Third Amendment to Lease
EXHIBIT
10.33(d)
Third Amendment to Lease
This Third Amendment to Lease (this “Amendment”) dated April 15, 2005 is
executed by and between syut properties, inc., a Utah corporation (“Landlord”), and
Century Theatres, Inc., a California corporation (“Tenant”).
Witnesseth:
Whereas, Landlord and Century Theatres of Utah, Inc. entered into a lease dated
September 30, 1995, as amended by that certain First Amendment to Lease, dated January 4, 1998,
between Syut Properties, Inc. and Century Theatres, Inc., a Delaware corporation (“Century Theatres
(DE)”), and as further amended by that certain Second Amendment to Lease, dated September 1, 2000,
between Syut Properties, Inc. and Century Theatres (DE) (as amended, the “Lease”), for a motion
picture building parking area (the “Premises”) located at 0000 Xxxxx 0xx Xxxx Xxxxxx, Xxxx Xxxx
Xxxx, Xxxx; capitalized terms used but not defined herein shall have the meanings set forth in the
Lease; and
Whereas, Century Theatres (DE) succeeded Century Theatres of Utah, Inc., as Tenant;
and
Whereas, Century Theatres (DE) assumed all obligations of Century Theatres of Utah,
Inc., as set forth in the Lease; and
Whereas, Century Theatres, Inc., a California corporation, has succeeded
Century Theatres (DE), as Tenant; and
Whereas, Century Theatres, Inc., a California corporation, has assumed all
obligations of Century Theatres (DE), as set forth in the Lease; and
Whereas, the parties desire now to amend the Lease to revise and clarify certain
obligations between the parties, as hereinafter provided;
Now, Therefore, the parties hereto mutually agree that the Lease shall be amended as
follows:
A. Landlord’s Right to Develop
1. The second sentence of Section 2.01 (a) of the Lease is hereby deleted
in its entirety and replaced with the following:
Tenant expressly agrees that Landlord shall have the right, but shall have no
obligation, to demolish, renovate, remodel, reconstruct or otherwise alter or
develop in any manner the Entire Premises or any portion thereof for any and
all uses beyond the Permitted Use (the “Development”) without Tenant’s
consent; provided, however, that the Development shall not materially
interfere with the Permitted Use or Tenant’s access to the
Premises.
| 1 | Century 16 – Salt Lake City, UT |
2. Tenant hereby waives all claims of any nature whatsoever Tenant may now have
or may hereafter have against Landlord relating in any manner to, directly or indirectly, the
Development. Without limiting the generality of the foregoing, Landlord shall not be liable for any
damage to persons or property located in, on or about the Premises resulting from or in connection
with the Development, and Tenant waives and shall defend, indemnify and hold harmless Landlord from
any and all claims asserted by Tenant or Tenant’s officers, agents, employees, contractors,
licensees, invitees or guests arising from damage resulting from or in connection with the
Development (except to the extent such damage is caused by the willful act or gross negligence of
Landlord; provided, however, that Landlord shall not be liable for any consequential damages,
including, without limitation, any claim for loss of profit or
business).
B. Surrender
Notwithstanding anything to the contrary in the Lease, upon the expiration or earlier
termination of the Lease and promptly following Tenant’s receipt of a cost estimate thereof from
Landlord, Tenant shall pay to Landlord an amount equal to the cost of demolishing the improvements
located on the Premises and removing all surface debris therefrom to Landlord’s reasonable
satisfaction, as such cost estimate is determined by Landlord in Landlord’s sole and absolute
discretion. Except as set forth above, from and after the Termination Date, the parties shall have
no further rights under the Lease nor further obligations with respect to the Premises, except for
any rights or obligations which expressly survive the termination of the Lease in accordance with
the provisions thereof or at law.
C. Miscellaneous
1. This Amendment constitutes the entire understanding of the parties with respect to
the subject matter hereof and all prior agreements, representations, and understandings between the
parties, whether oral or written, are deemed null, all of the foregoing having been merged into
this Amendment.
2. This Amendment to Lease is hereby executed and shall be effective as of the date first
written above. All other conditions of the Lease shall remain in full force and effect.
3. This Amendment shall bind and inure to the benefit of Landlord and Tenant and their
respective legal representatives and successors and assigns.
4. Each party hereby specifically represents and warrants that its execution of this Amendment
has been duly authorized by all necessary corporate or other action, and that this Amendment when
fully signed and delivered shall constitute a binding agreement of such party, enforceable in
accordance with its terms.
5. The parties acknowledge that each party and/or its counsel have reviewed and revised this
Amendment and that no rule of construction to the effect that any ambiguities are to be resolved
against the drafting party shall be employed in the interpretation of this Amendment or any
amendments or exhibits to this Amendment or any document executed and delivered by either party in
connection with this Amendment.
| 2 | Century 16 – Salt Lake City, UT |
6. This Amendment may be executed in counterparts each of which shall be deemed
an original and all of which taken together shall constitute one and
the same agreement.
[Signatures on following page]
| 3 | Century 16 – Salt Lake City, UT |
In Witness Whereof, Landlord and Tenant have executed this Amendment to be
effective as of the date first written above.
Syufy Properties, Inc.,
|
Century Theatres, Inc., | |||
a Utah corporation
|
a California corporation | |||
“Landlord”
|
“Tenant” | |||
/s/ Xxxxxxx Xxxxx
|
/s/ Xxxxxx Xxxxx | |||
Chief Executive Officer
|
Chief Executive Officer |
| 4 | Century 16 – Salt Lake City, UT |
