EXHIBIT 10.9
------------
OFFICE LICENSE AGREEMENT
------------------------
THIS AGREEMENT is entered into as of the 17th day of October, 1996, by and
between RYDER TRUCK RENTAL, INC., c/o Properties and Construction, 0000 XX 00xx
Xxxxxx, Xxxxx, Xxxxxxx 00000 ("Ryder") and Ryder TRS, Inc., whose address is
0000 XX 00xx Xxxxxx, Xxxxx, Xxxxxxx ("Licensee").
IN CONSIDERATION of the covenants and conditions contained herein, Ryder and
Licensee agree as follows:
1. Ryder hereby grants to Licensee a license to access and utilize that
portion of Ryder Truck Rental's facility located at Macon, Georgia (the
"Premises") which is currently being occupied by * .
2. Licensee agrees to pay to Ryder, monthly in advance, on the first day of
each month during the term of this Agreement, a license fee in the amount of *
, prorated for portions of a month.
3. Licensee shall use the Premises for office purposes only. Licensee shall
not bring or permit any hazardous or toxic materials, substances or wastes upon
the Premises. Licensee's use of the Premises shall be in compliance with all
applicable laws, ordinances and governmental rules and regulations and any
reasonable rules and regulations which Ryder may establish from time to time
after reasonable advance written notice to Licensee. Licensee shall not alter
the Premises in any manner. Licensee has inspected the Premises, is satisfied
with the condition thereof, and accepts the Premises in their present "AS IS"
condition.
4. The term of this Agreement and the license granted hereby shall commence
upon the execution of this Agreement by both parties and shall continue from
month to month until terminated by either party upon sixty (60) days prior
written notice to the other party.
5. Licensee agrees to maintain during the term of this Agreement a policy of
general liability insurance for claims and liabilities arising out of Licensee's
use or occupancy of the Premises. Such policies shall have limits of not less
than $1,000,000. Prior to Licensee's use or occupancy of the Premises, Licensee
shall provide Ryder with a certificate evidencing the coverage required by this
paragraph and naming Ryder as an additional insured.
6. Ryder shall have the right to terminate this Agreement and the license
granted hereby upon thirty (30) days prior notice to Licensee in the event of a
breach of any covenant or agreement of
* CONFIDENTIAL PORTIONS OMITTED AND FILED SEPARATELY WITH THE COMMISSION
PURSUANT TO AN APPLICATION FOR CONFIDENTIAL TREATMENT PURSUANT TO RULE 406 UNDER
THE SECURITIES ACT OF 1933, AS AMENDED.
Licensee contained in this Agreement which is not cured within such thirty (30)
day period.
7. Ryder shall incur no liability to Licensee for failure or inability of
Licensee to use the Premises due to any cause beyond Ryder's control, whether
existing now or hereafter, however Ryder will use reasonable efforts to minimize
any interruption in Licensee's use of the Premises.
8. Notices given hereunder shall be in writing, shall be given at the
addresses set forth below each parties' signature hereon and shall be deemed
effective when actually received by the addressee by personal delivery,
certified mail or recognized overnight delivery service.
9. This Agreement and the license granted hereby are personal to Licensee and
are not assignable by Licensee. No waivers, alterations or modifications of
this Agreement shall be valid unless in writing and duly executed by both
parties. This Agreement, including the Exhibit, and that certain Asset and
Stock Purchase Agreement dated as of September 19, 1996 between Ryder and
Licensee constitute the entire agreement of the parties regarding the Premises
and supersede all previous negotiations and commitments, whether written or
oral.
IN WITNESS WHEREOF, this Agreement has been executed on behalf of the parties by
their duly authorized representatives.
RYDER TRUCK RENTAL, INC. RYDER TRS, INC.
By: /s/ Xxxxxx X. Xxxxx By: /s/ Xxxx Xxxxxxxx
------------------- -----------------
Executive Vice President Vice President &
- Development Asst. Secretary
October 17, 1996 October 17, 1996
Address for notice: Address for notice:
0000 XX 00xx Xxxxxx 0000 XX 00xx Xxxxxx
Xxxxx, Xxxxxxx 00000 Xxxxx, Xxxxxxx 00000
Attn: Properties & Construction (4B) Attention: President
* CONFIDENTIAL PORTIONS OMITTED AND FILED SEPARATELY WITH THE COMMISSION
PURSUANT TO AN APPLICATION FOR CONFIDENTIAL TREATMENT PURSUANT TO RULE 406 UNDER
THE SECURITIES ACT OF 1933, AS AMENDED.
-2-
OFFICE LICENSE AGREEMENT
------------------------
THIS AGREEMENT is entered into as of the 17th day of October, 1996, by and
between RYDER TRUCK RENTAL, INC., c/o Properties and Construction, 0000 XX 00xx
Xxxxxx, Xxxxx, Xxxxxxx 00000 ("Ryder") and Ryder TRS, Inc., whose address is
0000 XX 00xx Xxxxxx, Xxxxx, Xxxxxxx ("Licensee").
IN CONSIDERATION of the covenants and conditions contained herein, Ryder and
Licensee agree as follows:
1. Ryder hereby grants to Licensee a license to access and utilize that
portion of Ryder Truck Rental's facility located at Rochester, New York (the
"Premises") which is currently being occupied by * .
2. Licensee agrees to pay to Ryder, monthly in advance, on the first day of
each month during the term of this Agreement, a license fee in the amount of
* , prorated for portions of a month.
3. Licensee shall use the Premises for office purposes only. Licensee shall
not bring or permit any hazardous or toxic materials, substances or wastes upon
the Premises. Licensee's use of the Premises shall be in compliance with all
applicable laws, ordinances and governmental rules and regulations and any
reasonable rules and regulations which Ryder may establish from time to time
after reasonable advance written notice to Licensee. Licensee shall not alter
the Premises in any manner. Licensee has inspected the Premises, is satisfied
with the condition thereof, and accepts the Premises in their present "AS IS"
condition.
4. The term of this Agreement and the license granted hereby shall commence
upon the execution of this Agreement by both parties and shall continue from
month to month until terminated by either party upon sixty (60) days prior
written notice to the other party.
5. Licensee agrees to maintain during the term of this Agreement a policy of
general liability insurance for claims and liabilities arising out of Licensee's
use or occupancy of the Premises. Such policies shall have limits of not less
than $1,000,000. Prior to Licensee's use or occupancy of the Premises, Licensee
shall provide Ryder with a certificate evidencing the coverage required by this
paragraph and naming Ryder as an additional insured.
6. Ryder shall have the right to terminate this Agreement and the license
granted hereby upon thirty (30) days prior notice to
* CONFIDENTIAL PORTIONS OMITTED AND FILED SEPARATELY WITH THE COMMISSION
PURSUANT TO AN APPLICATION FOR CONFIDENTIAL TREATMENT PURSUANT TO RULE 406 UNDER
THE SECURITIES ACT OF 1933, AS AMENDED.
Licensee in the event of a breach of any covenant or agreement of Licensee
contained in this Agreement which is not cured within such thirty (30) day
period.
7. Ryder shall incur no liability to Licensee for failure or inability of
Licensee to use the Premises due to any cause beyond Ryder's control, whether
existing now or hereafter, however Ryder will use reasonable efforts to minimize
any interruption in Licensee's use of the Premises.
8. Notices given hereunder shall be in writing, shall be given at the
addresses set forth below each parties' signature hereon and shall be deemed
effective when actually received by the addressee by personal delivery,
certified mail or recognized overnight delivery service.
9. This Agreement and the license granted hereby are personal to Licensee and
are not assignable by Licensee. No waivers, alterations or modifications of
this Agreement shall be valid unless in writing and duly executed by both
parties. This Agreement, including the Exhibit, and that certain Asset and
Stock Purchase Agreement dated as of September 19, 1996 between Ryder and
Licensee constitute the entire agreement of the parties regarding the Premises
and supersede all previous negotiations and commitments, whether written or
oral.
IN WITNESS WHEREOF, this Agreement has been executed on behalf of the parties by
their duly authorized representatives.
RYDER TRUCK RENTAL, INC. RYDER TRS, INC.
By: /s/ Xxxxxx X. Xxxxx By: /s/ Xxxx Xxxxxxxx
------------------- -----------------
Executive Vice President Vice President &
- Development Asst. Secretary
October 17, 1996 October 17, 1996
Address for notice: Address for notice:
0000 XX 00xx Xxxxxx 0000 XX 00xx Xxxxxx
Xxxxx, Xxxxxxx 00000 Xxxxx, Xxxxxxx 00000
Attn: Properties & Construction (4B) Attention: President
* CONFIDENTIAL PORTIONS OMITTED AND FILED SEPARATELY WITH THE COMMISSION
PURSUANT TO AN APPLICATION FOR CONFIDENTIAL TREATMENT PURSUANT TO RULE 406 UNDER
THE SECURITIES ACT OF 1933, AS AMENDED.
-2-
OFFICE LICENSE AGREEMENT
------------------------
THIS AGREEMENT is entered into as of the 17th day of October, 1996, by and
between RYDER TRUCK RENTAL, INC., c/o Properties and Construction, 0000 XX 00xx
Xxxxxx, Xxxxx, Xxxxxxx 00000 ("Ryder") and Ryder TRS, Inc., whose address is
0000 XX 00xx Xxxxxx, Xxxxx, Xxxxxxx ("Licensee").
IN CONSIDERATION of the covenants and conditions contained herein, Ryder and
Licensee agree as follows:
1. Ryder hereby grants to Licensee a license to access and utilize that
portion of Ryder Truck Rental's facility located at Portland, Maine (the
"Premises") which is currently being occupied by * .
2. Licensee agrees to pay to Ryder, monthly in advance, on the first day of
each month during the term of this Agreement, a license fee in the amount of *
, prorated for portions of a month.
3. Licensee shall use the Premises for office purposes only. Licensee shall
not bring or permit any hazardous or toxic materials, substances or wastes upon
the Premises. Licensee's use of the Premises shall be in compliance with all
applicable laws, ordinances and governmental rules and regulations and any
reasonable rules and regulations which Ryder may establish from time to time
after reasonable advance written notice to Licensee. Licensee shall not alter
the Premises in any manner. Licensee has inspected the Premises, is satisfied
with the condition thereof, and accepts the Premises in their present "AS IS"
condition.
4. The term of this Agreement and the license granted hereby shall commence
upon the execution of this Agreement by both parties and shall continue from
month to month until terminated by either party upon sixty (60) days prior
written notice to the other party.
5. Licensee agrees to maintain during the term of this Agreement a policy of
general liability insurance for claims and liabilities arising out of Licensee's
use or occupancy of the Premises. Such policies shall have limits of not less
than $1,000,000. Prior to Licensee's use or occupancy of the Premises, Licensee
shall provide Ryder with a certificate evidencing the coverage required by this
paragraph and naming Ryder as an additional insured.
6. Ryder shall have the right to terminate this Agreement and the license
granted hereby upon thirty (30) days prior notice to Licensee in the event of a
breach of any covenant or agreement of
* CONFIDENTIAL PORTIONS OMITTED AND FILED SEPARATELY WITH THE COMMISSION
PURSUANT TO AN APPLICATION FOR CONFIDENTIAL TREATMENT PURSUANT TO RULE 406 UNDER
THE SECURITIES ACT OF 1933, AS AMENDED.
Licensee contained in this Agreement which is not cured within such thirty (30)
day period.
7. Ryder shall incur no liability to Licensee for failure or inability of
Licensee to use the Premises due to any cause beyond Ryder's control, whether
existing now or hereafter, however Ryder will use reasonable efforts to minimize
any interruption in Licensee's use of the Premises.
8. Notices given hereunder shall be in writing, shall be given at the
addresses set forth below each parties' signature hereon and shall be deemed
effective when actually received by the addressee by personal delivery,
certified mail or recognized overnight delivery service.
9. This Agreement and the license granted hereby are personal to Licensee and
are not assignable by Licensee. No waivers, alterations or modifications of
this Agreement shall be valid unless in writing and duly executed by both
parties. This Agreement, including the Exhibit, and that certain Asset and
Stock Purchase Agreement dated as of September 19, 1996 between Ryder and
Licensee constitute the entire agreement of the parties regarding the Premises
and supersede all previous negotiations and commitments, whether written or
oral.
IN WITNESS WHEREOF, this Agreement has been executed on behalf of the parties by
their duly authorized representatives.
RYDER TRUCK RENTAL, INC. RYDER TRS, INC.
By: /s/ Xxxxxx X. Xxxxx By: /s/ Xxxx Xxxxxxxx
------------------- -----------------
Executive Vice President Vice President &
- Development Asst. Secretary
October 17, 1996 October 17, 1996
Address for notice: Address for notice:
0000 XX 00xx Xxxxxx 0000 XX 00xx Xxxxxx
Xxxxx, Xxxxxxx 00000 Xxxxx, Xxxxxxx 00000
Attn: Properties & Construction (4B) Attention: President
* CONFIDENTIAL PORTIONS OMITTED AND FILED SEPARATELY WITH THE COMMISSION
PURSUANT TO AN APPLICATION FOR CONFIDENTIAL TREATMENT PURSUANT TO RULE 406 UNDER
THE SECURITIES ACT OF 1933, AS AMENDED.
-2-
OFFICE LICENSE AGREEMENT
------------------------
THIS AGREEMENT is entered into as of the 17th day of October, 1996, by and
between RYDER TRUCK RENTAL, INC., c/o Properties and Construction, 0000 XX 00xx
Xxxxxx, Xxxxx, Xxxxxxx 00000 ("Ryder") and Ryder TRS, Inc., whose address is
0000 XX 00xx Xxxxxx, Xxxxx, Xxxxxxx ("Licensee").
IN CONSIDERATION of the covenants and conditions contained herein, Ryder and
Licensee agree as follows:
1. Ryder hereby grants to Licensee a license to access and utilize that
portion of Ryder Truck Rental's facility located at King of Prussia,
Pennsylvania (the "Premises") which is currently being occupied by * .
2. Licensee agrees to pay to Ryder, monthly in advance, on the first day of
each month during the term of this Agreement, a license fee in the amount of *
, prorated for portions of a month.
3. Licensee shall use the Premises for office purposes only. Licensee shall
not bring or permit any hazardous or toxic materials, substances or wastes upon
the Premises. Licensee's use of the Premises shall be in compliance with all
applicable laws, ordinances and governmental rules and regulations and any
reasonable rules and regulations which Ryder may establish from time to time
after reasonable advance written notice to Licensee. Licensee shall not alter
the Premises in any manner. Licensee has inspected the Premises, is satisfied
with the condition thereof, and accepts the Premises in their present "AS IS"
condition.
4. The term of this Agreement and the license granted hereby shall commence
upon the execution of this Agreement by both parties and shall continue from
month to month until terminated by either party upon sixty (60) days prior
written notice to the other party.
5. Licensee agrees to maintain during the term of this Agreement a policy of
general liability insurance for claims and liabilities arising out of Licensee's
use or occupancy of the Premises. Such policies shall have limits of not less
than $1,000,000. Prior to Licensee's use or occupancy of the Premises, Licensee
shall provide Ryder with a certificate evidencing the coverage required by this
paragraph and naming Ryder as an additional insured.
6. Ryder shall have the right to terminate this Agreement and the license
granted hereby upon thirty (30) days prior notice to Licensee in the event of a
breach of any covenant or agreement of
* CONFIDENTIAL PORTIONS OMITTED AND FILED SEPARATELY WITH THE COMMISSION
PURSUANT TO AN APPLICATION FOR CONFIDENTIAL TREATMENT PURSUANT TO RULE 406 UNDER
THE SECURITIES ACT OF 1933, AS AMENDED.
Licensee contained in this Agreement which is not cured within such thirty (30)
day period.
7. Ryder shall incur no liability to Licensee for failure or inability of
Licensee to use the Premises due to any cause beyond Ryder's control, whether
existing now or hereafter, however Ryder will use reasonable efforts to minimize
any interruption in Licensee's use of the Premises.
8. Notices given hereunder shall be in writing, shall be given at the
addresses set forth below each parties' signature hereon and shall be deemed
effective when actually received by the addressee by personal delivery,
certified mail or recognized overnight delivery service.
9. This Agreement and the license granted hereby are personal to Licensee and
are not assignable by Licensee. No waivers, alterations or modifications of
this Agreement shall be valid unless in writing and duly executed by both
parties. This Agreement, including the Exhibit, and that certain Asset and
Stock Purchase Agreement dated as of September 19, 1996 between Ryder and
Licensee constitute the entire agreement of the parties regarding the Premises
and supersede all previous negotiations and commitments, whether written or
oral.
IN WITNESS WHEREOF, this Agreement has been executed on behalf of the parties by
their duly authorized representatives.
RYDER TRUCK RENTAL, INC. RYDER TRS, INC.
By: /s/ Xxxxxx X. Xxxxx By: /s/ Xxxx Xxxxxxxx
------------------- -----------------
Executive Vice President Vice President &
- Development Asst. Secretary
October 17, 1996 October 17, 1996
Address for notice: Address for notice:
0000 XX 00xx Xxxxxx 0000 XX 00xx Xxxxxx
Xxxxx, Xxxxxxx 00000 Xxxxx, Xxxxxxx 00000
Attn: Properties & Construction (4B) Attention: President
* CONFIDENTIAL PORTIONS OMITTED AND FILED SEPARATELY WITH THE COMMISSION
PURSUANT TO AN APPLICATION FOR CONFIDENTIAL TREATMENT PURSUANT TO RULE 406 UNDER
THE SECURITIES ACT OF 1933, AS AMENDED.
-2-
OFFICE LICENSE AGREEMENT
------------------------
THIS AGREEMENT is entered into as of the 17th day of October, 1996, by and
between RYDER TRUCK RENTAL, INC., c/o Properties and Construction, 0000 XX 00xx
Xxxxxx, Xxxxx, Xxxxxxx 00000 ("Ryder") and Ryder TRS, Inc., whose address is
0000 XX 00xx Xxxxxx, Xxxxx, Xxxxxxx ("Licensee").
IN CONSIDERATION of the covenants and conditions contained herein, Ryder and
Licensee agree as follows:
1. Ryder hereby grants to Licensee a license to access and utilize that
portion of Ryder Truck Rental's facility located at Richmond, Virginia (the
"Premises") which is currently being occupied by * .
2. Licensee agrees to pay to Ryder, monthly in advance, on the first day of
each month during the term of this Agreement, a license fee in the amount of *
, prorated for portions of a month.
3. Licensee shall use the Premises for office purposes only. Licensee shall
not bring or permit any hazardous or toxic materials, substances or wastes upon
the Premises. Licensee's use of the Premises shall be in compliance with all
applicable laws, ordinances and governmental rules and regulations and any
reasonable rules and regulations which Ryder may establish from time to time
after reasonable advance written notice to Licensee. Licensee shall not alter
the Premises in any manner. Licensee has inspected the Premises, is satisfied
with the condition thereof, and accepts the Premises in their present "AS IS"
condition.
4. The term of this Agreement and the license granted hereby shall commence
upon the execution of this Agreement by both parties and shall continue from
month to month until terminated by either party upon sixty (60) days prior
written notice to the other party.
5. Licensee agrees to maintain during the term of this Agreement a policy of
general liability insurance for claims and liabilities arising out of Licensee's
use or occupancy of the Premises. Such policies shall have limits of not less
than $1,000,000. Prior to Licensee's use or occupancy of the Premises, Licensee
shall provide Ryder with a certificate evidencing the coverage required by this
paragraph and naming Ryder as an additional insured.
6. Ryder shall have the right to terminate this Agreement and the license
granted hereby upon thirty (30) days prior notice to Licensee in the event of a
breach of any covenant or agreement of
* CONFIDENTIAL PORTIONS OMITTED AND FILED SEPARATELY WITH THE COMMISSION
PURSUANT TO AN APPLICATION FOR CONFIDENTIAL TREATMENT PURSUANT TO RULE 406 UNDER
THE SECURITIES ACT OF 1933, AS AMENDED.
Licensee contained in this Agreement which is not cured within such thirty (30)
day period.
7. Ryder shall incur no liability to Licensee for failure or inability of
Licensee to use the Premises due to any cause beyond Ryder's control, whether
existing now or hereafter, however Ryder will use reasonable efforts to minimize
any interruption in Licensee's use of the Premises.
8. Notices given hereunder shall be in writing, shall be given at the
addresses set forth below each parties' signature hereon and shall be deemed
effective when actually received by the addressee by personal delivery,
certified mail or recognized overnight delivery service.
9. This Agreement and the license granted hereby are personal to Licensee and
are not assignable by Licensee. No waivers, alterations or modifications of
this Agreement shall be valid unless in writing and duly executed by both
parties. This Agreement, including the Exhibit, and that certain Asset and
Stock Purchase Agreement dated as of September 19, 1996 between Ryder and
Licensee constitute the entire agreement of the parties regarding the Premises
and supersede all previous negotiations and commitments, whether written or
oral.
IN WITNESS WHEREOF, this Agreement has been executed on behalf of the parties by
their duly authorized representatives.
RYDER TRUCK RENTAL, INC. RYDER TRS, INC.
By: /s/ Xxxxxx X. Xxxxx By: /s/ Xxxx Xxxxxxxx
------------------- -----------------
Executive Vice President Vice President &
- Development Asst. Secretary
October 17, 1996 October 17, 1996
Address for notice: Address for notice:
0000 XX 00xx Xxxxxx 0000 XX 00xx Xxxxxx
Xxxxx, Xxxxxxx 00000 Xxxxx, Xxxxxxx 00000
Attn: Properties & Construction (4B) Attention: President
* CONFIDENTIAL PORTIONS OMITTED AND FILED SEPARATELY WITH THE COMMISSION
PURSUANT TO AN APPLICATION FOR CONFIDENTIAL TREATMENT PURSUANT TO RULE 406 UNDER
THE SECURITIES ACT OF 1933, AS AMENDED.
-2-
OFFICE LICENSE AGREEMENT
------------------------
THIS AGREEMENT is entered into as of the 17th day of October, 1996, by and
between RYDER TRUCK RENTAL, INC., c/o Properties and Construction, 0000 XX 00xx
Xxxxxx, Xxxxx, Xxxxxxx 00000 ("Ryder") and Ryder TRS, Inc., whose address is
0000 XX 00xx Xxxxxx, Xxxxx, Xxxxxxx ("Licensee").
IN CONSIDERATION of the covenants and conditions contained herein, Ryder and
Licensee agree as follows:
1. Ryder hereby grants to Licensee a license to access and utilize that
portion of Ryder Truck Rental's facility located at Hartford, Connecticut (the
"Premises") which is currently being occupied by * .
2. Licensee agrees to pay to Ryder, monthly in advance, on the first day of
each month during the term of this Agreement, a license fee in the amount of *
, prorated for portions of a month.
3. Licensee shall use the Premises for office purposes only. Licensee shall
not bring or permit any hazardous or toxic materials, substances or wastes upon
the Premises. Licensee's use of the Premises shall be in compliance with all
applicable laws, ordinances and governmental rules and regulations and any
reasonable rules and regulations which Ryder may establish from time to time
after reasonable advance written notice to Licensee. Licensee shall not alter
the Premises in any manner. Licensee has inspected the Premises, is satisfied
with the condition thereof, and accepts the Premises in their present "AS IS"
condition.
4. The term of this Agreement and the license granted hereby shall commence
upon the execution of this Agreement by both parties and shall continue from
month to month until terminated by either party upon sixty (60) days prior
written notice to the other party.
5. Licensee agrees to maintain during the term of this Agreement a policy of
general liability insurance for claims and liabilities arising out of Licensee's
use or occupancy of the Premises. Such policies shall have limits of not less
than $1,000,000. Prior to Licensee's use or occupancy of the Premises, Licensee
shall provide Ryder with a certificate evidencing the coverage required by this
paragraph and naming Ryder as an additional insured.
6. Ryder shall have the right to terminate this Agreement and the license
granted hereby upon thirty (30) days prior notice to Licensee in the event of a
breach of any covenant or agreement of
* CONFIDENTIAL PORTIONS OMITTED AND FILED SEPARATELY WITH THE COMMISSION
PURSUANT TO AN APPLICATION FOR CONFIDENTIAL TREATMENT PURSUANT TO RULE 406 UNDER
THE SECURITIES ACT OF 1933, AS AMENDED.
Licensee contained in this Agreement which is not cured within such thirty (30)
day period.
7. Ryder shall incur no liability to Licensee for failure or inability of
Licensee to use the Premises due to any cause beyond Ryder's control, whether
existing now or hereafter, however Ryder will use reasonable efforts to minimize
any interruption in Licensee's use of the Premises.
8. Notices given hereunder shall be in writing, shall be given at the
addresses set forth below each parties' signature hereon and shall be deemed
effective when actually received by the addressee by personal delivery,
certified mail or recognized overnight delivery service.
9. This Agreement and the license granted hereby are personal to Licensee and
are not assignable by Licensee. No waivers, alterations or modifications of
this Agreement shall be valid unless in writing and duly executed by both
parties. This Agreement, including the Exhibit, and that certain Asset and
Stock Purchase Agreement dated as of September 19, 1996 between Ryder and
Licensee constitute the entire agreement of the parties regarding the Premises
and supersede all previous negotiations and commitments, whether written or
oral.
IN WITNESS WHEREOF, this Agreement has been executed on behalf of the parties by
their duly authorized representatives.
RYDER TRUCK RENTAL, INC. RYDER TRS, INC.
By: /s/ Xxxxxx X. Xxxxx By: /s/ Xxxx Xxxxxxxx
------------------- -----------------
Executive Vice President Vice President &
- Development Asst. Secretary
October 17, 1996 October 17, 1996
Address for notice: Address for notice:
0000 XX 00xx Xxxxxx 0000 XX 00xx Xxxxxx
Xxxxx, Xxxxxxx 00000 Xxxxx, Xxxxxxx 00000
Attn: Properties & Construction (4B) Attention: President
* CONFIDENTIAL PORTIONS OMITTED AND FILED SEPARATELY WITH THE COMMISSION
PURSUANT TO AN APPLICATION FOR CONFIDENTIAL TREATMENT PURSUANT TO RULE 406 UNDER
THE SECURITIES ACT OF 1933, AS AMENDED.
-2-
OFFICE LICENSE AGREEMENT
------------------------
THIS AGREEMENT is entered into as of the 17th day of October, 1996, by and
between RYDER TRUCK RENTAL, INC., c/o Properties and Construction, 0000 XX 00xx
Xxxxxx, Xxxxx, Xxxxxxx 00000 ("Ryder") and Ryder TRS, Inc., whose address is
0000 XX 00xx Xxxxxx, Xxxxx, Xxxxxxx ("Licensee").
IN CONSIDERATION of the covenants and conditions contained herein, Ryder and
Licensee agree as follows:
1. Ryder hereby grants to Licensee a license to access and utilize that
portion of Ryder Truck Rental's facility located at Charleston, South Carolina
(the "Premises") which is currently being occupied by * .
2. Licensee agrees to pay to Ryder, monthly in advance, on the first day of
each month during the term of this Agreement, a license fee in the amount of *
, prorated for portions of a month.
3. Licensee shall use the Premises for office purposes only. Licensee shall
not bring or permit any hazardous or toxic materials, substances or wastes upon
the Premises. Licensee's use of the Premises shall be in compliance with all
applicable laws, ordinances and governmental rules and regulations and any
reasonable rules and regulations which Ryder may establish from time to time
after reasonable advance written notice to Licensee. Licensee shall not alter
the Premises in any manner. Licensee has inspected the Premises, is satisfied
with the condition thereof, and accepts the Premises in their present "AS IS"
condition.
4. The term of this Agreement and the license granted hereby shall commence
upon the execution of this Agreement by both parties and shall continue from
month to month until terminated by either party upon sixty (60) days prior
written notice to the other party.
5. Licensee agrees to maintain during the term of this Agreement a policy of
general liability insurance for claims and liabilities arising out of Licensee's
use or occupancy of the Premises. Such policies shall have limits of not less
than $1,000,000. Prior to Licensee's use or occupancy of the Premises, Licensee
shall provide Ryder with a certificate evidencing the coverage required by this
paragraph and naming Ryder as an additional insured.
6. Ryder shall have the right to terminate this Agreement and the license
granted hereby upon thirty (30) days prior notice to Licensee in the event of a
breach of any covenant or agreement of
* CONFIDENTIAL PORTIONS OMITTED AND FILED SEPARATELY WITH THE COMMISSION
PURSUANT TO AN APPLICATION FOR CONFIDENTIAL TREATMENT PURSUANT TO RULE 406 UNDER
THE SECURITIES ACT OF 1933, AS AMENDED.
Licensee contained in this Agreement which is not cured within such thirty (30)
day period.
7. Ryder shall incur no liability to Licensee for failure or inability of
Licensee to use the Premises due to any cause beyond Ryder's control, whether
existing now or hereafter, however Ryder will use reasonable efforts to minimize
any interruption in Licensee's use of the Premises.
8. Notices given hereunder shall be in writing, shall be given at the
addresses set forth below each parties' signature hereon and shall be deemed
effective when actually received by the addressee by personal delivery,
certified mail or recognized overnight delivery service.
9. This Agreement and the license granted hereby are personal to Licensee and
are not assignable by Licensee. No waivers, alterations or modifications of
this Agreement shall be valid unless in writing and duly executed by both
parties. This Agreement, including the Exhibit, and that certain Asset and
Stock Purchase Agreement dated as of September 19, 1996 between Ryder and
Licensee constitute the entire agreement of the parties regarding the Premises
and supersede all previous negotiations and commitments, whether written or
oral.
IN WITNESS WHEREOF, this Agreement has been executed on behalf of the parties by
their duly authorized representatives.
RYDER TRUCK RENTAL, INC. RYDER TRS, INC.
By: /s/ Xxxxxx X. Xxxxx By: /s/ Xxxx Xxxxxxxx
------------------- -----------------
Executive Vice President Vice President &
- Development Asst. Secretary
October 17, 1996 October 17, 1996
Address for notice: Address for notice:
0000 XX 00xx Xxxxxx 0000 XX 00xx Xxxxxx
Xxxxx, Xxxxxxx 00000 Xxxxx, Xxxxxxx 00000
Attn: Properties & Construction (4B) Attention: President
* CONFIDENTIAL PORTIONS OMITTED AND FILED SEPARATELY WITH THE COMMISSION
PURSUANT TO AN APPLICATION FOR CONFIDENTIAL TREATMENT PURSUANT TO RULE 406 UNDER
THE SECURITIES ACT OF 1933, AS AMENDED.
-2-
OFFICE LICENSE AGREEMENT
------------------------
THIS AGREEMENT is entered into as of the 17th day of October, 1996, by and
between RYDER TRUCK RENTAL, INC., c/o Properties and Construction, 0000 XX 00xx
Xxxxxx, Xxxxx, Xxxxxxx 00000 ("Ryder") and Ryder TRS, Inc., whose address is
0000 XX 00xx Xxxxxx, Xxxxx, Xxxxxxx ("Licensee").
IN CONSIDERATION of the covenants and conditions contained herein, Ryder and
Licensee agree as follows:
1. Ryder hereby grants to Licensee a license to access and utilize that
portion of Ryder Truck Rental's facility located at Harrisburg, Pennsylvania
(the "Premises") which is currently being occupied by * .
2. Licensee agrees to pay to Ryder, monthly in advance, on the first day of
each month during the term of this Agreement, a license fee in the amount of *
, prorated for portions of a month.
3. Licensee shall use the Premises for office purposes only. Licensee shall
not bring or permit any hazardous or toxic materials, substances or wastes upon
the Premises. Licensee's use of the Premises shall be in compliance with all
applicable laws, ordinances and governmental rules and regulations and any
reasonable rules and regulations which Ryder may establish from time to time
after reasonable advance written notice to Licensee. Licensee shall not alter
the Premises in any manner. Licensee has inspected the Premises, is satisfied
with the condition thereof, and accepts the Premises in their present "AS IS"
condition.
4. The term of this Agreement and the license granted hereby shall commence
upon the execution of this Agreement by both parties and shall continue from
month to month until terminated by either party upon sixty (60) days prior
written notice to the other party.
5. Licensee agrees to maintain during the term of this Agreement a policy of
general liability insurance for claims and liabilities arising out of Licensee's
use or occupancy of the Premises. Such policies shall have limits of not less
than $1,000,000. Prior to Licensee's use or occupancy of the Premises, Licensee
shall provide Ryder with a certificate evidencing the coverage required by this
paragraph and naming Ryder as an additional insured.
6. Ryder shall have the right to terminate this Agreement and the license
granted hereby upon thirty (30) days prior notice to Licensee in the event of a
breach of any covenant or agreement of
* CONFIDENTIAL PORTIONS OMITTED AND FILED SEPARATELY WITH THE COMMISSION
PURSUANT TO AN APPLICATION FOR CONFIDENTIAL TREATMENT PURSUANT TO RULE 406 UNDER
THE SECURITIES ACT OF 1933, AS AMENDED.
Licensee contained in this Agreement which is not cured within such thirty (30)
day period.
7. Ryder shall incur no liability to Licensee for failure or inability of
Licensee to use the Premises due to any cause beyond Ryder's control, whether
existing now or hereafter, however Ryder will use reasonable efforts to minimize
any interruption in Licensee's use of the Premises.
8. Notices given hereunder shall be in writing, shall be given at the
addresses set forth below each parties' signature hereon and shall be deemed
effective when actually received by the addressee by personal delivery,
certified mail or recognized overnight delivery service.
9. This Agreement and the license granted hereby are personal to Licensee and
are not assignable by Licensee. No waivers, alterations or modifications of
this Agreement shall be valid unless in writing and duly executed by both
parties. This Agreement, including the Exhibit, and that certain Asset and
Stock Purchase Agreement dated as of September 19, 1996 between Ryder and
Licensee constitute the entire agreement of the parties regarding the Premises
and supersede all previous negotiations and commitments, whether written or
oral.
IN WITNESS WHEREOF, this Agreement has been executed on behalf of the parties by
their duly authorized representatives.
RYDER TRUCK RENTAL, INC. RYDER TRS, INC.
By: /s/ Xxxxxx X. Xxxxx By: /s/ Xxxx Xxxxxxxx
------------------- -----------------
Executive Vice President Vice President &
- Development Asst. Secretary
October 17, 1996 October 17, 1996
Address for notice: Address for notice:
0000 XX 00xx Xxxxxx 0000 XX 00xx Xxxxxx
Xxxxx, Xxxxxxx 00000 Xxxxx, Xxxxxxx 00000
Attn: Properties & Construction (4B) Attention: President
* CONFIDENTIAL PORTIONS OMITTED AND FILED SEPARATELY WITH THE COMMISSION
PURSUANT TO AN APPLICATION FOR CONFIDENTIAL TREATMENT PURSUANT TO RULE 406 UNDER
THE SECURITIES ACT OF 1933, AS AMENDED.
-2-
OFFICE LICENSE AGREEMENT
------------------------
THIS AGREEMENT is entered into as of the 17th day of October, 1996, by and
between RYDER TRUCK RENTAL, INC., c/o Properties and Construction, 0000 XX 00xx
Xxxxxx, Xxxxx, Xxxxxxx 00000 ("Ryder") and Ryder TRS, Inc., whose address is
0000 XX 00xx Xxxxxx, Xxxxx, Xxxxxxx ("Licensee").
IN CONSIDERATION of the covenants and conditions contained herein, Ryder and
Licensee agree as follows:
1. Ryder hereby grants to Licensee a license to access and utilize that
portion of Ryder Truck Rental's Great Lakes facility (the "Premises") which is
currently being occupied by * .
2. Licensee agrees to pay to Ryder, monthly in advance, on the first day of
each month during the term of this Agreement, a license fee in the amount of *
, prorated for portions of a month.
3. Licensee shall use the Premises for office purposes only. Licensee shall
not bring or permit any hazardous or toxic materials, substances or wastes upon
the Premises. Licensee's use of the Premises shall be in compliance with all
applicable laws, ordinances and governmental rules and regulations and any
reasonable rules and regulations which Ryder may establish from time to time
after reasonable advance written notice to Licensee. Licensee shall not alter
the Premises in any manner. Licensee has inspected the Premises, is satisfied
with the condition thereof, and accepts the Premises in their present "AS IS"
condition.
4. The term of this Agreement and the license granted hereby shall commence
upon the execution of this Agreement by both parties and shall continue from
month to month until terminated by either party upon sixty (60) days prior
written notice to the other party.
5. Licensee agrees to maintain during the term of this Agreement a policy of
general liability insurance for claims and liabilities arising out of Licensee's
use or occupancy of the Premises. Such policies shall have limits of not less
than $1,000,000. Prior to Licensee's use or occupancy of the Premises, Licensee
shall provide Ryder with a certificate evidencing the coverage required by this
paragraph and naming Ryder as an additional insured.
6. Ryder shall have the right to terminate this Agreement and the license
granted hereby upon thirty (30) days prior notice to Licensee in the event of a
breach of any covenant or agreement of
* CONFIDENTIAL PORTIONS OMITTED AND FILED SEPARATELY WITH THE COMMISSION
PURSUANT TO AN APPLICATION FOR CONFIDENTIAL TREATMENT PURSUANT TO RULE 406 UNDER
THE SECURITIES ACT OF 1933, AS AMENDED.
Licensee contained in this Agreement which is not cured within such thirty (30)
day period.
7. Ryder shall incur no liability to Licensee for failure or inability of
Licensee to use the Premises due to any cause beyond Ryder's control, whether
existing now or hereafter, however Ryder will use reasonable efforts to minimize
any interruption in Licensee's use of the Premises.
8. Notices given hereunder shall be in writing, shall be given at the
addresses set forth below each parties' signature hereon and shall be deemed
effective when actually received by the addressee by personal delivery,
certified mail or recognized overnight delivery service.
9. This Agreement and the license granted hereby are personal to Licensee and
are not assignable by Licensee. No waivers, alterations or modifications of
this Agreement shall be valid unless in writing and duly executed by both
parties. This Agreement, including the Exhibit, and that certain Asset and
Stock Purchase Agreement dated as of September 19, 1996 between Ryder and
Licensee constitute the entire agreement of the parties regarding the Premises
and supersede all previous negotiations and commitments, whether written or
oral.
IN WITNESS WHEREOF, this Agreement has been executed on behalf of the parties by
their duly authorized representatives.
RYDER TRUCK RENTAL, INC. RYDER TRS, INC.
By: /s/ Xxxxxx X. Xxxxx By: /s/ Xxxx Xxxxxxxx
------------------- -----------------
Executive Vice President Vice President &
- Development Asst. Secretary
October 17, 1996 October 17, 1996
Address for notice: Address for notice:
0000 XX 00xx Xxxxxx 0000 XX 00xx Xxxxxx
Xxxxx, Xxxxxxx 00000 Xxxxx, Xxxxxxx 00000
Attn: Properties & Construction (4B) Attention: President
* CONFIDENTIAL PORTIONS OMITTED AND FILED SEPARATELY WITH THE COMMISSION
PURSUANT TO AN APPLICATION FOR CONFIDENTIAL TREATMENT PURSUANT TO RULE 406 UNDER
THE SECURITIES ACT OF 1933, AS AMENDED.
-2-
OFFICE LICENSE AGREEMENT
------------------------
THIS AGREEMENT is entered into as of the 17th day of October, 1996, by and
between RYDER TRUCK RENTAL, INC., c/o Properties and Construction, 0000 XX 00xx
Xxxxxx, Xxxxx, Xxxxxxx 00000 ("Ryder") and Ryder TRS, Inc., whose address is
0000 XX 00xx Xxxxxx, Xxxxx, Xxxxxxx ("Licensee").
IN CONSIDERATION of the covenants and conditions contained herein, Ryder and
Licensee agree as follows:
1. Ryder hereby grants to Licensee a license to access and utilize that
portion of Ryder Truck Rental's facility located at Dunmore, Pennsylvania (the
"Premises") which is currently being occupied by * .
2. Licensee agrees to pay to Ryder, monthly in advance, on the first day of
each month during the term of this Agreement, a license fee in the amount of *
, prorated for portions of a month.
3. Licensee shall use the Premises for office purposes only. Licensee shall
not bring or permit any hazardous or toxic materials, substances or wastes upon
the Premises. Licensee's use of the Premises shall be in compliance with all
applicable laws, ordinances and governmental rules and regulations and any
reasonable rules and regulations which Ryder may establish from time to time
after reasonable advance written notice to Licensee. Licensee shall not alter
the Premises in any manner. Licensee has inspected the Premises, is satisfied
with the condition thereof, and accepts the Premises in their present "AS IS"
condition.
4. The term of this Agreement and the license granted hereby shall commence
upon the execution of this Agreement by both parties and shall continue from
month to month until terminated by either party upon sixty (60) days prior
written notice to the other party.
5. Licensee agrees to maintain during the term of this Agreement a policy of
general liability insurance for claims and liabilities arising out of Licensee's
use or occupancy of the Premises. Such policies shall have limits of not less
than $1,000,000. Prior to Licensee's use or occupancy of the Premises, Licensee
shall provide Ryder with a certificate evidencing the coverage required by this
paragraph and naming Ryder as an additional insured.
6. Ryder shall have the right to terminate this Agreement and the license
granted hereby upon thirty (30) days prior notice to Licensee in the event of a
breach of any covenant or agreement of
* CONFIDENTIAL PORTIONS OMITTED AND FILED SEPARATELY WITH THE COMMISSION
PURSUANT TO AN APPLICATION FOR CONFIDENTIAL TREATMENT PURSUANT TO RULE 406 UNDER
THE SECURITIES ACT OF 1933, AS AMENDED.
Licensee contained in this Agreement which is not cured within such thirty (30)
day period.
7. Ryder shall incur no liability to Licensee for failure or inability of
Licensee to use the Premises due to any cause beyond Ryder's control, whether
existing now or hereafter, however Ryder will use reasonable efforts to minimize
any interruption in Licensee's use of the Premises.
8. Notices given hereunder shall be in writing, shall be given at the
addresses set forth below each parties' signature hereon and shall be deemed
effective when actually received by the addressee by personal delivery,
certified mail or recognized overnight delivery service.
9. This Agreement and the license granted hereby are personal to Licensee and
are not assignable by Licensee. No waivers, alterations or modifications of
this Agreement shall be valid unless in writing and duly executed by both
parties. This Agreement, including the Exhibit, and that certain Asset and
Stock Purchase Agreement dated as of September 19, 1996 between Ryder and
Licensee constitute the entire agreement of the parties regarding the Premises
and supersede all previous negotiations and commitments, whether written or
oral.
IN WITNESS WHEREOF, this Agreement has been executed on behalf of the parties by
their duly authorized representatives.
RYDER TRUCK RENTAL, INC. RYDER TRS, INC.
By: /s/ Xxxxxx X. Xxxxx By: /s/ Xxxx Xxxxxxxx
------------------- -----------------
Executive Vice President Vice President &
- Development Asst. Secretary
October 17, 1996 October 17, 1996
Address for notice: Address for notice:
0000 XX 00xx Xxxxxx 0000 XX 00xx Xxxxxx
Xxxxx, Xxxxxxx 00000 Xxxxx, Xxxxxxx 00000
Attn: Properties & Construction (4B) Attention: President
* CONFIDENTIAL PORTIONS OMITTED AND FILED SEPARATELY WITH THE COMMISSION
PURSUANT TO AN APPLICATION FOR CONFIDENTIAL TREATMENT PURSUANT TO RULE 406 UNDER
THE SECURITIES ACT OF 1933, AS AMENDED.
-2-
OFFICE LICENSE AGREEMENT
------------------------
THIS AGREEMENT is entered into as of the 17th day of October, 1996, by and
between RYDER TRUCK RENTAL, INC., c/o Properties and Construction, 0000 XX 00xx
Xxxxxx, Xxxxx, Xxxxxxx 00000 ("Ryder") and Ryder TRS, Inc., whose address is
0000 XX 00xx Xxxxxx, Xxxxx, Xxxxxxx ("Licensee").
IN CONSIDERATION of the covenants and conditions contained herein, Ryder and
Licensee agree as follows:
1. Ryder hereby grants to Licensee a license to access and utilize that
portion of Ryder Truck Rental's facility located at Xxxx Ridge, Illinois (the
"Premises") which is currently being occupied by * .
2. Licensee agrees to pay to Ryder, monthly in advance, on the first day of
each month during the term of this Agreement, a license fee in the amount of *
, prorated for portions of a month.
3. Licensee shall use the Premises for office purposes only. Licensee shall
not bring or permit any hazardous or toxic materials, substances or wastes upon
the Premises. Licensee's use of the Premises shall be in compliance with all
applicable laws, ordinances and governmental rules and regulations and any
reasonable rules and regulations which Ryder may establish from time to time
after reasonable advance written notice to Licensee. Licensee shall not alter
the Premises in any manner. Licensee has inspected the Premises, is satisfied
with the condition thereof, and accepts the Premises in their present "AS IS"
condition.
4. The term of this Agreement and the license granted hereby shall commence
upon the execution of this Agreement by both parties and shall continue from
month to month until terminated by either party upon sixty (60) days prior
written notice to the other party.
5. Licensee agrees to maintain during the term of this Agreement a policy of
general liability insurance for claims and liabilities arising out of Licensee's
use or occupancy of the Premises. Such policies shall have limits of not less
than $1,000,000. Prior to Licensee's use or occupancy of the Premises, Licensee
shall provide Ryder with a certificate evidencing the coverage required by this
paragraph and naming Ryder as an additional insured.
6. Ryder shall have the right to terminate this Agreement and the license
granted hereby upon thirty (30) days prior notice to Licensee in the event of a
breach of any covenant or agreement of
* CONFIDENTIAL PORTIONS OMITTED AND FILED SEPARATELY WITH THE COMMISSION
PURSUANT TO AN APPLICATION FOR CONFIDENTIAL TREATMENT PURSUANT TO RULE 406 UNDER
THE SECURITIES ACT OF 1933, AS AMENDED.
Licensee contained in this Agreement which is not cured within such thirty (30)
day period.
7. Ryder shall incur no liability to Licensee for failure or inability of
Licensee to use the Premises due to any cause beyond Ryder's control, whether
existing now or hereafter, however Ryder will use reasonable efforts to minimize
any interruption in Licensee's use of the Premises.
8. Notices given hereunder shall be in writing, shall be given at the
addresses set forth below each parties' signature hereon and shall be deemed
effective when actually received by the addressee by personal delivery,
certified mail or recognized overnight delivery service.
9. This Agreement and the license granted hereby are personal to Licensee and
are not assignable by Licensee. No waivers, alterations or modifications of
this Agreement shall be valid unless in writing and duly executed by both
parties. This Agreement, including the Exhibit, and that certain Asset and
Stock Purchase Agreement dated as of September 19, 1996 between Ryder and
Licensee constitute the entire agreement of the parties regarding the Premises
and supersede all previous negotiations and commitments, whether written or
oral.
IN WITNESS WHEREOF, this Agreement has been executed on behalf of the parties by
their duly authorized representatives.
RYDER TRUCK RENTAL, INC. RYDER TRS, INC.
By: /s/ Xxxxxx X. Xxxxx By: /s/ Xxxx Xxxxxxxx
------------------- -----------------
Executive Vice President Vice President &
- Development Asst. Secretary
October 17, 1996 October 17, 1996
Address for notice: Address for notice:
0000 XX 00xx Xxxxxx 0000 XX 00xx Xxxxxx
Xxxxx, Xxxxxxx 00000 Xxxxx, Xxxxxxx 00000
Attn: Properties & Construction (4B) Attention: President
* CONFIDENTIAL PORTIONS OMITTED AND FILED SEPARATELY WITH THE COMMISSION
PURSUANT TO AN APPLICATION FOR CONFIDENTIAL TREATMENT PURSUANT TO RULE 406 UNDER
THE SECURITIES ACT OF 1933, AS AMENDED.
-2-
OFFICE LICENSE AGREEMENT
------------------------
THIS AGREEMENT is entered into as of the 17th day of October, 1996, by and
between RYDER TRUCK RENTAL, INC., c/o Properties and Construction, 0000 XX 00xx
Xxxxxx, Xxxxx, Xxxxxxx 00000 ("Ryder") and Ryder TRS, Inc., whose address is
0000 XX 00xx Xxxxxx, Xxxxx, Xxxxxxx ("Licensee").
IN CONSIDERATION of the covenants and conditions contained herein, Ryder and
Licensee agree as follows:
1. Ryder hereby grants to Licensee a license to access and utilize that
portion of Ryder Truck Rental's facility located at Des Moines, Iowa (the
"Premises") which is currently being occupied by * .
2. Licensee agrees to pay to Ryder, monthly in advance, on the first day of
each month during the term of this Agreement, a license fee in the amount of *
, prorated for portions of a month.
3. Licensee shall use the Premises for office purposes only. Licensee shall
not bring or permit any hazardous or toxic materials, substances or wastes upon
the Premises. Licensee's use of the Premises shall be in compliance with all
applicable laws, ordinances and governmental rules and regulations and any
reasonable rules and regulations which Ryder may establish from time to time
after reasonable advance written notice to Licensee. Licensee shall not alter
the Premises in any manner. Licensee has inspected the Premises, is satisfied
with the condition thereof, and accepts the Premises in their present "AS IS"
condition.
4. The term of this Agreement and the license granted hereby shall commence
upon the execution of this Agreement by both parties and shall continue from
month to month until terminated by either party upon sixty (60) days prior
written notice to the other party.
5. Licensee agrees to maintain during the term of this Agreement a policy of
general liability insurance for claims and liabilities arising out of Licensee's
use or occupancy of the Premises. Such policies shall have limits of not less
than $1,000,000. Prior to Licensee's use or occupancy of the Premises, Licensee
shall provide Ryder with a certificate evidencing the coverage required by this
paragraph and naming Ryder as an additional insured.
6. Ryder shall have the right to terminate this Agreement and the license
granted hereby upon thirty (30) days prior notice to Licensee in the event of a
breach of any covenant or agreement of
* CONFIDENTIAL PORTIONS OMITTED AND FILED SEPARATELY WITH THE COMMISSION
PURSUANT TO AN APPLICATION FOR CONFIDENTIAL TREATMENT PURSUANT TO RULE 406 UNDER
THE SECURITIES ACT OF 1933, AS AMENDED.
Licensee contained in this Agreement which is not cured within such thirty (30)
day period.
7. Ryder shall incur no liability to Licensee for failure or inability of
Licensee to use the Premises due to any cause beyond Ryder's control, whether
existing now or hereafter, however Ryder will use reasonable efforts to minimize
any interruption in Licensee's use of the Premises.
8. Notices given hereunder shall be in writing, shall be given at the
addresses set forth below each parties' signature hereon and shall be deemed
effective when actually received by the addressee by personal delivery,
certified mail or recognized overnight delivery service.
9. This Agreement and the license granted hereby are personal to Licensee and
are not assignable by Licensee. No waivers, alterations or modifications of
this Agreement shall be valid unless in writing and duly executed by both
parties. This Agreement, including the Exhibit, and that certain Asset and
Stock Purchase Agreement dated as of September 19, 1996 between Ryder and
Licensee constitute the entire agreement of the parties regarding the Premises
and supersede all previous negotiations and commitments, whether written or
oral.
IN WITNESS WHEREOF, this Agreement has been executed on behalf of the parties by
their duly authorized representatives.
RYDER TRUCK RENTAL, INC. RYDER TRS, INC.
By: /s/ Xxxxxx X. Xxxxx By: /s/ Xxxx Xxxxxxxx
------------------- -----------------
Executive Vice President Vice President &
- Development Asst. Secretary
October 17, 1996 October 17, 1996
Address for notice: Address for notice:
0000 XX 00xx Xxxxxx 0000 XX 00xx Xxxxxx
Xxxxx, Xxxxxxx 00000 Xxxxx, Xxxxxxx 00000
Attn: Properties & Construction (4B) Attention: President
* CONFIDENTIAL PORTIONS OMITTED AND FILED SEPARATELY WITH THE COMMISSION
PURSUANT TO AN APPLICATION FOR CONFIDENTIAL TREATMENT PURSUANT TO RULE 406 UNDER
THE SECURITIES ACT OF 1933, AS AMENDED.
-2-
OFFICE LICENSE AGREEMENT
------------------------
THIS AGREEMENT is entered into as of the 17th day of October, 1996, by and
between RYDER TRUCK RENTAL, INC., c/o Properties and Construction, 0000 XX 00xx
Xxxxxx, Xxxxx, Xxxxxxx 00000 ("Ryder") and Ryder TRS, Inc., whose address is
0000 XX 00xx Xxxxxx, Xxxxx, Xxxxxxx ("Licensee").
IN CONSIDERATION of the covenants and conditions contained herein, Ryder and
Licensee agree as follows:
1. Ryder hereby grants to Licensee a license to access and utilize that
portion of Ryder Truck Rental's facility located at Davenport, Iowa (the
"Premises") which is currently being occupied by * .
2. Licensee agrees to pay to Ryder, monthly in advance, on the first day of
each month during the term of this Agreement, a license fee in the amount of *
, prorated for portions of a month.
3. Licensee shall use the Premises for office purposes only. Licensee shall
not bring or permit any hazardous or toxic materials, substances or wastes upon
the Premises. Licensee's use of the Premises shall be in compliance with all
applicable laws, ordinances and governmental rules and regulations and any
reasonable rules and regulations which Ryder may establish from time to time
after reasonable advance written notice to Licensee. Licensee shall not alter
the Premises in any manner. Licensee has inspected the Premises, is satisfied
with the condition thereof, and accepts the Premises in their present "AS IS"
condition.
4. The term of this Agreement and the license granted hereby shall commence
upon the execution of this Agreement by both parties and shall continue from
month to month until terminated by either party upon sixty (60) days prior
written notice to the other party.
5. Licensee agrees to maintain during the term of this Agreement a policy of
general liability insurance for claims and liabilities arising out of Licensee's
use or occupancy of the Premises. Such policies shall have limits of not less
than $1,000,000. Prior to Licensee's use or occupancy of the Premises, Licensee
shall provide Ryder with a certificate evidencing the coverage required by this
paragraph and naming Ryder as an additional insured.
6. Ryder shall have the right to terminate this Agreement and the license
granted hereby upon thirty (30) days prior notice to Licensee in the event of a
breach of any covenant or agreement of
* CONFIDENTIAL PORTIONS OMITTED AND FILED SEPARATELY WITH THE COMMISSION
PURSUANT TO AN APPLICATION FOR CONFIDENTIAL TREATMENT PURSUANT TO RULE 406 UNDER
THE SECURITIES ACT OF 1933, AS AMENDED.
Licensee contained in this Agreement which is not cured within such thirty (30)
day period.
7. Ryder shall incur no liability to Licensee for failure or inability of
Licensee to use the Premises due to any cause beyond Ryder's control, whether
existing now or hereafter, however Ryder will use reasonable efforts to minimize
any interruption in Licensee's use of the Premises.
8. Notices given hereunder shall be in writing, shall be given at the
addresses set forth below each parties' signature hereon and shall be deemed
effective when actually received by the addressee by personal delivery,
certified mail or recognized overnight delivery service.
9. This Agreement and the license granted hereby are personal to Licensee and
are not assignable by Licensee. No waivers, alterations or modifications of
this Agreement shall be valid unless in writing and duly executed by both
parties. This Agreement, including the Exhibit, and that certain Asset and
Stock Purchase Agreement dated as of September 19, 1996 between Ryder and
Licensee constitute the entire agreement of the parties regarding the Premises
and supersede all previous negotiations and commitments, whether written or
oral.
IN WITNESS WHEREOF, this Agreement has been executed on behalf of the parties by
their duly authorized representatives.
RYDER TRUCK RENTAL, INC. RYDER TRS, INC.
By: /s/ Xxxxxx X. Xxxxx By: /s/ Xxxx Xxxxxxxx
------------------- -----------------
Executive Vice President Vice President &
- Development Asst. Secretary
October 17, 1996 October 17, 1996
Address for notice: Address for notice:
0000 XX 00xx Xxxxxx 0000 XX 00xx Xxxxxx
Xxxxx, Xxxxxxx 00000 Xxxxx, Xxxxxxx 00000
Attn: Properties & Construction (4B) Attention: President
* CONFIDENTIAL PORTIONS OMITTED AND FILED SEPARATELY WITH THE COMMISSION
PURSUANT TO AN APPLICATION FOR CONFIDENTIAL TREATMENT PURSUANT TO RULE 406 UNDER
THE SECURITIES ACT OF 1933, AS AMENDED.
-2-
OFFICE LICENSE AGREEMENT
------------------------
THIS AGREEMENT is entered into as of the 17th day of October, 1996, by and
between RYDER TRUCK RENTAL, INC., c/o Properties and Construction, 0000 XX 00xx
Xxxxxx, Xxxxx, Xxxxxxx 00000 ("Ryder") and Ryder TRS, Inc., whose address is
0000 XX 00xx Xxxxxx, Xxxxx, Xxxxxxx ("Licensee").
IN CONSIDERATION of the covenants and conditions contained herein, Ryder and
Licensee agree as follows:
1. Ryder hereby grants to Licensee a license to access and utilize that
portion of Ryder Truck Rental's facility located at Irving, Texas (the
"Premises") which is currently being occupied by * .
2. Licensee agrees to pay to Ryder, monthly in advance, on the first day of
each month during the term of this Agreement, a license fee in the amount of
*, prorated for portions of a month.
3. Licensee shall use the Premises for office purposes only. Licensee shall
not bring or permit any hazardous or toxic materials, substances or wastes upon
the Premises. Licensee's use of the Premises shall be in compliance with all
applicable laws, ordinances and governmental rules and regulations and any
reasonable rules and regulations which Ryder may establish from time to time
after reasonable advance written notice to Licensee. Licensee shall not alter
the Premises in any manner. Licensee has inspected the Premises, is satisfied
with the condition thereof, and accepts the Premises in their present "AS IS"
condition.
4. The term of this Agreement and the license granted hereby shall commence
upon the execution of this Agreement by both parties and shall continue from
month to month until terminated by either party upon sixty (60) days prior
written notice to the other party.
5. Licensee agrees to maintain during the term of this Agreement a policy of
general liability insurance for claims and liabilities arising out of Licensee's
use or occupancy of the Premises. Such policies shall have limits of not less
than $1,000,000. Prior to Licensee's use or occupancy of the Premises, Licensee
shall provide Ryder with a certificate evidencing the coverage required by this
paragraph and naming Ryder as an additional insured.
6. Ryder shall have the right to terminate this Agreement and the license
granted hereby upon thirty (30) days prior notice to Licensee in the event of a
breach of any covenant or agreement of
* CONFIDENTIAL PORTIONS OMITTED AND FILED SEPARATELY WITH THE COMMISSION
PURSUANT TO AN APPLICATION FOR CONFIDENTIAL TREATMENT PURSUANT TO RULE 406 UNDER
THE SECURITIES ACT OF 1933, AS AMENDED.
Licensee contained in this Agreement which is not cured within such thirty (30)
day period.
7. Ryder shall incur no liability to Licensee for failure or inability of
Licensee to use the Premises due to any cause beyond Ryder's control, whether
existing now or hereafter, however Ryder will use reasonable efforts to minimize
any interruption in Licensee's use of the Premises.
8. Notices given hereunder shall be in writing, shall be given at the
addresses set forth below each parties' signature hereon and shall be deemed
effective when actually received by the addressee by personal delivery,
certified mail or recognized overnight delivery service.
9. This Agreement and the license granted hereby are personal to Licensee and
are not assignable by Licensee. No waivers, alterations or modifications of
this Agreement shall be valid unless in writing and duly executed by both
parties. This Agreement, including the Exhibit, and that certain Asset and
Stock Purchase Agreement dated as of September 19, 1996 between Ryder and
Licensee constitute the entire agreement of the parties regarding the Premises
and supersede all previous negotiations and commitments, whether written or
oral.
IN WITNESS WHEREOF, this Agreement has been executed on behalf of the parties by
their duly authorized representatives.
RYDER TRUCK RENTAL, INC. RYDER TRS, INC.
By: /s/ Xxxxxx X. Xxxxx By: /s/ Xxxx Xxxxxxxx
------------------- -----------------
Executive Vice President Vice President &
- Development Asst. Secretary
October 17, 1996 October 17, 1996
Address for notice: Address for notice:
0000 XX 00xx Xxxxxx 0000 XX 00xx Xxxxxx
Xxxxx, Xxxxxxx 00000 Xxxxx, Xxxxxxx 00000
Attn: Properties & Construction (4B) Attention: President
* CONFIDENTIAL PORTIONS OMITTED AND FILED SEPARATELY WITH THE COMMISSION
PURSUANT TO AN APPLICATION FOR CONFIDENTIAL TREATMENT PURSUANT TO RULE 406 UNDER
THE SECURITIES ACT OF 1933, AS AMENDED.
-2-
OFFICE LICENSE AGREEMENT
------------------------
THIS AGREEMENT is entered into as of the 17th day of October, 1996, by and
between RYDER TRUCK RENTAL, INC., c/o Properties and Construction, 0000 XX 00xx
Xxxxxx, Xxxxx, Xxxxxxx 00000 ("Ryder") and Ryder TRS, Inc., whose address is
0000 XX 00xx Xxxxxx, Xxxxx, Xxxxxxx ("Licensee").
IN CONSIDERATION of the covenants and conditions contained herein, Ryder and
Licensee agree as follows:
1. Ryder hereby grants to Licensee a license to access and utilize that
portion of Ryder Truck Rental's facility located at Tulsa, Oklahoma (the
"Premises") which is currently being occupied by * .
2. Licensee agrees to pay to Ryder, monthly in advance, on the first day of
each month during the term of this Agreement, a license fee in the amount of
*, prorated for portions of a month.
3. Licensee shall use the Premises for office purposes only. Licensee shall
not bring or permit any hazardous or toxic materials, substances or wastes upon
the Premises. Licensee's use of the Premises shall be in compliance with all
applicable laws, ordinances and governmental rules and regulations and any
reasonable rules and regulations which Ryder may establish from time to time
after reasonable advance written notice to Licensee. Licensee shall not alter
the Premises in any manner. Licensee has inspected the Premises, is satisfied
with the condition thereof, and accepts the Premises in their present "AS IS"
condition.
4. The term of this Agreement and the license granted hereby shall commence
upon the execution of this Agreement by both parties and shall continue from
month to month until terminated by either party upon sixty (60) days prior
written notice to the other party.
5. Licensee agrees to maintain during the term of this Agreement a policy of
general liability insurance for claims and liabilities arising out of Licensee's
use or occupancy of the Premises. Such policies shall have limits of not less
than $1,000,000. Prior to Licensee's use or occupancy of the Premises, Licensee
shall provide Ryder with a certificate evidencing the coverage required by this
paragraph and naming Ryder as an additional insured.
6. Ryder shall have the right to terminate this Agreement and the license
granted hereby upon thirty (30) days prior notice to Licensee in the event of a
breach of any covenant or agreement of
* CONFIDENTIAL PORTIONS OMITTED AND FILED SEPARATELY WITH THE COMMISSION
PURSUANT TO AN APPLICATION FOR CONFIDENTIAL TREATMENT PURSUANT TO RULE 406 UNDER
THE SECURITIES ACT OF 1933, AS AMENDED.
Licensee contained in this Agreement which is not cured within such thirty (30)
day period.
7. Ryder shall incur no liability to Licensee for failure or inability of
Licensee to use the Premises due to any cause beyond Ryder's control, whether
existing now or hereafter, however Ryder will use reasonable efforts to minimize
any interruption in Licensee's use of the Premises.
8. Notices given hereunder shall be in writing, shall be given at the
addresses set forth below each parties' signature hereon and shall be deemed
effective when actually received by the addressee by personal delivery,
certified mail or recognized overnight delivery service.
9. This Agreement and the license granted hereby are personal to Licensee and
are not assignable by Licensee. No waivers, alterations or modifications of
this Agreement shall be valid unless in writing and duly executed by both
parties. This Agreement, including the Exhibit, and that certain Asset and
Stock Purchase Agreement dated as of September 19, 1996 between Ryder and
Licensee constitute the entire agreement of the parties regarding the Premises
and supersede all previous negotiations and commitments, whether written or
oral.
IN WITNESS WHEREOF, this Agreement has been executed on behalf of the parties by
their duly authorized representatives.
RYDER TRUCK RENTAL, INC. RYDER TRS, INC.
By: /s/ Xxxxxx X. Xxxxx By: /s/ Xxxx Xxxxxxxx
------------------- -----------------
Executive Vice President Vice President &
- Development Asst. Secretary
October 17, 1996 October 17, 1996
Address for notice: Address for notice:
0000 XX 00xx Xxxxxx 0000 XX 00xx Xxxxxx
Xxxxx, Xxxxxxx 00000 Xxxxx, Xxxxxxx 00000
Attn: Properties & Construction (4B) Attention: President
* CONFIDENTIAL PORTIONS OMITTED AND FILED SEPARATELY WITH THE COMMISSION
PURSUANT TO AN APPLICATION FOR CONFIDENTIAL TREATMENT PURSUANT TO RULE 406 UNDER
THE SECURITIES ACT OF 1933, AS AMENDED.
-2-
OFFICE LICENSE AGREEMENT
------------------------
THIS AGREEMENT is entered into as of the 17th day of October, 1996, by and
between RYDER TRUCK RENTAL, INC., c/o Properties and Construction, 0000 XX 00xx
Xxxxxx, Xxxxx, Xxxxxxx 00000 ("Ryder") and Ryder TRS, Inc., whose address is
0000 XX 00xx Xxxxxx, Xxxxx, Xxxxxxx ("Licensee").
IN CONSIDERATION of the covenants and conditions contained herein, Ryder and
Licensee agree as follows:
1. Ryder hereby grants to Licensee a license to access and utilize that
portion of Ryder Truck Rental's facility located at Houston, Texas (the
"Premises") which is currently being occupied by * .
2. Licensee agrees to pay to Ryder, monthly in advance, on the first day of
each month during the term of this Agreement, a license fee in the amount of
*, prorated for portions of a month.
3. Licensee shall use the Premises for office purposes only. Licensee shall
not bring or permit any hazardous or toxic materials, substances or wastes upon
the Premises. Licensee's use of the Premises shall be in compliance with all
applicable laws, ordinances and governmental rules and regulations and any
reasonable rules and regulations which Ryder may establish from time to time
after reasonable advance written notice to Licensee. Licensee shall not alter
the Premises in any manner. Licensee has inspected the Premises, is satisfied
with the condition thereof, and accepts the Premises in their present "AS IS"
condition.
4. The term of this Agreement and the license granted hereby shall commence
upon the execution of this Agreement by both parties and shall continue from
month to month until terminated by either party upon sixty (60) days prior
written notice to the other party.
5. Licensee agrees to maintain during the term of this Agreement a policy of
general liability insurance for claims and liabilities arising out of Licensee's
use or occupancy of the Premises. Such policies shall have limits of not less
than $1,000,000. Prior to Licensee's use or occupancy of the Premises, Licensee
shall provide Ryder with a certificate evidencing the coverage required by this
paragraph and naming Ryder as an additional insured.
6. Ryder shall have the right to terminate this Agreement and the license
granted hereby upon thirty (30) days prior notice to Licensee in the event of a
breach of any covenant or agreement of
* CONFIDENTIAL PORTIONS OMITTED AND FILED SEPARATELY WITH THE COMMISSION
PURSUANT TO AN APPLICATION FOR CONFIDENTIAL TREATMENT PURSUANT TO RULE 406 UNDER
THE SECURITIES ACT OF 1933, AS AMENDED.
Licensee contained in this Agreement which is not cured within such thirty (30)
day period.
7. Ryder shall incur no liability to Licensee for failure or inability of
Licensee to use the Premises due to any cause beyond Ryder's control, whether
existing now or hereafter, however Ryder will use reasonable efforts to minimize
any interruption in Licensee's use of the Premises.
8. Notices given hereunder shall be in writing, shall be given at the
addresses set forth below each parties' signature hereon and shall be deemed
effective when actually received by the addressee by personal delivery,
certified mail or recognized overnight delivery service.
9. This Agreement and the license granted hereby are personal to Licensee and
are not assignable by Licensee. No waivers, alterations or modifications of
this Agreement shall be valid unless in writing and duly executed by both
parties. This Agreement, including the Exhibit, and that certain Asset and
Stock Purchase Agreement dated as of September 19, 1996 between Ryder and
Licensee constitute the entire agreement of the parties regarding the Premises
and supersede all previous negotiations and commitments, whether written or
oral.
IN WITNESS WHEREOF, this Agreement has been executed on behalf of the parties by
their duly authorized representatives.
RYDER TRUCK RENTAL, INC. RYDER TRS, INC.
By: /s/ Xxxxxx X. Xxxxx By: /s/ Xxxx Xxxxxxxx
------------------- -----------------
Executive Vice President Vice President &
- Development Asst. Secretary
October 17, 1996 October 17, 1996
Address for notice: Address for notice:
0000 XX 00xx Xxxxxx 0000 XX 00xx Xxxxxx
Xxxxx, Xxxxxxx 00000 Xxxxx, Xxxxxxx 00000
Attn: Properties & Construction (4B) Attention: President
* CONFIDENTIAL PORTIONS OMITTED AND FILED SEPARATELY WITH THE COMMISSION
PURSUANT TO AN APPLICATION FOR CONFIDENTIAL TREATMENT PURSUANT TO RULE 406 UNDER
THE SECURITIES ACT OF 1933, AS AMENDED.
-2-
OFFICE LICENSE AGREEMENT
------------------------
THIS AGREEMENT is entered into as of the 17th day of October, 1996, by and
between RYDER TRUCK RENTAL, INC., c/o Properties and Construction, 0000 XX 00xx
Xxxxxx, Xxxxx, Xxxxxxx 00000 ("Ryder") and Ryder TRS, Inc., whose address is
0000 XX 00xx Xxxxxx, Xxxxx, Xxxxxxx ("Licensee").
IN CONSIDERATION of the covenants and conditions contained herein, Ryder and
Licensee agree as follows:
1. Ryder hereby grants to Licensee a license to access and utilize that
portion of Ryder Truck Rental's facility located at San Diego, California (the
"Premises") which is currently being occupied by * .
2. Licensee agrees to pay to Ryder, monthly in advance, on the first day of
each month during the term of this Agreement, a license fee in the amount of
*, prorated for portions of a month.
3. Licensee shall use the Premises for office purposes only. Licensee shall
not bring or permit any hazardous or toxic materials, substances or wastes upon
the Premises. Licensee's use of the Premises shall be in compliance with all
applicable laws, ordinances and governmental rules and regulations and any
reasonable rules and regulations which Ryder may establish from time to time
after reasonable advance written notice to Licensee. Licensee shall not alter
the Premises in any manner. Licensee has inspected the Premises, is satisfied
with the condition thereof, and accepts the Premises in their present "AS IS"
condition.
4. The term of this Agreement and the license granted hereby shall commence
upon the execution of this Agreement by both parties and shall continue from
month to month until terminated by either party upon sixty (60) days prior
written notice to the other party.
5. Licensee agrees to maintain during the term of this Agreement a policy of
general liability insurance for claims and liabilities arising out of Licensee's
use or occupancy of the Premises. Such policies shall have limits of not less
than $1,000,000. Prior to Licensee's use or occupancy of the Premises, Licensee
shall provide Ryder with a certificate evidencing the coverage required by this
paragraph and naming Ryder as an additional insured.
6. Ryder shall have the right to terminate this Agreement and the license
granted hereby upon thirty (30) days prior notice to Licensee in the event of a
breach of any covenant or agreement of
* CONFIDENTIAL PORTIONS OMITTED AND FILED SEPARATELY WITH THE COMMISSION
PURSUANT TO AN APPLICATION FOR CONFIDENTIAL TREATMENT PURSUANT TO RULE 406 UNDER
THE SECURITIES ACT OF 1933, AS AMENDED.
Licensee contained in this Agreement which is not cured within such thirty (30)
day period.
7. Ryder shall incur no liability to Licensee for failure or inability of
Licensee to use the Premises due to any cause beyond Ryder's control, whether
existing now or hereafter, however Ryder will use reasonable efforts to minimize
any interruption in Licensee's use of the Premises.
8. Notices given hereunder shall be in writing, shall be given at the
addresses set forth below each parties' signature hereon and shall be deemed
effective when actually received by the addressee by personal delivery,
certified mail or recognized overnight delivery service.
9. This Agreement and the license granted hereby are personal to Licensee and
are not assignable by Licensee. No waivers, alterations or modifications of
this Agreement shall be valid unless in writing and duly executed by both
parties. This Agreement, including the Exhibit, and that certain Asset and
Stock Purchase Agreement dated as of September 19, 1996 between Ryder and
Licensee constitute the entire agreement of the parties regarding the Premises
and supersede all previous negotiations and commitments, whether written or
oral.
IN WITNESS WHEREOF, this Agreement has been executed on behalf of the parties by
their duly authorized representatives.
RYDER TRUCK RENTAL, INC. RYDER TRS, INC.
By: /s/ Xxxxxx X. Xxxxx By: /s/ Xxxx Xxxxxxxx
------------------- -----------------
Executive Vice President Vice President &
- Development Asst. Secretary
October 17, 1996 October 17, 1996
Address for notice: Address for notice:
0000 XX 00xx Xxxxxx 0000 XX 00xx Xxxxxx
Xxxxx, Xxxxxxx 00000 Xxxxx, Xxxxxxx 00000
Attn: Properties & Construction (4B) Attention: President
* CONFIDENTIAL PORTIONS OMITTED AND FILED SEPARATELY WITH THE COMMISSION
PURSUANT TO AN APPLICATION FOR CONFIDENTIAL TREATMENT PURSUANT TO RULE 406 UNDER
THE SECURITIES ACT OF 1933, AS AMENDED.
-2-
OFFICE LICENSE AGREEMENT
------------------------
THIS AGREEMENT is entered into as of the 17th day of October, 1996, by and
between RYDER TRUCK RENTAL, INC., c/o Properties and Construction, 0000 XX 00xx
Xxxxxx, Xxxxx, Xxxxxxx 00000 ("Ryder") and Ryder TRS, Inc., whose address is
0000 XX 00xx Xxxxxx, Xxxxx, Xxxxxxx ("Licensee").
IN CONSIDERATION of the covenants and conditions contained herein, Ryder and
Licensee agree as follows:
1. Ryder hereby grants to Licensee a license to access and utilize that
portion of Ryder Truck Rental's facility located at 000 Xxxxxxx Xxxxxx Xxxxx,
Xxxx Xxxxxxx, Xxxxxxxxx 00000 (the "Premises") which is currently being occupied
by * .
2. Licensee agrees to pay to Ryder, monthly in advance, on the first day of
each month during the term of this Agreement, a license fee in the amount of
*, prorated for portions of a month.
3. Licensee shall use the Premises for office purposes only. Licensee shall
not bring or permit any hazardous or toxic materials, substances or wastes upon
the Premises. Licensee's use of the Premises shall be in compliance with all
applicable laws, ordinances and governmental rules and regulations and any
reasonable rules and regulations which Ryder may establish from time to time
after reasonable advance written notice to Licensee. Licensee shall not alter
the Premises in any manner. Licensee has inspected the Premises, is satisfied
with the condition thereof, and accepts the Premises in their present "AS IS"
condition.
4. The term of this Agreement and the license granted hereby shall commence
upon the execution of this Agreement by both parties and shall continue from
month to month until terminated by either party upon sixty (60) days prior
written notice to the other party.
5. Licensee agrees to maintain during the term of this Agreement a policy of
general liability insurance for claims and liabilities arising out of Licensee's
use or occupancy of the Premises. Such policies shall have limits of not less
than $1,000,000. Prior to Licensee's use or occupancy of the Premises, Licensee
shall provide Ryder with a certificate evidencing the coverage required by this
paragraph and naming Ryder as an additional insured.
6. Ryder shall have the right to terminate this Agreement and the license
granted hereby upon thirty (30) days prior notice to Licensee in the event of a
breach of any covenant or agreement of
* CONFIDENTIAL PORTIONS OMITTED AND FILED SEPARATELY WITH THE COMMISSION
PURSUANT TO AN APPLICATION FOR CONFIDENTIAL TREATMENT PURSUANT TO RULE 406 UNDER
THE SECURITIES ACT OF 1933, AS AMENDED.
Licensee contained in this Agreement which is not cured within such thirty (30)
day period.
7. Ryder shall incur no liability to Licensee for failure or inability of
Licensee to use the Premises due to any cause beyond Ryder's control, whether
existing now or hereafter, however Ryder will use reasonable efforts to minimize
any interruption in Licensee's use of the Premises.
8. Notices given hereunder shall be in writing, shall be given at the
addresses set forth below each parties' signature hereon and shall be deemed
effective when actually received by the addressee by personal delivery,
certified mail or recognized overnight delivery service.
9. This Agreement and the license granted hereby are personal to Licensee and
are not assignable by Licensee. No waivers, alterations or modifications of
this Agreement shall be valid unless in writing and duly executed by both
parties. This Agreement, including the Exhibit, and that certain Asset and
Stock Purchase Agreement dated as of September 19, 1996 between Ryder and
Licensee constitute the entire agreement of the parties regarding the Premises
and supersede all previous negotiations and commitments, whether written or
oral.
IN WITNESS WHEREOF, this Agreement has been executed on behalf of the parties by
their duly authorized representatives.
RYDER TRUCK RENTAL, INC. RYDER TRS, INC.
By: /s/ Xxxxxx X. Xxxxx By: /s/ Xxxx Xxxxxxxx
------------------- -----------------
Executive Vice President Vice President &
- Development Asst. Secretary
October 17, 1996 October 17, 1996
Address for notice: Address for notice:
0000 XX 00xx Xxxxxx 0000 XX 00xx Xxxxxx
Xxxxx, Xxxxxxx 00000 Xxxxx, Xxxxxxx 00000
Attn: Properties & Construction (4B) Attention: President
* CONFIDENTIAL PORTIONS OMITTED AND FILED SEPARATELY WITH THE COMMISSION
PURSUANT TO AN APPLICATION FOR CONFIDENTIAL TREATMENT PURSUANT TO RULE 406 UNDER
THE SECURITIES ACT OF 1933, AS AMENDED.
-2-
OFFICE LICENSE AGREEMENT
------------------------
THIS AGREEMENT is entered into as of the 17th day of October, 1996, by and
between RYDER TRUCK RENTAL, INC., c/o Properties and Construction, 0000 XX 00xx
Xxxxxx, Xxxxx, Xxxxxxx 00000 ("Ryder") and Ryder TRS, Inc., whose address is
0000 XX 00xx Xxxxxx, Xxxxx, Xxxxxxx ("Licensee").
IN CONSIDERATION of the covenants and conditions contained herein, Ryder and
Licensee agree as follows:
1. Ryder hereby grants to Licensee a license to access and utilize that
portion of Ryder Truck Rental's facility located at Knoxville, Tennessee (the
"Premises") which is currently being occupied by * .
2. Licensee agrees to pay to Ryder, monthly in advance, on the first day of
each month during the term of this Agreement, a license fee in the amount of
*, prorated for portions of a month.
3. Licensee shall use the Premises for office purposes only. Licensee shall
not bring or permit any hazardous or toxic materials, substances or wastes upon
the Premises. Licensee's use of the Premises shall be in compliance with all
applicable laws, ordinances and governmental rules and regulations and any
reasonable rules and regulations which Ryder may establish from time to time
after reasonable advance written notice to Licensee. Licensee shall not alter
the Premises in any manner. Licensee has inspected the Premises, is satisfied
with the condition thereof, and accepts the Premises in their present "AS IS"
condition.
4. The term of this Agreement and the license granted hereby shall commence
upon the execution of this Agreement by both parties and shall continue from
month to month until terminated by either party upon sixty (60) days prior
written notice to the other party.
5. Licensee agrees to maintain during the term of this Agreement a policy of
general liability insurance for claims and liabilities arising out of Licensee's
use or occupancy of the Premises. Such policies shall have limits of not less
than $1,000,000. Prior to Licensee's use or occupancy of the Premises, Licensee
shall provide Ryder with a certificate evidencing the coverage required by this
paragraph and naming Ryder as an additional insured.
6. Ryder shall have the right to terminate this Agreement and the license
granted hereby upon thirty (30) days prior notice to Licensee in the event of a
breach of any covenant or agreement of
* CONFIDENTIAL PORTIONS OMITTED AND FILED SEPARATELY WITH THE COMMISSION
PURSUANT TO AN APPLICATION FOR CONFIDENTIAL TREATMENT PURSUANT TO RULE 406 UNDER
THE SECURITIES ACT OF 1933, AS AMENDED.
Licensee contained in this Agreement which is not cured within such thirty (30)
day period.
7. Ryder shall incur no liability to Licensee for failure or inability of
Licensee to use the Premises due to any cause beyond Ryder's control, whether
existing now or hereafter, however Ryder will use reasonable efforts to minimize
any interruption in Licensee's use of the Premises.
8. Notices given hereunder shall be in writing, shall be given at the
addresses set forth below each parties' signature hereon and shall be deemed
effective when actually received by the addressee by personal delivery,
certified mail or recognized overnight delivery service.
9. This Agreement and the license granted hereby are personal to Licensee and
are not assignable by Licensee. No waivers, alterations or modifications of
this Agreement shall be valid unless in writing and duly executed by both
parties. This Agreement, including the Exhibit, and that certain Asset and
Stock Purchase Agreement dated as of September 19, 1996 between Ryder and
Licensee constitute the entire agreement of the parties regarding the Premises
and supersede all previous negotiations and commitments, whether written or
oral.
IN WITNESS WHEREOF, this Agreement has been executed on behalf of the parties by
their duly authorized representatives.
RYDER TRUCK RENTAL, INC. RYDER TRS, INC.
By: /s/ Xxxxxx X. Xxxxx By: /s/ Xxxx Xxxxxxxx
------------------- -----------------
Executive Vice President Vice President &
- Development Asst. Secretary
October 17, 1996 October 17, 1996
Address for notice: Address for notice:
0000 XX 00xx Xxxxxx 0000 XX 00xx Xxxxxx
Xxxxx, Xxxxxxx 00000 Xxxxx, Xxxxxxx 00000
Attn: Properties & Construction (4B) Attention: President
* CONFIDENTIAL PORTIONS OMITTED AND FILED SEPARATELY WITH THE COMMISSION
PURSUANT TO AN APPLICATION FOR CONFIDENTIAL TREATMENT PURSUANT TO RULE 406 UNDER
THE SECURITIES ACT OF 1933, AS AMENDED.
-2-
