EXHIBIT 10(gg)
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AMENDMENT OF LEASE
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This AMENDMENT OF LEASE (this "Amendment") made as of October 1, 1997 between
EQUITABLE FEDERAL STREET REALTY COMPANY LIMITED PARTNERSHIP, a Massachusetts
limited partnership having an address at Xxx Xxxxxx Xxxxx, Xxxxx 0000, Xxxxxx,
Xxxxxxxxxxxxx 00000 ("Landlord"), and BANKBOSTON, N.A. (formerly named The First
National Bank of Boston), a national banking association duly organized and
existing under the laws of the United States of America having its principal
place of business at 000 Xxxxxxx Xxxxxx, Xxxxxx, Xxxxxxxxxxxxx 00000 ("Tenant").
BACKGROUND
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Landlord and Tenant are Landlord and Tenant, respectively, under an
Indenture of Lease having an effective date as of September 1, 1991 covering
certain premises at 000 Xxxxxxx Xxxxxx, Xxxxxx, Xxxxxxxxxxxxx, as amended to
date (as so amended, the "Lease"). The parties desire to amend the Lease in
certain respects as hereinafter set forth. Capitalized terms not defined herein
shall have the same meaning ascribed to them in the Lease.
WITNESSETH:
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NOW, THEREFORE, Landlord and Tenant hereby agree to amend the Lease as
follows:
1. Effective as of October 1, 1997, there shall be added to the Premises
under the Lease the space located on Floor 1B of the Building shown as Area B on
the plan attached hereto as Exhibit A (the "Additional 1B Space"). The
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Additional 1B Space consists of approximately 1,309 rentable square feet of
space.
2. Except as expressly provided herein, all terms and provisions of the
Lease applicable to the existing space located on Floor 1B of the Building
leased by Tenant under the Lease (the "Existing 1B Premises") shall be
applicable to the Additional 1B Space, except that the Additional 1B Space shall
be leased to Tenant "as is", it being understood that Landlord shall have no
obligation to bring the Additional 1B Space into the condition required by
Schedule COND or into compliance with the Americans With Disabilities Act or to
provide any allowance for the Additional 1B Space.
3. Without limiting the generality of Section 2 of this Amendment of
Lease, commencing on October 1, 1997:
(a) the Additional 1B Space shall be part of Space B under the Lease;
(b) Tenant shall pay Base Rent for the Additional 1B Space at the same
times that such payments are due for the Existing 1B Premises and at
the following per rentable square foot rates for the applicable
periods:
(i) October 1, 1997 through and including August 31, 1998:
$10.00 per rentable square foot,
(ii) September 1, 1998 through and including August 31, 2001:
$12.00 per rentable square foot,
(iii) September 1, 2001 through and including August 31, 2006:
$16.00 per rentable square foot, and
(iv) September 1, 2006 through and including August 31, 2009:
$18.00 per rentable square foot;
(c) Tenant shall make payments on account of Impositions and Operating
Expenses for the Additional 1B Space in the manner provided in Section
2 of Article III of the Lease.
4. Except as only expressly amended hereby, the Lease shall continue in
full force and effect as heretofore.
WITNESS the execution hereof as an instrument under seal as of the date
first above-written.
LANDLORD:
EQUITABLE FEDERAL STREET REALTY COMPANY LIMITED
PARTNERSHIP, a Massachusetts limited partnership
By: 000 Xxxxxxx Xxxxxx Realty
Corporation,its general partner
By: /s/ XXXX XXXXXXX
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Its: Investment Officer
TENANT:
BANKBOSTON, N.A.
By: /s/ XXXXXX X. XXXXXXX
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Its: Director of Corporate Facilities
Management
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Exhibit A
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[Plan Showing Additional 1B Space]