
date specified in such notice which shall be not less than forty-five
(45), or more than sixty (60) days after the date of such notice, in
such event the recaptured area of the Premises shall be removed from
the Premises and Tenant shall have no further liabilities or
obligations with respect thereto, including obligations to pay Fixed
Rent, additional rent or other charges with respect thereto; and any
rental received by Tenant from sub-tenant must be remitted to
Landlord; provided, however, upon Tenant's receipt of any such written
notice from Landlord exercising its right of recapture hereunder,
Tenant shall have the option, exercisable by written notice to
Landlord given within ten (10) days after receipt of such Landlord's
notice, to withdraw its request to assign or sublet all or a portion
of the Premises, whereupon Landlord's notice to Tenant exercising its
right of recapture hereunder shall become null and void and of no
force or effect as to Tenant's particular request for Landlord's
consent hereunder.
Notwithstanding any provision contained in this Lease, no consent of
Landlord shall be required for the assignment of this Lease or the
subletting of any portion (or the whole) of the Premises for the
Permitted Uses, (i) to a subsidiary of Tenant, (ii) to a corporation
or other entity into or with which Tenant has merged or consolidated
or to which substantially all of Tenant's stock or assets are
transferred, (iii) to any corporation or other entity which controls,
is controlled by, or is under common control with Tenant, or (iv) to
any corporation or other entity with which Tenant is otherwise
affiliated (collectively, the "Permitted Transferees"); provided that,
in any of such events, Tenant shall remain directly and primarily
liable and any such sublessee or assignee agrees directly with
Landlord by written instrument reasonably satisfactory to Landlord and
such
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assignee or sublessee to be bound by all of the obligations of Tenant.
In the event of any such assignment or subletting for which no consent
by Landlord is required hereunder, Tenant shall not be obligated to
share Rent Differential as hereinafter set forth, nor shall the
recapture rights of Landlord set forth in the preceding paragraph be
applicable.
If this Lease shall be assigned, or if the Premises or any part hereof
shall be sublet or occupied by any person other than Tenant, Landlord
may, at any time and from time to time, collect rent from the
assignee, subtenant or occupant and apply the net amount collected to
the annual Fixed Rent, additional rent and all other charges herein
reserved, but no such assignment, subletting, occupancy or collection
shall be deemed a waiver of the provisions of this Section 6.1.6, or
acceptance of the assignee, subtenant or occupant as tenant, or a
release of Tenant from the further performance of the terms, covenants
and conditions of this Lease on the part of Tenant to be performed.
Further, no liability hereunder of Tenant shall be discharged,
reduced, released or impaired in any respect by any waiver, indulgence
or extension of time which Landlord may grant to the then owner of
Tenant's interest in this Lease, whether or not notice thereof has
been given or consent from Tenant has been obtained.
Landlord shall have the option to require that any portion of rental
received by Tenant from subtenant or assignee to which Landlord is
entitled pursuant to this Section 6.1.6 be remitted directly to
Landlord, provided that such amounts are credited pro tanto against
Tenant's rental obligations.
If Landlord approves a sublease or assignment, and said sublease or
assignment is for a total rental amount which on an annualized basis
is greater than the Fixed Rent and additional rent due from Tenant to
Landlord under this Lease, Tenant shall pay to Landlord, forthwith
upon Tenant's receipt of each installment of such excess rent, during
the term of any approved sublease or assignment, as additional rent
hereunder, in addition to the Fixed Rent and other payments due under
this Lease, an amount equal to fifty percent (50%) of the positive
excess between all fixed rent and additional rent received by Tenant
under the sublease or assignment and the Fixed Rent and the additional
rent due hereunder after Tenant has recouped its reasonable
out-of-pocket expenses with respect to such sublease or assignment,
including without limitation, reasonable real estate brokerage
commissions, reasonable legal fees, reasonable free rent, reasonable
marketing costs and the reasonable costs of refurbishment of the
Premises for such sublease or assignment (the "Rent Differential"). In
the event the sublease is for less than the full Premises hereunder,
the above rent adjustment shall be equitably pro rated on a square
foot basis. Anything contained in the foregoing provisions of this
section to the contrary notwithstanding, neither Tenant nor any other
person having interest in the possession, use, occupancy or
utilization of the Premises shall enter into any lease, sublease,
license, concession or other agreement for use, occupancy or
utilization of space in the Premises which provides for rental or
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other payment for such use, occupancy or utilization based, in whole
or primarily on the net income or profits derived by any person from
the Premises leased, used, occupied or utilized (other than an
amount based on a fixed percentage or percentages of receipts or
sales), and any such purported lease, sublease, license, concession
or other agreement shall be absolutely void and ineffective as a
conveyance of any right or interest in the possession use, occupancy
or utilization of any part of the Premises;
6.1.7 Indemnity - To defend, with counsel reasonably acceptable to
Landlord, save harmless, and indemnify Landlord from any liability
for injury, loss, accident or damage to any person or property
occurring on the Premises, in the Building, or elsewhere in the
Park, and from any claims, actions, proceedings and expenses and
costs in connection therewith or elsewhere in the Park (including,
without implied limitation, reasonable counsel fees): (i) arising
from the negligent acts or gross misconduct of Tenant or any of
Tenant's employees, agents, contractors, licensees or invitees and
not caused directly by the negligent acts or gross misconduct of
Landlord, or (ii) resulting from the failure of Tenant to perform
and discharge its covenants and obligations under this Lease. In no
event shall Tenant be obligated to indemnify Landlord for any
willful or negligent act or omission of Landlord or any of
Landlord's employees, agents, contractors or licensees. The
covenants and indemnifications set forth in this Section 6.1.7 shall
survive the expiration or earlier termination of this Lease;
6.1.8 Tenant's Liability Insurance - To maintain public liability
insurance in the Premises in amounts which shall, at the beginning
of the Term, be at least equal to the limits set forth in Section
1.1 and from time to time during the Term, shall be for such higher
limits, if any, as are customarily carried in the area in which the
Premises are located on property similar to the Premises and used
for similar purposes and, upon written request therefor, to furnish
Landlord (and/or its mortgagees) with certificates thereof;
6.1.9 Tenant's Workmen's Compensation Insurance - To keep all Tenant's
employees working in the Premises covered by workmen's compensation
insurance in statutory amounts and to furnish Landlord with
certificates thereof;
6.1.10 Landlord's Right of Entry - Upon not less than twenty-four (24)
hours advance notice (except in the event of emergencies), at times
reasonably acceptable to Landlord and Tenant, to permit Landlord and
Landlord's agents entry; to examine the Premises at reasonable times
and, if Landlord shall so elect, to make repairs or replacements; to
remove, at Tenant's expense, any changes, additions, signs,
curtains, blinds, shades, awnings, aerials, flagpoles, or other
improvements visible outside the Building not consented to in
writing by Landlord (Landlord hereby acknowledging that the initial
improvements constructed by Landlord pursuant to Article III shall
be permitted and may remain upon expiration of the Term as
hereinbefore provided in Sections 3.1 and 6.1.2); and to show the
Premises to
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prospective tenants during the twelve (12) months preceding
expiration of the Term and to prospective purchasers and mortgagees
at all reasonable times;
6.1.11 Loading - Not to place a load upon the Premises exceeding an average
rate of one hundred (100) pounds of live load per square foot of
floor area; and not to move any safe, vault or other heavy equipment
in, about or out of the Premises except in such a manner and at such
times as Landlord shall in each instance approve; Tenant's business
machines and mechanical equipment which cause vibration or noise
that may be transmitted to the Building structure shall be placed
and maintained by Tenant in settings of cork, rubber, spring, or
other types of vibration eliminators sufficient to eliminate such
vibration or noise;
6.1.12 Landlord's Costs - In case Landlord shall, without any fault on its
part, be made party to any litigation commenced by or against Tenant
or by any party claiming under Tenant, to pay, as additional rent,
all actual third party reasonable costs including, without implied
limitation, reasonable counsel fees incurred by or imposed upon
Landlord in connection with such litigation, and, as additional
rent, also to pay all such reasonable costs and fees incurred by
Landlord in connection with the successful enforcement by Landlord
of any obligations of Tenant under this Lease;
6.1.13 Tenant's Property - All the furnishings, fixtures, equipment,
effects and property of every kind, nature and description of Tenant
and of all persons claiming by, through or under Tenant which,
during the continuance of this Lease or any occupancy of the
Premises by Tenant or anyone claiming under Tenant, may be on the
Premises or on the Lot shall be at the sole risk and hazard of
Tenant, except for Landlord's gross negligence or willful act or
omission, and if the whole or any part thereof shall be destroyed or
damaged by fire, water or otherwise, or by the leakage or bursting
of water pipes, steam pipes, or other pipes, by theft, or from any
other cause, no part of said loss or damage is to be charged to or
to be borne by Landlord, except if caused directly by Landlord's
gross negligence or willful misconduct;
6.1.14 Labor or Materialmen's Liens - To pay promptly when due the entire
cost of any work done on the Premises by Tenant, its agents,
employees, or independent contractors; not to cause or permit any
liens for labor or material performed or furnished in connection
therewith to attach to the Premises; and within ten (10) days after
Tenant's receipt of notice thereof, to discharge or bond over any
such liens which may so attach;
6.1.15 Changes or Additions - Not to make any material changes or additions
to the Premises without Landlord's prior written consent, which such
consent shall not be unreasonably withheld or delayed.
Notwithstanding the foregoing, Tenant may, from time to time, at its
own cost and expense and without the consent of Landlord, make
non-structural alterations, additions or improvements to the
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Premises, so long as they do not affect any of the mechanical,
electrical or plumbing systems of the Building (collectively herein
called "Alterations") whose cost in any one instance is Twenty-Five
Thousand Dollars ($25,000.00) or less, provided that Tenant first
notifies Landlord in writing of any such Alterations. If Tenant
desires to make any Alterations costing in excess of Twenty-Five
Thousand Dollars ($25,000.00) in any one instance or any other
alteration, including any structural alteration or alteration
affecting any of the mechanical, electrical or plumbing systems of the
Building, Tenant must first obtain the consent of Landlord thereto,
which consent shall not be unreasonably withheld or delayed. If
Landlord reasonably concludes that the Alterations involve any
construction, alterations or additions requiring unusual expense to
readapt the Premises to normal office use on the Term Expiration Date,
Landlord shall notify Tenant in writing at the time of approval that
such readaptation will be required to be made by Tenant prior to such
Term Expiration Date without expense to Landlord.
Any and all such alterations, including, Alterations may be done by
any contractor chosen by Tenant provided any such contractor is
reputable, bondable by reputable bonding companies, carries the kind
of insurance and in the amounts set forth herein, and will work in
harmony with Landlord's contractors and laborers in the Building;
Tenant in making any alterations, including Alterations, shall cause
all work to be done in a good and workmanlike manner using materials
substantially equal to or better than those used in the construction
of the Premises or original Tenant's Work and shall comply with or
cause compliance with all laws and with any direction given by any
public officer pursuant to law. Tenant shall obtain or cause to be
obtained and maintain in effect, as necessary, all building permits,
licenses, temporary and permanent certificates of occupancy and other
governmental approvals which may be required in connection with the
making of the alterations, including the Alterations. Landlord shall
cooperate with Tenant in the obtaining thereof and shall execute any
documents reasonably required in furtherance of such purpose, provided
any such cooperation shall be without expense and/or liability to
Landlord.
At least annually if such Alterations or any other alterations
hereunder have occurred during the past calendar year, Tenant shall
furnish to Landlord as-built sepias and, if applicable, operating
manuals, or, at Landlord's option and only if Tenant's computer system
is compatible with that of Landlord's, computer disk specifications
compatible with Landlord's computer system of the work done by Tenant
during such past year and copies of all permits issued in connection
therewith.
Tenant shall have its contractor procure and maintain in effect during
the term of such alterations, including Alterations, satisfactory
insurance coverages with an
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insurance company or companies authorized to do business in the
Commonwealth of Massachusetts, and shall, upon Landlord's request,
furnish Landlord with certificates thereof;
6.1.16 Holdover - To pay to Landlord two hundred percent (200%) the total
of the Fixed and additional rent then applicable for each month or
portion thereof Tenant shall retain possession of the Premises or
any part thereof after the termination of this Lease, whether by
lapse of time or otherwise and, also to pay all damages sustained by
Landlord on account thereof; provided, however (i) Tenant shall be
responsible to pay to Landlord only one hundred fifty percent
(150%), and not two hundred percent (200%) as aforesaid, of the
total Fixed Rent and additional rent then applicable for the first
thirty (30) days Tenant retains possession of the Premises or any
part thereof after termination of this Lease, and (ii) during such
initial thirty (30) day period only, Landlord hereby acknowledges
and agrees that no consequential damages shall be due from Tenant
hereunder. The provisions of this subsection shall not operate as a
waiver by Landlord of any right of re-entry provided in this Lease;
6.1.17 Hazardous Materials - Tenant shall not (either with or without
negligence) cause or permit the escape, disposal or release of any
biologically or chemically active or other hazardous substances or
materials onto the Premises or the Lot, except in accordance with
the requirements of applicable laws and regulations. Tenant shall
not allow the storage or use of such substances or materials in any
manner not permitted by law, nor allow to be brought into the
Premises any such materials or substances except to use in the
ordinary course of Tenant's business. Upon Landlord's written
request, Tenant shall furnish to Landlord an inventory of the
identity of such substances or materials used in the ordinary course
of Tenant's business. Without limitation, hazardous substances and
materials shall include those described in the Comprehensive
Environmental Response, Compensation and Liability Act of 1980, as
amended, 42 U.S.C. Section 9601 et seq., the Resource Conservation
and Recovery Act, as amended, 42 U.S.C. Section 6901 et seq., the
Massachusetts Hazardous Waste Management Act, as amended, M.G.L.
c.21C, the Massachusetts Oil and Hazardous Material Release
Prevention and Response Act, as amended, M.G.L. c.21E, any
applicable local ordinance or bylaw, and the regulations adopted
under these acts, as amended (collectively, the "Hazardous Waste
Laws"). If any lender or governmental agency shall ever require
testing to ascertain whether or not there has been any release of
hazardous substances or materials, then the reasonable costs thereof
shall be reimbursed by Tenant to Landlord upon demand as additional
charges if and only if the following conditions are satisfied; (i)
if such requirement applies to the Premises and (ii) if an
independent, reputable third party engineer employed by Landlord or
persons acting under Landlord conclusively determines that such
release had been or is likely to have been solely and exclusively
caused by Tenant or persons acting under Tenant. If Tenant receives
from any federal, state or local governmental agency any notice of
violation or alleged violation of any Hazardous Waste Law,
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or if Tenant is obligated to give any notice under any Hazardous
Waste Law, Tenant agrees to forward to Landlord a copy of any such
notice within three (3) days of Tenant's receipt or transmittal
thereof. In addition, Tenant shall execute affidavits,
representations and the like from time to time at Landlord's request
concerning Tenant's best knowledge of belief regarding the presence
of hazardous substances or materials on the Premises. In all events,
Tenant shall indemnify Landlord in the manner provided in Section
6.1.7 of this Lease from any release of hazardous substances or
materials on the Premises or elsewhere in the Park to the extent
caused by Tenant or persons acting under Tenant. Landlord retains
the right to inspect the Premises at all reasonable times, upon
reasonable notice to Tenant, to ensure compliance with this
paragraph. The within covenants shall survive the expiration or
earlier termination of the Lease Term;
6.1.18 Signs - Tenant shall not, without prior written consent of Landlord
(which such consent shall not be unreasonably withheld or denied but
may be withheld in Landlord's sole discretion if Tenant is not then
leasing (including subleasing) one hundred percent (100%) of the
initial Building, expressly excluding any expansion hereunder), (a)
place any exterior signs visible outside the Building, on the Lot or
the Premises or anywhere on the exterior of the Building, or (b)
place any curtains, blinds (other than standard vertical blinds),
shades, awnings, or flagpoles, or the like, in the Premises or
anywhere on or in the Building visible from outside the Premises,
except as otherwise expressly set forth below in this Section 6.1.18
or elsewhere in this Lease. Tenant shall pay the expenses involved
in the erection of any sign and of obtaining all necessary permits
and approvals therefor. Except as otherwise provided below with
respect to the initial Building signage, Tenant warrants that it
shall obtain (and furnish copies thereof to Landlord) all necessary
permits and approvals in compliance with local codes and ordinances
prior to erecting any such sign(s). Tenant shall remove any of such
sign(s) erected by Tenant or on behalf of Tenant upon the
termination of this Lease.
In connection with Tenant's initial Building signage, Landlord shall
use reasonable efforts to obtain, on Tenant's behalf, all necessary
permits and approvals required pursuant to local codes and
ordinances for the building and site signage (i.e., two exterior
signs on the Building and a monument sign consistent with the other
signs in the Park). Tenant's signage on the Building shall be
exclusive until such time as Tenant fails to lease (including
subleasing) at least one hundred percent (100%) of the Building.
Tenant shall reimburse Landlord for the actual third-party
reasonable costs and expenses incurred by Landlord in connection
with obtaining said permits and approvals, including reasonable
attorneys fees and disbursements. Tenant agrees to cooperate with
Landlord during the permitting process by (i) promptly executing the
necessary documentation reasonably requested by Landlord, and (ii)
by furnishing the same to Landlord promptly upon Landlord's request,
but in no event later than seven (7) days following Landlord's
request. Further, the construction and erection of any
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such signage shall be Tenant's sole responsibility and at Tenant's
sole cost and expense;
6.1.19 Tenant's Authority - Tenant has the power and authority to enter
into this Lease and perform the obligations of Tenant hereunder.
This Lease and all other documents executed and delivered by Tenant
in connection herewith constitute legal, valid, binding and
enforceable obligations of Tenant; and
6.1.20 Confidentiality - This Lease document is a confidential document by
and between Landlord and Tenant and Tenant agrees that this Lease
shall not be copied and distributed or circulated to any person(s)
other than to such parties, and their respective mortgagees,
successors or assigns, their legal counsel or their accountants or
to any prospective sublessees and assignees or affiliates of Tenant,
or to any prospective acquirers, investors, or lenders of Tenant, or
to regulatory authorities, or to the directors, shareholders or
officers of Tenant, or as required by law, without the prior written
consent of Landlord. Nothing contained in this Section shall
prohibit the disclosure by Tenant of the essential terms of this
Lease.
ARTICLE VII
CASUALTY AND TAKING
7.1 CASUALTY AND TAKING
In case during the Term all or any substantial part of the Premises, and/or
the Building Parking Area, or any part thereof, or both (i.e. in the case of a
fire or casualty, requiring greater than twelve (12) months to rebuild in
Landlord's reasonable judgment; or in the case of a condemnation or a taking,
more than thirty-five percent (35%) of the floor area of the Premises or any
material part of the means of access thereto or more than twenty-five percent
(25%) of Building Parking Area) are damaged by fire or any other casualty or by
action of public or other authority in consequence thereof or are taken by
eminent domain Landlord shall give prompt notice, (i.e. within thirty (30) days
thereof) to Tenant (the "Landlord's Notice") and this Lease shall terminate at
Tenant's election, which may be made by notice given to Landlord within thirty
(30) days after the date of Landlord's Notice, which termination shall be
effective (i) in the event of a casualty, not less than thirty (30) nor more
than sixty (60) days after the date of notice of such termination, and (ii) in
the event of eminent domain event, as of the date on which such taking becomes
effective and Tenant is deprived of the use and enjoyment of the Premises, or
part thereof, and/or the Building Parking Area, or part thereof. If in any such
case the Lease is not so terminated, Landlord shall proceed promptly and use due
diligence to put the Premises, or part thereof, and/or the Building Parking
Area, or part thereof, or in case of taking, what may remain thereof (excluding
any items installed by Tenant which Tenant may be permitted to remove upon the
expiration of the Term) into as near as possible to the condition and character
thereof prior to such damage or taking, and in any event shall apply all
insurance proceeds or eminent domain awards received by it toward such work, for
use and occupation to the extent permitted by the net award of insurance plus
any deductibles and such amounts as Tenant may
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elect to make available for such work as hereinafter provided, or the amount of
the eminent domain award, and an equitable proportion of the Fixed Rent and
additional rent according to the nature and extent of the injury shall be abated
until the Premises or such remainder and the Building Parking Area shall have
been put by Landlord in such condition; and in case of a taking which
permanently reduces the area of the Premises, an equitable proportion of the
Fixed Rent and additional rent shall be abated for the remainder of the Term and
an appropriate adjustment shall be made to the Annual Estimated Operating Costs
and other additional rent payable hereunder.
However, in the case of a casualty, if such damage is not repaired and the
Premises, or portion thereof, and/or Building Parking Area or part thereof,
restored to the same condition as they were prior to such damage within twelve
(12) months from the date of Landlord's Notice, then Tenant, within thirty (30)
days from the expiration of such twelve (12) month period or from the expiration
of any extension thereof by reason of any Tenant's Delay (as defined in Section
3.2 hereof) and/or Force Majeure (as defined in Section 3.5 hereof and subject
to the provisions set forth below) as hereinafter provided, may terminate this
Lease by notice to Landlord and Landlord's mortgagee(s), given in accordance
with Section 10.3 hereof, specifying a date not more than thirty (30) days after
the giving of such notice on which the Term of this Lease shall terminate.
Notwithstanding such termination notice by Tenant, in the event that Landlord
repairs such damage and restores the Premises to the same condition prior to
such casualty during such period, not to exceed thirty (30) days, as specified
in Tenant's notice, then such notice of termination given by Tenant to Landlord
hereunder shall be null and void and of no further force or effect. The period
within which the required repairs may be accomplished hereunder shall be
extended by (a) the number of days lost as a result of a Tenant's Delay, as
defined in and subject to the provisions of Section 3.2, with such term,
however, relating to restoration or repair as referenced herein and not to the
initial construction of the Building, and (b) the number of days lost as a
result of Force Majeure, as defined in Section 3.5 (up to a maximum of
forty-five (45) days in the aggregate as aforesaid).
If less than a substantial part of the Premises or Lot, or portion thereof,
and/or the Building Parking Area, or portion thereof (i.e. in the case of a fire
or casualty, requiring less than twelve (12) months to rebuild in Landlord's
reasonable judgment; or in the case of a condemnation or taking thirty-five
percent (35%) or less of the floor area of the Premises or any part of the means
of access thereto or twenty-five percent (25%) or less of the Building Parking
Area) are damaged by fire or any other casualty or are taken by eminent domain,
then Landlord shall give prompt notice (i.e. within thirty (30) days) thereof to
Tenant, which notice shall specify Landlord's estimation of the time period
within which such repairs shall be completed, and thereafter Landlord shall
proceed promptly and with due diligence to the extent permitted by the net award
of insurance plus any deductible amounts and such amount as Tenant may elect to
make available for such work as hereinafter provided, or the amount of the
eminent domain award. In the event that Landlord fails to repair such damage and
restore the Premises to substantially the same condition prior to such fire and
other casualty within the time period as reasonably estimated by Landlord, but
in no event greater than such twelve (12) month period from the date of such
Landlord's notice to Tenant, or any extension thereof permitted for delays lost
due to any Tenant's Delay and/or Force Majeure (as hereinbefore provided), then
Tenant
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may terminate this Lease by written notice to Landlord and to Landlord's
mortgagee(s), as provided in Section 10.3 hereof, specifying a date not more
than thirty (30) days after the giving of such notice on which the Term of this
Lease shall terminate. Notwithstanding such termination notice by Tenant, in the
event that Landlord repairs such damage and restores the Premises to
substantially the same condition prior to such fire or other casualty during
such period, not to exceed thirty (30) days, as specified in Tenant's notice,
then such notice of termination given by Tenant to Landlord hereunder shall be
null and void and of no further force and effect. If less than a substantial
part of the Premises and/or the Building Parking Area shall be so damaged, then
Fixed Rent and additional rent due hereunder shall be equitably abated until the
Premises and/or the Building Parking Area are so restored as set forth
hereunder.
Landlord's architect's certificate, given in good faith, shall be deemed
conclusive statements therein contained and binding upon Tenant with respect to
the performance and completion of any repair or restoration work undertaken by
Landlord pursuant to this Section, except in the event of disagreement between
Landlord and Tenant relating to this Section, in which event the dispute
resolution provisions of Section 3.6 shall apply.
Notwithstanding any language to the contrary, Landlord may construct
"Replacement Parking" pursuant to the following: If not more than thirty-five
percent (35%) of the Building Parking Area shall be so damaged, taken,
appropriated, or condemned as aforesaid, then Landlord or Tenant may elect to
provide Replacement Parking and render Tenant's notice of termination nugatory
(if applicable) by, within thirty (30) days following the effective date of such
destruction, taking, appropriation or condemnation, giving to Tenant notice in
writing that Landlord will, at Landlord's expense, construct replacement parking
spaces of the same quantity and quality and convenience as the parking spaces so
taken, appropriated or condemned (i.e., Landlord using best efforts to locate
the replacement parking spaces as close to the Building as possible). Any of
such Replacement Parking shall be constructed by Landlord within a reasonable
time period following the effective date of such destruction, taking,
appropriation or condemnation, but in no event later than thirty (30) days after
the occurrence of such destruction, taking, appropriation or condemnation, it
being agreed by Landlord and Tenant that such time period shall be extended to
include weather-related delays as aforesaid, in which event such Replacement
Parking will be completed as reasonably possible thereafter, Landlord agreeing
to proceed promptly and with due diligence to complete construction of any
Replacement Parking. Landlord and Tenant acknowledge that if Landlord is
prevented from performing the final paving for said Replacement Parking on
account of weather, such final paving may be performed as soon thereafter as is
feasible. Such notice shall be accompanied by (A) a site plan showing (i) the
location of the Replacement Parking spaces, and (B) an opinion from counsel for
Landlord that such Replacement Parking may be constructed as-of-right under then
applicable zoning and land use regulations.
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In the event of any other taking of the Premises, or any part thereof, for
temporary use or for less than one (1) year, (i) this Lease shall be and remain
unaffected thereby; and (ii) Landlord shall pay to Tenant its pro rata share of
any such use, provided that if any taking is for a period extending beyond the
Term of this Lease, such award shall be appointed between Landlord and Tenant as
of the Term Expiration Date.
Tenant has the option but not the obligation, in any fire or other casualty
which creates a Landlord repair obligation in accordance with the terms of this
Section to make available for such reconstruction all or a portion of the amount
by which the cost of repair as certified by Landlord's architect exceeds the
amount of proceeds received by Landlord.
7.2 RESERVATION OF AWARD
Landlord reserves to itself any and all rights to receive awards made for
damages to the Premises or Lot and the leasehold hereby created, or any one or
more of them, accruing by reason of exercise of eminent domain or by reason of
anything lawfully done in pursuance of public or other authority. Tenant hereby
releases and assigns to Landlord all Tenant's rights to such awards, and
covenants to deliver such further assignments and assurances thereof as Landlord
may from time to time request. It is agreed and understood, however, that
Landlord does not reserve to itself, and Tenant does not assign to Landlord, any
damages payable for (i) movable trade fixtures installed by Tenant or anybody
claiming under Tenant, at its own expense, or (ii) relocation expenses
recoverable by Tenant from such authority in a separate action, or (iii) the
value of Tenant's improvements installed in the Premises by or on behalf of
Tenant, but not by Landlord.
7.3 ADDITIONAL CASUALTY PROVISIONS
(a) Landlord shall not be required to repair or replace any of Tenant's
business machinery, equipment, cabinet work, furniture, personal property or
other installations not originally installed by Landlord.
(b) In the event of any termination of this Lease pursuant to this Article
VII, the Term of this Lease shall expire as of the effective termination date as
fully and completely as if such date were the date herein originally scheduled
as the Term Expiration Date, and Landlord shall assist Tenant to the extent
necessary to secure Tenant's share of any insurance award relative to the
Tenant's Work hereunder. Tenant shall have access to the Premises at Tenant's
sole risk for a period of thirty (30) days after the date of termination in
order to remove Tenant's personal property except as prohibited by any
applicable governmental agency or official.
(c) Notwithstanding any language to the contrary contained in this Article
VII, if all or any substantial part of the Premises and/or the Building Parking
Areas or any part thereof (as hereinabove defined), shall be damaged by fire or
other casualty or taken by eminent domain during the last two (2) years of the
Term of this Lease or the last two (2) years of either of the Extended Terms, as
the case may be, then either Landlord or Tenant may terminate this Lease
effective as of the date of such fire or other casualty or taking upon notice to
the other as
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aforesaid, except that Tenant may render Landlord's notice of termination
nugatory by exercising early its option to extend the initial Term, or the
applicable Extended Term, as the case may be, of this Lease for five (5)
additional years in accordance with Exhibit F. In the event of such early
exercise, Landlord and Tenant agree to determine the Fixed Rent for the
applicable Extended Term at least nine (9) months prior to the commencement date
of the applicable Extended Term in accordance with and in the manner set forth
in said Exhibit F.
ARTICLE VIII
RIGHTS OF MORTGAGEE
8.1 PRIORITY OF LEASE
Landlord shall have the option to subordinate this Lease to any mortgagee
or deed of trust of the Lot or Premises, or both ("the mortgaged premises"),
provided that the holder thereof enters into a Subordination, Non-Disturbance
and Attornment Agreement substantially in the form attached hereto as Exhibit J
(or such other form mutually agreeable to Landlord, Tenant and Landlord's
mortgagee, each party agreeing to reasonably cooperate with each other in
reaching mutual agreement on the content of any such other form, so long as such
other form does not substantially reduce or alter Tenant's rights or obligations
thereunder).
8.2 LIMITATION ON MORTGAGEE'S LIABILITY
Upon entry and taking possession of the mortgaged premises for any purpose
other than foreclosure, the holder of a mortgage shall have all rights of
Landlord, and during the period of such possession, the duty to perform all
Landlord's obligations hereunder. Except during such period of possession, no
such holder shall be liable, either as mortgagee or as holder of a collateral
assignment of this Lease, to perform, or be liable in damages for failure to
perform any of the obligations of Landlord unless and until such holder shall
enter and take possession of the mortgaged premises for the purpose of
foreclosing a mortgage. Upon entry for the purpose of foreclosing a mortgage,
such holder shall be liable to perform all of the obligations of Landlord,
subject to the provisions of Section 8.3 provided that a discontinuance of any
foreclosure proceeding shall be deemed a conveyance under the provisions of
Section 10.4 to the owner of the equity of the mortgaged premises. From and
after making entry and taking possession of the Premises, any such mortgagee
shall be fully and completely liable for the obligations hereunder.
8.3 MORTGAGEE'S ELECTION
Intentionally Deleted.
8.4 NO PREPAYMENT OR MODIFICATION, ETC.
No Fixed Rent, additional rent, or any other charge shall be paid more than
thirty (30) days prior to the due dates thereof, and payments made in violation
of this provision shall (except to the extent that such payments are actually
received by a mortgagee in possession or in the process of foreclosing its
mortgage) be a nullity as against such mortgagee. No assignment of
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this Lease (excepting only in accordance with the provisions of this Lease) and
no agreement to make or accept any surrender, termination or cancellation of
this Lease (excepting only in accordance with the provisions of this Lease) and
no agreement to modify so as to reduce the rent, change the Term, or otherwise
materially change the rights of Landlord under this Lease, or to relieve Tenant
of any obligations or liability under this Lease, shall be valid unless
consented to in writing by Landlord's mortgagees of which Tenant has received
notice.
8.5 NO RELEASE OR TERMINATION
No act or failure to act on the part of Landlord which would entitle Tenant
under the terms of this Lease, or by law, to be relieved of Tenant's obligations
hereunder or to terminate this Lease, shall result in a release or termination
of such obligations or a termination of this Lease unless (i) Tenant shall have
first given thirty (30) days prior written notice of Landlord's act or failure
to act to Landlord's mortgagees of which Landlord has provided written notice to
Tenant, if any, specifying the act or failure to act on the part of Landlord
which could or would give basis to Tenant's rights, and (ii) such mortgagees,
after receipt of such notice, have failed or refused to correct or cure the
condition complained of within a reasonable time thereafter, but nothing
contained in this Section 8.5 shall be deemed to impose any obligation on any
such mortgagee to correct or cure any such condition. "Reasonable time" as used
above means and includes a reasonable time to obtain possession of the mortgaged
premises, if the mortgagee elects to do so, and a reasonable time to correct or
cure the condition if such condition is determined to exist, however, in no
event shall such time extend beyond sixty (60) days from the date Tenant
provides notice to Landlord's mortgagee(s) as aforesaid.
8.6 CONTINUING OFFER
The covenants and agreements contained in this Lease with respect to the
rights, powers and benefits of a mortgagee (particularly, without limitation
thereby, the covenants and agreements contained in this Article VIII) constitute
a continuing offer to any person, corporation or other entity, which by
accepting or requiring an assignment of this Lease or by entry or foreclosure
assumes the obligations herein set forth with respect to such mortgagee, and
such mortgagee shall be entitled to enforce such provisions in its own name.
Tenant agrees on request of Landlord to execute and deliver from time to time
any agreement which may reasonably be deemed necessary to implement the
provisions of this Article VIII.
8.7 SUBMITTAL OF FINANCIAL STATEMENT
At any time, but not more than annually during the Term of this Lease, and
only to the extent Tenant becomes a publicly traded company, within fifteen (15)
days after request therefor by Landlord (i.e. if requested by Landlord'
mortgagee(s)), Tenant shall supply to Landlord and/or any mortgagee of Landlord
a current financial statement, which such financial statement may be given by
Tenant to Landlord in the form of Tenant's current annual report, or such other
financial information as may be reasonably required by any such party. Landlord
agrees to use diligent efforts to keep such information confidential and to
request Landlord's mortgagee to keep such information confidential.
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ARTICLE IX
DEFAULT
9.1 EVENTS OF DEFAULT BY TENANT
It shall be an Event of Default under this Lease, if (i) Tenant fails to
pay Fixed Rent or additional rent for more than ten (10) days, after notice
thereof specifying such failure and that such failure may be an Event of Default
hereunder; (ii) Tenant fails to perform its other non-monetary obligations
hereunder for more than thirty (30) days after notice thereof from Landlord,
together with such additional time, if any, as is reasonably required to cure
the default if the default is of such a nature that it cannot reasonably be
cured in thirty (30) days; or (iii) if Tenant makes any assignment for the
benefit of creditors, or files a petition under any bankruptcy or insolvency
law; or (iv) if such a petition is filed against Tenant and is not dismissed
within sixty (60) days; or (v) if a receiver becomes entitled to Tenant's
leasehold hereunder and it is not returned to Tenant within ninety (90) days; or
(vi) such leasehold is taken on execution or other process of law in any action
against Tenant; then, and in any such cases, Landlord and the agents and
servants of Landlord may, in addition to and not in derogation of any remedies
for any preceding breach of covenant, immediately or at any time thereafter
while such default continues and without further notice, enter into and upon the
Premises or any part thereof in the name of the whole or mail a notice of
termination addressed to Tenant at the Premises and repossess the same as of
Landlord's former estate and expel Tenant and those claiming through or under
Tenant and remove its and their effects without being deemed guilty of any
manner of trespass and without prejudice to any remedies which might otherwise
be used for arrears of rent or prior breach of covenant, and upon such entry or
mailing as aforesaid, this Lease shall terminate, but Tenant shall remain liable
as hereinafter provided. After the occurrence of an Event of Default as
aforesaid, Tenant hereby waives all statutory rights of redemption, if any to
the extent such rights may be lawfully waived, and Landlord, without notice to
Tenant, may store Tenant's effects and those of any person claiming through or
under Tenant at the expense and risk of Tenant and, if Landlord so elects, may
sell such effects at public auction or private sale and apply the net proceeds
to the payment of all sums due to Landlord from Tenant, if any, and pay over the
balance, if any, to Tenant.
9.2 TENANT'S OBLIGATIONS AFTER TERMINATION
In the event that this Lease is terminated under any of the provisions
contained in Section 9.1, Tenant covenants to pay forthwith to Landlord, as
compensation, a single lump-sum payment equal to the excess of the net present
value of the total rent reserved for the residue of the Term (exclusive of any
unexercised Extended Term(s) remaining at the time of termination) over the fair
market rental value of the Premises (including additional rent) for said residue
of the Term estimated as of the date of termination. If Landlord does not
receive a single lump-sum payment from Tenant as aforesaid, Tenant covenants and
agrees to pay punctually to Landlord all the sums and perform all the
obligations which Tenant covenants in this Lease to pay and to perform in the
same manner and to the same extent and at the same time as if this Lease had not
been terminated. In calculating the amounts to be paid by Tenant under the
foregoing covenants,
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Tenant shall be credited with any amount paid to Landlord as compensation as
provided in the first sentence of this Section 9.2 and also with the net
proceeds of any rents obtained by Landlord by reletting the Premises, after
deducting all Landlord's expenses in connection with such reletting, including,
without implied limitation, all repossession costs, brokerage commissions,
reasonable fees for legal services and reasonable expense of preparing the
Premises for such reletting, it being agreed by Tenant that Landlord may (i)
relet the Premises or any part or parts thereof for a term or terms which may,
at Landlord's option, be equal to or less than or exceed the period which would
otherwise have constituted the balance of the Term and may grant such
concessions and free rent as Landlord in its sole judgment considers advisable
or necessary to relet the same, and (ii) make such alterations, repairs and
decorations in the Premises as Landlord in its sole judgment considers advisable
or necessary to relet the same, and no action of Landlord in accordance with the
foregoing on failure to relet or to collect rent under reletting shall operate
or be construed to release or reduce Tenant's liability as aforesaid. Landlord
hereby agrees in all events to use reasonable efforts and due diligence to
mitigate the foregoing damages and to relet the Premises.
Nothing contained in this Lease shall, however, limit or prejudice the
right of Landlord to prove and obtain in proceedings for bankruptcy or
insolvency by reason of the termination of 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, the damages are to be proved, whether or not
the amount be greater, equal to, or less than the amount of the loss or damages
referred to above.
ARTICLE X
MISCELLANEOUS
10.1 TITLES
The titles of the Articles are for convenience and are not to be considered
in construing this Lease.
10.2 NOTICE OF LEASE
Concurrently with the executing of this Lease, Landlord and Tenant have
executed and recorded a notice of lease in the form attached hereto as Exhibit
T. If this Lease is terminated before the Term expires the parties will execute
an instrument in such form acknowledging the date of termination.
10.3 NOTICES FROM ONE PARTY TO THE OTHER
No notice, approval, consent requested or election required or permitted to
be given or made pursuant to this Lease shall be effective unless the same is in
writing. Communications shall be addressed, if to Landlord, at Landlord's
Address with a copy to Xxxx X. Xxxxxxxx, Esq., Xxxxxxxx, Xxxxx & Xxxxxx LLP, 00
Xxxxx Xxxxxx, Xxxxxx, Xxxxxxxxxxxxx 00000, or at such other address as may have
been specified by prior notice to Tenant and, if to Tenant, at Tenant's
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Address with a copy to Xxxxx X. XxXxxxxxx, Esq., Xxxxxx & Hannah, LLP, 000
Xxxxxxxx Xxxxxx, Xxxxxx, Xxxxxxxxxxxxx 00000 and to Xxxxxxx X. Xxxxxxxxxx, Esq.,
c/o Siemens Corporation, 000 Xxxxxxx Xxxx, Xxxxxxxxxx, Xxxxxxxxxxxxx 00000 or at
such other place as may have been specified by prior notice to Landlord. Any
communication so addressed shall be deemed duly served if actually received or
delivery is refused at the foregoing addresses mailed by registered or certified
mail, return receipt requested, delivered by hand, or by overnight express
service by a carrier providing a receipt of delivery.
10.4 BIND AND INURE
The obligations of this Lease shall run with the land, and this Lease shall
be binding upon and inure to the benefit of the parties hereto and their
respective heirs, successors and assigns, except that the Landlord named herein
and each successive owner of the Premises shall be liable only for the
obligations accruing during the period of its ownership, said liability
terminating as to future liability upon termination of such ownership and
passing to the successor in ownership. Neither the Landlord named herein nor any
successive owner of the Premises whether an individual, trust, a corporation or
otherwise shall have any personal liability beyond their equity interest in the
Premises.
10.5 NO SURRENDER
The delivery of keys to any employees of Landlord or to Landlord's agent or
any employee thereof shall not operate as a termination of this Lease or a
surrender of the Premises.
10.6 NO WAIVER, ETC.
The failure of Landlord or of Tenant to seek redress for violation of, or
to insist upon the strict performance of any covenant or condition of this Lease
or, with respect to such failure of Landlord, any of the Rules and Regulations
or Park Covenants referred to in Section 6.1.4, whether heretofore or hereafter
adopted by Landlord, shall not be deemed a waiver of such violation nor prevent
a subsequent act, which would have originally constituted a violation, from
having all the force and effect of an original violation, nor shall the failure
of Landlord to enforce any of said Rules and Regulations or Park Covenants
against any other tenant in the Park be deemed a waiver of any such Rules or
Regulations or Park Covenants, as applicable. The receipt by Landlord of Fixed
Rent or additional rent with knowledge of the breach of any covenant of this
Lease shall not be deemed a waiver of such breach by Landlord, unless such
waiver shall be in writing signed by Landlord. No consent or waiver, express or
implied, by Landlord or Tenant to or of any breach of any agreement or duty
shall be construed as a waiver or consent to or of any other breach of the same
agreement or duty in a previous or subsequent instance, or any other agreement
or duty.
10.7 NO ACCORD AND SATISFACTION
No acceptance by Landlord of a lesser sum than the Fixed Rent and
additional rent then due shall be deemed to be other than on account of the
earliest installment of such rent due, nor
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shall any endorsement or statement on any check or any letter accompanying any
check or payment as rent be deemed as accord and satisfaction, and Landlord may
accept such check or payment without prejudice to Landlord's right to recover
the balance of such installment or pursue any other remedy in this Lease
provided.
10.8 CUMULATIVE REMEDIES
The specific remedies to which Landlord may resort under the terms of this
Lease are cumulative and are not intended to be exclusive of any other remedies
or means of redress to which it may be lawfully entitled in case of any breach
or threatened breach by Tenant of any provisions of this Lease. In addition to
the other remedies provided in this Lease, Landlord shall be entitled to the
restraint by injunction of the violation or attempted or threatened violation of
any of the covenants, conditions or provisions of this Lease or to a decree
compelling specific performance of any such covenants, conditions or provisions.
10.9 PARTIAL INVALIDITY
If any term 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 term to persons or circumstances other
than those as to which it is invalid or unenforceable, shall not be affected
thereby, and each term of this Lease shall be valid and enforceable to the
fullest extent permitted by law.
10.10 RIGHT TO CURE
(a) If Tenant shall at any time fail to perform its obligation in
accordance with the provisions of this Lease and Tenant does not commence the
cure of such failure within thirty (30) days of notice thereof (except in the
event of emergencies), and thereafter diligently prosecute such cure to
completion, then Landlord shall have the right, but shall not be obligated, to
enter upon the Premises and to perform such obligation, notwithstanding the fact
that no specific provision for such substituted performance by Landlord is made
in this Lease with respect to such default. In performing such obligation,
Landlord may make any payment of money or perform any other act. All sums so
paid by Landlord (together with interest at the rate set forth in Section 4.3
hereof), and all necessary incidental reasonable third party costs and expenses
in connection with the performance of any such acts by Landlord, shall be deemed
to be additional rent under this Lease and shall be payable to Landlord
immediately on demand. Landlord may exercise the foregoing rights without
waiving any other of its rights or releasing Tenant from any of its obligations
under this Lease.
(b) If Landlord shall have failed to perform any of Landlord's covenants
hereunder relating to the Premises (Landlord and Tenant hereby agreeing,
however, that, except as otherwise provided in Section 3.2 relating to Tenant's
right to complete the Punch List Work for its own behalf if Landlord fails to do
so, Tenant shall have no self-help rights with respect to any (i) common areas
or facilities of the Building or any other tenant's space in the Building, if
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applicable, upon any such expansion of the Building pursuant to Exhibit R
hereof, or (ii) the Building Parking Area, the Lot or the Common Areas of the
Park) within the time periods set forth herein and Landlord does not commence
the cure of such failure within thirty (30) days of notice thereof (except in
the event of emergencies), and thereafter diligently prosecute such cure to
completion, then Tenant shall have the right, but not the obligation, to cure
any such covenants for the account of Landlord. If Tenant shall undertake such
performance, Landlord shall reimburse Tenant for all costs and expenses
reasonably incurred by Tenant in connection with such performance within twenty
(20) days after receipt of an invoice therefor from Tenant (together with any
such back up documentation reasonably requested by Landlord). If Landlord fails
to reimburse Tenant within said twenty (20) day period, then interest at the
rate set forth in Section 4.3 hereof, shall accrue on any amounts due from
Landlord hereunder until such costs have been reimbursed in full. If there
remains any amounts unpaid by Landlord to Tenant hereunder after interest has
commenced to accrue for at least thirty (30) days, then Tenant shall be entitled
to offset the unreimbursed costs together with interest thereon as aforesaid,
against fifteen percent (15%) of the monthly Fixed Rent due hereunder until such
costs due to Tenant hereunder have been reimbursed in full.
10.11 ESTOPPEL CERTIFICATE
Tenant agrees on the Commencement Date, and from time to time thereafter,
upon not less than thirty (30) days' prior written request by Landlord, to
execute, acknowledge and deliver to Landlord a statement in writing in
substantially the form attached hereto as Exhibit G, certifying if true (and
where not true, indicating where not true), as follows: that this Lease is
unmodified and in full force and effect; that except as set forth in this Lease,
Tenant has no defenses, offsets or counterclaims against its obligations to pay
the Fixed Rent and additional rent and to perform its other covenants under this
Lease; that there are no uncured defaults of Landlord or Tenant under this Lease
(or, if there are any defenses, offsets, counterclaims, or defaults, setting
them forth in reasonable detail); and the dates to which the Fixed Rent,
additional rent and other charges have been paid. Any such statements delivered
pursuant to this Section 10.11 may be relied upon by any prospective purchaser
or mortgage of premises which include the Premises or any prospective assignee
of any such mortgagee.
10.12 WAIVER OF SUBROGATION
Landlord and Tenant mutually agree, with respect to any hazard which is
covered by casualty or property insurance then being carried by them, or
required to be carried hereunder (whether or not such insurance is then in
effect) to release each other from any and all claims with respect to such loss;
and they further mutually agree that their respective insurance companies shall
have no right of subrogation against the other on account thereof. If extra
premium is payable by either party as a result of this provision, the other
party shall reimburse the party paying such premium the amount of such extra
premium. The parties further agree that if said waiver of subrogation shall be
unobtainable or unenforceable or shall void the respective policies, then their
respective insurance policies shall not be invalidated, and said waiver shall
become null and void and of no further force and effect.
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10.13 BROKERAGE
Tenant represents and warrants to Landlord, and Landlord represents and
warrants to Tenant, that it has dealt with no broker, other than such brokers
listed in Section 1.1, in connection with this transaction and agrees to defend,
indemnify and save the other party harmless from and against any and all claims
for a commission arising out of this Lease made by anyone, other than such
brokers in Section 1.1. Landlord shall be responsible for, and hold Tenant
harmless with respect to, all fees and commissions payable to such brokers
specified in Section 1.1.
10.14 PARKING/TRAFFIC PERSONNEL
Tenant's occupancy of the Premises shall include the use of four (4)
parking spaces per 1,000 square feet of rentable floor area of the Premises.
Tenant's parking spaces shall be known and referred to in this Lease as the
"Building Parking Area" (excluding any Expansion Space as may be hereinafter
included pursuant to Exhibit R), and shall be shown as such on the Landlord's
Plans. The Building Parking Area shall be used by Tenant in common with other
tenants of the Building (which may be expanded pursuant to Exhibit R hereto), if
applicable. Tenant hereby acknowledges that the initial Building Parking Area
includes seventy-two (72) additional spaces not required to be provided to
Tenant pursuant to this Lease. In the event that the Expansion Space is
constructed by Landlord pursuant to the provisions of Exhibit R, then, subject
to the provisions of Exhibit R, the Building Parking Area shall (i) be relocated
to an area designated by Landlord within the cross-hatched parking area (or
expanded in such area(s)) as shown on Exhibit A attached hereto, Tenant hereby
agreeing that such relocation area designated by Landlord on said Exhibit A is
acceptable to Tenant, and (ii) be increased by two hundred twenty-two (222)
parking spaces. However, in the event that the Expansion Space is not
constructed by Landlord, on Tenant's behalf, then Landlord reserves the right to
reduce the initial Building Parking Area shown on Exhibit A by said seventy-two
(72) spaces, or to grant an exclusive easement of such seventy-two (72) spaces
to an affiliate of Landlord, if necessary for Landlord's future development and
operation of the Park, Landlord and Tenant hereby acknowledging and agreeing to
work together, each acting reasonably and in good faith to identify the
seventy-two (72) spaces at such time, if applicable. In no event, however, shall
the foregoing reduce Landlord's obligation to provide Tenant with the use of
four (4) parking spaces per 1,000 square feet of rentable floor area of the
Premises as aforesaid.
Upon Tenant giving Landlord at least SIXTY (60) days prior written notice,
Landlord agrees to provide traffic control personnel at peak hours, subject to
approval of the Massachusetts Highway Department and the Town of Westford, and
the cost thereof shall be reimbursable to Landlord pursuant to Sections 4.2 and
5.1.2 hereof.
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10.15 ACCESS
Subject to the terms and provisions of this Lease, Tenant shall have
twenty-four (24) hours, seven (7) days per week, access to the Premises.
10.16 ENTIRE AGREEMENT
This instrument contains the entire and only agreement between the parties
as to the Premises, and no oral statements or representations or prior written
matter not contained in this instrument shall have any force or effect. This
Lease shall not be modified in any way except by a writing subscribed by both
parties.
10.17 GOVERNING LAW
This Lease shall be governed by and construed and enforced in accordance
with the laws and courts of the Commonwealth of Massachusetts.
10.18 ADDITIONAL REPRESENTATIONS
Landlord represents and warrants to Tenant as follows:
(a) that Landlord has the right and authority to enter into this Lease and
grant Tenant possession of the Premises and other rights set forth herein;
(b) that Landlord is the fee simple owner of the Lot and that Landlord (or
its affiliate(s) or an affiliate(s) of The Xxxxxxxxx Company) are the fee simple
owners of the Park; and
(c) that the Building (including all common areas, entrances, restrooms,
elevators, water fountains and signage), the Building Parking Area and the Lot
will, upon Substantial Completion and issuance of all necessary permits and
approvals required to be obtained from any and all necessary governmental
agencies prior to occupancy of the Premises by Tenant, including without
limitation, a certificate of occupancy from the Town of Westford which allows
Tenant to use and occupy the Building as specified in Article III hereof, comply
with all dimensional, use, parking, loading and other zoning requirements of the
Town of Westford, and all applicable building codes and governmental
requirements, including without limitation the regulations of the Americans with
Disabilities Act (ADA), and the Park Covenants attached hereto as Exhibit I.
10.19 ROOFTOP COMMUNICATION EQUIPMENT
Subject to the provisions hereinafter provided, Tenant shall have the right
from time to time during the Term hereof to install rooftop communication
equipment (i.e. satellite or antenna devices) on the roof of the Building.
Subject to applicable law, matters of title, and the consent of Landlord (which
consent shall not be unreasonably withheld or delayed), Tenant, at its sole cost
and expense, has the right to install such equipment on the roof of the
Building. The size
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and location of the installation shall be at a site acceptable to Landlord, and
the approval of any such size and location shall not be unreasonably withheld or
delayed by Landlord. Tenant shall install the equipment in accordance with sound
construction practices, and in accordance with all applicable laws, rules, codes
and ordinances, and in a good and workmanlike manner. Tenant shall use such
roofing contractor required to comply with the existing roof warranties, as
designated by Landlord. Tenant shall indemnify, defend and hold Landlord
harmless from and against any and all liability or loss arising from or out of
the installation or removal of such rooftop communication equipment. Upon
expiration of the Term, Tenant shall be responsible for the removal of the same
and for repairing any damage caused therefrom.
IN WITNESS WHEREOF, the parties hereto have duly executed this Lease as of
this __ day of March, 2000.
LANDLORD:
XXXXXXXXX FARM-WESTFORD
TECHNOLOGY PARK TRUST
By: /s/ Xxxxxx X. Xxxxxxxxx
-----------------------------------
__________________, Class A
Trustee of Xxxxxxxxx
Farm-Westford Technology Park
Trust, on behalf of himself
and his co-Class A Trustee in
their capacities as said
trustees and not individually
Dated: 3/30/00
--------------------------------
By:
-----------------------------------
__________________, Class B
Trustee of Xxxxxxxxx
Farm-Westford Technology Park
Trust, on behalf of himself
and his co-Class B Trustee in
their capacities as said
trustees and not individually
Dated:
--------------------------------
51
55
and location of the installation shall be at a site acceptable to Landlord, and
the approval of any such size and location shall not be unreasonably withheld or
delayed by Landlord. Tenant shall install the equipment in accordance with sound
construction practices, and in accordance with all applicable laws, rules, codes
and ordinances, and in a good and workmanlike manner. Tenant shall use such
roofing contractor required to comply with the existing roof warranties, as
designated by Landlord. Tenant shall indemnify, defend and hold Landlord
harmless from and against any and all liability or loss arising from or out of
the installation or removal of such rooftop communication equipment. Upon
expiration of the Term, Tenant shall be responsible for the removal of the same
and for repairing any damage caused therefrom.
IN WITNESS WHEREOF, the parties hereto have duly executed this Lease as of
this __ day of March, 2000.
LANDLORD:
XXXXXXXXX FARM-WESTFORD
TECHNOLOGY PARK TRUST
By: /s/ Xxxxxx X. Xxxxxxxxx
-----------------------------------
__________________, Class A
Trustee of Xxxxxxxxx
Farm-Westford Technology Park
Trust, on behalf of himself
and his co-Class A Trustee in
their capacities as said
trustees and not individually
Dated:
--------------------------------
By: /s/ illegible signature
-----------------------------------
__________________, Class B
Trustee of Xxxxxxxxx
Farm-Westford Technology Park
Trust, on behalf of himself
and his co-Class B Trustee in
their capacities as said
trustees and not individually
Dated: 3/31/00
--------------------------------
51
56
TENANT:
UNISPHERE SOLUTIONS, INC.
By: /s/ Xxxxx X. Xxxxx, Xx.
-----------------------------------
Its: President
----------------------------------
Dated: 3/30/00
--------------------------------
AS TO EXHIBIT "R" ONLY:
Xxxxxxxxx Farm-Westford Technology Park
V and VIII Limited Partnership (Current
Owner of a Portion of Lot 10E to be
Created), a Massachusetts Limited
Partnership
By: The Xxxxxxxxx Company, sole general
partner
By: /s/ Xxxxxx X. Xxxxxxxxx
------------------------------
Xxxxxx X. Xxxxxxxxx, President
AS TO EXHIBIT "U" ONLY:
Xxxxxxxxx Farm-Westford Technology Park
IV Limited Partnership (as Owner of
Building 4) and Xxxxxxxxx Farm-Westford
Technology Park VI Limited Partnership
(as Owner of Building 6), both
Massachusetts Limited Partnerships
By: The Xxxxxxxxx Company, sole general
partner
By: /s/ Xxxxxx X. Xxxxxxxxx
------------------------------
Xxxxxx X. Xxxxxxxxx, President
52
57
EXHIBIT "A"
PLANS SHOWING TENANT'S SPACE, THE XXX XXX XXX XXXX
(XXXXXXXXX XXX XXXXXXXX XXXXXXX XXXX)
Phase I as shown on Plans entitled A1.1, A1.2 and A1.3, prepared by Symmes,
Maini & XxXxx Associates, Inc., Sheet C3 "Layout Materials Plan (Phase I)"
prepared by Symmes, Maini & XxXxx Associates, Inc., and Easement Plan, Sheets 1
- 5, prepared by Xxxx Surveying for Westford Technology Park, dated June 13,
1996, as revised, and recorded in Plan Book 199, Plan 2.
58
EXHIBIT "A-1"
LEGAL DESCRIPTION OF THE LOT
A certain parcel of land located on Technology Park Drive in Westford,
Middlesex County, Massachusetts shown as Lot 10D on that certain plan entitled
"Subdivision Plan of Land Technology Park Drive, Westford, Mass." prepared by
Xxxxx X. Xxxxxxx, Inc., scale 1" = 100' dated March 3, 2000 and to be recorded
with the Middlesex North Registry of Deeds. Lot 10D contains 11.397 acres
according to said plan (a copy of which is attached hereto and made a part
hereof). Landlord and Tenant hereby acknowledge and agree that this Exhibit A-1
shall be replaced by an amendment to this Lease upon creation of the Lot and the
recording of said plan.
59
EXHIBIT "B-1"
Preliminary Base Building Plans
- Phase I as shown on Plans entitled A1.1, A1.2 and A1.3, prepared by Symmes,
Maini & XxXxx Associates, Inc. (Please see plans attached to Exhibit "A")
- Exterior Elevations Plan A2.1, prepared by Symmes, Maini & XxXxx Associates,
Inc.
- Sheet C3 "Layout & Materials Plan (Phase I)" prepared by Symmes, Maini &
XxXxx Associates, Inc. (Please see plan attached to Exhibit "A")
60
EXHIBIT "B-2"
XXXXXXXXX CONSTRUCTION CO., INC.
OUTLINE SPECIFICATIONS
FOR
XXXXXXXX XXXXXXXXXX XXXX
XXXXXXXX 00
XXXXXXXX, XXXXXXXXXXXXX
JANUARY 7, 2000
REVISED JANUARY 19,2000
REVISED FEBRUARY 9, 2000
61
OUTLINE SPECIFICATIONS
INDEX
PAGE NO.
--------
DIVISION 1 - GENERAL REQUIREMENTS 3
Section 1A - Scope of the Work
Xxxxxxx 0X - Xxxxxxxxxxx
Xxxxxxx 0X - Xxxx Summary
DIVISION 2 - SITE WORK 4
Section 2A - Site Preparation and Earthwork
Section 2B - Site Improvements
Section 2C - Lawns and Plantings
Section 2D - Site Drainage
Section 2E - Site Utilities
Section 2F - Irrigation
DIVISION 3 - CONCRETE 6
Section 3A - Concrete
Section 3B - Precast Concrete
DIVISION 5 - METALS 7
Section 5A - Structural Steel
Section 5B - Miscellaneous and Ornamental Iron
DIVISION 6 - CARPENTRY 8
Section 6A - Rough Carpentry
Section 6B - Millwork
DIVISION 7 - MOISTURE PROTECTION 9
Section 7A - Roofing and Flashing
Section 7B - Waterproofing, Dampproofing and Caulking
DIVISION 8 - DOORS, WINDOWS AND GLASS 10
Section 8A - Wood Doors
Section 8B - Metal Door Frames
Section 8C - Finish Hardware
Section 8D - Aluminum Entrance
Section 8E - Glass and Glazing
Section 8F - Overhead Doors
1
62
Outline Specifications - Index
DIVISION 9 - FINISHES 12
Section 9A - Resilient Base
Section 9B - Acoustical
Section 9C - Painting and Vinyl Wallcovering
Section 9D - Gypsum Drywall
Section 9E - Exterior Soffits
Section 9F - Insulation
Section 9G - Carpeting
Section 9H - Ceramic Tile
DIVISION 10 - SPECIALTIES 14
Section 10A - Toilet Partitions
Section 10B - Toilet Accessories
Section 10C - Dock Equipment
DIVISION 12 - FURNISHINGS 15
Section 12A - Blinds
DIVISION 14 - CONVEYING SYSTEM 16
Section 14A - Elevator
DIVISION 15 - MECHANICAL 17
Section 15A - Plumbing
Section 15B - Heating, Ventilating and Air Conditioning
Section 15C - Sprinklers
DIVISION 16 - ELECTRICAL 21
Section 16A - Electrical Work
DIVISION 17 - EXCLUSIONS 23
2
63
DIVISION 1
GENERAL REQUIREMENTS
SECTION 1A - SCOPE OF THE WORK
0X-00 Xxxxxxxxx Construction Co., Inc. will provide all labor, material and
equipment necessary to complete the construction of the subject
building in accordance with these Outline Specifications dated
February 9, 2000, the preliminary drawings as prepared by Symmes,
Maini & XxXxx Associates, Inc. dated __________________________, and
the Site Plan of Land dated ___________________, as prepared by
Symmes, Maini & XxXxx Associates, Inc.
SECTION 1B - ASSUMPTIONS
1B-01 All required utilities of adequate size and capacity will be available
at the property line or in the Subdivision Road immediately adjacent
to the property line.
1B-02 This proposal is based on Class II-C construction as specified in the
Massachusetts State Building Code.
SECTION 1C - AREA SUMMARY
1C-01 The building is a three (3) story, "open shell" office building for a
total of 150,000 square feet.
1C-02 Parking spaces to be provided for four (4) spaces per 1,000 square
feet of building area.
1C-03 Provide two (2) truck docks and a dumpster pad with a provision to add
a third truck dock in this building or in the expansion.
3
64
DIVISION 2
SITE WORK
SECTION 2A - SITE PREPARATION AND EARTH WORK
2A-01 The building site, including landscaped areas, shall be graded to
"+"0.1' elevations with positive drainage, free of pockets, using
existing granular materials. All grading is to be done in accordance
with the site plan developed from the preliminary drawings adjusted so
as to produce a balanced site.
2A-02 The building pad shall be graded and compacted with six inches (6") of
suitable granular material to an elevation of minus five inches (-5")
from finished floor elevation. Compaction shall be 95% xxxxxxx method,
ASTM D 1557.
2A-03 All paved areas shall receive a minimum of eight inches (8") of
suitable granular material compacted to 92% of its maximum density.
SECTION 2B - SITE IMPROVEMENTS
2B-01 Parking areas shall be paved with two and one half inches (2 1/2") of
bituminous concrete to consist of one and one-half inches (1 1/2")
binder coarse and one inch (1") finish. Material and workmanship shall
be based on State Highway Department specifications.
2B-02 Roads shall be paved as specified for parking areas.
2B-03 Sidewalks shall be paved with four inches (4") of concrete around the
building and 2 1/2" bituminous paving at parking lots.
2B-04 All necessary curbing shall be granite or bituminous berm as shown on
the drawings.
SECTION 2C - LAWNS AND PLANTINGS
2C-01 Lawns and planting will be similar to Westford Technology Park Building
#1.
SECTION 2D - SITE DRAINAGE
2D-01 Parking areas, roadways and trucking areas shall be surface drained and
underground drainage shall be installed as required.
4
65
DIVISION 2 - SITE WORK (Continued)
SECTION 2E - SITE UTILITIES
2E-01 Domestic water service and fire sprinkler shall be from a water main at
the property line. The water meter and piping shall be sized to suit
the building requirements. Fire sprinkler service will be sized per
NFPA 13 for light hazard.
2E-02 Sanitary sewer shall be connected to the existing Park sewer treatment
system as indicated on the site plan.
2E-03 Electrical service shall be provided by the electric UTILITY COMPANY'S
pad-mounted transformer.
2E-04 Telephone service entrance conduit shall be provided as specified by
the local telephone company.
2E-05 Gas service will be provided by the local utility company.
SECTION 2F - IRRIGATION
2F-01 An automatic, underground lawn irrigation system will be provided for
all lawn areas adjacent to the building and at the main entrance.
5
66
DIVISION 3
CONCRETE
SECTION 3A - CONCRETE
3A-01 Provide all plain and reinforced concrete work, including all necessary
form work, sleeves, inserts, etc. Concrete material shall be 3,000
p.s.i.
3A-02 Floor slab-on-grade shall be five inch (5") thick concrete reinforced
with welded wire fabric for a live load rating of 200 p.s.f. Second and
third floor slabs shall be designed for a load of 100 p.s.f. with live
load reduction allowed by the Massachusetts State Code.
3A-03 Foundations shall be continuous reinforced concrete footings and walls
and individual spread reinforced concrete footings under columns. All
foundations shall bear on engineered fill, natural soil or ledge.
3A-04 Floors shall meet the following level and flatness criteria. Slab on
grade shall be within FF (flatness) 25 and F1 (level) 20. Suspended
slabs shall be within FF (flatness) = 20.
XXXXXXX 0X - XXXXXXX XXXXXXXX
0X-00 Xxxxxxx concrete exterior spandrel panels shall be designed to meet
wind loading as required by the governing code(s) and shall have an
exposed aggregate finish as approved by the Architect and Owner.
6
67
DIVISION 5
METALS
SECTION 5A - STRUCTURAL STEEL
5A-01 All structural steel work shall conform to the "Specifications for
Design, Fabrication and Erection of Structural Steel for Buildings" of
the American Institute of Steel Construction and the requirements of
the local building code. All steel shall be ASTM-A-36.
5A-02 The structure shall be steel columns, beams or trusses, and bar joists.
The building shall be designed in accordance with the building code
requirements.
5A-03 The roof construction shall be 22 gauge, prime-painted metal roof
decking. Roof shall be designed to support a live load of 35 p.s.f.
plus the loading required for a rubber or EPDM ballasted roofing
system.
5A-04 Second and third floor framing systems shall be designed to support a
total (live) load of 100 p.s.f. with live load reduction allowed by the
Massachusetts State Code. Floor decking shall be 28 gauge Fab-Form
metal deck or equal.
5A-05 Provide thirteen feet (13'-0") from first floor slab to second floor
slab. Provide thirteen feet (13'-0") from second floor slab to the
third floor slab. Provide thirteen feet six inches (13'-6") from third
floor slab to the top of the roof steel.
5A-06 Provide wind framing and attachment for precast concrete.
5A-07 Provide framing and supports for roof top equipment as may be required.
SECTION 5B - MISCELLANEOUS AND ORNAMENTAL IRON
5B-01 Provide manhole and catch basin frames and covers where required.
5B-02 Stairs shall be metal pan, concrete filled type. Stairs shall be
provided with integral nosings. Handrails shall be tubular steel,
except as otherwise indicated on the drawings. One stair will service
the roof.
5B-03 All necessary channel iron supports and hanging rods for toilet
partitions and glass entrances shall be provided.
5B-04 Provide elevator sill angles.
5B-05 Provide one ornamental stair from the first to the second floor at the
Atrium.
7
68
DIVISION 6
CARPENTRY
SECTION 6A - ROUGH CARPENTRY
6A-01 Provide all wood blocking and rough carpentry required.
6A-02 Install wood doors, metal door frames and finish hardware.
6A-03 Install toilet partitions.
SECTION 6B - MILLWORK
6B-01 All men's and women's toilet rooms shall have Corian lavatory counter
tops with integral bowls, backsplash, endsplash and apron.
6B-03 Provide a four inch (4") oak base at the walls of the lobbies and
toilet room vestibule areas, or alternate type base as selected.
6B-04 Provide a plastic laminate sill at all perimeter wall office windows.
6B-05 Provide a plastic laminate backsplash at the mop sink in the janitor's
closet.
8
69
DIVISION 7
MOISTURE PROTECTION
SECTION 7A - ROOFING AND FLASHING
7A-01 The roof shall be insulated to yield a "U" factor of .06. Roof loading
is to be in accordance with the building code requirements. The roofing
shall be a ballasted rubber or EDPM roofing system as manufactured by
Carlysle, Firestone, General Tile or approved equal. A ten (10) year
labor and material and an additional ten (10) years on material,
manufacturer's standard guarantee is included.
7A-02 Flashing at the precast concrete parapets and HVAC equipment shall be
provided.
7A-03 Vent pipe flashings shall be provided as necessary.
SECTION 7B - WATERPROOFING, DAMPPROOFING AND CAULKING
7B-01 Interior caulking shall be the type appropriate for the application.
7B-02 Caulk perimeter of all exterior doors and windows with monolastic,
meric Thiokol caulking or approved equal.
7B-03 All precast concrete joints shall be caulked with monolastomeric
Thiokol caulking or approved equal.
0X-00 Xxxxxxxxxx and/or dampproof the elevator pit as required.
9
70
DIVISION 8
DOORS, WINDOWS AND GLASS
SECTION 8A - WOOD DOORS
8A-01 Interior base building wood doors shall be 3'0" x 8'-0" by 1 3/4" solid
core, plain sliced, red oak and/or 3'0" x 7'0" by 1 3/4" solid core,
stain grade oak. Provide fire rated doors as required by code. All oak
doors are to have matching edges.
SECTION 8B - METAL DOORS AND FRAMES
8B-01 All interior base building door frames shall be welded type or three
piece, pressed metal, single and/or double rabbet door frames with
proper anchors for partitions. Provide fire rated frames as required by
code.
SECTION 8C - FINISH HARDWARE
8C-01 Finish hardware shall be heavy duty grade Russwin, Schlage, or approved
equal.
8C-02 Key schedule shall be per the Owner's requirements.
8C-03 Lockset to have removable cores.
8C-04 Provide electric strikes at exterior doors.
SECTION 8D - ALUMINUM ENTRANCE
8D-01 Aluminum door frame assemblies, including window trim, shall be
anodized aluminum as indicated on the drawings.
8D-02 Aluminum entrances shall be complete with all hardware (pivot hinges,
push/pulls, closers, etc.) except cylinder, which is to be furnished
under Section 8C, Finish Hardware.
8D-03 Provide electric strikes at exterior doors.
SECTION 8E - GLASS AND GLAZING
8E-01 Glass for entrances shall be 1/4" tinted. Entrance doors shall be
3'0" x 7'O" with glass transom.
8E-02 Mirrors shall be provided over each lavatory at the men's and women's
toilet rooms. In addition, women's toilet rooms shall be provided with
a full height mirror located on the wall opposite the lavatories.
8E-03 The exterior glass shall be 7" insulating, tinted as manufactured by
LOF, PPG or approved equal. Glass area shall be kept under 50% of the
exterior wall area. Includes Manufacturer's Standard ten (10) year
warranty for the insulated glass units.
10
71
DIVISION 8 - DOORS, WINDOWS AND GLASS (Continued)
SECTION 8E - GLASS & GLAZING (Continued)
8E-04 The aluminum framing for glass shall be anodized aluminum with a
thermal break as manufactured by Alumiline, Kawneer or approved equal.
All windows are to be the fixed type.
SECTION 8F - OVERHEAD DOORS
8F-01 Provide two (2) electrically operated, 8' x 8', insulated overhead door
with weather seal for the truck dock.
11
72
DIVISION 9
FINISHES
SECTION 9A - RESILIENT BASE FOR XXX XXXX XXXXXXXX
0X-00 Xxxxxxxxx base shall be 4" high, vinyl cove or straight as applicable.
SECTION 9B - ACOUSTICAL WORK FOR THE BASE BUILDING
9B-01 All base building toilet rooms, stairways and main lobby shall have
lay-in, reveal edge units of 3/4" x 24" x 24", mineral acoustic tile.
Suspension system shall be exposed grid "T" suspension system. Ceiling
height shall be 9'-0", except toilet rooms shall be 7'6". Tile and
suspension system shall be white.
SECTION 9C - PAINTING FOR THE BASE BUILDING
9C-01 All exposed ferrous metals shall receive a primer coat and one coat of
enamel.
9C-02 Interior painted walls are to receive two coats of latex paint. The
lobby will be painted with Zolatone, polymix or approved equal.
9C-03 Interior, base building doors shall receive two coats of semi-gloss
enamel paint, or one coat of sealer and two coats of polyurethane.
9C-04 Toilet room walls that are not to receive ceramic tile shall be painted
with Zolatone, polymix or approved equal, or shall receive vinyl wall
covering at the contractor's option.
SECTION 9D - GYPSUM DRYWALL FOR THE BASE BUILDING
9D-01 Interior, ceiling high partitions shall be 25 ga., 2 1/2" galvanized
metal studs, 24" O.C. with 5/8" gypsum wallboard on each side, taped,
sanded and ready for paint. All full-height partitions shall be 25 ga.,
3 5/8" galvanized metal studs, 24" O.C. with 5/8" gypsum wallboard on
each side, taped, sanded and ready for paint. Insulation in partitions
shall be as indicated on the drawings. Provide fire rating as required
by code. All required fire rated walls shall be constructed with
approved fire rated drywall assembly systems.
9D-02 The interior of the exterior walls shall be furred with metal studs,
insulated and covered with drywall in all finished areas. The interior
face of all precast concrete will be insulated with a minimum of 3 1/2"
of fiberglass insulation.
12
73
DIVISION 9 - FINISHES (CONTINUED)
SECTION 9D - GYPSUM DRYWALL FOR THE BASE BUILDING (Continued)
9D-03 Interior steel columns will be tubular type, or "H" columns covered
with drywall, taped, sanded and prepared for finish or exposed tube
type.
SECTION 9E - EXTERIOR SOFFITS
9E-01 All exposed exterior soffits shall be synthetic plaster.
SECTION 9F - INSULATION
9F-01 Fiberglass blanket type insulation shall be provided behind all
exterior walls, except behind the spandrel panels where rigid
insulation may be used.
9F-02 Rigid insulation shall be provided at the perimeter foundation walls.
SECTION 9G - CARPETING
9G-01 An allowance of twenty-four dollars ($24.00) per square yard has been
included for all carpet at the base building areas.
SECTION 9H - CERAMIC TILE
9H-01 Toilet rooms and showers shall have 1" x 1", unglazed, ceramic floor
tile and 4 1/4" x 4 1/4" glazed, ceramic tile, full height, at wet
walls.
13
74
DIVISION 10
SPECIALTIES
SECTION 10A - TOILET PARTITIONS
10A-01 Partitions shall be ceiling hung with a baked enamel finish. Provide
toilet partitions as indicated on the drawings.
SECTION 10B - TOILET ACCESSORIES
10B-01 Provide brushed stainless steel accessories as indicated on the
drawings. Accessories shall include double roll toilet paper holders,
recessed paper towel dispenser/disposals, liquid soap dispensers,
sanitary napkin vendors and disposals and grab bars at handicap
toilets. Also, provide mop hooks at janitor's closets.
SECTION 10C - DOCK EQUIPMENT
10C-01 Provide two (2) mechanical 20,000 pound capacity dock levelers. Dock
bumper integral with the dock leveler shall be provided. Provide space
next to truck dock for the compactor. Truck dock will be standard 48"
height. Also, provide seals and/or shelters, swivel dock lights and
bollards.
14
75
DIVISION 12
FURNISHINGS
SECTION 12A - BLINDS
12A-01 Vertical blinds shall be LouverDrape, Model EL (Elite) or approved
equal, both traversing and rotating types.
12A-02 Blinds shall have top track only with manufacturer's standard baked
enamel finish.
12A-03 Vertical blind blades are to be PVC solid core, 3 1/2" wide, .03"
thickness. Color shall be manufacturer's standard color as selected by
the Owner and Architect.
12A-04 Blinds shall be installed at all exterior wall windows.
15
76
DIVISION 14
CONVEYING SYSTEM
SECTION 14A - ELEVATOR
14A-01 Two (2) standard package, 3,500 pound capacity hydraulic passenger
elevators shall be provided at the main entrance lobby and one (1)
standard package 4,500 pound capacity hydraulic passenger/material
elevator near the truck dock. Speed shall be 125 feet per minute. Cab
finish shall be stainless steel on front panels and doors, plastic
laminate walls, and baked enamel frame and entrance doors on hall
side. Include protective pads and hooks, handrail at rear, telephone
box and cable, removable ceiling, certificate frame, emergency car
lighting, exhaust fan, handicapped code requirements and 36" center
opening doors. Includes an allowance of $20,000.00 to upgrade the
finishes of the two elevators in the main lobby. Upgrade finishes
shall be selected from the manufacturer's upgrade finish options.
16
77
DIVISION 15
MECHANICAL
DIVISION 15A - PLUMBING
15A-01 CODES, ORDINANCES AND PERMITS
1. All material and workmanship shall be in strict accordance with
the following codes:
A. MASSACHUSETTS STATE PLUMBING CODE
B. MASSACHUSETTS STATE BUILDING CODE
C. NATIONAL FIRE CODES
D. REQUIREMENTS OF THE TOWN OF WESTFORD, MASSACHUSETTS
E. DEPARTMENT OF PUBLIC HEALTH
15A-02 SANITARY WASTE AND VENT SYSTEM
1. Interior waste and vent piping shall convey wastes to the
underground sanitary waste system and shall be vented through the
roof as required by code.
2. Exterior sanitary waste shall be connected to the existing Park
sewer treatment system as indicated on the site plan.
15A-03 ROOF DRAINAGE SYSTEM
1. Interior roof drains shall be adequately sized and installed to
drain all roof surfaces and shall be connected to the storm drain
outside the building line.
15A-04 COLD AND HOT WATER-SYSTEMS
1. Cold and hot water systems shall be installed to service all
fixtures and equipment indicated on the drawings requiring cold
and hot water.
2. Cold and hot water shall be sized in accordance with the latest
requirements of the applicable plumbing code.
3. Provide isolation valves at each toilet room by floor.
15A-05 GAS PIPING
1. Provide gas piping from the meter to the rooftop HVAC Units.
15A-06 PIPING AND FITTINGS
1. Piping and fittings shall be cast iron for sanitary and storm,
and copper for water - all conforming to the latest ASTM and/or
F.S. standards.
15A-07 PIPING AND DRAINAGE ACCESSORIES
1. Roof drains, wall/ground hydrants, cleanouts, and fixture
carriers shall be as manufactured by X.X. Xxxxx, Josam, Xxxx or
approved equal. Pressure-reducing valves and back flow preventors
shall be as manufactured by Xxxxx or approved equal.
17
78
DIVISION 15 - MECHANICAL (CONTINUED)
SECTION 15A - PLUMBING (continued)
15A-08 INSULATION
1. All above-ground cold water piping, valves and fittings shall be
insulated, including the air chamber. Horizontal rain leaders and
all roof drains shall be insulated.
15A-09 WATER METER
1. Water meter and piping shall be furnished and installed in
accordance with the Town of Westford, Massachusetts'
requirements.
15A-10 PLUMBING FIXTURES
1. Water closets shall be wall-hung, elongated, flush valved closets
with 1 1/2" top spuds and exposed valves as manufactured by
Kohler Company or approved equal, with white, open front seats,
no cover.
2. Urinals shall be wall-hung, white with 1 1/2" top spuds, exposed
valves as manufactured by Kohler Company or approved equal.
3. Lavatories shall be drop-in, counter type.
4. Drinking fountains (one on each floor) shall be electric,
semi-recessed, wall-mounted type as manufactured by Xxxxxx Xxxxxx
or approved equal.
5. Electric hot water heater(s), sized to suit the base building
requirements, shall be provided.
6. Handicap type fixtures will be provided in the toilet rooms as
required by applicable codes.
15A-11 TESTING
1. All piping systems shall be tested in accordance with the
applicable codes.
SECTION 15B - HEATING, VENTILATING AND AIR CONDITIONING
15B-01 Provide rooftop, variable volume, heating, ventilating and air
conditioning to provide comfort heating and cooling on a year-round
basis with controlled night set back and economizing features, and
shall meet all applicable code requirements. Capacity will be based on
325 S.F./Ton. Equipment shall be as manufactured by Carrier, Trane or
approved equal as selected by Xxxxxxxxx Construction Co., Inc. A low
voltage, automatic temperature control system will also be provided.
Include an override switch for each rooftop unit to allow after hours
operation. Includes HVAC distribution for the base building areas. Does
not include HVAC distribution at tenant areas. The rooftop HVAC Units
will provide gas fired morning warm-up to meet the requirements of the
Massachusetts Energy Code. The rooftop HVAC Units will be provided with
three feet (3') high vibration/insulated curbs to minimize noise and
vibration. Rooftop units will not be operated without filters. Filters
used during construction will be changed prior to Tenant's occupancy.
The ventilation for the building will be designed per the Massachusetts
State Code.
18
79
DIVISION 15 - MECHANICAL (CONTINUED)
SECTION 15B - HEATING, VENTILATING AND AIR CONDITIONING (Continued)
15B-02 DUCT WORK
All duct work shall be galvanized steel to meet the ASHRAE standards.
Flexible duct run-outs shall not exceed six feet (6').
15B-03 GRILLES AND DIFFUSERS
As required for the base building.
15B-04 TOILET ROOM EXHAUST
A toilet room exhaust system shall be installed in accordance with the
code requirements.
15B-05 NOISE LEVELS
The HVAC System will be designed to meet or exceed an NCR of 35 to 40.
15B-06 HEATING, VENTILATING AND AIR CONDITIONING FOR TENANT AREAS
A zoned heating, ventilating and air conditioning system, including
distribution duct work, diffusers, return air grilles and thermostatic
control for general office use is not included. Duct shafts and ducts
will be provided from the rooftop equipment to the first and second
floors. Above the ceiling will be used as a return air plenum. Return
ductwork is not anticipated.
SECTION 15C - SPRINKLERS
15C-01 An automatic wet pipe, light hazard sprinkler system shall be provided
for the base building. System shall be designed to meet the I.S.O. and
NFPA #13 requirements. Heads at acoustical ceilings shall be chrome
plated, semi-recessed, pendant type located at the center one third
(1/3) of the 24" x 24" ceiling tile. Heads in open areas shall be the
brass upright type. Testing shall be in accordance with NFPA Pamphlet
No. 13. Furnish and install tamper and flow switches. Wiring shall be
by the electrical subcontractor. Sprinkler distribution for the tenant
areas is not included. Stub outs will be provided on each floor.
Includes standpipe and fire hose cabinets as required.
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DIVISION 16
ELECTRICAL
SECTION 16A - ELECTRICAL WORK
16A-01 SERVICE ENTRANCE
The primary electric service and pad mounted transformer will be
provided by the local utility company at no cost to Xxxxxxxxx
Construction Co., Inc. Provide underground PVC conduit for electric
and telephone as required by the utility companies. The secondary side
of the electrical service will be 3,000 Amps at 480 Volt, 3-phase,
4-wire. Provide empty conduit from the pad mounted transformer to the
switchgear and design the switchgear so the capacity can be increased
for the expansion of 75,000 square feet. When the Tenant's additional
electrical requirements are determined, the main service size, feeder
circuits and equipment will be increased at the Tenant's cost.
16A-02 CODES AND STANDARDS
Materials and workmanship shall conform with the latest editions of the
following applicable codes, standards and specifications:
1. National Board of Fire Underwriters
2. Underwriter's Laboratories, Inc.
3. National Electrical Code
4. National Bureau of Standards Handbook 11-30, National Safety Code
5. Local and State Building Codes, and all other authorities having
jurisdiction
16A-03 RACEWAYS AND CONDUCTORS
Generally, wiring will consist of insulated conductors installed in
3/4" minimum size, EMT. Flexible conduit (BX) will be used for terminal
connection at all motors. Electrical metallic tubing will be used in
areas above hung ceilings. Aluminum conduit may be used in concealed
areas or in areas eight feet (8') above the floor. No aluminum conduit
will be used in concrete or underground. BX may be used where allowed
by applicable codes. Above the ceiling is used as a return air plenum.
Conductors will be 600 volt copper, except where otherwise noted.
Wire/cable #2 and larger may be aluminum. The following conductors will
be used:
1. Power: #12 Minimum 75(0)C THWN
2. Lighting: #12 Minimum 75(0)C THWN
3. Control: #14 Minimum 75(0)C THW
4. Fixture: #16 Minimum 90(0)C MTW
5. Alarm: #14 Minimum 75(0)C THW
20
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DIVISION 16 - ELECTRICAL (CONTINUED)
SECTION 16A - ELECTRICAL WORK (Continued)
16A-04 GROUNDING SYSTEM
Grounding will consist of copper clad steel rods connected with bare
copper cable. The grounding system will be connected to the existing
ground in the power plant. The interconnection conductors will be built
into the main feeder cable. Building steel and all electrical equipment
enclosures will be grounded.
16A-05 FEEDER CIRCUITS
Feeders will supply 480/277 volt power from the main distributor to
distribution panels. Main service will be adequately sized to serve the
building's requirements as specified in these outline specifications.
The main riser electrical feeder will be by a vertical plug-in type
busway system. Includes transient voltage surge protection at the
service entrance and branch circuit panel boards.
16A-06 TRANSFORMERS
Dry-type K20 rated transformers will be provided for 120/208 volt
panels.
00X-00 XXXXXXXXXXX
Xxxxxxxxxxx will be 480/277 volt, 3-phase, 4-wire and 120/208 volt,
3-phase, 4-wire with 200% neutrals with provisions for bolt in circuit
breakers. Panelboards will be sized for the HVAC 6 xxxxx per square
foot and 2 xxxxx per square foot for the 277 volt light fixtures and 6
xxxxx per square foot at for 120/208 volt power. Panelboards will be
located in electrical closets on each floor.
16A-08 WIRING DEVICES, OUTLETS AND SWITCHES
1. Switches will be the quiet toggle type, NEMA standard.
2. Convenience outlets will be duplex grounding type, 20 amp rates,
NEMA standard.
3. Device plates will be ivory-colored plastic.
16A-09 INDOOR LIGHTING
Lighting will be fluorescent and/or incandescent for the base building.
Lighting in tenant areas is not included.
16A-10 OUTDOOR LIGHTING
Building lighting will be provided for security lighting and provide
400 watt, high pressure sodium fixtures, energized at 277/480 volt with
photocell control and time clock override. High pressure sodium
fixtures will have integral ballasts. Fixtures will be pole-mounted in
parking areas. Provide lighting at sidewalks for pedestrians. Lighting
at the parking areas will be in accordance with the latest energy code
requirements, but will provide a minimum of 0.5 foot candles at the
remote parking areas.
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DIVISION 16 - ELECTRICAL (CONTINUED)
SECTION 16A - ELECTRICAL WORK (Continued)
16A-11 EMERGENCY LIGHTING AND POWER SYSTEM
Provide emergency power for exit lights, emergency lighting and fire
alarm system. Power source for emergency power shall be wet cell
batteries located in the electrical rooms or a natural gas fired, roof
mounted emergency generator as selected by the Landlord. Provide exit
lights, emergency lights and fire alarm at all common areas as required
by applicable codes. Exit lights, emergency lights and fire alarm
distribution at tenant areas are not included.
16A-12 TELEPHONE EQUIPMENT
Provide eight (8) 4" sleeves at each telephone room (or as designated
by the Tenant) through the second and third floor slabs.
Interconnection and telephone equipment will be by the telephone
company. Telephone interface will be the responsibility of the tenant
and will be installed in the tenant's space.
16A-13 FIRE ALARM SYSTEM
A local fully addressable fire alarm system with horn/light
combinations, pull stations and annunciator panel will be provided for
the base building. The main fire alarm panel and annunciator panel will
be sized to accommodate the tenant area. Location of horn/lights, pull
stations and annunciator panel shall be in accordance with applicable
codes and the local fire department's requirements. Connect to the
local fire department if available. Double shielded cable will be used.
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DIVISION 17
EXCLUSIONS
1. Power wiring for any special equipment or outlets other than those
specified in these Outline Specifications.
2. Special floor finishes, other than those previously mentioned.
3. Special wall finishes, other than those previously mentioned.
4. Special millwork items, other than those previously mentioned.
5. Health Department or other regulatory agency requirements resulting from
tenant's operations unknown to Xxxxxxxxx Construction Co., Inc.
6. Furniture, furnishings, etc.
7. Security, intercom or sound system.
8. Vending machines or provisions for such.
9. Kitchen equipment.
10. Moveable partitions.
11. Special exhaust systems.
12. Underfloor duct systems.
13. Drinking fountains, other than those specified.
14. Drywall partitions, including demising walls and painting for tenant areas.
15. Doors, frames and hardware for tenant areas.
16. Vinyl base for tenant areas.
17. Power distribution, lights, outlets, light switches, exit signs/lights, and
emergency lights at tenant areas.
18. Special modifications required for a day care center, if any.
19. Sprinkler piping and heads at tenant areas.
20. HVAC air terminal units, duct work, grilles and diffusers at tenant areas.
23
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"EXHIBIT C-1"
CERTIFICATE OF OWNER [ ]
SUBSTANTIAL ARCHITECT [ ]
COMPLETION CONTRACTOR [ ]
AIA DOCUMENT G704 FIELD [ ]
OTHER
--------------------------------------------------------------------------------
PROJECT: ARCHITECT:
(name, address)
ARCHITECT'S PROJECT NUMBER:
TO (Owner)
CONTRACTOR:
CONTRACT FOR:
CONTRACT DATE:
DATE OF ISSUANCE:
PROJECT OR DESIGNATED AREA SHALL INCLUDE:
The Work performed under this Contract has been reviewed and found to be
substantially complete. The Date of Substantial Completion is hereby established
as which is also the date of commencement of all warranties and guarantees
required by the Contract Documents.
--------------------------------------------------------------------------------
DEFINITION OF DATE OF SUBSTANTIAL COMPLETION
--------------------------------------------
The date of Substantial Completion of the Work or designated portion thereof is
the Date certified by the Architect when construction is sufficiently complete,
in accordance with the Contract Documents, so the Owner may occupy the Work or
designated portion thereof for the use for which it is intended.
--------------------------------------------------------------------------------
A list of items to be completed or corrected, prepared by the Contractor and
verified and amended by the Architect, is appended hereto. The failure to
include any items on such list does not alter the responsibility of the
Contractor to complete all Work in accordance with the Contract Documents.
___________________________ ___________________________ ____________________
ARCHITECT BY DATE
The Contractor will complete or correct the Work on the list of items appended
hereto within days from the above Date of Substantial Completion.
___________________________ ___________________________ ____________________
CONTRACTOR BY DATE
The Owner accepts the Work or designated portion thereof as substantially
complete and will assume full possession thereof at (time) on
(date).
___________________________ ___________________________ ____________________
OWNER BY DATE
--------------------------------------------------------------------------------
The responsibilities of the Owner and Contractor for maintenance, heat,
utilities and insurance shall be as follows: (NOTE - Owner's and Contractor's
legal and insurance counsel should determine and review insurance requirements
and coverage)
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EXHIBIT "C-2"
CERTIFICATE OF FINAL COMPLETION
Project: Unisphere Solutions, Inc. Lease Date: ___, 2000
Location: Technology Park Drive Date:
Westford, Massachusetts
Owner: Xxxxxx X. Xxxxxxxxx and Xxxx X. Xxxxxxx, Trade:
Class A Trustees, and Xxxxxx Stock and
Xxxx X. Xxxx, Class B Trustees, all as
Trustees of Xxxxxxxxx Farm-Westford
Technology Park Trust, under Declaration
of Trust dated October 1, 1984, recorded with
the Middlesex North District Registry of Deeds
in Book 2863, Page 235
( ) All work has been completed in accordance with Article III of the Lease.
( ) All work has been completed in accordance with Article III of the Lease,
except for that listed in attached schedule for which a credit has been
taken.
Final Inspection was made _________________ in the presence of:
Remarks:
Owner must have completed or corrected all punch list items or accepted credit
for unsatisfactory or incomplete work and submitted all Close-out Documents as
listed on Close-out Documents - Record & Transmittal Form.
This is to certify that Unisphere Solutions, Inc. will not be held responsible
for any bills, liens, claims or demands in connection with the above noted
project. All workmanship and materials are hereby guaranteed in accordance with
stipulations in the Contract Documents and Lease on Certificate of Substantial
Completion.
By:________________________________ By:_________________________________
Title:_____________________________ Title:______________________________
Date:______________________________ Date:_______________________________
NOTE: See also definition of Substantial Completion in Article III of the Lease.
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EXHIBIT "D"
LANDLORD'S SERVICES
I. CLEANING
A. General
1. All cleaning work will be performed between 8:00 AM and midnight,
Monday through Friday, unless otherwise necessary for stripping,
waxing, etc.
2. Abnormal waste removal (e.g., computer installation paper, bulk
packaging, wood or cardboard crates, refuse from cafeteria and
laboratory operations, etc.) shall be Tenant's responsibility.
B. Daily Operations (5 times per week)
1. Tenant Areas
a. Empty and clean all waste receptacles. Wash receptacles as
necessary.
b. Vacuum all rugs and carpeted areas.
c. Empty, damp-wipe and dry all ashtrays.
2. Lavatories
a. Sweep and wash floors with disinfectant.
b. Wash both sides of toilet seats with disinfectant.
c. Wash all mirrors, basins, bowls, urinals.
d. Spot-clean toilet partitions.
e. Empty and disinfect sanitary napkin disposal receptacles.
f. Refill toilet tissue, towel, soap and sanitary napkin
dispensers.
3. Public Areas
a. Wipe down entrance doors and clean glass (interior and
exterior).
b. Vacuum elevator carpets and wipe down doors and walls.
C. Operations as Needed (but not less than every other day)
1. Tenant and Public Areas
a. Buff all resilient floor areas every other day.
b. Clean water coolers.
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D. Weekly Operations
1. Tenant Areas, Lavatories, Public Areas
a. Hand dust and wipe clean all horizontal surfaces with
treated cloths to include furniture, office equipment,
window xxxxx, door ledges, chair rails, baseboards,
convector tops, etc. within normal reach.
b. Remove finger marks from private entrance doors, light
switches, and doorways.
c. Sweep all stairways.
E. Monthly Operations
1. Tenant and Public Areas
a. Thoroughly vacuum seat cushions on chairs, sofas, etc.
b. Vacuum and dust grillwork.
2. Lavatories
a. Wash down interior walls and toilet partitions.
F. As Required and Weather Permitting (but not less than three times per
year)
1. Entire Building
a. Clean inside of all windows.
b. Clean outside of all windows.
G. Yearly
1. Tenant and Public Areas
a. Strip and wax all resilient tile floor areas.
II. HEATING, VENTILATING AND AIR CONDITIONING
1. Heating, ventilation and air conditioning (HVAC) as required to
provide reasonably comfortable temperatures for normal business
day occupancy (except holidays), Monday through Friday, from 8:00
AM to 6:00 PM and Saturday from 8:00 AM to 1:00 PM. Tenant shall
be operating HVAC systems beyond the hours specified above and
any additional maintenance or services associated with such
overtime use shall be furnished by Landlord provided that the
additional costs thereof are chargeable to Tenant pursuant to the
provisions of Sections 4.2 and 5.1.2 Note: Cost of electricity to
be paid directly by Tenant to utility company.
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2. Maintenance on any additional or special air conditioning equipment
and the associated operating cost will be at Tenant's expense.
III. WATER
1. Prior to the commencement of the Term hereunder, Landlord is
responsible for providing water up to, but not including, Tenant's
water meter, such that hot water for lavatory purposes and cold water
for drinking, lavatory and toilet purposes are available. Thereafter,
Tenant is responsible for all water and sewer charges consumed in the
leased premises, as measured by Tenant's water meter.
2. The cost of the repair or replacement of a hot water heater which
supplies hot water exclusively in a sink in Tenant's Premises will be
the responsibility of Tenant.
IV. ELEVATORS
Elevators for the use of all tenants and the general public for access to
and from all floors of the Building, programming of elevators (including,
but not limited to, service elevators), shall be as Landlord from time to
time reasonably determines best for the Building as a whole, Landlord
hereby agreeing that Tenant may provide input in connection therewith.
V. RELAMPING OF LIGHT FIXTURES
Tenant will reimburse Landlord for relamping, ballasts and starters within
the Premises.
VI. CAFETERIA, VENDING AND PLUMBING INSTALLATIONS; LABORATORY
1. Any space to be used primarily for lunchroom or cafeteria operation
(currently estimated at 3,000 square feet) shall be Tenant's
responsibility to keep clean and sanitary, unless otherwise mutually
agreed upon in writing by Landlord and Tenant. Cafeteria, vending
machines or refreshment service installations by Tenant must be
approved by Landlord in writing, Landlord hereby acknowledging and
agreeing that it shall approve a cafeteria in connection with the
Tenant's Plans. All maintenance, repairs and additional cleaning
necessitated by such installations shall be at Tenant's expense.
2. Tenant is responsible for the maintenance and repair of plumbing
fixtures and related equipment installed in the Premises for its
exclusive use (such as in coffee room, cafeteria, laboratory, or
employee exercise area, if applicable), and all of such other fixtures
described as Tenant's Property in Section 6.1.13.
3. Any space to be used primarily for laboratory operations (currently
estimated at 30,000 square feet) shall be Tenant's responsibility to
keep clean and neat, unless otherwise mutually agreed upon in writing
by Landlord and Tenant.
3
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VII. ELECTRICITY
1. Tenant shall pay for all electricity and gas consumed in the Premises
directly to the respective utility providers.
2. Tenant's use of electrical service in the Premises shall not at any
time exceed the capacity of any of the electrical conductors or other
equipment in or otherwise serving the Premises or the Building
standard, as hereinafter provided. To ensure that such capacity is not
exceeded and to avert possible adverse effects upon the Building's
electrical system, Tenant shall not, without at least ten (10) days
prior written notice to and consent of Landlord in each instance,
connect to the Building electric distribution system any fixtures,
appliances or equipment which operates on a voltage in excess of 120
volts nominal, or which requires a single (dedicated) circuit, or make
any alteration or addition to the electric system of the Premises. In
the event Tenant shall use (or request that it be allowed to use)
electrical service in excess of that deemed by Landlord to be standard
for the Building, Landlord may refuse to provide such excess usage or
refuse to consent to such usage or may consent upon such conditions as
Landlord reasonably elects (including but not limited to the
installation of utility service upgrades, submeters, air handlers or
cooling units), and all such additional usage (except to the extent
prohibited by law), installation and maintenance thereof shall be paid
for by Tenant, as additional rent, upon Landlord's demand.
3. It is understood that the electrical service to the Premises may be
furnished by one or more suppliers of electricity and that the cost of
electricity may be billed as a single charge or divided into and
billed in a variety of categories such as distribution charges,
transmission charges, generation charges, public good charges and
other similar categories and may also include a reasonable fee,
commission or other charge by a broker, aggregator or other
intermediary for obtaining or arranging the supply of electricity.
Landlord shall, upon Tenant's prior approval (not to be unreasonably
withheld or delayed) so long as Tenant remains the sole tenant of the
Building, have the right to select the supplier of electricity to the
Building, Premises and Lot, and, as Tenant's agent, to designate the
same to a local utility, to aggregate the supply of electricity for
the Building, Premises and Lot with other buildings, to purchase
electricity for the Building, Premises and Lot through a broker,
aggregator or other intermediary and/or buyers group or other group
and to change the supplier of electricity and/or manner of purchasing
electricity from time to time.
If Landlord undertakes activities for the purpose of reducing
Landlord's or Tenant's operating costs (such as negotiating an
agreement with a utility or another energy supplier or engaging an
energy consultant or undertaking conservation or other energy
efficient measures that may require capital expenditures), Tenant
shall pay its proportionate share of all costs and expenses associated
with such actions (including but not limited to brokers' commissions,
legal fees and capital expenditures), as additional rent, as and when
payment is made by Landlord, so long as Tenant's approval has been
obtained by Landlord in advance, which such approval shall not be
unreasonably withheld or delayed by Tenant and which such approval of
Tenant shall only be required so long as Tenant remains the sole
tenant of the Building.
4
90
4. Utility lines and other facilities that supply the Premises, whenever
installed, may be the subject of a requirement that the owner of the
Premises make payments for the lines or other facilities upon the
occurrence of certain events, if, for example, a tenant utilizing such
facilities discontinues purchasing energy from the provider of the
facilities, Landlord may be required to enter into agreements that
would obligate it to make such payments in the future. Landlord agrees
to notify the Tenant of any such agreements, any amendments,
modifications, replacements or substitutions thereto, Landlord hereby
acknowledging that there are no such agreements currently in force or
effect. If such payments are required, whether based on contract or
tariff, from Landlord with respect to such facilities that are
utilized by the Tenant, the Landlord shall so inform Tenant in
writing, and the Tenant thereby agrees that it shall reimburse the
Landlord for its proportionate share of all such payments as
additional rent, when and as made by the Landlord, with no profit to
Landlord.
5. As used in this Section VII, the term "supplier(s) of electricity"
shall mean one or more companies (including but not limited to an
electric utility, generator, independent or non-regulated company or
intermediary or broker or group) that provides electricity to the
Premises or to the Landlord to be provided to the Premises, as the
case may be.
VIII. SNOW REMOVAL AND LANDSCAPING
As may be necessary and consistent with the other lots in the Park to
provide landscaping services and snow removal on the Lot.
5
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EXHIBIT "E"
RULES AND REGULATIONS
1. No curtains, blinds, shades, screens, or signs other than those furnished
by Landlord shall be attached to, hung in, or used in connection with any
window or door of the Premises without the prior written consent of the
Landlord. All interior Tenant signage is at Tenant's expense and must be
installed or affixed by a contractor first approved by Landlord acting
reasonably and without delay. The style, size and color of any interior
signage visible from the exterior of the Premises must also be reasonably
acceptable to Landlord.
2. As well as any security (door access) system provided and installed by
Tenant, as reasonably approved by Landlord, Tenant shall be allowed to
place additional locks or bolts upon doors and windows within the Premises.
Tenant recognizes that these additional locks and bolts could prove to be a
hindrance to Landlord providing building services such as cleaning and
maintenance. Tenant must, upon the termination of its tenancy and provide
Landlord all Building access cards and keys either furnished to or
otherwise procured by Tenant; and in the event of the loss of any keys so
furnished, Tenant shall pay to Landlord the reasonable cost thereof.
3. Canvassing, soliciting and peddling in the Building are prohibited, and
Tenant shall cooperate to prevent the same.
4. Tenant shall comply with all reasonably necessary security measures from
time to time established by Landlord for the Park.
5. Tenant agrees that there shall be no smoking allowed anywhere in the
Building.
6. Tenant shall comply with the Park Covenants attached hereto as Exhibit "I",
provided that such compliance is within Tenant's control, Landlord hereby
acknowledging and agreeing, as set forth in Section 10.18, that Landlord's
construction of the Landlord's Work and Tenant's Work shall be in
compliance therewith.
92
EXHIBIT "F"
OPTION TO EXTEND
The Tenant has the option to extend this Lease for two (2) successive five
(5) year terms ("Extended Terms", and separately the "First Extended Term" and
the "Second Extended Term"), the exercise of each of which shall automatically
extend the term of this Lease without the necessity of additional documentation.
So long as there does not exist any Event of Default hereunder at such time, and
except as otherwise set forth in Article VII of this Lease, the option to extend
shall be deemed to have been exercised as to the First Extended Term by Tenant's
notification to Landlord that it elects to exercise its first option to extend
at least twelve (12) months but not more than eighteen (18) months prior to the
end of the initial Term hereunder, and as to the Second Extended Term by
Tenant's notification to Landlord that it elects to exercise its second option
to extend at least twelve (12) months but not more than eighteen (18) months
prior to the end of the First Extended Term. Each Extended Term shall be upon
the same terms and conditions as are set forth in this Lease, including, without
limitation, the Tenant's obligations to pay Operating Cost Escalation set forth
in Section 4.2, except that (i) there shall be no additional option to extend
after the termination of the Second Extended Term or the failure to exercise the
first option, whichever shall first occur, (ii) the annual Fixed Rent for the
First Extended Term shall be equal to the Market Rent (as defined in and
determined in accordance with Exhibit P), and (iii) the annual Fixed Rent for
the Second Extended Term shall be equal to the Market Rent (as defined and
determined in accordance with Exhibit P). In no event, however, shall the annual
Fixed Rent and additional rent for the First Extended Term and for the Second
Extended Term be less than the rent then in effect as of the last day
immediately preceding the First Extended Term or Second Extended Term, as
applicable.
93
EXHIBIT "G"
ESTOPPEL CERTIFICATE
THIS CERTIFICATE is made to ___________________________ (the "Bank") with
respect to a lease dated _________________ execute by and between
________________________ (the "Landlord") and the undersigned (as "Tenant"),
covering a building (a portion of a building) located in _____________ (the
"Lease"), as amended by (list all amendments):
The undersigned has been advised that the Bank is about to enter into a
transaction whereby the Bank is making a loan secured by the aforesaid real
estate and the Lease to the undersigned, and under which the Bank may acquire an
ownership interest in such real estate. In connection with this transaction, the
entire interest of the Landlord under the Lease to the undersigned will be
assigned to the Bank. The undersigned acknowledges that the Bank is and will be
relying upon the truth, accuracy and completeness of this letter in proceeding
with the transaction described above.
The undersigned, for the benefit of the bank, their successors and assigns,
hereby certifies, represents, warrants, agrees and acknowledges that:
1. The Lease is in full force and effect in accordance with its terms
without modification or amendment except as noted above and the undersigned is
the holder of the Tenant's interest under the Lease.
2. The undersigned is in possession of all of the Premises described in
the Lease under and pursuant to the Lease and is doing business thereon; and the
premises are completed as required by the Lease.
3. The undersigned has no claims or offsets with respect to any of its
obligations as Tenant under the Lease, and neither the undersigned nor the
Landlord is claimed to be in default under the Lease.
4. The undersigned has not paid any rental or installments thereof in
advance of the due date as set forth in the Lease.
5. The undersigned has no notice of prior assignment, hypothecation or
pledge of rents of the Lease or the Landlord's interest thereunder or of the
Tenant's interest thereunder.
6. The term of the Lease has commenced and is presently scheduled to
expire on __________, ____. If there are any rights of extension or renewal
under the terms of the Lease, the same have not, as of the date of this letter,
been exercised.
7. Until such time as the Bank shall become the Landlord, if the
undersigned should assert a claim that the Landlord has failed to perform an
obligation to the undersigned under the terms of the Lease or otherwise, notice
thereof shall promptly be furnished to the Bank; and the undersigned agrees that
the undersigned will not exercise any rights which the undersigned might
otherwise have on account
94
of any such failure until notice thereof has been given to the Bank, and the
Bank has had the same opportunity to cure any such failure as the Landlord may
have under the terms of the Lease.
8. Each of the statements set forth in Paragraphs 1 through 7 are true,
accurate and complete except as follows (state specifically any exception):
DATED
ATTEST:
By:
----------------------------------
Its:
---------------------------------
2
95
EXHIBIT "H"
INTENTIONALLY DELETED
96
EXHIBIT "I"
PARK COVENANTS
Landlord agrees with Tenant to enforce, or cause to be enforced, these Park
Covenants with all due diligence to preserve the quality and appearance of the
Park.
The Lot is approximately ________________ (____) acres and is located in an
approximately ninety (90) acre office/research and development park shown on the
Plan of the Park attached hereto as part of Exhibit A and more particularly
described therein and elsewhere in this Lease, as the same, including without
limitation the Common Areas of the Park, may be amended by Landlord from time to
time in accordance with and subject to the provisions of Section 2.1 of this
Lease.
All lots of land comprising the Park (which lots, including without
limitations the Lot, are individually called the "Parcel" and collectively the
"Parcels") are subject to the following restrictions which shall bind Xxxxxxxxx
Farm-Westford Technology Park Trust (collectively "Grantor") as original owner
of the Park and its successors in title.
A. All parcels shall have facilities for parking, loading and unloading
sufficient to serve any uses of the Parcels without using adjacent streets for
such purpose. On-street parking shall be prohibited. All parking, trucking and
vehicular maneuvering areas for a Parcel shall be contained within such Parcel.
B. No exterior loading platforms shall be visible from any primary way or
proposed primary way serving the Park. Screening and planting may be used for
this purpose.
C. No open or outside storage shall be done on any Parcel, other than
normal and customary trash compactors and containers on locations to be
reasonably approved by Landlord in advance.
D. Signs shall conform to the sign ordinances of the Town of Westford.
Any variance from such ordinance granted by the Town of Westford must also be
approved by Grantor in the manner provided below in Section I.
E. No condition or use of any Parcel will be permitted which is
objectionable by reason of noise, odor, vibration, smoke, radiation, the
hazardous nature of the use, or the violation of environmental laws or
regulations adopted by the Town of Westford, the Commonwealth of Massachusetts,
the Federal Government or any Court.
F. All utilities serving a Parcel shall be placed underground, unless
prohibited by the utility company. Any exterior lighting on a Parcel shall
either be indirect or of such controlled focus and intensity as not to disturb
street traffic or the occupancy of any adjacent Parcel.
G. The exterior appearance of any buildings in the Park, including
landscaping thereon, shall be kept neat and orderly and free from litter.
H. No building, exterior sign, fence, wall, exterior lighting or other
structure shall be erected or allowed to maintain on any portion of the Park or
exterior structural alteration or addition made,
97
except pursuant to plans approved in writing by Grantor as to landscaping,
parking and architectural conformity with existing buildings in the Park.
I. The Grantor may from time to time by written instrument in recordable
form grant variance from any one or more of these restrictions (except
restriction H for which variances may not be granted) where the Grantor
reasonably determines that the variance can be granted without substantial
detriment to the intent and purpose of the restrictions and without substantial
detriment to the Land, and portions of the Park theretofore built upon.
J. Written approval by the Grantor as to any buildings, signs,
structures, alterations, additions and landscaping approved by Grantor in good
faith shall be conclusive evidence of compliance with these restrictions. The
Grantor agrees to furnish to any grantee such written instruments in recordable
form as may reasonably be requested by the grantee as evidence of such
compliance.
K. The term "Grantor", as herein used, shall mean Xxxxxx X. Xxxxxxxxx and
Xxxx X. Xxxxxxx, Class A Trustees, and Xxxxxx Stock and Xxxx X. Xxxx, Class B
Trustees, all as Trustees of Xxxxxxxxx Farm-Westford Technology Park Trust,
u/d/t dated October 1, 1984 and recorded with the Middlesex North District
Registry of Deeds in Book 2863, Page 235, and any of its successors in title to
whom the Grantor has expressly granted of record the rights to enforce these
restrictions.
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EXHIBIT "J"
LESSEE'S LEASE STATEMENT
AND
SUBORDINATION, NON-DISTURBANCE AND ATTORNMENT AGREEMENT
THIS AGREEMENT is made and entered into as this ____ day of ___________,
2000, by and among ______________________________, a ___________________________
(hereinafter called the ("Lender"), ________________________ (hereinafter called
the "Tenant") and ______________________________ (hereinafter called the
"Landlord").
WITNESSETH
WHEREAS, Landlord owns certain real property commonly known as
_______________, ________________________ and located in _____________ County,
Massachusetts, and more particularly described in Exhibit "A" attached hereto
and made a part hereof (said property being hereinafter called the "Property");
and
WHEREAS, Landlord and Tenant made and entered into that certain Lease,
dated as of the ___ day of ____________, 2000, with respect to certain premises
located on the Property constituting the Premises therein described, as the same
may be expanded pursuant to Exhibit "R" of the Lease (said Lease being
hereinafter called the "Lease" and said premises being hereinafter called the
"Leased Premises"), notice of which was recorded in the Middlesex _________
Registry of Deeds on _________________, 2000 as Instrument No. _______; and
WHEREAS, Landlord has entered into and delivered that certain Mortgage and
Security Agreement in favor of Lender recorded in the Middlesex _________
Registry of Deeds on _______________, 2000 as Instrument No. ______ prior to the
recording of this Agreement (said Mortgage and Security Agreement being
hereinafter called the "Security Deed"), conveying the Property to secure the
payment of the indebtedness described in the Security Deed; and
WHEREAS, on or about the date hereof, Landlord has entered into and
delivered that certain Assignment of Leases and Rents in favor of Lender
recorded in the Middlesex _______ Registry of Deeds on _______________, _______
as Instrument No. _________ prior to the recording of this Agreement (said
Assignment of Leases and Rents being hereinafter called the "Assignment of
Leases"), assigning all of Landlord's right, title and interest as lessor under
the Lease to further secure the indebtedness described in the Security Deed; and
WHEREAS, the Lender represents that it is the sole holder of the Security
Deed and the Promissory Note and other loan documents secured thereby; and
WHEREAS, the parties hereto desire to enter into this Non-Disturbance,
Attornment and Subordination Agreement;
99
NOW, THEREFORE, for and in consideration of the mutual covenants
hereinafter set forth and other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, Lender, Tenant and Landlord hereby
covenant and agree as follows:
1. ESTOPPEL - Tenant hereby certifies to Lender that, as of the date of
this Agreement: (i) the Lease, as described above, is the true, correct and
complete Lease and has not been modified or amended and constitutes the entire
agreement between Landlord and Tenant, (ii) to the best of Tenant's knowledge,
without inquiry, there are no defaults of Landlord under the Lease and there are
no existing circumstances which with the passage of time, or giving of notice,
or both, would give rise to a default under the Lease and/or allow Tenant to
terminate the Lease, and (iii) Tenant is satisfied with all of the work done by
and required of Landlord to date, such work has been done in accordance with
plans and specifications approved by Tenant, and as of the date hereof Tenant is
not aware of any defect in the work or has not rejected any of the work done by
Landlord on the Leased Premises. If this Agreement is being delivered prior to
completion of all of Landlord's Work (as such term is defined in the Lease) on
the Leased Premises, Tenant agrees that, promptly after request of the Lender
therefor, it will provide an estoppel certificate to Lender following completion
of such work indicating whether Tenant has accepted the work and begun payment
of rent.
2. NON-DISTURBANCE - Lender agrees that if Lender comes into possession
of or acquires title to all or any part of the Leased Premises or the Lot (as
defined in the Lease) as a result of foreclosure or other enforcement of the
Security Deed or the Assignment of Leases, or both, then so long as no default
under the Lease by Tenant exists and continues beyond the expiration of all
applicable cure periods (after notice, if any, required by the Lease) as would
entitle the lessor under the Lease to terminate the Lease or would cause,
without any further action on the part of such lessor, the termination of the
Lease or would entitle the lessor under the Lease to exercise any other remedy
available to it on account of Tenant defaults under the Lease, the Lease shall
not be terminated, nor shall Tenant's use, possession or enjoyment of the Leased
Premises and appurtenant rights and interests or rights under the Lease be
interfered with. Following a foreclosure or other action or proceeding in the
nature of foreclosure instituted under or in connection with the Security Deed
or the Assignment of Leases, or the acquisition of title to the Leased Premises,
the person or entity acquiring the interest of the lessor under the Lease as a
result of any such action or proceeding or deed in lieu of any such action or
proceeding (hereinafter called the "Purchaser") or Lender if Lender takes
possession of the Property shall have all rights and obligations of Landlord
under the Lease, except as expressly otherwise set forth herein, provided,
however, that neither the Purchaser nor the Lender shall be (a) liable for any
act or omission of any prior lessor under the Lease provided that nothing herein
shall relieve such Purchaser or Lender from curing any continuing defaults of
lessor after receipt of requisite notices from Tenant, all in accordance with
the Lease; or (b) liable for the return of any security deposit which lessee
under the Lease has paid under the Lease unless such security deposit is
received by Lender; or (c) subject to any offsets or defenses which the lessee
under the Lease might have against any prior lessor under the Lease unless
Lender has received prior written notice of the offset or defense and
opportunity to cure the same in accordance with Section 7 below; or (d) bound by
any base rent, or any other payments which the lessee under the Lease might have
paid for more than the current month to any prior lessor under the Lease; or (e)
bound by any amendment or modification of the Lease made without Lender's prior
written consent (Lender hereby agreeing not to unreasonably withhold or delay
its consent); or (f) bound by any assignment or sublease of the lessee's
interest in the Lease made without obtaining Lender's prior written consent
(such consent not to be unreasonably withheld or delayed), except where the
consent of the Landlord is
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not required pursuant to the provisions of Section 6.1.6 of the Lease (in which
event no consent of Lender shall be required); or (g) personally liable for any
default under the Lease or any covenant or obligation on its part to be
performed thereunder as lessor, it being acknowledged that Tenant's sole remedy
in the event of such default shall be to proceed against Purchaser's or Lender's
interest in the Property and the rents, or other proceeds arising therefrom.
In the event that Lender acquires title to or possession of all or any part
of the Leased Premises, whether pursuant to a foreclosure proceeding or
otherwise, then within thirty (30) days thereafter, the Lender may elect to
deliver a written notice to the Tenant stating that either (i) the Lender
intends to perform the construction obligations of the Landlord set forth in
Article III of the Lease (the "Construction Obligations"), or (ii) the Lender
does not intend to perform the Construction Obligations. A notice delivered by
the Lender pursuant to clause (i) is referred to herein as an "Opt-In
Construction Notice" and a notice delivered by the Lender pursuant to clause
(ii) is referred to herein as an "Opt-Out Construction Notice".
In the event that the Lender does not deliver either an Opt-Out
construction Notice or an Opt-In Construction Notice to the Tenant within said
thirty (30) days after acquisition of title or possession, then Tenant may elect
to deliver a written request (a "Construction Confirmation Request") to the
Lender, requesting that Lender deliver either an Opt-Out Construction Notice or
an Opt-In Construction Notice.
If either (a) Lender delivers an Opt-Out Construction Notice to Tenant as
aforesaid, or (b) Lender does not deliver an Opt-In Construction Notice to
Tenant by not later than thirty (30) days after receipt of Tenant's Construction
Confirmation Request, then Lender shall not be obligated to perform the
Construction Obligations in accordance with the terms and provisions the Lease.
If Lender delivers an Opt-In Construction Notice as aforesaid, then Lender shall
be obligated to perform the Construction Obligations in accordance with the
terms and provisions of the Lease. If Lender timely delivers an Opt-Out
Construction Notice to Tenant by not later than thirty (30) days after receipt
of Tenant's Construction Confirmation Request as aforesaid, or Lender does not
deliver an Opt-In Construction Notice to Tenant by not later than thirty (30)
days of its receipt of Tenant's Construction Confirmation Request, then (a)
Lender shall have no obligation to perform the Construction Obligations, and (b)
Tenant may elect to terminate the Lease by providing written notice of such
election to Lender. If Tenant elects to terminate the Lease, the Lease shall be
terminated effective as of the date specified in Tenant's notice. Thereafter the
Lease shall be null and void and of no further force or effect, and neither the
Tenant nor the Lender shall have any further liabilities or obligations
thereunder.
If (a) Lender sells, conveys, assigns, pledges or transfers its interest in
the Loan, or (b) Lender sells the Leased Premises, or any part thereof, at a
foreclosure sale, or (c) if Lender acquires title to the Leased Premises and
subsequently conveys the Leased Premises, then, in any such event, concurrently
with such transaction, Lender shall transfer, assign and convey all right, title
and interest of the Lender in and to the Security Deposit then held by it, if
applicable, to such purchaser, assignee, or transferee. Notwithstanding anything
to the contrary contained in this Section, if Lender so transfers, assigns or
conveys all right, title and interest of the Lender in and to the Security
Deposit, if applicable, as aforesaid, then Lender shall have no liability for
the return of the Security Deposit.
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3. ATTORNMENT - Unless the Lease is terminated in accordance with
Paragraph 2 or in accordance with the terms of the Lease, if the interests of
the lessor under the Lease shall be transferred by reason of the exercise of the
power of sale contained in the Security Deed (if applicable), or by any
foreclosure or other proceeding for enforcement of the Security Deed, or by deed
in lieu of foreclosure or such other proceeding, or if Lender takes possession
of the Property pursuant to any provisions of the Security Deed, Tenant shall be
bound to the Purchaser or Lender, as the case may be, under all of the terms,
covenants and conditions of the Lease for the balance of the term thereof and
any extensions or renewals thereof which may be effected in accordance with any
option therefor in the Leases with the same force and effect as if the Purchaser
or Lender were the lessor under the Lease, and Tenant, as lessee under the
Lease, does hereby agree to attorn to the Purchaser and Lender if it takes
possession of the Property, as its lessor under the Lease. Such attornment shall
be effective and self-operative without the execution of any further instruments
upon succession by Purchaser to the interest of the lessor under the Lease or
the taking of possession of the Property by Lender. Nevertheless, Tenant shall,
from time to time, execute and deliver such instruments evidencing such
attornment as Purchaser or Lender may reasonably require. The respective rights
and obligations of Purchaser, Lender and of the lessee under the Lease upon such
attornment, to the extent of the then remaining balance of the term of the Lease
and any such extensions and renewals, shall be and are the same as now set forth
in the Lease, except as otherwise expressly provided in Paragraph 2 above.
4. SUBORDINATION - Subject to the provisions of this Agreement, Tenant
hereby subordinates all of its rights, title and interest as lessee under the
Lease to the right, title and interest of Lender under the Security Deed, and
Tenant further agrees that the Lease now is and shall at all times continue to
be subject and subordinate in each and every respect to the Security Deed and to
any and all increases, renewals, modifications, extensions, substitutions,
replacements and/or consolidations of the Security Deed and to all sums secured
thereby with the same force and effect as if the Security Deed had been
executed, delivered and recorded prior to the execution and delivery of the
Lease.
5. OTHER CONDITIONS - Notwithstanding anything to the contrary contained
in this Agreement or in the Lease, Lender, Tenant and Landlord agree: (a) that
to the extent required by the Lease, and provided that (i) Tenant has not
defaulted in the payment of rent or other charges under the Lease, (ii) Landlord
has not defaulted in the payment of debt service or other payments under the
loan documents and (iii) neither Landlord or Tenant has filed a voluntary
petition in bankruptcy under Title 11 of the United States Code or had an order
for relief issued against it and not dismissed within thirty (30) days of
issuance or has filed any petition or answer seeking or acquiescing in any
reorganization, arrangement, composition, readjustment, liquidation, dissolution
or similar relief for itself under any present or future federal, state or other
law or regulation relating to bankruptcy, insolvency or other relief of debtors
or consented or acquiesced in the appointment of any custodian, trustee,
receiver, conservator or liquidator for it or all or any substantial part of its
property or made an assignment for the benefit of creditors, then in the event
of an insured casualty to the Leased Premises, and if Landlord satisfies the
conditions provided for hereafter, Lender shall hold the balance of any casualty
proceeds after proof and adjustment and shall use such funds for the following
purposes: (x) to pay costs and obligations secured by the Security Deed (the
"Secured Obligations") as such become due during the course of reconstruction or
repair of the Leased Premises (y) to reimburse Landlord, in accordance with the
terms and conditions set forth below, for the costs of reconstruction or repair
of the Leased Premises, and (z) upon completion of such reconstruction or
repair, to apply any excess to the payment of the Secured Obligations. Such
funds shall be made available as provided above upon the Landlord's prior
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satisfaction of such conditions as the Lender may reasonably establish with
respect thereto (each of which must be complied with in a manner reasonably
satisfactory to the Lender, with all documents, instruments, agreements, or
evidence to be in form and substance satisfactory to the Lender), including
without limitation, the following (hereinafter referred to as the "Funding
Requirements"):
(i) delivery of estoppel certificate(s) or other satisfactory
evidence that the Lease remains in full force and effect and will
remain in full force and effect after such repair and restoration,
without any right of termination or cancellation during the projected
course of said repair or restoration;
(ii) delivery of plans and specifications, construction budget,
construction contract, and construction schedule for such repair and
restoration, satisfactory to Lender;
(iii) delivery of evidence of compliance with all applicable state,
federal, and local laws, ordinances and regulations relating to such
repair and restoration, and the issuance of all required permits,
licenses and approvals relative thereto;
(iv) delivery of evidence of the availability of any funds necessary
to complete such repairs and restoration in excess of such proceeds,
which funds, at the request of the Lender, shall be deposited with the
Lender to be disbursed with such proceeds;
(v) builder's all risk insurance;
(vi) rent loss insurance sufficient to pay all operating costs and
debt service confirmed by the insurer to be available for the period
of repair and restoration;
(vi) evidence that the insurer under such policies of fire or other
casualty insurance does not assert any defense to payment under such
policies against Lender, Landlord or any tenant of the Leased
Premises;
(vii) execution of any documentation deemed reasonably necessary by
the Lender to provide for the disbursement of such funds in a manner
typical to a construction loan;
(viii) delivery of evidence that the repair or restoration can be
completed prior to the then applicable maturity date of the note;
(ix) Landlord delivers to Lender a written undertaking to
expeditiously commence and to satisfactorily complete with due
diligence the necessary restoration; and
(x) compliance of such other reasonable non-financial terms and
conditions customary for construction loans of the size and scope
involved with such repairs and restoration.
6. ASSIGNMENT OF LEASES - Tenant hereby acknowledges that all of
Landlord's right, title and interest as lessor under the Lease is being duly
assigned to Lender pursuant to the terms of the Assignment of Leases, and that
pursuant to the terms thereof all rental payments under the Lease shall
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103
continue to be paid to Landlord in accordance with the terms of the Lease unless
and until Tenant is otherwise notified in writing by Lender. Upon receipt of any
such written notice from Lender, Tenant covenants and agrees to make payment of
all rental payments then due or to become due under the Lease directly to Lender
or to Lender's agent designated in such notice and to continue to do so until
otherwise notified in writing by Lender. Landlord hereby irrevocably directs and
authorizes Tenant to make rental payments directly to Lender following receipt
of such notice and covenants and agrees that Tenant shall have the right to rely
on such notice without any obligation to inquire as to whether any default
exists under the Security Deed or the Assignment of Leases or the indebtedness
secured thereby, and notwithstanding any notice of claim of Landlord to the
contrary, that Landlord shall have no right or claim against Tenant for or by
reason of any rental payments made by Tenant to Lender following receipt of such
notice. Except as otherwise specifically set forth in the Lease, Tenant further
acknowledges and agrees: (a) that under the provisions of the Assignment of
Leases, the Lease cannot be terminated (nor can Landlord accept any surrender of
the Lease) or modified in any of its terms, or consent be given to the waiver or
release of Tenant from the performance or observance of any obligation under the
Lease without the prior written consent of Lender, and without such consent, no
rent may be collected or accepted by Landlord more than one month in advance;
and (b) that the interest of Landlord as lessor under the Lease has been
assigned to Lender for the purposes specified in the Assignment of Leases, and
Lender assumes no duty, liability or obligation under the Lease, except only
under the circumstances, terms and conditions specifically set forth in the
Assignment of Leases or this Agreement.
7. NOTICE OF DEFAULT BY LESSOR - Tenant, as lessee under the Lease,
hereby covenants and agrees to give Lender written notice properly specifying
wherein the lessor under the Lease has failed to perform any of the covenants or
obligations of the lessor under the Lease simultaneously with the giving of any
notice of such default to the lessor under the provisions of the Lease. Tenant
agrees that Lender shall have the right, but not the obligation, within thirty
(30) days after receipt by Lender of such notice (or, with respect to
non-monetary defaults only, within such additional time as is reasonably
required to correct any such default) to correct or remedy, or cause to be
corrected or remedied, each such default before the lessee under the Lease may
take any action under the Lease by reason of such default; provided however, in
no event shall such time extend for more than sixty (60) days after Tenant
provides such notice to Lender, except if Lender has commenced to cure any such
non-monetary default under the Lease (which shall in no event include
foreclosure or exercise of other remedies available under the Security Deed)
within thirty (30) days after such written notice to Lender and is diligently
proceeding to cure such default and such non-monetary default cannot be cured
within sixty (60) days despite such diligent efforts to cure on the part of
Lender, in which event such time period may be extended for an additional period
of not more than thirty (30) days. Such notices to Lender shall be delivered in
duplicate in writing by registered or certified mail, return receipt requested,
or by depositing the same with an overnight commercial courier (such as Federal
Express) or by hand delivery to:
________________________
________________________
________________________
Attention:______________
or to such other address as the Lender shall have designated to Tenant by giving
written notice to Tenant, prior to the Term Commencement Date at:
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104
________________________
________________________
________________________
Attention:______________
after the Term Commencement Date at:
________________________
________________________
________________________
Attention:______________
or to such other address as may be designated by written notice from Tenant to
Lender.
8. NO FURTHER SUBORDINATION - Except as expressly provided to the
contrary in Paragraph 4 hereof, Landlord and Tenant covenant and agree with
Lender that there shall be no further subordination of the interest of lessee
under the Lease to any lender or to any other party without first obtaining the
prior written consent of Lender. Any attempt to effect a further subordination
of lessee's interest under the Lease without first obtaining the first written
consent of Lender shall be null and void.
9. CONSENT - Lender hereby consents to the Lease.
10. TRADE FIXTURES OR EQUIPMENT - The lien of the Security Deed does not
encumber any trade fixtures or equipment used by Tenant in its business on the
Property.
11. AS TO LANDLORD AND TENANT - As between Landlord and Tenant, Landlord
and Tenant covenant and agree that nothing herein contained nor anything done
pursuant to the provisions hereof shall be deemed or construed to modify the
Lease.
12. AS TO LANDLORD AND LENDER - As between Landlord and Lender, Landlord
and Lender covenant and agree that nothing herein contained nor anything done
pursuant to the provisions thereof shall be deemed or construed to modify the
Security Deed or the Assignment of Leases.
13. TITLE OF PARAGRAPHS - The titles of the paragraphs of this agreement
are for convenience and reference only, and the words contained therein shall in
no way be held to explain, modify, amplify or aid in the interpretation,
construction or meaning of the provisions of this agreement.
14. GOVERNING LAW - This agreement shall be governed by and construed in
accordance with the laws of the Commonwealth of Massachusetts.
15. PROVISIONS BINDING - The terms and provisions hereof shall be binding
upon and shall inure to the benefit of the heirs, executors, administrators,
successors and permitted assigns, respectively, of Lender, Tenant and Landlord.
The reference contained to successors and assigns of
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105
Tenant is not intended to constitute and does not constitute a consent by
Landlord or Lender to an assignment by Tenant where such consent is required
under the Lease, but has reference only to those instances in which the lessor
under the Lease and Lender shall have given written consent to a particular
assignment by Tenant thereunder where such consent is required under the Lease.
In the event of any transfer of the Security Deed or the note secured
thereby, the Lender shall transfer and deliver to the transferee any security
deposit under the Lease held by Lender or its agent, and provided the transferee
assumes the obligations of Lender hereunder or otherwise recognizes the
provisions hereof by written instrument, Lender shall thereupon become freed and
relieved of all covenants and obligations of the Lender hereunder, except with
respect to any breaches of this Agreement as shall have theretofore occurred.
16. COUNTERPARTS - This Agreement may be executed in two or more
counterparts, each of which shall be deemed an original, but all of which
together shall constitute one and the same instrument.
17. MODIFICATION - This Agreement may not be modified orally or in any
manner other than by an agreement in writing signed by the parties hereto or
their respective successors in interest.
IN WITNESS WHEREOF, the parties have executed this Agreement as an
instrument under seal and hereunto set their respective hands and seals as of
the day, month and year first above written.
LENDER:
--------------------------------------
BY:
---------------------------------------
TITLE:
---------------------------------------
TENANT:
---------------------------------------
BY:
---------------------------------------
TITLE:
---------------------------------------
LANDLORD:
---------------------------------------
BY:
---------------------------------------
BY:
---------------------------------------
8
000
XXXXXXXXXXXX XX XXXXXXXXXXXXX
______________ County, SS _______________, 2000
Then personally appeared before me _______________, the ___________________
of ________________________, to me personally known, who I am satisfied signed
the foregoing instrument, and who did acknowledge under oath that he/she signed
and delivered the same in his/her capacity as ________________ and that the
foregoing instrument is his/her free act and deed and the free act and deed of
such ____________________________.
-----------------------------------
Notary Public
My Commission Expires:
COMMONWEALTH OF MASSACHUSETTS
____________ County, SS. ________________, 2000
Then personally appeared before me _______________, the ___________________
of _____________________, to me personally known, who I am satisfied signed the
foregoing instrument, and who did acknowledge under oath that he/she signed and
delivered the same in his/her capacity as ________________ and that the
foregoing instrument is his/her free act and deed and the free act and deed of
such corporation.
-----------------------------------
Notary Public
My Commission Expires:
COMMONWEALTH OF MASSACHUSETTS
__________________, SS. _____________, 2000
Then personally appeared before me _________________, as _________________,
to me personally known, who I am satisfied signed the foregoing instrument, and
who did acknowledge under oath that he signed and delivered the same in his
capacity as ___________ aforesaid and that the foregoing instrument is his free
act and deed as ____________ aforesaid.
-----------------------------------
Notary Public
My Commission Expires:
9
000
XXXXXXXXXXXX XX XXXXXXXXXXXXX
__________________, SS. _____________, 2000
Then personally appeared before me ________________, as __________________,
to me personally known, who I am satisfied signed the foregoing instrument, and
who did acknowledge under oath that he signed and delivered the same in his
capacity as ___________ aforesaid and that the foregoing instrument is his free
act and deed as ____________ aforesaid.
-----------------------------------
Notary Public
My Commission Expires:
10
108
EXHIBIT "K"
LANDLORD, TENANT, CONTRACTOR
CHANGE PROPOSAL FORM
Project: ____________________________________
____________________________________ R______ NR_______
Proposal No. ___________________ Date ___________
From: (Landlord) ____________________________________ BB_____ TW_______
To: (Contractor) ______________________________________
CC: (Tenant) __________________________________________
--------------------------------------------------------------------------------
Step 1: Contractor: Provide an estimate for the described work.
Architect: Develop proper plans and specifications to clarify
described work.
DESCRIPTION: (List Drawings)
Landlord:__________________________ Reason:__________________________
--------------------------------------------------------------------------------
Step 2: Contractor: Proceed with work as definitive plans become available.
Landlord:__________________________ Date: __________________________
--------------------------------------------------------------------------------
Step 3: Cost of Work
a. Cost of the work $________________
(See attached breakdown)
b. Add construction fee $________________
Total Cost of Work $________________
Submitted by:___________________________________________ ____________________
Xxxxxx X. Xxxxxx, Vice President and Construction Manager Date
--------------------------------------------------------------------------------
Step 4: The submitted Cost of Work has been reviewed and is (not) approved.
_________________________________________ ______________________
Architect Date
Design Fees $________________
TOTAL COST OF PROPOSAL $________________
--------------------------------------------------------------------------------
Step 5: FINAL ACTION
a. The Tenant ________________________ Hereby agrees to reimburse the
Name of Firm
Landlord the Total Cost of Proposal shown in Step 4 above.
___________________________________________ __________________
Authorized Tenant's Representative Date
b. This bulletin is approved (rescinded) and the work above is (not)
to be performed. Cost of this work shall be included in Change
Order No.____________
_______________________________________________ __________________
Landlord Date
109
EXHIBIT "L"
DEFINITION OF COST OF THE WORK
REIMBURSABLE COSTS:
The following 18 numbered items shall be used to determine and calculate the
Cost of the Work:
1. The term Cost of the Work shall mean costs necessarily incurred and paid by
the Contractor in the proper performance of the work. Such costs shall be
at rates not higher than the standard paid in the greater Boston area and
shall include the items set forth below.
2. Wages paid for labor in the direct employ of Xxxxxxxxx Construction Co.,
Inc. ("Contractor") in the performance of the work under applicable
collective bargaining agreements, or under a salary or wage schedule agreed
upon by the Landlord, and Contractor, and including such welfare or other
benefits, if any, as may be payable with respect thereto.
3. Salaries of Contractor's personnel when stationed at the field office, in
whatever capacity employed, and a proportionate share of the project
manager and construction managers' salaries, whether at the job site or in
the main office. Personnel engaged at shops or on the road in expediting
the production or transportation of materials or equipment shall be
considered as stationed a the field office and their salaries paid for that
portions of their time spent on the work.
4. Cost of contributions, assessments or taxes incurred during the performance
of the work for such items as unemployment compensation and social
security, insofar as such cost is based on wages, salaries or other
remuneration paid to employees of the Contractor and included in the Cost
of the Work under subparagraphs 2 and 3.
5. The portion of reasonable travel and subsistence expenses of the Contractor
or of his officers or employees incurred while traveling in discharge of
duties connected with the work, but not including travel and expenses to
and from the job site or to attend meetings..
6. Costs of all materials, supplies and equipment incorporated in the work,
including costs of transportation thereof.
7. Payments made by the Contractor to subcontractors for work performed
pursuant to subcontracts.
8. Cost, including transportation and maintenance, of all materials, supplies,
equipment, temporary facilities and hand tools not owned by the workers,
which are consumed in the performance of the work, and cost less salvage
value on such items used by not consumed which remain the property of the
Contractor.
110
9. Rental charges of all necessary machinery and equipment, exclusive of hand
tools, used at the site in performance of the work, whether rented from the
Contractor or others including installation, minor repairs and
replacements, dismantling, removal, transportation and delivery costs
thereof, at rental charges consistent with those prevailing in the greater
Boston area.
10. Cost of premiums for all bonds required by Tenant.
11. Sales, use, or similar taxes related to the work and for which the
Contractor is liable, which are imposed by any governmental authority.
12. Permit fees, royalties, damage or infringement of patents and costs of
defending suits therefor, and deposits lost for causes other than due to
the Contractor's negligence.
13. Losses and expenses, not compensated by insurance or otherwise, sustained
by the Contractor in connection with the work, provided they have resulted
from causes other than the fault or neglect of the Contractor,
subcontractors, or those for whom the Contractor is responsible. Such
losses shall include settlements made with the written consent and
reasonable approval by Landlord and Tenant. If, however, such loss requires
reconstruction and the Contractor is placed in charge thereof, he shall be
paid for his services a fee of ten percent (10%) of the cost of such work.
14. Minor expenses such as telegrams, long distance telephone calls, telephone
service at the site, expressage, drawing reproduction, mail service,
special deliveries, and similar xxxxx cash items incurred in connection
with the Tenant's Work.
15. Cost of all removal of debris and clean up.
16. Costs incurred due to an emergency affecting the safety of persons and
property.
17. Other costs incurred in the performance of the work if and to the extent
approved in advance in writing by the Tenant.
18. The cost of temporary power and heat.
2
111
EXHIBIT "M"
ALLOWANCES
- $3.50 per rentable square foot for Tenant's costs for project management,
space planning, architectural and engineering for the Tenant's Work.
Landlord hereby acknowledges and agrees that such allowance shall be paid
by Landlord within ten (10) days of Landlord's receipt of an invoice
therefore. It is hereby acknowledged and agreed to by Landlord that Tenant
shall have the right to apply such portion of any unused allowance to other
costs due from Tenant pursuant to Article III hereof, Tenant hereby
acknowledging and agreeing that in no event shall Landlord be required to
actually reimburse Tenant out-of-pocket for any such unused amount.
112
EXHIBIT "N"
PROPOSED EXPANDED BUILDING FOOTPRINT
AND SITE PLAN
Phase II as shown on Plans entitled A1.1, A1.2 and A1.3, prepared by
Symmes, Maini & XxXxx Associates, Inc. (see plans attached to Exhibit "A"), and
Sheet C3 labeled "Westford Technology Park" dated February 16, 2000.
113
[BUILDING LAYOUT]
114
EXHIBIT "O"
GUARANTY OF COMPLETION
WHEREAS, Xxxxxxxxx Farm-Westford Technology Park, u/d/t dated October 1,
1984, and recorded with the Middlesex North Registry of Deeds in Book 2863, Page
235 ("Landlord") entered into a Lease dated as of March ___, 2000 (hereinafter,
the "Lease"), with Unisphere Solutions, Inc. ("Tenant") with respect to certain
demised premises located in the building situated at 00 Xxxxxxxxxx Xxxx Xxxxx,
Xxxxxxxx, Xxxxxxxxxxxxx (as in the Lease more particularly defined, the
"Premises"), and
WHEREAS, The Xxxxxxxxx Company is the managing member of the Landlord; and
WHEREAS, as an inducement to Tenant to enter into the Lease, the
undersigned will guaranty the construction obligations of Landlord under Article
III and Exhibit R of the Lease.
NOW, THEREFORE, in consideration of the Lease and the covenants herein set
forth, and for other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the undersigned hereby agrees as
follows:
The undersigned hereby absolutely and unconditionally guarantees to Tenant
the due and punctual performance of all of Landlord's or of Landlord's general
contractor's (Xxxxxxxxx Construction Co., Inc.'s) construction obligations and
responsibilities as Landlord under Article III of the Lease, including, without
limitation, the warranties set forth in Section 3.7 of the Lease, and of all the
expansion obligations and responsibilities of Landlord or its general
contractors as aforesaid under Exhibit R thereof, and including the payment and
discharge of all claims and demands for labor used for or in connection with the
construction and equipping of such construction so that the property upon which
the Premises is located shall be and remain free and clear of mechanics' and
materialmen's liens, but excluding all claims and demands for labor and
materials used for or in connection with the Tenant's work not constructed by
Landlord or its general contractor pursuant to Article III or Exhibit R of the
Lease.
The undersigned hereby covenants and agrees that, upon written notice by
Tenant, but only after default by Landlord, or its general contractor, as the
case may be, and expiration of applicable grace periods set forth in the Lease,
or if none, thirty (30) days upon receipt of such notice from Tenant, it will
promptly perform all of such construction responsibilities of Landlord under
said Article III or Exhibit R of the Lease during the construction of the
Building of which the Premises form a part.
The undersigned hereby agrees, as principal obligor and not as a guarantor
only, to pay to Tenant forthwith upon demand all costs and expenses (including
court costs and reasonable legal fees) incurred or expended by Tenant in
connection with this Guaranty and the defense and/or enforcement hereof.
No provision of this Guaranty can be changed, waived or discharged except
by an instrument in writing signed by Tenant and the undersigned. No course of
dealing or delay or omission on the part of Landlord in exercising any right
shall operate as a waiver thereof or otherwise be prejudicial thereto.
This Guaranty is intended to take effect as a sealed instrument to be
governed by and construed in accordance with the laws and courts of the
Commonwealth of Massachusetts and shall inure to the
115
benefit of Tenant and its successors and assigns, and shall be binding on the
undersigned and its successors and assigns.
IN WITNESS WHEREOF, the undersigned has executed this Guaranty under seal
on this _____ day of ________, 2000.
GUARANTOR:
THE XXXXXXXXX COMPANY
By:
-------------------------------------
Xxxxxx X. Xxxxxxxxx
President
COMMONWEALTH OF MASSACHUSETTS
COUNTY OF MIDDLESEX
Then appeared the above named Xxxxxx X. Xxxxxxxxx, the President of The
Xxxxxxxxx Company, who acknowledged the foregoing instrument to be his free act
and deed in his capacity as aforesaid, before me, this ___ day of ___________,
2000.
------------------------------------
NOTARY PUBLIC
My Commission Expires:
2
116
EXHIBIT "P"
MARKET RENT
The market rent for the Premises shall be the then fair market rent for
similar space in similar Class A office buildings in the Town of Westford, which
such rent (the "Market Rent") shall be determined as follows:
(a) The Market Rent shall be proposed by Landlord within fifteen (15) days of
receipt of Tenant's notice that it intends to exercise its option to extend
the Term as specified in Exhibit F of this Lease hereof (the "Landlord's
Proposed Market Rent"). The Landlord's Proposed Market Rent shall be the
Market Rent unless Tenant notifies Landlord, within fifteen (15) days of
Tenant's receipt of Landlord's Proposed Market Rent, that Landlord's
Proposed Market Rent is not satisfactory to Tenant ("Tenant's Rejection
Notice").
(b) If Tenant delivers Tenant's Rejection Notice and the Market Rent is not
otherwise agreed upon by Landlord and Tenant within forty-five (45) days
after Landlord's receipt of Tenant's notice that it intends to exercise its
option to extend the Term, then the Market Rent shall be determined by the
following appraisal procedure:
1. Within five (5) days of the expiration of said forty-five (45) day
period, Tenant shall give notice to Landlord, which notice shall
specify the name and address of the appraiser designated by Tenant
(the "Tenant's Appraisal Notice"). Landlord shall within five (5) days
after receipt of Tenant's Appraisal Notice, notify Tenant of the name
and address of the appraiser designated by Landlord. Such two
appraisers shall, within twenty (20) days after the designation of the
second appraiser, make their determinations of the Market Rent in
writing and give notice thereof to each other and to Landlord and
Tenant. Such two (2) appraisers shall have twenty (20) days after the
receipt of notice of each other's determination to confer with each
other and to attempt to reach agreement as to the determination of the
Market Rent. If such appraisers shall concur in such determination,
they shall give notice thereof to Landlord and Tenant and such
concurrence shall be final and binding upon Landlord and Tenant. If
such appraisers shall fail to concur as to such determination within
said twenty (20) day period, they shall give notice thereof to
Landlord and Tenant and shall immediately designate a third appraiser.
If the two appraisers shall fail to agree upon the designation of such
third appraiser within five (5) days after said twenty (20) day
period, then they or either of them shall give notice of such failure
to agree to Landlord and Tenant and if Landlord and Tenant fail to
agree upon the selection of such third appraiser within five (5) days
after the appraiser(s) appointed by the parties give notice as
aforesaid, then either party on behalf of both may apply to the
American Arbitration Association or any successor thereto, or on his
or her failure, refusal or inability to act, to a court of competent
jurisdiction, for the designation of such third appraiser.
2. All appraisers shall be independent real estate appraisers or
consultants who shall have had at least seven (7) years continuous
experience in the business of appraising real estate in the suburban
Boston area.
117
3. The third appraiser shall conduct such hearings and investigations as
he or she may deem appropriate and shall, within ten (10) days after
the date of his or her designation, make an independent determination
of the Market Rent.
4. If none of the determinations of the appraisers varies from the mean
of the determinations of the other appraisers by more than ten (10%)
percent, the mean of the determinations of the three (3) appraisers
shall be the Market Rent for the Premises. If, on the other hand, the
determination of any single appraiser varies from the mean of the
determinations of the other two (2) appraisers by more than ten (10%)
percent, the mean of the determination of the two (2) appraisers whose
determinations are closest shall be the Market Rent.
5. The determination of the appraisers, as provided above, shall be
conclusive upon the parties and shall have the same force and effect
as a judgment made in a court of competent jurisdiction.
6. Each party shall pay fees, costs and expenses of the appraiser
selected by it, its own counsel fees, and one-half (1/2) of all other
expenses and fees of any such appraisal.
2
118
EXHIBIT "Q"
EXISTING EXCLUSIVE USES AND EXCLUSIONS
EXCLUSIONS:
Lotus - Building 3 Lease
- Novell
- Netscape
- Microsoft
- Hewlett Packard
Emerson - Building 7 Lease
- Tenants whose principal use is offering medical and diagnostic
treatment services and/or health education and wellness promotion
educational services
Chili's
- Restaurant exclusion for 3-mile radium of Westford Technology Park
excluding cafeterias in buildings
RIGHTS OF FIRST REFUSAL:
Lotus - Building 3 Lease
- Xxxxxxxx 0
- Xxxxxxxx 0
Xxxxx - Xxxxxxxx 0 Lease
- Xxxxxxxx 0
Xxxxxxx - Xxxxxxxx 0 Lease
- Building 7
RIGHTS OF FIRST OFFER:
ENSR - Building 2 Lease
- Building 2 - any space that becomes available
119
EXHIBIT "R"
EXPANSION OPTION
Landlord (including Landlord's affiliates, successors and assigns and all
other successors in title) agrees it shall hold available, subject to the
conditions of this Exhibit R, for Tenant Lot 10E, as described in Exhibit A-1
and in Exhibit N of this Lease (the "Expansion Land") required to support one
contiguous expansion of the Building by Landlord for Tenant for a total of up to
seventy-five thousand (75,000) rentable square feet of additional space (the
"Expansion Space"). Landlord acknowledges and agrees not to construct or permit
the construction of any buildings in, on or under the Expansion Land, and not to
use the Expansion Land for purposes other than for providing the required
parking, additional parking and access to Tenant pursuant to the provisions of
Section 10.14 of the Lease, subject to the conditions of this Exhibit R. The
size and footprint of the Expansion Space shall be determined by Landlord and
Tenant provided, however, that such expansion shall be a three (3) story
building consisting of seventy-five thousand (75,000) square feet, and shall
provide Tenant with an additional two hundred twenty-two (222) parking spaces,
and that the footprint and parking of such expansion shall be within the general
building footprint and parking areas shown on the Proposed Expanded Building
Footprint & Site Plan, prepared by Symmes, Maini & XxXxx Associates, dated
February 16, 2000, attached as Exhibit N to this Lease (the "Expanded Building
Site Plan"), or such other area as is reasonably agreed upon by Landlord and
Tenant. So long as there does not then exist any uncured, continuing Event of
Default and this Lease is then in existence and in full force and effect, so
long as Tenant is then leasing including (subleasing) at least one hundred
percent (100%) of the Building, and so long as such expansion option has not
been terminated in accordance with paragraph I. of this Exhibit R, Landlord
shall be required to hold the Expansion Land available as aforesaid, or to cause
an affiliate, successor or assign of Landlord or any other successor in title to
hold the Expansion Land available as aforesaid, necessary for said Expansion
Space, until the option for the Expansion Space has been terminated in
accordance with paragraph I. of this Exhibit R or until such date which is
twelve (12) months after the Term Commencement Date of this Lease, or until such
expansion has been constructed, whichever is sooner.
Landlord shall exercise good faith efforts to obtain, simultaneously with
the approvals and permits necessary for construction of the original Building,
any and all approvals and permits, including but not limited to all zoning,
subdivision, wetlands and environmental permits and approvals, necessary for the
construction of the Expansion Space generally similar to the footprint and site
plan shown on the Expanded Building Site Plan. In the event that any of the
applicable authorities require modifications to the Expanded Building Site Plan,
then Landlord and Tenant hereby further agree that they will work and cooperate
with each other to reach a mutual agreement on any such modifications, provided,
however, that in no event shall such modifications result in the Expansion Space
containing less than seventy-five thousand (75,000) rentable square feet.
If, after having exercised good faith efforts, Landlord is unable to obtain
all such necessary permits and approvals for the construction of the Expansion
Space by the Expansion Permit Date, as defined in paragraph I. below, as it may
be extended, then this Exhibit R, including paragraph I., shall be null and void
and of no further force and effect, and Landlord, or its affiliate, shall no
longer be required to hold the Expansion Land required for the Expansion Space
for Tenant as contemplated hereunder.
120
I. EXPANSION SPACE
(i) In the event that Tenant desires to exercise its option to lease and
occupy the Expansion Space, and there does not then exist any uncured,
continuing Event of Default hereunder, and Tenant is leasing and occupying at
least one hundred percent (100%) of the Building, written notice of Tenant's
intention to lease and occupy such Expansion Space (the "Expansion Notice") must
be given to Landlord not later than such date which is twelve (12) months after
the Term Commencement Date of this Lease (the "Expansion Exercise Date"). If
Tenant elects to expand by leasing and occupying the Expansion Space (the "Lease
for the Expansion Space") as herein provided, the annual Fixed Rent for the
Expansion Space shall be an amount equal to the following:
Years 1-5: $1,191,000.00/Year; $99,262.50/Month; $15.88/RSF
Years 6-10: $1,415,250.00/Year; $117,938.00/Month; $18.87/RSF
(Note: These figures reflect an adjustment for cleaning of an estimated
00,000 xxxxxx xxxx xx xxx xxxx)
Notwithstanding anything to the contrary contained in this Paragraph I. of
this Exhibit R, in the event that the Term of this Lease is extended beyond the
initial ten (10) year Term of this Lease as a result of Tenant exercising its
expansion option hereunder in conformity with the foregoing provisions, then
such Term shall be extended, subject to the provisions of this Exhibit R
(including the next full paragraph) for such additional period as necessary to
comply with the terms of this paragraph I. (the "Additional Extension Term"). In
such event, the Fixed Rent for the original Premises hereunder during the
Additional Extension Term shall be $18.86 per square foot.
The Lease for the Expansion Space shall be in the same form as this Lease,
and, except as herein set forth, on the same terms and conditions as are set
forth in this Lease and shall be for a Term of ten (10) years. The Lease for the
Expansion Space shall provide for an Expansion Scheduled Term Commencement Date
(Landlord and Tenant hereby agreeing that such date occur no later than twelve
(12) months following the Expansion Notice by Tenant) and an Expansion Term
Commencement Date, the former to be mutually agreed upon by Landlord and Tenant
in good faith, but in no event less than thirty-six (36) weeks or more than
forty-four (44) weeks after obtaining all required permits and approvals for
construction of the Expansion Space, considering such factors as weather and
material availability (it being agreed by Landlord and Tenant that such
Expansion Notice by Tenant occurring between October 1 and March 1 shall add two
(2) additional months to the Expansion Scheduled Term Commencement Date for such
space beyond that which would otherwise be expected). The Lease for the
Expansion Space shall also provide (i) for an Expansion Outside Delivery Date of
sixty (60) days after the Expansion Scheduled Term Commencement Date, (ii)
Tenant the right to cancel the Lease for the Expansion Space in the event that
the Expansion Space is not delivered on or before the Expansion Outside Delivery
Date, as extended for delays due to Force Majeure (up to an aggregate of
forty-five (45) days) or Tenant's Delay as therein described, and (iii) that the
Tenant's Plans for the Expansion Space prepared by and being delivered by Tenant
to Landlord are attached as an Exhibit to the Lease for the Expansion Space. The
proposed form of Lease for the Expansion Space shall be delivered by Landlord to
Tenant promptly after such Expansion Notice to Tenant, and a mutually agreed
upon form shall be executed by Landlord and Tenant within forty-five (45) days
from the date of Tenant's receipt of a proposed form of Lease for the Expansion
Space from Landlord in the form as herein required,
121
unless such date is extended by mutual agreement of both parties hereto. Tenant
and Landlord shall use reasonable efforts, each acting in good faith, to execute
the Lease for the Expansion Space within said forty-five (45) days from the date
of Tenant's receipt of a proposed form from Landlord. Notwithstanding the
foregoing, Landlord and Tenant agree that any such Lease for the Expansion Space
may, at the sole option of Landlord, be in the form of a lease amendment to this
Lease, whereupon any references herein to the Lease for the Expansion Space
shall also be deemed to refer to any such amendment to this Lease, as the case
may be. Landlord and Tenant hereby further agree that in the event that the
parties enter into a Lease for the Expansion Space, as aforesaid, they shall
enter into an amendment to this Lease evidencing an agreement to extend the
initial Term of this Lease such that the expiration of the initial Term of this
Lease for the original Premises hereunder and of the Lease for the Expansion
Space for such additional space shall be coterminous.
If not already obtained in connection with the construction of the original
Building, Landlord agrees to exercise good faith efforts to obtain all necessary
permits and approvals to construct the Expansion Space within twelve (12) months
after receipt of the Expansion Notice (the "Expansion Permit Date"). If Tenant
fails to exercise its option as to the Expansion Space, or exercises its option
in a timely manner but thereafter fails to execute and deliver the Lease for the
Expansion Space on or prior to the time period as hereinabove set forth in
accordance with the provisions of this Exhibit R, or, if after proceeding
diligently and using good faith efforts to obtain all required permits and
approvals to construct such space by the Expansion Permit Date, Landlord is
unable to obtain all of such permits and approvals, then, subject to the terms
and provisions contained in this Exhibit R, Tenant's option as to the Expansion
Space and the rights and obligations of both Landlord and Tenant under this
paragraph I. shall terminate forthwith and be of no further force and effect.
II. ADDITIONAL EXPANSION PROVISIONS
The building quality, plans and specifications for the Expansion Space
shall be in accordance with the Expanded Building Site Plan and specifications
substantially comparable to the Building initially leased herein, except as
hereinafter provided, which such plans and specifications shall be set forth in
the Lease for the Expansion Space. Without limiting the foregoing, the building
quality, fit and finish of the Expansion Space shall be substantially comparable
to the Building initially leased herein based on Landlord's Plans and Tenant's
Plans and specifications for the initial Building. In addition, the Expansion
Space shall be landscaped to the mutual satisfaction of Landlord and Tenant,
each acting reasonably.
Landlord's obligation to construct the Expansion Space is contingent upon
Landlord's ability, using a good faith diligent effort, (i) to finance the
project cost of such Expansion Space, or such portion thereof as the Landlord
elects to finance, at the annual Fixed Rent as determined in paragraph I. above,
and (ii) to obtain applicable permits and approvals required under building,
zoning and environmental laws, codes, rules and regulations and other laws then
affecting the use and development of such land in order to construct the
Expansion Space in accordance with all of the terms of this Lease.
Further notwithstanding any language to the contrary contained in this
Exhibit R, in the event that Tenant's option as to the Expansion Space expires
or has otherwise been terminated pursuant to the above provisions of this
Exhibit R, then Landlord shall have, at any time thereafter during the Term of
this Lease, the right to construct the Expansion Space (or a portion thereof),
and to determine whether it
122
shall be contiguous to the Building or not, adjacent to the Building or
elsewhere on the Lot, and lease such space to any third party upon such terms
and conditions as are negotiated by Landlord in its sole and absolute discretion
and Tenant shall have no further rights thereto. Landlord and Tenant hereby
further acknowledge and agree that in such event, the Expansion Space may be
enlarged or reduced by Landlord, in accordance with applicable laws, codes,
rules and regulations. Such Expansion Space, whether for the original
contemplated square footage or greater or less than the amount as aforesaid,
shall be subject to the terms and conditions set forth in the first complete
paragraph of paragraph II. above (i.e. conditions as to building quality, fit
and finish). In connection therewith, and in connection with any Expansion Space
constructed pursuant to this Exhibit R, whether for Tenant or not, Landlord
shall (i) if necessary, relocate such portion of the Building Parking Area, as
designated on Exhibit A, to an area as close to the Building as reasonably
possible, specifically as designated by Landlord so long as such area is within
the relocation parking area shown on Exhibit A hereto (i.e. on Lots 10D and
10E), Tenant hereby agreeing that such relocation parking area described by
Landlord on Exhibit A is acceptable to Tenant, (ii) have the right to
temporarily access such portion of the Premises comprising a 5' area in side of
the north wall on floors 1-3 of the Building, as such area is shown as
cross-hatched on Exhibit A hereto, Landlord hereby agreeing to minimize any
interruptions to Tenant in connection therewith, and, (iii) if such Expansion
Space is not constructed for Tenant, (a) construct a demising wall between the
two (2) phases shown on said Exhibit A such that the Premises hereunder
(including all building systems) shall be independent of the Expansion Space,
Tenant hereby acknowledging in such event loss of the window line along the
north wall and (b) reduce the initial Building Parking Area by seventy-two (72)
parking spaces, if necessary, in accordance with and subject to the provisions
of Section 10.14 of this Lease. Subject to the foregoing provisions, Landlord
and Tenant hereby further agree that they shall enter into an agreement
amending, modifying or supplementing this Lease, if necessary, in order to
reflect the occupancy of the Building by any such additional tenant(s) other
than Tenant if the Expansion Space is constructed as so permitted by Landlord
hereunder.
123
EXHIBIT S
Westford Technology Park - Building 10
Preliminary Construction Schedule - 3/13/00
------------------------------------------------------------------------------------------------------------------------------------
2000
------------------------------------------------------------------------------------------------------------------------------------
Apr May Jun Jul Aug
Start End ---------------------------------------------------------
Task Name Date Date Duration 3 10 17 24 1 8 14 22 30 5 12 19 26 3 10 17 24 31 7 14 21
------------------------------------------------------------------------------------------------------------------------------------
1.) Site Work 4/3/00 10/6/00 132.0 days
Erosion/Siltation Control 4/3/00 4/14/00 10.0 days -----
Clearing & Grubbing 4/17/00 4/28/00 10.0 days ------
Site Excavation - Cuts & Fills 5/1/00 6/30/00 44.0 days ------------------------
Bldg. Excavation & Backfill 5/22/00 6/23/00 24.0 days --------------
Site utilities 7/3/00 8/30/00 42.0 days ----------------------
Gravel Below Paving & Walks 8/14/00 9/22/00 29.0 days ------
Biluminous Paving (Binder) 8/25/00 8/30/00 4.0 days -
Biluminous Paving (Finish) 10/2/00 10/6/00 5.0 days
Granite Curbing 9/18/00 10/6/00 15.0 days
Landscaping 9/18/00 9/26/00 7.0 days
2.) C.I.P. Concrete 5/22/00 9/14/00 81.0 days
Foundations 5/22/00 6/23/00 24.0 days --------------
Slab on Grade 7/10/00 7/14/00 5.0 days ---
Fill on Metal Decks 9/1/00 9/14/00 9.0 days
3.) Precast Concrete 8/14/00 9/8/00 19.0 days ------
4.) Struct. Steel Joists/Decks 7/17/00 8/11/00 20.0 days ----------
5.) Misc. Metals 8/28/00 9/29/00 24.0 days
6.) Caulking 10/4/00 10/27/00 17.0 days
7.) Roofing 10/4/00 10/31/00 19.0 days
8.) Doors, Frames & Hardware 12/26/00 1/5/01 8.0 days
9.) Aluminum Windows 9/5/00 10/20/00 33.0 days
10.) Curtain Wall 10/2/00 10/20/00 14.0 days
11.) Entry Doors 10/20/00 10/26/00 5.0 days
12.) Overhead Doors 9/18/00 9/22/00 5.0 days
13.) Gypsum Wallboard and Dryvit 10/2/00 12/15/00 52.0 days
14.) Ceramic Tile & Granite 11/20/00 12/1/00 9.0 days
15.) Accoustical Ceilings 11/14/00 12/8/00 18.0 days
16.) Carpeting/Resid. Flooring 12/26/00 1/5/01 8.0 days
17.) Painting 11/7/00 1/31/01 57.0 days
18.) Toilet Access./Partitions 12/11/00 12/15/00 5.0 days
19.) Loading Dock Equipment 9/25/00 9/29/00 5.0 days
20.) Elevator Xxxx Hole 6/12/00 6/16/00 5.0 days ---
21.) Elevators 10/10/00 12/15/00 47.0 days
22.) Plumbing (Underground) 6/19/00 6/30/00 10.0 days ------
23.) Plumbing 9/13/00 11/24/00 50.0 days
24.) Fire Protection 9/13/00 11/27/00 51.0 days
25.) H.V.A.C. 9/13/00 12/7/00 59.0 days
26.) Electrical (Underground) 6/19/00 6/30/00 10.0 days ----------
27.) Electrical 9/15/00 9/15/00 0.0
28.) Start Tenant Improvements 1/31/01 1/31/01 0.0
---------------------------------------------------------------------------------------------------
2000 2001
---------------------------------------------------------------------------------------------------
Sep Oct Nov Dec Jan Feb
---------------------------------------------------------------------------------------------------
Task Name 28 5 11 18 25 2 10 16 23 30 6 14 20 27 4 11 18 26 2 8 16 29 5 12
---------------------------------------------------------------------------------------------------
1.) Site Work
Erosion/Siltation Control
Clearing & Grubbing
Site Excavation - Cuts & Fills
Bldg. Excavation & Backfill
Site utilities
Gravel Below Paving & Walks --------
Biluminous Paving (Binder)
Biluminous Paving (Finish) --
Granite Curbing --------
Landscaping -----
2.) C.I.P. Concrete
Foundations
Slab on Grade
Fill on Metal Decks -----
3.) Precast Concrete -----
4.) Struct. Steel Joists/Decks
5.) Misc. Metals -------------
6.) Caulking ---------
7.) Roofing ----------
8.) Doors, Frames & Hardware ----
9.) Aluminum Windows -------------------
10.) Curtain Wall --------
11.) Entry Doors --
12.) Overhead Doors ---
13.) Gypsum Wallboard and Dryvit ------------------------------
14.) Ceramic Tile & Granite ------
15.) Accoustical Ceilings ----------
16.) Carpeting/Resid. Flooring -----
17.) Painting ------------------------------
18.) Toilet Access./Partitions ---
19.) Loading Dock Equipment --
20.) Elevator Xxxx Hole
21.) Elevators ----------------------------
22.) Plumbing (Underground)
23.) Plumbing ----------------------------
24.) Fire Protection -----------------------------
25.) H.V.A.C. ---------------------------------
26.) Electrical (Underground)
27.) Electrical
28.) Start Tenant Improvements
124
EXHIBIT "T"
NOTICE OF LEASE
In accordance with the provisions of Massachusetts General Laws (Ter. Ed.)
Chapter 183, Section 4, as amended, notice is hereby given of a certain lease
(hereinafter referred to as the "Lease") dated as of March ___, 2000 by and
between Xxxxxx X. Xxxxxxxxx and Xxxx X. Xxxxxxx, Class A Trustees and Xxxxxx
Stock And Xxxx X. Xxxx, Class B Trustees, all as Trustees of Xxxxxxxxx
Farm-Westford Technology Park Trust, under Declaration of Trust dated October 1,
1984, recorded with the Middlesex North District Registry of Deeds in Book 2863,
Page 235 (hereinafter referred to as "Landlord") and Unisphere Solutions, Inc.
(hereinafter referred to as "Tenant").
WITNESSETH:
1. The address of the Landlord is c/o The Xxxxxxxxx Company, Xxx Xxxx
Xxxxxx, Xxxxxxxx, Xxxxxxxxxxxxx 00000.
2. The address of the Tenant is 0 Xxxxxxxx Xxxx, Xxxxxxxx, Xxxxxxxxxxxxx
00000.
3. The Lease was executed on March ___, 2000.
4. The Term of the Lease is a period of ten (10) years beginning on the
Term Commencement Date determined in accordance with Section 3.2 of
the Lease, currently scheduled for January 31, 2001.
5. Subject to the provisions of the Lease, the Tenant has the option to
extend the Term of the Lease for two (2) successive five (5) year
terms pursuant to Exhibit "F" of the Lease.
6. The Tenant has an Expansion Option to lease up to seventy-five
thousand (75,000) rentable square feet of additional space in the
Building pursuant to Exhibit "R" of the Lease. The Expansion Land, as
described in Exhibit "R" of the Lease, is known as Lot 10E and is
described on Exhibit "A-1" attached hereto and made a part hereof.
7. The Lot and the Park, as such terms are defined in the Lease, are
subject to the covenants and agreements contained in Exhibit "I" of
the Lease.
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8. The demised premises is a three (3) story building containing
approximately one hundred and fifty thousand (150,000) rentable square
feet located at 00 Xxxxxxxxxx Xxxx Xxxxx, Xxxxxxxx, Xxxxxxxxxxxxx
00000, and the areas of which are the subject of all appurtenant
rights and easements set forth in Sections 2.1 and 10.14 of the Lease.
9. The deed(s) for the demised premises were recorded on ______________
with the Middlesex North Registry of Deeds in Book , Page , as
more particularly described on Exhibit "A" hereto.
10. The deed(s) for the Expansion Land were recorded on ______ with the
Middlesex North Registry of Deeds in Book ______, Page ______, as more
particularly described on Exhibit "A-1" hereto.
11. The Tenant has a Right of First Offer for the Buildings known as
Buildings 2, 4 and 6 located within the Park pursuant to Exhibit "U"
of the Lease.
This Notice of Lease has been executed merely to give notice of the Lease,
and all of the terms, conditions and covenants of which are incorporated herein
by reference. The parties hereto do not intend this Notice of Lease to modify or
amend the terms, conditions and covenants of the Lease which are incorporated
herein by reference.
IN WITNESS WHEREOF, the parties hereto have duly executed this Notice of
Lease this ___ day of ______________, 2000.
LANDLORD:
XXXXXXXXX FARM-WESTFORD
TECHNOLOGY PARK TRUST
By:
--------------------------------
__________________, Class A
Trustee of Xxxxxxxxx
Farm-Westford Technology Park
Trust, on behalf of himself and
his co-Class A Trustee in their
capacities as said trustees and
not individually
Dated:
-----------------------------
2
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By:
--------------------------------
__________________, Class B
Trustee of Xxxxxxxxx
Farm-Westford Technology Park
Trust, on behalf of himself and
his co-Class B Trustee in their
capacities as said trustees and
not individually
Dated:
-----------------------------
TENANT:
UNISPHERE SOLUTIONS, INC.
By:
--------------------------------
Its:
-------------------------------
Dated:
-----------------------------
COMMONWEALTH OF MASSACHUSETTS
MIDDLESEX, SS.
____________, 2000
Then personally appeared before me , as trustee of Xxxxxxxxx
Farm-Westford Technology Park Trust and acknowledged the foregoing instrument to
be his free act and deed as trustee aforesaid.
___________________________________
NOTARY PUBLIC
My Commission Expires:
3
000
XXXXXXXXXXXX XX XXXXXXXXXXXXX
______________, SS. ____________, 2000
Then personally appeared before me , as trustee of Xxxxxxxxx
Farm-Westford Technology Park Trust and acknowledged the foregoing instrument to
be his free act and deed as trustee aforesaid.
___________________________________
NOTARY PUBLIC
My Commission Expires:
COMMONWEALTH OF MASSACHUSETTS
_______________, SS. ____________, 2000
Then personally appeared before me ________________, as ________________ of
Unisphere Solutions, Inc., and acknowledged the foregoing instrument to be
his/her free act and deed as _________ aforesaid.
___________________________________
NOTARY PUBLIC
My Commission Expires:
4
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EXHIBIT "U"
RIGHT OF FIRST OFFER
Subject to the last sentence of this paragraph, in no event shall Landlord
decide to lease, agree to lease, or accept any offer to lease space that becomes
available during the initial Term hereof the so-called Buildings 2, 4 and 6
within the Park and, unless Landlord first affords Tenant an opportunity to
lease such entire Building(s) in accordance with the provisions of this Exhibit
U and only after written notice to Tenant. Such notice shall contain the
proposed essential terms with respect to such rentable area (Landlord's summary
thereof, shall herein be referred to as the "Offer" or "Landlord's Offer"). The
Offer shall set forth all of the essential terms and conditions upon which
Landlord proposes to lease such space (i.e. the annual fixed rent amounts, the
operating expense base amounts, and the allowances). Upon receipt of such notice
and the Offer from Landlord, and provided further that there does not then exist
an uncured, continuing default under this Lease and provided further that the
Tenant is then leasing (including subleasing) one hundred percent (100%) of the
Premises, then Tenant shall have a right to lease any such space on the terms
set forth in the Offer by giving notice to Landlord to such effect within five
business (5) days after Tenant's receipt of Landlord's notice of such Offer. If
such notice is not so timely given by Tenant, then Landlord shall be free to
lease the subject space, or portion thereof, to any third party on the terms and
conditions contained in the Offer (or on such other terms and conditions as are
negotiated by Landlord in its sole discretion) at any time after the expiration
of said five (5) day period. The non-exercise by Tenant of its rights under this
Exhibit U as to any one Offer by Landlord shall not be deemed to waive any of
Tenant's rights of first offer as to other Building(s) aforesaid.
Notwithstanding any language to the contrary in this Exhibit U, Tenant's rights
of first offer hereunder (i) shall be subject and subordinate to the
pre-existing rights of other tenants, as such rights are set forth in Exhibit Q
of this Lease (ii) shall not revive and continue should such Building become
available after Tenant's waiver and subsequent leasing by Landlord, and (iii)
shall apply to the leasing of the entire Building(s) specified in the Offer and
not portions thereof.
In the event that Tenant accepts Landlord's offer to lease such rentable
space in said Building(s), which is the subject of Landlord's Offer to Tenant,
then Landlord and Tenant hereby agree that they shall enter into a mutually
acceptable agreement amending, modifying or supplementing this Lease, specifying
that such rentable area is a part of the Premises under this Lease and demising
said premises to Tenant, or at Landlord's election, shall enter into a separate
lease agreement substantially in the form of this Lease, as modified to comply
with the terms of the Offer, with respect to such rentable space. Such amendment
(or separate lease agreement, as the case may be) shall also contain other
appropriate terms and provisions relating to the addition of such rentable space
to this Lease or the leasing of such rentable space, as applicable, and shall be
signed by Tenant within thirty (30) days of receipt of the proposed agreement
from the Landlord in the form as hereinabove required.
Notwithstanding anything to the contrary in this Exhibit U, if Tenant
notifies Landlord of its election to lease such rentable space in said
Building(s) which was the subject of the Offer and then fails to execute and
deliver the required amendment to this Lease (or separate lease agreement, as
applicable) once the same has been mutually agreed upon by Landlord and Tenant
in accordance with this Exhibit U, then (i) Tenant shall be deemed to have
waived its rights to lease the offered space under this Exhibit U, (ii) Landlord
shall have the unrestricted right to lease such space upon whatever terms and
conditions as are negotiated by Landlord in its sole discretion; and (iii)
Tenant's right of first offer as to rentable space in the Building hereunder
shall terminate and be of no further force and effect. The recording by
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129
the Landlord of an affidavit to such effect shall be conclusive evidence of the
termination or waiver of Tenant's first offer option hereunder. Otherwise, if
the Landlord and Tenant, each acting reasonably and in good faith, fail to agree
on a mutually agreeable form of amendment to this Lease (or separate lease
agreement, as the case may be) within said thirty (30) day period upon receipt
of Landlord's proposed form of agreement, unless such date is extended by mutual
agreement of both parties hereto, then such failure shall be treated as a
non-exercise by Tenant of its right of first offer in accordance with the first
Section of this Exhibit U and Landlord shall be free to lease the subject space,
or portion thereof, to a third party as aforesaid.
6
