Second Lease Amendment definition
Examples of Second Lease Amendment in a sentence
Landlord and Tenant amended the Original Lease pursuant to that certain First Lease Amendment dated as of January 14, 1998 (the “First Amendment”); Landlord and Tenant subsequently further amended the Original Lease pursuant to that certain Second Lease Amendment dated as of August 1, 2000 (the “Second Amendment”).
The Second Lease Amendment agreement with Shaheen & Co., Inc., providing for a ten (10) year additional extension at a rental rate of $3.25/square foot, in addition to the existing lease at the current rental rate for the remaining lease term, in accordance with the attached Exhibit B, as has already been agreed to by the parties thereto, shall have been executed by all of the parties thereto.
The parties specifically agree that the maximum amount of $300,000 provided in Section 3 of the Second Lease Amendment does not apply with respect to the restoration of the portion of the Demised Premises to which the Supplemental Tenant Renovations relate.
The failure of the Lessee to perform any duties or obligations contained in the original Lease with Lessor, as amended, (including but not limited to the failure of Lessee to pay Lessor $250,000.00 under Section 10 of the Second Lease Amendment) shall not constitute a default or breach of this Amended and Restated Lease Agreement.
Except as expressly set forth in this Second Lease Amendment, the terms and conditions of the Lease are hereby ratified and reaffirmed and shall continue in full force and effect without any change or modification and shall apply for the balance of the Lease Term.
The above recitals are hereby incorporated into this Second Lease Amendment as if fully set forth herein.
Tenant hereby represents and warrants to Landlord that it has not dealt with any broker in connection with this Second Lease Amendment, and there are no brokerage fees or commissions payable in connection herewith.
By executing this Second Lease Amendment, Landlord does not waive its right to assert (a) any events or conditions that would constitute defaults under the Lease, or (b) any monetary or other obligations owed by Tenant to Landlord under the Lease.
For the purpose of this Second Lease Amendment, the term "Lease" shall be defined as the Original Lease as amended by the First Lease Amendment.
In the event of any conflict between the provisions of the First Lease Amendment and the Second Lease Amendment, the provisions of this Second Lease Amendment shall control.