AMENDED AND RESTATED LEASE BY AND BETWEEN First Physicians Realty Group, LLC, a Nevada limited liability company (“Landlord”) and RHA Anadarko, LLC, an Oklahoma Limited Liability Company RHA Stroud, LLC, an Oklahoma Limited Liability Company (Jointly...
Exhibit 10.12
AMENDED AND RESTATED LEASE
BY AND BETWEEN
First Physicians Realty Group, LLC, a Nevada limited liability company
(“Landlord”)
and
RHA Anadarko, LLC, an Oklahoma Limited Liability Company
RHA Xxxxxx, LLC, an Oklahoma Limited Liability Company
RHA Xxxxxx, LLC, an Oklahoma Limited Liability Company
(Jointly referred to herein as “Tenant”)
This Lease (“Lease”) is made and entered into this 1st day of April, 2011, between First
Physicians Realty Group, LLC, a Delaware limited liability company (hereafter called “Landlord”)
and RHA Anadarko, LLC, and RHA Xxxxxx, LLC, all Oklahoma limited liability companies (hereafter
jointly referred to as “Tenant”). This Lease will be executed simultaneously with the Stock
Purchase Agreement between the parties.
WITNESSETH:
1. | Demise, Exhibits and Construction of Tenant Improvements. |
1.1 | Landlord does hereby demise and lease to Tenant the land legally described and depicted
on Exhibit A attached hereto and made a part hereof (the “Land”) and the buildings (the
“Buildings”). The Land and the Buildings are collectively herein referred to as the
“Demised Premises”. Landlord hereby leases the Demised Premises to Tenant, and hereby
grants to Tenant its guests, invitees and licensees all Landlord’s easements, rights and
privileges appurtenant thereto, including the right to use all of the parking areas,
driveways, roads, alleys, means of ingress and egress and other portions of the Demised
Premises, all in accordance with the terms, conditions and covenants contained in this
Lease. |
1.2 | Exhibits. The exhibits listed below and attached to this Lease are
incorporated herein by reference: |
EXHIBIT “A” | Legal Description of the Land | |||
EXHIBIT “B” | Base Rent | |||
EXHIBIT “C” | Subordination, Non-Disturbance and Attornment Agreement | |||
EXHIBIT “D” | Commencement Agreement | |||
EXHIBIT “E” | ACH Agreement |
2 | Term and Use. |
2.1 | Term Commencement Date. The Primary Term of this Lease shall begin on the 1st
day of April, 2011 (the “Commencement Date”) and shall end at midnight on the last day of
the twentieth (20th) Lease Year following the Commencement Date (the “Primary
Term”). For purposes of this Lease, a “Lease Year” shall be defined as that twelve (12)
month period during the Primary Term, or any Renewal Term, commencing on the Commencement
Date or the annual anniversary thereof, as may be applicable; provided, however, that if
the Commencement Date is a day other than the first day of a calendar month, then the first
Lease Year shall include that period of time from the Commencement Date up to the first day
of the next calendar month, and any subsequent Lease Year shall be the twelve (12) month
period beginning on the annual anniversary thereof. For purposes of this Lease, a “Lease
Month” shall be defined as those successive calendar month periods beginning with the
Commencement Date and continuing through the Primary Term or any Renewal Term of this
Lease; provided, however, if the Commencement Date is a day other than the first day of a
calendar month, then the first Lease Month shall include that period of time from the
Commencement Date up to the
first day of the next calendar month, and each subsequent Lease Month shall be a calendar
month period beginning on the first day of such month. |
2.2 | Renewal Term. Unless Tenant gives Landlord notice that it does not elect to
extend the term of this Lease not later than one hundred eighty (180) days prior to
expiration of the Primary Term or the then-current Renewal Term, as applicable, this Lease
shall automatically extend for an additional term of ten (10) years on the same terms and
conditions as provided herein except that the Base Rent (as hereinafter defined) for any
such Renewal Term shall be as shown on Exhibit B hereto. Any reference in this Lease to
“Term” shall refer to the Primary Term and any such Renewal Term. |
2.3 | Commencement Agreement. Within ten (10) days of the Commencement Date,
Landlord and Tenant shall enter into a supplemental agreement specifying the actual date
for the expiration of the Primary Term in accordance with the form attached hereto as
Exhibit D. |
2.4 | Use. The Demised Premises may be used and occupied by Tenant for the following
purposes: inpatient and outpatient hospital facilities for the operations of a licensed
hospital and related healthcare practices, and any other use allowed by the zoning on said
Land. Tenant agrees not to permit any illegal practice to be carried on or committed on
the Demised Premises. Notwithstanding, the parties acknowledge that Tenant may attempt
obtain federally qualified health center status for the facilities to be operated at the
Demised Premises. The Tenant must obtain the prior written consent of the Landlord to any
such change of status. If the Landlord consents to such change in status, the parties
agree to negotiate in good faith any necessary modifications or amendments to any
provisions of this Lease that may be affected by such conversion. |
3 | Rent. |
3.1 | Base Rent. Commencing on the Commencement Date (the “Rent Commencement Date”),
Tenant shall pay to Landlord for the use and occupancy of the Demised Premises, minimum
monthly base rent in the amounts specified on Exhibit B hereto “Base Rent”. The Monthly
Base Rent shall be paid in advance and shall be due on or before the first day of each
calendar month during the Term. In the event the Commencement Date falls on a date other
than the first day of a month then the Monthly Base Rent for such first month shall be
prorated accordingly. Base Rent is herein collectively referred to as “Rent”. |
3.2 | Payment of Rent. Upon execution of this Lease Tenant shall execute an
automatic wire transfer agreement, in the form attached as Exhibit E, authorizing Landlord
to withdraw funds for the payment of the Rent. |
4 | Taxes. In addition to the Rent provided for herein, Tenant agrees to reimburse
Landlord as follows: |
4.1 | Liability For Taxes. Tenant shall be responsible for all real and personal
property taxes, general assessments, special assessments, license fees, and any other
public charges (hereinafter “Real Estate Taxes”), subject to any exemptions that may apply
based upon the status of the facilities operated by Tenant at the Demised Premises, which
may be levied, imposed, or assessed upon or against the Demised Premises by any lawful
authority for each calendar year or portion thereof, during the Primary Term or any Renewal
Term, commencing on the Commencement Date. The term “Real Estate Taxes” and “Personal
Property Taxes” as used herein shall mean only those installments of Real
Estate Taxes which are assessed for a period during the Term of this Lease. Said Real
Estate Taxes and Personal Property Taxes are to be prorated for any partial Lease Year
occurring during the period in which the public authority assesses Real Estate Taxes. |
4.2 | Payment of Taxes. Upon receipt by Landlord of any xxxx for such Real Estate
Taxes and or Personal Property Taxes attributed to any calendar year during the Term
hereof, Landlord shall furnish Tenant with a written statement of the actual amount of such
Real Estate Taxes or Personal Property Taxes together with a copy of such bills, and Tenant
shall pay such amount due and provide Landlord with written evidence of such payment within
thirty (30) days of such statement, but in no event later than the date said Real Estate
Taxes and or Personal Property Taxes are due the taxing authority. Landlord’s and Tenant’s
obligations under this Section shall survive the expiration of the Term of this Lease. |
4.3 | Contest Of Tax Valuation. Landlord shall promptly send to Tenant copies of all
assessment valuations and revaluations received from the taxing authority. Tenant may,
upon the receipt of prior written approval of Landlord, such approval not to be
unreasonably withheld, contest any Real Estate Taxes or Personal Property Taxes against the
Demised Premises and attempt to obtain a reduction in the assessed valuation of the Demised
Premises for the purpose of reducing any such tax assessment. In the event Landlord
approves and upon the request of Tenant, but without expense or liability to Landlord,
Landlord shall cooperate with Tenant and execute any document which may be reasonably
necessary and proper for any proceeding related to obtaining such a reduction. In the
event Landlord desires to contest any Real Estate Taxes or Personal Property Taxes, Tenant
agrees to cooperate with Landlord and execute any document which may be reasonably
necessary and proper for any such proceeding at no cost to Tenant. |
4.4 | Liens For Taxes. Tenant shall take all reasonable actions necessary to ensure
that a lien does not attach to the Demised Premises for any Real Estate Taxes or Personal
Property Taxes, or if one does attach by operation of law, that such lien shall be promptly
extinguished before such time as the taxing authority benefiting by such lien may enforce
it against the Demised Premises. Tenant shall indemnify and hold harmless Landlord, its
successors and assigns from any and all claims, damages, fines, judgments, penalties,
costs, liabilities or losses (including attorney’s fees) arising from or resulting from the
attachment of any such lien against the Demised Premises. |
5 | Landlord Warranties and Covenants. In addition to the other warranties,
representations and covenants of Landlord in this Lease, Landlord warrants, represents and
covenants to Tenant as follows: |
5.1 | That the Building and all of the Permitted Uses are and as of the Commencement Date
shall be in compliance with all applicable zoning and land use laws. |
5.2 | That as of the Commencement Date, or earlier, Landlord shall be the fee simple owner
and record title holder of the surface of the Demised Premises. |
5.3 | That Landlord has not received any notice and does not have any knowledge of any
eminent domain or similar proceeding, which would affect all or any portion of the Land or
the Demised Premises. |
5.4 | That Landlord has the full right, power and authority to make this Lease. |
5.5 | That Tenant, or any permitted assignee or sublessee of Tenant, upon the payment of the
Rent and other required payments under this Lease and performance of the covenants
hereunder, shall and may peaceably and quietly have, hold and enjoy the Demised Premises and
improvements thereon during the Term or any renewal or extension thereof, pursuant to the
provisions hereof. |
6 | Landlord’s Repairs and Maintenance. Except as otherwise set forth in this Lease,
Landlord and Tenant agree that Landlord shall have no obligations with respect to repairs and
maintenance of the Demised Premises whatsoever. |
7 | Environmental Matters. |
7.1 | Landlord represents and warrants that there are no hazardous or toxic substances (as
defined by any applicable government authority and hereafter being referred to as
“Hazardous Materials”) located on or within the Land and there shall be none as of
Commencement Date on or within the Land, the Building and the Demised Premises. |
7.2 | Landlord represents and warrants that while the Demised Premises have been owned or
under Landlord’s custody and control, and that any handling, transportation, storage,
treatment or usage of Hazardous Materials that has occurred on the Demised Premises was in
compliance with all applicable federal, state and local laws, regulations and ordinances.
Landlord further represents and warrants that during such period no leak, spill, discharge,
emission or disposal of Hazardous Materials has occurred on the Demised Premises. |
7.3 | Landlord shall deliver to Tenant on or before the Commencement Date a current Phase I
Report satisfactory to Tenant showing that the Land, the Building and Demised Premises are
in full compliance with the warranties set forth in this Section. |
8 | Alterations. Except as expressly provided in this Lease or any Exhibits hereto,
Tenant shall not make any exterior or structural alterations to or additions in any portion of
the Demised Premises, nor any alterations to the storefront or the exterior of the Demised
Premises without, in each instance, first obtaining the written consent of Landlord, which
shall not be unreasonably withheld, delayed or conditioned. All such alterations to or
additions in any portion of the Demised Premises permitted by Landlord under this Section
shall remain upon and be surrendered with the Demised Premises and become the property of
Landlord at the expiration or earlier termination of this Lease, unless Landlord requests
their removal, in which event Tenant shall, at Tenant’s expense, remove the same and restore
the Demised Premises to their original condition existing prior to such alterations or
additions. |
9 | Fixtures And Personal Property. |
9.1 | Landlord’s Property. At the Commencement Date, any trade fixtures, signs,
counters, shelving, and any other and all other personal property installed appurtenant to
or in, or on the Demised Premises, are and at all times shall remain the property of the
Landlord (“Landlord’s Property”), with the exception of the furniture, medical equipment,
business equipment, clinical equipment, and other personal property and equipment that
belongs to the Tenant, and Tenant shall not have or at any time claim any right, title,
lien, security interest or other interest of any kind or nature therein. Landlord agrees
that Tenant shall have the right, at any time or from time to time prior to the expiration
or earlier termination of this Lease, to replace any and all of Landlord’s Property with
prior written
notice and written approval of Landlord. Tenant at its expense shall immediately repair any
damage occasioned by the replacement or removal of Landlord’s Property, and upon expiration
or earlier termination of this Lease, shall leave the Demised Premises in a neat and clean
condition, free of debris, normal wear and tear, casualty loss for which there is insurance
reimbursement payable, repairs for which Landlord is responsible hereunder and any loss due
to condemnation excepted. |
9.2 | Tenant’s Property. Any medical equipment, furniture, clinical equipment,
business equipment, and other personal property in the Demised premises, or installed after
the Commencement Date, are and at all times shall remain the property of the Tenant; and
Landlord shall not have or at any time claim any right, title, lien, security interest or
other interest of any kind or nature therein. Tenant at its expense shall immediately
repair any damage occasioned by the removal of Tenant’s Property, and upon expiration or
earlier termination of this Lease, shall leave the Demised Premises in a neat and clean
condition, free of debris, normal wear and tear, casualty loss for which there is insurance
reimbursement payable, repairs for which Landlord is responsible hereunder and any loss due
to condemnation excepted. |
9.3 | Personal Property Taxes. Subject to any exemptions that may apply based upon
the status of the facilities operated by Tenant at the Demised Premises, Tenant shall pay
before delinquency all taxes, assessments, license fees and public charges levied, assessed
or imposed upon its business operation in the Demised Premises, to include Personal
Property Taxes assessed on Landlord’s Property, as well as upon Tenant’s Property. |
10 | Liens. Neither Landlord nor Tenant shall permit to be created nor to remain
undischarged any lien or encumbrance against the Demised Premises arising out of the work of
any contractor, mechanic, laborer or materialman contracted for by Tenant or Landlord. If any
lien or notice of lien on account of an alleged debt of Tenant or Landlord or any notice of
contract by a party engaged by Landlord or Tenant or Landlord’s or Tenant’s contractor to work
in the Demised Premises shall be filed against the Demised Premises, Landlord or Tenant shall,
within sixty (60) days after notice of the filing thereof, cause the same to be discharged of
record by payment, deposit or bond. |
11 | Laws And Ordinances. Except as otherwise set forth in this Lease, Tenant agrees, at
its sole cost and expense, to comply with all laws, ordinances, orders and regulations
regarding Tenant’s operation of the Demised Premises and its business therein. |
12 | Utility Services. |
12.1 | Utility Facilities. Landlord warrants that as of the Commencement Date,
water, sewer, gas, electricity and telephone and Internet facilities shall be available at
and to the Demised Premises. |
12.2 | Payment For Utility. Tenant shall be solely responsible to arrange for and
shall promptly pay all charges for the use and consumption of sewer, gas, electricity,
water,
telephone and all other utility services used within the Demised Premises during the Term of
this Lease. |
13 | Tenant Repairs And Maintenance. Except as otherwise set forth in this Lease, Tenant
shall have the obligation, to perform or cause to be performed all maintenance, repair and
replacements necessary to keep or put all of the Demised Premises in good condition and
repair, reasonable wear and tear excepted. Tenant shall, at all times during the Term of this
Lease and at surrender of the Demised Premises, keep or put the Demised Premises in a clean,
tenantable condition, reasonable wear and tear excepted. Within thirty (30) days after Tenant
has received written notice from Landlord specifying the nature of any maintenance, repairs or
replacements necessary, Tenant, to the extent required by this Lease, shall complete such
repairs or maintenance or diligently and continuously work towards completion thereof. |
14 | Damage To Demised Premises. |
14.1 | Repair. In the event the Building or the Demised Premises or any portion
thereof is damaged or destroyed or rendered partially untenantable for their intended use
by fire or other casualty insured under the coverage which Tenant is obligated to carry
pursuant to Section 16, such insurance proceeds for the Demised Premises, not including
proceeds for Tenant’s Property, shall be immediately assigned to Landlord and Landlord
shall, within forty five (45) days after such casualty, commence and diligently proceed to
repair said Building and restore the Demised Premises to substantially the same condition
in which it was immediately prior to the occurrence of the casualty and any alterations,
additions and Tenant’s Property installed by Tenant after the Commencement Date of this
Lease. From the date of such casualty until Landlord’s repairs are substantially complete,
Rent and all other charges and items payable hereunder shall xxxxx in such proportion as
the part of the Demised Premises thus destroyed or rendered untenantable bears to the total
Demised Premises. From the date of such casualty until Landlord’s repairs are
substantially complete, Rent and all other charges and items payable hereunder shall fully
xxxxx if Tenant is unable to reasonably operate the Demised Premises for the purposes
permitted by this Lease. |
14.2 | Repairs During Last Year. In the event that fifty percent (50%) or more of the
Building is destroyed or rendered untenantable by fire or other casualty during the last
year of the Primary Term or the last year of any Renewal Term of this Lease, then Landlord
or Tenant shall have right to terminate this Lease, effective as of the date of the
casualty, by giving one to the other, within thirty (30) days of such casualty, written
notice of termination. |
15 | Insurance. |
15.1 | Landlord’s Property Insurance. During the Term of this Lease, Tenant shall
carry and maintain in full force a policy or policies of standard form all risk property
insurance (hereafter, “Landlord’s Property Insurance”) covering fire and extended coverage,
vandalism and malicious mischief, sprinkler leakage and other similar perils of direct
physical loss or damage, issued by one or more insurance carriers licensed to do business
in the state in which the Demised Premises are located insuring the Building, and
Landlord’s Property, and all appurtenances thereto (excluding Tenant’s Property) for the
full replacement value thereof as of the date of loss or damage, having a aggregate limit of
not less than (a) $10.324 million during the first year of the Lease Term, and
specifically: |
RHA Anadarko replacement value of $5.704 million
RHA Xxxxxx replacement value of $4.62 million
RHA Xxxxxx replacement value of $4.62 million
and thereafter, (b) an amount as may be, from time to time, reasonably agreed to between
Landlord and Tenant during the remainder of the Lease Term. Tenant shall arrange to have
Landlord named as the Loss Payee on the Landlord’s Property Insurance.
15.2 | Liability Insurance. Tenant agrees to carry general liability insurance on the
Demised Premises during the Term hereof naming Landlord as an additional insured, with
companies reasonably satisfactory to Landlord and giving Landlord and Tenant a minimum of
thirty (30) days written notice by the insurance company prior to cancellation, termination
or change in coverage in such insurance. Such insurance shall have a coverage of not less
than One Million Dollars ($1,000,000.00) combined Bodily Injury and Property Damage
Liability including General Aggregate, Products- Completed Operations Aggregate, Each
Occurrence, Personal & Advertising Injury, and Fire Damage. |
15.3 | Tenant’s Property Insurance. Tenant agrees to carry all risk property
insurance covering, fire and extended coverage, vandalism and malicious mischief, sprinkler
leakage and all other perils of direct physical loss or damage, including glass breakage,
for at least eighty percent (80%) of the replacement value, and covering all of Tenant’s
Property located on or within the Demised Premises. Landlord agrees that it shall not have
any right, title or interest in and to Tenant’s property insurance, or any proceeds
therefrom. |
15.4 | Insurance Certificates. Each insurance policy obtained by Tenant pursuant to
this Section 16 shall name Landlord as an additional insured and provide that at least
thirty (30) days prior written notice of policy cancellation, termination or change in
coverage shall be given by the insurance carrier to Landlord prior to any cancellation,
termination or change in coverage. Landlord and Tenant and all parties claiming under them
mutually release and discharge each other from all claims and liabilities arising from or
caused by any casualty or hazard, covered or required to be covered in whole or in part by
insurance on the Demised Premises or in connection with property on or activities conducted
on the Demised Premises, and waive any right of subrogation which might otherwise exist in
or accrue to any person on account thereof; provided however, that such release, discharge
or waiver shall be effective only if such release, discharge or waiver does not violate the
terms of any insurance policies covering the Demised Premises or adversely affect
Landlord’s or Tenant’s rights to collect thereunder. Tenant shall provide Landlord
certificate(s) of insurance from the insurance carrier(s) for each policy or policies of
insurance required of Tenant pursuant to this Section 16. |
16 | Indemnification. |
16.1 | Tenant Indemnification. Subject to Section 17.2, in addition to all other
indemnities provided in this Lease, Tenant hereby indemnifies and holds Landlord its
successors, assigns, members, managers, officers and employees harmless from and
against any and all claims, demands, liabilities, damages and expenses, including without
limitation attorneys’ fees, arising from Tenant’s use of the Demised Premises or from any
negligent or willful act or omission in or about the Demised Premises by Tenant or its
agents, employees, or contractors, or from any breach or default by Tenant of this Lease,
except to the extent caused by the breach of this Lease by Landlord, or by the negligence or
willful misconduct of Landlord, its agents, employees or contractors. In the event any
action or proceeding shall be brought against Landlord its successors, assigns, members,
managers, officers and employees by reason of any such indemnified claim, Tenant shall
defend the same at Tenant’s expense by counsel selected by Tenant and reasonably
satisfactory to Landlord. |
17 | Assignment and Subletting. |
17.1 | Authorized Assignments. Tenant shall not, without Landlord’s prior written
approval, have the right to sublet, assign or otherwise transfer its interest in this
Lease. |
18 | Access To Demised Premises. Upon reasonable prior notice (except in the case of
an emergency), Landlord may enter the Demised Premises during Tenant’s business hours
for purposes of inspection, to show the Demised Premises to prospective purchasers, future
tenants and lenders or to perform any obligation imposed upon or to exercise any right granted
to Landlord by this Lease. |
19 | Defaults By Tenant. |
19.1 | Tenant Default. The following events shall be deemed Events of Default by
Tenant under this Lease: |
19.1.1 | Any failure by Tenant to pay Rent or make any other payment required of Tenant by
this Lease by the date due and such failure shall continue for a period of thirty (30)
days after receipt by Tenant of written notice that the same is then due and owing. |
19.1.2 | If Tenant shall fail to comply with any other term, provision or covenant of this
Lease, other than the payment of Rent or other payments required hereunder, and shall
not cure such failure within thirty (30) days after receipt of written notice thereof
by Landlord, except that this thirty (30) day period shall be extended for a reasonable
period of time if the alleged event of default is not reasonably capable of cure within
said thirty (30) days and Tenant commences cure within such thirty (30) day period and
thereafter diligently continues its efforts to cure such default. |
19.1.3 | If Tenant shall file or have filed against it a petition to be adjudged a bankrupt or
for reorganization under any applicable federal law relating to bankruptcy or
reorganization; provided, however, that no default shall occur if such petition in
bankruptcy is dismissed within sixty (60) days. |
19.2 | Landlord’s Remedies. On the occurrence of any Event of Default of this Lease
by Tenant, Landlord may, at any time prior to cure or waiver, with or without notice or
demand and without limiting Landlord in the exercise of any right or remedy which Landlord
may have: |
19.2.1 | Terminate Tenant’s right to possession of the Demised Premises and re-enter the
Demised Premises by any lawful means, in which case this Lease shall terminate.
In such case Tenant shall immediately surrender possession of the Demised Premises
to Landlord; or |
19.2.2 | Maintain Tenant’s right to possession of the Demised Premises, in which case this
Lease shall continue in effect whether or not Tenant has abandoned the Demised
Premises. In such event, Landlord shall be entitled to enforce all Landlord’s rights
and remedies under this Lease, including the right to recover the Rent and other
payments required to be made hereunder as they become due, and Landlord shall have the
right, but not the obligation, to occupy or re-let the whole or any part of the Demised
Premises for the account of Tenant in order to mitigate damages; or |
19.2.3 | Pursue any other remedy now or hereafter available to Landlord under the laws or
judicial decisions of the state in which the Demised Premises is located. |
19.2.4 | If Landlord re-enters the Demised Premises under the provisions of section 20.2.2
hereof, Landlord shall not be deemed to have terminated this Lease, or the liability of
Tenant to pay any Rent or other charges that are due or thereafter accruing, or
Tenant’s liability for damages under any of the provisions hereof. In the event of any
entry or taking possession of the Demised Premises as aforesaid, Landlord shall have in
addition to its rights otherwise granted in this Section, shall have the right, but not
the obligation, to remove from the Demised Premises any personal property located
therein and to place it in storage at a public warehouse at the expense and risk of
Tenant. |
19.2.5 | Landlord’s exercise of any right or remedy shall not prevent it from exercising any
other right or remedy. |
20 | Defaults By Landlord. If Landlord should be in default in the performance of any of
its material obligations under this Lease, which default continues for a period of more than
thirty (30) days after receipt of written notice from Tenant specifying such default with
particularity, or if such default is of a nature to require more than thirty (30) days for
remedy and continues beyond the time reasonably necessary to cure (and Landlord has not
undertaken procedures to cure the default within such thirty (30) day period and diligently
pursued such efforts toward completion), Tenant, in addition to any other remedy available at
law or in equity at its option, may terminate this Lease. |
21 | Eminent Domain. |
21.1 | In the event that any portion of the Land or Building shall be appropriated or taken
under the power of eminent domain by any public or quasi-public authority to the extent
that Tenant cannot conduct its business in the remaining portion of the Building in
substantially the same manner as conducted prior to the taking, then at the election of
Tenant, this Lease shall terminate and expire as of the date of such taking, and both
Landlord and Tenant shall thereupon be released from any liability thereafter accruing
hereunder. |
21.2 | Notice of any termination relating to such eminent domain proceeding must be made by
Tenant within sixty (60) days after receipt of written notice of such taking, unless, with
Landlord’s prior written consent, Tenant elects to contest such taking in which case the
aforestated notice period shall be extended until sixty (60) days from the final resolution
of such contestment. In the event of such termination, both Landlord and Tenant shall
thereupon be released from any liability thereafter accruing hereunder. If
this Lease is terminated as herein above provided, all items of Rent and other charges
payable by Tenant hereunder for the last month of Tenant’s occupancy shall be prorated, and
Landlord agrees to refund to Tenant any Rent or other charges paid in advance. If Tenant
does not elect to so terminate this Lease, Tenant shall remain in that portion of the
Demised Premises which shall not have been appropriated or taken as herein provided, and
Landlord agrees, at Landlord’s cost and expense, to, as soon as reasonably possible, restore
the remaining portion of the Demised Premises to a complete unit of like quality and
character as existed prior to such appropriation or taking, and thereafter all Rent and
other payment obligations of Tenant hereunder shall be adjusted on an equitable basis,
taking into account the relative value of the portion taken as compared to the portion
remaining. For the purpose of this Section, a voluntary sale or conveyance in lieu of
condemnation, but under threat of condemnation, shall be deemed an appropriation or taking
under the power of eminent domain. A separate award for damage to or for taking of
respective interests of the Landlord and the Tenant may be made for each of them, and each
of them shall be entitled to approve, receive and retain such awards as shall be made to it.
The termination of this Lease shall not affect the rights of the Landlord and Tenant with
respect to the separate awards under such eminent domain proceedings. |
22 | Attorneys’ Fees. In the event either Landlord or Tenant shall institute any action
or proceeding against the other relating to the interpretation or enforcement of the
provisions of this Lease, or any default hereunder, the unsuccessful party in such action or
proceeding agrees to reimburse the successful party for the reasonable expenses of attorneys’
fees and paralegal fees and disbursements incurred therein by the successful party. Such
reimbursement shall include all legal expenses incurred prior to trial, at trial and at all
levels of appeal and post judgment proceedings including fees and costs incurred to collect
any judgment or enforce any claim. |
23 | Notices. Notices and demands required, or permitted, to be sent to either party
shall be sent by certified mail, return receipt requested, postage prepaid, by hand delivery,
or by facsimile and shall be deemed to have been given upon the date the same is sent by
certified mail, on the date of hand delivery, or on the date sent by facsimile, but shall not
be deemed received until three (3) days following deposit in the United States Mail if sent by
certified mail (so long as the return receipt shows delivery or attempted delivery within such
time) to address shown below, on the date hand delivered, or on the date sent by facsimile
with answer back, and addressed to: |
LANDLORD: | TENANT: | |||
Attn: First Physicians Realty Group, LLC | RHA Anadarko, LLC | |||
RHA Xxxxxx, LLC | ||||
Attn: | ||||
or at such other address requested in writing by either party upon thirty (30) days notice to the
other party.
24 | Remedies. Except as may otherwise be provided in this Lease, all rights and remedies
of Landlord and Tenant are cumulative, and any one or more rights or remedies may be exercised
and enforced concurrently or consecutively and whenever and as often as deemed desirable. The
failure of either Landlord or Tenant to insist upon strict performance by the other of any of
the provisions of this Lease shall not be deemed a waiver of any subsequent breach or default
in any such provision. No surrender of the Demised Premises by Tenant shall be affected by
Landlord’s acceptance of Rent or by other means whatsoever unless the same is evidenced by
Landlord’s written acceptance of the surrender. |
25 | Successors And Assigns. All of the provisions of this Lease shall be binding upon,
apply and inure to the parties hereto and their respective heirs, representatives, successors
and permitted assigns. |
26 | Holding Over. If Tenant or any party claiming by, through or under Tenant remains in
possession of the Demised Premises or any part thereof after any termination or expiration of
this Lease, without Landlord’s written consent, Landlord, in Landlord’s sole discretion may
treat such holdover as an automatic renewal of this Lease for a month to month tenancy subject
to all the terms and conditions provided herein, except that the Base Rent shall be one
hundred fifty percent (150%) of the Base Rent payable immediately prior to the expiration or
termination of this Lease. |
27 | Interpretation. The parties hereto agree that it is their intention hereby to create
only the relationship of Landlord and Tenant, and no provision hereof, or act of either party
hereunder, shall ever be construed as creating the relationship of principal and agent, or a
partnership, or a joint venture or enterprise between the parties hereto. |
28 | Tenant Representations. Tenant represents and warrants that (a) there is no action,
suit, proceeding or investigation pending or threatened which, if adversely determined, would
have a material adverse effect on Tenant or Tenant’s business; (b) the making and performance
of this Lease shall not violate any provision, or constitute a default, under any indenture,
agreement or instrument to which Tenant is bound or affected; (c) Tenant is an Oklahoma
limited liability company duly organized, validly existing and in good standing under the laws
of such state, and is in good standing and validly authorized to do business in the state in
which the Demised Premises are located; and (d) Tenant has all requisite power, authority and
legal right to enter into and perform this Lease. |
29 | Estoppel. At any time and from time to time either party, upon request of the other
party, shall execute, acknowledge and deliver an instrument, stating, if the same be true,
that this Lease is a true and exact copy of the Lease between the parties hereto, that there
are no amendments hereof (or, if not so, stating what amendments there may be), that the same
is then in full force and effect and that, to the best of its knowledge, there are no offsets,
defenses or counterclaims with respect to the payment of Rent reserved hereunder or in the
performance of the other terms, covenants and conditions hereof on the part of Tenant or
Landlord, as the case may be, to be performed (or, if not so, setting forth those offsets,
defenses or counterclaims existing), and that as of such date no default has been declared
hereunder by either party, or if a default has been declared, such instrument shall specify
same. Such instrument shall be executed by the other party and delivered to the requesting
party within fifteen (15) days of receipt of the request therefor, or else the statements made
in the proposed estoppel request shall be deemed to be correct. |
30 | Force Majeure. In the event that either party hereto shall be delayed or hindered in
or prevented from the performance required hereunder other than the payment of a sum due
pursuant hereto, by reason of strikes, lockouts, labor troubles, failure of power, riots,
insurrection, war, acts of terrorism, acts of God, or other reason of like nature not the
fault of the party delayed in performing work or doing acts (hereafter, “Permitted Delay” or
“Permitted Delays”), such party shall be excused for the period of time equivalent to the
delay caused by such Permitted Delay. |
31 | Severability. Any provision of this Lease which shall prove to be invalid, void or
illegal shall in no way affect, impair or invalidate any other provisions hereof and such
other provisions shall remain in full force and effect. |
32 | Governing Law And Venue. This Lease shall be governed by the laws of the state of
Oklahoma. |
33 | Brokers. Landlord and Tenant represent and warrant one to the other that they have
not had any dealings with any real estate brokers or agents in connection with the negotiation
of this Lease. Landlord and Tenant agree to indemnify and hold each other harmless from and
against any and all liability and cost which Landlord or Tenant, as applicable, may suffer in
connection with any real estate broker claiming by, through, or under Landlord or Tenant, as
applicable, seeking any commission, fee or payment in connection with this Lease. |
34 | Time Of The Essence. Time shall be of the essence in performance of this Lease. |
35 | Entire Agreement. This Lease contains all of the agreements of the parties hereto
with respect to matters covered or mentioned in this Lease and no prior agreement, letters,
representations, warranties, promises, or understandings pertaining to any such matters shall
be effective for any such purpose. This Lease may be amended or added to only by an agreement
in writing signed by the parties hereto or their respective successors in interest. |
IN WITNESS WHEREOF, the parties hereto have executed this Lease on the day and year first
mentioned, the corporate party or parties by its or their proper officers thereto duly authorized.
TENANT: RHA Anadarko, LLC |
||||
By: | ||||
Its: | ||||
RHA Xxxxxx, LLC |
||||
By: | ||||
Its: | ||||
LANDLORD: First Physicians Realty Group, LLC |
||||
By: | ||||
Its: | ||||
EXHIBIT “D”
COMMENCEMENT AGREEMENT
COMMENCEMENT AGREEMENT
THIS AGREEMENT, made this 1st day of April, 2011 by and between First
Physicians Realty Group, LLC, an Oklahoma limited liability company (herein “Landlord”) and RHA
Anadarko, LLC, and RHA Xxxxxx, LLC, all Oklahoma limited liability companies (herein jointly
referred to as “Tenant”).
WITNESSETH:
WHEREAS, Landlord and Tenant have entered into that certain Lease dated the 1st day of April,
2011 (“Lease”) for Demised Premises located in Xxxxx County, Xxxxxxxx County, and Lincoln County,
Oklahoma; and
WHEREAS, Landlord and Tenant wish to set forth their agreements as to the commencement of the
Term of this Lease.
NOW, THEREFORE, in consideration of the Demised Premises as described in this Lease and the
covenants set forth therein, Landlord and Tenant agree as follows:
1. | The Primary Term of this Lease commenced on April 1, 2011. |
2. | The Primary Term of this Lease shall expire on April 1, 2031. |
3. | Tenant has one additional ten (10) year option. |
4. | The Rent Commencement Date under this Lease Agreement is April 1, 2011. |
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the day and year
first above written.
LANDLORD: | TENANT: | |||||||||
First Physicians Realty Group, LLC | RHA Anadarko, LLC | |||||||||
By
|
By | |||||||||
Name: | Name: | |||||||||
Its: | Its: | |||||||||
RHA Xxxxxx, LLC | ||||||||||
By | ||||||||||
Name: | ||||||||||
Its: | ||||||||||