electronic office services or equipment for tenants or other occupants of the Buildings on a
shared-usage basis through a central switch or a local area network. Without limiting the
generality of this Section 1.3, the Leased Premises shall not be used as or for (i) any health care
professionals or service organization, except for administrative offices where no diagnostic
treatment or laboratory services are performed; (ii) schools or other training facilities that are
not ancillary to executive, professional or corporate administrative office use; (iii) retail or
restaurant uses (except as specifically permitted by subparagraph (b) above); (iv) broadcast
studios or other broadcast production facilities such as radio and/or television stations except,
however, for any such facilities which are used for broadcast only to Tenant’s ships, including
ship-to-shore broadcasts; (v) product display or demonstration facilities (i.e., use of the Leased
Premises for product displays or demonstrations more than twice in any one week); (vi) offices at
which deposits or bills are regularly paid in person by customers of Tenant; or (vii) personnel
agencies, except offices of executive search firms; provided, however, the restrictions in the
preceding sentence shall not apply to Tenant if such uses are ancillary uses and are primarily for
the benefit of Tenant’s employees.
or the Buildings caused by such removal and storage charges (if Landlord, in its sole
discretion, elects to store such property).
(b) All installations, additions, partitions, hardware, cables, wires, fixtures and
improvements, temporary or permanent (including, but not limited to, any work performed by or on
behalf of Tenant in excess of Tenant’s initial Leasehold Improvements described in Section 5.1(a)
hereof (“Tenant’s Extra Work”)), except for Tenant’s signs, furnishings, equipment, communication
cables (other than Initial Cabling), telephone switches, trade fixtures, merchandise and other
personal property, in or upon the Leased Premises, whether placed there by Tenant or Landlord,
shall, upon the termination of this lease by lapse of time or otherwise or upon the earlier
termination of Tenant’s right of possession, become Landlord’s property and shall remain upon the
Leased Premises, all without compensation, allowance or credit to Tenant. With respect to any
improvements or alterations made after the Effective Date, if at the time Landlord consents to
Tenant’s installation thereof, Landlord advises Tenant that Landlord will require removal of the
same upon termination, then Tenant, at Tenant’s sole cost and expense, upon termination of this
Lease by lapse of time or otherwise or upon the earlier termination of Tenant’s right of
possession, shall promptly remove such designated items placed in or upon the Leased Premises by or
on behalf of Tenant and repair any damage to the Leased Premises or the Buildings caused by such
removal, failing which Landlord may remove the same and repair the Leased Premises or the
Buildings, as the case may be, and Tenant shall pay the cost thereof to Landlord on written demand;
provided, however, that Landlord shall not require removal of any leasehold improvement existing as
of the Effective Date (except as otherwise specifically provided herein, e.g. signage) or any
Leasehold Improvements made after the Effective Date but which are consistent with general office
space in Class A buildings or of the Initial Cabling (but as to Initial Cabling, outlets,
termination panels and wiring diagrams shall also remain if the Initial Cabling is not removed).
Tenant hereby agrees and acknowledges that the generator in place at the time of Tenant’s occupancy
as well as the UPS system are considered base building materials and shall remain the property of
Landlord.
(a) Subject to subparagraph (d) below, commencing on the Commencement Date and continuing
thereafter throughout the full Lease Term, Tenant hereby agrees to pay the Base Rental (as defined
hereinafter) and Tenant’s Forecast Additional Rental (as defined hereinafter) and Tenant’s
Additional Rental Adjustment (as defined hereinafter) in accordance with this Article. The Base
Rental and Tenant’s Forecast Additional Rental shall be due and payable in equal monthly
installments on the first day of each calendar month during the initial Lease Term and any
extensions or renewals hereof, and Tenant hereby agrees to so pay such rent to Landlord at
Landlord’s address as provided herein (or such other address as may be designated by Landlord from
time to time) monthly in advance.
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written notice of such termination; upon such termination Landlord
shall recover from Tenant all damages Landlord may suffer by reason
of such termination including, without limitation, unamortized sums
expended by Landlord for leasing commissions and construction of
tenant improvements, all arrearages in rentals, costs, charges,
additional rentals, and reimbursements, the cost (including court
costs and attorneys’ fees) of recovering possession of the Leased
Premises, the cost of any alteration of or repair to the Leased
Premises which is necessary or proper to prepare the same for
reletting and, in addition thereto, Landlord shall have and recover
from Tenant an amount equal to the excess, if any, of the total
amount of all rents and other charges to be paid by Tenant for the
remainder of the Lease Term over the then reasonable rental value of
the Leased Premises for the remainder of the Lease Term. |
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(vi) |
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Landlord, may, without re-entering, retaking or
resuming possession of the Leased Premises, xxx for all rents provided
for hereunder, including but not limited to Base Rental and Tenant’s
Additional Rental, and all other sums, charges, payments, costs and
expenses due from Tenant to Landlord hereunder, either: (i) as they
become due under this Lease, or (ii) at Landlord’s option, Landlord may
annually (on a recurring basis) accelerate the maturity and due date of
the whole or any part of the Base Rental and Tenant’s Additional Rental
for the successive twelve (12) month period during the remainder of the
Lease Term, as well as all other sums, charges, payments, costs and
expenses required to be paid by Tenant to Landlord hereunder,
including, without limitation, damages for a breach or default of
Tenant’s obligations hereunder in existence at the time of such
acceleration, such that all sums due and payable under this Lease for
each successive twelve (12) month period during the remainder of the
Lease Term shall, following such acceleration, be treated as being and,
in fact, due and payable in advance as of the date of such acceleration
(but for any such twelve (12) month period first arising after Landlord
has relet the Leased Premises or portions thereof, the acceleration of
Rental for any successive twelve (12) month periods as applies solely
to such relet portions of the Leased Premises, shall be limited to the
acceleration of the positive difference between the Rental under this
Lease for such relet portion of the Leased Premises and the actual
rental proceeds collected pursuant to such reletting of the portion of
the Leased Premises so relet) (all accelerated amounts shall be
discounted to the then-present value at the discount rate of the
Federal Reserve Bank of the district within which the Leased Premises
is located). Landlord may recover and collect all such unpaid Base
Rental, Tenant’s Additional Rental and other sums due and owing by
Tenant by distress, levy, execution or otherwise. |
Regardless of which alternative remedy is chosen by Landlord under the foregoing provision of this
subparagraph, Landlord shall not be required to relet the Leased Premises nor exercise any other
right granted to Landlord pursuant to this Lease, nor shall Landlord be under any obligation to
minimize or mitigate Landlord’s damages or Tenant’s loss as a result of Tenant’s breach of or
default under this Lease except as follows: if Landlord exercises the remedies set forth in
subparagraph (iv) without terminating this Lease, Landlord to the extent required by law, shall use
commercially reasonable efforts to relet the Leased Premises (for a term greater or less than the
remaining term of this Lease) but Landlord need not give priority to the Leased Premises over other
comparable vacant space in the Project in connection with reletting the Leased Premises.
(c) If Landlord re-enters the Leased Premises or terminates this Lease pursuant to any of the
provisions of this Lease, Tenant hereby waives all claims for damages which may be caused by such
re-entry or termination by Landlord, provided such entry or termination is in accordance with
applicable legal requirements. No such re-entry or termination shall be considered or construed to
be a forcible entry.
(d) The exercise by Landlord of any one or more of the rights and remedies provided in this
Lease shall not prevent the subsequent exercise by Landlord of any one or more of the other rights
and remedies
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herein provided. All remedies provided for in this Lease are cumulative and may, at the
election of Landlord, be exercised alternatively, successively, or in any other manner and are in
addition to any other rights provided for or allowed by law or in equity.
(e) No act by Landlord with respect to the Leased Premises shall terminate this Lease,
including, but not limited to, acceptance of the keys, institution of an action for detainer or
other dispossessory proceedings, it being understood that this Lease may only be terminated by
express written notice from Landlord to Tenant, and any reletting of the Leased Premises shall be
presumed to be for and on behalf of Tenant, and not Landlord, unless Landlord expressly provides
otherwise in writing to Tenant.
7.2 Insolvency or Bankruptcy. The appointment of a receiver to take possession of all
or substantially all of the assets of Tenant or any guarantor of Tenant’s obligations under this
Lease, or any general assignment by Tenant or any guarantor of Tenant’s obligations under this
Lease for the benefit of creditors, or any action taken or suffered by Tenant or any guarantor of
Tenant’s obligations under this Lease under any insolvency, bankruptcy, or reorganization act,
shall, at Landlord’s option, constitute a breach of this Lease by Tenant. Upon the happening of
any such event or at any time thereafter, this Lease shall terminate five (5) days after written
notice of termination from Landlord to Tenant. In no event shall this Lease be assigned or
assignable by operation of law or by voluntary or involuntary bankruptcy proceedings or otherwise
and in no event shall this Lease or any rights or privileges hereunder be an asset of Tenant under
any bankruptcy, insolvency, or reorganization proceedings.
7.3 Late Payments. Tenant shall pay, as a one (1) time late charge on each
installment of any Rental owed by Tenant hereunder that is not paid within five (5) days after the
date when due, the greater of [**] [Confidential Treatment] of the amount due for
each and every thirty (30) day period that said amount remains unpaid (but in no event shall the
amount of such late charge exceed an amount based upon the highest legally permissible rate
chargeable at any time by Landlord under the circumstances). Should Tenant make a partial payment
of past due amounts, the amount of such partial payment shall be applied first to reduce all
accrued and unpaid late charges, in inverse order of their maturity, and then to reduce all other
past due amounts, in inverse order of their maturity. Notwithstanding the foregoing, Landlord
shall not impose the late fee set forth in this Section 7.3 for the first time that Tenant is late
in any calendar year.
7.4 Attorneys’ Fees. If Landlord or Tenant initiate any action to enforce its rights
under this Lease or the terms hereof, the prevailing party shall be entitled to collect from the
other party all court costs, reasonable attorneys fees and litigation expenses, including, but not
limited to, costs of depositions and expert witnesses, that the prevailing party incurs in
connection with such action at the trial level and at all levels of appeal and in any post
judgment, bankruptcy and administrative proceeding.
7.5
Waiver of Homestead. Tenant hereby waives and renounces all homestead or
exemption rights which Tenant may have under or by virtue of the Constitutions and Laws of the
United States, the State of
Florida, and any other State as against any debt or sum Tenant may owe
Landlord under this Lease and hereby transfers, conveys, and assigns to Landlord all homestead or
exemption rights which may be allowed or set apart to Tenant, including such as may be set apart in
any bankruptcy proceeding, to pay any debt or sum owing by Tenant to Landlord hereunder.
7.6 No Waiver of Rights. No failure or delay of Landlord or Tenant to exercise any
right or power given them herein or to insist upon strict compliance by the other party of any
obligation imposed on it herein and no custom or practice of either party hereto at variance with
any term hereof shall constitute a waiver or a modification of the terms hereof by Landlord or any
right to demand strict compliance with the terms hereof. No waiver of any right of Landlord or
Tenant or any default by the other party on one occasion shall operate as a waiver of any of
Landlord’s other rights or of any subsequent default. No express waiver shall affect any
condition, covenant, rule, or regulation other than the one specified in such waiver and then only
for the time and in the manner specified in such waiver. No person has or shall have any authority
to waive any provision of this Lease unless such waiver is expressly made in writing and signed by
an authorized officer of Landlord.
7.7 Holding Over. In the event of holding over by Tenant after expiration or
termination of this Lease without the written consent of Landlord, Tenant shall pay, solely for
such holding over, [**] [Confidential Treatment] of the Rental that would have been
payable if this Lease had not terminated or expired for the first
thirty (30) days of holdover and
[**] [Confidential Treatment] of the Rental that would have been payable if this Lease had not
so terminated or expired) for the remaining holdover period. No holding over by Tenant after the
Lease Term shall be construed to extend this Lease, and Tenant shall be deemed a tenant at will,
terminable on five (5) days notice from Landlord, provided, however, if not less than one year
prior to the scheduled expiration date of the Lease Term, Tenant provides written notice to
Landlord that Tenant has irrevocably waived its Renewal Option and advises that Tenant intends to
holdover for a specified period (which period may not exceed one hundred twenty (120) days) Tenant
shall be entitled to remain in occupancy for the specified period as an authorized holdover and
shall be obligated to pay Rental in an amount equal to 105% of the Base Rental in effect
immediately prior to such period for the entire period so specified (plus all Additional Rental).
In the event of any unauthorized holding over, Tenant shall indemnify Landlord against all claims
for damages by any other tenant to whom Landlord shall have leased all or any part of the Leased
Premises effective upon the termination of this Lease. Any holding over with the express written
consent of Landlord shall thereafter constitute this Lease to be a lease from month to month
(terminable by either party on fifteen (15) days notice) at a Base Rental, Tenant’s Forecast
Additional Rental, and all other sums required to be paid by Tenant prior to the expiration or
termination of this Lease as may be determined by Landlord.
7.8 Subordination.
(a) Landlord may have heretofore or may hereafter encumber with a mortgage, deed of trust,
deed to secure debt, financing statement or other security interests (collectively, a “Mortgage”)
the Land, the Building, the Project or any part thereof or any interest therein, may sell and lease
back the Land, the Project or any part thereof, and may encumber the leasehold estate under such a
sale and leaseback arrangement with a Mortgage. (the holder of any Mortgage is herein called a
“Mortgagee.” A lease creating Landlord’s interest in the Land, the Building, the Project or part
thereof is herein called a “Ground Lease” and the lessor under any such Ground Lease is herein
called a “Ground Lessor”). Provided that any Mortgagee or Ground Lessor executes and delivers an
SNDA (as hereafter defined), this Lease and the rights of Tenant hereunder shall be and are hereby
expressly made subject to and subordinate at all times to any Mortgage and to any Ground Lease now
or hereafter existing, and to all amendments, modifications, renewals, extensions, consolidations
and replacements thereof, and to all advances made or hereafter to be made upon the security
thereof; provided, however, that whether or not an SNDA is executed and delivered, the Mortgagee or
Ground Lessor shall not, so long as Tenant shall not be in default under this Lease, disturb
Tenant in its possession of the Leased Premises or terminate Tenant’s rights hereunder. With
respect to Landlord’s existing Mortgagee, the foregoing subordination of this Lease and
non-disturbance of Tenant shall be memorialized in a Subordination, Non-Disturbance and Attornment
Agreement, in a form substantially as shown on Exhibit K hereto. With respect to any
subsequent Mortgagee or Ground Lessor, the subordination and non-disturbance agreement shall either
be substantially in the form of Exhibit K or shall be in the standard form required by such
Mortgagee or Ground Lessor but with such changes as are customarily requested by, and granted to,
major institutional tenants such as Tenant (in either case, an “SNDA”). Tenant agrees to execute
and deliver to Landlord an SNDA reflecting any Mortgagee or Ground Lessor designated by Landlord
within ten (10) days after Tenant’s receipt of such written request.
(b) If any Mortgage is foreclosed, or Landlord’s interest under this Lease is conveyed or
transferred in lieu of foreclosure, or if any Ground Lease is terminated:
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(i) |
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Upon request of any person or entity which as
the result of any of the foregoing has succeeded to the interest of
Landlord in this Lease (any such person or entity being hereafter
called a “Successor”), Tenant will attorn to such Successor, as
Landlord under this Lease, subject to the provisions of this Section
7.8(c) and Section 7.8(e), and will execute and deliver such
instruments as may be necessary or appropriate to evidence such
attornment within ten (10) days after receipt of a written request to
do so. |
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(ii) |
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No Successor shall be bound to recognize any
prepayment by more than thirty (30) days of any Rental payable by
Tenant hereunder, as more particularly provided in the SNDA. |
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(c) Notwithstanding anything to the contrary contained herein, any Mortgagee may subordinate,
in whole or in part, its Mortgage to this Lease by sending Tenant notice in writing subordinating
all or any part of such Mortgage to this Lease, and Tenant agrees to execute and deliver to such
Mortgagee such further instruments consenting to or confirming the subordination of all or any
portion of its Mortgage to this Lease and containing such other provisions which may be requested
in writing by such Mortgagee within ten (10) days after Tenant’s receipt of such written request.
(d) Whether or not any Mortgage is foreclosed or any Ground Lease is terminated, or any
Mortgagee or Ground Lessor succeeds to any interest of Landlord under this Lease, no Mortgagee or
Ground Lessor shall have any liability to Tenant for any security deposit paid to Landlord by
Tenant hereunder, unless such security deposit has actually been received by such Mortgagee or
Ground Lessor.
(e) Should any prospective Mortgagee or Ground Lessor require a modification or modifications
of this Lease, which modification or modifications will not cause an increased cost or expense to
Tenant or in any other way materially and adversely change the rights and obligations of Tenant
hereunder, in the reasonable judgment of Tenant, then and in such event, Tenant agrees that this
Lease may be so modified and agrees to execute whatever documents are reasonably required therefor
and deliver the same to Landlord within ten (10) business days following written request therefor.
Should any prospective Mortgagee or Ground Lessor require execution of a short form of this Lease
for recording (containing, among other customary provisions, the names of the parties, a
description of the Leased Premises and the Lease Term), Tenant agrees to execute such short form of
lease and deliver the same to Landlord within ten (10) days following the request therefor.
(f) If Tenant fails within the ten (10) day or ten (10) business day period, as applicable,
after initial written demand therefor to execute and deliver any instruments as may be necessary or
proper to effectuate any of the covenants of Tenant set forth above in this Section, Tenant hereby
makes, constitutes and irrevocably appoints any one of Landlord or any of Landlord’s beneficiaries
or partners in such beneficiaries as attorney-in-fact for Tenant (such power of attorney being
coupled with an interest) with full power and authority to execute and deliver any such instruments
for and in the name of Tenant.
(g) No Mortgagee or Ground Lessor of which Tenant has been notified, in writing, shall be
bound any amendment or modification of this Lease made without the written consent of such
Mortgagee or Ground Lessor.
7.9 Estoppel Certificate. Tenant agrees that, from time to time upon not less than
ten (10) business days prior request by Landlord, or any existing or prospective Mortgagee or
Ground Lessor, Tenant will, and Tenant will use commercially reasonable efforts to cause any
subtenant, licensee, concessionaire or other occupant of the Leased Premises claiming by, through
or under Tenant, to complete, execute and deliver to Landlord or Landlord’s designee or to any
existing or prospective mortgagee or ground lessor, a written estoppel certificate certifying (i)
that this Lease is unmodified and is in full force and effect (or if there have been modifications,
that this Lease, as modified, is in full force and effect and setting forth the modifications);
(ii) the amounts of the monthly installments of Base Rental, Tenant’s Forecast Additional Rental,
Tenant’s Additional Rental Adjustment and other sums then required to be paid under this Lease by
Tenant; (iii) the date to which the Base Rental, Tenant’s Forecast Additional Rental, Tenant’s
Additional Rental Adjustment and other sums required to be paid under this Lease by Tenant have
been paid; (iv) that Landlord is not in default to Tenant’s knowledge under any of the provisions
of this Lease, or if in default, the nature thereof in detail and what is required to cure same;
and (v) such other information concerning the status of this Lease or the parties’ performance
hereunder reasonably requested by Landlord or the party to whom such estoppel certificate is to be
addressed.
ARTICLE III
8.1 Sublease or Assignment by Tenant.
(a) Subject to subparagraphs (b) and (l) below, Tenant shall not, without Landlord’s prior
written consent, (i) assign, convey, mortgage, pledge, encumber, or otherwise transfer (whether
voluntarily, by operation of law, or otherwise) this Lease or any interest hereunder; (ii) allow
any lien to be placed upon Tenant’s interest hereunder; (iii) sublet the Leased Premises or any
part thereof; or (iv) permit the use or occupancy of the
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Leased Premises or any part thereof by any
one other than Tenant. Any attempt to consummate any of the foregoing without Landlord’s consent
shall be void and of no force or effect. If Tenant is an entity, other than a corporation whose
shares are traded on a nationally recognized stock exchange, any change to the structure of such
entity or any disposition(s) of any of the interests therein by sale, assignment, operation of law
or otherwise, or any change in the power to vote the interests therein, shall be treated as a
prohibited assignment of this Lease requiring Tenant to obtain Landlord’s prior written consent.
(b) Notwithstanding anything contained herein to the contrary, Tenant shall have the ongoing
right to sublease all or any portion of the Leased Premises during the Lease Term if Landlord
provides its prior written consent, which consent shall not unreasonably be withheld, conditioned,
or delayed; except, however, that Landlord may withhold consent to any proposed sublease if, in
Landlord’s opinion, the proposed sublease is: (i) not consistent with the tenancy of Comparable
Buildings; (ii) for a use not permitted by Section 1.3, (iii) to a governmental agency, (iv)
primarily (i.e., excluding ancillary uses provided to Tenant’s employees only as permitted under
Section 1.3 above) for medical use, (v) primarily (i.e., excluding ancillary uses provided to
Tenant’s employees only as permitted under Section 1.3 above) for an educational, training center
or similar use, or (vi) to a current tenant of the Project if Landlord has comparable space
available to accommodate such current tenant (but for purposes of the foregoing, if a current
tenant of Building 10 wants to expand, any space in a different building shall not be considered
comparable to space that is available in Building 10).
(c) Notwithstanding anything herein to the contrary but subject to Section 8.1(b), if at any
time or from time to time during the Lease Term, Tenant desires to sublet all or any portion of the
Leased Premises or assign Tenant’s interest in this Lease, Tenant shall notify Landlord in writing
(hereinafter referred to in this Section as the “Notice”) of the terms of the proposed subletting
or assignment, the identity of the proposed sublessee or assignee, such information as to the
business, reputation, and creditworthiness of the proposed assignee or sublessee as shall be
sufficient to allow Landlord to form a commercially reasonable judgment with respect thereto, the
area proposed to be sublet or covered by the assignment (hereinafter referred to as “Sublet
Space”), and such other information as Landlord may request to evaluate Tenant’s request to sublet
or assign. Landlord shall then have the option (i) to terminate this Lease as to the Sublet Space
as provided in subsection (d) hereof if but only if the proposed sublease is for a term equal to
substantially all of the remaining Term of this Lease (not including any unexercised renewal
option), (ii) to allow the proposed sublease or assignment subject only to the final review for
approval as provided in subsection (e) hereof, or (iii) to refuse to consent, in which case Tenant
may not proceed with the sublease or assignment. Landlord’s option to terminate, or to allow the
proposed sublease or assignment subject to final review, as the case may be, shall be exercisable
by Landlord in writing within a period of thirty (30) calendar days after receipt of the Notice and
any failure by Landlord to exercise any of such options within said thirty (30) day period shall be
deemed to constitute the election of option (ii) above. If Landlord exercises option (i), Tenant
may nullify the termination by rescinding its request to sublet by giving Landlord notice thereof
within ten (10) days after receipt of Landlord’s termination notice, in which case Tenant may not
thereafter sublease the Sublet Space for one hundred eighty (180) days thereafter. If, however,
Landlord is entitled to but does not elect option (i), Landlord shall not have the right to
exercise option (i) with respect to the same Sublet Space for a period of one hundred eighty (180)
days following the date of Tenant’s Notice.
(d) If Landlord elects to terminate this Lease pursuant to Landlord’s option set forth in
subparagraph (b)(i) above, then this Lease shall terminate as to the Sublet Space on the date set
forth in Landlord’s notice to Tenant, which date shall be no less than thirty (30) days and no more
than ninety (90) days after the date of such notice. If the Sublet Space does not constitute the
entire Leased Premises and Landlord exercises its option to terminate this Lease with respect to
the Sublet Space, as to that portion of the Leased Premises which is not part of the Sublet Space,
this Lease shall remain in full force and effect except that Base Rental, Tenant’s Forecast
Additional Rental, and Tenant’s Additional Rental shall be calculated on the remaining Rentable
Square Feet. Notwithstanding anything to the contrary, however, Landlord shall not have the right
to exercise the option to terminate under subparagraph (c)(i) unless the term of the proposed
sublease is for a period equal to substantially all of the remaining Term of this Lease (not
including any unexercised renewal option).
(e) If Landlord elects or is deemed to have elected to allow the proposed sublease or
assignment subject to final review, Tenant shall submit to Landlord, within twenty (20) calendar
days after receipt of Landlord’s notice of election (or the expiration of said thirty (30)-day
period if no such election is made), a copy of the proposed sublease or assignment, which sublease
or assignment must provide for the assumption of all of
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Tenant’s obligations under this Lease, and
such additional information as Landlord shall reasonably request. Landlord agrees not to
unreasonably withhold its approval of any proposed form of sublease or assignment and, in the event
Landlord fails to approve or disapprove any such sublease or assignment within ten (10) days after
Landlord’s receipt of such submission from Tenant, such form of sublease or assignment shall be
deemed to be approved.
(f) If Landlord approves any proposed sublease or assignment, Landlord shall be entitled to
receive from Tenant as Tenant’s Additional Rental hereunder [**] [Confidential Treatment] of any rents or
other sums received by Tenant pursuant to said sublease or assignment in excess of the rentals
payable to Landlord by Tenant under this Lease with respect to the Sublet Space (after deducting
all of Tenant’s reasonable costs associated therewith, including marketing costs, legal fees,
concessions, reasonable brokerage fees and the reasonable cost of remodeling or otherwise improving
the Leased Premises for said sublessee or assignee), as such rents or other sums are received by
Tenant from the approved sublessee or assignee. Landlord may require that any rent or other sums
paid by a sublessee or assignee be paid directly to Landlord. If Landlord approves in writing the
proposed sublessee or assignee and the terms of the proposed sublease or assignment, but a fully
executed counterpart of such sublease or assignment is not delivered to Landlord within one hundred
twenty (120) calendar days after the date of Landlord’s written approval, then Landlord’s approval
of the proposed sublease or assignment shall be deemed null and void and Tenant shall again comply
with all the conditions of this Section as if the Notice and options hereinabove referred to had
not been given, received or exercised. If Landlord fails to approve the form of sublease or
assignment or the sublessee or assignee, Tenant shall have the right to submit amended forms or
other sublessees or assignees to Landlord to review for approval.
(g) Notwithstanding the giving by Landlord of its consent to any sublease or assignment with
respect to the Leased Premises, no sublessee or assignee may exercise any expansion option, right
of first refusal option, or renewal option under this Lease nor be entitled to any signage rights
under Section 3.3(a)(i) and 3.3(a)(ii) unless a separate written agreement is entered into directly
between such sublessee or assignee and Landlord (and Landlord shall have sole discretion as to
whether to enter into such a separate agreement). Tenant may not exercise any such right with
respect to any space that Tenant has sublet or assigned for substantially all of the remaining
Lease Term (disregarding any unexercised renewal options).
(h) Notwithstanding the giving by Landlord of its consent to any subletting, assignment or
occupancy as provided hereunder or any language contained in such lease, sublease or assignment to
the contrary (i) unless this Lease is expressly terminated by Landlord, Tenant shall not be
relieved of any of Tenant’s obligations or covenants under this Lease and Tenant shall remain fully
liable hereunder; and (ii) no such consent or language shall be deemed to be Landlord’s consent to
any future sublease or assignment.
(i) If, with the consent of the Landlord, the Leased Premises or any part thereof is sublet or
occupied by other than Tenant or this Lease is assigned, Landlord may, after default by Tenant,
collect rent from the subtenant, assignee or occupant, and apply the net amount collected to the
Rental herein reserved. No such subletting, assignment, occupancy, or collection shall be deemed
(i) a waiver of any of Tenant’s covenants contained in this Lease, (ii) release of Tenant from
further performance by Tenant of its covenants under this Lease, or (iii) a waiver of any of
Landlord’s other rights hereunder.
(j) In no event shall Tenant assign this Lease or enter into any sublease, license, concession
or other agreement for use, occupancy or utilization of any part of the Leased Premises which
provides for a rental or other payment for such use, occupancy or utilization based in whole or in
part on the income or profits derived by any person from the Leased Premises leased, used, occupied
or utilized (other than an amount based on a fixed percentage or percentages of gross receipts of
sales), and Tenant agrees that all assignments, subleases, licenses, concessions or other
agreements for use, occupancy or utilization of any part of the Leased Premises shall provide that
the person having an interest in the possession, use, occupancy or utilization of the Leased
Premises shall not enter into any lease, sublease, license, concession or other agreement for use,
occupancy or utilization of space in
the Leased Premises which provides for a rental or other payment for such use, occupancy or
utilization based in whole or in part on the income or profits derived by any person from the
Leased Premises leased, used, occupied or utilized (other than an amount based on a fixed
percentage or percentages of gross receipts of sales) and any such purported assignment, sublease,
license, concession or other agreement shall be absolutely void and ineffective as a conveyance of
any right or interest in the possession, use, occupancy or utilization of any part of the Leased
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Premises. Notwithstanding anything in this Lease to the contrary, in no event shall Tenant assign
this Lease or enter into any sublease, license, concession or other agreement for use, occupancy or
utilization of any part of the Leased Premises, or otherwise transfer its rights hereunder, if the
same would (i) require the payment of any consideration that would not qualify as “rents from real
property,” as that term is defined in Section 856(d) of the Internal Revenue Code of 1986, as
amended (the “Code”), or (ii) cause any portion of the amounts payable under this Lease to fail to
qualify as rents from real property within the meaning of said Section 856(d) of the Code.
(k) Tenant shall pay to Landlord, as Landlord’s cost of processing, each proposed assignment
or subletting, an amount equal to the sum of (i) Landlord’s reasonable attorneys’ and other
professional fees, plus (ii) the sum of $250.00 for the cost of Landlord’s administrative,
accounting and clerical time (collectively, “Processing Costs”), and the amount of all direct and
indirect costs and expenses incurred by Landlord arising from the assignee or sublessee taking
occupancy of the subject space (including, without limitation, costs of freight elevator operation
for moving of furnishings and trade fixtures, security service, janitorial and cleaning service,
and rubbish removal service). Notwithstanding anything to the contrary herein, Landlord shall not
be required to process any request for Landlord’s consent to an assignment or subletting until
Tenant has paid to Landlord the amount of Landlord’s estimate of the Processing Costs and all other
direct and indirect costs and expenses of Landlord and its agents arising from the assignee or
subtenant taking occupancy.
(l) Notwithstanding anything to the contrary contained in this section, Tenant shall have the
right to assign this Lease or sublease the Leased Premises or any portion thereof without
Landlord’s prior written consent to any entity that directly or indirectly through one or more
intermediaries controls, is controlled by, or is under common control with, Tenant (“Affiliate”) or
to any entity which acquires a majority of the stock and voting interest of Tenant or substantially
all of the assets of Tenant or into which Tenant merges or consolidates (“Successor”); provided,
however that (i) the use of the Leased Premises remains as per the terms of this Lease, (ii) Tenant
gives Landlord prior written notice of such assignment in a form reasonably acceptable to Landlord,
(iii) Tenant acknowledges that it shall remain liable under the Lease, and (iv) the transferee
shall expressly assume Tenant’s obligations under the Lease and shall be jointly and severally
liable with Tenant under the Lease. The provisions of subparagraphs (c), (d), (e) and (f) above
shall not apply with respect to any such sublease or assignment to an Affiliate or Successor. In
addition, the provisions of subparagraph (g) above shall not apply with respect to any sublease or
assignment to a Successor (as such term is defined herein) subject to the terms and conditions set
forth in Section 3.3. Tenant may enter into contracts with “outsourcing” providers to provide
services to Tenant. Employees of such outsourcing providers may occupy portions of the Leased
Premises from time to time so long as such outsourcing providers do not pay a fee or any other
monetary consideration to Tenant in exchange for occupying space in the Leased Premises. For all
purposes of this Lease, all such outsourcing employees shall be considered to be employees of
Tenant, and as between Tenant and Landlord, Tenant shall have the same obligations and
responsibilities with respect to them as Tenant has with respect to its own employees.
(m) ERISA and UBTI Restrictions. Notwithstanding anything to the contrary contained
herein, including, without limitation, this Section 8.1, no assignment or subletting by Tenant, nor
any other transfer or vesting of Tenant’s interest hereunder (whether by merger, operation of law
or otherwise), shall be permitted if: (i) Landlord, or any person designated by Landlord as having
an interest therein, directly or indirectly, controls, is controlled by, or is under common control
with (A) the proposed assignee, sublessee or successor-in-interest of Tenant or (B) any person
which, directly or indirectly, controls, is controlled by or is under common control with, the
proposed assignee, sublessee or successor-in-interest of Tenant; (ii) the proposed assignment or
sublease (A) provides for a rental or other payment for the leasing, use, occupancy or utilization
of all or any portion of the Leased Premises based, in whole or in part, on the income or profits
derived by any person from the property so leased, used, occupied or utilized other than an amount
based on a fixed percentage or percentages of gross receipts or sales or (B) does not provide that
such assignee or subtenant shall not enter into any lease, sublease, license, concession or other
agreement for the use, occupancy or utilization of all or any portion of the Leased Premises which
provides for a rental or other payment for such use, occupancy or utilization based, in whole or in
part, on the income or profits derived by any person from the property so leased, used, occupied or
utilized other than an amount
based on a fixed percentage or percentages of gross receipts or sales; or (iii) in the
reasonable opinion of Landlord and Landlord’s counsel, such proposed assignment, subletting or
other transfer or vesting of Tenant’s interest hereunder (whether by merger, operation at law or
otherwise) will (A) cause a violation of the Employee Retirement Income Security Act of 1974 by
Landlord, or by any person which, directly or indirectly, controls, is controlled by, or is under
common control with, Landlord or any person who controls Landlord or (B) result or may in the
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future result in Landlord, or any person which, directly or indirectly, has an interest in
Landlord, receiving “unrelated business taxable income” (as defined in the Internal Revenue Code).
8.2 Assignment by Landlord. Landlord shall have the right to transfer and assign, in
whole or in part, all its rights and obligations hereunder, in the Building, the Project, the Land
and all other property referred to herein, and in such event and upon such transfer (any such
transferee to have the benefit of, and be subject to, the provisions of Sections 8.3 and 8.4
hereof) no further liability or obligation shall thereafter accrue against Landlord hereunder and
the transferee shall be deemed to have assumed all obligations hereunder arising subsequent to the
transfer or assignment.
8.3 Peaceful Enjoyment. Landlord covenants that Tenant shall and may peacefully have,
hold and enjoy the Leased Premises free from hindrance by Landlord or any person claiming by,
through or under Landlord but subject to the other terms hereof, provided that Tenant pays the
rental and other sums herein recited to be paid by Tenant and performs all of Tenant’s covenants
and agreements herein contained. It is understood and agreed that this covenant and any and all
other covenants of Landlord contained in this Lease shall be binding upon Landlord and its
successors only with respect to breaches occurring during the ownership of the Landlord’s interest
hereunder.
8.4 Limitation of Landlord’s Personal Liability. Tenant specifically agrees to look
solely to Landlord’s equity interest in the Buildings for the recovery of any monetary judgment
against Landlord, it being agreed that, notwithstanding any contrary provision of this Lease: (i)
Landlord, its parent, affiliates, subsidiaries, directors, officers, agents, shareholders or
employees, shall not be personally liable for any of the obligations of Landlord under this Lease,
and (ii) Tenant expressly agrees that Landlord’s liability hereunder or otherwise shall be limited
to, and Tenant shall only have recourse against, the value of Landlord’s fee interest in the
Buildings. The provision contained in the foregoing sentence is not intended to, and shall not,
limit any right that Tenant might otherwise have to obtain injunctive relief against Landlord or
Landlord’s successors in interest or any suit or action in connection with enforcement or
collection of amounts which may become owing or payable under or on account of insurance maintained
by Landlord.
8.5 Force Majeure. Landlord and Tenant (except with respect to the payment of Rental
or any other monetary obligation under this Lease) shall be excused for the period of any delay and
shall not be deemed in default with respect to the performance of any of the terms, covenants and
conditions of this Lease when prevented from so doing by a cause or causes beyond the Landlord’s or
Tenant’s (as the case may be) control (excluding financial inability to perform), which shall
include, without limitation, all labor disputes, governmental regulations or controls, fire or
other casualty, inability to obtain any material or services, acts of God, or any other cause not
within the reasonable control of Landlord or Tenant (as the case may be).
ARTICLE IV
9.1 Notices. Any notice or other communications required or permitted to be given
under this Lease must be in writing and shall be effectively given or delivered if (i) hand
delivered to the addresses for Landlord and Tenant stated below, (ii) sent by certified or
registered United States Mail, return receipt requested, to said addresses, or (iii) sent by
nationally recognized overnight courier (such as FedEx, UPS Next-day Air or Airborne Express), with
all delivery charges paid by the sender and signature required for delivery, to said address. Any
notice mailed shall be deemed to have been given upon receipt or refusal thereof. Notice effected
by hand delivery shall be deemed to have been given at the time of actual delivery. Either party
shall have the right to change its address to which notices shall thereafter be sent and the party
to whose attention such notice shall be directed by giving the other party notice thereof in
accordance with the provisions of this Section 9.1. The initial addresses of the parties for
purposes of this Lease are:
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If to Landlord:
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Xxxxx REIT Airport Corporate Center LLC or its affiliate |
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0000 Xxxx Xxx Xxxxxxxxx, Xxxxx 0000 |
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Xxxxxxx, Xxxxx 00000 |
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Attn: Xx. Xxxxxxx Xxxxx |
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Tel: (000) 000-0000 |
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Fax:
(713) – 966-2636 |
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Xxxxx Interests Limited Partnership |
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Xxxx Xxxxxxx Xxxxx |
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Xxxxxxx, Xxxxxxx 00000 |
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Attn: Xx. Xxxxxxx X. Xxxxxxxx |
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Tel: (000) 000-0000 |
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Fax: (000) 000-0000 |
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Xxxxx Interests Limited Partnership |
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0000 Xxxxxxxxx Xxxxxx Xxxxx, Xxxxx 000 |
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Xxxxx, Xxxxxxx 00000 |
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Attn: Property Manager |
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Tel: (000) 000-0000 |
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Fax: (000) 000-0000 |
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Xxxxx Interests Limited Partnership |
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00 Xxxx Xxxxxxx, Xxxxx 000 |
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Xxxxxxx, Xxxxxxxx 00000 |
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Attn: Mr. C. Xxxxx Xxxxxxxxx |
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Tel: (000) 000-0000 |
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Fax: (000) 000-0000 |
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With a copy to: |
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Xxx Xxxxxxxx XXX |
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Xxxx Xxxxxxx Xxxxx, 00xx Xxxxx |
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0000 Xxxxxxxx Xxxxxx |
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Xxxxx, Xxxxxxx 00000 |
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Attn: Xxxxx X. Xxxxx, Esq. |
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Tel: (000) 000-0000 |
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Fax: (000) 000-0000 |
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If to Tenant:
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NCL (Bahamas) Ltd. |
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0000 Xxxxxxx Xxxxxxxxx Xxxxxx Xxxxx |
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Xxxxx, Xxxxxxx 00000 |
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Attn: Xxxxxx Xxxxxxx |
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Tel: (000) 000-0000 |
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Fax: |
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With a copy to: |
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NCL (Bahamas) Ltd. |
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0000 Xxxxxxx Xxxxxxxxx Xxxxxx Xxxxx |
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Xxxxx, Xxxxxxx 00000 |
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Attn: General Counsel |
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Tenant shall also send a copy of each such notice to each Mortgagee that notifies Tenant in writing
of its interest and the address to which notices are to be sent.
9.2 Miscellaneous.
(a) This Lease shall be binding upon and inure to the benefit of the successors and assigns of
Landlord, and shall be binding upon and inure to the benefit of Tenant, its successors, and its
permitted assigns. Where appropriate the pronouns of any gender shall include the other gender,
and either the singular or the plural shall include the other. Wherever used in this Lease or any
exhibit or schedule hereto, the terms “attorneys’ fees” and “costs” shall include those incurred
whether or not suit is instituted and it shall also include those incurred at the trial level, all
levels of appeal, and in any bankruptcy, administrative or post-judgment proceeding.
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(b) All rights and remedies of Landlord and Tenant under this Lease shall be cumulative and
none shall exclude any other rights or remedies allowed by law. This Lease is declared to be a
Florida contract, and all of the terms hereof shall be construed according to the laws of the State
of
Florida. Venue shall be in Miami-Dade County, Florida.
(c) This Lease may not be altered, changed or amended, except by an instrument in writing
executed by all parties hereto. Further, the terms and provisions of this Lease shall not be
construed against or in favor of a party hereto merely because such party is the “Landlord” or the
“Tenant” hereunder or such party or its counsel is the draftsman of this Lease.
(d) If Tenant is a corporation, partnership or other entity, Tenant warrants that all consents
or approvals required of third parties (including but not limited to its Board of Directors or
partners) for the execution, delivery and performance of this Lease have been obtained and that
Tenant has the right and authority to enter into and perform its covenants contained in this Lease.
Likewise, if Landlord is a corporation, partnership or other entity, Landlord warrants that all
consent or approvals required of third parties (including but not limited to its Board of Directors
or partners) for the execution, delivery and performance of this Lease have been obtained and that
Landlord has the right and authority to enter into and perform its covenants contained in this
Lease.
(e) TO THE EXTENT PERMITTED BY APPLICABLE LAW, THE PARTIES HERETO SHALL AND THEY HEREBY DO
WAIVE TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM BROUGHT BY EITHER OF THE PARTIES
HERETO AGAINST THE OTHER ON ANY MATTERS WHATSOEVER ARISING OUT OF OR IN ANY WAY CONNECTED WITH THIS
LEASE, THE RELATIONSHIP OF LANDLORD AND TENANT, TENANT’S USE OR OCCUPANCY OF THE LEASED PREMISES
AND/OR ANY CLAIM OF INJURY OR DAMAGE. IN THE EVENT LANDLORD COMMENCES ANY PROCEEDINGS FOR
NONPAYMENT OF RENT OR ANY OTHER AMOUNTS PAYABLE HEREUNDER, TENANT SHALL NOT INTERPOSE ANY
COUNTERCLAIM OF WHATEVER NATURE OR DESCRIPTION IN ANY SUCH PROCEEDING, UNLESS THE FAILURE TO RAISE
THE SAME WOULD CONSTITUTE A WAIVER THEREOF. THIS SHALL NOT, HOWEVER, BE CONSTRUED AS A WAIVER OF
TENANT’S RIGHT TO ASSERT SUCH CLAIMS IN ANY SEPARATE ACTION BROUGHT BY TENANT.
(f) Wherever in this Lease there is imposed upon Landlord or Tenant the obligation to use best
or reasonable efforts or due diligence, Landlord or Tenant, as applicable, shall be required to do
so only to the extent the same is economically feasible and otherwise will not impose upon such
party extreme financial or other burdens.
(g) If any term or provision of this Lease, or the application thereof to any person or
circumstance, shall to any extent be invalid or unenforceable, the remainder of this Lease, or the
application of such provision to persons or circumstances other than those as to which it is
invalid or unenforceable, shall not be affected thereby, and each provision of this Lease shall be
valid and shall be enforceable to the extent permitted by law.
(h) Time is of the essence in this Lease.
(i) This Lease Agreement shall not convey any leasehold estate from Landlord to Tenant.
Landlord and Tenant hereby agree that this Lease creates only the interest of a usufruct in Tenant
which may not be levied upon or assigned without Landlord’s permission.
(j) Tenant represents and warrants to Landlord that Tenant did not deal with any broker in
connection with this Lease other than that broker or those brokers set forth on the BLI Rider (if
more than one, collectively, the “Broker”). Landlord shall pay Xxxxxxx, Inc. pursuant to a
separate agreement and Xxxxxxx in turn shall pay Xxxxxxx Realty, Inc. pursuant to a separate
agreement between Xxxxxxx, Inc. and Xxxxxxx Realty, Inc. Tenant shall indemnify, defend and hold
Landlord, Landlord’s beneficiaries, the managing agent of the Buildings, the leasing agent of the
Buildings and their respective agents, partners and employees and the Buildings harmless of, from
and against any and all losses, damages, liabilities, claims, liens, costs and expenses (including,
without limitation, court costs, reasonable attorneys’ fees and litigation expenses at all levels)
arising from any claims or demands of any other broker or brokers
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or finders for any commission
alleged to be due such other broker or brokers or finders claiming to have dealt with Tenant in
connection with this Lease or with whom Tenant hereafter deals or whom Tenant employs. Landlord
warrants and represents to Tenant that Landlord did not deal with any broker in connection with
this Lease other than Broker. Landlord shall indemnify, defend and hold Tenant harmless from and
against any and all losses, damages, liabilities, claims, liens, costs and expenses (including,
without limitation, court costs, reasonable attorneys’ fees and litigation expenses at all levels)
arising from any claims or demand of any other broker or brokers or finders for any commission
alleged to be due such other broker or brokers or finder claiming to have dealt with Landlord in
connection with this Lease or with whom Landlord hereafter deals or whom Landlord employs. The
provisions of this subsection shall survive the expiration or earlier termination of this Lease.
(k) If Tenant consists of more than one person, corporation, partnership, limited liability
company or other entity, the liability hereunder of all such persons, corporations, partnerships or
other entities shall be joint and several.
(l) Landlord’s receipt of any Rental payable by Tenant hereunder with knowledge of the breach
of a covenant or agreement contained in this Lease shall not be deemed a waiver of the breach. No
acceptance by Landlord of a lesser amount than the installment of Rental which is due shall be
considered, nor shall any endorsement or statement on any check or any letter accompanying any
check or payment be deemed, an accord and satisfaction. Landlord may accept a check or payment
without prejudice to Landlord’s right to recover the balance due or to pursue any other remedy
provided in this Lease.
(m) Wherever Landlord’s consent or approval is required pursuant to the terms of this Lease,
Landlord may grant or withhold the same in Landlord’s sole and absolute discretion, except as
otherwise expressly provided herein.
(n) Tenant covenants and agrees to use good faith efforts (i) to keep strictly confidential
all of the financial terms of this Lease and (ii) not to disseminate any such information to any
third parties, without the prior written consent of Landlord, except as required by law. Tenant
further covenants and agrees that, at all times prior to the Commencement Date (excluding the
Commencement Date for Xxxxxxxx 00 Xxxxx Xxxxx Premises and Ground Floor Suite), unless consented to
in writing by Landlord, no press release or other public disclosure concerning this Lease shall be
made by Tenant.
(o) Submission of this instrument for examination shall not constitute a reservation of or
option to lease the Leased Premises or in any manner bind Landlord, and no lease or obligation on
Landlord shall arise until this instrument is signed and delivered by Landlord and Tenant;
provided, however, the execution and delivery by Tenant of this Lease to Landlord, or the managing
agent of the Buildings or the leasing agent of the Building shall constitute an irrevocable offer
by Tenant to lease the Leased Premises on the terms and conditions herein contained, which offer
may not be revoked for thirty (30) days after such delivery.
(p) Tenant shall deliver to Landlord annually and within twenty (20) days after Landlord’s
written request, Tenant’s most recently prepared monthly, quarterly and annual financial statements
including balance sheets, income statements and cash flow statements, prepared in accordance with
generally accepted accounting principles consistently applied. Such financial statements shall be
certified by the chief financial officer of Tenant as being true, accurate and complete in all
material respects. After an Event of Default occurs and while it continues, Landlord shall have
the right, exercisable once during each year of the Lease Term, to cause, at Landlord’s expense, an
independent certified public accountant to audit Tenant’s annual financial statements. Tenant
shall also, upon Landlord’s reasonable requests from time to time, deliver to Landlord such other
financial information regarding Tenant as may be reasonably available. Any contrary provisions
notwithstanding, as long as
NCL is Tenant, Tenant’s obligation to provide financial statements shall be satisfied so long
as Tenant’s current 20F and 6K reports are available online at the SEC website.
(q) Radon Gas. Radon is a naturally occurring radioactive gas that, when it has
accumulated in a building in sufficient quantities, may present health risks to persons who are
exposed to it over time. Levels of radon that exceed federal and state guidelines have been found
in buildings in Florida. Additional information regarding radon and radon testing may be obtained
from your county health department.
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(r) Tenant agrees not to block or cover any of the heating, ventilation or air-conditioning
ducts in the Leased Premises or to tamper with the climate controls from within the Leased
Premises. Tenant agrees to promptly report to the Landlord upon Tenant’s becoming aware thereof:
(i) any evidence of a water leak or excessive moisture in the Leased Premises; and (ii) any
evidence of Mold or a Mold Condition that cannot be removed by simply applying a common household
cleaner and wiping the area. Provided that Landlord provides HVAC services and Repairs in
accordance with Sections 3.1 and 5.2 of this Lease except in connection with any casualty requiring
restoration work, Tenant hereby (A) assumes the risks associated with Mold and/or a Mold Condition,
(B) waives any claim or cause of action against Landlord arising out of the existence of Mold or a
Mold Condition in the Leased Premises and/or the Buildings, and (C) releases the Landlord from any
and all liabilities resulting from Mold or any Mold Condition. As used herein, “Mold” means mold,
mildew, fungus or other potentially dangerous organisms in amounts sufficient to create a health
risk to humans, and “Mold Condition” means the presence or suspected presence of Mold or any
condition(s) that reasonably can be expected to give rise to or indicate the presence of Mold,
including observed or suspected instances of water damage or intrusion, the presence of wet or damp
wood, cellular wallboard, floor coverings or other materials, inappropriate climate control,
discoloration of walls, ceilings or floors, complaints of respiratory ailment or eye irritation by
residents, employees or any other occupants or invitees in the Buildings, or any notice from a
governmental agency of complaints regarding the indoor air quality at the Buildings.
9.3 OFAC.
(a) Pursuant to United States Presidential Executive Order 13224 signed on September 24, 2001,
and entitled “Blocking Property and Prohibiting Transactions with Persons Who Commit Threaten to
Commit, or Support Terrorism” (the “Executive Order”), U.S. companies are required to ensure that
they do not transact business with persons or entities determined to have committed, or to pose a
risk of committing or supporting, terrorist acts and those identified on the list of Specially
Designated Nationals and Blocked Persons (“List”), generated by the Office of Foreign Assets
Control of the U.S. Department of the Treasury. The names or aliases of these persons or entities
(“Blocked Person”) are updated from time to time. Tenant hereby acknowledges and agrees that
Tenant’s inclusion on the List at any time during the Lease Term shall result in the delay of
services contemplated by this Lease. If it is determined that Tenant is a Blocked Person, this
Lease shall be immediately terminated. The provisions of this paragraph will survive termination of
this Lease.
(b) Tenant represents and warrants to Landlord as follows: (i) neither Tenant nor any person
or entity that directly owns ten percent (10%) or greater equity interest in it nor to Tenant’s
knowledge any of its officers, directors, or managing members is a person or entity (each, a
“Prohibited Person”) with whom U.S. Person or entities are restricted from doing business under
regulations of the Office of Foreign Asset Control (“OFAC”) of the Department of the U.S. Treasury
(including those named on OFAC’s Specifically Designated and Blocked Person List) or under the
Executive Order, or other governmental action, and (ii) Tenant shall comply with the Executive
Order throughout the Lease Term.
9.4 Waiver of Landlord’s Lien. Landlord hereby waives its “landlord’s lien” or any
other statutory lien, contractual lien or security interest given by law or this Lease to Landlord
in any property (including, but not limited to equipment, furniture, fixtures, inventory and
supplies) of Tenant now or hereafter placed in or upon the Leased Premises. Landlord agrees to
execute any further required documentation to evidence this waiver of its landlord’s lien or other
statutory lien or contractual lien and to acknowledge that Tenant shall have the right to obtain
financing on any or all of its property (including, but not limited to, equipment, furniture,
fixtures, inventory and supplies) which it brings upon the Leased Premises and to grant a first
security or other priority security interest and lien in and to such property in connection
therewith. The
provisions of this Section 9.4 shall not prevent Landlord from obtaining a judgment lien in
connection with any litigation arising between Landlord and Tenant.
9.5 Recordation. If Tenant elects to obtain a leasehold title insurance policy with
respect to this Lease, Tenant may record a memorandum of this Lease in the Public Records of
Miami-Dade County and Landlord agrees to execute such memorandum for purposes thereof. Upon
termination of this Lease, Tenant shall execute such terminations or notices in the Public Records
of Miami-Dade County as shall be reasonably necessary to evidence the termination of the Lease and,
if Tenant fails to do so, Landlord is hereby granted the right to do so for and on behalf of
Tenant.
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9.6 Generators. The Leased Premises are currently connected to Landlord’s building
generators (one for each Building) to provide back-up electrical power to the Leased Premises.
Tenant shall continue to have usage of Landlord’s generators during times of power failure.
Landlord shall continue to maintain and repair and replace the generators in good working order and
all costs thereof shall be Operating Costs, to the extent permitted by Section 2.4. Provided that
there is excess capacity, Landlord may allow such generators to be used by others. Tenant agrees
that Landlord shall have no liability or responsibility if for any reason the generator(s) fail to
start or to function correctly except for Landlord’s gross negligence or willful misconduct. The
back-up generators are intended solely as an accommodation and no liability shall inure to Landlord
as a result of Tenant’s use of such generators.
ARTICLE V
10.1 Right of First Offer. Tenant shall have a continuous right of first offer (the
“ROFO”) to lease all space in Building 10 which is not included in the Leased Premises (“ROFO
Space”) if and to the extent that such ROFO Space becomes “available for lease.” Space shall not
be considered available for lease if it is leased by another tenant or is subject to an expansion
option or prior right of first offer held by another tenant or if the existing tenant of such space
desires to renew or extend its lease (pursuant to an option existing in its lease).
Landlord shall notify Tenant when any such ROFO Space is, or is about to become, available for
Tenant to lease pursuant to Tenant’s ROFO (“Landlord’s ROFO Notice”). Landlord’s ROFO Notice shall
identify the ROFO Space, shall specify the estimated delivery date, and shall specify the rental
rate and terms and conditions which will apply if Tenant exercises its ROFO. If Tenant exercises
his ROFO, the rental rate to be paid by Tenant with respect to the ROFO Space shall be as follows:
(a) if the ROFO Space is added to the Leased Premises with a rent commencement date prior to
December 1, 2015, the Base Rental shall be at [**] [Confidential Treatment]. Tenant shall also be entitled to a
prorated Tenant Improvement Allowance in an amount equal to [**] [Confidential Treatment] per RSF within the ROFO Space
multiplied by a fraction, the numerator of which is the number of months remaining in the initial
146 month Lease Term for which Tenant will pay rent for the ROFO Space and the denominator of which
shall be 146;
(b) if the ROFO Space will be added to the Leased Premises with a rent commencement date on or
after December 1, 2015, the Base Rental shall be [**] [Confidential Treatment] and terms as reasonably
determined by Landlord.
Upon the date that any ROFO Space is added to the Leased Premises, Tenant’s Percentage Share
shall be adjusted to reflect the additional RSF.
If Tenant does not exercise its ROFO within twenty (20) days of any Landlord’s ROFO Notice,
Tenant’s ROFO Rights shall expire and be void, the ROFO Space shall be unencumbered by Tenant’s
ROFO and Landlord may thereafter lease the space to any tenant on such terms as Landlord deems
acceptable whether or not more favorable than set forth in Landlord’s ROFO Notice for a period of
nine (9) months following the date of the ROFO Notice. If such space is leased to another tenant
during such nine (9) month period, the ROFO Space shall remain unencumbered by Tenant’s ROFO until
such time as such lease expires and is not renewed (pursuant to a lease option), at which time the
ROFO shall then again exist for Tenant’s benefit. The aforesaid 9-month period shall be
extended through the end of negotiations if Landlord is engaged in good faith negotiations
with another tenant for the lease of the ROFO Space at the time of the expiration of such nine (9)
month period. Landlord shall not grant any presently existing occupant of ROFO Space any right of
first offer or refusal or right to renew or extend its lease which does not exist on the Effective
Date, except in connection with any lease entered into during any nine (9) month period following
Tenant’s non-exercise of a ROFO for the applicable ROFO Space.
Notwithstanding the foregoing, Tenant shall not be entitled to its ROFO at any time during
which Tenant is in default under this Lease beyond any applicable notice or grace period. Tenant’s
ROFO rights are personal to Tenant and may not be exercised by any sublessee or assignee of this
Lease.
-00-
Xxxx Xxxxxxxx’s request, Landlord and Tenant shall execute a mutually acceptable amendment to
this Lease setting forth the terms under which ROFO Space is leased to Tenant within fifteen (15)
business days after Tenant’s exercise thereof.
10.2 Renewal Option. Subject to the provisions set forth below, Landlord hereby grants
to Tenant two (2) options to extend the term of this Lease (each a “Renewal Option”) for a period
of five (5) years each (each a “Renewal Term”). If a Renewal Option is properly exercised, the
Renewal Term shall commence at the expiration of the original Lease Term or first Renewal Term, as
applicable, and shall expire five (5) years thereafter. Tenant shall exercise a Renewal Option by
delivering written notice of such election to Landlord not less than fifteen (15) months or more
than eighteen (18) months prior to the then-existing expiration of the Lease Term or first Renewal
Term (a “Renewal Notice”). If Tenant fails to timely exercise any Renewal Option (time being of
the essence), all of Tenant’s subsequent rights to renew shall expire and shall not thereafter be
exercisable. If Tenant timely exercises its Renewal Option such renewal shall be upon the same
terms and conditions as provided in this Lease except that rental and tenant inducements shall be
determined in accordance with Exhibit J hereto (“Market Terms”). The Market Terms shall be
determined within sixty (60) days of Landlord’s receipt of a Renewal Notice and in accordance
with Exhibit J attached hereto. If, however, Tenant is not satisfied with the final
determination of the Market Terms then Tenant may revoke its exercise of the Renewal Option by
providing written notice to Landlord within twenty (20) days of the final determination of the
Market Terms or twelve (12) months prior to the expiration of the Lease Term, whichever is earlier.
If Tenant delivers its notice of revocation, the Renewal Option (and any subsequent Renewal
Option) shall be void and the Lease shall expire as if Tenant had never exercised its Renewal
Option. Notwithstanding anything to the contrary, Tenant shall not be entitled to exercise its
Renewal Option at any time when Tenant is in default under this Lease beyond any applicable notice
or cure period. Tenant’s Renewal Option is personal to Tenant and may not be exercised by any
sublessee or any assignee of this Lease.
10.3 Available Space. In January of each year, Tenant may request in writing that
Landlord provide a list of space which may become available for lease in Building 10 during such
calendar year and the year thereafter. Within ten (10) business days after receipt of such written
request, Landlord shall inform Tenant of any available space that would lead to a future expansion
of the Leased Premises in Building 10 during such calendar year and the year thereafter. Such list
of available space shall be kept confidential by Tenant.
[CONTINUED ON FOLLOWING PAGE]
-39-
[CONTINUED FROM PREVIOUS PAGE]
IN WITNESS WHEREOF, the parties hereto have executed and sealed this Lease as of the date
aforesaid.
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LANDLORD:
XXXXX REIT AIRPORT CORPORATE
CENTER LLC,
a Delaware limited liability company or its affiliate
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By: |
XXXXX REIT PROPERTIES, L.P.,
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a Delaware limited partnership |
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Its Sole Member |
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By: |
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XXXXX REAL ESTATE |
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INVESTMENT TRUST, INC., |
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a Maryland corporation
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Its General Partner |
Witnesses:
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/s/ Xxxxx Xxxxxxxxx
Print Name: Xxxxx Xxxxxxxxx
Print Name: Xxxxxxx Xxxxxxx |
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By: /s/ Xxxxx Apollo
Xxxxx Apollo
Its Chief Accounting Officer |
-40-
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TENANT:
NCL (BAHAMAS) LTD. D/B/A NORWEGIAN
CRUISE LINE,
a Bermuda company
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Witnesses:
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/s/ Xxxxx Xxxxxxx
Print Name: Xxxxx Xxxxxxx
/s/ Xxxxxx Xxxxxxx
Print Name: Xxxxxx Xxxxxxx |
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By: /s/ Xxxxx Xxxxxx
Name: Xxxxx Xxxxxx
Title: President & CEO |
-41-
EXHIBIT A
SITE PLAN AND LOCATION OF PROPERTY 11 AND PROPERTY 10
Exhibit A — Page 1
EXHIBIT A-1
DESCRIPTION OF PARCEL 11
PARCEL 6
Tract B-1, of ACC-WEST REPLAT, according to Plat thereof, recorded in Plat Book 146, at Page 29,
Public Records of Miami-Dade County, Florida.
EXHIBIT A-2
DESCRIPTION OF PARCEL 10
PARCEL 6
Tract B-1, of ACC-WEST REPLAT, according to Plat thereof, recorded in Plat Book 146, at Page 29,
Public Records of Miami-Dade County, Florida.
EXHIBIT B
SITE PLAN AND LOCATION OF THE PROJECT
EXHIBIT
X-x
DESCRIPTION OF THE PROJECT
PARCEL 1:
Xxxx
0, 0 xxx 0, xx Xxxxx 1, and Xxx 0, xx Xxxxx 0, XXXXXXX XXXXXXXXX CENTER, according to the
Plat thereof, recorded in Plat Book 130, at Page 51, of the Public Records of Miami-Dade County,
Florida.
PARCEL 2:
Xxx
0, Xxxxx 0, XXXXXXX XXXXXXXXX CENTER, according to the Plat thereof, recorded in Plat Book
130, at Page 51, of the Public Records of Miami-Dade County, Florida.
PARCEL 2-A:
Together with a non-exclusive easement for vehicular and pedestrian ingress and egress
over and across the West 12 feet of Xxx 0, Xxxxx 0, XXXXXXX XXXXXXXXX XXXXXX, Xxxx Book 130, Page
51, created pursuant to that certain Declaration of Restrictive Covenants in Lieu of Unity of
Title, Easement and Operating Agreement dated December 31, 1986, filed January 2, 1987, in Official
Records Book 13134, page 1105, of the Public Records of Miami-Dade
County, Florida.
PARCEL 3:
Xxx 0, Xxxxx 0, XXXXXXX XXXXXXXXX CENTER, according to the Plat thereof, recorded in
Plat Book 130, at Page 51, of the Public Records of Miami-Dade County, Florida.
PARCEL 3-A:
The nonexclusive easement reserved in instrument filed January 2, 1987, in Official Records
Book 13134, page 1105, for ingress and egress over the East 12 feet
of Xxx 0, Xxxxx 0, XXXXXXX
XXXXXXXXX CENTER, according to the Plat thereof, recorded in Plat Book 130, at Page
51, of the Public Records of Miami-Dade County, Florida, for the benefit of Xxx 0, Xxxxx 0,
XXXXXXX XXXXXXXXX CENTER, according to the Plat thereof, recorded in Plat Book 130, at Page 51, of
the Public Records of Miami-Dade County, Florida.
PARCEL 4:
Tract “B-2”, of ACC-WEST REPLAT, according to the Plat thereof, recorded in Plat
Book 146, a
Page 29, of the Public Records of Miami-Dade County, Florida.
PARCEL 4-A:
TOGETHER WITH that certain Driveway Easement created pursuant to
Driveway Easement Agreement dated September 5, 1996, filed September 11, 1996,
in Official Records Book 17348, at Page 3797.
Exhibit X-x
- Page 1
PARCEL 4-B:
TOGETHER WITH Reciprocal Easement for Ingress and Egress created pursuant to
Road Basement and Drainage Easement dated January 30, 1992,
filed February 11, 1992, in Official Records Book 15382, page 2352.
PARCEL 4-C:
Together with a non-exclusive right, privilege and easement for access over and across
the driveway only, legally described and depicted as set forth in
Exhibit “C” of that
certain Access Easement Agreement filed February 1 i, 1992, in Official Records Book 15382, page
2371, as amended by Amendment to Access Easement Agreement filed June 19, 1996, in Official
Records Book 17245, page 1450.
PARCEL5:
Tract
“A”, of ACC-WEST, according to the Plat thereof, recorded in Plat Book 144, at
Page 29, Public Records of Miami-Dade County, Florida.
PARCEL 5-A:
Together with that certain Driveway Easement created pursuant to Driveway Basement Agreement
dated September 5,1996, filed September 11,
1996, in Official Records Book 17348, page 3797.
PARCEL
5-B.
TOGETHER WITH that certain Road Easement and Drainage Easement created pursuant to Road
Easement and Drainage Easement Agreement dated January 30, 1992,
filed February 11, 1992, to Official Records Book 15382, at Page 2352
PARCEL 6:
Tract X-x, of ACC-WEST REPLAT, according to the Plat thereof, recorded in Plat Book
146, at Page 29, Public Records of Miami-Dade County, Florida.
PARCEL 6-A:
Together with a non-exclusive right, privilege and easement for access over and across the driveway
only, legally described and depicted as set forth in Exhibit “C” of that certain Access
Easement Agreement filed February 11, 1992, in Official Records Book 15382, page 2371, as amended
by Amendment to Access Easement Agreement filed June 19, 1996, in Official Records Book 17245,
page 1450.
Exhibit X-x
-Page 0
XXXXXXX X
XXXXX XXXX XX XXXXXXXX 00 PREMISES
Exhibit C
- Page 1
EXHIBIT X-0
XXXXX XXXX XX XXXXXXXX 00 PREMISES
Exhibit C-1
- Page 1
EXHIBIT D
BASE BUILDING SHELL CONDITION
The following Base Building Condition shall be provided by Landlord at Landlord’s sole cost and
shall not be deducted from the Tenant Construction Allowance. The Building in the base shell
condition described in this Exhibit C may be referred to in the Lease and the exhibits attached to
the Lease as either the “Base Building” or the “Base Shell Condition” or the “Building”:
a. |
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Tenant will provide on-floor panels and distribution as part of the Initial Improvements.
Base Building electrical service will accommodate up to 7 Xxxxx (3 Xxxxx @ 120/208 Volts & 4
Xxxxx @277/480 Volts) per Rentable Square Foot. |
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b. |
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Air conditioning main duct into the space ready for distribution by Tenant. VAV boxes with
controls will be included on Tenant’s floor for the use of all occupants on that floor. Each
VAV box will serve approximately 800 rentable square feet. |
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c. |
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Typical multi-tenant floor corridor walls to be completed with common area side only. |
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d. |
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Life Safety |
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i. |
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In all tenant spaces sprinkler heads, in a code compliant configuration, shall
be provided. All required drops, relocation of sprinkler heads or additional heads in
Tenant Improvement areas will be provided and installed by Tenant at Tenant’s cost.
Base Building fire alarm system shall have sufficient capacity for Tenant to tie in,
provided that Tenant’s demand is reasonably within requirements of comparable office
space. |
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ii. |
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Extinguisher cabinets installed at each stairwell (or as otherwise required by
code for an unoccupied floor). |
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iii. |
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Exit signs at all stairwells. |
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iv. |
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Smoke detectors, fire extinguishers, fire horns, electric door releases,
speakers, cameras and any other life safety equipment required by code for an
unoccupied floor. |
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v. |
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Emergency lighting installed in each stairwell. |
e. |
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Interior face of exterior walls will be taped, floated and sanded gypsum board on metal studs
to be finished by the tenant. |
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f. |
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Mechanical equipment rooms shall be provided and completed. |
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g. |
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Toilet room materials and finishes will consist of: counter tops; framed mirrors; ceramic
tile floors and painted gypsum board walls; metal toilet partitions; recessed toilet
accessories; and a lay-in ceiling system with grid. |
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h. |
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Floor Slab Design Load Capacities as per original specifications of the buildings construction
(refer to base building architectural drawings). |
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i. |
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Building standard blinds to be provided and installed by Tenant. |
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j. |
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Typical multi-tenant floor corridor materials and finishes will include: gypsum board on
corridor side with vinyl wall covering; two-foot by two-foot acoustical lay-in ceiling tile
with exposed metal grid; and building standard carpet. |
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k. |
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Service Core |
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i. |
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Stairways |
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ii. |
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Electrical, telephone, and mechanical rooms. |
EXHIBIT
D - Page 1
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iii. |
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Finished men’s and women’s washrooms. |
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iv. |
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Domestic water and drainage. |
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i. |
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Building standard core doors for stairwells, electrical, mechanical, and
telephone rooms and all washrooms. |
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ii. |
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Doors finished and complete with frame, trim, hardware, locking devices,
electric door releases and closers (where applicable). |
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i. |
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Curtain wall installed and sealed. |
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ii. |
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Exterior windows installed and sealed. |
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iii. |
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Insulation from slab-to-slab installed and sealed. |
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iv. |
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Core walls and elevator lobby walls installed, sheet rocked, taped,
sanded, patched, filled, dusted, and ready to be finished by tenant. |
n. |
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Sleeves in core telephone rooms for telephone access. |
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o. |
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HVAC |
The equipment to furnish central heat and air conditioning shall meet specifications
designed to maintain during Building Operation Hours a minimum of 72°F dry bulb ±2° in the
winter when the outdoor temperature is not lower than 10°F dry bulb and a maximum of 78°F
dry bulb ±2° in the summer when the outdoor temperature is not higher than 93°F dry bulb.
Exhibit D
- Page 2
EXHIBIT E
TENANT IMPROVEMENTS
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1. |
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The following provisions shall apply to all Tenant Improvements (the “Tenant’s
Work”): |
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(a) |
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Tenant’s Work shall be completed by Tenant in accordance with a
space plan and Tenant’s Working Drawings which have been approved by Landlord,
which approval shall not unreasonably be withheld. In construction of Tenant’s
Work, Tenant shall comply with the terms of Landlord’s construction manual.
Landlord shall have no responsibility for construction of any Tenant’s Work. |
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(b) |
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The architects, engineers and contractors selected by Tenant to
perform Tenant’s Work shall be subject to the reasonable approval of Landlord
which approval shall be provided within ten (10) business days after
submission. Tenant’s contractor shall perform Tenant’s Work in a first-class,
workmanlike manner, using only good commercial grades of materials, in
accordance with this Lease and the plans and specifications approved hereunder,
Landlord’s insurance requirements and with all applicable governmental laws,
ordinances, codes, rules and regulations, and Tenant’s Work shall be subject to
Landlord’s reasonable administrative supervision. Tenant’s Work shall not
commence until Tenant’s contractor has delivered to Landlord a copy of the
building permit issued for the Tenant’s Work and evidence of insurance, both of
which are satisfactory to Landlord in all respects. Upon completion of
Tenant’s Work, Tenant shall deliver to Landlord evidence of payment,
contractors’ affidavits and sworn statements, full and final waivers of lien
from contractors and subcontractors for labor, services and materials and all
other documents reasonably required by Landlord, together with record drawings,
in both electronic and paper form, reflecting as built conditions of the Leased
Premises. |
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(c) |
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Tenant shall indemnify, defend by counsel reasonably acceptable
to Landlord and hold harmless Landlord, Landlord’s beneficiaries, the managing
agent of the Project and their respective agents, partners, members and
employees and the Project of, from and against any and all liabilities, losses,
costs, charges, claims, damages, liens, fees and expenses, including, without
limitation, reasonable attorneys’ fees and expenses, relating to the Tenant’s
Work. Landlord shall permit Tenant’s contractor to have reasonable access to
the Leased Premises (other than the Building 10 Sixth Floor Premises which
shall be available upon delivery of such space) immediately upon execution of
this Lease and submission to Landlord of appropriate insurance certifications
for purposes of constructing Tenant’s Work, provided that Tenant and Tenant’s
contractor shall abide by the rules of the site applicable to all contractors,
shall coordinate and schedule their access to the Leased Premises for labor and
materials delivery through the managing agent of the Project and shall not
interfere with or delay the work of any other contractor working in connection
with the Project. |
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(d) |
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Any entry to the Project, the Building or the Leased Premises
by or on behalf of Tenant or Tenant’s contractor shall be under and subject to
all of the terms and provisions of this Lease. To the extent not prohibited by
law, all entry to the Project, the Building or the Leased Premises by or on
behalf of Tenant or Tenant’s contractor shall be solely at the risk of Tenant
and Tenant’s contractor, and Landlord, Landlord’s beneficiaries, the managing
agent of the Project and their respective agents, partners and employees shall
not be liable in any way, and Tenant hereby waives and releases them from any
liability, for any injury or damage to or theft, robbery, pilferage, loss or
loss of the use of any property of Tenant, Tenant’s contractor or any other
person or entity or any of the Tenant’s Work in or about the Leased Premises or
the Project which occurs during such |
Exhibit E - Page 1
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period; provided, however, Landlord, Landlord’s beneficiaries, the managing
agent of the Project and their respective agents, partners, members and
employees shall be liable, and Tenant does not waive or release them from
liability, for their respective gross negligence or willful misconduct which
occurs during such period and causes any injury to or death of any person.
The foregoing waiver and release of claim shall be in addition to and shall
not limit or be limited by any other releases or waivers of claims in this
Lease. |
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2. |
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Except as provided in Paragraph 3 below, Tenant shall pay the cost of all the
Tenant’s Work, including without limitation the cost of all items necessary or
desirable to complete the Tenant’s Work, such as the fees and expenses arising out of
the preparation of Tenant’s Plans and Specifications, the fees and expenses of Tenant’s
contractor. |
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3. |
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To the extent reasonably required by Tenant during the construction of Tenant’s
Work, Tenant shall be permitted to undertake the following provided same: (i) are in
accordance with all laws, (ii) are in a location determined by Landlord at its sole
discretion, which designated location may be changed by Landlord at any time, and (iii)
are only in place for a reasonable period of time as necessary to facilitate the
Tenant’s Work: |
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(A)park a portable construction building or trailer in the location
designated by Landlord; and |
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(B) park a storage container or semi trailer in the location designated by
Landlord for purposes of temporarily storing building materials or FF&E
which will be incorporated into the Leased Premises. |
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Notwithstanding the foregoing, Tenant agrees that (i) at no time shall there be more
than two (2) semi trailers on the designated location, (ii) all trailers shall be
maintained in a neat and orderly manner, (iii) the trailers shall not affect other
tenants in the Project, and (iv) if the trailers are powered, Tenant shall be solely
responsible for all costs of utilities and connections associated therewith. |
II. |
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MINIMUM INFORMATION REQUIRED FOR THE SPACE PLAN |
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The space plan for Tenant’s Work shall include drawings, plans and specifications prepared
by Tenant’s architect showing the intended design, character and finishes of the Leased
Premises, including partitions and door locations, all in sufficient detail to enable the
Working Drawings to be prepared. |
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III. |
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MINIMUM INFORMATION REQUIRED OF INITIAL WORKING DRAWINGS |
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Floor Plans Indicating (to the extent relevant to scope of Tenant’s Work): |
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1. |
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Location and type of all partitions. |
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2. |
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Location and types of all doors — indicate hardware and provide keying
schedule. |
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3. |
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Location and type of glass partitions, windows and doors — indicate framing if
not part of Base Building Shell Condition. |
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4. |
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Location of telephone equipment room accompanied by an approval of the
telephone company if required. |
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5. |
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Indicate critical dimensions necessary for construction, such as millwork,
special partitions, etc. |
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6. |
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Location of all electrical items — outlets, switches, telephone outlets. |
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7. |
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Location and type of all non-building electrical items, including lighting. |
Exhibit E - Page 2
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8. |
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Location and type of equipment that will require special electrical
requirements. Provide manufacturers’ specifications for use and operation. |
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9. |
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Location, weight per square foot and description of any exceptionally heavy
equipment or filing system exceeding 50 psf live load except in areas designed
specifically for special Tenant loads. |
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10. |
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Requirement for special air conditioning or ventilation. |
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11. |
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Type and locations of all finishes. |
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12. |
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Location and type of plumbing equipment and services. |
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13. |
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Location and type of kitchen equipment and services. |
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14. |
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Location of all HVAC controls, fire alarm, security and life safety equipment. |
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15. |
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Location and type of all graphics and signage. |
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16. |
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Location of all Tenant fixtures, furniture and equipment (“FF&E”). |
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17. |
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Location and size of any floor openings required. Also include structural
loading data for vaults, vault walls, slab depressions, special stairs, elevators, file
rooms, libraries, etc. |
Details Showing:
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1. |
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All millwork with dimensions and dimensions of all equipment to be built-in. |
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2. |
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Corridor entrance. |
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3. |
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Bracing or support of special walls, glass partitions, etc., if desired. If
not included with the Initial space plan, the Building architect will design, at
Tenant’s expense, all support or bracing required. |
Exhibit E - Page 3
EXHIBIT F
OPERATING EXPENSES EXCLUSIONS
Notwithstanding anything to the contrary contained in the Lease, Operating Expenses shall not
include any of the following:
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A. |
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repairs or other work occasioned by fire, windstorm or other casualty, the
costs of which are reimbursed to Landlord by insurers or by governmental authorities in
eminent domain or by others; |
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B. |
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leasing commissions, broker fees, legal fees, space planning fees, costs and
disbursements and other expenses incurred in connection with negotiations or disputes
with tenants, other occupants, or prospective tenants of the Buildings; |
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C. |
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costs incurred in renovating or otherwise improving or decorating or
redecorating space for tenants or other occupants in the Buildings or vacant tenant
space in the Buildings (including without limitation any allowances or inducements made
to any tenants or other occupants); |
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D. |
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costs of correcting defects in the construction of the Buildings (including
latent defects in the Buildings) or in the Buildings equipment except that for the
purposes of this subparagraph, maintenance and repair (including painting of common
areas, replacement of carpet in elevator lobbies and the like, even though capital for
accounting purposes) and ordinary wear and tear and use shall not be deemed defects; |
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E. |
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Landlord’s costs of electricity and other utilities and services furnished to
tenants for which Landlord is entitled to be reimbursed by tenants (whether or not
actually collected by Landlord) as a separate additional charge; |
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F. |
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costs incurred by Landlord for alterations and replacements which are
considered capital expenditures under generally accepted cash basis accounting
principles, consistently applied, except as otherwise expressly provided in Section
2.4(b) of the Lease; |
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G. |
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amortization (except as set forth in Section 2.4(b) of the Lease) and
depreciation; |
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H. |
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expenses in connection with services or other benefits of a type which are not
building standard but which are provided to another tenant or occupant; |
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I. |
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costs incurred due to the violation by Landlord or any tenant of any applicable
legal requirement, building code, regulation or law existing as of the Commencement
Date or costs incurred due to the Project being in violation of any such legal
requirement, building code, regulation or law existing as of the Commencement Date or
costs incurred due to acts of any tenant causing an increase in the rate of insurance
on the Project or its contents as a result of any use other than office use; |
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J. |
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overhead and profit increment paid to subsidiaries or affiliates of Landlord or
its partners for services on or to the Project, to the extent that the costs of such
services exceed competitive costs for such services rendered by persons or entities of
similar skill, competence and experience; |
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K. |
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principal and interest on any debt or rental under any ground or underlying
leases or lease affecting the Project or any part thereof (other than payments which
would have been incurred if Landlord were the fee owner, such as taxes and insurance); |
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L. |
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any compensation paid to clerks, attendants, maintenance workers or other
persons in commercial concessions operated by Landlord; |
Exhibit F - Page 1
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M. |
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costs incurred in installing, operating and maintaining any specialty facility
such as an observatory, broadcasting facility (other than the Buildings’ music system
and life support and security system), luncheon club, athletic or recreational club,
except for the express benefit of the tenants; |
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N. |
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any costs and expenses relating to any off site parking facility; |
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O. |
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any expenses relating to replacements of the foundation, exterior or interior
structural walls, or roof of the Building; |
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P. |
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Financing and refinancing costs; |
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Q. |
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Advertising and promotional expenditures for marketing space in the Project; |
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R. |
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Remediation and other costs required by breach of environmental laws that exist
on the Commencement Date; |
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S. |
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Landlord’s general corporate overhead and general administrative expenses; |
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T. |
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Tax penalties incurred as a result of Landlord’s failure to make payments
and/or to file any tax or informational returns when due; |
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U. |
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Costs arising from the negligence or fault of other tenants or Landlord or its
agents, or any vendors, contractors, or providers of materials or services selected,
hired or engaged by Landlord or its agents including without limitation, the selection
of Building materials; |
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V. |
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Costs arising from Landlord’s charitable or political contributions; |
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W. |
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Costs associated with the operation of the business of the partnership or
entity which constitutes Landlord as the same are distinguished from the costs of
operation of the Buildings. |
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X. |
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Any “above-standard” cleaning, including, but not limited to construction
cleanup or special cleanings associated with parties/events and specific tenant
requirements in excess of service provided to Tenant, including related trash
collection, removal, hauling and dumping; |
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Y. |
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Reserves for bad debts or for future improvements, repairs, additions, etc.;
and |
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Z. |
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Any other costs that would not be considered as operating costs in accordance
with industry standards, except as otherwise specifically provided in Section 2.4(b). |
It is understood that Operating Expenses shall be reduced by all cash discounts, trade
discounts, quantity discounts, rebates or other amounts received by Landlord or Landlord’s
managing agent in the purchase of any goods, utilities, or services in connection with the
operation of the Buildings and Project.
In the event any facilities, services or utilities used in connection with the Buildings are
provided from another building owned or operated by Landlord or vice versa, the costs
incurred by Landlord in connection therewith shall be allocated to Operating Expenses by
Landlord on a reasonably equitable basis.
Exhibit F - Page 2
EXHIBIT G
BUILDING RULES AND REGULATIONS
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PURPOSE: |
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The purpose of these Rules and Regulations is to provide each business within the
Project with a quality of environment and visual appeal consistent with the high standards of
a “Class A” office building in the Airport/West Dade submarket of Miami. |
Parking of automotive trucks and other vehicles shall be restricted to areas designated for such
purpose by Landlord.
Landlord reserves the right to remove by towing any vehicle which may be obstructing any door or
driveway, is improperly parked, obstructing other parked vehicles or is parked in a restricted
area. All towing expenses shall be paid by the vehicle owner.
Each vehicle owner shall be responsible for any damage caused by the operation or parking of such
vehicle which causes damages to Landlord’s property.
Parking after normal business hours shall conform and comply with all laws, ordinances and
regulations of any agency or any regulatory authority.
Tenant shall not make any repairs to nor maintain its vehicles, including, without limitation,
washing and waxing, within the Project.
The foregoing rules regarding parking shall be subject to the terms and conditions set forth in
Section I, paragraph 3 of Exhibit E attached hereto.
Tenant shall not store any materials, supplies, equipment, etc., outside the Leased Premises.
Storage in trailers, whether attached to or detached from a driving unit is prohibited (except as
is usual and customary for loading and unloading such trailers). Parking of any vehicle within the
Project for more than five continuous days is prohibited.
With respect to waste other than customary office waste generated by Tenant, Tenant shall furnish
its own sealable waste and refuse containers which must be located at all times within the area
designated by Landlord. No other containers are permitted on site. Enclosures provided by
Landlord and container lids shall remain closed at all times when not actively in use. Tenant is
responsible for maintaining the assigned waste and refuse areas free and clean of all litter,
obnoxious odors, insects, rodents, etc. Any medical waste produced by Tenant or its employees,
licensees, invitees, etc. shall be disposed of in accordance with all applicable guidelines. Any
activity or expense incurred by Landlord in cleaning, maintaining, or otherwise preserving the
concept of a clean environment shall be reimbursed to Landlord by Tenant plus fifteen percent (15%)
for Landlord’s overhead and expenses and shall constitute Rental.
Tenant shall comply with Landlord’s recycling program for the Building, or in the absence thereof,
Tenant shall institute and maintain a recycling program for its waste in compliance with all
applicable laws and requirements of any governmental agency or department having jurisdiction over
the Leased Premises.
Painting or affixing signs on any part of the outside of the Leased Premises, the Building, the
Parking Areas, windows or doors is prohibited. Free standing signs are not permitted outside of
the Leased Premises. No sign,
Exhibit G - Page 1
advertisement, notice or other lettering shall be exhibited, inscribed, painted or affixed by
Tenant on the inside of the Leased Premises if the same can be seen from outside of the Leased
Premises without the prior written consent of Landlord (which consent may be withheld by Landlord
in its sole discretion), and then only of such color, size, character, style and material and in
such places as shall be approved and designated by Landlord. In the event of a violation of the
foregoing by Tenant, Landlord may remove same without any liability and may charge the expense
incurred by such removal to Tenant. Signs at entrances to the Leased Premises shall be placed
thereon by a contractor designated by Landlord and shall be paid for by Tenant.
E. |
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TRADE FIXTURES AND SECURITY SYSTEMS: |
The installation of any trade fixtures or security systems shall be subject to the prior written
approval of Landlord. which shall not be unreasonably withheld. Tenant shall remain liable for the
cost of removing all such fixtures and systems upon the expiration or earlier termination of the
Lease, as well as the cost of curing any and all damages to the Leased Premises caused by the
installation of such fixtures and systems.
Tenant shall not be permitted to alter, move, maintain or disturb any part of the landscaping or
other improvements located on or adjacent to the Building, the common areas or the Project.
In addition to the Rules and Regulations hereinabove set forth, Tenant shall comply with the
following:
1. Tenant, its officers, agents, servants and employees shall not block or obstruct any of the
entries, passages, doors, hallways or stairways of the Building or the Parking Areas, or place,
empty or throw any rubbish, litter, trash or material of any nature into such areas, or permit such
areas to be used at any time except for the ingress or egress of Tenant, its officers, agents,
servants, employees, patrons, licensees, customers, visitors or invitees.
2. The movement of furniture, equipment, machines, merchandise or materials within, into or
out of the Leased Premises, the Building or the Parking Areas shall be restricted to time, method
and routing of movement as determined by Landlord upon request from Tenant and Tenant shall assume
all liability and risk to property, the Leased Premises, the Building and the Project in such
movement. Tenant shall not move furniture, machines, equipment, merchandise or materials within,
into or out of the Building, the Leased Premises or the Parking Areas without having first obtained
a written permit from Landlord at least twenty-four (24) hours in advance. Safes, large files,
electronic data processing equipment and other heavy equipment or machines shall be moved into the
Leased Premises, the Building, or the Parking Areas only with Landlord’s prior written consent and
shall be placed where directed by Landlord.
3. Landlord will not be responsible for lost or stolen personal property, equipment, money or
any article taken from the Leased Premises, the Building or the Parking Areas regardless of how or
when such loss occurs.
4. Tenant, its officers, agents, servants and employees shall not install or operate any
refrigerating, heating or air conditioning apparatus without Landlord’s prior written approval not
to be unreasonably withheld, or bring into the Leased Premises, the Building or the Parking Areas
any inflammable fluids or explosives without written permission of Landlord.
5. Tenant, its officers, agents, servants or employees shall not use the Leased Premises, the
Building or the Parking Areas for housing, lodging or sleeping purposes or, except for the
cafeteria on the ground floor of Building 10, for the cooking or preparation of food without the
prior written consent of Landlord except for the heating of food in microwaves and toaster ovens in
the kitchen areas within the Leased Premises.
6. Tenant, its officers, agents, servants, employees, patrons, licensees, customers, visitors
or invitees shall not bring into the Parking Areas, the Building or the Leased Premises, or keep on
the Leased Premises any fish,
Exhibit G - Page 2
fowl, reptile, insect or animal, or any bicycle or other vehicle without the prior written
consent of Landlord, wheelchairs and baby carriages excepted.
7. No additional locks shall be placed on any door in the Building without the prior written
consent of Landlord. Landlord will furnish two (2) keys to each lock on doors in the Leased
Premises. Landlord may at all times keep a pass key to the Leased Premises. All keys shall be
returned to Landlord promptly upon the expiration or earlier termination of the Lease.
8. Except for permitted Alterations and as provided in the Lease, Tenant, its officers,
agents, servants, employees, patrons, licensees, customers, visitors or invitees shall do no
painting or decorating in the Leased Premises, or xxxx, paint or cut into, drive nails or screw
into, nor in any way deface any part of the Leased Premises or the Building without the prior
written consent of Landlord. If Tenant desires signal, communication, alarm or other utility or
service connections installed or changed, such work shall be done at the expense of Tenant, with
the prior written approval and under the direction of Landlord.
9. Landlord reserves the right to close the Building at 6:00 p.m. on weekdays (except for
holidays generally recognized by state and federal governments), and at 1:00 p.m. on Saturdays,
subject, however to Tenant’s right to admittance under regulations prescribed by Landlord, and to
require that all persons entering the Building identify themselves and establish their right to
enter or to leave the Building.
10. Tenant, its officers, agents, servants, employees, patrons, licensees, customers, visitors
or invitees shall not permit the operation of any musical or sound-producing instruments or device
which may be heard outside the Leased Premises, the Building or the Parking Areas, or which emanate
electrical waves which will impair radio or television broadcasting, or reception from or in the
Building.
11. Tenant, its officers, agents, servants, employees, patrons, licensees, customers, visitors
or invitees shall, before leaving the Leased Premises unattended, close and lock all doors and shut
off all utilities; damage resulting from failure to do so shall be paid for by Tenant. Tenant,
before the closing of the day and leaving the Leased Premises, and shall see that all doors are
locked.
12. Tenant shall give Landlord prompt notice of all accidents to, or defects in air
conditioning equipment, plumbing, electric facilities, or any part or appurtenance of the Leased
Premises or the Building.
13. The plumbing facilities shall not be used for any purpose other than that for which they
are constructed, and no foreign substance of any kind shall be thrown therein, and the expense of
any breakage, stoppage or damage resulting from a violation of this provision shall be borne by
Tenant.
14. All contractors and/or technicians performing work for Tenant within the Leased Premises,
the Building or Parking Areas shall be referred to Landlord for approval (which shall not
unreasonably be withheld) before performing such work. This shall apply to all work including,
without limitation, installation of telephones, telegraph equipment, electrical devices and
attachments, and all installations affecting floors, walls, windows, doors, ceilings, equipment, or
any other physical feature of the Building, the Leased Premises or Parking Areas. None of this
work shall be done or caused to be done by Tenant without Landlord’s prior written approval.
15. No showcases or other articles shall be put in front of or affixed to any part of the
exterior of the Building, nor placed in the common areas, halls, corridors or vestibules without
the prior written consent of Landlord.
16. No space in the Building or the Parking Areas shall, without the prior written consent of
Landlord, be used for manufacturing, public sales, or for the storage of merchandise, or for the
sale of merchandise, goods or property of any kind, or auction.
17. Canvassing, soliciting and peddling in the Building or the Parking Areas is prohibited and
Tenant shall cooperate to prevent the same.
Exhibit G - Page 3
18. There shall not be used in any space, or in the public halls of the Building, either by
Tenant or by jobbers or others, in the delivery or the receipt of merchandise, any hand trucks
except for those which are equipped with rubber tires.
19. Neither Tenant nor any officer, agent, employee, servant, patron, customer, visitor,
licensee or invitee of Tenant shall go upon the roof of the Building without the prior written
consent of Landlord or Landlord’s designated representative.
20. In the event Tenant must dispose of crates, boxes, etc., which will not fit into office
wastepaper baskets, it will be the responsibility of Tenant to dispose of same in a manner
consistent with the Lease and these Rules and Regulations. In no event shall Tenant set such items
in the public hallways or other areas of the Building, Parking Areas or the Project, excepting
Tenant’s own Premises for disposal.
21. Tenant is cautioned in purchasing furniture and equipment in that the size of same should
be limited to such as will pass through the doors of the Leased Premises. Large pieces should be
made in parts and set up in the Leased Premises. Landlord reserves the right to refuse to allow
any furniture or equipment of any description not complying with the above conditions to be placed
in the Building.
22. Tenant will be responsible for any damage to the Leased Premises, including, without
limitation, carpeting and flooring, as a result of rust or corrosion of file cabinets, roller
chairs, metal objects, or spills of any type of liquid.
23. Tenants employing laborers or others outside of the Building shall not have their
employees paid in the Building or in the Project, but shall arrange to pay their payrolls
elsewhere.
24. If the Leased Premises should become infested with vermin as a result of Tenant’s
operation of the cafeteria or other activities other than general office use, Landlord, at Tenant’s
sole cost and expense, shall cause the Leased Premises to be exterminated at such time and from
time to time, to the satisfaction of Landlord.
25. Tenant shall not install any antenna, aerial wires, satellite dishes, radio or television
equipment, inside or outside of the Building without Landlord’s prior written approval and upon
such terms and conditions as may be specified by Landlord in each and every instance.
26. Tenant shall not make or permit any use of the Leased Premises, the Building or the
Parking Areas which, directly or indirectly, is forbidden by law, ordinance or governmental or
municipal regulation, code or order, or which may be disreputable or dangerous to life, limb or
property.
27. Tenant shall not advertise the business, profession or activities of Tenant in any manner
which violates the letter or spirit of any code of ethics adopted by any recognized association or
organization pertaining thereto, nor shall Tenant use the name of the Building or the Project for
any purpose other than that of the business address of Tenant, or use any picture or likeness of
the Building or the Project, or the name of the Building or the Project on any circular, notice,
advertisement, container or wrapping material other than Tenant’s business address, without
Landlord’s prior written consent thereto.
28. Tenant, its officers, agents, employees, servants, patrons, customers, licensees, invitees
and visitors shall not solicit business in the Building (outside of the Leased Premises), the
Parking Areas, or the Project, nor shall Tenant distribute any handbills or other advertising
matter in automobiles parked in the Parking Areas.
29. Tenant shall not conduct its business and/or control its officers, agents, employees,
servants, patrons, customers, licensees and visitors (but with respect to patrons, customers,
licensees, invitees and visitors only during such time as they are in the Leased Premises) in such
a manner as to create any nuisance, or interfere with, annoy or disturb any other tenant or
Landlord in its operation of the Building, or commit waste, or suffer or permit waste to be
committed in the Leased Premises, the Building, or the Project.
30. Tenant, without the prior written consent of Landlord, shall not install any linoleum or
similar floor covering.
Exhibit G - Page 4
31. Access to the Building, or to the halls, corridors, elevators or stairways to the Leased
Premises may be refused from 1:00 p.m. Saturday until 7:30 a.m. Monday, on holidays generally
recognized by state and federal governments, and during the rest of the week between the hours of
6:00 p.m. and 7:30 a.m., unless the person seeking access has a pass or is properly identified.
Landlord shall in no event be liable for damages for the admission to, or exclusion from, the
Building of any person whom Landlord has the right to exclude hereunder. Tenant’s employees,
agents and visitors shall be permitted to enter and leave the Building whenever appropriate
arrangements have been previously made between Landlord and Tenant with respect thereto. Tenant
shall be responsible for all persons for whom Tenant requests such permission, and Tenant shall be
liable to Landlord for all acts of such persons. Any person whose presence in the Building at any
time shall, in the judgment of Landlord, be prejudicial to the safety, character, reputation and
interest of the Building, or its tenants, may be denied access to the Building, or may be ejected
therefrom. In case of invasion, riot, public excitement or other commotion, Landlord may prevent
all access to the Building during the continuance of same, by closing the doors or otherwise, for
the safety of the tenants of the Building, and for the protection of property in the Building.
Landlord may require any person leaving the Building with any package or other object to exhibit a
pass from Tenant.
32. Tenant acknowledges that Landlord has designated the Building as a “non-smoking” building,
and Tenant, its officers, agents, employees, servants, patrons, customers, licensees and visitors
shall at all times refrain from smoking in the Building except for those areas of the Building, if
any, specifically designated by Landlord as “smoking” areas.
33. Tenant shall comply with all indoor air quality standards and requirements pertaining to
the Building and the Leased Premises, including those regulations promulgated by OSHA, as same may
be amended from time to time.
34. As to the cafeteria, the utilities should be separately metered.
H. |
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SPECIAL RULES AND REGULATIONS FOR FOOD SERVICES AREAS (INCLUDING CAFETERIA). |
1. Tenant will at its expense: (i) keep the inside and outside of all glass in the doors and
windows of the food services areas (the “Premises”) clean; (ii) keep all exterior store surfaces of
the Premises clean; (iii) replace promptly any cracked or broken glass of the Premises with glass
of like grade and quality; (iv) maintain the Premises in a clean, orderly and sanitary condition
and free of insects, rodents, vermin and other pests, including cleaning, repairing or replacing as
needed all floor covering within the public areas of the Premises; (v) keep any garbage, trash,
rubbish or other refuse in rat-proof containers within the interior of the Premises until removed;
(vi) have such garbage, trash, rubbish and refuse removed on a daily basis; (vii) keep all
mechanical apparatus free of vibration and noise which may be transmitted beyond the Premises;
(viii) comply with all laws, ordinances, rules and regulations of governmental authorities and all
recommendations of Landlord’s fire insurance rating organization now or hereafter in effect; (ix)
comply with and observe all rules and regulations established by Landlord from time to time; and
(x) conduct its business in all respects in a dignified manner consistent with other food service
areas in Comparable Buildings.
2. Tenant shall perform or cause to be performed, at its own cost and expense, all janitorial
services in the Premises necessary to keep the Premises in good, sanitary and clean order and
condition. Such janitorial services shall be performed by Tenant’s employees in a manner
equivalent to the janitorial services performed in all other Class A buildings. Landlord reserves
the right to monitor the performance of such janitorial service and if Landlord, in its reasonable
judgment, determines that such service is being inadequately performed, then Landlord shall give
Tenant written notice thereof, stating with reasonable specificity the instances or examples of
such inadequate performance.
3. Tenant shall handle exhaust in a manner approved by Landlord to prevent odors and to
prevent any disturbance to other tenants in the Project.
4. Tenant shall furnish (at its sole expense) its own trash compactor to dispose of trash
which must be located at all times within the area designated by Landlord. Tenant shall remove all
trash, garbage and debris in the Buildings prior to the end of the Business Operating Hours.
Exhibit G - Page 5
5. Tenant shall promptly “bus” any tables and/or other furnishings in the Premises, thereby
removing any plates, glasses, food, trash and other debris and litter remaining on any tables and
wiping clean any spills or other litter from the Premises or on or under any of the furniture
promptly following the departure of any customer or patron of Tenant or other person using any of
the facilities.
6. Tenant will not place or suffer to be placed or maintained on the exterior of the Premises
or in any part of the Building any sign, advertising matter or any other thing of any kind, and
will not place or maintain any decoration, letter or advertising matter on the glass of any window
or door of the Premises or interior sign visible from outside the Premises without first obtaining
Landlord’s prior written approval, which approval shall not be unreasonably withheld. Tenant will,
at is sole cost and expense, maintain such sign, decoration, lettering, advertising matter or other
thing as may be permitted hereunder in good condition and repair at all times. Accordingly,
Tenant, subject to strikes, acts of Gods, and other events beyond its control, covenants and agrees
with Landlord as follows:
(i) Tenant shall apply for and maintain all licenses and permits required in the operation of
its facilities in the Premises and do all other things necessary to comply with all laws and
ordinances relating to its operation.
(ii) No auction, fire, distress, or bankruptcy sale may be conducted within the Premises
without the express written consent of the Landlord.
(iii) Tenant shall receive and deliver goods and merchandise only in the manner at such times,
and in such areas, as may be designated by Landlord, in its reasonable discretion, and in this
connection Tenant specifically agrees, (A) to use Tenant’s best efforts to complete or cause to be
completed, all deliveries, loading, unloading and services to the Premises prior to ten o’clock
a.m. (10:00 a.m.) each day and (B) to abide by such further reasonable regulations as Landlord
shall implement to regulate the activities of tenants of the Building with respect to deliveries to
and servicing of premises occupied by such tenants.
(iv) Tenant shall not display or sell merchandise or allow carts, devices, or any other
objects to be stored or to remain outside the defined exterior walls and permanent doorways or
store front of the Premises.
(v) Tenant acknowledges and agrees that the sale of alcoholic beverages is strictly
prohibited.
Exhibit G - Page 6
EXHIBIT H
LETTER OF CREDIT FORM
[BANK LETTERHEAD]
[Date]
Xxxxx REIT Airport Corporate Center LLC
0000 Xxxx Xxx Xxxxxxxxx, Xxxxx 0000
Xxxxxxx, Xxxxx 00000
Re: Irrevocable Clean Letter of Credit
Gentlemen:
By order of our client,
(“ ”),
we hereby open our clean irrevocable Letter of
Credit No. in your favor for
an amount not to exceed in the aggregate
$ U.S. Dollars effective
immediately.
Funds under this credit are available to you against your sight draft drawn on us mentioning
thereon our Credit No. .
This Letter of Credit shall expire twelve (12) months from the date hereof; provided, however,
that it is a condition of this Letter of Credit that it shall be deemed automatically extended,
from time to time, without amendment, except with respect to the maximum amount of this Letter of
Credit as expressly provided herein, for one (1) year from the expiry date hereof and from each and
every future expiry date, unless at least sixty (60) days prior to any expiry date we shall notify
you (and a copy of any such notice shall also be sent to Xxxxx Interests Limited Partnership, Xxxx
Xxxxxxx Xxxxx, Xxxxxxx, Xxxxxxx 00000, Attention: Xxxxxxx Xxxxxxxx, Project Officer and Xxxxx
Interests Limited Partnership, 0000 Xxxxxxxxx Xxxxxx Xxxxx, Xxxxx 000, Xxxxx, Xxxxxxx 00000,
Attention: Xxxxxxx Cortabarria, Asset Manager) by registered mail, that we elect not to consider
this Letter of Credit renewed for any such additional period, in which event, unless a substitute
Letter of Credit in conformity with the provisions hereof is delivered to you within fifteen (15)
days following your receipt of our notice of non-renewal, you may, at any time thereafter, upon
presentation of a sight draft accompanied by a certificate purportedly signed by an officer of your
company stating “a replacement letter of credit has not been delivered” draw on the entire amount
of this Letter of Credit. The final expiry date hereof shall be no earlier than , 20___
[thirty (30) days following the last day of the Term]. The maximum amount of this Letter of Credit
shall be as provided on Schedule A attached to and made a part of this Letter of Credit.
This Letter of Credit is transferable and may be transferred one or more times. However, no
transfer shall be effective unless advice of such transfer is received by us in the form attached,
signed by you, with signature guaranteed by a commercial bank or member firm of a national stock
exchange.
We hereby agree with you that all drafts drawn or negotiated in compliance with the terms of
this Letter of Credit will be duly and promptly honored upon presentment and delivery of your draft
to our office at accompanied by a certificate
purportedly signed by an officer of your company confirming that you are entitled to draw the
amount represented by the sight draft pursuant to the Lease between you and
, if negotiated on or prior to the expiry date as the same may
from time to time be extended.
Exhibit H - Page 1
Except as otherwise specified herein, this Letter of Credit is subject to the Uniform Customs
and Practice for Documentary Credits (1993) Revision, International Chamber of Commerce Publication
No. 500.
Very truly yours,
[Name of Bank]
By:
Exhibit H - Page 2
Schedule A to Exhibit H
Maximum Amount of Letter of Credit
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(Date of Issuance – January 31, 2010) |
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[**] [Confidential Treatment] |
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(February 1, 2010 – January 31, 2011) |
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[**] [Confidential Treatment] |
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(February 1, 2011 – January 31, 2012) |
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[**] [Confidential Treatment] |
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(February 1, 2012 – January 31, 2013) |
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[**] [Confidential Treatment] |
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(February 1, 2013 – January 31, 2014) |
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[**] [Confidential Treatment] |
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(February 1, 2014 – February 28, 2019) |
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[**] [Confidential Treatment] |
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Schedule A to Exhibit H
EXHIBIT I
BASE RENTAL
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Base Rent |
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Rentable |
Year |
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(Per Annum Rate per RSF) |
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Square Feet |
1 |
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[**] [Confidential Treatment] |
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208,737 |
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2 |
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[**] [Confidential Treatment] |
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208,737 |
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3 |
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[**] [Confidential Treatment] |
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208,737 |
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4 |
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[**] [Confidential Treatment] |
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208,737 |
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5 |
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[**] [Confidential Treatment] |
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208,737 |
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6 |
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[**] [Confidential Treatment] |
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208,737 |
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7 |
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[**] [Confidential Treatment] |
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208,737 |
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8 |
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[**] [Confidential Treatment] |
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208,737 |
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9 |
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[**] [Confidential Treatment] |
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208,737 |
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10 |
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[**] [Confidential Treatment] |
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208,737 |
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11 |
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[**] [Confidential Treatment] |
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208,737 |
|
12 |
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[**] [Confidential Treatment] |
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208,737 |
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13* |
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[**] [Confidential Treatment] |
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208,737 |
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Notes:
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(a)
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Each “Year” is a calendar year of 365/6 days. The first year commences upon December 1, 2006 and ends on
November 30, 2007. |
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(b)
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In addition to Base Rent, Tenant shall also be obligated to pay
Additional Rent, including, without limitation, Tenant’s pro rata share of
Operating Expenses. |
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(c)
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Tenant shall be entitled to an abatement of rent pursuant to Section
2.1 of this Lease. |
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*
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This lease year is only a two-month period. |
EXHIBIT J
MARKET TERMS
Market Rent shall be defined as the then fair market rental value of the premises determined in
accordance with the provisions set forth below. The fair market rental value of the premises shall
mean the base rental rate that would be agreed to by a landlord and a comparable tenant for
comparable space, each of whom is willing, but neither of whom is compelled, to enter into a lease
transaction. The fair market rental value shall be projected to the commencement date of the
applicable term, and shall not take into account any existing tenant improvements, but shall take
into account the following factors:
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1. |
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Rental for comparable premises in comparable office buildings in the Airport
West/Doral market (taking into consideration, but not limited to, annual escalations;
definition of net rentable area; quality; age and location of the applicable buildings;
and location and/or floor level within the applicable building); |
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2. |
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The rentable area of the premises being leased; |
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The extent to which the work letter, rent credit, moving allowance or similar
inducement given to Tenant is less than that which would have been given to a
comparable new tenant in a comparable building; and |
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The rights and obligations of Tenant under the Lease. |
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If Landlord and Tenant are unable to agree upon the fair market rental value,
Landlord shall select a commercial real estate broker with at least ten (10) years
experience as a landlord and tenant representative in major leasing transactions in
the Miami-Dade County area, who shall prepare a written determination of the Market
Rent using the assumptions described in this exhibit. Such broker’s determination
of Market Rent shall be determinative unless Tenant disputes it as provided in the
next sentence. If Tenant disputes such determination, Tenant shall deliver to
Landlord written notice (a) that Tenant disputes such determination, and (b) of the
identity of a commercial real estate broker selected by Tenant meeting the same
qualifications as required for Landlord’s broker. The broker selected by Tenant
shall submit his determination of the Market Rent using the assumptions described in
this paragraph. If the two determinations are within five percent (5%) of each
other (based on the higher number), the Market Rent shall be the average of the two.
If not, then the two brokers shall appoint a third commercial real estate broker
meeting the same qualifications as applicable to the other brokers as set forth in
this exhibit. The third broker shall be limited in authority to selecting, in his
opinion, which of the two earlier determinations best reflects the Market Rent under
the assumptions set forth herein. The third broker must choose one of the two
earlier determinations and, upon doing so, the third broker’s determination shall be
the controlling determination of the Market Rent. Each party shall pay the costs
and fees of the broker it selected; if a third broker is selected, each party shall
pay fifty percent (50%) of said third broker’s costs and fees. |
EXHIBIT K
FORM OF SNDA
THIS SUBORDINATION, NON-DISTURBANCE AND ATTORNMENT AGREEMENT (this “Agreement”) is made as of
the 27th day November, 2006, by and between XXXXXX BROTHERS BANK, FSB, having an address at
000 Xxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000 (“Lender”) and NCL (BAHAMAS) LTD., a Bermuda company
having an address at 0000 Xxxxxxxxx Xxxxxx Xxxxx, Xxxxx, Xxxxxxx 00000 (“Tenant”).
RECITALS:
A. Tenant is the holder of a leasehold estate in a portion of the property known as Airport
Corporate Center, located in Miami, Florida, as more particularly described on Schedule A (the
“Property”) under and pursuant to the provisions of a
certain lease dated December 1, 2006 between XXXXX REIT AIRPORT
CORPORATE CENTER LLC, a limited liability company organized under
the laws of the State of Delaware, as landlord (“Landlord”) and Tenant or its predecessor in
interest, as tenant (as amended through the date hereof, the “Lease”);
B. The Property is or is to be encumbered by one or more mortgages, deeds of trust, deeds to
secure debt or similar security agreements (collectively, the “Security Instrument”) from Landlord,
or its successor in interest, in favor of Lender; and
C. Tenant has agreed to subordinate the Lease to the Security Instrument and to the lien
thereof and Lender has agreed to grant non-disturbance to Tenant under the Lease on the terms and
conditions hereinafter set forth.
AGREEMENT:
NOW, THEREFORE, the parties hereto mutually agree as follows:
1. Subordination. The Lease shall be subject and subordinate in all respects to the
lien and terms of the Security Instrument, to any and all advances to be made thereunder and to all
renewals, modifications, consolidations, replacements and extensions thereof.
2. Non-Disturbance. So long as Tenant pays all rents and other charges as specified
in the Lease and is not otherwise in default (beyond applicable notice and cure periods) of any of
its obligations and covenants pursuant to the Lease, Lender agrees for itself and its successors in
interest and for any other person acquiring title to the Property through a foreclosure (an
“Acquiring Party”), that Tenant’s possession of the premises as described in the Lease will not be
disturbed during the term of the Lease, as said term may be extended pursuant to the terms of the
Lease or as said premises may be expanded as specified in the Lease, by reason of a foreclosure.
For purposes of this agreement, a “foreclosure” shall include (but not be limited to) a sheriff’s
or trustee’s sale under the power of sale contained in the Security Instrument, the termination of
any superior lease of the Property and any other transfer of the Landlord’s interest in the
Property under peril of foreclosure, including, without limitation to the generality of the
foregoing, an assignment or sale in lieu of foreclosure.
3. Attornment. Tenant agrees to attorn to, accept and recognize any Acquiring Party
as the landlord under the Lease pursuant to the provisions expressly set forth therein for the then
remaining balance of the term of the Lease, and any extensions thereof as made pursuant to the
Lease. The foregoing provision shall be self-operative and shall not require the execution of
any further instrument or agreement by Tenant as a condition to its effectiveness. Tenant
agrees, however, to execute and deliver, at any time and from time to time, upon the request of the
Lender or any Acquiring Party any reasonable instrument which may be necessary or appropriate to
evidence such attornment.
4. No Liability. Notwithstanding anything to the contrary contained herein or in the
Lease, it is specifically understood and agreed that neither the Lender, any receiver nor any
Acquiring Party shall be:
Exhibit K - Page 1
(a) liable for any act, omission, negligence or default of any prior landlord (other than to
cure defaults of a continuing nature with respect to the maintenance or repair of the demised
premises or the Property); provided, however, that any Acquiring Party shall be liable and
responsible for the performance of all covenants and obligations of landlord under the Lease
accruing from and after the date that it takes title to the Property; or
(b) except as set forth in (a), above, liable for any failure of any prior landlord to
construct any improvements;
(c) subject to any offsets, credits, claims or defenses which Tenant might have against any
prior landlord;
(d) bound by any rent or additional rent which is payable on a monthly basis and which Tenant
might have paid for more than one (1) month in advance to any prior landlord; or
(e) be liable to Tenant hereunder or under the terms of the Lease beyond its interest in the
Property.
Notwithstanding the foregoing, Tenant reserves its rights to any and all claims or causes of
action against such prior landlord for prior losses or damages and against the successor landlord
for all losses or damages arising from and after the date that such successor landlord takes title
to the Property.
5. Rent. Tenant has notice that the Lease and the rents and all other sums due
thereunder have been assigned to Lender as security for the loan secured by the Security
Instrument. In the event Lender notifies Tenant of the occurrence of a default under the Security
Instrument and demands that Tenant pay its rents and all other sums due or to become due under the
Lease directly to Lender, Tenant shall honor such demand and pay its rent and all other sums due
under the Lease directly to Lender or as otherwise authorized in writing by Lender. Landlord
hereby irrevocably authorizes Tenant to make the foregoing payments to Lender upon such notice and
demand.
6. Lender to Receive Notices. Tenant shall notify Lender of any default by Landlord
under the Lease which would entitle Tenant to cancel the Lease, and agrees that, notwithstanding
any provisions of the Lease to the contrary, no notice of cancellation thereof shall be effective
unless Lender shall have received notice of default giving rise to such cancellation and shall have
failed within sixty (60) days after receipt of such notice to cure such default, or if such default
cannot be cured within sixty (60) days, shall have failed within sixty (60) days after receipt of
such notice to commence and thereafter diligently pursue any action necessary to cure such default.
7. NOTICES. All notices or other written communications hereunder shall be deemed to
have been properly given (i) upon delivery, if delivered in person with receipt acknowledged by the
recipient thereof, (ii) one (1) Business Day (hereinafter defined) after having been deposited for
overnight delivery with any reputable overnight courier service, or (iii) three (3) Business Days
after having been deposited in any post office or mail depository regularly maintained by the U.S.
Postal Service and sent by registered or certified mail, postage prepaid, return receipt requested,
addressed to the receiving party at its address set forth above, and:
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If to Tenant, to the attention of: |
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and |
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If to Lender, to the attention of: |
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or addressed as such party may from time to time designate by written notice to the other parties.
For purposes of this Paragraph 7, the term “Business Day” shall mean any day other than Saturday,
Sunday or any other day on which banks are required or authorized to close in New York, New York.
Exhibit K - Page 2
Either party by notice to the other may designate additional or different addresses for
subsequent notices or communications.
8. Successors. The obligations and rights of the parties pursuant to this Agreement
shall bind and inure to the benefit of the successors, assigns, heirs and legal representatives of
the respective parties. In addition, Tenant acknowledges that all references herein to Landlord
shall mean the owner of the landlord’s interest in the Lease, even if said owner shall be different
than the Landlord named in the Recitals.
9. Duplicate Originals; Counterparts. This Agreement may be executed in any number of
duplicate originals and each duplicate original shall be deemed to be an original. This Agreement
may be executed in several counterparts, each of which counterparts shall be deemed an original
instrument and all of which together shall constitute a single Agreement. The failure of any party
hereto to execute this Agreement, or any counterpart hereof, shall not relieve the other
signatories from their obligations hereunder.
[Signature pages follow]
Exhibit K - Page 3
IN WITNESS WHEREOF, Lender and Tenant have duly executed this Agreement as of the date first
above written.
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LENDER: |
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XXXXXX BROTHERS BANK, FSB, |
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a federal stock savings bank |
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By: |
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Print Name
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Name: |
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Title: |
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Print Name |
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STATE OF
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) SS:
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COUNTY OF
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The
foregoing instrument was acknowledged before me this ___ day of , 2006, by
, the of Xxxxxx Brothers Bank, FSB, a federal stock
savings bank, on behalf of the bank, who is personally known to me or has produced a
driver’s license as identification.
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Notary Public |
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Type, Print or Stamp Name |
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My Commission Expires: |
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Exhibit K - Page 4
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TENANT: |
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NCL (BAHAMAS) LTD. D/B/A NORWEGIAN |
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CRUISE LINE, |
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A Bermuda Company |
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/s/
Xxxxx Xxxxxxx
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By: |
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/s/ Xxxxx Xxxxxx |
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Print Name
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Xxxxx Xxxxxxx |
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Name: |
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Xxxxx Xxxxxx |
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President & CEO |
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/s/
Xxxxxx Xxxxxxx |
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Xxxxxx Xxxxxxx |
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STATE OF
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COUNTY OF
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The
foregoing instrument was acknowledged before me this
27th day of November, 2005, by
Xxxxx Xxxxx, the President & CEO of NCL (Bahamas) Ltd, a
Bermuda Company, on behalf of the Company, who is personally known
to me.
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/s/ Xxxxxx Xxxxxxxxx |
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Notary Public |
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Xxxxxx Xxxxxxxxx |
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Type, Print or Stamp Name |
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My Commission Expires: |
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Feb. 16, 2010
Commission
#DD 519729
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Exhibit K - Page 5
The undersigned accepts and agrees to the provisions of Paragraph 5 hereof.
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LANDLORD: |
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XXXXX REIT AIRPORT CORPORATE CENTER LLC, |
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a Delaware limited partnership, its sole member |
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By: |
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Xxxxx Real Estate Investment Trust, |
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Inc., a Maryland corporation, |
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its general partner |
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/s/ Xxxxx Xxxxxxxxx
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By: |
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/s/ Xxxxxxx X. Xxxxx |
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Print Name
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Xxxxx Xxxxxxxxx |
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Name: |
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Xxxxxxx X. Xxxxx |
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Title: |
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President |
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/s/ Xxxx X. Xxxxxx |
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Xxxx X. Xxxxxx |
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STATE OF
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COUNTY OF
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The
foregoing instrument was acknowledged before me this 21 day of Nov., 2006, by Xxxxxxx X. Xxxxx, the President of Xxxxx Real Estate Investment Trust, Inc., a
Maryland corporation, the general partner of Xxxxx Reit Airport Corporate Center LLC, a Delaware
limited partnership, the sole member, on behalf of the corporation and the limited partnership, who
is personally known to me or has produced a driver’s license as identification.
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/s/ Xxxxxxx Xxxxxxx |
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Notary Public |
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Xxxxxxx Xxxxxxx |
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My Commission Expires: 7/19/08 |
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Exhibit K - Page 6
SCHEDULE A
PROPERTY DESCRIPTION
PARCEL 1:
Xxxx 0, 0 xxx 0, xx Xxxxx 1, and Xxx 0, xx Xxxxx 0, XXXXXXX XXXXXXXXX CENTER, according to the
Plat thereof, recorded in Plat Book 130, at Page 51, of the Public Records of Miami-Dade County,
Florida.
PARCEL 2:
Xxx 0, Xxxxx 0, XXXXXXX XXXXXXXXX CENTER, according to the Plat thereof, recorded in Plat Book
130, at Page 51, of the Public Records of Miami-Dade County, Florida.
PARCEL 2-A:
Together with a non-exclusive easement for vehicular and pedestrian ingress and egress over
and across the West 12 feet of Xxx 0, Xxxxx 0, XXXXXXX XXXXXXXXX XXXXXX, Xxxx Book 130, Page 51,
created pursuant to that certain Declaration of Restrictive Covenants in Lieu of Unity of Title,
Easement and Operating Agreement dated December 31, 1986, filed January 2, 1987, in Official
Records Book 13134, page 1105, of the Public Records of Miami-Dade County, Florida.
PARCEL 3:
Xxx 0, Xxxxx 0, XXXXXXX XXXXXXXXX CENTER, according to the Plat thereof, recorded in Plat Book
130, at Page 51, of the Public Records of Miami-Dade County, Florida.
PARCEL 3-A:
The non-exclusive easement reserved in instrument filed January 2, 1987, in Official Records
Book 13134, page 1105, for ingress and egress over the East 12 feet of Xxx 0, Xxxxx 0, XXXXXXX
XXXXXXXXX CENTER, according to the Plat thereof, recorded in Plat Book 130, at Page 51, of the
Public Records of Miami-Dade County, Florida, for the benefit of Xxx 0, Xxxxx 0, XXXXXXX XXXXXXXXX
CENTER, according to the Plat thereof, recorded in Plat Book 130, at Page 51, of the Public Records
of Miami-Dade County, Florida.
PARCEL 4:
Tract “B-2”, of ACC-WEST REPLAT, according to the Plat thereof, recorded in Plat Book 146, at
Page 29, of the Public Records of Miami-Dade County, Florida.
PARCEL 4-A:
TOGETHER WITH that certain Driveway Easement created pursuant to Driveway Easement Agreement
dated September 5, 1996, filed September 11, 1996, in Official Records Book 17348, at Page 3797.
PARCEL 4-B:
TOGETHER WITH Reciprocal Easement for Ingress and Egress created pursuant to Road Easement and
Drainage Easement dated January 30, 1992, filed February 11, 1992, in Official Records Book 15382,
page 2352.
PARCEL 4-C:
Together with a non-exclusive right, privilege and easement for access over and across the
driveway only, legally described and depicted as set forth in Exhibit “C” of that certain Access
Easement Agreement filed
Schedule A to Exhibit K — Page 1
February 11, 1992, in Official Records Book 15382, page 2371, as amended
by Amendment to Access Easement Agreement filed June 19, 1996, in Official Records Book 17245, page
1450.
PARCEL 5:
Tract “A”, of ACC-WEST, according to the Plat thereof, recorded in Plat Book 144, at Page 29,
Public Records of Miami-Dade County, Florida.
PARCEL 5-A:
Together with that certain Driveway Easement created pursuant to Driveway Easement Agreement
dated September 5, 1996, filed September 11, 1996, in Official Records Book 17348, page 3797.
PARCEL 5-B:
TOGETHER WITH that certain Road Easement and Drainage Easement created pursuant to Road
Easement and Drainage Easement Agreement dated January 30, 1992, filed February 11, 1992, in
Official Records Book 15382, at Page 2352.
PARCEL 6:
Tract B-1, of ACC-WEST REPLAT, according to the Plat thereof, recorded in Plat Book 146, at
Page 29, Public Records of Miami-Dade County, Florida.
PARCEL 6-A:
Together with a non-exclusive right, privilege and easement for access over and across the
driveway only, legally described and depicted as set forth in Exhibit “C” of that certain Access
Easement Agreement filed February 11, 1992, in Official Records Book 15382, page 2371, as amended
by Amendment to Access Easement Agreement filed June 19, 1996, in Official Records Book 17245, page
1450.
Schedule A to Exhibit K — Page 2
EXHIBIT L
SATELLITE DISH AGREEMENT
THIS SATELLITE DISH AGREEMENT made and entered into this day of
, 2006 (the
“Effective Date”) by and between XXXXX REIT AIRPORT CORPORATE CENTER LLC (hereinafter referred to
as the “Landlord”) and NCL (BAHAMAS) LTD. D/B/A NORWEGIAN CRUISE LINE (hereinafter referred to as
“Tenant”)
WITNESSETH:
WHEREAS, Landlord and Tenant are parties, in such respective capacities, under that certain
Office Lease Agreement dated
December 1, 2006 (the
“Lease”) for office space on the
floor the (“Leased Premises”) of the office building located at
Corporate Center
Drive, Miami, Florida (hereinafter referred to as the “Building”).
WHEREAS, Tenant has requested that Landlord allow the installation of certain satellite dishes
on or about the Building and the Landlord is agreeable to entering into this instrument, whereby a
license relative thereto would be granted but only on the terms and conditions hereinafter set
forth.
NOW THEREFORE, for and in consideration of the sum of TEN AND NO/100 ($10.00) DOLLARS and
other good and valuable consideration, the adequacy, receipt and sufficiency of which are hereby
acknowledged by Landlord and Tenant, Landlord and Tenant hereby agree as follows:
1. License for Satellite Dishes.
(a) Subject to the terms hereof, the Landlord hereby grants to the Tenant (and Tenant hereby
accepts) a revocable license (the “License”) to install four Satellite Dishes (as defined below)
and Facilities (also defined below) as such installation is described herein, and to maintain,
operate and repair same and, at the conclusion of the License, to remove same from the Building,
all to be at the Tenant’s sole cost and expense. Tenant agrees to pay, relative to the License, a
monthly license fee of $ NONE plus sales tax due thereon, which shall be due and
payable at the same time and in the same manner as the Base Rental is due and payable under the
Lease, and which shall not be subject to any counterclaim, set off or deduction by Tenant. The
monthly license fee shall constitute Additional Rental under the Lease and shall be subject to
increase on an annual basis in Landlord’s reasonable discretion.
(b) The term of the License shall be coterminous with the term of the Lease, so that unless
earlier terminated as provided hereunder, the License will terminate automatically and without need
of any further writing, upon the expiration or earlier termination of the Lease.
(c) The “Satellite Dishes” consists of satellite receiving and transmitting dish antennae, as
specified in Schedule 1 attached to and made a part hereof. The Landlord shall determine
the location of the Satellite Dishes, and the location of the Facilities, all in its sole
discretion. The plans and specifications for installation of the Satellite Dishes and the
Facilities, including, among other things, the proposed mounting method, the location and point of
entry to the Building, and the cable route, conduits and type information, shall in every instance
be subject to the Landlord’s prior written approval, in its reasonable discretion. The Satellite
Dishes shall include a non-penetrating building mount. The point of entry of the cable that is part
of the Satellite Dishes shall be at such point as the Landlord shall determine in its reasonable
judgment.
The Tenant hereby acknowledges and agrees that the Satellite Dishes (including all components
thereof) and the Facilities are the property of the Tenant. Provided however that at the
expiration or earlier termination of the Lease or the License, of the Satellite Dishes or any
portion thereof of any of the Facilities are not removed from the Property by or at the direction
of the Tenant within ten (10) days following said expiration or termination, same shall be deemed
abandoned by the Tenant and, at the Landlord’s option, may be claimed as the property of the
Exhibit L — Page 1
Landlord, free of all claims of the Tenant. Tenant acknowledges and agrees that the Satellite
Dishes and all components thereof, and all of the Facilities are owned free and clear by the Tenant
and that no liens or encumbrances shall be permitted relative to the Satellite Dishes or any
portion thereof or the Facilities, at any time during the term of the Lease.
(d) The Satellite Dishes and the Facilities shall be installed by the employees, agents or
contractors of the Tenant, only in accordance with plans and specifications that shall have been
previously approved by Landlord. Landlord agrees that it will reasonably cooperate with Tenant in
connection with the installation of the Satellite Dishes and Facilities and the performance of any
work required in connection therewith and the submission of any materials to governmental entities
as may be required for any permits or other approvals necessary with respects thereto; provided,
however, that Tenant shall promptly reimburse Landlord for all costs and expenses incurred by
Landlord in connection with any of the said activities. The Tenant agrees to immediately remove or
cause to be removed, and all mechanic’s lien(s) which are in any way related to the installation,
maintenance, operation, and/or removal of the Satellite Dishes and/or the Facilities, all at
Tenant’s sole cost and expense, within thirty (30) days after any such liens(s) encumber the
Building or any portion thereof.
(e) Upon reasonable prior notice to the Landlord, Landlord will permit Tenant reasonable
access to the approved location of the Satellite Dishes and the Facilities, as needed, to install,
maintain, operate and/or remove the Satellite Dishes and the Facilities.
(f) Landlord may request that Tenant relocate the Satellite Dishes and/or the Facilities.
Tenant will cooperate with Landlord to identify an alternate location on, or about, the Building
which will comply with Landlord’s requirements and applicable governmental requirements and will
provide to the extent reasonably possible, adequate reception for the Satellite Dishes, it being
hereby understood that Landlord makes no warranties or representations as to the adequacy of such
reception or otherwise, hereunder. If Landlord were to make a discretionary request to relocate
the Satellite Dishes or the Facilities, then all expenses incurred in relocating the Satellite
Dishes or the Facilities pursuant to this Paragraph shall be borne by Landlord. If a relocation
request from the Landlord is made as a result of governmental requirements, then Tenant shall bear
all costs of such relocation. Landlord will endeavor to provide Tenant with reasonable access to
such alternate location.
(g) Tenant agrees (and will insure) that the Satellite Dishes, and all related facilities,
equipment, conduits and materials (all, collectively “Facilities”) will be installed in accordance
with all applicable local and building rules of construction and codes. Tenant shall at all times
maintain the Satellite Dishes and the Facilities in good order and repair and Tenant shall be
responsible for any and all costs and expenses incurred in connection with such repairs to the
Satellite Dishes and/or the Facilities, including without limitation, the installed conduits
running from the Satellite Dishes to the Premises, Tenant’s installation, repair, maintenance and
operation of the Satellite Dishes and The Facilities shall be subject to and performed in
accordance with all terms and conditions of the Lease, as well as applicable governmental codes,
laws, rules, regulations and/or ordinances in effect from time to time. Tenant shall be entitled,
in connection with the installation and use of the Satellite Dishes, to run conduits (of a type
approved in writing by the Landlord) from the Satellite Dishes to the Leased Premises, in order to
connect Tenant’s related equipment in the Leased Premises to the Satellite Dishes. Tenant shall be
required to pay the actual cost of any and all electricity, maintenance and operation costs (and
any and all other costs and expenses) required or incurred in connection with the Satellite Dishes
and/or any related Facilities.
(h) If access to the Satellite Dishes or Facilities is impeded or in the event existing
communications equipment within the Building interferes with the Satellite Dishes or Facilities,
Landlord and Tenant agree to identify a new location for the Satellite Dishes and Facilities
satisfactory to Landlord and the Satellite Dishes and Facilities will be relocated thereto. Such
relocation will be at Tenant’s sole cost and expense.
(i) Tenant hereby agrees that it will (and hereby does) indemnify, protect, defend and hold
Landlord harmless from and against any claims, liabilities, judgments, costs or expenses
(including, without limitation, all costs of litigation and attorney’s fees and expenses) arising
out of, or related to property damage or personal injury caused by the Satellite Dishes, the
Facilities and/or any and all activities of Tenant, its employees, agents and/or contractors in
installing, maintaining, operating, servicing and/or removing the Satellite Dishes and/or
Facilities. This subsection (i) shall survive any termination of the License and/or the Lease as
amended hereby.
Exhibit L — Page 2
(j) Tenant agrees not to interfere with the operation of other existing tenant’s business or
with the communications equipment of other existing tenants within the Building. The Satellite
Dishes and Facilities may not be used in any fashion which would cause any inference in the
[Building’s Master Televising Distribution/Receiving System and Electronic Date Processing
Operation] or any other antennae, radio systems or microwave dishes on, adjacent to, at the
Building currently installed.
(k) Should the Tenant ever remove or relocate the Satellite Dishes and/or Facilities, the
Tenant will restore the Building to its condition prior to the placement of the Satellite Dishes
and Facilities on the Building, reasonable wear and tear, however, Tenant shall not be obligated to
remove the Initial Cabling (as such term is define in the Lease). Upon its vacation of the Leased
Premises, or upon termination or expiration of the Lease, Tenant agrees that this paragraph (k)
shall survive. Tenant shall, at its sole cost and expense, remove the Satellite Dishes and
Facilities and restore the Building in accordance with the terms of this paragraph.
(l) Tenant shall be responsible for obtaining all necessary permits and approvals from the FCC
and from all other governmental agencies and/or political subdivisions having jurisdiction over
installation, maintenance, operation, repair, and/or removal of the Satellite Dishes and
Facilities. Copies of all permits and approvals shall be submitted to the Landlord once they are
obtained.
(m) This License shall inure to the benefit of, and be binding upon the parties hereto and
their respective successors and approved assigns. Nothing in this Agreement shall prohibit or
restrict Landlord from assigning its interests under the Lease.
(n) The Landlord makes no representations whatsoever regarding the suitability or adequacy of
the Building or any portion thereof relative to the installation, maintenance, operation repair
and/or removal of the Satellite Dishes or Facilities, Landlord specifically disclaims any and all
warranties, expressed or implied, relative thereto. The Tenant acknowledges and agrees that the
portions of the Building that may be subject to the License, are accepted by the Tenant in an “AS
IS WHERE IS “condition.
(o) This Agreement sets forth the entire agreement between the parties with respect to the
License. There have been no additional oral or written representations or agreements relative
thereto.
2. In case of any inconsistency between the provisions of the Lease and this Agreement, the
terms of the Lease shall govern and control. Under no circumstances shall this Agreement be deemed
to grant any rights to Tenant not specifically provided herein.
3. The parties hereto represent and warrant that each has the authority to enter into this
Agreement and that the signatories hereto are authorized representatives of the Landlord and Tenant
respectively.
Exhibit L — Page 3
IN WITNESS WHEREOF, the parties hereto have executed and sealed this Lease as of the date
aforesaid.
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LANDLORD: |
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XXXXX REIT AIRPORT CORPORATE CENTER LLC, a Delaware limited liability company or its affiliate |
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By: |
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XXXXX REIT PROPERTIES, L.P.,
a Delaware limited partnership
Its Sole Member |
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By: |
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XXXXX REAL ESTATE
INVESTMENT TRUST, INC.,
a Maryland corporation
Its General Partner |
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By: |
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Print Name |
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Xxxxx Apollo Its Chief Accounting Officer |
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Print Name |
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TENANT:
NCL (BAHAMAS) LTD. D/B/A NORWEGIAN CRUISE LINE, a Bermuda company |
Witnesses: |
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By: |
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Print Name
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Name: |
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Title: |
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Print Name |
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Exhibit L — Page 4
SCHEDULE 1
SATELLITE RECEIVING AND TRANSMITTING DISH ANTENNAE
Schedule 1 to Exhibit L
EXHIBIT M
GUARANTY
This Guaranty (“Guaranty”) is
entered into as of the 27th day of November, 2006, by and
between NCL CORPORATION LTD., a Bermuda corporation (the “Guarantor”), for the benefit of XXXXX
REIT AIRPORT CORPORATE CENTER LLC, a Delaware limited liability company (“Landlord”). All
capitalized terms used herein without being defined herein shall have the meaning ascribed to such
terms in the Lease (as hereinafter defined).
W I T N E S S E T H:
RECITALS
Landlord has entered into that certain
Office Lease Agreement (together with all renewals and
extensions thereof and any amendments and modifications thereto, the “Lease”), of even date
herewith, with NCL (BAHAMAS) LTD., a Bermuda company, d/b/a NORWEGIAN CRUISE LINE (“Tenant”).
NOW, THEREFORE, in consideration of the premises and of other valuable consideration and to
induce the Landlord to execute the Lease, Guarantor hereby agrees with the Landlord as follows:
AGREEMENTS
1. Guarantor unconditionally guarantees to Landlord: (a) the full and punctual payment when
due (whether by acceleration or otherwise) of all Rental and court costs, reasonable attorneys’
fees and other costs incurred by Landlord in enforcing the Lease (to the extent permitted by the
Lease) and (b) all other obligations and liabilities of Tenant under the Lease. The obligations
discussed in (a) and (b) above are herein referred to as the “Lease Obligations.” The liability of
the Guarantor hereunder shall be primary and direct. The failure to insist upon strict or timely
performance by Landlord pursuant to the Lease shall not release the Guarantor from Guarantor’s
obligations hereunder. Until all of the Lease Obligations have been fully satisfied and until all
of the terms, covenants, and conditions of this Guaranty are fully performed, the Guarantor shall
not be released by any act or thing which might, but for this provision of this Guaranty, be deemed
a legal or equitable discharge of a surety or by reason of any waiver, extension, modification,
forbearance or delay by any party, or the failure to proceed promptly or otherwise by reason of any
further obligation or agreement between the Landlord and any other party. Following payment of all
sums payable and performance of all obligations by Tenant under the Lease, Guarantor shall be
released from liability hereunder. Although such release shall be automatic and self-operative,
upon Guarantor’s request, Landlord shall execute a termination agreement in form and substance
reasonably acceptable to Guarantor.
2. Guarantor absolutely and unconditionally covenants and agrees that if Tenant does not or is
unable to perform the Lease Obligations for any reason, including, without limitation, liquidation,
dissolution, receivership, insolvency, bankruptcy, assignment for the benefit of creditors,
reorganization, arrangement, composition or readjustment of or other similar proceedings affecting
the status, composition, identity, existence, assets or obligations of the Tenant, Guarantor shall,
following written demand therefor by Landlord, cause prompt performance of the Lease Obligations
pursuant to the Lease and no such occurrence shall in any way affect Guarantor’s obligations
hereunder.
3. Tenant and Landlord may, without the consent of Guarantor and without affecting this
Guaranty, at any time and from time to time: (a) amend any provision of the Lease, including any
change in the provisions affecting the Lease Obligations, (whether increasing or decreasing
Tenant’s responsibility or liability) including change orders or (b) make any agreement with the
Tenant for the extension, payment, compromise, discharge or release of any obligation under the
Lease, or for any modification of the terms of the Lease, without notice to or the consent of the
Guarantor, and the guaranties herein made by the Guarantor shall not be impaired or affected by any
of the foregoing.
Exhibit M — Page 1
4. If Guarantor shall make any payments under this Guaranty, or perform any of the Lease
Obligations pursuant to this Guaranty, Guarantor shall, to the extent of such payments, be
subrogated to the rights and remedies of the Landlord against the Tenant under the Lease; provided,
however, that any such rights of subrogation shall at all times be subordinate to Landlord’s rights
against Tenant under the Lease and Guarantor shall not be entitled to enforce or receive payment
thereof until all sums owing to the Landlord pursuant to the Lease have been paid.
5. Guarantor expressly agrees that the validity of this Guaranty and its obligations hereunder
shall in no way be terminated, affected, or impaired by reason of the assertion by Landlord against
Tenant of any of the rights or remedies reserved to Landlord by the Lease or otherwise at law or in
equity as a result of Tenant’s breach of any of its obligations under the Lease. Guarantor further
covenants and agrees that this Guaranty and the full liability of Guarantor hereunder shall remain
and continue in full force and effect notwithstanding the occurrence of any one (1) or more of the
following events (whether or not Guarantor shall have received any notice or consented to such
transaction): (i) any event described in Section 3 of this Guaranty; (ii) any assignment or
transfer by Landlord permitted under the Lease; (iii) any assignment or transfer by Tenant
permitted under the Lease; (iv) any dissolution or liquidation of Landlord or Landlord; or (v) any
failure or delay by Landlord to exercise any remedy or right as to Landlord or Guarantor; (vi) any
defect or deficiency in the Lease; or (vii) the fact that Tenant may be a party to any merger,
consolidation or reorganization; if Tenant is a disappearing party in any such merger,
consolidation or reorganization, then Guarantor shall nevertheless remain primarily liable for the
performance of the Lease Obligations under the Lease.
6. Guarantor further agrees that as to any right of action which shall accrue to Landlord
under the Lease, Landlord may, at its option (without the need for any notice to Guarantor),
proceed against Tenant alone (without having made any prior demand upon Guarantor or having
commenced any action against Guarantor or having obtained or having attempted to satisfy any
judgment against Guarantor) or proceed against Guarantor and Tenant jointly and severally
or may proceed against Guarantor alone (without having made any prior demand upon Tenant or
having commenced any action against Tenant or having obtained or having attempted to satisfy any
judgment against Tenant). With the exception only of the defense of prior performance by Tenant of
all of the Lease Obligations, all defenses of the law, guaranty, indemnification, suretyship,
including without limitation, substantive defenses and procedural defenses are hereby waived and
released by Guarantor.
7. Without limiting any of the provisions of this Guaranty, Guarantor waives all defenses of a
surety at law or in equity, including, without limitation, any rights of a surety to insist upon a
creditor first exhausting all remedies against the primary obligor of a debt or other collateral
securing the debt.
8. Guarantor hereby represents and warrants the following to Landlord as of the date hereof:
(a) Guarantor and Tenant are companies affiliated by common ownership and this Guaranty may
reasonably be expected to benefit, directly or indirectly, Guarantor.
(b) Guarantor is familiar with, and has independently reviewed the books and records regarding
the financial condition of Tenant; provided, however, Guarantor is not relying on such financial
condition or collateral as an inducement to enter into this Guaranty.
(c) Guarantor has adequate means to obtain from Tenant on a continuing basis information
concerning the financial condition of Tenant and Guarantor is not relying on Landlord to provide
such information to Guarantor either now or in the future.
(d) Guarantor has the power and authority to execute, deliver and perform this Guaranty and
any other agreements executed by Guarantor contemporaneously herewith, and the execution, delivery
and performance of this Guaranty and any other agreements executed by Guarantor contemporaneously
herewith do not and will not violate (i) any agreement or instrument to which Guarantor is a party,
or (ii) any law, rule, regulation or order of any governmental authority to which Guarantor is
subject.
(e) Neither Landlord nor any other party has made any representation, warranty or statement to
Guarantor in order to induce Guarantor to execute this Guaranty.
Exhibit M — Page 2
(f) The financial statements and other financial information regarding Guarantor
heretofore and hereafter delivered to Landlord are and shall be true and correct in all material
respects and fairly present the financial position of Guarantor as of the dates thereof, and no
material adverse change has occurred in the financial condition of Guarantor reflected in the
financial statements and other financial information regarding Guarantor heretofore delivered to
Landlord since the date of the last statement thereof.
(g) As of the date hereof, and after giving effect to this Guaranty and the obligations
evidenced hereby, (i) Guarantor is and will be solvent, (ii) the fair saleable value of Guarantor’s
assets exceeds and will continue to exceed its liabilities (both fixed and contingent), and (iii)
Guarantor is and will continue to be able to pay its debts as they mature.
9. If Landlord or Guarantor initiate any action to enforce its rights under this Guaranty
or the terms hereof, the prevailing party shall be entitled to collect from the other party all
reasonable or customary costs and expenses, including, without limitation, all reasonable
attorneys’ fees at trial and all levels of appeal incurred by the prevailing party in connection
with the administration, enforcement and/or collection of this Guaranty. This covenant shall
survive the termination of the Lease.
10. If any payment by Tenant to Landlord is held to constitute a preference under the
bankruptcy laws and Landlord is required to refund such payment and actually refunds such payment,
such payment by Tenant to Landlord shall not constitute a release of Guarantor from any liability
hereunder, but Guarantor agrees to pay such amount to Landlord upon demand and this Guaranty shall
continue to be effective or shall be reinstated, as the case may be, to the extent of any such
payment or payments.
11. If any or all of the Lease Obligations are now or hereafter secured in whole or in part,
Landlord may, from time to time, at its discretion and with or without valuable consideration,
allow substitution or withdrawal of collateral or release all or any part of such security, without
notice or consent by Guarantor, and without in any way impairing, diminishing, or releasing the
liability of Guarantor hereunder.
12. The rights of Landlord are cumulative and shall not be exhausted by its exercise of any of
its rights hereunder or otherwise against Guarantor or by any number of successive actions until
and unless all Lease Obligations have been satisfied.
13. Failure by Landlord to insist upon strict performance or observance of any of the terms,
provisions, or covenants of the Lease or to exercise any right therein contained shall not be
construed as a waiver or relinquishment of any such term, provision, covenant, or right, but the
same shall continue and remain in full force and effect, unless expressly waived, in writing, by
Landlord.
14. The remedies of Landlord hereunder are limited to those remedies available to Landlord
under the Lease, including those remedies available at law or in equity, together with the costs
and expenses of enforcement hereof as described in Paragraph 9 above, if applicable.
BINDING EFFECT; NOTICE; MISCELLANEOUS
1. This Guaranty is and shall be deemed to be entered into and pursuant to the internal, local
laws of the State of Florida (excluding any conflicts of law provisions) and shall in all respects
be governed, construed, applied and enforced in accordance with the laws of such state.
2. All documents to be delivered and all notices which shall or may be given hereunder shall
be in writing, sent by (a) personal delivery, (b) overnight courier or delivery service with proof
of delivery, (c) United States mail, postage prepaid, return receipt requested, or (d) telecopy
(provided that such telecopy is confirmed by mail in the manner previously described), addressed to
the parties as follows:
Exhibit M - Page 3
If to Guarantor:
NCL Corporation
0000 Xxxxxxx Xxxxxxxxx Xxxxxx Xxxxx
Xxxxx, Xxxxxxx 00000
Attn: Xxxxxx Xxxxxxx
Tel: (000) 000-0000
Fax:
With a copy to:
NCL Corporation
0000 Xxxxxxx Xxxxxxxxx Xxxxxx Xxxxx
Xxxxx, Xxxxxxx 00000
Attn: General Counsel
Tel: (000) 000-0000
Fax: (000) 000-0000
If to Landlord:
Xxxxx REIT Airport Corporate Center LLC or its affiliate
0000 Xxxx Xxx Xxxxxxxxx, Xxxxx 0000
Xxxxxxx, Xxxxx 00000
Attn: Xx. Xxxxxxx Xxxxx
Tel: (000) 000-0000
Fax: (713)—966-2636
Xxxxx Interests Limited Partnership
Xxxx Xxxxxxx Xxxxx
Xxxxxxx, Xxxxxxx 00000
Attn: Xx. Xxxxxxx X. Xxxxxxxx
Tel: (000) 000-0000
Fax: (000) 000-0000
Xxxxx Interests Limited Partnership
0000 Xxxxxxxxx Xxxxxx Xxxxx, Xxxxx 000
Xxxxx, Xxxxxxx 00000
Attn: Property Manager
Tel: (000) 000-0000
Fax: (000) 000-0000
Xxxxx Interests Limited Partnership
00 Xxxx Xxxxxxx, Xxxxx 000
Xxxxxxx, Xxxxxxxx 00000
Attn: Mr. C. Xxxxx Xxxxxxxxx
Tel: (000) 000-0000
Fax: (000) 000-0000
With a copy to:
Xxx Xxxxxxxx XXX
Xxxx Xxxxxxx Xxxxx, 00xx Xxxxx
0000 Xxxxxxxx Xxxxxx
Xxxxx, Xxxxxxx 00000
Attn: Xxxxx X. Xxxxx, Esq.
Tel: (000) 000-0000
Exhibit M - Page 4
Fax: (000) 000-0000
provided, however, that any party may change its address by written notice thereof to the other
party sent in accordance with the provisions hereunder, which change of address shall be effective
ten (10) business days following receipt of such written notice. All such notices shall be deemed
to have been given upon receipt (or refusal of service). All payments shall be given or made upon
such other party by wire transfer or hand delivery at the addresses set forth above or such other
address as hereafter provided by either party to the other party in the manner described above.
3. This Guaranty shall inure to the benefit of the Landlord and its respective successors and
assigns under the Lease and shall be binding upon the successors and assigns of the Guarantor.
4. If any provision of this Guaranty is held by a court of competent jurisdiction to be
illegal, invalid or unenforceable under present or future laws, such provision shall be fully
severable, shall not impair or invalidate the remainder of this Guaranty and the effect thereof
shall be confined to the provision held to be illegal, invalid or unenforceable.
5. No modification or amendment of any provision of this Guaranty, nor consent to any
departure by Guarantor therefrom, shall be effective unless the same shall be in writing and signed
by an officer of Landlord, and then shall be effective only in the specific instance and for the
purpose for which given.
6. The execution and delivery of this Guaranty by Guarantor to Landlord has served as a
material inducement to Landlord to itself execute and deliver the Lease; but for the execution and
delivery of this Guaranty by Guarantor, Landlord would not have executed and delivered the Lease.
[the remainder of this page intentionally left blank]
[signatures appear on next pages]
Exhibit M - Page 5
EXECUTED as of the date first set forth above.
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GUARANTOR: |
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NCL CORPORATION LTD.,
a Bermuda corporation |
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By: |
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/s/ Xxxxx Xxxxxx |
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Name: |
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Xxxxx Xxxxxx
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Title: |
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President & CEO
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Exhibit M - Page 6
EXHIBIT N
JANITORIAL / CLEANING
SCOPE OF SERVICES
OFFICE AREAS & RETAIL SUITES
Services performed nightly:
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Empty and clean (when necessary) all waste receptacles. Transport waste to the
loading dock via the freight elevator. Replace all liners nightly. Adhere to
recycling program as specified by the Property Manager |
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Hand dust or wipe clean with damp or treated cloth all horizontal surfaces,
desks, chairs, files etc. Do not rearrange materials on desks. |
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Clean and sanitize drinking fountains, follow with stainless steel cleaner as
needed taking care not to leave any oily residue. |
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Spot clean all windows and partition glass. |
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Vacuum all carpet areas. Broom sweep all area rugs. (Do not pull vacuum cords
around corners.) Edges should be either swept or vacuumed with appropriate edge
cleaning tool, as required. |
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Remove all finger marks and smudges from all vertical surfaces taking care not
to mar material finishes. |
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Dust mop and spot clean all tiled areas. |
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Damp wash and wipe dry all plastic or formica desk tops. |
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Sweep internal stairways and vacuum, if carpeted. Dust handrails and vertical surfaces. |
Services performed as necessary or in the frequency as stated:
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Damp mop floors where spillage occurred or dirt tracked in. |
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Spot clean carpet areas. |
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Dust light fixtures — no less than annually. |
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Vacuum/dust all perimeter slot diffusers on an annual basis. |
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Clean all air vent grills. |
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Wash windowsills. |
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Dust fire extinguishers/fire extinguisher cabinets. |
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Dust all doors. |
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Spot clean door frames. |
Exhibit N - Page 1
RESTROOMS
Services performed nightly:
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Empty and clean (when necessary) all waste receptacles transport waste paper
and rubbish to the loading dock. Replace all liners nightly. |
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Wash and disinfect all basins, urinals and bowls using nonabrasive cleaners to
remove stains and clean undersides of rim on urinals and bowls. Wash both sides of
toilet seats. |
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Clean all mirrors, bright work and enameled surfaces. |
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Damp wipe all partitions, tile walls, doors and outside surfaces of all
dispensers and receptacles. Damp wipe all lavatory tops and remove water spots from
wall surfaces next to dispensers/receptacles. Spot clean around light fixtures. |
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Clean flushometers, piping and other metal. Do not leave an oily finish. |
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Fill toilet tissue, soap, towel and sanitary napkin dispensers. Do not place
any extra supplies on top of dispenser or counter top. Do not install adjacent rolls
of toilet paper in opposite direction. |
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Sweep, wet mop and thoroughly rinse floor. Clean all corners and edges to
prevent dirt buildup. Do not leave standing water on the floor. Dump at least one
gallon of water down restroom floor drain and wipe clean drain grill. |
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Spot clean door frames as necessary. |
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Clean and sanitize mouths of all trashcans and sanitary dispensers. |
Services performed as necessary or in the frequency stated:
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Scrub all floors at least monthly...intent is to prevent buildup of dirt in grout. |
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Thoroughly wash all partitions at least monthly. |
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Dust all walls at least quarterly. |
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Wash all walls at least annually. |
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Clean light fixtures at least annually. |
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Clean air vent grills and louvers at least quarterly. |
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Clean soap dispensers. |
It is the intention to keep the restrooms thoroughly clean and not to use a disinfectant or
deodorant to kill odor. Disinfectants must be odorless. Use of abrasive cleaners or
products that may damage any surface are not permitted.
ELEVATORS
Services performed nightly:
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Spot clean walls taking care not to damage any special surfaces. |
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Dust or damp wipe metal finishes and return panels. |
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Clean and polish all thresholds. |
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Clean edges and vacuum carpet floors. |
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Tiles surfaces: sweep & damp mop. Do not use excessive water. |
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Spot clean hall side of doors, frame and hall call stations. |
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Service elevators — sweep and damp mop floors. |
Services performed, as necessary:
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Dust ceiling. |
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Wash hall side of doors and frame. |
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Dust woodwork. |
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Clean/wash/shampoo mats. |
LOBBY
Exhibit N - Page 2
Services performed nightly:
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Damp mop tile surfaces. Do not use excessive water. |
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Clean all edges and corners. |
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Clean glass doors. |
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Clean and polish all transoms, metal doors, door frames, etc. |
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Dust fixtures, furnishings and other horizontal surfaces. |
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Clean pay phones. |
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Spot clean fingerprints off directory board. Dust interior panels. |
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Clean surfaces of security console. |
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Spot clean all walls. |
Services performed as necessary or in the frequency stated:
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Dust or wash wall surfaces as appropriate. |
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Dust woodwork. |
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Clean all air diffusers/grills. |
COMMON AREAS (including back retail hallway, smoking lounge and mailroom)
Services performed nightly:
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Sweep/vacuum/damp mop as indicated by type of flooring.
— Spot clean carpet |
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Spot clean walls |
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Remove any clearly marked trash and debris |
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Clean and sanitize drinking fountains, follow with stainless steel cleaner, as
needed, taking care not to leave any oily residue. |
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Spray wipe exterior finish of elevator call fixtures.
— Mailroom |
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Remove fingerprints and smudges from mailboxes, overnight
delivery drop boxes, countertops, signs etc. |
Services performed as necessary or in the frequency stated:
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Dust all suite entrance doors, apply oil to wood doors no less than annually. |
BUILDING STAIRWAYS AND LANDINGS
Services performed as necessary or in the frequency as stated:
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Police for trash.
— Sweep/spot mop no less than weekly. |
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Spray clean handrails. |
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Dust light fixtures — not less than quarterly. |
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Remove fingerprints and smudges from doors and door frames. |
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Clean/wash transoms high and low. |
Exhibit N - Page 3
FREIGHT ELEVATOR VESTIBULES
Services performed nightly:
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Sweep and damp mop nightly. |
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Clean/wash transoms high and low. |
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Clean prints and marks from doors. |
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Spray wipe exterior finish of elevator call fixtures. |
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Spot clean walls. |
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Clean elevator entrance frames. |
JANITORIAL STAGING AREAS
Services performed as necessary or in the frequency stated:
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Maintain all janitorial areas in a clean, neat and orderly condition at all times. |
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Maintain office and staging area in same fashion as tenant office areas |
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Keep all paper supplies on pallets. |
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Utilize shelving for chemicals. |
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Re-stage brooms, mops and other equipment on a wall hanger at the end of a shift. |
LOADING DOCK
Services performed nightly:
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Place all trash and debris in compactor. |
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Sweep dock area. Spot clean spills. Damp mop dock area weekly. |
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Clean and polish ash urn — replace sand as necessary. |
SIDEWALKS
Service performed nightly:
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Police for trash — all areas including planting beds and along curb. |
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Straighten furniture. |
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Remove gum |
ALLAREAS
Upon completion of nightly duties, the floor supervisors will insure that all areas have
been cleaned and left in a neat and orderly condition, all lights have been turned off, and
all areas properly secured. Supervisors will be responsible for completing a Nightly
Supervisor Checklist which details any problems encountered during the course of cleaning
either the tenant space of public areas.
Landlord shall contract for pest extermination services as provided to Comparable Buildings
but if such services are required as a result of Tenant’s failure to comply with the
Building Rules and Regulations, as these may be modified from time to time, or result from
Tenant’s food service operations, Tenant shall be responsible for all costs incurred in
connection therewith.
Exhibit N - Page 4
DAY STAFF RESPONSIBILITIES WILL INCLUDE BUT ARE NOT LIMITED TO:
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Re-stock men’s and women’s restrooms twice daily. Wipe down and clean all
lavatory tops and fixtures. Patrol restrooms, removing paper/trash on floor. Report
problems to Property Management Office. |
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Remove all smudges and fingerprints from metal surfaces of interior cab. |
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Constantly survey the lobby, common areas and sidewalk to insure cleanliness.
Clean up spills. Spot mop as required. Remove fingerprints from door glass and metal
surfaces at least three (3) times daily. Clean trash from tree grates and planters. |
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Clean exterior entrance glass and entrance doors at least three (3) times
daily. |
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Patrol loading dock hallway, loading dock area, mailroom, and other backstage
areas for trash at least two (2) times daily. |
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Perform all special cleaning needs of individual tenants as authorized by the
Property Manager. |
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Perform all specific duties as detailed in the job description and any others
as requested from time to time by the property management staff. |
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Maintain paper supply inventory for submittal to Property Manager.
- Patrol smoking areas for trash. Empty ash urns. Vacuum as necessary throughout the day. |
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Keep parking signage, monument signage and exterior lights through the office
park wiped down as needed. |
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Keep compactor(s) clean and free of standing trash. Call for trash and
compactor pick-up as necessary. |
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Note: |
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Janitorial specifications are subject to change from time to time but any changes will not
result in services below that of Comparable Buildings. |
Exhibit N - Page 5
FIRST AMENDMENT
TO AIRPORT CORPORATE CENTER OFFICE LEASE
THIS FIRST AMENDMENT TO AIRPORT CORPORATE CENTER LEASE AGREEMENT (“First Amendment”) in made
on the 27th day of November, 2006, by and between XXXXX REIT AIRPORT CORPORATE CENTER
LLC, a Delaware limited Liability company (“Landlord”), and NCL (BAHAMAS) LTD., a Bermuda company D/B/A NORWEGIAN CRUISE
LINE (”Tenant”).
A. Landlord and Tenant entered into that certain Airport Corporate Center
Office
Lease Agreement dated December 1, 2006 (the “Lease”), under which Tenant lease 208,737
Rentable Square Feet (the “Existing Premises” consisting of (A) 125, 000 Xxxxxxxx
Xxxxxx Feet in the building known as 0000 Xxxxxxxxx Xxxxxx Xxxxx
(X.X. 00
xx Xxxxxx), Xxxxx, Xxxxxxx (“Building 11”), and (B) 82,931 Rentable
Square Feet in the building known as 0000 Xxxxxxxxx Xxxxxx Xxxxx (X.X. 00
xx
Xxxxxx, Xxxxx, Xxxxxxx (“Building 10”).
B. Landlord and Tenant desire to enter into this First Amendment for the
purposes of modifying the terms of the Lease and for the other purposes set forth
herein.
TERMS
NOW THEREFORW, for Ten Dollars ($10.00) and for covenants and conditions of this First
Amendment, the receipt and sufficiency of which are acknowledged, Landlord and Tenant agree as
follows:
1. Recitals. The foregoing recitals are correct and are incorporated herein by
this reference.
2. Terms. All capitalized terms herein but not defined shall have the meaning
ascribed to them in the Lease.
3. Xxxxxxxx 00 Xxxxx Xxxxx Premises. The Existing Premises include the space
designated as Suite 301 containing 2,321 rentable square feet, and located on the
third (3rd) floor of Building 10 (the “Xxxxxxxx 00 Xxxxx Xxxxx Premises”).
Xxx Xxxxxxxx 00 Xxxxx Xxxxx Premises are currently leased by another tenant (the
“Existing Tenant”) under a lease that expires on March 31, 2007 (the “Existing Lease
Expiration Date”). Tenant is currently subleasing and occupying the Xxxxxxxx 00 Xxxxx
Xxxxx Premises. Landlord is engaged in negotiations with the Existing Tenant to
terminate such lease with respect to Xxxxxxxx 00 Xxxxx Xxxxx Premises simultaneously
with Tenant’s termination of the sublease. If, however, the Existing Tenant does
not terminate the Xxxxxxxx 00 Xxxxx Xxxxx Premises on or before December 1, 2006,
then the Commencement Date under the lease shall be delayed only with respect to
Xxxxxxxx 00 Xxxxx Xxxxx Premises until such time as the termination or expiration of
the Lease and sublease has occurred.
IN WITNESS WHEREOF, the parties have executed this First Amendment as of the day and year
first written above.
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TENANT: |
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NCL (BAHAMAS) LTD., a Bermuda company D/B/A NORWEGIAN
CRUISE LINE |
Witness: /s/ Xxxxx Xxxxxxx
Print Name: Xxxxx Xxxxxxx |
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By: /s/ Xxxx X. Xxxxxx
Name: Xxxx X. Xxxxxx |
/s/ Xxxxxx Xxxxxxx
Print Name: Xxxxxx Xxxxxxx |
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Title: Executive Vice President & General Counsel |
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LANDLORD: |
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XXXXX REIT AIRPORT CORPORATE CENTER LLC, a Delaware
limited liability company or its affiliate |
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By: XXXXX REIT PROPERTIES, L.P., |
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INVESTMENT TRUST, INC.,
a Maryland corporation
Its Sole Member |
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By: XXXXX REAL ESTATE |
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INVESTMENT TRUST, INC.,
Its General Partner |
Witness: /s/ Xxxxx Xxxxxxxxx
Print Name: Xxxxx Xxxxxxxxx |
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By: /s/ Xxxxx Apollo
Name: Xxxxx Apollo
Its: Chief Accounting Officer |
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/s/ Xxxx Xxxxxx
Print Name: Xxxx Xxxxxx |
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