Dated 22 January, 2007 (1 ) Landlord: DAVID COLGAN, PHILIP MONAGHAN, FINIAN McDONNELL AND PATRICK RYAN (2 ) Tenant: AMARIN PHARMACEUTICALS IRELAND LIMITED (3 ) Guarantor: AMARIN CORPORATION PLC.
Table of Contents
Exhibit 4.71
Dated | 22 January, 2007 | |||||
(1 | ) | Landlord: | XXXXX XXXXXX, XXXXXX XXXXXXXX, XXXXXX XxXXXXXXX AND XXXXXXX XXXX | |||
(2 | ) | Tenant: | AMARIN PHARMACEUTICALS IRELAND LIMITED | |||
(3 | ) | Guarantor: | AMARIN CORPORATION PLC. |
LEASE
- of -
Part First Floor, Block 0,
Xxx Xxxx,
Xxxxxxxxxx Xxxx,
Xxxxxx 4
including use of 1 car space
- of -
Part First Floor, Block 0,
Xxx Xxxx,
Xxxxxxxxxx Xxxx,
Xxxxxx 4
including use of 1 car space
Term Commences:
|
22nd day of January 2007 | |
Length of Term:
|
20 years | |
Rent Reviews:
|
Every Five Years | |
Initial Rent:
|
€166,036.00 p.a. exclusive (subject to review as herein provided) |
Xxxxxx Xxx
Earlsfort Centre
Earlsfort Terrace
Dublin 2
JSW/9813.3/emcd 2.1.07
Table of Contents
INDEX
1 DEFINITIONS
|
1 | |||
2 INTERPRETATION
|
4 | |||
3 DEMISE AND RENTS
|
5 | |||
4 TENANT’S COVENANTS
|
5 | |||
4.1 Rents
|
5 | |||
4.2 Interest on arrears
|
5 | |||
4.3 Outgoings
|
5 | |||
4.4 Repairs
|
6 | |||
4.5 Decorations
|
6 | |||
4.6 Cleaning
|
6 | |||
4.7 Yield Up
|
6 | |||
4.8 Rights of entry by Landlord
|
7 | |||
4.9 To Comply with Notices
|
7 | |||
4.10 Dangerous materials and use
of machinery
|
7 | |||
4.11 Overloading floors and
services
|
7 | |||
4.12 Conduits
|
7 | |||
4.13 Disposal of refuse
|
7 | |||
4.14 Obstruction of Common Parts
|
8 | |||
4.15 Prohibited users
|
8 | |||
4.16 User
|
8 | |||
4.17 Nuisance
|
8 | |||
4.18 Alterations
|
8 | |||
4.19 Signs and advertisements
|
9 | |||
4.20 Alienation
|
9 | |||
4.21 Registration of dispositions
|
10 | |||
4.22 Disclosure of information
|
10 | |||
4.23 Landlord’s costs
|
10 | |||
4.24 Statutory requirements
|
11 | |||
4.25 Planning Acts and the
Building Control Act
|
11 | |||
4.26 Statutory notices
|
12 | |||
4.27 Fire and safety precautions
and equipment
|
12 | |||
4.28 Electro-Magnetic Compatibility
|
12 | |||
4.29 Encroachments and easements
|
12 | |||
4.30 Reletting notices
|
13 | |||
4.31 Indemnity
|
13 | |||
4.32 Landlord’s Regulations
|
13 | |||
4.33 Window Blinds
|
13 | |||
4.34 Tenants Handbook
|
13 | |||
4.35 Xxxxxxxx Avenue and Ramp
|
13 | |||
4.36 Stamp Duty and Value Added Tax
|
13 | |||
5 LANDLORD’S COVENANTS
|
14 | |||
5.1 Quiet Enjoyment
|
14 | |||
5.2 Building Services
|
14 | |||
5.3 Car Park Services
|
14 | |||
5.4 Scheme Services
|
14 | |||
6 INSURANCE
|
14 | |||
6.1 Landlord to insure
|
14 |
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6.2 Landlord to produce evidence
of insurance
|
15 | |||
6.3 Destruction of the Demised
Premises
|
15 | |||
6.4 Where reinstatement is
prevented
|
15 | |||
6.5 Cesser of rent and Service
Charge
|
15 | |||
6.6 Insurance becoming void
|
16 | |||
6.7 Notice by Tenant
|
16 | |||
7 PROVISOS
|
16 | |||
7.1 Forfeiture
|
16 | |||
7.2 No implied easements
|
16 | |||
7.3 Exclusion of warranty as to
user
|
16 | |||
7.4 Representations
|
17 | |||
7.5 Use of Demised Premises
outside Business Hours
|
17 | |||
7.6 Failure by Landlord to Provide
Services
|
17 | |||
7.7 Exclusion of Landlord’s
liability
|
17 | |||
7.8 Covenants relating to
Adjoining Property
|
17 | |||
7.9 Effect of waiver
|
17 | |||
7.10 Applicable Law
|
18 | |||
7.11 Notices
|
18 | |||
7.12 Disputes with adjoining
occupiers
|
18 | |||
8 BUILDING SERVICE CHARGE
|
18 | |||
9 CAR PARK SERVICE CHARGE
|
19 | |||
10 SCHEME SERVICE CHARGE
|
20 | |||
11 BREAK OPTION
|
21 | |||
12 THE GUARANTOR’S COVENANTS
|
22 | |||
13 SECTION 45 LAND ACT 1965
|
22 | |||
14 FINANCE ACT CERTIFICATES
|
22 | |||
15 SECTION 29 COMPANIES ACT,
1990
|
22 | |||
FIRST SCHEDULE
|
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SECOND SCHEDULE
|
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THIRD SCHEDULE
|
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FOURTH SCHEDULE
|
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FIFTH SCHEDULE
|
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SIXTH SCHEDULE
|
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SEVENTH SCHEDULE
|
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EIGHTH SCHEDULE
|
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NINTH SCHEDULE
|
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TENTH SCHEDULE
|
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APPENDIX ‘A’
|
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THIS LEASE is made the 22nd day of January 2007
BETWEEN
1 LANDLORD: XXXXX XXXXXX of Kerrymount Avenue,
Foxrock, Dublin 18, XXXXXX XXXXXXXX of 00 Xxxxxxxx Xxxxx,
Xxxxxxx, Xxxxxx 14, XXXXXX XxXXXXXXX of
“Finel”, Castleknock Road, Castleknock, Co. Dublin
AND XXXXXXX XXXX of “Ardfallen”, Xxxxxxxxxx
Road, Dalkey, Co. Dublin
2 TENANT: AMARIN PHARMACEUTICALS IRELAND
LIMITED having its registered office at 00 Xxxxxxxx
Xxxx, Xxxxxxxxxxx, Xxxxxx 0.
3 GUARANTOR: AMARIN CORPORATION PLC. having
its registered office at 000 Xxxxxx Xxxxxx, Xxxxxx XX0X 0XX.
WITNESSETH
as follows:-
1. | DEFINITIONS |
In this Lease, unless the context otherwise requires the
following expressions shall have the following meanings:-
1.1 “Adjoining Property” means any
land and/or buildings adjoining or neighbouring the Demised
Premises;
1.2 “Base Rate” means annual rate of
interest for the time being chargeable under Section 22 of
the Courts Act 1981;
1.3 “Building” means the premises
more particularly described in the First
Schedule PROVIDED ALWAYS that for the purposes of
Clause 6 herein, reference to the Building in so far as it
includes the Demised Premises shall exclude (unless otherwise
agreed in writing by the Landlord and the Tenant) all additions,
alterations and improvements made to the Demised Premises by the
Tenant;
1.4 “Building Control Act” means the
Building Control Act 1990;
1.5 “Building Due Proportion” means
the ratio which the Net Internal Area of the Demised Premises
bears to the aggregate of the Net Internal Areas of the Lettable
Areas within the Building;
1.6 “Building Services” mean the
services specified in the Seventh Schedule hereto or any of them;
1.7 “Building Service Charge” means
the aggregate costs, expenses and outgoings paid, payable,
incurred or borne from time to time in the provision of the
Building Services;
1.8 “Business Hours” mean for the
purpose of the provision of the services referred to in
Clause 5.2., the usual business or working hours of the
Building Mondays to Fridays (inclusive) (excluding Christmas
Day, Good Friday and all usual bank or public holidays) as
determined by the Landlord in accordance with the principles of
good estate management and such additional hours as may, from
time to time, be reasonably approved by the Landlord, who shall
have regard to the interests of the tenants and occupiers of the
Building;
1.9 “Car Park” means the car park at
Upper Basement and Lower Basement shown edged blue on Plan
No’s “1” and “2” annexed hereto
PROVIDED ALWAYS that the Landlord shall have the right to
exclude from this definition any part or parts of the said car
park which is/are exclusively demised (as opposed to exclusively
licensed) to occupiers of the Scheme;
1.10 “Car Park Proportion” means the
ratio which the number of Car Spaces bears to the total number
of car spaces within the Car Park from time to time;
1.11 “Car Park Services” mean the
services described in the Eighth Schedule hereto;
1.12 “Car Park Service Charge” means
the aggregate of the costs and expenses and outgoings paid,
payable, incurred or borne from time to time in the provision of
the Car Park Services;
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1.13 “Car Spaces” mean the car
spaces referred to in Clause 4 of the Third Schedule and
same shall be included in the definition of “Demised
Premises” for the purpose of the Fifth Schedule;
1.14 “Common Parts” mean the
pedestrian ways, courtyards, forecourts, entrance halls,
corridors, passages, toilets, lobbies, landings, staircases,
lifts and any other amenities in the Building or within the
curtilage thereof which are or may, from time to time, be
provided or designated by the Landlord for common use by the
tenants and occupiers of the Building and all persons expressly
or by implication authorised by them but excluding the Lettable
Areas;
1.15 “Conduits” mean each of the
following of whatsoever nature:-
all sewers, drains, pipes, gullies, gutters, ducts, mains,
watercourses, channels, subways, wires, cables, conduits, flues
and other transmission or conducting media and installations of
whatsoever nature or kind;
1.16 “Xxxxxxxx Avenue” means the
road together with associated footpaths, grass margins and
lighting shown for identification purposes shaded yellow on Plan
“3” annexed;
1.17 “Decoration Years” mean the
year ending 31st December 2009 and thereafter in every
subsequent third year of the term;
1.18 “Demised Premises” mean the
Premises demised by this Lease and more particularly described
in the Second Schedule and for the avoidance of doubt includes
only for the purposes of rent review the rights described in the
Third Schedule hereto;
1.19 “Guarantor” means the party (if
any) named as “Guarantor” at the commencement of this
Lease and, in the case of an individual, includes the personal
representatives of such Guarantor;
1.20 “Initial Rent” means One
Hundred and Sixty Six Thousand and Thirty Six Euro
(€166,036.00) per annum;
1.21 “Insured Risks” mean, subject
always to such exclusions, excesses and limitations as are
normally available and as may be imposed by the Landlord’s
insurers for the time being in respect of any or all of the
following risks;
fire, xxxxx, xxxxxxx, flood, earthquake, subsidence, lightning,
explosion, impact, aircraft and other aerial devices and
articles dropped therefrom, riot, civil commotion and malicious
damage, bursting or overflowing of water tanks, apparatus or
pipes and such other risks as the Landlord may in its absolute
discretion from time to time determine;
1.22 “Landlord” means the party or
parties named as “Landlord” at the commencement of
this Lease, and includes the person for the time being entitled
to the reversion immediately expectant on the determination of
the Term;
1.23 “Lease” means this Lease and
any document which is made supplemental hereto, or which is
entered into pursuant to or in accordance with the terms hereof;
1.24 “Lease of Easements” means the
Lease of Easements dated the 19 day of October 2005 and
made between Brooklawn Property Holding Company Limited of the
one part the Landlord of the other part.
1.25 “Lettable Areas” mean those
parts of the Scheme from Ground Floor Level and upwards
(including the Demised Premises) leased or intended to be leased
to occupational tenants but excluding for the avoidance of
doubt, any areas leased at upper basement or lower basement
levels;
1.26 “Net Internal Area” has the
meaning ascribed thereto in the Measuring Practice Guidance
Notes issued jointly by the Society of Chartered Surveyors with
others and in the event of the said Measuring Notes ceasing to
exist such Measurement Code as shall replace or substitute the
same from time to time;
1.27 “Permitted User” means offices.
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1.28 “Perpetuity Period” means the
period commencing on the date of this Lease and ending on the
expiration of twenty one years from the date of the death of the
last survivor of the issue now living of His Late Britannic
Majesty King Xxxxxx X.
1.29 “Plans” mean the plans annexed
to this Lease;
1.30 “Planning Acts” mean the
Planning and Development Acts 2000 — 2004;
1.31 “Prescribed Rate” means the
rate per centum per month which shall exceed by one half per
centum per month the monthly rate of interest for the time being
chargeable under Section 1080 of the Taxes Consolidation
Act 1997 (or such other monthly rate of interest as may from
time to time be chargeable upon arrears of tax) or if the
Landlord shall so elect at a rate of eighteen per centum per
annum.
1.32 “Public Health Acts” mean the
Local Government (Sanitary Services) Act, 1878 to 1964;
1.33 “Quarterly Xxxx Days” mean 1st
day of January, 1st day of April, 1st day of July and 1st day of
October in every year of the Term.
1.34 “Ramp” means the car park
access ramp leading from Xxxxxxxx Avenue to the Car Park shown
for identification purposes shaded orange on Plan “3”
annexed hereto;
1.35 “Rent Commencement Date” means
22nd day of January 2007;
1.36 “Rent Review Dates” means the
first day of the sixth year, the first day of the eleventh year,
the first day of the sixteenth year, the first day of the twenty
first year, the first day of the twenty sixth year and the first
day of the thirty first year of the Term.
1.37 “Retained Parts” mean all parts
of the Building which do not comprise Lettable Areas, including,
but not limited to:-
1.37.1 the Common Parts;
1.37.2 any parts of the Building reserved by the
Landlord for the housing of plant, machinery and equipment or
otherwise in connection with or required for the provision of
services;
1.37.3 all Conduits in, upon, over, under or within
and exclusively serving the Building except any that exclusively
serve the Lettable Areas therein;
1.37.4 the main structure of the Building and, in
particular, but not by way of limitation, the roof, foundations,
external walls, internal load bearing walls and the structural
parts of the roof ceilings and floors, all party structures,
boundary walls, railings and fences and all exterior parts of
the Building;
1.38 “Safety Health and Welfare at Work
Act” means the Safety Health and Welfare at Work Act
1995.
1.39 “Scheme” means the development
located at Shelbourne Xxxx, Xxxxxx 0 shown for identification
purposes only edged blue on Site Plan No. “4” annexed
hereto and shall be deemed to include such further or additional
lands as the Landlord shall from time to time declare to form
part of the Scheme and shall exclude such parts of the Scheme as
the Landlord shall from time to time declare to no longer form
part of the Scheme;
1.40 “Scheme Common Areas” means
those parts of the Scheme declared by the Landlord from time to
time to be for the common benefit of all owners and/or occupiers
of the Scheme the initial configuration of which shall comprise
those parts of the Scheme shown coloured yellow on Plan
“4” annexed hereto;
1.41 “Scheme Due Proportion” means
the ratio which the Net Internal Area of the Demised Premises
bears to the aggregate Net Internal Areas of the Lettable Areas
within the Scheme;
1.42 “Scheme Service Charge” means
the aggregate costs, expenses and outgoings paid, payable
incurred or borne from time to time in the provision of the
Scheme Services;
1.43 “Scheme Services” means the
services specified in the Ninth Schedule hereto or any of them;
1.44 “Service Charge Commencement
Date” means 22nd day of January 2007;
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1.45 “Surveyor” means any person
appointed by the Landlord (including an employee of the Landlord
and the person appointed by the Landlord to collect the rents
and manage the Building) to perform the function of a surveyor
for any purpose of this Lease but does not include the Surveyor
defined in the Fifth Schedule;
1.46 “Tenant” means the party or
parties named as “Tenant” at the commencement of this
Lease and includes the successors in title of the Tenant and
permitted assigns of the Tenant and, in the case of an
individual or individuals his/their personal representatives;
1.47 “Term” means Twenty Years.
1.48 “Term Commencement Date” means
22nd day of January 2007;
1.49 “Utilities” mean the following
of whatsoever nature:-
water, soil, steam, air, gas, electricity; radio, television,
telegraphic, telephonic and other communications, and other
services and information;
1.50 “the 1860 Act” and “the
1881 Act” shall mean respectively the Landlord and
Tenant Law Amendment Act, Ireland, 1860 and the Conveyancing Act
1881.
2. | INTERPRETATION |
Unless there is something in the subject or context inconsistent
therewith:
2.1 where two or more persons are included in the
expression “the Landlord” and/or “the
Tenant” and/or “the Guarantor” the covenants
which are expressed to be made by the Landlord and/or the Tenant
and/or the Guarantor shall be deemed to be made by such persons
jointly and severally;
2.2 words importing persons shall include firms,
companies and corporations and vice versa;
2.3 any covenant by the Tenant not to do any act or
thing shall include an obligation not to permit or suffer such
act or thing to be done;
2.4 any requirement in this Lease to obtain the
consent of the Landlord shall be deemed to include an obligation
to obtain the consent of the Superior Landlord where this is
required under and by virtue of the Superior Lease. The Landlord
herein shall not be deemed to be unreasonably withholding
consent if the Superior Landlord has withheld consent. In such
instance no further action shall be required to be taken by the
Landlord against the Superior Landlord in that regard.
2.5 references to any right of the Landlord to have
access to or entry upon the Demised Premises shall be construed
as extending to all persons authorised by the Landlord, to
include the Superior Landlord and their and each of their
agents, professional advisers, prospective purchasers of any
interest of the Landlord or the Superior Landlord in the Demised
Premises or in the Adjoining Property, contractors, workmen and
others;
2.6 any reference to a statute or statutes (whether
specifically named or not) or to any sections or sub-sections
therein shall include any amendments or re- enactments thereof
for the time being in force and all Statutory Instruments,
orders, notices, regulations, directions, bye-laws, permissions
and plans for the time being made, issued or given thereunder or
deriving validity therefrom;
2.7 the titles or headings appearing in this Lease
are for reference only and shall not affect its construction or
interpretation;
2.8 wherever in this Lease either party is granted a
future interest in property there shall be deemed to be included
in respect of every such grant a provision requiring that future
interest to vest within the Perpetuity Period;
2.9 any reference to a clause or schedule shall mean
a clause or schedule of this Lease;
2.10 any reference to the masculine gender shall
include reference to the feminine gender and any reference to
the neuter gender shall include the masculine and feminine
genders and reference to the singular shall include reference to
the plural.
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2.11 if any term or provision in this Lease shall be
held to be illegal or unenforceable in whole or in part, such
term shall be deemed not to form part of this Lease but the
enforceability of the remainder of this Lease shall not be
affected;
3. | DEMISE AND RENTS |
The Landlord in consideration of the rents herein reserved
(including the increases thereof as hereinafter provided) and
the covenants on the part of the Tenant and the conditions
hereinafter contained HEREBY DEMISES unto the Tenant the
Demised Premises TOGETHER WITH the rights, easements and
privileges specified in the Third Schedule EXCEPTING AND
RESERVING the rights and easements specified in the Fourth
Schedule SUBJECT TO all rights, easements,
quasi-easements, privileges, covenants, restrictions and
stipulations of whatsoever nature affecting the Demised Premises
TO HOLD the Demised Premises unto the Tenant from and
including the Term Commencement Date for the Term YIELDING
AND PAYING unto the Landlord during the Term:-
3.1 yearly and proportionately for any fraction of a
year, the Initial Rent and from and including each Rent Review
Date, such yearly rent as shall become payable under and in
accordance with the provisions of the Fifth Schedule and in each
case to be paid (at the option of the Landlord, which said
option may be exercised on any number of occasions) either by
standing order, direct debit, credit transfer or cheque by equal
quarterly payments in advance on the Quarterly Xxxx Days without
any deduction, set-off or counterclaim whatsoever;
3.2 the Building Due Proportion of all sums which the
Landlord shall from time to time pay for insuring the Building
against the Insured Risks pursuant to Clause 6.1.
(including the whole of the sums which the Landlord shall from
time to time pay for insuring against loss of rent and the other
amounts referred to in Clause 6.1.6.), all such sums to be paid
on demand the first payment to be made on the execution hereof
and to be such amount as has been advised to the Tenant prior to
the delivery of this Lease;
3.3 the Building Due Proportion of the Building
Service Charge to be paid on demand in accordance with clause 8;
3.4 the Car Park Due Proportion of the Car Park
Service Charge to be paid on demand in accordance with clause 9;
3.5 the Scheme Due Proportion of the Scheme Service
Charge to be paid on demand in accordance with clause 10;
4. | TENANT’S COVENANTS |
The Tenant to the intent that the obligations may continue
throughout the Term HEREBY COVENANTS with the Landlord as
follows:
4.1 Rents
To pay the rents or increased rents reserved by this Lease and
referred to at paragraphs 3.1 to 3.5 inclusive any additional
sums payable herein at the times and in the manner herein
prescribed for the payment of same.
4.2 Interest
on arrears
Without prejudice to any other right, remedy or power herein
contained or otherwise available to the Landlord, if any of the
rents reserved by this Lease (whether formally demanded or not)
or if any other sum of money payable to the Landlord by the
Tenant under this Lease shall remain unpaid for more than
fourteen days after the date when payment was due, to pay
interest thereon at the Prescribed Rate from and including the
date on which payment was due to the date of payment to the
Landlord (both before and after any judgment).
4.3 | Outgoings |
4.3.1 To pay and indemnify the Landlord against all
existing and future rates, taxes, duties, charges, assessments,
impositions and outgoings whatsoever (whether parliamentary,
parochial, local or of any other
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description and whether or not of a capital or non-recurring
nature) which now are or may at any time during the Term be
charged, levied, assessed or imposed upon or payable in respect
of the Demised Premises or upon the owner or occupier of them
(excluding any tax payable by the Landlord upon any of the rents
herein received or occasioned by any disposition of or dealing
with the reversion of this Lease);
4.3.2 To pay all charges for electricity, gas (if
any), water and other services consumed in the Demised Premises,
including any connection and hiring charges and meter rents and
to perform and observe all present and future regulations and
requirements of the electricity, gas and water supply
authorities or boards in respect of the supply and consumption
of electricity, gas and water on the Demised Premises and to
keep the Landlord indemnified against any breach thereof.
4.4 | Repairs |
To repair and keep in good and substantial repair and condition
the Demised Premises and, as often as may be necessary, to
rebuild, reinstate or renew any part or parts of the Demised
Premises (damage by the Insured Risks excepted (other than in
respect of any amount which may be deducted or disallowed by the
insurers pursuant to any excess provision in the insurance
policy upon settlement of any claim by the Landlord) save to the
extent that payment of the insurance moneys shall be withheld by
reason of any act, neglect or default of the Tenant or the
servants or agents of the Tenant or any undertenant or any
person under its or their control) and, as and when necessary,
to replace any of the Landlord’s fixtures and fittings
which may be or become beyond repair with new ones which are
similar in type and quality AND in case the Demised
Premises or any part thereof shall be destroyed or become
ruinous and uninhabitable or incapable of beneficial occupation
or enjoyment by for or from any of the Insured Risks the Tenant
hereby absolutely waives and abandons its rights (if any) to
surrender this Lease under the provisions of Section 40 of
the 1860 Act or otherwise.
4.5 | Decorations |
In every Decoration Year and also in the last three months of
the Term (whether determined by effluxion of time or otherwise)
in a good and workmanlike manner to prepare and decorate (with
two coats at least of good quality paint) or otherwise treat, as
appropriate, all parts of the Demised Premises required to be so
treated and, as often as may be reasonably necessary, to wash
down all tiles, glazed bricks and similar washable surfaces;
such decorations and treatment in the last year of the Term to
be executed in such colours and materials as the Landlord may
reasonably require.
4.6 | Cleaning |
To keep the Demised Premises in a clean and tidy condition
AND at least once in every month, to clean properly all
windows and window frames and all other glass in the Demised
Premises PROVIDED ALWAYS that where the Landlord arranges
the cleaning of the external parts of the external windows in
the Building as part of the Building Services the Tenant shall
not be obliged to undertake this.
4.7 | Yield Up |
At the expiration or sooner determination of the Term quietly to
yield up the Demised Premises in such good and substantial
repair and condition as shall be in accordance with the
covenants on the part of the Tenant herein contained and in any
licence or consent granted by the Landlord pursuant to the
provisions of this Lease and in case any of the Landlord’s
fixtures and fittings shall be missing, broken damaged or
destroyed to forthwith replace them with others of a similar
kind and of equal value and to remove from the Demised Premises
any moulding, sign, writing or painting of the name or business
of the Tenant or occupiers and if so required by the Landlord,
but not otherwise, to remove and make good to the original
prevailing condition, all alterations or additions made to the
Demised Premises by the Tenant including the making good of any
damage caused to the Demised Premises by the removal of the
Tenant’s fixtures, fittings, furniture and effects.
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4.8 | Rights of entry by Xxxxxxxx |
To permit the Landlord with all necessary materials and
appliances at all reasonable times upon reasonable prior written
notice (except in cases of emergency) to enter and remain upon
the Demised Premises for any of the following purposes:-
4.8.1 to view and examine the state and condition of
the Demised Premises and to take schedules or inventories of the
Landlord’s fixtures;
4.8.2 to exercise any of the rights excepted and
reserved by this Lease;
4.8.3 for any other purpose connected with the
interest of the Landlord in the Demised Premises or the
Building, including but not limited to, valuing or disposing of
any interest of the Landlord.
4.9 | To Comply with Notices |
Whenever the Landlord shall give written notice to the Tenant of
any defects, wants of repair or breaches of covenant, the Tenant
shall within sixty (60) days of such notice, or sooner if
requisite, make good and remedy the breach of covenant to the
reasonable satisfaction of the Landlord and if the Tenant shall
fail within twenty-one (21) days of such notice, or as soon
as reasonably possible in the case of emergency, to commence and
then diligently and expeditiously to continue to comply with
such notice, the Landlord may enter the Demised Premises and
carry out or cause to be carried out all or any of the works
referred to in such notice and all costs and expenses thereby
incurred shall be paid by the Tenant to the Landlord on demand,
and in default of payment, shall be recoverable as rent in
arrear.
4.10 | Dangerous materials and use of machinery |
4.10.1 Not to or keep in or on the Demised Premises
any article or thing which is or might become dangerous,
offensive, unduly combustible or inflammable, radio-active or
explosive or which might unduly increase the risk of fire or
explosion;
4.10.2 Not to keep or operate in the Demised Premises
any machinery which shall be unduly noisy or cause vibration or
which is likely to annoy or disturb the other tenants and
occupiers of the Building or of the Adjoining Property.
4.11 | Overloading floors and services |
4.11.1 Not to overload the floors of the Demised
Premises or suspend any excessive weight from the roofs,
ceilings, walls, stanchions or structure of the Building and not
to overload the Utilities and Conduits in or serving the
Building;
4.11.2 Not to do anything which may subject the
Demised Premises or the Building or any parts thereof to any
strain beyond that which they are designed to bear with due
margin for safety;
4.11.3 to observe the weight limits and capacity
prescribed for all lifts in the Building.
4.12 | Conduits |
Not to discharge into any Conduits any oil or grease or any
noxious or deleterious effluent or substance whatsoever which
may cause an obstruction or might be or become a source of
danger, or which might injure the Conduits or the drainage
system of the Building or the Adjoining Property.
4.13 | Disposal of refuse |
Not to deposit in or on the Common Parts any trade empties,
rubbish or refuse of any kind, other than in proper receptacles,
provided for the purpose or as may be designated by the Landlord
and not to burn any rubbish or refuse within the curtilage of
the Building.
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4.14 | Obstruction of Common Parts |
Not to do anything whereby the Common Parts or other areas over
which the Tenant may have rights of access or use may be
damaged, or the fair use thereof by others may be obstructed in
any manner whatsoever.
4.15 | Prohibited users |
4.15.1 Not to use the Demised Premises or any part
thereof for any public or political meeting, public exhibition
or public entertainment show or spectacle of any kind, nor for
any dangerous, noisy, noxious or offensive trade, business or
occupation whatsoever, nor for any illegal or immoral purpose,
nor for residential or sleeping purposes;
4.15.2 Not to use the Demised Premises or any part
thereof for gambling, betting, gaming or wagering, or as a
betting office, or as a club, or for the sale of beer, wines and
spirits, and not to play or use any musical instrument, record
player, loud speaker or similar apparatus in such a manner as to
be audible outside the Demised Premises, and not to hold any
auction on the Demised Premises;
4.15.3 Not to place outside the Demised Premises, nor
to expose from the windows of the Demised Premises, any
articles, goods or things of any kind.
4.16 | User |
4.16.1 Not without the prior written consent of the
Landlord (which consent shall not be unreasonably withheld or
delayed) to use the Demised Premises or any part thereof except
for the Permitted User
4.16.2 Not to leave the Demised Premises continuously
unoccupied (other than for normal holiday periods) without
notifying the Landlord and providing such caretaking or security
arrangements as the Landlord shall reasonably require in order
to protect the Demised Premises from vandalism, theft or
unlawful occupation;
4.16.3 At all times to comply with all requirements
of the relevant Local Authority in connection with the user of
the Demised Premises for the purpose of the Tenant’s
business;
4.16.4 To provide the Landlord with the name, address
and home telephone number of at least two authorised key holders
for the time being of the Demised Premises and to notify the
Landlord of any changes in the person(s) so authorised as
keyholders of the Demised Premises;
4.17 | Nuisance |
Not to do anything in or about the Demised Premises or the
Building which may be or become a nuisance, or which may cause
damage, annoyance, inconvenience or disturbance to the Landlord
or the other tenants in the Building or the owners, tenants or
occupiers of the Adjoining Property, or which may be injurious
to the value, tone, amenity or character of the Building.
4.18 | Alterations |
4.18.1 Not to erect any new building or new structure
on the Demised Premises or any part thereof, nor to alter, add
to or change the height, elevation or external architectural or
decorative design or appearance of the Demised Premises, nor to
merge the Demised Premises with any Adjoining Property.
4.18.2 Not to alter, divide, cut, maim, injure or
remove any of the principal or load-bearing walls, floors, beams
or columns of the Demised Premises, nor to make any other
alterations or additions of a structural nature to the Demised
Premises.
4.18.3 Not to make any structural alterations or
other alterations or additions to the Landlord’s fixtures
or to any of the Conduits without obtaining the prior written
consent of the Landlord;
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4.18.4 Not to make any alterations or additions of a
non-structural nature to the Demised Premises without obtaining
the prior written consent of the Landlord, (such consent not to
be unreasonably withheld or delayed);
4.18.5 The Landlord may, as a condition of giving any
such consent, require the Tenant to enter into such covenants,
as the Landlord shall require, regarding the execution of any
such works and the reinstatement of the Demised Premises at the
end or sooner determination of the Term.
4.18.6 If any alterations or additions to or within
the Demised Premises result in a variation of the reinstatement
cost of the Demised Premises from the said cost prior to such
alterations or additions;
4.18.6.1 Forthwith to give notice in writing to the
Landlord of the variation in value so caused to enable the
Landlord to alter the insurance cover in respect of the Demised
Premises;
4.18.6.2 To pay or reimburse to the Landlord any
shortfall of insurance cover caused by a failure to comply with
the requirements in Sub-Clause 4.18.6.1;
4.18.6.3 Notice under Sub-Clause 4.18.6.1
notifying the variation of the reinstatement cost shall only be
sufficient notice if it refers to the Sub-Clause in question and
the Landlord shall not otherwise be deemed to have received such
notice or to be responsible for varying the said insurance cover.
4.19 | Signs and advertisements |
Not to erect or display on the exterior of the Demised Premises
or in the windows thereof so as to be visible from the exterior,
any pole, flag, aerial, advertisement poster, notice or other
sign or thing whatsoever, save that the Tenant may display on
the entrance door to the Demised Premises a sign stating the
Tenant’s name and business or profession on obtaining the
prior written consent of the Landlord to the size, style and the
position thereof and the materials to be used (such consent not
to be unreasonably withheld or delayed).
4.20 | Alienation |
Not to assign, mortgage, charge, transfer, underlet, or part
with the possession or occupation of the Demised Premises or any
part thereof or suffer any person to occupy the Demised Premises
or any part thereof as a licensee BUT SO THAT
NOTWITHSTANDING the foregoing the Landlord shall not
unreasonably withhold its consent to an assignment of the entire
or to an underletting of the entire of the Demised Premises to
an assignee or underlessee of good and sufficient financial
standing and otherwise reasonably acceptable to the Landlord
subject always to the following provisions or such of them as
may be appropriate, that is to say:-
4.20.1 The Tenant shall prior to any such alienation
as aforesaid apply to the Landlord and give all reasonable
information concerning the proposed transaction and concerning
the proposed assignee, under-lessee or disponee as the Landlord
may require;
4.20.2 The Landlord’s consent to any such
alienation shall be in writing and shall be given in such manner
as the Landlord shall decide and the Tenant shall pay the
reasonable costs of the Landlord in connection with the
furnishing of such consent;
4.20.3 In the case of an assignment to a limited
liability company, it shall be deemed reasonable for the
Landlord to require that two directors of standing satisfactory
to the Landlord shall join in such consent as aforesaid as
sureties for such Company in order jointly and severally to
covenant with the Landlord in the manner described in the
guarantee contained in the Sixth Schedule (mutatis mutandis);
4.20.4 In the case of an under-lease the same shall
be of the entire of the Demised Premises and shall be made
without taking a fine or premium at the then current market rent
or at the rent payable hereunder at the time of the granting of
such under-lease (whichever is the higher) and the under-lessee
shall, if required by the Landlord, enter into a direct covenant
with the Landlord to perform and observe all the covenants
(other than that for payment of the rents hereby reserved) and
conditions herein contained and every such under-lease shall
also be subject to the following conditions, that is to say that
it shall contain:-
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4.20.4.1 provisions for the review of the rent
thereby reserved (which the Tenant hereby covenants to operate
and enforce) on an upwards only basis corresponding both as to
terms and dates and in all other respects (mutatis mutandis)
with the rent review provisions contained in this Lease;
4.20.4.2 a covenant, condition or proviso under which
the rent from time to time payable under such under-lease shall
not be less than the rent from time to time payable hereunder;
4.20.4.3 a covenant by the undertenant (which the
Tenant hereby covenants to enforce) prohibiting the undertenant
from doing or suffering any act or thing upon or in relation to
the Demised Premises inconsistent with, or in breach of, the
provisions of this Lease;
4.20.4.4 a condition for re-entry on breach of any
covenant by the undertenant;
4.20.4.5 the same restrictions as to alienation,
assignment, underletting, parting with or sharing the possession
or occupation of the premises underlet;
4.20.5 To enforce at the Tenant’s own expense
the performance and observance by every such undertenant of the
covenants, provisions and conditions of the under-lease and not,
at any time, either expressly or by implication, to waive any
breach of the same;
4.20.6 Not to agree any reviewed rent with the
undertenant or any rent payable on any renewal thereof without
the prior written consent of the Landlord (such consent not to
be unreasonably withheld or delayed);
4.20.7 Not to vary the terms or accept any surrender
of any permitted under- lease without the prior written consent
of the Landlord, such consent not to be unreasonably withheld or
delayed.
4.21 | Registration of dispositions |
Within twenty-one (21) days of every alienation,
assignment, transfer, assent, under-lease, assignment of
under-lease, mortgage, charge (including lodgment of the
relevant document or instrument as security) or any other
disposition, whether mediate or immediate, of or relating to the
Demised Premises or any part thereof, to produce to and leave
with the Landlord or its solicitors a certified copy of the
deed, instrument or other document evidencing or effecting such
disposition and to pay to the Landlord’s solicitors their
reasonable legal costs and other expenses in connection with
such alienation.
4.22 | Disclosure of information |
Upon making any application or request in connection with the
Demised Premises or this Lease, to disclose to the Landlord such
information as the Landlord may reasonably require and, whenever
the Landlord shall reasonably request, to supply full
particulars;
4.22.1 of all persons in actual occupation or
possession of the Demised Premises and of the right in which
they are in such occupation or possession, and
4.22.2 of all persons having an interest in the
Demised Premises (other than in the reversion to the Term).
4.23 | Landlord’s costs |
To pay and indemnify the Landlord against all reasonable costs,
fees, charges, disbursements and expenses properly incurred by
the Landlord, including, but not limited to, those payable to
solicitors, counsel, architects, surveyors and sheriffs
4.23.1 in relation to the preparation and service of
a notice under Section 14 of the 1881 Act and of any
proceedings under the 1881 Act and/or the 1860 Act (whether or
not any right of re-entry or forfeiture has been waived by the
Landlord or a notice served under Section 14 of the 1881
Act has been complied with by the Tenant and notwithstanding
that forfeiture has been avoided otherwise than by relief
granted by the Court);
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4.23.2 in relation to the preparation and service of
all notices and schedules relating to wants of repair, whether
served during or after the expiration of the Term (but relating
in all cases only to such wants of repair that accrued not later
than the expiration or sooner determination of the Term);
4.23.3 in connection with the recovery or attempted
recovery of arrears of rent or other sums due from the Tenant,
or in procuring the remedying of the breach of any covenant by
the Tenant;
4.23.4 in relation to any application for consent
required or made necessary by this Lease whether or not the same
is granted (except in cases where the Landlord is obliged not to
unreasonably withhold its consent and the withholding of its
consent is held to be unreasonable), or whether or not the
application has been withdrawn;
4.23.5 In relation to any application made by the
Landlord at the request of the Tenant and whether or not such
application is accepted, refused or withdrawn.
4.24 | Statutory requirements |
4.24.1 At the Tenant’s own expense, to comply in
all respects with the provisions of all Acts, Statutory
Instruments, Bye Laws and other regulations now in force or
which may hereafter be in force and any other obligations
imposed by law relating to the Demised Premises or the user
thereof;
4.24.2 To execute all works and provide and maintain
all arrangements upon or in respect of the Demised Premises or
the user thereof, which are directed or required (whether by the
Landlord, Tenant or occupier) by any statute now in force or
which may hereafter be in force or by any government department,
local or other competent authority or duly authorised officer or
court of competent jurisdiction acting under or in pursuance of
any statute and to indemnify and keep the Landlord indemnified
against all costs, charges, fees and expenses of or incidental
to the execution of any works or the provision or maintenance of
any arrangements so directed or required;
4.24.3 Not to do in or near the Demised Premises, any
act or thing by reason of which the Landlord may, under any
statute, incur or have imposed upon it or become liable to pay
any penalty, damages, compensation, costs, charges or expenses.
4.25 | Planning Acts and the Building Control Act |
4.25.1 Not to do anything on or in connection with
the Demised Premises the doing or omission of which shall be a
contravention of the Planning Acts or the Building Control Act
or of any notices, orders, licences, consents, permissions and
conditions (if any) served, made, granted or imposed thereunder
and to indemnify (as well after the expiration of the Term by
effluxion of time or otherwise as during its continuance) and
keep indemnified the Landlord against all actions, proceedings,
damages, penalties, costs, charges, claims and demands in
respect of such acts and omissions or any of them and against
the costs of any application for planning permission,
commencement notices, fire safety certificates and the works and
things done in pursuance thereof;
4.25.2 In the event of the Landlord giving written
consent to any of the matters in respect of which the
Landlord’s consent shall be required under the provisions
of this Lease or otherwise and in the event of permission or
approval from any local authority under the Planning Acts or the
Building Control Act being necessary for any addition,
alteration or change in or to the Demised Premises or for the
change of user thereof, to apply, at the cost of the Tenant, to
the relevant local authority for all approvals, certificates,
consents and permissions which may be required in connection
therewith and to give notice to the Landlord of the granting or
refusal (as the case may be) together with copies of all such
approvals, certificates, consents and permissions forthwith on
the receipt thereof and to comply with all conditions,
regulations, bye laws and other matters prescribed by any
competent authority either generally or specifically in respect
thereof and to carry out such works at the Tenant’s own
expense in a good and workmanlike manner to the satisfaction of
the Landlord;
4.25.3 To give notice forthwith to the Landlord of
any notice, order or proposal for a notice or order served on
the Tenant under the Planning Acts or the Building Control Act
and if so required by the Landlord to
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produce the same and at the request of the Landlord but at the
cost of the Tenant, to make or join in making such objections or
representations in respect of any proposal as the Landlord may
require;
4.25.4 To comply at its own cost with any notice or
order served on the Tenant under the provisions of the Planning
Acts or the Building Control Act;
4.25.5 Not to implement any planning permission
before it and any necessary fire safety certificates have been
produced to and approved in writing by the Landlord (such
approval not to be unreasonably withheld or delayed) PROVIDED
THAT the Landlord may refuse to approve such planning
permission or fire safety certificate on the grounds that any
condition contained in it or anything omitted from it or the
period referred to in it would, in the reasonable opinion of the
Landlord, be or be likely to be, prejudicial to the
Landlord’s interest in the Demised Premises.
4.25.6 To produce to the Landlord on demand all
plans, documents and other evidence as the Landlord may
reasonably require in order to satisfy itself that all of the
provisions in this covenant have been complied with.
4.26 | Statutory notices |
Within fourteen (14) days of receipt of the same (or sooner
if requisite having regard to the requirements of the notice or
order in question or the time limits stated therein) to produce
to the Landlord a true copy and any further particulars required
by the Landlord of any notice or order or proposal for the same
given to the Tenant and relevant to the Demised Premises or the
occupier thereof by any government department or local or public
or statutory authority, and, without delay, to take all
necessary steps to comply with the notice or order in so far as
the same is the responsibility of the Tenant, and, at the
request of the Landlord but at the cost of the Tenant, to make
or join with the Landlord in making such objection or
representation against or in respect of any such notice, order
or proposal as the Landlord shall deem expedient.
4.27 | Fire and safety precautions and equipment |
4.27.1 To comply with the requirements and
recommendations (whether notified or directed to the Landlord
and then to the Tenant or directly to the Tenant) of the
appropriate local authority, the insurers of the Building and
the Landlord in relation to fire and safety precautions
affecting the Demised Premises;
4.27.2 Not to obstruct the access to or means of
working any fire fighting, extinguishing and other safety
appliances for the time being installed in the Demised Premises
or in the Building or the means of escape from the Demised
Premises or the Building in case of fire or other emergency.
4.27.3 To comply at all times with the provisions of
the Safety Health and Welfare at Work Act and (where applicable)
to furnish the Landlord with a copy of the Safety File prepared
pursuant thereto.
4.28 | Electro-Magnetic Compatibility |
To ensure that all electrical and electronic equipment located
placed or installed in the Demised Premises is, insofar as it is
reasonably practicable and foreseeable to do so, located, placed
or installed and kept and maintained in such place and in such
manner as to avoid or minimize electromagnetic interference,
including malfunction in its own or in other electrical and
electronic equipment in the Building, including in particular
(but without prejudice to the generality of the foregoing), data
transmission systems;
4.29 | Encroachments and easements |
Not to stop up, darken or obstruct any of the windows or lights
belonging to the Demised Premises and not to permit any new
window, light, opening, doorway, passage, Conduit or other
encroachment or easement to be made or acquired into, upon or
over the Demised Premises or any part thereof, and in case any
person shall attempt to make or acquire any encroachment or
easement whatsoever, to give written notice thereof to the
Landlord immediately the same shall come to the notice of the
Tenant, and, at the request of the Landlord but at the cost of
the
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Tenant, to adopt such means as may be reasonably required by the
Landlord for preventing any such encroachment or the acquisition
of any such easement.
4.30 | Reletting notices |
To permit the Landlord at all reasonable times during the last
six (6) months of the Term to enter upon the Demised
Premises and affix and retain without interference upon any
suitable parts of the Demised Premises (but not so as to
materially affect the access of light and air to the Demised
Premises) notices for reletting the same and not to remove or
obscure the said notices and to permit all persons with the
written authority of the Landlord to view the Demised Premises
at all reasonable hours in the daytime, upon prior written
notice having been given.
4.31 | Indemnity |
4.31.1 To keep the Landlord fully indemnified from
and against all actions, proceedings, claims, demands, losses,
costs, expenses, damages and liability arising in any way
directly or indirectly out of any act, omission or negligence of
the Tenant or any persons in on or about the Demised Premises
expressly or impliedly with the Tenant’s authority or the
user of the Demised Premises or any breach of the Tenant’s
covenants or the conditions or other provisions contained in
this Lease;
4.31.2 To effect and keep in force during the Term
such public liability, employer’s liability and other
policies of insurance (to the extent that such insurance cover
is available) as may be necessary to cover the Tenant against
any claim arising under this covenant and to extend such
policies of insurance so that the Landlord is indemnified by the
insurers in the same manner as the Tenant AND whenever
required to do so by the Landlord, to produce to the Landlord
the said policy or policies together with satisfactory evidence
that the same is/are valid and subsisting and that all premiums
due thereon have been paid.
4.32 | Landlord’s Regulations |
To comply with all reasonable regulations made by the Landlord
from time to time and notified to the Tenant in writing for the
general management and security of the Building and the Scheme
and any other areas used in common with others.
4.33 | Window Blinds |
Not to install any window blinds or curtains in the Demised
Premises without the prior written consent of the Landlord and
in particular the Tenant acknowledges that it shall be the duty
of the Tenant to comply with the requirements of the Landlord in
relation to the style and type of window blind/curtains in the
interests of a harmonious external appearance for the Building.
4.34 | Tenants Handbook |
To comply with and to perform and observe the requirements and
stipulations (as same may be adjusted from time to time as
notified by the Landlord to the Tenants for the time being of
the Building) as set out in the Operational Manual annexed
hereto as Appendix “A”.
0.00 | Xxxxxxxx Xxxxxx and Ramp |
To comply with all proper and reasonable regulations made from
time to time by the owner for the time being of Xxxxxxxx Avenue
and the Ramp concerning the use by the Tenant (if such be the
case) of Xxxxxxxx Avenue and the Ramp for the purpose of gaining
access to the Car Spaces.
4.36 | Stamp Duty and Value Added Tax |
To pay to the Landlord the stamp duty payable on this Lease and
the counterpart thereof and to pay and indemnify the Landlord
against any Value Added Tax payable on the delivery hereof or on
the rents reserved herein.
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5. | LANDLORD’S COVENANTS |
The Landlord HEREBY COVENANTS with the Tenant as follows:-
5.1 Quiet
Enjoyment
That the Tenant paying the rents reserved by this Lease and
performing and observing the covenants on the part of the Tenant
herein contained, shall and may peaceably hold and enjoy the
Demised Premises during the Term without any interruption by the
Landlord or any person lawfully claiming through, under, or in
trust for it.
5.2 | Building Services |
Subject to reimbursement by the Tenant of the Building Due
Proportion of the Building Service Charge, to use all reasonable
endeavours to provide so much of the Building Services as the
Landlord in its reasonable discretion shall consider appropriate
in accordance with the principles of good estate management.
5.3 | Car Park Services |
Subject to reimbursement by the Tenant of the Car Park Due
Proportion of the Car Park Service Charge, to use all reasonable
endeavours to provide or procure the provision of so much of the
Car Park Services as the Landlord shall consider appropriate in
accordance with the principles of good estate management.
5.4 | Scheme Services |
Subject to reimbursement by the Tenant of the Scheme Due
Proportion of the Scheme Service Charge, to use all reasonable
endeavours to provide or procure the provision of so much of the
Scheme Services as the Landlord shall consider appropriate in
accordance with the principles of good estate management.
6. | INSURANCE |
6.1 | Landlord to insure |
Subject to the Landlord being able to effect insurance against
any one or more of the items referred to in this sub-clause and
subject to reimbursement by the Tenant of the sums referred in
paragraph 3.2 of the reddendum, the Landlord covenants with the
Tenant to insure the following in the name of the Landlord:-
6.1.1 the Building against loss or damage by the
Insured Risks in the full reinstatement cost thereof (to be
determined from time to time by the Landlord or his Surveyor or
Professional Adviser) including;
6.1.2 Architects, Surveyors, Consultants and other
professional fees (including Value Added Tax thereon);
6.1.3 the costs of shoring up, demolishing, site
clearing and similar expenses;
6.1.4 all stamp duty and other taxes or duties
exigible on any building or like contract as may be entered into
and all other incidental expenses relative to the
reconstruction, reinstatement or repair of the Building;
6.1.5 such provision for inflation as the Landlord in
its absolute discretion shall deem appropriate;
6.1.6 the loss of rent and the service charge sums
referred to in paragraphs 3.3 to 3.5 of the reddendum, from time
to time payable, or reasonably estimated to be payable under
this Lease (taking account of any review of the rent which may
become due under this Lease) following loss or damage to the
Building by the Insured Risks, for three (3) years or such
longer period as the Landlord may, from time to time, reasonably
deem to be necessary, having regard to the likely period
required for obtaining planning permission and bye law approval
(if applicable) and any other consents and approvals for
reinstating the Building;
6.1.7 property owners, public, employer’s and
other liability of the Landlord arising out of or in relation to
the Building; and
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6.1.8 such other insurances as the Landlord may, in
its discretion from time to time, deem necessary to effect.
6.2 | Landlord to produce evidence of insurance |
6.2.1 At the request of the Tenant, the Landlord
shall and hereby covenants with the Tenant to produce to the
Tenant a copy or extract duly certified by the Landlord of the
policy/policies of such insurance and a copy of the receipt(s)
for the last premium or (at the Landlord’s option)
reasonable evidence from the insurers of the terms of the
insurance policy/policies and the fact that the policy/policies
is subsisting and in effect.
6.2.2 to use reasonable endeavours to procure that
the policy or policies of insurance effected by the Landlord
pursuant to clause 6.1 include a tenant’s non-invalidation
clause and a waiver of subrogation rights in favour of the
Tenant for so long as same are reasonably available in the
insurance market.
6.3 | Destruction of the Demised Premises |
If the Building or any part thereof is destroyed or damaged by
any of the Insured Risks so as to render the Demised Premises
unfit for use and occupation then:-
6.3.1 unless payment of the insurance moneys shall be
refused in whole or in part by reason of any act neglect or
default of the Tenant or the servants agents licensees or
invitees of the Tenant or any under-tenant or any person under
its or their control; and
6.3.2 subject to the Landlord being able to obtain
any necessary planning permission and fire safety certificates
and all other necessary licences, approvals and consents (in
respect of which the Landlord shall use its reasonable
endeavours to obtain); and
6.3.3 subject to the necessary labour and materials
being and remaining available (in respect of which the Landlord
shall use its reasonable endeavours to obtain as soon as
practicable);
the Landlord shall lay out the proceeds of such insurance,
(other than any in respect of the loss of rent and service
charge sums referred to in paragraphs 3.3 to 3.5 of the
reddendum) in the rebuilding and reinstating of the Building or
the part or parts thereof so destroyed or damaged, substantially
as the same were prior to any such destruction or damage (but
not so as to provide accommodation identical in layout and
manner or method of construction if it would not be reasonably
practical to do so).
6.4 | Where reinstatement is prevented |
If the Landlord is prevented (for whatever reason) from
rebuilding or reinstating the Demised Premises or the Building,
the Landlord shall be relieved from such obligation and shall be
solely entitled to all the insurance moneys and if such
rebuilding and reinstating shall continue to be so prevented for
three (3) years after the date of the destruction or damage
and this Lease has not been terminated by frustration, the
Landlord or the Tenant may at any time after the expiry of such
three (3) years by written notice given to the other
determine this demise but without prejudice to any claim by
either party against the other in respect of any antecedent
breach of covenant.
6.5 | Cesser of rent and Service Charge |
In case the Building or any part or parts thereof shall be
destroyed or damaged by any of the Insured Risks so as to render
the Demised Premises unfit for use and occupation and the
insurance shall not have been vitiated or payment of the policy
moneys refused in whole or in part as a result of some act or
default of the Tenant or any under-tenant or any person under
its or their control, then the rent first reserved by this Lease
and the service charges referred to in Paragraph [3.3 to
3.5] of the reddendum or a fair proportion thereof, according to
the nature and extent of the damage sustained, shall be
suspended until the Demised Premises or the part destroyed or
damaged shall be again rendered fit for use and occupation and
accessible or until the expiration of three (3) years from
the date of the destruction or damage (whichever is the earlier)
and any dispute regarding the cesser of rent shall be referred
to a single arbitrator to be appointed, in default of agreement,
upon the application of either party, by or on behalf of the
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President (or other officer endowed with the functions of such
President) for the time being of the Society of Chartered
Surveyors in accordance with the provisions of the Arbitration
Acts 1954 to 1980.
6.6 | Insurance becoming void |
The Tenant shall not do or omit to do anything that could cause
any policy of insurance in respect of or covering the Demised
Premises or the Building or such of any Adjoining Property as
may be owned by the Landlord to become void or voidable wholly
or in part nor (unless the Tenant has previously notified the
Landlord and agreed to pay the increased premium) do anything
whereby any abnormal or loaded premium may become payable and
the Tenant shall, on demand, pay to the Landlord all expenses
incurred by the Landlord in renewing any such policy.
6.7 | Notice by Xxxxxx |
The Tenant shall give notice to the Landlord forthwith upon the
happening of any event or thing which might affect any insurance
policy relating to the Demised Premises (or in so far as the
Tenant may be aware) the Building.
7. | PROVISOS |
PROVIDED ALWAYS AND IT IS HEREBY AGREED AND DECLARED as
follows:-
7.1 | Forfeiture |
Without prejudice to any other right, remedy or power herein
contained or otherwise available to the Landlord:-
7.1.1 if the rents reserved by this Lease or any part
or parts thereof shall be unpaid for fourteen (14) days
after becoming payable (whether formally demanded or not); or
7.1.2 if any of the covenants by the Tenant contained
in this Lease shall not be performed or observed; or
7.1.3 if the Tenant and/or the Guarantor (either or
both being a body corporate) has a winding-up petition presented
against it or passes a winding-up resolution (other than in
connection with a members’ voluntary winding up for the
purposes of an amalgamation or reconstruction which has the
prior written approval of the Landlord) or resolves to present
its own winding-up petition or is wound-up (whether in Ireland
or elsewhere) or a Receiver and Manager is appointed in respect
of the Demised Premises or any part thereof or of the Tenant or
the Guarantor; or
7.1.4 if the Tenant and/or the Guarantor (either or
both being an individual, or if more than one individual, then
any one of them) has a bankruptcy petition presented against him
or is adjudged bankrupt (whether in Ireland or elsewhere) or
suffers any distress or execution to be levied on the Demised
Premises or enters into composition with his creditors or shall
have a receiving order made against him,
Then and in any such case, the Landlord may at any time
thereafter re-enter the Demised Premises or any part thereof in
the name of the whole and thereupon the Term shall absolutely
cease and determine but without prejudice to any rights or
remedies which may then have accrued to the Landlord against the
Tenant in respect of any antecedent breach of any of the
covenants or conditions contained in this Lease.
7.2 | No implied easements |
Nothing herein contained shall impliedly confer upon or grant to
the Tenant any easement, right or privilege other than those
expressly granted by this Lease.
7.3 | Exclusion of warranty as to user |
Nothing contained in this Lease or in any consent granted by the
Landlord under this Lease shall imply or warrant that the
Demised Premises may be used under the Planning Acts or the
Building Control Act and the Public Health Acts for the purpose
herein authorised or any purpose subsequently authorised and the
Tenant hereby
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acknowledges and admits that the Landlord has not given or made
at any time any representation or warranty that any such use is
or will be or will remain a permitted use under the Planning
Acts;
7.4 | Representations |
The Tenant acknowledges that this Lease has not been entered
into in reliance wholly or partly on any statement or
representation made by or on behalf of the Landlord, except any
such statement or representation that is expressly set out in
this Lease.
7.5 | Use of Demised Premises outside Business Hours |
If the Tenant shall desire, from time to time, to use the
Demised Premises outside the Business Hours, then (subject to
the Landlord being able to provide such staff, services and
security for the Building, as the Landlord may, in its absolute
discretion, consider necessary or desirable) the Tenant shall be
entitled to use and occupy the Demised Premises and have access
thereto on the following terms and conditions:-
7.5.1 the Tenant on each occasion shall make prior
arrangements with the Landlord or with the Surveyor or caretaker
and shall comply with any reasonable requirements as to the use
and occupation of the Demised Premises and the means of access
thereto;
7.5.2 the Tenant shall pay to the Landlord, on
demand, the whole of the costs and expenses attributable to the
provision of any staff, services and security;
7.5.3 the Landlord shall not be obliged to provide
any services to the Demised Premises or the Building if the
Landlord shall, at any time in its absolute discretion, consider
it impractical to do so.
7.6 | Failure by Landlord to Provide Services |
The Landlord shall not be liable to the Tenant in respect of any
failure by the Landlord to perform any of the services referred
to in this Lease, whether express or implied, unless and until
the Tenant has notified the Landlord of such failure and the
Landlord has failed within a reasonable time to remedy the same
and then in such case the Landlord shall (subject to the
provisions of Clause 7.7 below) be liable to compensate the
Tenant only for actual (but not consequential) loss or damage
sustained by the Tenant after such reasonable time has elapsed.
7.7 | Exclusion of Landlord’s liability |
The Landlord shall not, in any circumstances, incur any
liability for any failure or interruption in any of the services
to be provided under this Lease or for any inconvenience or
injury to person or property arising from such failure or
interruption due to mechanical breakdown, failure or
malfunction, overhauling, maintenance, repair or replacement,
strikes, labour disputes shortages of labour or materials,
inclement weather or any cause or circumstance beyond the
control of the Landlord or in respect of any of the services to
be provided by the Superior Landlord in accordance with the
terms of the Superior Lease but the Landlord shall use its
reasonable endeavours to cause the service in question to be
reinstated with the minimum of delay.
7.8 | Covenants relating to Adjoining Property |
Nothing contained in or implied by this Lease shall give to the
Tenant the benefit of or the right to enforce or to prevent the
release or modification of any covenant, agreement or condition
entered into by any tenant of the Landlord in respect of the
Adjoining Property.
7.9 | Effect of waiver |
Each of the Tenant’s covenants shall remain in full force
both at law and in equity notwithstanding that the Landlord
shall have waived or released temporarily any such covenant, or
waived or released temporarily or permanently, revocably or
irrevocably a similar covenant or similar covenants affecting
other property belonging to the Landlord.
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7.10 | Applicable Law |
7.10.1 This Lease shall in all respect be governed by
and interpreted in accordance with the laws of Ireland;
7.10.2 For the benefit of the Landlord, both the
Tenant and the Guarantor hereby irrevocably agree that the
Courts of Ireland are to have jurisdiction to settle any
disputes which may arise out of or in connection with this Lease
and that accordingly any suit, action, or proceedings (together
in this Clause referred to as “proceedings”) arising
out of or in connection with this Lease may be brought in such
Courts;
7.10.3 The Tenant and the Guarantor hereby
irrevocably waive any objection which they or either of them may
have now or hereafter to the taking of any proceedings in any
such Court as is referred to in this Clause and any claim that
any such proceedings have been brought in an inconvenient forum
and further irrevocably agree that any judgment in any
proceedings brought in the Courts of Ireland shall be conclusive
and binding upon them and may be enforced in the courts of any
other jurisdiction;
7.10.4 Nothing contained in this clause shall limit
the right of the Landlord to take proceedings against the Tenant
and/or the Guarantor in any other Court of competent
jurisdiction nor shall the taking of proceedings in one or more
jurisdictions preclude the taking of proceedings in any other
jurisdiction whether concurrently or not;
7.10.5 The Tenant and the Guarantor hereby jointly
and severally agree that the proceedings may be served upon the
Tenant and or the Guarantor by delivery at the Demised Premises
or at such other address in Ireland as the Tenant and/or the
Guarantor (as the case may be) may from time to time notify to
the Landlord in writing for this purpose.
7.11 | Notices |
7.11.1 Any demand or notice required to be made,
given to, or served on the Tenant or the Guarantor under this
Lease shall be duly and validly made, given or served if
addressed to the Tenant or the Guarantor respectively (and, if
there shall in either case be more than one of them, then to any
one of them) and delivered personally, or sent by pre-paid
registered or recorded delivery mail, or sent by telex or
telegraphic facsimile transmission addressed (in the case of a
company) to its registered office, or (whether a company or
individual) to its last known address, or (in the case of a
notice to the Tenant and/or the Guarantor) to the Demised
Premises;
7.11.2 Any notice required to be given to or served
on the Landlord shall be duly and validly given or served if
sent by pre-paid registered or recorded delivery mail, or sent
by telex telegraphic facsimile transmission addressed to the
Landlord at its registered office;
7.12 | Disputes with adjoining occupiers |
Any dispute arising between the Tenant and other tenants or
occupiers of the Building relating to any easement,
quasi-easement, right, privilege or Conduit in connection with
the Demised Premises or the Building shall be fairly and
reasonably determined by the Landlord.
8. | BUILDING SERVICE CHARGE |
8.1 For the purpose of this Lease, the following
expressions shall have the following meanings:-
8.1.1 “Financial Year” means the
period from the 1st day of January in every year to the 31st day
of December the following year or such other period as the
Landlord may, in its absolute discretion, from time to time
reasonably determine;
8.1.2 “Estimated Building
Expenditure” means for any Financial Year during the
Term, such sum as the Landlord shall, from time to time, specify
as being, in its absolute discretion, a fair and reasonable
estimate of the Building Service Charge for the current
Financial Year based upon a budget prepared by the Landlord and
submitted to the Tenant Provided That the Landlord may from time
to time during any Financial Year, as
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appropriate, submit to Tenant revised budgets with respect to
its estimate of the Building Service Charge for that Financial
Year whereupon appropriate adjustments shall be made to such sum
to reflect the revised budget(s);
8.1.3 “Accountant” means any person
appointed by the Landlord (including an employee of the
Landlord) to perform the function of an accountant in relation
to the Building Service Charge.
8.2 The Landlord shall, as soon as convenient after
the end of each Financial Year, prepare an account showing the
Building Service Charge for that Financial Year and containing a
fair summary of the various items comprising the Building
Service Charge and, upon such account being certified by the
Surveyor or Accountant (a copy of which shall be supplied to the
Tenant), the same shall be conclusive evidence, for the purposes
of this Lease, of all matters of fact referred to in the account;
8.3 The Tenant shall pay to the Landlord on account
of the Building Service Charge for the period commencing on the
Service Charge Commencement Date down to the end of the
following Financial Year and thereafter during each subsequent
Financial Year during the Term the same percentage of the
Estimated Building Expenditure (“the Advance Payment”)
as that upon which the Service Charge is calculated and such
payments shall be made by equal quarterly payments in advance on
the Quarterly Xxxx Days (subject to adjustment if the Estimated
Building Expenditure is revised as contemplated by the
definition thereof) Provided Always that the first portion of
the Advance Payment shall be a proportionate part of the first
quarterly payment of the Advance Payment as notified to the
Tenant prior to delivery of this Lease and shall be payable on
the execution hereof in respect of the period from and including
the Service Charge Commencement Date to the day before the
Quarterly Xxxx Day following the Service Charge Commencement
Date;
8.4 If the Building Service Charge for any Financial
Year shall:-
8.4.1 exceed the Advance Payment for that Financial
year, the excess shall be paid by the Tenant to the Landlord on
demand; or
8.4.2 be less than the Advance Payment for that
Financial Year, the overpayment shall be credited to the Tenant
against the next quarterly payment of the Building Service
Charge.
8.5 Any omission by the Landlord to include in any
Financial Year a sum expended or a liability incurred in that
Financial Year shall not preclude the Landlord from including
such sum or the amount of such liability in any subsequent
Financial Year, as the Landlord shall reasonably determine.
8.6 In performing its obligations contained in
Clause 5.2, the Landlord shall be entitled, at its
discretion, to employ agents, contractors and such other persons
as it may think fit and to delegate its duties and powers to
them and their fees and expenses (including VAT) shall form part
of the Building Service Charge.
8.7 The Landlord may, at its discretion, withhold,
add to, extend, vary or make any alterations to any of the
Building Services from time to time if the Landlord shall
reasonably deem it desirable to do so for the more efficient
management, security and operation of the Building, or for the
comfort of the tenants in the Building.
8.8 The provisions of this clause shall continue to
apply notwithstanding the expiration or sooner determination of
the Term but only in respect of the period down to such
expiration or sooner determination, the Building Service Charge
for that Financial Year being apportioned for the said period on
a daily basis.
9. | CAR PARK SERVICE CHARGE |
9.1 For the purpose of this Lease, the following
expressions shall have the following meanings:-
9.1.1 “Financial Year” means the
period from the 1st day of January in every year to the 31st day
of December the following year or such other period as the
Landlord may, in its absolute discretion, from time to time
reasonably determine;
9.1.2 “Estimated Car Park
Expenditure” means for any Financial Year during the
Term, such sum as the Landlord shall, from time to time, specify
as being, in its absolute discretion, a fair and reasonable
estimate of the Car Park Service Charge for the current
Financial Year based upon a budget prepared by the Landlord
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and submitted to the Tenant Provided That the Landlord may from
time to time during any Financial Year, as appropriate, submit
to Tenant revised budgets with respect to its estimate of the
Car Park Service Charge for that Financial Year whereupon
appropriate adjustments shall be made to such sum to reflect the
revised budget(s);
9.1.3 “Accountant” means any person
appointed by the Landlord (including an employee of the
Landlord) to perform the function of an accountant in relation
to the Car Park Service Charge.
9.2 The Landlord shall, as soon as convenient after
the end of each Financial Year, prepare an account showing the
Car Park Service Charge for that Financial Year and containing a
fair summary of the various items comprising the Car Park
Service Charge and, upon such account being certified by the
Surveyor or Accountant (a copy of which shall be supplied to the
Tenant), the same shall be conclusive evidence, for the purposes
of this Lease, of all matters of fact referred to in the account;
9.3 The Tenant shall pay to the Landlord on account
of the Car Park Service Charge for the period commencing on the
Service Charge Commencement Date down to the end of the
following Financial Year and thereafter during each subsequent
Financial Year during the Term the same percentage of the
Estimated Car Park Expenditure (“the Advance Payment”)
as that upon which the Service Charge is calculated and such
payments shall be made by equal quarterly payments in advance on
the Quarterly Xxxx Days (subject to adjustment if the Estimated
Car Park Expenditure is revised as contemplated by the
definition thereof) Provided Always that the first portion of
the Advance Payment shall be a proportionate part of the first
quarterly payment of the Advance Payment as notified to the
Tenant prior to delivery of this Lease and shall be payable on
the execution hereof in respect of the period from and including
the Service Charge Commencement Date to the day before the
Quarterly Xxxx Day following the Service Charge Commencement
Date;
9.4 If the Car Park Service Charge for any Financial
Year shall:-
9.4.1 exceed the Advance Payment for that Financial
year, the excess shall be paid by the Tenant to the Landlord on
demand; or
9.4.2 be less than the Advance Payment for that
Financial Year, the overpayment shall be credited to the Tenant
against the next quarterly payment of the Car Park Service
Charge.
9.5 Any omission by the Landlord to include in any
Financial Year a sum expended or a liability incurred in that
Financial Year shall not preclude the Landlord from including
such sum or the amount of such liability in any subsequent
Financial Year, as the Landlord shall reasonably determine.
9.6 In performing its obligations contained in
Clause 5.3, the Landlord shall be entitled, at its
discretion, to employ agents, contractors and such other persons
as it may think fit and to delegate its duties and powers to
them and their fees and expenses (including VAT) shall form part
of the Car Park Service Charge.
9.7 The Landlord may, at its discretion, withhold,
add to, extend, vary or make any alterations to any of the Car
Park Services from time to time if the Landlord shall reasonably
deem it desirable to do so for the more efficient management,
security and operation of the Car Park, or for the comfort of
the users of the Car Park.
9.8 The provisions of this clause shall continue to
apply notwithstanding the expiration or sooner determination of
the Term but only in respect of the period down to such
expiration or sooner determination, the Car Park Service Charge
for that Financial Year being apportioned for the said period on
a daily basis.
10. | SCHEME SERVICE CHARGE |
10.1 For the purpose of this Lease, the following
expressions shall have the following meanings:-
10.1.1 “Financial Year” means the
period from the 1st day of January in every year to the 31st day
of December the following year or such other period as the
Landlord may, in its absolute discretion, from time to time
reasonably determine;
10.1.2 “Estimated Scheme
Expenditure” means for any Financial Year during the
Term, such sum as the Landlord shall, from time to time, specify
as being, in its absolute discretion, a fair and reasonable
estimate
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of the Scheme Service Charge for the current Financial Year
based upon a budget prepared by the Landlord and submitted to
the Tenant Provided That the Landlord may from time to time
during any Financial Year, as appropriate, submit to Tenant
revised budgets with respect to its estimate of the Scheme
Service Charge for that Financial Year whereupon appropriate
adjustments shall be made to such sum to reflect the revised
budget(s);
10.1.3 “Accountant” means any person
appointed by the Landlord (including an employee of the
Landlord) to perform the function of an accountant in relation
to the Scheme Service Charge.
10.2 The Landlord shall, as soon as convenient after
the end of each Financial Year, prepare an account showing the
Scheme Service Charge for that Financial Year and containing a
fair summary of the various items comprising the Scheme Service
Charge and, upon such account being certified by the Surveyor or
Accountant (a copy of which shall be supplied to the Tenant),
the same shall be conclusive evidence, for the purposes of this
Lease, of all matters of fact referred to in the account;
10.3 The Tenant shall pay to the Landlord on account
of the Scheme Service Charge for the period commencing on the
Service Charge Commencement Date down to the end of the
following Financial Year and thereafter during each subsequent
Financial Year during the Term the same percentage of the
Estimated Scheme Expenditure (“the Advance Payment”)
as that upon which the Service Charge is calculated and such
payments shall be made by equal quarterly payments in advance on
the Quarterly Xxxx Days (subject to adjustment if the Estimated
Scheme Expenditure is revised as contemplated by the definition
thereof) Provided Always that the first portion of the Advance
Payment shall be a proportionate part of the first quarterly
payment of the Advance Payment as notified to the Tenant prior
to delivery of this Lease and shall be payable on the execution
hereof in respect of the period from and including the Service
Charge Commencement Date to the day before the Quarterly Xxxx
Day following the Service Charge Commencement Date;
10.4 If the Scheme Service Charge for any Financial
Year shall:-
10.4.1 exceed the Advance Payment for that Financial
year, the excess shall be paid by the Tenant to the Landlord on
demand; or
10.4.2 be less than the Advance Payment for that
Financial Year, the overpayment shall be credited to the Tenant
against the next quarterly payment of the Scheme Service Charge.
10.5 Any omission by the Landlord to include in any
Financial Year a sum expended or a liability incurred in that
Financial Year shall not preclude the Landlord from including
such sum or the amount of such liability in any subsequent
Financial Year, as the Landlord shall reasonably determine.
10.6 In performing its obligations contained in
Clause 5.4, the Landlord shall be entitled, at its
discretion, to employ agents, contractors and such other persons
as it may think fit and to delegate its duties and powers to
them and their fees and expenses (including VAT) shall form part
of the Scheme Service Charge.
10.7 The Landlord may, at its discretion, withhold,
add to, extend, vary or make any alterations to any of the
Scheme Services from time to time if the Landlord shall
reasonably deem it desirable to do so for the more efficient
management, security and operation of the Scheme, or for the
comfort of the owners and occupiers of the Scheme.
10.8 The provisions of this clause shall continue to
apply notwithstanding the expiration or sooner determination of
the Term but only in respect of the period down to such
expiration or sooner determination, the Scheme Service Charge
for that Financial Year being apportioned for the said period on
a daily basis.
11. | BREAK OPTION |
Notwithstanding anything else contained in this Lease, if the
Tenant wishes to determine this Lease on the date which is the
expiry of five years from the Term Commencement Date (“the
Break Option Date”) it shall be entitled to do so
PROVIDED THAT:
11.1 it gives to the Landlord not less than 12
calendar months prior notice in writing in respect of which time
shall be of the essence;
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11.2 it pays to the Landlord on or prior to the Break
Option Date a sum equivalent to 6 months rent, rates,
service charges and insurance premiums payable hereunder as at
the Break Option Date;
11.3 it discharges all rents and other payments due
under this Lease up to the Break Option Date;
11.4 it performs and observes the covenants on its part and
conditions herein contained;
11.5 it delivers up to the Landlord on the Break
Option Date vacant possession of the Demised Premises; and
11.6 it hands back to the Landlord the original of this Lease
free from encumbrances and all related licences (if any) and
executes and stamps a deed of surrender of this Lease in favour
of the Landlord.
Upon compliance with all of the foregoing, all future
liabilities of the parties hereto shall cease but without
prejudice to the respective rights of either party to the other
in respect of any antecedent breach of covenant.
12. | THE GUARANTOR’S COVENANTS |
In consideration of this demise having been made at its request,
the Guarantor HEREBY COVENANTS with the Landlord, as a
primary obligation in the terms contained in the Sixth Schedule.
13. | SECTION 45 LAND ACT 1965 |
IT IS HEREBY CERTIFIED that the Demised Premises are
situate in the City of Dublin South.
14. | FINANCE ACT CERTIFICATES |
14.1 IT IS HEREBY CERTIFIED that the
transaction hereby effected does not form part of a larger
transaction or of a series of transactions in respect of which
the amount or value or the aggregate amount or value of the
consideration (other than rent) exceeds €10,000.00;
14.2 IT IS HEREBY FURTHER CERTIFIED for the
purposes of the stamping of this Instrument that this is an
instrument to which the provisions of Sections 29 and 57 of
the Stamp Duties Consolidation Act 1999 do not apply for the
reason that the property being leased is an existing commercial
unit.
15. | SECTION 29 COMPANIES ACT, 1990 |
IT IS HEREBY CERTIFIED for the purposes of
Section 29 of the Companies Act 1990 that the Landlord and
the Tenant are not bodies corporate connected with one another
in a manner which would require this transaction to be ratified
by resolution of either.
IN WITNESS whereof the parties hereto have executed this
Lease in the manner following and on the day and year first
herein WRITTEN.
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FIRST
SCHEDULE
Building
ALL THAT the premises known as Block 0 Xxx Xxxx,
Xxxxxxxxxx Xxxx, Xxxxxx 0 shown for identification purposes only
shaded pink on Plan numbered “5” annexed hereto but
excluding the areas at Upper Basement and Lower Basement thereof
save those parts of the Retained Parts located within the Upper
Basement and/or Lower Basement thereof.
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SECOND
SCHEDULE
Demised
Premises
ALL THAT portion of the Building comprising part of the
First Floor thereof and shown outlined in red on the Plan
numbered “6” annexed hereto and including:-
1. the internal plaster surfaces and finishes of all
structural or load bearing walls and columns therein or which
enclose the same, but not any other part of such walls and
columns;
2. the entirety of all non-structural or non-load bearing
walls and columns therein;
3. the inner half severed medially of the internal non-load
bearing walls (if any) that divide the same from other parts of
the Building;
4. the floor finishes thereof and all carpets save that the
lower limit of the Demised Premises shall not extend to anything
below the floor finishes except that raised floors and the
cavity below them shall be included;
5. the ceiling finishes thereof, including all suspended
ceilings (if any) and light fittings save that the upper limit
of the Demised Premises shall not extend to anything above the
ceiling finishes except that the cavity above any suspended
ceilings shall be included;
6. all window frames and window furniture and all glass in
the windows and all doors, door furniture and door frames;
7. all sanitary and hot and cold water apparatus and
equipment and the radiators (if any) therein and all fire
fighting equipment and hoses therein;
8. all Conduits therein and exclusively serving the same;
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THIRD
SCHEDULE
Rights
And Easements Granted
1. The right for the Tenant and all persons expressly or by
implication authorised by the Tenant (in common with the
Landlord, the Superior Landlord and all persons having a like
right) but subject to any existing or future regulations made by
the Landlord or the Superior Landlord (as appropriate) to use
such of the Common Parts as shall from time to time be
designated for the Tenant’s use for all proper purposes in
connection with the use and enjoyment of the Demised Premises.
2. The free passage and running of the Utilities (subject
to temporary interruption for repair, alteration or replacement)
to and from the Demised Premises through the Conduits which now
are or may at any time be in upon under, or through other parts
of the Building, so far as any of the same are necessary for the
reasonable use and enjoyment of the Demised Premises;
3. The right of support and protection for the benefit of
the Demised Premises as is now enjoyed from all other parts of
the Building;
4. The right for the Tenant and the occupiers and other
bona fide users of the Demised Premises to use one Car Space
coloured yellow on the Plan numbered “7” for the
parking of private motor cars and for no other purpose together
with all necessary rights of access thereto and egress therefrom
over such route as the Landlord may, from time to time,
determine subject to any existing or future regulations made by
the Landlord and to the right of the Landlord from time to time,
on giving to the Tenant not less than one month’s written
notice, to alter the position of the space or spaces and
designate some other space or spaces as the Landlord may, in its
absolute discretion, determine.
5. All rights easements and privileges (insofar as
applicable) which have been granted unto the Landlord which are
more particularly described in the Second Schedule to the
Superior Lease.
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FOURTH
SCHEDULE
Exceptions
and Reservations
The following rights and easements are excepted and reserved out
of the Demised Premises to the Landlord and the tenants and
occupiers of the Building and all other persons authorised by
the Landlord or having the like rights and easements:-
1. The free and uninterrupted passage and running of
the Utilities through the Conduits which are now, or may at any
time during the Term be in, on, under, or passing through or
over the Demised Premises;
2. The right, at all reasonable times upon reasonable
prior notice, except in cases of emergency, to enter (or, in
cases of emergency or after the giving of reasonable notice
during the Tenant’s absence, to break and enter) the
Demised Premises in order to:-
2.1 inspect, cleanse, maintain, repair, connect,
remove, lay, renew, relay, replace with others, alter or execute
any works whatever to or in connection with the Conduits and any
other services;
2.2 execute repairs, decorations, alterations and any
other works and to make installations to the Demised Premises,
the Building or the Adjoining Property or to do anything
whatsoever which the Landlord may or must do under this Lease;
2.3 see that no unauthorised erections additions or
alterations have been made and that authorised erections
additions and alterations are being carried out in accordance
with any consent given herein and any permission or approval
granted by the relevant local authority,
PROVIDED THAT the Landlord or the person exercising the
foregoing rights shall cause as little inconvenience as possible
to the Demised Premises and shall make good, without delay, any
damage thereby caused to the Demised Premises;
3. The right to erect scaffolding for the purpose of
repairing or cleaning the Building and any building now or
hereafter erected on the Adjoining Property or in connection
with the exercise of any of the rights mentioned in this
Schedule notwithstanding that such scaffolding may temporarily
interfere with the proper access to or the enjoyment and use of
the Demised Premises;
4. The right to erect and maintain signs on the
Demised Premises and on the Building and any premises abutting
the same advertising the sale or letting of any premises or for
the purpose of a planning or other application in respect of the
premises.
5. The rights of light, air, support, protection and
shelter and all other easements and rights now or hereafter
belonging to or enjoyed by other parts of the Building or the
Adjoining Property;
6. Full right and liberty at any time hereafter to
raise the height of, or make any alterations or additions or
execute any other works to the Building or to any buildings on
the Adjoining Property, or to erect any new buildings or
structures of any height on the Adjoining Property or on the
External Common Areas or any part thereof or to build into or
immediately adjoining the Building in such a manner as the
Landlord or the person exercising the right shall think fit
notwithstanding the fact that the same may obstruct, affect or
interfere with the amenity of, or access to, the Demised
Premises or the passage of light and air to the Demised Premises
but not so that the Tenant’s use and occupation thereof is
materially affected;
7. The right to enter the Demised Premises (in times
of emergency or during fire-drills) for the purpose of obtaining
access to, or using, any of the fire escapes or routes of escape
in the Building whether or not in existence at the date hereof.
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FIFTH
SCHEDULE
Rent
Reviews
1. | DEFINITIONS |
In this Schedule, the following expressions shall have the
following meanings:-
1.1 “Review Date” means each of the
Rent Review Dates specified in the Particulars and
“Relevant Review Dates” shall be construed accordingly;
1.2 “Open Market Rent” means the
full open market rent without any deductions whatsoever at which
the Demised Premises might reasonably be expected to be let in
the open market with vacant possession at the Relevant Review
Date by a willing landlord to a willing tenant and without any
premium or any other consideration for the grant thereof for a
term equal to the unexpired residue of the Term or fifteen
(15) years (whichever shall be longer), subject to break
options at the intervals provided for in this Lease and on the
same terms and conditions and subject to the same covenants and
provisions contained in this Lease (other than the amount of the
rent payable hereunder but including these provisions for the
review of rent) and having regard to other open market rental
values current at the Review Date in so far as the Surveyor (as
defined in Clause 1.5 of this Schedule) may deem same to be
pertinent to the matters under consideration by him and making
the Assumptions but disregarding the Disregarded Matters;
1.3 “Assumptions” mean the following
assumptions (if not facts) at the Relevant Review Date:-
1.3.1 that the Demised Premises are ready and
available for immediate occupation and use by the Tenant and may
be lawfully used by any person for any of the purposes permitted
by this Lease and on the assumption that the Demised Premises
are fitted out with the items specified in the Tenth Schedule
hereto;
1.3.2 that no work has been carried out to the
Demised Premises by the Tenant, any undertenant or their
respective predecessors in title during the Term, which has
diminished the rental value of the Demised Premises;
1.3.3 that if the Demised Premises or any part or
parts of the Building have been destroyed or damaged, they have
been fully rebuilt and reinstated;
1.3.4 that the Demised Premises are in a good state
of repair and decorative condition;
1.3.5 that all the covenants on the part of the
Tenant contained in this Lease have been fully performed and
observed;
1.3.6 that the Demised Premises shall be deemed to
comprise a Gross Internal Area of 3,250.72 square feet.
1.4 “Disregarded Matters” mean:-
1.4.1 any effect on rent of the fact that the Tenant,
any permitted undertenant or their respective predecessors in
title have been in occupation of the Demised Premises or any
part thereof;
1.4.2 any goodwill attaching to the Demised Premises
by reason of the business then carried on at the Demised
Premises by the Tenant or any permitted undertenant;
1.4.3 any increase in rental value of the Demised
Premises attributable to the existence at the Relevant Review
Date, of any works (otherwise than in pursuance of an obligation
under this Lease or any agreement therefor) executed by and at
the expense of the Tenant (or any party lawfully occupying the
Demised Premises under the Tenant) with the consent of the
Landlord (where required under this Lease) in on or to the
Demised Premises or any part thereof;
1.5 “Surveyor” means an independent
chartered surveyor who is experienced in the valuation and
leasing of property similar to the Demised Premises and is
acquainted with the market in the area in which the Demised
Premises are located, appointed from time to time to determine
the Open Market Rent pursuant to the provisions of this Schedule;
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1.6 “President” means the President
for the time being of the Society of Chartered Surveyors and
includes the Vice-President or any person authorised by the
President to make appointments on his behalf;
1.7 “Rent Restrictions” means the
restrictions imposed by any statute for the control of rent in
force on a Review Date or on the date on which any increased
rent is ascertained in accordance with this Schedule and which
operate to impose any limitation, whether in time or amount, on
the collection of an increase in the rent first reserved by this
Lease or any part thereof.
2. | UPWARDS ONLY RENT REVIEW |
The rent first reserved by this Lease shall be reviewed at each
Review Date in accordance with the provisions of this Schedule
and, from and including each Review Date, the rent shall equal
the higher of either the rent contractually payable immediately
before the Relevant Review Date or the Open Market Rent on the
Relevant Review Date, as agreed or determined pursuant to the
provisions of this Schedule.
3. | AGREEMENT OR DETERMINATION OF THE REVIEWED RENT |
The Open Market Rent at any Review Date may be agreed in writing
at any time between the Landlord and the Tenant but if, for any
reason, they have not so agreed, either party may (whether
before or after the Relevant Review Date) by notice in writing
to the other require the Open Market Rent to be determined by
the Surveyor.
4. | APPOINTMENT OF SURVEYOR |
In default of agreement between the Landlord and the Tenant on
the appointment of the Surveyor, the Surveyor shall be appointed
by the President on the written application of either party,
such application to be made not earlier than twelve
(12) months before and not later than twelve
(12) months after the Relevant Review Date.
5. | FUNCTIONS OF THE SURVEYOR |
The Surveyor shall:-
5.1 at the option of the Landlord act either as an
arbitrator in accordance with the Arbitration Acts 1954 to 1998
or as an expert, such option to be exercised by the Landlord
giving written notice to the President at the time of the
Landlord’s written application to the President or, if
application is made by the Tenant, then within seven
(7) days of the Landlord being notified of the appointment
of the Surveyor but if no written notice is given by the
Landlord as aforesaid, the Surveyor shall act as an arbitrator;
5.2 (if acting as an expert) invite the Landlord and
the Tenant to submit to him, within such time limits (not being
less than fifteen (15) working days) as he shall consider
appropriate, a valuation accompanied, if desired, by a statement
of reasons and such representations and cross —
representations as to the amount of the Open Market Rent with
such supporting evidence as they may respectively wish;
5.3 within sixty (60) days of his appointment,
or within such extended period as the Landlord and the Tenant
shall jointly agree in writing, give to each of them written
notice of the amount of the Open Market Rent as determined by
him.
6. | FEES OF SURVEYOR |
The fees and expenses of the Surveyor (if acting as an expert),
including the costs of his nomination, shall be in the award of
the Surveyor (but this shall not preclude the Surveyor from
notifying both parties of his total fees and expenses
notwithstanding the non-publication at that time of his award)
and, failing such award, the same shall be payable by the
Landlord and the Tenant in equal shares who shall each bear
their own costs, fees and expenses. Without prejudice to the
foregoing, both the Landlord and the Tenant shall each be
entitled to pay the entire fees and expenses, due to the
Surveyor and thereafter recover as a simple contract debt the
amount (if any) due from the party who failed or refused to pay
same.
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7. | APPOINTMENT OF NEW SURVEYOR |
If the Surveyor fails to give notice of his determination within
the time aforesaid, or if he dies, or is unwilling to act, or
becomes incapable of acting, or if, for any other reason, he is
unable to act, either party may request the President to
discharge the Surveyor and appoint another surveyor in his place
to act in the same capacity, which procedure may be repeated as
many times as necessary.
8. | INTERIM PAYMENTS PENDING DETERMINATION |
In the event that by the Relevant Review Date the amount of the
reviewed rent has not been agreed or determined as aforesaid
(the date of agreement or determination being herein called
“the Determination Date”) then, in respect of the
period (herein called “the Interim Period”) beginning
with the Relevant Review Date and ending on the day before the
Quarterly Xxxx Day following the Determination Date, the Tenant
shall pay to the Landlord rent at the yearly rate payable
immediately before the Relevant Review Date, and on the
Determination Date, the Tenant shall pay to the Landlord, on
demand as arrears of rent, the amount (if any) by which the
reviewed rent exceeds the rent actually paid during the Interim
Period (apportioned on a daily basis) together with interest
thereon at the Base Rate from the Relevant Review Date to the
date of actual payment.
9. | RENT RESTRICTIONS |
9.1 On each and every occasion during the Term that
Rent Restrictions shall be in force, then and in each and every
case:
9.1.1 the operation of the provisions herein for
review of the rent shall be postponed to take effect on the
first date or dates thereafter upon which such operation may
occur, and
9.1.2 the collection of any increase or increases in
the rent shall be postponed to take effect on the first date or
dates thereafter that such increase or increases may be
collected and/or retained in whole or in part and on as many
occasions as shall be required to ensure the collection of the
whole increase
AND until the Rent Restrictions shall be relaxed either
partially or wholly the rent reserved by this Lease (which if
previously reviewed shall be the rent payable under this Lease
immediately prior to the imposition of the Rent Restrictions)
shall (subject always to any provision to the contrary appearing
in the Rent Restrictions) be the maximum Rent from time to time
payable hereunder.
10. | MEMORANDA OF REVIEWED RENT |
As soon as the amount of any reviewed rent has been agreed or
determined, memoranda thereof shall be prepared by the Landlord
or its solicitors and thereupon shall be signed by or on behalf
of the Tenant and the Landlord, and the Tenant shall be
responsible for and shall pay to the Landlord the stamp duty (if
any) payable on such memoranda and any counterparts thereof but
the parties shall each bear their own costs in respect thereof.
11. | TIME NOT OF THE ESSENCE |
For the purpose of this Schedule, time shall not be of the
essence.
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SIXTH
SCHEDULE
1. | COVENANT AND INDEMNITY BY GUARANTOR |
The Guarantor hereby covenants with the Landlord, as a primary
obligation, that the Tenant or the Guarantor shall at all times
during the Term (including any continuation or renewal of this
Lease) duly perform and observe all the covenants on the part of
the Tenant contained in this Lease, including the payment of the
rents and all other sums payable under this Lease in the manner
and at the times herein specified and the Guarantor hereby
indemnifies the Landlord against all claims, demands, losses,
damages, liability, costs, fees and expenses whatsoever
sustained by the Landlord by reason of or arising in any way
directly or indirectly out of any default by the Tenant in the
performance and observance of any of its obligations or the
payment of any rent and other sums arising before or after the
expiration or termination of this Lease.
2. | GUARANTOR JOINTLY AND SEVERALLY LIABLE WITH TENANT |
The Guarantor hereby further covenants with the Landlord that
the Guarantor is jointly and severally liable with the Tenant
(whether before or after any disclaimer by a liquidator or
trustee in bankruptcy) for the fulfilment of all the obligations
of the Tenant under this Lease and agrees that the Landlord, in
the enforcement of its rights hereunder, may proceed against the
Guarantor as if the Guarantor was named as the Tenant in this
Lease.
3. | WAIVER BY GUARANTOR |
The Guarantor hereby waives any right to require the Landlord to
proceed against the Tenant or to pursue any other remedy
whatsoever which may be available to the Landlord before
proceeding against the Guarantor.
4. | POSTPONEMENT OF CLAIMS BY GUARANTOR AGAINST TENANT |
The Guarantor hereby further covenants with the Landlord that
the Guarantor shall not claim in any liquidation, bankruptcy,
composition or arrangement of the Tenant in competition with the
Landlord and shall remit to the Landlord the proceeds of all
judgments and all distributions it may receive from any
liquidator, trustee in bankruptcy or supervisor of the Tenant
and shall hold for the benefit of the Landlord all security and
rights the Guarantor may have over assets of the Tenant whilst
any liabilities of the Tenant or the Guarantor to the Landlord
remain outstanding.
5. | POSTPONEMENT OF PARTICIPATION BY XXXXXXXXX IN SECURITY |
The Guarantor shall not be entitled to participate in any
security held by the Landlord in respect of the Tenant’s
obligations to the Landlord under this Lease or to stand in the
place of the Landlord in respect of any such security until all
the obligations of the Tenant or the Guarantor to the Landlord
under this Lease have been performed or discharged.
6. | NO RELEASE OF GUARANTOR |
None of the following, or any combination thereof, shall
release, determine, discharge or in any way lessen or affect the
liability of the Guarantor as principal debtor under this Lease
or otherwise prejudice or affect the right of the Landlord to
recover from the Guarantor to the full extent of this guarantee:
6.1 any neglect, delay or forbearance of the Landlord
in endeavouring to obtain payment of the rents or any part or
parts thereof and/or the amounts required to be paid by the
Tenant or in enforcing the performance or observance of any of
the obligations of the Tenant under this Lease;
6.2 any refusal by the Landlord to accept rent
tendered by or on behalf of the Tenant at a time when the
Landlord was entitled (or would after the service of a notice
under Section 14 of the 1881 Act have been entitled) to
re-enter the Demised Premises;
6.3 any extension of time given by the Landlord to
the Tenant;
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6.4 any variation of the terms of this Lease
(including any reviews of the rent payable under this Lease) or
the transfer of the Landlord’s reversion or the assignment
of this Lease;
6.5 any change in the constitution, structure or
powers of either the Tenant, the Guarantor or the Landlord or
the liquidation, administration or bankruptcy (as the case may
be) of either the Tenant or the Guarantor;
6.6 any legal limitation, or any immunity, disability
or incapacity of the Tenant (whether or not known to the
Landlord) or the fact that any dealings with the Landlord by the
Tenant may be outside or in excess of the powers of the Tenant;
6.7 any other act, omission, matter or thing
whatsoever whereby, but for this provision, the Guarantor would
be exonerated either wholly or in part (other than a release
under seal given by the Landlord).
7. | DISCLAIMER OR FORFEITURE OF LEASE |
7.1 The Guarantor hereby further covenants with the
Landlord that:
7.1.1 if a liquidator or trustee in bankruptcy shall
disclaim or surrender this Lease; or
7.1.2 if this Lease shall be forfeited; or
7.1.3 if the Tenant shall cease to exist
THEN the Guarantor shall, if the Landlord by notice in
writing given to the Guarantor within twelve (12) months
after such disclaimer or other event so requires, accept from
and execute and deliver to the Landlord a new lease of the
Demised Premises subject to and with the benefit of this Lease
(if the same shall still be deemed to be extant at such time)
for a term commencing on the date of the disclaimer or other
event and continuing for the residue then remaining unexpired of
the Term, such new lease to be at the cost of the Guarantor and
to be at the same rents and subject to the same covenants,
conditions and provisions as are contained in this Lease;
7.2 If the Landlord shall not require the Guarantor
to take a new lease, the Guarantor shall nevertheless upon
demand pay to the Landlord a sum equal to the rents and other
sums that would have been payable under this Lease but for the
disclaimer, forfeiture or other event in respect of the period
from and including the date of such disclaimer, forfeiture or
other event until the expiration of twelve (12) months
therefrom or until the Landlord shall have granted a lease of
the Demised Premises to a third party (whichever shall first
occur).
7.3 | Benefit of guarantee |
This guarantee shall enure for the benefit of the successors and
assigns of the Landlord under this Lease without the necessity
for any assignment thereof.
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SEVENTH
SCHEDULE
Building
Service Charge
1. | REPAIRS AND MAINTENANCE |
1.1 Repairing, maintaining, decorating and (where
appropriate) cleaning, washing down, lighting, heating,
servicing and (as and when necessary) altering, replacing,
renewing, rebuilding and reinstating the Retained Parts;
1.2 Carpeting, furnishing and equipping the Retained
Parts as the Landlord may determine including, but not limited
to, the provision in the main entrance halls and lift lobby
areas of floral decorations, desks, tables, chairs and other
fixtures and fittings.
2. | PLANT AND MACHINERY |
2.1 Providing, maintaining, repairing, operating,
inspecting, servicing, overhauling, cleaning, lighting and (as
and when necessary) renewing or replacing all plant, machinery,
apparatus and equipment within the Retained Parts from time to
time, including, but not limited to, all boilers and items
relating to the ventilation, heating, air conditioning and hot
and cold water systems, the lifts, lift shafts and lift motor
rooms and all fuel and electricity for the same and any
necessary maintenance contracts and insurance in respect thereof.
2.2 A fair and reasonable contribution towards the
proper and reasonable costs and expenses incurred in providing,
maintaining, repairing, operating, inspecting, servicing,
overhauling, cleaning, lighting and (as and when necessary)
renewing or replacing all plant, machinery, apparatus and
equipment serving the Building in conjunction with any other
buildings within the Scheme notwithstanding that such plant,
machinery, apparatus and equipment may not be within the
Retained Parts.
3. | SECURITY AND EMERGENCY SYSTEMS |
Providing, maintaining, repairing, operating, inspecting,
servicing, overhauling, cleaning and (as and when necessary)
renewing or replacing all security and emergency systems for the
Building, including, but not limited to, alarm systems, internal
telephone and television systems, generators, emergency
lighting, flood lighting, fire detection and prevention systems,
any fire escapes for the Building and all fire fighting and fire
prevention equipment and appliances (other than those for which
a tenant is responsible).
4. | STAFF |
The provision of staff (including such direct or indirect labour
as the Landlord deems appropriate) for the
day-to-day
running of the installations and plant and the provision of the
other services to the Building and for the general management,
operation and security of the Building and all other incidental
expenditure, including, but not limited to:
4.1 insurance, health, pension, welfare, severance
and other payments, contributions and premiums;
4.2 the provision of uniforms, working clothes,
tools, appliances, materials and equipment (including
telephones) for the proper performance of the duties of any such
staff;
5. | SIGNS ETC |
Providing, maintaining and renewing name boards and signs in the
main entrance halls, lift lobby areas and any other parts of the
Building and all directional signs and fire regulation notices
and any flags, flag poles and television and radio aerials.
6. | REFUSE |
Providing and maintaining any dustbins or other receptacles for
refuse for the Building and the cost of collecting, storing and
disposing of refuse.
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7. | MISCELLANEOUS ITEMS |
7.1 The provision and installation of such name
boards of such size and design as the Landlord may in its
absolute discretion determine in the main entrance to the
Building and at such other locations as the Landlord may
consider desirable;
7.2 Leasing or hiring any of the items referred to in
this Schedule;
7.3 Interest, commission and fees in respect of any
moneys borrowed to finance the provision of services and any of
the items referred to in this Schedule;
7.4 Enforcing the covenants in any of the other
leases of the Building for the general benefit of the tenants
thereof as determined by the Landlord.
8. | INSURANCE |
8.1 periodic valuations of the Building for insurance
purposes;
8.2 works required to the Building in order to satisfy the
requirements and/or recommendations of the insurers of the
Building;
8.3 property owner’s liability, third party
liability and employer’s liability and such other
insurances as the Landlord may, in its absolute discretion from
time to time, determine;
8.4 any amount which may be deducted or disallowed by
the insurers pursuant to any excess provision in the insurance
policy upon settlement of any claim by the Landlord.
9. | COMMON FACILITIES |
Making, laying, repairing, maintaining, rebuilding, decorating,
cleansing and lighting, as the case may be, any roads, ways,
forecourts, passages, pavements, party walls or fences, party
structures, Conduits or other conveniences and easements
whatsoever which may belong to, or be capable of being used or
enjoyed by the Building in common with any Adjoining Property.
10. | OUTGOINGS |
All existing and future rates (including water rates) taxes,
duties, charges, assessments, impositions and outgoings
whatsoever (whether parliamentary, parochial, local or of any
other description and whether or not of a capital or
non-recurring nature or of a wholly novel character) payable by
the Landlord in respect of the Retained Parts or any part
thereof.
11. | STATUTORY REQUIREMENTS |
Carrying out any works to the Building required to comply with
any statute (other than works for which any tenant or occupier
is responsible).
12. | REPRESENTATIONS |
Taking any steps deemed desirable or expedient by the Landlord
for complying with, making representations against, or otherwise
contesting the incidence of the provisions of any statute
concerning planning, public health, highways, streets, drainage
and all other matters relating or alleged to relate to the
Building or any part of it for which any tenant is not directly
responsible.
13. | MANAGEMENT |
13.1 The proper and reasonable fees, costs, charges,
expenses and disbursements (including any VAT payable thereon)
of the Landlord, the Surveyor and/or the Accountant and any
other person employed or retained by the Landlord for or in
connection with surveying and accounting functions, the
collection of the rents, (including all costs and expenses
incurred in the enforcement of same), the performance of the
services and any other duties in and
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about the Building or any part of it relating to the general
management, administration, security, maintenance, protection
and cleanliness of the Building;
13.2 The proper and reasonable fees and expense
(including any VAT payable thereon) of the Landlord in
connection with the management of the Building and any of the
functions and duties referred to in paragraph 14.1 that may
be undertaken by or on behalf of the Landlord, such fees and
expenses to include overheads and profits commensurate with the
current market practice of property companies providing
management services.
14. | RESERVE AND/OR SINKING FUND |
14.1 Providing for such sums as the Landlord shall in
its absolute discretion consider desirable to set aside from
time to time for the purpose of providing for periodically
recurring items of expenditure, whether recurring at regular or
irregular intervals;
14.2 Providing for anticipated expenditure in respect
of any of the services to be provided hereunder or any of the
items in this Schedule as the Landlord shall in its absolute
discretion consider fair and reasonable in the circumstances.
15. | VALUE ADDED TAX |
Value Added Tax at the rate for the time being in force
chargeable in respect of any item of expenditure referred to in
this Schedule to the extent not otherwise recoverable by the
Landlord.
16. | GENERALLY |
Any costs and expenses (not referred to above) which the
Landlord may incur in providing such other services and in
carrying out such other works as the Landlord, in its absolute
discretion, may deem desirable or necessary for the benefit of
the Building or any part of it or the tenants or occupiers
thereof, or for securing or enhancing any amenity of or within
the Building, or in the interests of good estate management.
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EIGHTH
SCHEDULE
Car
Park Services
1. | REPAIRS |
Repairing and maintaining the Car Park and the car parking
spaces, aisles and circulation areas, goods-lifts (if any) and
all other shared facilities therein, including the maintenance,
operation and replacement, and renewal (where necessary) of all
any car parking equipment (including barriers, ticket issuing
machines and ticket exit and coin acceptance machines) waste
rooms in the Car Park, cycle facilities therein, flood gate
barriers and associated equipment and all other shared plant and
facilities within the Car Park save to the extent same is
included in the Building Service Charge.
2. | CLEANSING |
Cleaning the Car Park and ensuring that it retains an attractive
and neat appearance.
3. | SIGNS |
Maintaining and replacing the directional and other signs in the
Car Park.
4. | BARRIERS |
Maintaining and replacing any barriers and fencing in the Car
Park.
5. | LIGHTING |
Maintaining, repairing and replacing lighting (including
emergency lighting) in the Car Park.
6. | SECURITY |
Providing security arrangements including closed circuit TV, the
control of traffic in the Car Park and fire safety arrangements
for the safety of the occupiers and users of the Car Park and
ensuring that the aisles and circulation areas within the Car
Park are kept free of any obstruction or hindrance.
7. | STAFF COSTS |
Discharging wages, pensions, pension premiums, and providing
uniforms and insurance for all staff employed in connection with
the Car Park Services.
8. | SINKING FUND |
Providing for such sinking fund for the replacement and renewal
of the Car Park plant and equipment including, if deemed
appropriate, providing:-
8.1 annually or at such other intervals as the
Landlord may determine to review the cost or prospective cost of
such replacements and renewals with a view to allowing for all
such additional or further costs and expenditure as may be
attributable to the differential in the value of money or
inflationary or other like trends and changing technology as
between one date and another;
8.2 to allow for all such amounts as may be
determined on review in computing the contribution from time to
time to the sinking fund provided however that this clause shall
not impose upon the Landlord any obligation to provide for or
continue to provide for (if already established) such sinking
fund.
9. | STATUTORY COMPLIANCE |
Complying with all statutes, bye-laws, regulations and the
requirements of all competent authorities and of any insurers in
relation to the occupation and enjoyment of the Car Park which
shall for the time being be in force.
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10. | RATES |
Paying all municipal rates (if any) charged on the Car Park and
other charges which may be levied by the Local Authority on the
Car Park.
11. | MANAGEMENT |
Providing for the management of the Car Park.
12. | CAR PARK ACCESS |
All sums properly paid by or on behalf of the Landlord towards
the Xxxxxxxx Avenue Service Charge and the Ramp Service Charge
(both as defined in the Lease of Easements) pursuant to the
Lease of Easements.
13. | INSURANCE |
Subject to the Landlord being able to effect insurance against
all or any one or more of the risks hereinafter specified to
insure the Car Park plant and equipment or any part thereof
against damage or destruction (for such risks as the Landlord
shall reasonably determine) and for mechanical breakdown of
plant and equipment and to insure against public liability,
employers liability and such other risks as the Landlord may
from time to time consider prudent and desirable and such risks
may be covered by any policy or policies of insurance as the
Landlord may consider appropriate.
14. | AUDIT |
Employing Accountants or Auditors for auditing the Car Park
Service Charge or providing other services in connection with
the Car Park Service Charge.
15. | LANDSCAPED AREAS |
Landscaping and maintaining any landscaped areas within the Car
Park.
16. | FURTHER SERVICES |
Providing such further or other services or amenities which the
Landlord shall consider to be reasonable and proper and which
are consistent with the principles of good estate management.
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NINTH
SCHEDULE
Scheme
Service Charge
1. | MAINTENANCE AND REPAIR |
Maintaining, repairing, cleaning, decorating and rebuilding and
renewing (where renewal is necessary) the roads, paths, xxxxx,
xxxxxxx and perimeter walls together with any fencing within or
abutting the Scheme.
2. | DODDER WALKWAY |
Maintaining, cleaning and repairing and renewing (where renewal
is necessary) any walkway abutting the River Dodder and renewing
where necessary emergency equipment on the waters edge including
life rings, and ropes.
3. | CONDUITS |
Maintaining, cleaning, renewing (where renewal is necessary),
repairing and keeping in good condition the sewers, drains,
pipes, cables, ducts and other such systems for the benefit of
the Scheme generally.
4. | CLEANSING |
Cleaning the Scheme Common Areas and keeping them in good
condition and repair and ensuring that they shall retain an
attractive and neat appearance.
5. | LANDSCAPING |
Maintaining the landscaped areas within the Scheme Common Areas.
6. | CHIMNEY |
Maintaining and preserving the feature chimney within the Scheme
Common Areas to the standard required by the competent authority
therefore.
7. | STREET FURNITURE |
Maintaining, repairing and replacing (where replacement is
necessary) the street furniture within the Scheme Common Areas.
8. | SIGNS |
Maintaining and replacing (where replacement is necessary) the
directional and other signs within the Scheme Common Areas.
9. | LIGHTING |
Maintaining, repairing and replacing (where replacement is
necessary) lighting (including emergency lighting) within the
Scheme Common Areas.
10. | POWER SUPPLY |
Arranging for the supply of electricity within the Scheme Common
Areas.
11. | SECURITY |
Providing security arrangements including the control of
pedestrian traffic, maintaining, repairing and replacing any
security equipment and maintaining, operating and replacing
(where replacement is necessary) any loudspeakers, public
address or music broadcast systems or closed circuit television
or the like and ensuring that the Scheme Common Areas are kept
free from any obstruction or hindrance.
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12. | STAFF COSTS |
Discharging wages, pensions, and providing uniforms, protective
clothing, and discharging insurance and pension premiums for all
staff employed for the Scheme Common Areas.
13. | SINKING FUND |
Providing for such sinking fund as the Landlord shall deem fit
and the Landlord shall have power:-
13.1 Annually or at such other intervals as the
Landlord may determine to review the cost or prospective cost of
any replacements and renewals (where renewal is necessary) with
a view to allowing for all such additional or further costs and
expenditure as may be attributable to the differential in the
value of money or inflationary or other like trends and changing
technology as between one date and another;
13.2 to allow for all such amounts as may be
determined on review in computing the contribution from time to
time to the sinking fund providing however that this clause
shall not impose upon the Landlord any obligation to provide for
or continue to provide for if already established such sinking
fund.
14. | REFUSE |
The periodic collection removal and disposal of refuse.
15. | STATUTORY COMPLIANCE |
Compliance with any bye-laws or statutory requirements in
relation to the Scheme Common Areas.
16. | RATES |
Discharging all municipal rates (if any) and any other charges
which may be levied by the Local Authority in relation to the
Scheme Common Areas.
17. | MANAGEMENT |
Providing for the management of the Scheme Common Areas.
18. | INSURANCE |
Subject to the Landlord being able to effect such insurance, to
insure in respect of public liability, employer’s
liability, professional indemnity, motor insurance, property
loss or damage and against such other risks as the Landlord may
from time to time consider prudent and desirable and such risks
may be covered by any policy or policies of insurance as the
Landlord may consider appropriate.
19. | SERVICE CHARGE AUDIT |
Employing Accountants or Auditors for auditing the Scheme
Service Charge or providing other services in connection with
the Scheme Service Charge.
20. | FURTHER SERVICES |
Providing such further or other services or amenities which the
Landlord shall consider to be reasonable and proper and which
are consistent with the principles of good estate management.
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TENTH
SCHEDULE
Schedule
of Landlord Finishes to Demised Areas
1. | FLOORS |
Proprietary raised access floor system, medium grade,
galvanised, fully accessible, fully adjustable screwed down
platform floor.
2. | CEILINGS |
Proprietary metal grid ceiling system, fully accessible, with
200 mm plasterboard and skimmed finished bulk head at curtain
xxxxxxx locations.
3. | WALLS |
RC and concrete block walls plastered and painted with Mist-Coat
by the Landlord (with Tenant to apply finish coats subject to
Landlords approval) with painted MDF skirtings and window boards.
4. | COLUMNS |
Concrete columns finished with plasterboard and skimmed finish
with three coats of vinyl xxxx xxxxxxxx.
5. | AIR CONDITIONING |
A four piped fan coil system comprising in ceiling units,
ducted, complete with fresh air supply, extract air, chilled
water pipework and chillers, LPHW to each unit, controls etc.
A ventilation extract system supplied to all toilet areas
complete with ductwork, grilles, dampers, fire dampers and twin
extract fans.
6. | TOILETS |
The floor and wall finished in a high quality ceramic tile.
(Wall tiles are polished).
• | Ceilings are finished in a high quality moisture resistant suspension system. | |
• | Vanity shelves are formed in a high quality Angola black granite with top mounted Italian wash hand basin. Hard wood framed mirrors are mounted on mosaic back wall and recessed vanity lighting in bulk heads over basin. | |
• | Cubicle system is a high specification laminate finished system with integral ironmongery and removable back panels for duct access. | |
• | Disabled access: These are finished in the same manner as the main toilet areas and equipped with all requisite grab rails in accordance with current regulations. |
7. | LIFTS |
Block One will have four 13 persons per passenger lifts. Block
Two and Three will have three 13 passenger lifts each. These
lifts are all fitted out with American Red Cherrywood Veneer,
mirrors and granite floor tiles.
8. | HEATING |
Gas fired central boiler plant with LPHW to four pipes
FCU’s to the following circuits.
• | Fan coil system for each Block. | |
• | Heater batteries located in roof mounted AHU’s for each block. |
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• | Hot water central plant located in basement boiler house. | |
• | Under floor heating in ground floor entrance areas. |
9. | GENERAL OVAL FINISHES |
Please see attached general specification of Oval finishes.
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THE
OVAL
Finishes —
Brief Outline Specification
1. | 3. NO DOUBLE HEIGHT ATRIUM ENTRANCES |
Honed Portuguese Mondaritz granite and German Jura Limestone
floors with LED’s at entrances and built-in entrances mats.
Honed Portuguese Moleanus Limestone and Mondaritz Granite lift
surround cladding.
Bespoke Integrated Cherrywood, granite and glass reception desks.
American red Cherrywood veneer timber panelling with shadow
joints.
American red Cherrywood veneered lobby doors with concealed
closers.
Inclined double-height heat-soaked toughened planar structural
glazing.
Bespoke double curved aluminium ceilings with feature lighting.
Bespoke under-floor heating.
Automated pass door and frameless glass revolving doors.
Bespoke American red Cherrywood wall-mounted light fittings.
2. | Lift Lobbies (Upper Floors) |
Honed Mondaritz granite and German limestone floors.
Armacoat textured “Travertine” self-colour rendered
wall finish.
American red Cherrywood veneered panelling around office
entrance doors.
American red Cherrywood veneered lobby doors with concealed
closers.
Bespoke wall mounted American red Cherrywood light fittings.
Single curved decorative perforated aluminium ceilings with
feature lighting.
Bespoke stainless steel illuminated floor indicators.
3. | Ladies and Gents Washrooms |
Polished “Angola” black granite vanity tops.
Solid American red cherrywood framed mirrors on black mosaic
backing walls.
Italian porcelain basins with chromed single lever pedestal taps.
Vanity bulkhead lighting overhead.
Floor to ceiling Italian ceramic tiles.
Wall to wall Italian ceramic floor files.
Wall mounted S/S hand dryers and soap dispensers.
American red Cherrywood laminate toilet cubicles with s/s
fittings.
4. | Primary Access Stairs |
Bespoke decorative polished S/S balustrades with solid
Cherrywood handrails.
Top quality propriety cut-pile carpeting with underlay (to be
fitted).
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High quality wall mounted lights.
5. | Landscaping and Externals |
Feature main bridge entrance with glass and S/S balustrades and
s/s handrails.
Feature S/S and glass entrance gates with access control.
Protected 19th Century restored chimney stack with feature
lighting.
Central walk through mall area to Dodder with Landscape
Architect designed hard and soft landscaping incorporating
granite, Staffordshire brick and bespoke surface lighting.
Pressure impregnated solid Cedarwood soffits to external public
areas.
Podium amphitheatre seating with granite, glass, cedarwood and
feature lighting.
Riverwalk with landscaping and lighting onto River Dodder.
German Terracotta rainscreen / bris-soleil on “drum”
areas.
External Portuguese granite & German limestone cladding.
6. | Office Areas |
Office perimeter ceiling bulkhead detail with lighting.
Xxxxxxxxx Orcal perforated metal ceiling tiles.
Painted MDF skirtings and window boards.
Propriety metal clad raised access floors.
Floor to ceiling curtain xxxxxxx.
7. | Doors |
All doors have ironmongery from the Vieler range, including door
closers and handles.
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SIGNED, SEALED and DELIVERED by the
Said XXXXX XXXXXX in the presence of:-
SIGNED: XXXXX XXXXXX
IN THE PRESENCE OF: XXXXXXXX XXXX
SIGNED, SEALED and DELIVERED by the
Xxxx XXXXXX XXXXXXXX in the presence of:-
SIGNED: XXXXXX XXXXXXXX
IN THE PRESENCE OF: XXXXXXXX XXXX
SIGNED, SEALED and DELIVERED by the
Xxxx XXXXXX XxXXXXXXX in the presence of:-
SIGNED: XXXXXX XXXXXXXXX
IN THE PRESENCE OF: XXXXXXXX XXXX
SIGNED, SEALED and DELIVERED by the
Said XXXXXXX XXXX in the presence of:-
SIGNED: XXXXXXX XXXX
IN THE PRESENCE OF: XXXXXXXX XXXX
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PRESENT when the COMMON SEAL
of the said TENANT was
hereunto affixed:-
XXXX XXXXX
Director
XXXXXX XXXXXXXXXX
Director
IN THE PRESENCE OF: XXXX XXXXXXX, SOLICITOR, 00 XXXXXXX XXXXXX,
XXXXXX 0
SIGNED SEALED AND DELIVERED
by the said [GUARANTOR] in
the presence of:-
Or
PRESENT when the COMMON SEAL of
the said [XXXXXXXXX] was hereunto affixed:
XXXX XXXXX
Director
XXX XXXXX
Secretary
IN THE PRESENCE OF: XXXX XXXXXXX, SOLICITOR, 00 XXXXXXX XXXXXX,
XXXXXX 2
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APPENDIX
“A”
See
Operational Manual Annexed
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