FIRST AMENDMENT TO AIRPORT CORPORATE CENTER OFFICE LEASE
Exhibit 4.64
[**]: THE CONFIDENTIAL PORTION HAS BEEN OMITTED PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT
PREVIOUSLY GRANTED BY THE COMMISSION AND THE OMITTED MATERIAL HAS BEEN FILED SEPARATELY WITH THE
COMMISSION.
FIRST AMENDMENT
TO AIRPORT CORPORATE CENTER OFFICE LEASE
TO AIRPORT CORPORATE CENTER OFFICE LEASE
THIS FIRST AMENDMENT TO AIRPORT CORPORATE CENTER OFFICE LEASE AGREEMENT (“First Amendment”) is
made as of this 1st day of December, 2006, by and between XXXXX REIT AIRPORT CORPORATE
CENTER LLC, a Delaware limited liability company (“Landlord”), and NCL (BAHAMAS) LTD., a Bermuda
company D/B/A NORWEGIAN CRUISE LINE (“Tenant”).
RECITALS
A. Landlord and Tenant entered into that certain Airport Corporate Center Office Lease
Agreement dated December 1, 2006 (the “Lease”), under which Tenant leases 208,737 Rentable Square
Feet (the “Existing Premises”) consisting of: (A) 125,806 Rentable Square Feet in the building
known as 0000 Xxxxxxxxx Xxxxxx Xxxxx (X.X. 00xx Xxxxxx), Xxxxx, Xxxxxxx (“Building 11”),
and (B) 82,931 Rentable Square Feet in the building known as 0000 Xxxxxxxxx Xxxxxx Xxxxx (X.X.
00xx Xxxxxx), Xxxxx, Xxxxxxx (“Building 10”).
B. Landlord and Tenant desire to enter into this First Amendment for the purposes of modifying
the terms of the Lease and for the other purposes set forth herein.
TERMS
NOW THEREFORE, for Ten Dollars ($10.00) and for the covenants and conditions of this
First Amendment, the receipt and sufficiency of which are acknowledged, Landlord and Tenant agree
as follows:
1. Recitals. The foregoing recitals are correct and are incorporated herein by this
reference.
2. Terms. All capitalized terms used herein but not defined herein shall have the
meaning ascribed to them in the Lease.
3. Xxxxxxxx 00 Xxxxx Xxxxx Premises. The Existing Premises include the space
designated as Suite 301 containing 2,321 rentable square feet, and located on the third (3rd) floor
of Building 10 (the “Xxxxxxxx 00 Xxxxx Xxxxx Premises”). Xxx Xxxxxxxx 00 Xxxxx Xxxxx Premises are
currently leased by another tenant (the “Existing Tenant”) under a lease that expires on March 31,
2007 (the “Existing Lease Expiration Date”). Tenant is currently subleasing and occupying the
Xxxxxxxx 00 Xxxxx Xxxxx Premises. Landlord is engaged in negotiations with the Existing Tenant to
terminate such lease with respect to the Xxxxxxxx 00 Xxxxx Xxxxx Premises simultaneously with
Tenant’s termination of the sublease. If, however, the Existing Tenant does not terminate the
Xxxxxxxx 00 Xxxxx Xxxxx Premises on or before December 1, 2006, then the Commencement Date under
the Lease shall be delayed only with respect to the
Xxxxxxxx 00 Xxxxx Xxxxx Premises until such time as the termination or expiration of the Lease
and sublease has occurred.
[SIGNATURES ON FOLLOWING PAGES]
IN WITNESS WHEREOF, the parties have executed this First Amendment as of the day and year
first written above.
TENANT: | ||||||
NCL (BAHAMAS) LTD., a Bermuda company D/B/A NORWEGIAN CRUISE LINE | ||||||
Witnesses: |
||||||
/s/ Xxxxx Xxxxxxx | By: | /s Xxxx X. Xxxxxx | ||||
Print Name:
|
Xxxxx Xxxxxxx | Name: | Xxxx X. Xxxxxx | |||
Title: | Executive Vice President & General Counsel | |||||
/s/ Xxxxxx Xxxxxxx | ||||||
Print Name: |
Xxxxxx Xxxxxxx | |||||
[SIGNATURES CONTINUE ON FOLLOWING PAGE]
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LANDLORD: | |||||||||
XXXXX REIT AIRPORT CORPORATE CENTER LLC, a Delaware limited liability company or its affiliate |
|||||||||
By: | XXXXX REIT PROPERTIES, L.P., a Delaware limited partnership Its Sole Member | ||||||||
By: | XXXXX REAL ESTATE INVESTMENT TRUST, INC., a Maryland corporation Its General Partner | ||||||||
Witnesses: |
|||||||||
/s/ Xxxxx Xxxxxxxxx | By: | /s/ Signature Illegible | |||||||
Print Name: Xxxxx Xxxxxxxxx
|
Xxxxx Apollo | ||||||||
Its: Chief Accounting Officer | |||||||||
/s/ Xxxx Xxxxxx | |||||||||
Print Name: |
Xxxx Xxxxxx | ||||||||
3
Exhibit 4.64
SECOND AMENDMENT
TO AIRPORT CORPORATE CENTER OFFICE LEASE
TO AIRPORT CORPORATE CENTER OFFICE LEASE
THIS SECOND AMENDMENT TO AIRPORT CORPORATE CENTER OFFICE LEASE AGREEMENT (this
“Amendment”) is made as of this 22nd day of March, 2007, by and between XXXXX
REIT AIRPORT CORPORATE CENTER LLC, a Delaware limited liability company (“Landlord”), and
NCL (BAHAMAS) LTD., a Bermuda company D/B/A NORWEGIAN CRUISE LINE (“Tenant”).
RECITALS
A. Landlord and Tenant entered into that certain Airport Corporate Center Office Lease
Agreement dated December 1, 2006, as amended by that certain First Amendment dated December 1, 2006
(the “Lease”), under which Tenant leases 208,737 Rentable Square Feet (the “Existing
Premises”) consisting of: (A) 125,806 Rentable Square Feet in the building known as 0000
Xxxxxxxxx Xxxxxx Xxxxx (X.X. 00xx Xxxxxx), Xxxxx, Xxxxxxx (“Building 11”), and
(B) 82,931 Rentable Square Feet in the building known as 0000 Xxxxxxxxx Xxxxxx Xxxxx (X.X.
00xx Xxxxxx), Xxxxx, Xxxxxxx (“Building 10”).
B. Landlord and Tenant desire to enter into this Amendment for the purposes of expanding the
Existing Premises, modifying the terms of the Lease and for the other purposes set forth herein.
TERMS
NOW THEREFORE, for Ten Dollars ($10.00) and for the covenants and conditions of this
Amendment, the receipt and sufficiency of which are acknowledged, Landlord and Tenant agree as
follows:
1. Recitals. The foregoing recitals are correct and are incorporated herein by this
reference.
2. Terms. All capitalized terms used herein but not defined herein shall have the
meaning ascribed to such terms in the Lease.
3. Expansion. Effective as of April 1, 2007 (the “Expansion Space Commencement
Date”) and continuing through and including January 31, 2019 (the “Expansion Term”),
there shall be added to the Lease the following space (the “Expansion Space”):
4,534 square feet of Rentable Square Feet designated as
Suites 230 and 250 on the second (2nd) floor of Building 10
and as generally described or depicted on Exhibit A,
attached hereto and incorporated herein.
Effective as of the Expansion Space Commencement Date and throughout the Expansion Term: (A) the
term “Leased Premises” shall mean both the Expansion Space and the Existing Premises, which
Landlord and Tenant hereby stipulate to be 213,271 square feet of RSF (which figure shall not be
subject to recalculation or remeasurement), (B) Landlord and Tenant hereby stipulate that the total
Rentable Square Feet of Building 10 is 125,822 (which figure shall not be subject to recalculation
or remeasurement), (C) the Expansion Space and Tenant’s use and occupancy thereof shall be subject
to all of the terms, covenants, conditions and provisions of the Lease, as modified hereby, and (D)
the Expansion Space shall be deemed for all purposes to be a part of the Leased Premises demised
under the Lease.
4. Rental. Tenant’s obligations to pay the Expansion Space Base Rent (as hereinafter
defined) and the Additional Rent for the Expansion Space shall commence on the Expansion Space
Commencement Date. Tenant shall pay Landlord the base rent for the lease of the Expansion Space in
accordance with the terms set forth in Section 10.1 of the Lease and as set forth in Exhibit
B attached hereto and incorporated herein (the “Expansion Space Base Rent”). In
addition to the Expansion Space Base Rent, Tenant shall also be obligated to pay Additional Rent
for the Expansion Space, including, without limitation, Tenant’s pro rata share of Operating
Expenses and parking rental pursuant to the terms of the Lease as amended hereby. The Expansion
Space Base Rent and Additional Rent for the Expansion Space shall be due and payable pursuant to
the terms of the Lease.
5. Tenant Improvement Allowance. Tenant shall receive a prorated tenant improvement
allowance for the Expansion Space in an amount equal to [**] per RSF
within the Expansion Space in accordance with the terms and conditions set forth in Section 10.1 of
the Lease (the “Expansion Allowance”). Tenant shall be solely responsible for the
construction of all leasehold improvements to the Expansion Space, all of which shall be
constructed and performed by Tenant in accordance with the terms and conditions of the Lease,
including in particular with the terms and conditions set forth on Exhibit E to the Lease.
The Expansion Allowance shall be disbursed in the manner specified in Section 5.1(a) of the Lease.
6. Security Deposit. Within ten (10) days after the execution of this Amendment by
Tenant, Tenant shall deliver to Landlord a clean, irrevocable letter of credit (the “Expansion
Letter of Credit”) established in Landlord’s (and its successors’ and assigns’) favor in the
amount of [**] (the “Expansion Letter of Credit Amount”), issued
by a federally insured banking or lending institution reasonably acceptable to Landlord and in the
form and substance of Exhibit H to the Lease. The Expansion Letter of Credit shall specifically
provide for partial draws and shall by its terms be transferable by the beneficiary thereunder. If
Tenant fails to make any payment of rent or other charges due to Landlord under the terms of the
Lease, as amended hereby, or otherwise defaults thereunder, beyond any applicable notice and cure
period, Landlord, at Landlord’s option, may make a demand for payment under the Expansion Letter of
Credit in an amount equal to the amounts then due and owing to Landlord under the Lease, as amended
hereby. In the event that Landlord draws upon the Expansion Letter of Credit, Tenant shall present
to Landlord a replacement Expansion Letter of Credit in the full Expansion Letter of Credit Amount
satisfying all of the terms and conditions of this paragraph within twenty (20) days after receipt
of notice from Landlord of such draw. Tenant’s failure to do so within such 20-day period will
constitute a default under the Lease, as amended hereby, (Tenant hereby waiving any additional
notice and grace or cure period), and upon such default Landlord shall be entitled to immediately
exercise all rights and remedies available to it
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hereunder, at law or in equity. In the event that the Expansion Letter of Credit has an
expiration date earlier than the expiration date of this Amendment and Tenant has not presented to
Landlord a replacement Expansion Letter of Credit which complies with the terms and conditions of
the Lease on or before thirty (30) days prior to the expiration date of any such Expansion Letter
of Credit then held by Landlord, then Tenant shall be deemed in default hereunder and Landlord, in
addition to all other rights and remedies provided for hereunder, shall have the right to draw upon
the Expansion Letter of Credit then held by Landlord and any such amount paid to Landlord by the
issuer of the Expansion Letter of Credit shall be held by Landlord as security for the performance
of Tenant’s obligations hereunder. Any interest earned on such amounts shall be the property of
Landlord. Landlord’s election to draw under the Expansion Letter of Credit and to hold the
proceeds of the drawing under the Expansion Letter of Credit shall not be deemed a cure of any
default by Tenant under the Lease, as amended hereby, and shall not relieve Tenant from its
obligation to present to Landlord a replacement Expansion Letter of Credit which complies with the
terms and conditions of this Amendment. Tenant acknowledges that any proceeds of a draw made under
the Expansion Letter of Credit and thereafter held by Landlord may be used by Landlord to cure or
satisfy any obligation of Tenant hereunder as if such proceeds were instead proceeds of a draw made
under a Expansion Letter of Credit that remained outstanding and in full force and effect at the
time such amounts are applied by Landlord to cure or satisfy any such obligation of Tenant. Tenant
hereby affirmatively disclaims any interest Tenant has, may have, claims to have, or may claim to
have in any proceeds drawn by Landlord under the Expansion Letter of Credit and held in accordance
with the terms hereof. Without limiting the generality of the foregoing, Tenant expressly
acknowledges and agrees that at the end of the term of Lease, as amended hereby (whether by
expiration or earlier termination hereof), and if Tenant is not then in default under the Lease, as
amended hereby, beyond any applicable notice and cure periods, Landlord shall return to the issuer
of the Expansion Letter of Credit or its successor (or as such issuer may direct in writing) any
remaining and unapplied proceeds of any prior draws made under the Expansion Letter of Credit, and
Tenant shall have no rights, residual or otherwise, in or to such proceeds.
7. Termination of Original Lease. Tenant and Landlord hereby agree that the Original
Lease shall be terminated effective at midnight on March 31, 2007 as to Xxxxx 000 xxx Xxxxx 000 xx
Xxxxxxxx 10 only which consists of 4,534 RSF. As such, the parties hereto agree that as of the
Expansion Space Commencement Date the Original Lease only as to Xxxxx 000 xxx Xxxxx 000 xx Xxxxxxxx
10 which consists of 4,534 RSF shall of no further force and effect.
8. Brokers. Tenant hereby warrants that it has had no dealings with any real estate
broker or agent in connection with the negotiation of this Amendment other than Xxxxxxx, Inc. (as
Agent) and Xxxxxxx Realty, Inc. (as subagent of Xxxxxxx, Inc.) representing Tenant, and Xxxxx
Interests Limited Partnership, representing Landlord (collectively, “Broker”). Each party agrees
to indemnify and hold the other party harmless from and against the claims of any real estate
broker, except for that outlined above with Broker, making claims by, through or under such party.
9. Entire Agreement. The Lease, as amended by this Amendment, constitutes the entire
agreement and understanding among the parties with respect to the subject matter hereof. The terms
and conditions of this Amendment may not be changed, altered or modified except by an instrument in
writing signed by the party against whom enforcement of such change would be sought. The Lease, as
amended by this Amendment, shall be binding upon the parties hereto and their respective successors
and permitted assigns.
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10. Miscellaneous.
A. This Amendment shall be construed and governed in accordance with the laws of the State of
Florida. All of the parties to this Amendment have participated fully in the negotiation and
preparation hereof and, accordingly, this Amendment shall not be more strictly construed against
any one of the parties hereto.
B. In the event any term or provision of this Amendment be determined by appropriate judicial
authority to be illegal or otherwise invalid, such provision shall be given its nearest legal
meaning or be construed as deleted as such authority determines, and the remainder of this
Amendment shall be construed to be in full force and effect.
C. In construing this Amendment, the singular shall be held to include the plural, the plural
shall include the singular, and the use of any gender shall include every other and all genders.
D. Descriptive headings contained herein are for convenience only and shall not control or
affect the meaning or construction of any provision of this Amendment.
E. This Amendment may be executed in any number of counterparts and by the separate parties
hereto in separate counterparts, each of which shall be deemed an original, but all of which shall
constitute one and the same instrument.
F. Tenant hereby represents and warrants to Landlord that: (i) Tenant has the full right and
authority to enter into this Amendment; (ii) this Amendment is a binding and valid document
enforceable in accordance with its terms; (iii) Tenant has not assigned, transferred or subleased
its interest in the Leased Premises; and (iv) Tenant has not taken any action that would result in
a lien being filed against the interest of either Landlord or Tenant in the Leased Premises.
G. This Amendment shall be deemed a part of the Lease, but shall take precedence over and
supersede any provisions to the contrary contained in the Lease. Except as modified hereby, all of
the provisions of the Lease, which are not in a conflict with the terms of this Amendment shall
remain in full force and effect, including without limitation Section 8.4 of the Lease (which shall
also apply with respect to all provisions of this Amendment). As modified hereby, the Lease is
hereby ratified and confirmed in all respects.
11. Effect of Delivery. This Amendment shall not be effective, and shall not be
relied upon by either party, until such time as it has been executed by a duly authorized officer
of both Tenant and Landlord and a copy of this Amendment, which has been fully executed by both
Landlord and Tenant, is delivered to Tenant.
12. WAIVER OF JURY TRIAL. TO THE EXTENT PERMITTED BY APPLICABLE LAW, EACH OF THE
PARTIES WAIVE THEIR RESPECTIVE RIGHTS TO A TRIAL BY JURY OF ANY CLAIM OR CAUSE OF ACTION BASED UPON
OR ARISING OUT OF OR RELATED TO THIS AMENDMENT, THE LEASE, ANY OTHER RELATED DOCUMENTS, OR THE
TRANSACTIONS CONTEMPLATED HEREBY, IN ANY ACTION, PROCEEDING OR OTHER LITIGATION OF ANY TYPE BROUGHT
BY ANY OF THE PARTIES AGAINST ANY OTHER PARTY. WITHOUT LIMITING THE FOREGOING, THE PARTIES FURTHER
AGREE THAT THEIR RESPECTIVE RIGHT TO A TRIAL BY
JURY IS WAIVED AS TO ANY ACTION, COUNTERCLAIM OR OTHER PROCEEDING WHICH SEEKS, IN WHOLE OR IN
PART, TO CHALLENGE THE VALIDITY OR ENFORCEABILITY OF THIS AMENDMENT OR THE OTHER RELATED DOCUMENTS
OR ANY PROVISION HEREOF OR THEREOF UNLESS THE FAILURE TO RAISE THE SAME WOULD CONSTITUTE A WAIVER
THEREOF.
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IN WITNESS WHEREOF, the parties have executed this Amendment as of the day and year first
written above.
TENANT: | |||||||
NCL (BAHAMAS) LTD., a Bermuda company D/B/A NORWEGIAN CRUISE LINE |
|||||||
Witnesses: |
|||||||
/s/ Xxxxxx Xxxxxxxxx | By: | /s/ Xxxx X. Xxxxxx | |||||
Print Name:
|
Xxxxxx Xxxxxxxxx | Name: | Xxxx X. Xxxxxx | ||||
Title: | EVP, General Counsel & Assistant Secretary | ||||||
/s/ Xxxxxx Xxxxxxx | |||||||
Print Name: |
Xxxxxx Xxxxxxx | ||||||
LANDLORD: | |||||||||
XXXXX REIT AIRPORT CORPORATE CENTER LLC, a Delaware limited liability company or its affiliate |
|||||||||
By: | XXXXX REIT PROPERTIES, L.P., a Delaware limited partnership Its Sole Member |
||||||||
By: | XXXXX REAL ESTATE INVESTMENT
TRUST, INC., a Maryland corporation Its General Partner |
||||||||
Witnesses: |
|||||||||
/s/ Signature Illegible | By: | /s/ Signature Illegible | |||||||
Print
Name:
|
Xxxxx Apollo | ||||||||
Its: Chief Accounting Officer | |||||||||
/s/ Xxxxx Xxxxxx | |||||||||
Print Name: |
Xxxxx Xxxxxx | ||||||||
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EXHIBIT A
EXPANSION SPACE
EXPANSION SPACE
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EXHIBIT B
EXPANSION SPACE BASE RENT
EXPANSION SPACE BASE RENT
Base Rent | Rentable | |||||
Lease Year | (Per Annum Rate per RSF) | Square Feet | ||||
1* 2 3 |
[**] [**] [**] |
4,534 4,534 4,534 |
||||
4 5 6 |
[**] [**] [**] |
4,534 4,534 4,534 |
||||
7
|
[**] | 4,534 | ||||
8 9 10 |
[**] [**] [**] |
4,534 4,534 4,534 |
||||
11 12 |
[**] [**] |
4,534 4,534 |
||||
13**
|
[**] | 4,534 |
Notes:
|
(a) | Each “Lease Year” is a calendar year of 365/6 days. | ||
(b) | In addition to the Expansion Space Base Rent, Tenant shall also be obligated to pay Additional Rent for the Expansion Space, including, without limitation, Tenant’s pro rata share of Operating Expenses and parking rental pursuant to the terms of the Lease, as amended hereby. | |||
* | The first lease year refers to the eight-month period commencing on the Expansion Space Commencement Date and continuing until November 30, 2007. | |||
** | This lease year is only a two-month period. |
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Exhibit 4.64
THIRD AMENDMENT
TO AIRPORT CORPORATE CENTER OFFICE LEASE
TO AIRPORT CORPORATE CENTER OFFICE LEASE
THIS THIRD AMENDMENT TO AIRPORT CORPORATE CENTER OFFICE LEASE AGREEMENT (this “Amendment”) is
made as of this 31st day of July, 2007 (the “Effective Date”), by and between XXXXX REIT
AIRPORT CORPORATE CENTER LLC, a Delaware limited liability company (“Landlord”), and NCL (BAHAMAS)
LTD., a Bermuda company D/B/A NORWEGIAN CRUISE LINE (“Tenant”).
RECITALS
A. Landlord and Tenant entered into that certain Airport Corporate Center Office Lease
Agreement dated December 1, 2006, as amended by that certain First Amendment dated December 1,
2006, that certain Second Amendment dated March 20, 2007 (collectively, the “Lease”), under which
Tenant leases 213,271 Rentable Square Feet (the “Existing Premises”) consisting of: (A) 125,806
Rentable Square Feet in the building known as 0000 Xxxxxxxxx Xxxxxx Xxxxx (X.X. 00xx
Xxxxxx), Xxxxx, Xxxxxxx, and (B) 87,465 Rentable Square Feet in the building known as 0000
Xxxxxxxxx Xxxxxx Xxxxx (X.X. 00xx Xxxxxx), Xxxxx, Xxxxxxx.
B. Landlord and Tenant desire to enter into this Amendment for the purposes of expanding the
Premises and modifying the terms of the Lease and for the other purposes set forth herein.
TERMS
NOW THEREFORE, for Ten Dollars ($10.00) and for the covenants and conditions of this
Amendment, the receipt and sufficiency of which are acknowledged, Landlord and Tenant agree as
follows:
1. Recitals. The foregoing recitals are correct and are incorporated herein by this
reference.
2. Terms. All capitalized terms used herein but not defined herein shall have the
meaning ascribed to such terms in the Lease.
3. Storage Space. The following space (the “Storage Space”) shall be added to the
Lease, as follows:
(a) Temporary Storage Space. Effective as of July 1, 2007 (the “Storage Space
Commencement Date”), 6,029 square feet of Rentable Square Feet, designated as Bay G, in the
building located at 0000 Xxxxxxxxx Xxxxxx Xxxxx (X.X. 00xx Xxxxxx), Xxxxx, Xxxxxxx
(“Building 7”) and as generally described or depicted on Exhibit A-1, attached hereto and
incorporated herein (the “Temporary Storage Space”) shall be added to the Lease.
(b) Permanent Storage Space. The Landlord shall demise the Permanent Storage Space
(as hereinafter defined) at Landlord’s sole expense. After the Permanent Storage Space (as
hereinafter defined) is demised, the Landlord will provide written notice to Tenant that the
Permanent Storage Space (as hereinafter defined) is ready for immediate occupancy by Tenant (the
“Occupancy Date”). Such Permanent Storage Space is defined as 9,476 square feet of Rentable Square
Feet, designated as Bay B, in the building located at 0000 Xxxxxxxxx Xxxxxx Xxxxx (X.X.
00xx Xxxxxx), Xxxxx, Xxxxxxx (“Building 3”) and as generally described or depicted on
Exhibit A-2, attached hereto and incorporated herein (the “Permanent Storage Space”). Upon
Tenant’s occupancy of the Permanent Storage Space, the Permanent Storage Space shall be added to
the Lease, and the Temporary Storage Space shall be automatically deleted from the Lease, effective
as of the Occupancy Date; provided however, that if Tenant fails to surrender to Landlord the
Temporary Storage Space on or before the Occupancy Date in accordance with the standards for
surrender as set forth in Section 1.5 of the Lease, then Tenant shall be deemed to be in holdover
pursuant to Section 7.7 of the Lease with respect to the Temporary Storage Space.
4. Term. Subject to and upon the terms and conditions set forth herein, or in any
exhibit hereto, the term relating to the lease of Storage Space as set forth in this Amendment
shall commence on the Storage Space Commencement Date and shall expire on June 30, 2012 (the
“Storage Space Term”).
5. Leased Premises. Effective as of the Storage Space Commencement Date and
throughout the Storage Space Term: (A) the term “Leased Premises” shall mean both the Storage Space
(whether it be the Temporary Storage Space or the Permanent Storage Space) and the Existing
Premises, (B) the Storage Space and Tenant’s use and occupancy thereof shall be subject to all of
the terms, covenants, conditions and provisions of the Lease, as modified hereby; and (C) the
Storage Space shall be deemed for all purposes to be a part of the Leased Premises demised under
the Lease.
6. Rental. Tenant’s obligations to pay the Storage Space Base Rental (as hereinafter
defined) and the Additional Rental for the Storage Space shall commence on the Storage Space
Commencement Date. Tenant shall pay Landlord the base rent for the lease of the Storage Space in
accordance with Exhibit B attached hereto and incorporated herein (the “Storage Space Base
Rental”). In addition to the Storage Space Base Rental, Tenant shall also be obligated to pay
Additional Rental for the Storage Space, including, without limitation, Tenant’s Percentage Share
of Storage Space Operating Expenses set forth on Exhibit C attached hereto, pursuant to the
terms of the Lease as amended hereby. The Storage Space Base Rental and Additional Rental for the
Storage Space shall be due and payable pursuant to the terms of the Lease.
7. Utilities. Tenant shall be solely responsible for the maintenance and expenses of
all utilities used or consumed in or servicing the Storage Space (the “Storage Space Utilities”),
including but not limited to water and sewer services, trash removal and janitorial services, and
all costs and charges for gas, steam, electricity, fuel, light, power, telephone, heating,
ventilating and air conditioning services and any other utility or service used or consumed in or
servicing the Storage Space. Tenant shall be solely responsible for promptly paying all rents and
charges for the Storage Space Utilities used or consumed in or servicing the Storage Space and all
other costs and expenses involved in the care, management and use thereof. If Tenant fails to pay
any utility bills or charges, Landlord may, at its option and upon notice to Tenant, pay the same
and in such event, the amount of such payment, together with interest thereon at the interest rate
set
forth in Section 2.1(c) of the Lease, from the date of such payment by Landlord, shall be
added to Tenant’s next due payment as Tenant’s Additional Rental.
2
8. Landlord’s Relocation Right. Upon ninety (90) days’ written notice to Tenant,
Landlord may substitute for the Storage Space other premises in the Project (the “New Premises”),
in which event the New Premises shall be deemed to be the Storage Space for all purposes hereunder,
provided:
(a) The New Premises shall be similar in size and shall either have substantially the same
configuration as the Storage Space or a configuration substantially as usable for the purposes for
which the Storage Space are being used by Tenant or, if possession of the Storage Space has not yet
been delivered to Tenant, then for the purposes for which the Storage Space are to be used by
Tenant;
(b) The Storage Space Base Rental shall not be reduced upon substitution of the New Premises
for the Storage Space, however, Tenant’s Percentage Share of the Storage Space Operating Costs
shall be recalculated and adjusted based on the rentable square feet of the New Premises. At
Landlord’s request, Tenant shall execute an amendment to the Lease confirming the substitution of
the New Premises as the Storage Space.
(c) Tenant shall not be entitled to any compensation for any inconvenience or interference
with Tenant’s business, nor to any abatement or reduction in Rental or other sums payable by Tenant
hereunder, nor shall Tenant’s obligations under this Lease be otherwise affected, as a result of
the substitution of the New Premises, except that Landlord shall pay Tenant’s reasonable relocation
cost to the New Premises. Tenant agrees to reasonably cooperate with Landlord so as to facilitate
the prompt completion by Landlord of its obligations under this Section. Without limiting the
generality of the preceding sentence, Tenant agrees to promptly provide to Landlord reasonably
required approvals, instructions, plans, specifications and other information as may be reasonably
requested by Landlord in connection with such obligations. At Landlord’s request, Tenant shall
execute a supplement to this Lease confirming the substitution of the New Premises for the Storage
Space.
9. As-Is. Tenant accepts the Storage Space in AS-IS condition. Tenant shall be
solely responsible for the construction of any leasehold improvements to the Storage Space, all of
which shall be constructed and performed by Tenant in accordance with the terms and conditions of
the Lease. Tenant shall not install any improvements which are not compatible with Landlord’s
plans and specifications for the Building or which are not approved by Landlord or Landlord’s
architect (which approval shall not be unreasonably withheld so long as these do not affect the
Building structure, the Building systems, and are not visible from the exterior of the Storage
Space).
10. Termination. Upon mutual execution by Tenant and Landlord of an amendment to the
Lease wherein Tenant leases approximately 10,000 to 12,000 square feet in the Project for the
purpose of utilizing such space as a day-care center, Tenant may then elect, upon not less than ten
(10) days’ written notice to Landlord, to terminate the Storage Space, which termination shall be
effective upon Tenant surrendering to Landlord the Storage Space in accordance with the standards
for surrender as set forth in Section 1.5 of the Lease.
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11. Parking. Notwithstanding anything in the Lease to the contrary, Tenant’s lease of
the Storage Space shall not entitle Tenant to any additional parking permits.
12. Signage.
Tenant shall be entitled to Building Standard signage on the facade of
the Building directly outside of the entrance to the Storage Space. Tenant shall be responsible
for all costs incurred in connection with the installation, maintenance and modification of signage
for Tenant.
13. Brokers. Tenant hereby warrants that it has had no dealings with any real estate
broker or agent in connection with the negotiation of this Amendment other than Xxxxxxx Realty,
Inc. representing Tenant, and Xxxxx Interests Limited Partnership, representing Landlord
(collectively, “Broker”). Each party agrees to indemnify and hold the other party harmless from
and against the claims of any real estate broker, except for that outlined above with Broker,
making claims by, through or under such party.
14. Entire Agreement. The Lease, as amended by this Amendment, constitutes the entire
agreement and understanding among the parties with respect to the subject matter hereof. The terms
and conditions of this Amendment may not be changed, altered or modified except by an instrument in
writing signed by the party against whom enforcement of such change would be sought. The Lease, as
amended by this Amendment, shall be binding upon the parties hereto and their respective successors
and permitted assigns.
15. Miscellaneous.
A. This Amendment shall be construed and governed in accordance with the laws of the State of
Florida. All of the parties to this Amendment have participated fully in the negotiation and
preparation hereof and, accordingly; this Amendment shall not be more strictly construed against
any one of the parties hereto.
B. In the event any term or provision of this Amendment be determined by appropriate judicial
authority to be illegal or otherwise invalid, such provision shall be given its nearest legal
meaning or be construed as deleted as such authority determines, and the remainder of this
Amendment shall be construed to be in full force and effect.
C. In construing this Amendment, the singular shall be held to include the plural, the plural
shall include the singular, and the use of any gender shall include every other and all genders.
D. Descriptive headings contained herein are for convenience only and shall not control or
affect the meaning or construction of any provision of this Amendment.
E. This Amendment may be executed in any number of counterparts and by the separate parties
hereto in separate counterparts, each of which shall be deemed an original, but all of which shall
constitute one and the same instrument.
4
F. Tenant hereby represents and warrants to Landlord that: (i) Tenant has the full right and
authority to enter into this Amendment; (ii) this Amendment is a binding and valid document
enforceable in accordance with its terms; (iii) Tenant has not assigned, transferred or
subleased its interest in the Storage Space; and (iv) Tenant has not taken any action that
would result in a lien being filed against the interest of either Landlord or Tenant in the Storage
Space.
G. This Amendment shall be deemed a part of the Lease, but shall take precedence over and
supersede any provisions to the contrary contained in the Lease. Except as modified hereby, all of
the provisions of the Lease, which are not in a conflict with the terms of this Amendment shall
remain in full force and effect, including without limitation Section 8.4 of the Lease (which shall
also apply with respect to all provisions of this Amendment). As modified hereby, the Lease is
hereby ratified and confirmed in all respects.
16. Effect of Delivery. This Amendment shall not be effective, and shall not be
relied upon by either party, until such time as it has been executed by a duly authorized officer
of both Tenant and Landlord and a copy of this Amendment, which has been fully executed by both
Landlord and Tenant, is delivered to Tenant.
17. WAIVER OF JURY TRIAL. TO THE EXTENT PERMITTED BY APPLICABLE LAW, EACH OF THE
PARTIES WAIVE THEIR RESPECTIVE RIGHTS TO A TRIAL BY JURY OF ANY CLAIM OR CAUSE OF ACTION BASED UPON
OR ARISING OUT OF OR RELATED TO THIS AMENDMENT, OR THE LEASE, IN ANY ACTION, PROCEEDING OR OTHER
LITIGATION OF ANY TYPE BROUGHT BY ANY OF THE PARTIES AGAINST THE OTHER PARTY. WITHOUT LIMITING THE
FOREGOING, THE PARTIES FURTHER AGREE THAT THEIR RESPECTIVE RIGHT TO A TRIAL BY JURY IS WAIVED AS TO
ANY ACTION, COUNTERCLAIM OR OTHER PROCEEDING WHICH SEEKS, IN WHOLE OR IN PART, TO CHALLENGE THE
VALIDITY OR ENFORCEABILITY OF THIS AMENDMENT OR THE OTHER RELATED DOCUMENTS OR ANY PROVISION HEREOF
OR THEREOF UNLESS THE FAILURE TO RAISE THE SAME WOULD CONSTITUTE A WAIVER THEREOF.
IN WITNESS WHEREOF, the parties have executed this Amendment as of the day and year first
written above.
TENANT: | ||||||
NCL (BAHAMAS) LTD., a Bermuda company D/B/A NORWEGIAN CRUISE LINE | ||||||
Witnesses: |
||||||
/s/ Xxxxxx Xxxxxxxxx | By: | /s/ Xxxxxx Xxxxx | ||||
Print Name:
|
Xxxxxx Xxxxxxxxx | Name: | Xxxxxx Xxxxx | |||
Title: | Executive Vice President & Chief Financial Officer |
|||||
/s/ Xxxxxxx Xxxx | ||||||
Print Name: |
Xxxxxxx Xxxx | |||||
5
LANDLORD: | |||||||||||
XXXXX REIT AIRPORT CORPORATE CENTER LLC, a Delaware limited liability company or its affiliate |
|||||||||||
By: | XXXXX REIT PROPERTIES, L.P., a Delaware limited partnership Its Sole Member |
||||||||||
By: | XXXXX REAL ESTATE INVESTMENT
TRUST, INC., a Maryland corporation Its General Partner |
||||||||||
Witnesses: |
|||||||||||
By: | |||||||||||
/s/ Ketinna Xxxxxxxx | /s/ Signature Illegible | ||||||||||
Print Name:
|
Ketinna Xxxxxxxx | Name: | |||||||||
Its: | |||||||||||
/s/ Xxxxx Xxxxxxxxx | |||||||||||
Print Name: |
Xxxxx Xxxxxxxxx | ||||||||||
6
EXHIBIT A-1
TEMPORARY STORAGE SPACE
TEMPORARY STORAGE SPACE
7
EXHIBIT A-2
PERMANENT STORAGE SPACE
PERMANENT STORAGE SPACE
8
EXHIBIT B
STORAGE SPACE BASE RENT
STORAGE SPACE BASE RENT
Storage Space Base Rental | ||||
Lease Year | Period | per Lease Year | ||
1
|
07/20/07-11/30/07 | [**] | ||
2
|
12/01/07-11/30/08 | [**] | ||
3
|
12/01/08-11/30/09 | [**] | ||
4
|
12/01/09-11/30/10 | [**] | ||
5
|
12/01/10-11/30/11 | [**] | ||
6
|
12/01/11-06/30/12 | [**] |
Notes:
|
(a) | Lease Year “1” is the period commencing on the Storage Space Commencement Date and continuing until November 30, 2007. | ||
(b) | In addition to the Storage Space Base Rental, Tenant shall also be obligated to pay Additional Rental for the Storage Space, including, without limitation, Tenant’s Percentage Share of Storage Space Operating Expenses and parking rental pursuant to the terms of the Lease, as amended hereby. |
9
EXHIBIT C
STORAGE SPACE OPERATING EXPENSES
(a) Landlord’s predecessor has constructed certain improvements on a certain tract or parcel
of land described in Schedule C-1A (the “TSS Land”) attached hereto and incorporated herein
by this reference, with improvements including a building commonly referred to as “Building 7”,
located at 0000 Xxxxxxxxx Xxxxxx Xxxxx (X.X. 00xx Xxxxxx), Xxxxx, Xxxxxxx (the “TSS
Building”) and the Parking Areas (as defined hereinafter). The TSS Building and all other
improvements located on the TSS Land are hereinafter referred to as the “TSS Property”. Landlord’s
predecessor has also constructed certain improvements on a certain tract or parcel of land
described in Schedule C-1B (the “PSS Land”) attached hereto and incorporated herein by this
reference, with improvements including a building commonly referred to as “Building 3”, located at
0000 Xxxxxxxxx Xxxxxx Xxxxx (X.X. 00xx Xxxxxx), Xxxxx, Xxxxxxx (the “PSS Building”) and
the Parking Areas. The PSS Building and all other improvements located on the PSS Land are
hereinafter referred to as the “PSS Property”. A site plan showing the PSS Property is attached
hereto as Exhibit C-1B. The TSS Building, PSS Building, the Parking Areas, the TSS Land and the
PSS Land are located within, and constitute a portion of the Project. The TSS Property and the PSS
Property are collectively referred to herein as the “Storage Space Property”. The TSS Land and the
PSS Land are collectively referred to herein as the “Storage Space Land”. The TSS Building and the
PSS Building are collectively referred to herein as the “Building”.
(b) “Storage Space Operating Expenses” for each calendar year, shall consist of (i) all
Storage Space Operating Costs (as defined hereinafter) for the Storage Space Property, and (ii) an
amount equal to the sum of the total ownership, management, maintenance, repair, replacement and
operating costs accruing during each such calendar year for other portions of the Project that are
designated or maintained from time to time as common areas, including those areas which are for the
benefit of the occupants of the Project whether or not so designated or maintained as common areas
(net of any contribution received from time to time from the owners of the other portions of the
Project for such expenses), including any amounts imposed upon the Storage Space Property pursuant
to the Declaration.
(c) For the purposes of the Lease, “Storage Space Operating Costs” shall mean all expenses,
costs and accruals (excluding therefrom, however, specific costs billed to or otherwise incurred
for the particular benefit of specific tenants of the Building) of every kind and nature, computed
on an accrual basis, incurred or accrued in connection with, or relating to, the ownership,
operation, management, maintenance, repair and replacement of the Storage Space Property during
each calendar year, including, but not limited to, the following:
(i) | wages and salaries, including taxes, insurance and benefits, of all on and off-site employees engaged in operations, management, maintenance, repair, replacement or access control, as reasonably allocated by Landlord and rent for and expenses associated with the Project’s management office; |
10
(ii) | cost of all supplies, tools, equipment and materials to the extent used in operations, management, maintenance, repairs or replacements, as reasonably allocated by Landlord; | ||
(iii) | cost of all utilities, including, but not limited to, the cost of electricity, the cost of water and the cost of power for heating, lighting, air conditioning and ventilating; | ||
(iv) | the cost of trash and garbage removal, cleaning, vermin extermination and debris removal, and other services; | ||
(v) | cost related to and fees payable under all maintenance, management and service agreements, including, but not limited to, a management fee contribution equal to three percent (3%) of the gross revenues of the Building; | ||
(vi) | costs related to those agreements related to garage operations, window cleaning, janitorial service, pest control and landscaping maintenance; | ||
(vii) | cost of inspections, repairs, maintenance and replacements (except to the extent covered by proceeds of insurance); provided the cost of capital repairs and replacements shall be amortized over such reasonable period of time as Landlord shall determine and only the portion of such costs allocable to any calendar year (plus interest on the unpaid balance of such costs) may be included in the Storage Space Operating Costs for such calendar year; | ||
(viii) | the cost of legal and accounting services incurred by Landlord relating to management and maintenance of the Project but not including any such expenses related to leasing of space in the Project; | ||
(ix) | amortization of the cost (plus interest on the unpaid balance of such costs) of any system, apparatus, device, or equipment which is installed for the principal purpose of (i) reducing Storage Space Operating Expenses, (ii) promoting safety, or (iii) complying with governmental requirements; | ||
(x) | the cost of all insurance, including, but not limited to, the cost of casualty, rental loss and liability insurance, and insurance on Landlord’s personal property, plus the cost of all deductible and co-insurance payments made by Landlord in connection therewith; | ||
(xi) | amounts due under easements, operating agreements, parking operating agreements, declarations, covenants or instruments encumbering the Storage Space Land; | ||
(xii) | reasonable replacement reserves; |
11
(xiii) | cost of maintaining, striping, repairing, replacing, repaving and lighting grounds, streets, parking areas, sidewalks, curbs, walkways, landscaping, drainage and lighting facilities; and | ||
(xiv) | all taxes, assessments and governmental charges, whether or not directly paid by Landlord, whether federal, state, county or municipal and whether they be by taxing districts or authorities presently taxing the Storage Space Land, Storage Space Property, Project, Parking Areas and related common areas or by others subsequently created or otherwise, and any other taxes, assessments and governmental charges attributable to the Storage Space Land, Storage Space Property, Project, Parking Areas and that portion of the common areas or their operation, excluding, however, taxes and assessments attributable to the personal property of other tenants, federal and state taxes on income, death taxes, franchise taxes, and any taxes imposed or measured on or by the income of Landlord from the operation of the Storage Space Property or imposed in connection with any change of ownership of the Storage Space Property. Tenant acknowledges and agrees that Landlord shall have the exclusive right to contest, protest and/or appeal taxes, assessments, levies, impositions on the Project, including the Storage Space Property. Consultation, legal fees and costs resulting from any challenge of tax assessments as reasonably allocated by Landlord shall also be included in Storage Space Operating Costs. It is agreed that Tenant shall be responsible for ad valorem taxes on its personal property and on the value of the Leasehold Improvements in the Storage Space to the extent that the same exceed the Tenant Improvement Allowance (and if the taxing authorities do not separately assess Tenant’s Leasehold Improvements, Landlord may make a reasonable allocation of the ad valorem taxes allocated to the Storage Space Property to give effect to this sentence). In the case of special taxes and assessments which may be payable in installments, only the amount of each installment accruing during a calendar year shall be included in the Storage Space Operating Costs for such year. |
(d) Notwithstanding any language contained herein to the contrary, Tenant hereby agrees that,
during any calendar year in which less than ninety-five percent (95%) of the Building is provided
with Building Standard Services or is less than ninety-five percent (95%) occupied, Landlord shall
compute all Variable Storage Space Operating Costs (as defined hereinafter) for such calendar year
as though ninety-five percent (95%) of the Building were provided with Building standard services
and ninety-five percent (95%) occupancy. For purposes of this Lease the term “Variable Storage
Space Operating Costs” shall mean any operating cost that is variable with the level of occupancy
of the Building, in Landlord’s reasonable judgment. In the event that Landlord excludes from
Storage Space Operating Costs any specific costs billed to or otherwise incurred for the particular
benefit of specific tenants of the Building or to other buildings within the Project, Landlord
shall have the right to increase Storage Space Operating Costs by an amount equal to the cost of
providing Building standard
services similar to the services for which such excluded specific costs were billed or
incurred. In no event shall Landlord receive from all tenants of the Building more than one
hundred percent (100%) of any Storage Space Operating Costs.
12
SCHEDULE C-1A
TSS LAND
TSS LAND
13
SCHEDULE C-1B
PSS LAND
PSS LAND
14
Exhibit 4.64
FOURTH AMENDMENT
TO AIRPORT CORPORATE CENTER OFFICE LEASE
TO AIRPORT CORPORATE CENTER OFFICE LEASE
THIS FOURTH AMENDMENT TO AIRPORT CORPORATE CENTER OFFICE LEASE AGREEMENT (this “Amendment”) is
made as of this 10th day of December, 2007 by and between XXXXX REIT AIRPORT CORPORATE
CENTER LLC, a Delaware limited liability company (“Landlord”), and NCL (BAHAMAS) LTD., a Bermuda
company D/B/A NORWEGIAN CRUISE LINE (“Tenant”).
RECITALS
A. Landlord and Tenant entered into that certain Airport Corporate Center Office Lease
Agreement dated December 1, 2006, as amended by that certain First Amendment dated December 1,
2006, that certain Second Amendment dated March 20, 2007 and that certain Third Amendment dated
July 31, 2007 (collectively, the “Lease”) under which Tenant leases 222,747 Rentable Square Feet
(the “Existing Premises”) consisting of: (A) 125,806 Rentable Square Feet in the building known as
0000 Xxxxxxxxx Xxxxxx Xxxxx (X.X. 00xx Xxxxxx), Xxxxx, Xxxxxxx, (B) 87,465 Rentable
Square Feet in the building known as 0000 Xxxxxxxxx Xxxxxx Xxxxx (X.X. 00xx Xxxxxx),
Xxxxx, Xxxxxxx, and (C) 9,476 Rentable Square Feet designated as Bay B in the building located at
0000 Xxxxxxxxx Xxxxxx Xxxxx (X.X. 00xx Xxxxxx), Xxxxx, Xxxxxxx; and
B. Landlord and Tenant desire to enter into this Amendment for the purposes of further
expanding the Leased Premises and modifying the terms of the Lease and for the other purposes set
forth herein.
TERMS
NOW THEREFORE, for Ten Dollars ($10.00) and for the covenants and conditions of this
Amendment, the receipt and sufficiency of which are acknowledged, Landlord and Tenant agree as
follows:
1. Recitals. The foregoing recitals are correct and are incorporated herein by this
reference.
2. Terms. All capitalized terms used herein but not defined herein shall have the
meaning ascribed to such terms in the Lease.
3. Expansion Space. Effective upon the later of July 1, 2008, or such date as the
existing tenant in the Expansion Space surrenders and vacates such premises (such later date being
the “Expansion Space Commencement Date”), the following space shall be added to the Lease:
7,578 square feet of Rentable Square Feet, designated as Suite 290 in the
building located at 0000 Xxxxxxxxx Xxxxxx Xxxxx (X.X. 00xx
Xxxxxx),
Xxxxx, Xxxxxxx (“Building 10”) and as generally described or depicted on
Exhibit A, attached hereto and incorporated herein (the “Expansion
Space”).
4. Term. Subject to and upon the terms and conditions set forth herein, or in any
exhibit hereto, the term relating to the lease of Expansion Space as set forth in this Amendment
shall commence on the Expansion Space Commencement Date and shall expire on January 31, 2019 (the
“Expansion Space Term”).
5. Leased Premises. Effective as of the Expansion Space Commencement Date and
throughout the Expansion Space Term: (A) the term “Leased Premises” shall mean both the Expansion
Space and the Existing Premises, (B) the Expansion Space and Tenant’s use and occupancy thereof
shall be subject to all of the terms, covenants, conditions and provisions of the Lease, as
modified hereby; and (C) the Expansion Space shall be deemed for all purposes to be a part of the
Leased Premises demised under the Lease.
6. Rental. Tenant’s obligations to pay the Base Rental for the Expansion Space (the
“Expansion Space Base Rental”) and the Additional Rental for the Expansion Space shall commence on
the Expansion Space Commencement Date. Tenant shall pay Landlord the Expansion Space Base Rental on
the same terms and conditions as for Base Rental under the original Lease, and at the same rate per
Rentable Square Foot for Base Rental as is from time to time applicable to the Leased Premises
pursuant to Section 10.1(a) of the Lease. Tenant shall also be obligated to pay Additional Rental
for the Expansion Space calculated in the same manner and pursuant to the same terms and conditions
as for other Additional Rental pursuant to the terms of Section 2.3 of the Lease.
7. Tenant Improvement Allowance. Tenant shall receive a tenant improvement allowance
in the amount of [**] (the “Tenant Improvement Allowance”) to apply
towards cover the costs of Tenant’s architectural, engineering, design, construction (including all
costs for refurbishment and reconstruction of the Expansion Premises, including utilities,
security, and other building services (above and beyond services that are already provided under
the Lease)), permitting, construction supervision costs, and moving costs; and otherwise subject to
the terms and conditions of Section 5.1(a) of the Lease.
8. Letter of Credit. On or before the Expansion Space Commencement Date, Tenant
shall deliver to Landlord a clean, irrevocable letter of credit (the “Expansion Space Letter of
Credit”) established in Landlord’s (and its successors’ and assigns’) favor in the amount of
[**] (the “Expansion Space Letter of Credit Amount”), issued by a
federally insured banking or lending institution reasonably acceptable to Landlord and in the form
and substance of Exhibit H to the Lease. The Expansion Space Letter of Credit shall
specifically provide for partial draws and shall by its terms be transferable by the beneficiary
thereunder. If Tenant fails to make any payment of rent or other charges due to Landlord under the
terms of the Lease, as amended hereby, or otherwise defaults thereunder, beyond any applicable
notice and cure period, Landlord, at Landlord’s option, may make a demand for payment under the
Expansion Space Letter of Credit in an amount equal to the amounts then due
2
and owing to Landlord
under the Lease, as amended hereby. In the event that Landlord draws upon the Expansion Space
Letter of Credit, Tenant shall present to Landlord a replacement Expansion Space Letter of Credit
in the full Expansion Space Letter of Credit Amount satisfying all of the terms and conditions of
this paragraph within twenty (20) days after receipt of notice
from Landlord of such draw. Tenant’s failure to do so within such 20-day period will
constitute a default under the Lease, as amended hereby, (Tenant hereby waiving any additional
notice and grace or cure period), and upon such default Landlord shall be entitled to immediately
exercise all rights and remedies available to it hereunder, at law or in equity. In the event that
the Expansion Space Letter of Credit has an expiration date earlier than the expiration date of
this Amendment and Tenant has not presented to Landlord a replacement Expansion Space Letter of
Credit which complies with the terms and conditions of the Lease on or before thirty (30) days
prior to the expiration date of any such Expansion Space Letter of Credit then held by Landlord,
then Tenant shall be deemed in default hereunder and Landlord, in addition to all other rights and
remedies provided for hereunder, shall have the right to draw upon the Expansion Space Letter of
Credit then held by Landlord and any such amount paid to Landlord by the issuer of the Expansion
Space Letter of Credit shall be held by Landlord as security for the performance of Tenant’s
obligations hereunder. Any interest earned on such amounts shall be the property of Landlord.
Landlord’s election to draw under the Expansion Space Letter of Credit and to hold the proceeds of
the drawing under the Expansion Space Letter of Credit shall not be deemed a cure of any default by
Tenant under the Lease, as amended hereby, and shall not relieve Tenant from its obligation to
present to Landlord a replacement Expansion Space Letter of Credit which complies with the terms
and conditions of this Amendment. Tenant acknowledges that any proceeds of a draw made under the
Expansion Space Letter of Credit and thereafter held by Landlord may be used by Landlord to cure or
satisfy any obligation of Tenant hereunder as if such proceeds were instead proceeds of a draw made
under a Expansion Space Letter of Credit that remained outstanding and in full force and effect at
the time such amounts are applied by Landlord to cure or satisfy any such obligation of Tenant.
Tenant hereby affirmatively disclaims any interest Tenant has, may have, claims to have, or may
claim to have in any proceeds drawn by Landlord under the Expansion Space Letter of Credit and
held in accordance with the terms hereof. Without limiting the generality of the foregoing, Tenant
expressly acknowledges and agrees that at the end of the term of Lease, as amended hereby (whether
by expiration or earlier termination hereof), and if Tenant is not then in default under the Lease,
as amended hereby, beyond any applicable notice and cure periods, Landlord shall return to the
issuer of the Expansion Space Letter of Credit or its successor (or as such issuer may direct in
writing) any remaining and unapplied proceeds of any prior draws made under the Expansion Space
Letter of Credit, and Tenant shall have no rights, residual or otherwise, in or to such proceeds.
9. As-Is. Tenant accepts the Expansion Space in AS-IS condition. Tenant shall be
solely responsible for the construction of any leasehold improvements to the Expansion Space, all
of which shall be constructed and performed by Tenant in accordance with the terms and conditions
of the Lease. Tenant shall not install any improvements which are not compatible with Landlord’s
plans and specifications for the Building or which are not approved by Landlord or Landlord’s
architect (which approval shall not be unreasonably withheld so long as these do not affect the
Building structure, the Building systems, and are not visible from the exterior of the Expansion
Space).
3
10. Brokers. Tenant hereby warrants that it has had no dealings with any real estate
broker or agent in connection with the negotiation of this Amendment other than Xxxxxxx, Inc. (as
Agent) and Xxxxxxx Realty, Inc. (as subagent of Xxxxxxx, Inc.) representing Tenant, and Xxxxx
Interests Limited Partnership, representing Landlord (collectively, “Broker”). Each party agrees
to indemnify and hold the other party harmless from and against the claims of any real estate
broker, except for that outlined above with Broker, making claims by, through or under such party.
11. Entire Agreement. The Lease, as amended by this Amendment, constitutes the entire
agreement and understanding among the parties with respect to the subject matter hereof. The terms
and conditions of this Amendment may not be changed, altered or modified except by an instrument in
writing signed by the party against whom enforcement of such change would be sought. The Lease, as
amended by this Amendment, shall be binding upon the parties hereto and their respective successors
and permitted assigns.
12. Miscellaneous.
A. This Amendment shall be construed and governed in accordance with the laws of the State of
Florida. All of the parties to this Amendment have participated fully in the negotiation and
preparation hereof and, accordingly; this Amendment shall not be more strictly construed against
any one of the parties hereto.
B. In the event any term or provision of this Amendment be determined by appropriate judicial
authority to be illegal or otherwise invalid, such provision shall be given its nearest legal
meaning or be construed as deleted as such authority determines, and the remainder of this
Amendment shall be construed to be in full force and effect.
C. In construing this Amendment, the singular shall be held to include the plural, the plural
shall include the singular, and the use of any gender shall include every other and all genders.
D. Descriptive headings contained herein are for convenience only and shall not control or
affect the meaning or construction of any provision of this Amendment.
E. This Amendment may be executed in any number of counterparts and by the separate parties
hereto in separate counterparts, each of which shall be deemed an original, but all of which shall
constitute one and the same instrument.
F. Tenant hereby represents and warrants to Landlord that: (i) Tenant has the full right and
authority to enter into this Amendment; (ii) this Amendment is a binding and valid document
enforceable in accordance with its terms; (iii) Tenant has not assigned, transferred or subleased
its interest in the Expansion Space; and (iv) Tenant has not taken any action that would result in
a lien being filed against the interest of either Landlord or Tenant in the Expansion Space.
G. This Amendment shall be deemed a part of the Lease, but shall take precedence over and
supersede any provisions to the contrary contained in the Lease. Except as modified hereby, all of
the provisions of the Lease, which are not in a conflict with the terms of this Amendment shall
remain in full force and effect, including without limitation Section 8.4 of the Lease (which shall
also apply with respect to all provisions of this Amendment). As modified hereby, the Lease is
hereby ratified and confirmed in all respects.
4
13. Effect of Delivery. This Amendment shall not be effective, and shall not be
relied upon by either party, until such time as it has been executed by a duly authorized officer
of both Tenant and Landlord and a copy of this Amendment, which has been fully executed by both
Landlord and Tenant, is delivered to Tenant.
14. WAIVER OF JURY TRIAL. TO THE EXTENT PERMITTED BY APPLICABLE LAW, EACH OF THE
PARTIES WAIVE THEIR RESPECTIVE RIGHTS TO A TRIAL BY JURY OF ANY CLAIM OR CAUSE OF ACTION BASED UPON
OR ARISING OUT OF OR RELATED TO THIS AMENDMENT OR THE LEASE IN ANY ACTION, PROCEEDING OR OTHER
LITIGATION OF ANY TYPE BROUGHT BY ANY OF THE PARTIES AGAINST THE OTHER PARTY.
IN WITNESS WHEREOF, the parties have executed this Amendment as of the day and year first
written above.
TENANT: | ||||||
NCL (BAHAMAS) LTD., a Bermuda company D/B/A NORWEGIAN CRUISE LINE | ||||||
Witnesses: |
||||||
/s/ Xxxxxx Xxxxxxxxx | By: | /s/ Xxxxx Xxxxxxx | ||||
Print Name:
|
Xxxxxx Xxxxxxxxx | Name: | Xxxxx Xxxxxxx | |||
Title: | EVP & CFO | |||||
/s/ Yakelia Xxxxxxx | ||||||
Print Name: |
Yakelia Xxxxxxx | |||||
[signatures continued on following page]
5
LANDLORD: | ||||||||||
XXXXX REIT AIRPORT CORPORATE CENTER LLC, a Delaware limited liability company or its affiliate |
||||||||||
By: | XXXXX REIT PROPERTIES, L.P., a Delaware limited partnership Its Sole Member | |||||||||
By: | XXXXX REAL ESTATE INVESTMENT
TRUST, INC., a Maryland corporation Its General Partner |
|||||||||
Witnesses: |
||||||||||
By: | ||||||||||
/s/ Ketinna Xxxxxxxx | /s/ Xxxxxxx X. Xxxxx | |||||||||
Print Name:
|
Ketinna Xxxxxxxx | Name: Xxxxxxx X. Xxxxx | ||||||||
Its: Manager | ||||||||||
/s/ Xxxx Beutteu | ||||||||||
Print Name: |
Xxxx Beutteu | |||||||||
6
EXHIBIT A
EXPANSION SPACE
EXPANSION SPACE
7