Second Amendment to Lease
EXHIBIT
10.17(c)
Second Amendment to Lease
This Second Amendment to Lease (this “Amendment”) dated April 15, 2005
is executed by and between Syufy Enterprises, L.P., a California limited partnership
(“Landlord”), and Century Theatres, Inc., a California corporation (“Tenant”).
Witnesseth:
Whereas, Landlord and Century Theatres of California, Inc., a California
corporation, entered into a lease dated September 30, 1995, as amended by that certain First
Amendment to Lease, dated September 1, 2000 between Landlord and Century Theatres, Inc., a Delaware
corporation (as amended, the “Lease”), for a motion picture building and related parking (the
“Premises”) located at 00000 Xxxxxxx Xxxx., Xxxxx Xxxxxxxxx, Xxxxxxxxxx; capitalized terms used but
not defined herein shall have the meanings set forth in the Lease; and
Whereas, Century Theatres, Inc., a Delaware corporation (“Century Theatres (DE)”), succeeded
Century Theatres of California, Inc., as Tenant; and
Whereas, Century Theatres (DE) assumed all obligations of Century Theatres of
California, Inc., as set forth in the Lease; and
Whereas, Century Theatres, Inc., a California corporation, has succeeded
Century Theatres (DE), as Tenant; and
Whereas, Century Theatres, Inc., a California corporation, has assumed all
obligations of Century Theatres (DE), as set forth in the Lease; and
Whereas, the parties desire now to amend the Lease to revise and clarify
certain obligations between the parties, as hereinafter provided;
Now, Therefore, the parties hereto mutually agree that the Lease shall be amended as
follows:
A. Landlord’s Right to Develop
1. The second sentence of Section 2.01(a) of the Lease is hereby deleted in its
entirety and replaced with the following:
Tenant expressly agrees that Landlord shall have the right, but shall have no
obligation, to demolish, renovate, remodel, reconstruct or otherwise alter or
develop in any manner the Entire Premises or any portion thereof for any and
all uses beyond the Permitted Use (the
“Development”) without Tenant’s
consent; provided, however, that the Development shall not materially
interfere with the Permitted Use or Tenant’s access to the Premises. In
addition to developing some or all of the Entire Premises that are outside of
the Building, Landlord’s Development rights set forth above shall include all
roof-top and other exterior communication and
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advertising rights on or about the Entire Premises, including, without
limitation, the exclusive right to install, locate, maintain, use, replace and
repair satellite dishes and other roof-top communications equipment on the roof
of the Building. In connection with the foregoing, Tenant agrees that Tenant
shall have no right to lease or otherwise allow any third party to access or
use the roof of the Building or any portion of the Premises for any use other
than the Permitted Use.
2. Tenant hereby waives all claims of any nature whatsoever Tenant may now have or may
hereafter have against Landlord relating in any manner to, directly or indirectly, the Development.
Without limiting the generality of the foregoing, Landlord shall not be liable for any damage to
persons or property located in, on or about the Premises resulting from or in connection with the
Development, and Tenant waives and shall defend, indemnify and hold harmless Landlord from any and
all claims asserted by Tenant or Tenant’s officers, agents, employees, contractors, licensees,
invitees or guests arising from damage resulting from or in connection with the Development (except
to the extent such damage is caused by the willful act or gross negligence of Landlord; provided,
however, that Landlord shall not be liable for any consequential damages, including, without
limitation, any claim for loss of profit or business).
B. Surrender
Notwithstanding anything to the contrary in the Lease, upon the expiration or earlier
termination of the Lease and promptly following Tenant’s receipt of a cost estimate thereof from
Landlord, Tenant shall pay to Landlord an amount equal to the cost of demolishing the improvements
located on the Premises and removing all surface debris therefrom to Landlord’s reasonable
satisfaction, as such cost estimate is determined by Landlord in Landlord’s sole and absolute
discretion; provided, however, that Tenant may remove any or all of Tenant’s furniture, fixtures
and equipment (the “FF&E”) from the Premises, so long as such removal occurs within forty-five (45)
days after the Termination Date and Tenant repairs all extraordinary damage caused by such removal.
Except as set forth above, from and after the Termination Date, the parties shall have no further
rights under the Lease nor further obligations with respect to the Premises, except for any rights
or obligations which expressly survive the termination of the Lease in accordance with the
provisions thereof or at law.
C. Miracle Center Parking Association
1. Tenant agrees to pay all costs and expenses associated with, and shall be
responsible, at its sole cost and expense, for overseeing, the Miracle Center Parking
Association
which obligations shall include without limitation the insurance, maintenance and security of
the Miracle Center parking garage, the invoicing of adjacent owners and Miracle Center Parking
Association members for their share of any costs associated with the Miracle Center garage,
and any other bookkeeping and miscellaneous matters necessary and appropriate under the By-Laws
of the Miracle Center Parking Association or in accordance with any other agreements or
encumbrances affecting the Premises and the Miracle Center garage.
2. Tenant hereby waives all claims of any nature whatsoever Tenant may now have
or may hereafter have against Landlord relating in any manner to, directly or indirectly, the
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Miracle Center Parking Association. Without limiting the generality of the foregoing,
Landlord shall not be liable for any damage to persons or property located in, on or about the
Premises resulting from or in connection with the Miracle Center Parking Association, and Tenant
waives and shall defend, indemnify and hold harmless Landlord from any and all claims asserted by
Tenant or Tenant’s officers, agents, employees, contractors, licensees, invitees or guests arising
from damage resulting from or in connection with the Miracle Center Parking Association (except to
the extent such damage is caused by the willful act or gross negligence of Landlord; provided,
however, that Landlord shall not be liable for any consequential damages, including, without
limitation, any claim for loss of profit or business.
D. Miscellaneous
1. This Amendment constitutes the entire understanding of the parties with respect
to the subject matter hereof and all prior agreements, representations, and understandings
between the parties, whether oral or written, are deemed null, all of the foregoing having
been merged into this Amendment.
2. This Amendment to Lease is hereby executed and shall be effective as of the date
first written above. All other conditions of the Lease shall remain in full force and effect.
3. This Amendment shall bind and inure to the benefit of Landlord and Tenant and
their respective legal representatives and successors and assigns.
4. Each party hereby specifically represents and warrants that its execution of this
Amendment has been duly authorized by all necessary corporate or other action, and that this
Amendment when fully signed and delivered shall constitute a binding agreement of such party,
enforceable in accordance with its terms.
5. The parties acknowledge that each party and/or its counsel have reviewed and
revised this Amendment and that no rule of construction to the effect that any ambiguities are
to be resolved against the drafting party shall be employed in the interpretation of this
Amendment or any amendments or exhibits to this Amendment or any document executed and delivered by
either party in connection with this Amendment.
6. This Amendment may be executed in counterparts each of which shall be deemed
an original and all of which taken together shall constitute one and the same agreement.
[Signatures on following page]
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In Witness Whereof, Landlord and Tenant have executed this Amendment to
be effective as of the date first written above.
Syufy Enterprises, L.P.,
|
Century Theatres, Inc., | |||||
a California limited partnership
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a California corporation | |||||
“Landlord”
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“Tenant” | |||||
/s/ Xxxxxxx Xxxxx
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/s/ Xxxxxx Xxxxx | |||||
Xxxxxxx Xxxxx,
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Xxxxxx Xxxxx, | |||||
Chief Executive Officer
|
Chief Executive Officer |
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