Exhibit 10.54
SUBLEASE AGREEMENT
This Sublease Agreement (the "Sublease") is made this 25th day of
February, 1998, effective as of the Effective Date (as defined herein), by
and between Westgate Chevrolet, Inc. ("Sublessor"), whose address is 0000
X-00 Xxxx, Xxxxxxxx, Xxxxx 00000, and Enterprise Rent-A-Car Company
("Sublessee"), whose address is 0000 Xxxxxx X, Xxxxxxx, Xxxxx 00000.
AGREEMENT
In consideration of the mutual agreements herein contained, Sublessor
and Sublessee agree as follows:
1. EFFECTIVE DATE. Upon Sublessor's sale and transfer of the property
located at 0000 X-00 Xxxx, Xxxxxxxx, Xxxxxx Xxxxxx, Xxxxx to Capital
Automotive L.P. (herein called the "Effective Date") that certain Agreement
(the "Existing Lease") by and between Sublessor (as landlord) and Sublessee
(as tenant) shall terminate, and this Sublease shall become effective.
Sublessee acknowledges that simultaneously with the above-described sale,
Capital Automotive L.P. will lease back the property to Sublessor (the "Prime
Lease"). This Sublease is entered to continue the tenancy relationship
between Sublessor and Sublessee, but is subordinate to the Prime Lease in all
respects.
2. SUBLEASE OF PREMISES. Upon and subject to the terms and provisions
of this Sublease, Sublessor subleases to Sublessee, and Sublessee subleases
from Sublessor, certain premises (the "Premises") in Amarillo, Potter County,
Texas, described as follows:
One office out of the west end of the service department of the
service write-up area of Westgate Chevrolet.
3. TERM. The term of this Sublease shall begin on the Effective Date
and shall end on October 31, 1998 (the "Termination Date").
4. RENT. Sublessee agrees to pay to Sublessor monthly installments of
rent during the term of this Sublease in the amount of $750.00. The rent
shall be paid in advance on or before the first day of each month, commencing
on the calendar month immediately following the Effective Date. Any rent
received by Sublessor before the Effective Date under the Existing Lease will
be retained in full by Sublessor.
5. TERMINATION OF PRIME LEASE. If the Prime Lease expires or
terminates for any reason during the term of this Sublease, this Sublease
shall terminate concurrently with the termination or expiration of the Prime
Lease, and Sublessor shall have no liability to Sublessee as a result of the
termination or expiration.
6. TERMINATION. Either party may terminate this Sublease by providing
ninety (90) days written notice.
7. RENEWAL. This Sublease shall automatically renew for an additional
two (2) year period upon expiration of the original term of this Sublease
unless either party should give a ninety (90) day written notice.
8. OPERATIONS. Sublessee is to be solely responsible for personnel,
vehicles, and all aspects of the rental operations.
9. CONDITION OF PREMISES. Sublessee has examined and accepts the
Premises in its present "as is" condition as suitable for the purposes for
which the Premises are leased.
10. MAINTENANCE. Sublessor shall keep the foundation, the exterior
walls, glass, windows, doors, door closure devices, window and doorframes,
molding, locks, hardware, heating and air units, parking lot, light fixtures,
plumbing and the roof of the Premises in good
repair except that Sublessor shall not be required to make any repairs
occasioned by the act of negligence of Sublessee, its employees, subtenants,
licensee, and concessionaires. Sublessee shall pay all the costs of general
liability insurance. Sublessor shall pay all real estate taxes and hazardous
insurance premiums. At the termination of this Sublease, Sublessee shall
deliver the Premises in good order and condition, normal wear and tear
excepted.
11. PAYMENTS. Xxxxxxxx to Sublessor will be paid to Sublessee, net 30.
Xxxxxxxx to Sublessee will be paid to Sublessor, net 30.
12. INSURANCE. Sublessee, at its sole expense, shall obtain and keep
in force during the term of this Sublease, the following insurance naming
Sublessor as a co-insured: Comprehensive general liability insurance and
personal liability for injury to persons or damage to property in or about
Premises or arising out of the ownership, maintenance, or use or occupancy
thereof. The insurance shall specify a single occurrence policy limit of
$1,000,000.00. An insurance certificate to the above affect will be issued
to Sublessor with renewal certificates being supplied at renewal periods.
13. INDEMNIFICATION. Sublessee shall indemnify Sublessor and save it
harmless from and against any and all liability, damages, costs or expenses,
including attorneys' fees, arising from any act, omission, or negligence of
Sublessee or its contractors, licensees, agents, servants or employees, or
arising from an accident, injury or damage, howsoever and by whomsoever
caused, to any person or property, occurring in or about the premises or any
part thereof, unless such accident, injury or damage shall arise solely at
Sublessor's negligence. Sublessor shall indemnify and hold Sublessee
harmless from any liability for loss or damage (excepting that which results
from the negligence of Sublessee, its agents, servants and employees)
occurring to customers or other invitees of Sublessee in the common areas.
Sublessor assumes no responsibility or liability for any damaged motor
vehicles of Sublessee, its customers, employees, or invitees, or for loss of
property from such motor vehicles unless such damage or loss is caused solely
by Sublessor's negligence.
14. SIGNS. Sublessee shall have the right to place business signs on
the Premises subject to Sublessor approval which shall not be unreasonably
withheld. All signs that are attached to the Premises shall remain the
property of Sublessee at the termination or expiration thereof.
15. SATELLITE DISH. Sublessee shall have the right to install a
non-penetrating satellite dish on the roof of the Premises.
16. CAUSES OF ACTION. Sublessee has no, and will have no, claims or
causes of action against Capital Automotive L.P. in connection with the
termination of the Existing Lease or under the terms of the Sublease.
SUBLESSOR: WESTGATE CHEVROLET, a Texas corporation
By: /s/ Xxxxxx X. Xxxx, Vice President
SUBLESSEE: ENTERPRISE RENT-A-CAR COMPANY
By: /s/ Xxxx Xxxxxxx
Its: Vice President & General Manager
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