Date of Original: 21.7.06 Date of Version: 21.03.07 Version No: 4 Ref: PQH/JG/BM0145.128

 

Exhibit 99.1
     
Date of Original:
   21.7.06
Date of Version:
   21.03.07
Version No:
   4
Ref:
   PQH/JG/BM0145.128
Lease
     
Dated 23 March 2007
URBAN GENERATION (GATLEY) LIMITED (1)
and
INTERVOICE LIMITED (2)
Relating to
Brook House
Stonepail Close
Gatley
Stockport
Hill Xxxxxxxxx LLP
State House
00 Xxxx Xxxxxx
Xxxxxxxxx X0 0XX
T: 0151 236 5400
F: 0151 236 2175
PQH/JG/BM0145.128

 

 

             
INDEX            
 
            
1.
   PARTICULARS     1  
2.
   DEFINITIONS     2  
3.
   INTERPRETATION     7  
3.1
   Rights of the Landlord     7  
3.2
   Act or default of the Tenant     8  
3.3
   Approvals of any superior landlord and mortgagee     8  
3.4
   Consent of the Landlord approval etc.     8  
3.5
   English law     8  
3.6
   Gender and number     8  
3.7
   General and particular words     8  
3.8
   Headings     8  
3.9
   Joint and several obligations     9  
3.10
   Last year and end of the Tenancy     9  
3.11
   Perpetuity period     9  
3.12
   Person and party     9  
3.13
   Rights and obligations     9  
3.14
   Statute     10  
3.15
   Superior landlord     10  
3.16
   Tenant not to allow act     10  
4.
   LETTING     10  
4.1
   Letting     10  
4.2
   Rights and reservations     11  
5.
   TENANT’S RIGHTS     11  
6.
   LANDLORD’S RIGHTS     11  
6.1
   Conducting Media     11  
6.2
   Light support etc.     11  
6.3
   Entry by Landlord     11  
6.4
   Landlord’s right to carry out works on other premises     12  
6.5
   Letting board etc.     13  
6.6
   Goods left on the Property     13  
6.7
   Variation of implied rights     13  
7.
   TENANT’S COVENANTS     14  
7.1
   Rent     14  
7.2
   Outgoings     14  
7.3
   Interest     15  
7.4
   Repair and decoration     15  
7.5
   Maintenance     17  
7.6
   Contribution to repair of party walls etc.     17  
7.7
   Repair on notice     17  
7.8
   Compliance with statutory requirements etc.     18  
7.9
   Restrictions on dealings     19  
7.10
   Registration of assignments etc.     24  
7.11
   Information     24  
7.12
   Alterations     24  
7.13
   Signs and notices     26  
7.14
   Cost of removal by Landlord of unauthorised signs etc.     26  
7.15
   Service installations     27  
7.16
   Nuisance     27  
7.17
   Use     27  
7.18
   Overloading     28  
7.19
   Notices     28  
7.20
   Planning     28  

 

 

             
INDEX            
 
            
7.21
   Encroachments     28  
7.22
   Maintenance agreements     29  
7.23
   Defective premises     29  
7.24
   Landlord’s rights     29  
7.25
   Landlord’s regulations     29  
7.26
   The CDM Regulations     29  
7.27
   Landlord’s costs     30  
7.28
   Indemnities     31  
7.29
   Yield up     31  
7.30
   VAT     32  
8.
   LANDLORD’S COVENANTS     33  
 
   Quiet enjoyment     33  
9.
   INSURANCE     33  
9.1
   Landlord to insure Property     33  
9.2
   Additional Landlord’s fixtures     34  
9.3
   Landlord to inform Tenant of insurance cover     34  
9.4
   Damage to Property     34  
9.5
   Option to terminate following damage by an Insured Risk     35  
9.6
   Option to terminate following damage by an Excluded Risk     35  
9.7
   Application by Tenant for new lease following termination     36  
9.8
   Tenant’s obligations in respect of Landlord’s insurances     36  
9.9
   Tenant’s insurance     37  
10.
   SUSPENSION OF RENT     38  
10.1
   Application     38  
10.2
   Suspension     38  
10.3
   Disputes     38  
11.
   FORFEITURE     39  
12.
   DECLARATIONS WARRANTIES AND MISCELLANEOUS     40  
12.1
   Representations and exclusion of use warranty     40  
12.2
   Accidents     40  
12.3
   Payments recoverable as rent     40  
12.4
   Release of the Landlord     41  
12.5
   Service of notices     41  
12.6
   Jurisdiction of the English courts     41  
13.
   Tenant’s option to terminate        
14.
   ARBITRATION OR DETERMINATION BY EXPERT     42  
14.1
   Contrary Provision     42  
14.2
   Arbitration     42  
14.3
   Determination by an expert     42  
14.4
   Expert’s terms of appointment     42  
14.5
   Experience of arbitrator or expert     44  
14.6
   Non-payment of costs of arbitrator or expert     44  
15.
   RENT REVIEW     44  
15.1
   Definitions     44  
15.2
   New Rent     47  
15.3
   Memorandum     48  
15.4
   Delay     48  
16.
   GUARANTEE     49  
16.1
   Definition     49  
16.2
   Guarantee     49  
16.3
   New lease on disclaimer etc.     50  
16.4
   Waiver by Guarantor of rights     51  
16.5
   Guarantor’s liability not to be prejudiced     51  
16.6
   Surrender of part by Original Tenant     52  
16.7
   Benefit of guarantee     52  

 

 

             
INDEX            
 
            
16.8
   Change of address     52  
REGULATIONS     55  
THE SCHEDULE     56  

 

 

1.   PARTICULARS
  1.1   Date 23 March 2007
 
  1.2   Headlease/Underlease
 
      This is a headlease
 
  1.3   Parties
  1.3.1   Landlord
 
      URBAN GENERATION (GATLEY) LIMITED (Company Number 04852131) whose registered office is at c/o Hill Xxxxxxxxx LLP State House 00 Xxxx Xxxxxx Xxxxxxxxx X0 0XX
 
  1.3.2   Tenant
 
      INTERVOICE LIMITED (Company Number 2601740) whose registered office is at 00 Xxxx Xxxx Xxxxxx Xxxxxxxx XX0 XX0
 
  1.3.3   Guarantor
 
      None
  1.4   Property
 
      Brook House (formerly Xxxxxx Xxxxx) Xxxxxxxxx Xxxxx Xxxxxx Xxxxxxxxx XX0 0XX being the whole of the land and buildings comprised in the Landlord’s freehold title number GM681354
 
  1.5   Contractual Term
 
      Ten years from and including 25TH December 2006
 
  1.6   Rent
  1.6.1   Amount
 
      Four hundred thousand pounds (£400,00.00) per annum (exclusive of value added tax) as varied from time to time under the provisions of this

1

 

      Lease (including in particular the provisions for review in clause 14)
 
  1.6.2   Rent Commencement Date
 
      25th March 2007
 
  1.6.3   First Rent Payment Date
 
      25th March 2007
 
  1.6.4   Review Dates
 
      25TH December 2011 only
  1.7   Insurance Rent Commencement Date
 
      25TH December 2006
 
  1.8   Permitted Use
 
      Offices within Class B1 of the Town and Country Planning (Use Classes) Order 1987 and ancillary purposes
 
  1.9   Landlord and Tenant (Covenants) Xxx 0000
 
      This Lease is a new tenancy under Section 1 of the Landlord and Tenant (Covenants) Xxx 0000
2.   DEFINITIONS
 
    In this Lease the following definitions apply:
     
“Arbitration”
  arbitration under clause 14.2
 
    
“Authorised Guarantee Agreement”
  has the meaning given to “authorised guarantee agreement” in section 28 of the Landlord and Tenant (Covenants) Xxx 0000
 
    
“Base Rate”
  the base rate from time to time of Barclays Bank PLC or if that is not available the most closely

2

 

     
 
  comparable rate of interest to be determined (if not agreed) by Arbitration
 
    
“Conducting Media”
  all conducting media including (but not limited to) pipes flues ducts wires cables drains sewers gutters gullies and channels and their ancillary plant and equipment
 
    
“Contractual Term”
  the term specified in clause 1.5
 
    
“Excluded Review Matters”
  (see clause 15.1)
 
    
“Excluded Risk”
  any risk which would have fallen within the definition of “Insured Risks” but for the Landlord exercising its discretion to exclude the risk from that definition
 
    
“Fair Proportion”
  the fair proportion reasonably determined from time to time by the Landlord’s Surveyor
 
    
“First Rent Payment Date”
  the date specified in clause 1.6.3
 
    
“Group Company”
  a company which is a member of the same group as the Landlord and the Tenant (as the case may be). For the purpose of this definition:
  (a)   a company is a “subsidiary” of another company if that other company:
  (i)   holds a majority of the voting rights in it; or
 
  (ii)   is a member of it and has the right to appoint or remove a majority of its board of directors; or
 
  (iii)   is a member of it and controls alone under an agreement with other shareholders or members a majority of the voting rights in it
  (b)   two companies shall be taken to be members

3

 

      of the same group if and only if:
  (i)   one is a subsidiary of the other or
 
  (ii)   both are subsidiaries of a third or
 
  (iii)   one is a subsidiary of a company which itself is a subsidiary of the other
     
“Guarantor”
  the person (if any) so named in clause 1.3.3
 
    
“Insurance Rent”
  a sum equal to the cost of the insurance described in clause 9.1 (including the cost of any insurance valuations)
 
    
“Insurance Rent Commencement Date”
  the date specified in clause 1.7
 
    
“Insured Risks
  (a) fire explosion and lightning
  (b)   impact
 
  (c)   earthquake
 
  (d)   aircraft (other than hostile aircraft) and things dropped from aircraft
 
  (e)   flood storm and tempest
 
  (f)   bursting or overflowing of water tanks apparatus pipes boilers or heating equipment
 
  (g)   riot and civil commotion
 
  (h)   malicious damage
 
  (i)   accidental damage to all plate glass in the Property
 
  (j)   terrorism (if available to the Landlord from its insurance company)
 
      and any other risks against which the Landlord or

4

 

     
 
  any superior landlord may from time to time reasonably insure and an “Insured Risk” means one of the risks. Except that a risk will not be an “Insured Risk” to the extent that in the reasonable opinion of the Landlord’s Surveyor insurance cover is not available in the normal market at a reasonable premium and the Landlord elects not to take out such insurance cover for the Property and gives reasonable prior written notice to the Tenant of such election
 
    
“Landlord”
  the person named in clause 1.3.1 or any other person who at the relevant time is entitled to the immediate reversion on this Lease
 
    
“Landlord’s Surveyor”
  the person from time to time appointed by the Landlord to act as its surveyor for any purpose under this Lease who shall be a professionally qualified surveyor and may be an employee of the Landlord
 
    
“this Lease”
  this Lease as varied and supplemented by any document
 
    
“Licences”
  a licence for alterations dated 18 April 2000 and made between (1) Capital & Counties Plc and (2) Brite Voice Systems Group Limited and a licence for alterations dated 20 November 2001 and made between (1) Allied Xxxxxx Assurance Plc and (2) Intervoice-Brite Limited
 
    
“Non-Reinstatement Notice”
  (see clause 9.6.1)
 
    
“Open Market Rent”
  (see clause 15.1)
 
    
“Original Landlord”
  the person named in clause 1.3.1
 
    
“Original Tenant”
  the person named in clause 1.3.2
 
    
“Planning Acts”
  the Local Government Planning and Land act 1980 the Town and Country Planning Xxx 0000 the

5

 

     
 
  Planning (Listed Buildings and Conservation Areas) Xxx 0000 the Planning (Hazardous Substances) Xxx 0000 the Planning (Consequential Provisions) Xxx 0000 and the Planning and Compensation Xxx 0000 and any later similar legislation
 
    
“Planning Control”
  has the meaning given to it by the Town and Country Planning Xxx 0000
 
    
“President of the RICS”
  the President for the time being of The Royal Institution of Chartered Surveyors or the person for the time being authorised to act on his behalf
 
    
“Previous Lease”
  the lease of the Property dated 24 June 1996 and made between (1) Capital & Counties Plc and (2) Brite Voice Systems Group Limited
 
    
“Property”
  the premises described in clause 1.4 including:
  (a)   any vaults below or adjoining the premises;
 
  (b)   any pavement lights serving the premises;
 
  (c)   Conducting Media within the premises which do not belong to suppliers;
 
  (d)   Conducting Media outside the premises which exclusively serve the premises and do not belong to suppliers;
 
  (e)   landlord’s fixtures in or forming part of the premises (including any toilets and sanitary xxxx);
 
  (f)   any additions to the Premises; and
 
  (g)   any grounds and approaches belonging to the premises
 
      but excluding

6

 

  (h)     tenant’s fixtures
     
“Rent”
  the amount (subject to variation and review) specified in clause 1.6.1
 
    
“Rent Commencement Date”
  the date specified in clause 1.6.2
 
    
“Review Assumptions”
  (see clause 15.1)
 
    
“Review Date”
  (see clause 15.1)
 
    
“Signs and Notices”
  signs notices placards posters stickers advertisements flags logos letterings and numerals
 
    
“Tenancy”
  the contractual tenancy created by this Lease and any further tenancy of the Property during any period of holding over or extension or continuation of the contractual tenancy by statute or under common law
 
    
“Tenant”
  the Original Tenant and its successors in title as tenant under this Lease
 
    
“Tenant Covenant”
  means a “tenant covenant” (as defined by section 28 of the Landlord and Tenant (Covenants) Act 1995) which relates to the tenancy created by this Lease
 
    
“Termination Event”
  (see clause 16.1)
 
    
“Termination Notice”
  (see clause 9.6.2.2)
 
    
“VAT”
  value added tax and any similar tax
3.   INTERPRETATION
 
    This clause contains directions for interpretation which apply unless a contrary intention is clear from the wording elsewhere in this Lease
  3.1   Rights of the Landlord
 
      References to the rights of the Landlord are deemed to include the same rights for any superior landlord and anyone authorised by the Landlord or a superior

7

 

landlord
  3.2   Act or default of the Tenant
 
      References to the act or default or fault of the Tenant and words to similar effect shall include any act default or fault of anyone at the Property with the Tenant’s authority and under the Tenant’s control
  3.3   Approvals of any superior landlord and mortgagee
 
      Any provision in this Lease requiring the consent or approval of the Landlord is to be construed as also requiring any necessary consent or approval of:
  3.3.1   any superior landlord and
 
  3.3.2   any mortgagee of the Landlord’s or any superior landlord’s interest n the Property
 
  where such consent or approval shall be required
  3.4   Consent of the Landlord approval etc.
 
      References to consent of the Landlord and words to similar effect mean a prior consent in writing signed by or for the Landlord. References to approved and authorised and words to similar effect mean previously approved or authorised in writing
  3.5   English law
 
      This Lease shall be governed by and interpreted in accordance with English law
  3.6   Gender and number
 
      Words of one gender include all other genders. Singular words include the plural and vice versa
  3.7   General and particular words
 
      General words are not limited because they are preceded or followed by particular words in the same category or covering the same topic
  3.8   Headings

8

 

      Any footnotes headings index marginal notes table of contents and underlinings are for guidance only not interpretation
  3.9   Joint and several obligations
      If an obligation is owed to or by more than one person that obligation is owed to or by those persons separately jointly or in any combination
 
  3.10   Last year and end of the Tenancy
 
      References to the last year of the Tenancy or other period related to the end of the Tenancy and words to similar effect include the last year of the Tenancy or such other period (as the case may be) even if it ends before the end of the Contractual Term. References to the end of the Tenancy and words to similar effect are to be similarly interpreted
 
  3.11   Perpetuity period
 
      The perpetuity period applicable to this Lease is eighty (80) years from the start of the Contractual Term. Whenever in this Lease any party is granted a future interest that interest must vest within such perpetuity period and if it has not it will be void for remoteness
 
  3.12   Person and party
  3.12.1   Any reference to a person includes a company corporation or other legal entity
 
  3.12.2   Any reference to “parties” or “party” means the Landlord and the Tenant or either of them but in the absence of a specific reference to the contrary does not include any Guarantor
  3.13   Rights and obligations
  3.13.1   The Tenant or any undertenant or occupier of the Property shall not after the date of this Lease and during the Tenancy acquire any implied or prescriptive right or easement from or over or affecting any neighbouring premises in which the Landlord from time to time has a freehold or leasehold interest
 
  3.13.2   Rights granted are not exclusive to the Tenant

9

 

  3.13.3   Rights and obligations are cumulative
  3.14   Statute
 
      Any reference to a specific statute includes:
  3.14.1   any statutory extension variation or re-enactment of the statute whether before or after the date of this Lease
 
  3.14.2   derivative orders regulations and permissions and
 
  3.14.3   directives and regulations adopted by the European Union relating to VAT
 
      Any general reference to “statute” or “statutes” includes those enacted after the date of this Lease and includes all derivative orders regulations and permissions
  3.15   Superior landlord
  3.15.1   Any reference to a superior landlord includes the Landlord’s immediate reversioner and any superior landlord
 
  3.15.2   Any reference to a superior lease includes the lease under which the Landlord holds the Property and any lease superior to that
 
  3.15.3   When a superior landlord performs a landlord’s obligation it shall be deemed to have been performed by the Landlord
  3.16   Tenant not to allow act
 
      An obligation by the Tenant not to do an act includes an obligation not to knowingly allow that act to be done by another person
4.   LETTING
  4.1   Letting
 
      The Landlord lets the Property to the Tenant for the Contractual Term the Tenant paying during the Tenancy the following (all of which are reserved as rent):
  4.1.1   from and including the Rent Commencement Date the Rent by equal quarterly payments in advance on the usual quarter days; the first payment for the period from the Commencement Date being due on

10

 

      the First Rent Payment Date
 
  4.1.2   from and including the Insurance Rent Commencement date the Insurance Rent within twenty one (21) days after a written demand
 
  4.1.3   any VAT payable on the above amounts
  4.2   Rights and reservations
 
      The letting includes the rights (if any) granted by clause 5 but is subject to the exceptions and reservations set out in clause 6
5.   TENANT’S RIGHTS
 
    None
 
6.   LANDLORD’S RIGHTS
 
    The following rights are excepted and reserved to the Landlord:
  6.1   Conducting Media
 
      The right to use repair alter replace add to and make connections to the Conducting Media forming part of the Property which serve or are capable of serving other premises
 
  6.2   Light support etc.
 
      The right of light air support and protection and all other easements and rights now or after the date of this Lease belonging to or enjoyed by any other premises
 
  6.3   Entry by Landlord
  6.3.1   The right at reasonable times and on reasonable prior written notice but in case of emergency at any time without notice to enter the Property with necessary materials and appliances and
  6.3.1.1   view and record the condition of the Property
 
  6.3.1.2   repair maintain alter or clean other premises where such work would not otherwise be reasonably practicable

11

 

  6.3.1.3   inspect Conducting Media
 
  6.3.1.4   comply with obligations or exercise any rights under this lease or a superior lease
 
  6.3.1.5   make good any failure by the Tenant to repair maintain or decorate the Property in compliance with clause 7.7.1
 
  6.3.1.6   remove anything which has been fixed placed displayed or left on the Property in breach of clause 7.12 or clause 7.13
 
  6.3.1.7   make good any other breach of covenant by the Tenant
 
  6.3.1.8   show prospective tenants and purchasers over the Property or
  6.3.2   In exercising these rights the Landlord shall:
  6.3.2.1   cause as little inconvenience to the Tenant as is reasonably practicable
 
  6.3.2.2   as soon as reasonably practicable make good any damage to the Property and
 
  6.3.2.3   indemnify the Tenant against any loss or damage to the tenant’s fixtures and the contents of the Property
  6.4   Landlord’s right to carry out works on other premises
  6.4.1   The right to alter add to and carry out works on adjoining or nearby premises Provided that the same shall not materially obstruct affect or interfere with the amenity of or access to the Property or the passage of light and air to the Property
 
  6.4.2   In carrying out any works under this clause 6.4 the Landlord shall:
  6.4.2.1   be entitled if reasonably necessary to erect scaffolding which can be attached to the Property Provided that there shall not be erected any scaffolding or other structures in front of or to the rear or sides (if applicable) of the Property in such a position so as to obscure the windows of the Property or so

12

 

      as to prevent or interfere with access to the Property by persons entering the Property or in connection with the servicing thereof
 
  6.4.2.2   cause as little inconvenience as is reasonably practicable to the Tenant and as soon as reasonably practicable make good any damage caused to the Property and
 
  6.4.2.3   ensure that after completion of the works the use of the Property for any purposes permitted by this Lease has not been materially adversely affected
  6.5   Letting board etc.
 
      The right during the last six (6) months of the Tenancy on prior written notice to display a letting board on the Property and at any time to display a sale board on the Property but not so that any board unreasonably obstructs the light or air to the Property or interferes with the Tenant’s or any undertenant’s business being carried on at the Property
 
  6.6   Goods left on the Property
  6.6.1   The right to sell as agent for the Tenant any belongings of the Tenant left in the Property for more than fourteen (14) days after being requested in writing by the Landlord to remove such items after the end of the Tenancy unless the Tenant remains in occupation of the Property under a new tenancy. The Tenant shall indemnify the Landlord against any liability incurred by the Landlord to anyone whose belongings are sold by the Landlord in the mistaken belief held in good faith (which shall be presumed unless the contrary is proved) that such belongings were owned by the Tenant
 
  6.6.2   In the event of a sale the Landlord shall account to the Tenant for the proceeds of sale less the reasonable and proper costs of removal storage and sale if the Tenant shall claim the proceeds of sale within six (6) months after the date on which the Tenant has quit the Property. If no such claim is made by the Tenant the proceeds of sale shall belong to the Landlord
  6.7   Variation of implied rights

13

 

      The right to terminate or vary any implied right from time to time enjoyed by the Property provided that such termination or variation does not materially adversely affect the use of the Property for any purpose permitted by this Lease
7.   TENANT’S COVENANTS
 
    The Tenant covenants with the Landlord:
  7.1   Rent
  7.1.1   To pay the Rent and other amounts in the manner specified in clause 4.1
 
  7.1.2   Not to claim or exercise any right to set-off or to withhold payment of any amounts due to the Landlord
 
  7.1.3   If required by the Landlord to make payments to the Landlord by banker’s order or credit transfer to a bank and account in the United Kingdom nominated by the Landlord
  7.2   Outgoings
  7.2.1   To pay and to indemnify the Landlord against all existing and future rates taxes assessments impositions and outgoings assessed or imposed on or in respect of the Property (including those assessed or imposed on the Landlord and any superior landlord) except any taxes assessed or imposed on the Landlord or a superior landlord in respect of:
  7.2.1.1   the rents
 
  7.2.1.2   the grant of this Lease or
 
  7.2.1.3   any dealing or deemed dealing by the Landlord or a superior landlord with its interest in the Property
  7.2.2   If such an assessment or imposition is:
  7.2.2.1   made on premises which include the Property and
 
  7.2.2.2   paid by the Landlord

14

 

      to pay a Fair Proportion of it to the Landlord within twenty one (21) days after a written demand
 
  7.2.3   To indemnify the Landlord against any loss of rating relief on the Property after the end of the Tenancy caused by the Property being left empty during the Tenancy
  7.3   Interest
  7.3.1   If required by the Landlord to pay interest at a yearly rate of three per cent (3%) above Base Rate on any sum payable under this Lease by the Tenant to the Landlord (whether or not formally demanded) that is not paid within seven (7) days of its due date. To pay this interest from the due date to the date of payment both before and after any court judgment calculated on a daily basis and compounded with rests on the usual quarter days
 
  7.3.2   If while a breach of any tenant’s covenant continues the Landlord refuses to accept payment of any sum in order not to waive the breach the Tenant shall be deemed for the purposes of this clause 7.3 to have failed to pay such sum
 
  7.3.3   This clause 7.3 is not to prejudice any other right or remedy of the Landlord
  7.4   Repair and decoration
  7.4.1   To repair and maintain the Property and to keep it clean and in good repair
 
  7.4.2   To repair maintain and keep clean and when necessary renew the fixtures (including carpets) in the Property
 
  7.4.3   To prepare and paint all external paintwork of the Property in the fourth (4th) and every subsequent third (3rd) year and in the last three (3) months of the Tenancy and at the same time to prepare and polish any outside polished surfaces and to restore and make good the brickwork and stonework where necessary (but not to paint any brickwork or stonework which has not previously been painted) provided that such work shall not be required to be carried out more than once in any 18

15

 

      month period
 
  7.4.4   To redecorate the interior of the Property in every fifth (5th) year and in the last three (3) months of the Tenancy preparing and painting papering or polishing as appropriate having regard to earlier treatment provided that such redecoration shall not be required to be carried out more than once in any 18 month period
 
  7.4.5   As often as necessary to clean and treat in an appropriate manner all other external and internal materials surfaces and finishes of the Property
 
  7.4.6   In relation to the work referred to in this clause 7.4
  7.4.6.1   to carry out the work with appropriate materials of good quality in a good and workmanlike manner and to the reasonable satisfaction of the Landlord’s Surveyor
 
  7.4.6.2   to carry out all external painting whenever carried out and the internal painting papering and treatment in the last three (3) months of the Tenancy in a colour or colours approved in writing by the Landlord such approval not to be unreasonably withheld or delayed
  7.4.7   Damage by an Insured Risk is excepted from the Tenant’s liability under this clause 7.4 except to the extent that the insurance money is irrecoverable because of an act or default of the Tenant
 
  7.4.8   Damage by an Excluded Risk is (subject to clause 9.7) excepted from the Tenant’s liability under this clause 7.4
 
  7.4.9   Notwithstanding the foregoing provisions of this clause 7.4 the Tenant shall not be required to put or keep the Property or any of the fixtures and fittings contained in it in any better state of repair condition or decorative order than that current at the date of this Lease such current state being evidenced by the photographic schedule of condition annexed to this Lease as Appendix 1 as supplemented and amended to include the further statements and photographs annexed to this Lease as Appendix 2

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  7.5   Maintenance
  7.5.1   To keep the Conducting Media which form part of the Property clear and unobstructed. Not to do anything which causes an obstruction or damage to any other Conducting Media serving the Property
 
  7.5.2   Not to discharge any fluid of a poisonous or noxious nature into the Conducting Media in or serving the Property
 
  7.5.3   To take all reasonably necessary precautions against:
  7.5.3.1   frost damage to any pipe tank or water apparatus in the Property and
 
  7.5.3.2   the bursting or overflowing of any pipe tank or water apparatus in the Property
  7.5.4   To sweep any chimneys and clean any ducts and flues of the Property as often as reasonably necessary
 
  7.5.5   To clean the windows and other lights of the Property as often as reasonably necessary
 
  7.5.6   To keep any yards paths and areas of the Property clean unobstructed and tidy and any gardens of the Property in good order properly cultivated and free from weeds and rubbish
  7.6   Contribution to repair of party walls etc.
 
      To pay within twenty one (21) days after a written demand a Fair Proportion of the expense of repairing maintaining renewing and cleaning all mutual or party walls roads yards fences Conducting Media and structures used or enjoyed by the Property in common with other premises
 
  7.7   Repair on notice
  7.7.1   To make good with all practicable speed any failure to repair maintain or decorate the Property for which the Tenant is liable and of which the Landlord has given reasonable prior notice in writing. To start the necessary work within two (2) months after the Landlord’s notice or sooner if reasonably necessary and then diligently to continue and

17

 

      complete the work
  7.7.2   If the Tenant does not comply with clause 7.7.1 to pay within twenty one (21) days after a written demand the reasonable and proper costs incurred by the Landlord in carrying out the necessary work including reasonable and proper fees and expenses
  7.8   Compliance with statutory requirements etc.
  7.8.1   Subject to clause 7.8.2 and except where such compliance is within the ambit of the Landlord’s obligations contained in this Lease to carry out all works and provide and maintain all arrangements in respect of the Property and the use to which the Property is being put that are necessary in order to comply with the requirements of:
  7.8.1.1   the Offices Shops and Railways Premises Act 1963 the Fire Precautions Xxx 0000 the Defective Premises Xxx 0000 and the Health and Safety at Work etc. Xxx 0000
 
  7.8.1.2   any other statute
 
  7.8.1.3   any government department local authority or other public or competent authority
 
  7.8.1.4   any court of competent jurisdiction and
 
  7.8.1.5   any regulation of the European Communities which applies in the United Kingdom
  7.8.2   Not to carry out any works which the Landlord elects to carry out by serving prior written notice on the Tenant
 
  7.8.3   To pay within twenty one (21) days after receiving a written demand the Landlord’s reasonable and proper expenditure (including reasonable and proper fees and expenses) on any works which the Landlord has elected to carry out under this clause 7.8
 
  7.8.4   To comply with any other obligations imposed by law relating to the Property or its use except where such compliance is within the ambit of the Landlord’s obligations contained in this Lease

18

 

  7.8.5   Not to do anything in respect of the Property which imposes on the Landlord a liability under any statute to pay any penalty damages compensation or costs
  7.9   Restrictions on dealings
  7.9.1   Not to underlet the whole or part of the Property without first obtaining the prior consent of the Landlord (which must not be unreasonably withheld or delayed) and procuring (as a condition precedent to the giving of such consent):
  7.9.1.1   that the proposed underlessee enters into a direct covenant with the Landlord to perform and observe the covenants (save for the covenant to pay rent) on the part of the Tenant and conditions contained in this Lease
 
  7.9.1.2   that any underlease will be granted without any fine or premium at a rent not less than the yearly open market rent at which the Property (or (in the case of an underlease of part) the part underlet) might reasonably be expected to be let without taking a fine or premium and will contain provisions approved by the Landlord (such approval not to be unreasonably withheld or delayed):
  7.9.1.2.1   for the review of the rent reserved by such underlease on the same basis and on the same dates on which the rent is to be reviewed under this Lease including provisions whereby such review may at the option of the Landlord be consolidated with any review of the rent payable under this Lease upon terms equivalent to those contained in clause 15
 
  7.9.1.2.2   prohibiting the undertenant from doing or allowing any act or thing in relation to the underlet premises which is inconsistent with or in breach of the provisions of this Lease
 
  7.9.1.2.3   imposing an absolute prohibiting against all dispositions or other dealings whatever with the

19

 

      underlet premises other than an assignment underletting or charge of the whole
  7.9.1.2.4   prohibiting the undertenant from permitting any other person to occupy the whole or any part of the underlet premises
 
  7.9.1.2.5   for re-entry on breach of any covenant by the undertenant
  7.9.1.3   Any such underlease of part of the Property will be excluded from the operation of Sections 24 to 28 of the Landlord and Xxxxxx Xxx 0000
 
  7.9.1.4   In relation to any permitted Underlease:
  7.9.1.4.1   to enforce the performance and observance by any such undertenant of the provisions of the underlease and not at any time either expressly or by implication to waive any breach of covenant or condition on the part of the undertenant or any assignee of any underlessee
 
  7.9.1.4.2   not without the consent of the Landlord to vary the terms or accept a surrender of any permitted underlease
 
  7.9.1.4.3   to ensure that the rent is reviewed in accordance with the terms of the underlease
 
  7.9.1.4.4   not to agree the reviewed rent with the undertenant without the approval of the Landlord which shall not be unreasonably withheld or delayed
  7.9.2   Not to assign charge or part with possession or occupation of part of the Property except by a permitted underletting
 
  7.9.3   Not to share possession or occupation of the whole or part of the Property save with a Group Company provided that no relationship of the Landlord and Tenant is thereby created

20

 

  7.9.4   Not to hold the whole or part of the Property as trustee or agent for any other person
 
  7.9.5   Not to part with possession or occupation of the whole or part of the Property except by a permitted underletting of the whole or part of the Property or assignment of the whole of the Property
 
  7.9.6   Subject to the provisions of clauses 7.9.7 and 7.9.8 not without the Landlord’s consent (which shall not be unreasonably withheld or delayed) to assign or charge the Property as a whole
 
  7.9.7   It is agreed for the purposes of sub-section (1A) of section 19 of the Landlord and Tenant act 1927 (as inserted by section 22 of the Landlord and Tenant (Covenants) Act 1995) that the Landlord may (in addition to the Landlord’s right to withhold consent on other grounds) withhold consent to an assignment of the Property if any one or more of the following circumstances exist:
  7.9.7.1   the Landlord reasonably determines that the financial standing of the proposed assignee and any proposed guarantor offered by the proposed assignee is not satisfactory
 
  7.9.7.2   the proposed assignment is to a person connected with the Tenant and the question whether a person is so connected shall be determined in accordance with the provisions of section 533 of the Income and Corporation Taxes Act 1970 (as originally enacted) Provided in addition that a person shall be treated as connected with the Tenant in relation to any assignment or proposed assignment if the Landlord reasonably determines that such person is dealing with the Tenant otherwise than at arm’s length
 
  7.9.7.3   the Landlord reasonably determines that there is a material outstanding breach by the Tenant of a Tenant Covenant
 
  7.9.7.4   any ascertained amount due from the Tenant to the Landlord under this Lease has not been paid
  7.9.8   It is agreed for the purposes of sub-section (1A) of section 19 of the

21

 

      Landlord and Tenant Xxx 0000 (as inserted by section 22 of the Landlord and Tenant (Covenants) Act 1995) that the Landlord may (in addition to the Landlord’s right to impose other conditions) give consent to an assignment of the Property subject to any one or more of the following conditions:
  7.9.8.1   that:
  7.9.8.1.1   the assignor and
 
  7.9.8.1.2   anyone who has guaranteed the obligations of the assignor (except a guarantor under an Authorised Guarantee Agreement or a guarantor who has also guaranteed the obligations of the immediate predecessor in title of the assignor)
      enters into a guarantee with the Landlord guaranteeing the performance and observance by the assignee of the Tenant Covenants
  7.9.8.2   if reasonably required by the Landlord that (in addition to any guarantee under clause 7.9.8.1) a guarantor reasonably acceptable to the Landlord enters into a guarantee with the Landlord guaranteeing the performance and observance by the assignee of the Tenant Covenants
 
  7.9.8.3   that the proposed assignee shall join in the licence to assign to give a direct covenant to the Landlord to pay to the Landlord any ascertained amounts due under this Lease from the Tenant to the Landlord at the date of completion of the assignment
 
  7.9.8.4     
  7.9.8.4.1   if the proposed assignee or where there are joint proposed assignees each proposed assignee is in the case of an individual ordinarily resident outside the United Kingdom or is in the case of a body corporate incorporated outside the United Kingdom or

22

 

  7.9.8.4.2   if reasonably required by the Landlord in the case of any other assignee
      that the proposed assignee delivers to the Landlord on the completion of the proposed assignment either:
  7.9.8.4.2.1   a rent deposit of an amount equal to the Landlord’s reasonable estimate of the Rent and Service Charge (plus VAT) payable under this Lease for the six months (or such longer period as the landlord reasonably requires) immediately following completion of the proposed assignment to be held by the Landlord for as long as the proposed assignee has any liability under this Lease together with a duly executed deposit deed in such form as the Landlord reasonably requires or (at the discretion of the proposed assignee)
 
  7.9.8.4.2.2   a guarantee from a London clearing bank in such form as the Landlord reasonably requires
  7.9.8.5   that the Landlord may revoke the consent before completion of the assignment if:
  7.9.8.5.1   any event referred to in clauses 11.4.1 11.4.2 11.4.3 and 11.5.1 to 11.5.5 (inclusive) has occurred in relation to the proposed assignee or any proposed guarantor offered by the proposed assignee or
 
  7.9.8.5.2   the assignment is not completed within sixteen (16) weeks after the date of consent
      Any guarantee under this clause 7.9.8 (except a guarantee under clause 7.9.8.4.2.2 shall be in the form of the guarantee contained in clause 16 but where applicable with the assignee substituted for the Original Tenant and with such other amendments as the Landlord reasonably requires and (where the assignor is giving a guarantee) any further amendments required to create a Authorised Guarantee Agreement

23

 

  7.9.9   In respect of any circumstances or condition specified in clauses 7.9.7 and 7.9.8 which is framed by reference to any matter falling to be determined by the Landlord or by any other person for the purposes of this Lease (except where the power to determine such matter is required to be exercised reasonably) the Tenant has an unrestricted right to have any determination reviewed by an independent surveyor in accordance with clause 14.3
  7.10   Registration of assignments etc.
  7.10.1   Within one month after its date to produce to the Landlord’s solicitors every assignment underlease charge or other document evidencing a devolution of the whole or any part of the Property. As the same time to provide the Landlord’s solicitors with a true copy of the document
 
  7.10.2   On production of a document under clause 7.10.1 to pay to the Landlord’s solicitors a reasonable registration fee of not less than fifty pounds (£50) plus VAT
  7.11   Information
  7.11.1   To produce to the Landlord on request (but not more frequently than may be reasonable) all plans documents and other evidence which the Landlord may reasonably require in order to be satisfied that the Tenant has complied with its obligations under this Lease
 
  7.11.2   When requested to supply to the Landlord full details of all occupations of the Property and derivative interests in the Property however remote
 
  7.11.3   As soon as reasonably practicable to notify the Landlord in writing of each change in the principal address of the Tenant (including in the case of an individual a change in the usual place of residence and in the case of a Tenant with a registered office a change in the address of the registered office)
  7.12   Alterations
  7.12.1   Not to alter or add to the structure or exterior of the Property

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  7.12.2   Not without the Landlord’s consent (which shall not be unreasonably withheld or delayed) to alter or extend:
  7.12.2.1   the electrical installation (including wiring) in the Property
 
  7.12.2.2   any gas installation (including piping) in the Property or
 
  7.12.2.3   any air conditioning system in the Property
  7.12.3   Not to make any other alterations or additions to the Property without the Landlord’s consent (which shall not be unreasonably withheld or delayed) Provided that notwithstanding clause 7.12.1 the Tenant may fit out the Property to their specification as approved by the Landlord such approval not to be unreasonably withheld or delayed
 
  7.12.4   On any application for consent to alter to supply to the Landlord with two (2) sets of a specification and detailed drawings identifying the proposed works
 
  7.12.5   Not without the Landlord’s consent (which shall not be unreasonably withheld or delayed) to fix place or leave anything (for example any aerial satellite dish telecommunications equipment lighting shade or awning) on the exterior of the Property
 
  7.12.6   If required by the Landlord to reinstate the Property by the end of the Tenancy under the supervision and to the reasonable satisfaction of the Landlord’s Surveyor to the condition it was in before the carrying out of any permitted alterations or additions but for the avoidance of doubt the Tenant shall not be required to:
  7.12.6.1   remove any internal partitioning at the Property by the end of the Tenancy
 
  7.12.6.2   remove any raised floors at the Property by the end of the Tenancy
 
  7.12.6.3   remove any items which it installed at the Property during the term granted by the Previous Lease with the Landlord’s authorisation as evidenced by the Licences except for the following which must be removed at the

25

 

      end of the Tenancy:
  7.12.6.3.1   moveable office furniture and equipment (but for the avoidance of doubt not any demountable partitioning)
 
  7.12.6.3.2   telecom cables & PABX system including handsets
 
  7.12.6.3.3   specialist production equipment and associated power provisions
 
  7.12.6.3.4   Removal of specialist installations associated with Communications Room
 
  7.12.6.3.5   external generator
 
  7.12.6.3.6   Tenant’s signage both from the interior and exterior of the Property
 
  7.12.6.3.7   Tenant’s satellite dish erected at the Property
  7.12.7   It is hereby agreed between the Landlord and the Tenant that no consent is necessary for the erection of the satellite dish which has been erected by the Tenant at the Property during the term of the Previous Lease but this shall not apply to any further installation.
  7.13   Signs and notices
 
      Not to place or display any signs and notices on the Property which can be seen from outside the Property except that the Tenant may display external signs giving the Tenant’s name and business the size style and position of which have been first approved by the Landlord such approval not to be unreasonably withheld or delayed
 
  7.14   Cost of removal by Landlord of unauthorised signs etc.
 
      If anything is fixed placed displayed or left on the Property in breach of clause 7.12 or 7.13 to pay to the Landlord within fourteen (14) days after a written

26

 

      demand the reasonable and proper cost of removal incurred by the Landlord
  7.15   Service installations
  7.15.1   To pay to the suppliers and to indemnify the Landlord against all charges for electricity gas water telephone and other services consumed or used at or for the Property (including meter rents)
 
  7.15.2   To comply with the requirements and regulations of the suppliers of electricity gas water telephone and other services relating to the installations in the Property
 
  7.15.3   Not to overload the electrical installation in the Property. To maintain the electrical installation any gas installation and any air conditioning system in a safe condition
  7.16   Nuisance
 
      Not to do anything on the Property which causes a nuisance damage or annoyance to the Landlord or others provided that it is hereby agreed that the use of the Property for purposes permitted under this Lease shall not of itself amount to a breach of this clause
 
  7.17   Use
  7.17.1   Not to use the Property:
  7.17.1.1   for any illegal or immoral purposes
 
  7.17.1.2   for any offensive noisy or dangerous trade business or manufacture
 
  7.17.1.3   as a betting office a booking office a theatrical agency an employment agency or a travel agency
 
  7.17.1.4   as a sex establishment (as defined in the Local Government (Miscellaneous Provisions) Act 1982) or
 
  7.17.1.5   for any diplomatic use
  7.17.2   To use the Property only for the purpose stated in clause 1.8 or for such other purpose as the Landlord shall approve which approval shall

27

 

      not be unreasonably withheld or delayed
  7.18   Overloading
 
      Not to overload the Property
 
  7.19   Notices
  7.19.1   To supply the Landlord with a copy of any notice order direction or proposal of any competent authority affecting the Property as soon as reasonably possible after it has been received by the Tenant
 
  7.19.2   To comply with any such notice order direction or proposal or at the request and cost of the Landlord to make or join with the Landlord in making such objections or representations relating to it as the Landlord may reasonably require except where the Tenant reasonably considers that any such objections or representations are against its best interests or those of any undertenant
  7.20   Planning
  7.20.1   Not to commit any breach of Planning Control. To comply with all provisions and requirements under the Planning Acts which affect the Property
 
  7.20.2   Not without the Landlord’s consent (such consent not to be unreasonably withheld or delayed and which consent shall not be required in relation to applications in respect of the signage of the Property) to apply for planning permission relating to the Property or to implement any planning permission
 
  7.20.3   Unless the Landlord gives written notice to the contrary to carry out before the end of the Tenancy any works required to be carried out to the Property as a condition of any planning permission obtained by or for the Tenant or anyone having an interest in the Property inferior to that of the Tenant. This applies even if the planning permission does not required the works to be carried out until later
  7.21   Encroachments
  7.21.1   Not to stop up darken or obstruct any window at the Property

28

 

  7.21.2   So far as reasonably possible to preserve all easements and rights enjoyed by the Property and to help the Landlord prevent anyone acquiring any easement or right over the Property
  7.22   Maintenance agreements
 
      ‘To maintain in force throughout the Tenancy agreements with competent contractors approved by the Landlord (such approval not to be unreasonably withheld or delayed) for the maintenance repair and upkeep of the any electrical and mechanical equipment and apparatus and other plant and machinery in and serving the Property
 
  7.23   Defective premises
  7.23.1   Promptly to give written notice to the Landlord upon becoming aware of any defect in the Property which might result in an obligation on the Landlord to do or to stop doing anything (for example in order to comply with the provisions of this Lease or the duty of care imposed by the Defective Premises Act 1972)
 
  7.23.2   To display and maintain all notices relating to the condition of the Property which the Landlord shall reasonably require the Tenant to display at the Property
  7.24   Landlord’s rights
 
      To allow the Landlord to exercise its rights under this Lease free from interference by the Tenant
 
  7.25   Landlord’s regulations
 
      To comply with the regulations a copy of which is annexed
 
  7.26   The CDM Regulations
 
      Where works are carried out on or for the benefit of the Property to which the Construction (Design and Management) Regulations 1994 (“the CDM Regulations”) apply and the works are carried out by or on behalf of the Tenant or anyone having an interest in the Property inferior to this Lease:
  7.26.1   to comply with the CDM Regulations and to procure that any person

29

 

      involved in carrying out such works complies with the CDM Regulations
 
  7.26.2   to act (or if the works are to be carried out by an undertenant to procure that the undertenant acts) as the only client for the works and before commencing the works to make (or procure the making of) a declaration to that effect in accordance with Regulation 4 of the CDM Regulations
 
  7.26.3   to comply with the following obligations in respect of the health and safety file covering the works:
  7.26.3.1   to provide the Landlord:
  7.26.3.1.1   with a copy of the file on completion of the works and
 
  7.26.3.1.2   with copies of the whole or any part of the file at any time on request
  7.26.3.2   to make the file available for inspection by the Landlord on request
 
  7.26.3.3   to hand over the file to the Landlord at the end of the tenancy created by this Lease and any renewals of this Lease
  7.26.4   as soon as reasonably practical after becoming aware of any relevant information concerning health and safety relating to the Property to provide such information to the Landlord
 
  7.26.5   to allow the Landlord and its agents to use any documents and other information (including the making of copies) supplied by the Tenant under this clause 7.26 for any purpose connected with the Property
 
  7.26.6   to obtain all necessary copyright licences permitting the use of the documents and other information under the provisions of clause 7.26.5
  7.27   Landlord’s costs
  7.27.1   To pay on an indemnity basis the reasonable and proper legal charges surveyors fees bailiffs charges and other costs and expenses

30

 

      reasonably and properly incurred by the Landlord and any superior landlord in relation to:
  7.27.1.1   applications by the Tenant for the Landlord’s consent (including cases where consent is reasonably refused or the application is withdrawn) unless such refusal is unlawful whether because it is unreasonable or otherwise
 
  7.27.1.2   the preparation and service of a schedule of dilapidations during or after the expiration of the Tenancy (but if after the expiration of the Tenancy only in respect of wants of repair occurring during the Tenancy and where served within three months after the expiration of the Tenancy) or a notice or proceedings under Sections 146 or 147 of the Law of Property Xxx 0000 (even if forfeiture is avoided otherwise than by relief granted by the court)
 
  7.27.1.3   the recovery of any sums due to the Landlord from the Tenant or
 
  7.27.1.4   enforcing or requiring the Tenant to remedy a breach of the provisions of this Lease
  7.27.2   Where the Landlord could recover the cost of advice or services under clause 7.27.1 if undertaken by a third party but the Landlord or a Group Company of the Landlord provides the advice or services to pay to the Landlord the amount that would have been payable by the Tenant if that advice or service had been provided by a third party
  7.28   Indemnities
 
      To keep the Landlord indemnified against all liabilities losses and expenses incurred by the Landlord arising out of the negligence or wrongful act of the Tenant or any breach of the tenant’s covenants in this Lease
 
  7.29   Yield up
 
      At the end of the Tenancy to give up the Property:
  7.29.1   repaired carpeted decorated and if required by the Landlord reinstated

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      in accordance with any obligations under this clause 7 and
 
  7.29.2   clear of any goods and refuse and any tenant’s fixtures and with all damage caused by such removal made good
 
  7.29.3   with all keys and electronic passes relating to the Property and
 
  7.29.4   with all signs and notices put up by the Tenant removed and all damage caused by removal made good
and the parties hereby agree that if the Tenant shall comply with the obligations contained in this clause 7.29 it shall have no further liability to the Landlord by way of dilapidations pursuant either to this Lease or to the Previous Lease
  7.30   VAT
  7.30.1   To pay to the Landlord and to indemnify the Landlord against any VAT chargeable in respect of:
  7.30.1.1   the rents payments and other consideration payable or given by the Tenant to the Landlord or to any person on the Landlord’s behalf and any supply made by the Landlord to the Tenant under or in connection with this Lease and
 
  7.30.1.2   any payments made by or other liability of the Landlord or any other person where the Tenant agrees in this Lease to reimburse or indemnify the Landlord in respect of any such payment or liability except to the extent that the Landlord is entitled to a credit for such VAT as allowable input tax
Provided that the Landlord will provide a valid VAT invoice in the Tenant’s name
  7.30.2   For the avoidance of doubt:
  7.30.2.1   the Landlord shall not be under any duty to exercise or not to exercise any option or right so as to reduce or avoid any liability to VAT in respect of the Property and
 
  7.30.2.2   it is confirmed that the amounts due under this Lease from the Tenant to the Landlord are exclusive of VAT

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8.   LANDLORD’S COVENANTS
 
    The Landlord covenants with the Tenant:
 
    Quiet enjoyment
 
    That as long as the Tenant pays the rents and complies with the terms of this Lease the Tenant may enjoy the Property peaceably during the Tenancy without any interruption (except as authorised by this Lease) by the Landlord or any person lawfully claiming through under or in trust for the Landlord
 
9.   INSURANCE
  9.1   Landlord to insure Property
 
      The Landlord shall insure the Property (but not Tenant’s fixtures) so far as such insurance is reasonably available
  9.1.1   with a reputable insurance company or with reputable underwriters
 
  9.1.2   for the following sums:
  9.1.2.1   the full reinstatement value of the Property (except usual voluntary excesses) including the cost of shoring up demolition and site clearance fees an allowance for inflation and VAT on all such sums
 
  9.1.2.2   loss of the Rent reasonably estimated by the Landlord’s Surveyor to be payable for three (3) years or such longer period as the Landlord’s Surveyor may reasonably consider necessary for planning and carrying out the reinstatement or rebuilding of the Property
  9.1.3   against damage or destruction by the Insured Risks
 
  9.1.4   on terms that the insurers waive their rights of subrogation against the Tenant in respect of the Property and
 
  9.1.5   on terms not imposing unreasonable conditions having regard to general market conditions at the time
but subject to such excesses exclusions and limitations and other terms as the

33

 

insurers may imposed
  9.2   Additional Landlord’s fixtures
 
      If the Tenant installs fixtures which become Landlord’s fixtures the Tenant shall notify the Landlord in writing of the reinstatement value so that the Landlord can arrange adequate insurance cover
  9.3   Landlord to inform Tenant of insurance cover
  9.3.1   On request by the Tenant (and payment by the Tenant to the Landlord of a reasonable fee) the Landlord shall produce to the Tenant reasonable evidence of the terms of the insurance policy and of payment of the current premium
 
  9.3.2   The Landlord shall notify the Tenant in writing of any material changes in the risks covered and material changes in the terms of the policy with which the Tenant must comply
  9.4   Damage to Property
  9.4.1   If the Property or its essential accesses or services are damaged or destroyed by an Insured Risk or an Excluded Risk:
  9.4.1.1   unless payment of any of the insurance money is refused because of an act or default of the Tenant and
 
  9.4.1.2   subject to the Landlord (using its best endeavours) being able to obtain any necessary consents and
 
  9.4.1.3   subject to the necessary labour and materials being and remaining available
the Landlord shall subject to clause 9.5 reinstate the damaged part or rebuild the Property (but not so as to provide accommodation identical in layout if it would not be reasonably practicable to do so) as quickly as reasonably possible
  9.4.2   The Landlord shall use reasonable efforts to obtain the necessary consents (short of making appeals) labour and materials

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  9.4.3   The Tenant shall on request vacate the Property and remove its fixtures and effects to allow the Landlord to reinstate the Property
  9.5   Option to terminate following damage by an Insured Risk
 
      If the whole or a substantial part of the Property is made unfit for use by damage or destruction caused by an Insured Risk and:
  9.5.1   the damage or destruction occurs during the last four (4) years of the Contractual Term or
 
  9.5.2   the reinstatement or rebuilding of the Property has not been completed by the third (3rd) anniversary of the date of such damage or destruction
either the Landlord or the Tenant may terminate this Lease by notice in writing to the other. The notice may only be given within six (6) months after either the date of such damage or destruction under clause 9.5.1 or the third (3rd) anniversary referred to in clause 9.5.2 (as the case may be). On service of the notice this Lease shall terminate but without prejudice to any claim of the Landlord or the Tenant for an earlier breach of covenant by the other. On termination of this Lease the insurance money shall belong to the Landlord
  9.6   Option to terminate following damage by an Excluded Risk
  9.6.1   If the whole or a substantial part of the Property is made unfit for use by damage or destruction caused by an Excluded Risk the Landlord may elect not to reinstate the Property. Any such election shall be made by the Landlord serving notice in writing (“Non-Reinstatement Notice”) on the Tenant within six (6) months after the date of such damage or destruction
 
  9.6.2   If the Landlord serves a Non-Reinstatement Notice:
  9.6.2.1   the Landlord (despite any other provisions of this Lease) shall not be under any obligation to reinstate the Property and
 
  9.6.2.2   either the Landlord or the Tenant may terminate this Lease by notice in writing to the other. Such a notice (“Termination Notice”) may only be given within six (6) months after the

35

 

      date of service of the Non-Reinstatement Notice. On service of a Termination Notice this Lease shall terminate but without prejudice to the claim of either the Landlord or the Tenant for any earlier breach of covenant by the other. On termination of this Lease the insurance money shall belong to the Landlord
  9.7   Application by Tenant for new lease following termination
  9.7.1   If following:
  9.7.1.1   termination of this Lease under clause 9.5 or
 
  9.7.1.2   service of a Termination Notice under clause 9.6
the Tenant makes an application for a new lease of the Property under the Landlord and Xxxxxx Xxx 0000 then clause 9.7.2 shall apply
  9.7.2   Notwithstanding clauses 7.4.7 7.4.8 and 10 the Tenant:
  9.7.2.1   shall so far as reasonably possible make good the destruction of or damage to the Property caused by an Insured Risk or an Excluded Risk which gave rise to the termination of this Lease under clause 9.5 or the service of a Termination Notice (as the case may be) and
 
  9.7.2.2   shall continue paying the Rent and the Insurance Rent from the date of the destruction or damage referred to in clause 9.7.2.1
  9.8   Tenant’s obligations in respect of Landlord’s insurances
  9.8.1   The Tenant shall not by act or omission do anything which:
  9.8.1.1   adversely affects any Landlord’s insurance relating to the Property or
 
  9.8.1.2   causes any increase in the insurance premium payable for any such insurance unless the Tenant has obtained the Landlord’s approval and has agreed to pay the additional premium or

36

 

  9.8.1.3   otherwise prevents the Landlord from renewing any such insurance on terms that would have applied but for the Tenant’s act or omission
  9.8.2   The Tenant shall comply with the requirements and reasonable recommendations of the insurers of the Property and the fire authority and the reasonable requirements of the Landlord in respect of the Property relating to:
  9.8.2.1   explosive and specially flammable articles substances and liquids
 
  9.8.2.2   the provision and maintenance of fire fighting equipment and
 
  9.8.2.3   fire and safety precautions
  9.8.3   The Tenant shall repay to the Landlord within fourteen (14) days after a written demand all increased premiums paid and all losses and damages suffered by the Landlord because of a breach by the Tenant of this clause 9.8
 
  9.8.4   The Tenant shall immediately upon becoming aware of the happening of any such event inform the Landlord in writing of any circumstance in respect of the Property which might affect or lead to a claim on any Landlord’s insurance relating to the Property
 
  9.8.5   If because of the Tenant’s act or default any insurance money under the insurance policy arranged by the Landlord or a superior landlord (other than in respect of the loss of rents) is wholly or partially irrecoverable the Tenant shall pay to the Landlord within fourteen (14) days after a written demand the irrecoverable amount but not so as to require payment before the equivalent insurance money would have been payable. On payment clause 9.4 shall apply as though the insurance money had been recoverable
  9.9   Tenant’s insurance
  9.9.1   The Tenant shall maintain in force throughout the Term insurance in respect of the Property against any act or default of the Tenant which gives rise to a liability to third parties for injury to or death of any

37

 

      person or damage to any property
 
  9.9.2   The Tenant shall produce to the Landlord on request the policy relating to any insurance specified in clause 9.9.1 and evidence of payment of the current premium
 
  9.9.3   The Tenant shall indemnify the Landlord in respect of any loss or damage against which the Tenant is obliged to insure under this clause 9.9
 
  9.9.4   The Tenant shall not arrange any insurance of the Property against an Insured Risk. If the Tenant has the benefit of any such insurance the Tenant shall hold all money receivable under such insurance in trust for the Landlord
10.   SUSPENSION OF RENT
  10.1   Application
 
      This clause 10 applies (subject to clause 9.7.2) if the Property or its essential accesses or services are damaged destroyed by an Insured Risk or (unless caused by the act or default of the Tenant) an Excluded Risk so that any part of the Property is unfit for use
 
  10.2   Suspension
 
      The whole or a Fair Proportion of the Rent according to the extent of the damage shall be suspended until the earlier of:
  10.2.1   the date that the whole of the Property (with the necessary services) is again fit for use and
 
  10.2.2   the expiration of the period of three (3) years from the date of the damage or if longer the period of the loss of rent covered by the Landlord’s insurance except to the extent that payment of any of the insurance money in respect of the loss of rents is refused because of an act or default of the Tenant
  10.3   Disputes
 
      Any dispute about this clause 10 shall be settled by Arbitration. If before an

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      application is made for the appointment of an arbitrator the Landlord so elects by notice in writing served on the Tenant a dispute will instead be determined by an independent surveyor
11.   FORFEITURE
 
    If any of the following events occur:
  11.1   any rents are unpaid for twenty one (21) days after becoming due (whether formally demanded or not)
 
  11.2   there is a breach by the Tenant or the Guarantor (if any) of any covenant or other terms of this Lease
 
  11.3   the Tenant or the Guarantor (if any) enters into an arrangement or composition for the benefit of creditors
 
  11.4   the Tenant or the Guarantor (if any) being an individual (or if more than one individual then any one of them):
  11.4.1   becomes bankrupt
 
  11.4.2   makes an application to the Court for an interim order under Part VIII of the Insolvency Xxx 0000 or
 
  11.4.3   has been served with a statutory demand under the Insolvency Xxx 0000 which has not been satisfied
  11.5   the Tenant or the Guarantor (if any) being a body corporate (or if more than one of them is a body corporate then any one of them):
  11.5.1   has a winding up petition or a petition for an administration order presented against it
 
  11.5.2   is subject to a resolution by the directors or shareholders to present a petition for an administration order
 
  11.5.3   has an administration order made in respect of it
 
  11.5.4   passes a winding up resolution or enters into liquidation (other than a winding up or liquidation for the purpose of reconstruction or amalgamation or a solvent body corporate) or

39

 

  11.5.5   has a receiver or an administrative receiver or a receiver and manager appointed
or
  11.6   execution or distress is levied on the Tenant’s goods in the Property
then the Landlord may by re-entering any part of the Property forfeit this Lease and the Tenancy shall immediately end but without prejudice to any other rights and remedies of the Landlord or the Tenant. Provided however that in the event that this Lease is mortgaged at the time of the proposed re-entry and the Landlord has been given notice of the existence of the mortgage then prior to such re-entry or proceedings therefore the Landlord will service a notice of such proceedings and proposed re-entry on the mortgagee at the mortgagee’s last known address
12.   DECLARATIONS WARRANTIES AND MISCELLANEOUS
  12.1   Representations and exclusion of use warranty
  12.1.1   The Tenant acknowledges that this Lease has not been entered into in reliance on any representation made by or on behalf of the Landlord
 
  12.1.2   Nothing in this Lease or in any consent granted by the Landlord shall imply a warranty by the Landlord that the Property may be used for any specific purpose under the Planning Acts
  12.2   Accidents
 
      The Landlord is not liable to the Tenant nor to any other person for:
  12.2.1   any damage to or loss of any goods or property sustained in the Property or
 
  12.2.2   any other damage loss accident happening or injury not caused or contributed to by the negligence of the Landlord or any employee of the Landlord
  12.3   Payments recoverable as rent
 
      Amounts payable by the tenant and any guarantor under this Lease not expressly reserved as rent shall be recoverable as if they were rent

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  12.4   Release of the Landlord
 
      The obligations on the Landlord under this Lease shall not be binding on or enforceable against any person who has ceased to be the Landlord to the extent that the obligations relate to any time after that person has ceased to be the Landlord
 
  12.5   Service of notices
 
      The provisions of section 196 of the Law of Property Act 1925 (as amended by the Recorded Delivery Service Act 1962) and section 23 of the Landlord and Xxxxxx Xxx 0000 shall apply to the service of all notices under or in connection with this Lease except that section 196 of shall be deemed to be amended by the deletion of the words “and that service ... be delivered” at the end of section 196(4) and the substitution of the words “... and that service shall be deemed to be made on the third Working Day after the registered letter has been posted; “Working Day” meaning any day from Monday to Friday (inclusive) other than Christmas Day Good Friday and any statutory bank or public holiday”
 
  12.6   Jurisdiction of the English courts
 
      The parties including any Guarantor submit to the exclusive jurisdiction of the English courts on all matters relating to this Lease
13.   TENANT’S OPTION TO TERMINATE
  13.1   The Tenant may terminate this Lease on the 25th December 2011 by giving to the Landlord not less than twelve (12) calendar months notice in writing and on the expiry of such notice:
  13.1.1   this Lease shall come to an end but without prejudice to the rights of either party against the other for any antecedent breach of covenant
 
  13.1.2   the Tenant shall give vacant possession of the whole of the Property, and
 
  13.1.3   the Tenant shall cancel any notice, caution or land charge registered to protect this Lease and shall, if the title to this Lease is registered at HM Land Registry, assist the Landlord in cancelling such title.
  13.2   In the event that this Lease does not terminate on the 25th December 2011 in

41

 

      accordance with clause 13.1 then the Tenant shall be entitled to an additional rent free period commencing on 25th December 2011 and ending on 25th March 2012
14.   ARBITRATION OR DETERMINATION BY EXPERT
  14.1   Contrary Provision
 
      Any contrary provision elsewhere in this Lease shall modify the provisions of this clause 14
 
  14.2   Arbitration
  14.2.1   Where this Lease provides for reference to Arbitration a reference shall be made in accordance with the Arbitration Xxx 0000 to a single arbitrator
 
  14.2.2   The arbitrator may be appointed by the Landlord and the Tenant jointly. Otherwise the arbitrator shall be nominated by the President of the RICS on the application of either the Landlord or the Tenant
 
  14.2.3   If an appointed or nominated arbitrator dies or declines to act or it becomes clear that he will be unable to complete his duties a replacement shall be appointed or nominated by the same process
  14.3   Determination by an expert
  14.3.1   Where this Lease provides for reference to the determination on an independent surveyor a reference shall be made on the terms of clause 14.4 to the determination of a single independent surveyor
 
  14.3.2   The surveyor may be appointed by the Landlord and the Tenant jointly or in the absence of agreement on a joint appointment shall be nominated by the President of the RICS on the application of either the Landlord or the Tenant
 
  14.3.3   The surveyor shall act as an expert (not as an arbitrator) on the terms set out in clause 14.4
  14.4   Expert’s terms of appointment

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  14.4.1   The surveyor shall give to the Landlord and the Tenant notice in writing of his appointment. In that notice the surveyor shall invite the Landlord and the Tenant to submit within a specified time period not exceeding four (4) weeks their respective proposals and representations
 
  14.4.2   The surveyor shall:
  14.4.2.1   consider the proposals and representations submitted to him (but not be limited or fettered by them)
 
  14.4.2.2   be entitled to rely on his own judgment and opinion
 
  14.4.2.3   state any reasons for his decision and
 
  14.4.2.4   within eight (8) weeks after his appointment or within such extended period as the Landlord and Tenant may agree give to the Landlord and the Tenant written notice of his decision
and his decision shall be final and binding on the Landlord the Tenant and the Guarantor (if any)
  14.4.3   If the surveyor:
  14.4.3.1   does not give notice of his decision within the time and in the manner referred to in clause 14.4.2
 
  14.4.3.2   resigns from his appointment or
 
  14.4.3.3   dies
 
  or if for any reason it becomes clear that he will be unable to complete his duties the Landlord or the Tenant may appoint or apply for the nomination of a new surveyor in his place and this procedure may be repeated as many times as necessary
  14.4.4   In the absence of any direction by the surveyor as to how his fees or charges are to be borne the Landlord and the Tenant shall bear them equally
 
  14.4.5   If the provisions for an independent surveyor to determine the issue fail completely the issue shall then be referred to Arbitration

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  14.5   Experience of arbitrator or expert
 
      The arbitrator or independent surveyor shall if reasonably practicable be a surveyor experienced in the valuation or letting of premises similar to the Property
 
  14.6   Non-payment of costs of arbitrator or expert
 
      This clause 14.6 applies if the arbitrator or independent surveyor is ready to make his award but is unwilling to do so due to the failure by one party to pay its share of the costs of the award. If one party fails to pay its share of the costs within fourteen (14) days after a written request the other party may pay that share and any amount so paid shall be a debt due immediately from the party in default to the other party
15.   RENT REVIEW
  15.1   Definitions
 
      In this clause the following definitions apply:
     
“Review Assumptions”
  the following assumptions at the relevant review Date:
 
    
 
 
(a)  that the property is fit for use and has been fully fitted out and equipped by and at the cost of the Landlord so as to be ready for immediate occupation and use for any purpose permitted under this lease by any prospective willing tenant
 
    
 
 
(b)  that no work other than work carried out in compliance with clause 7.8 has been carried out to the property during the Tenancy or under an agreement for the grant of this Lease which has reduced its rental value
 
    
 
 
(c)  that the Property is in as good a state of repair and decorative condition

44

 

     
 
 
(d)  that if the Property has been damaged or destroyed it has been fully restored
 
    
 
 
(e)  that the Property is available to let as a whole with vacant possession by a willing landlord to a willing tenant without a premium payable by the Tenant
 
    
 
 
(f)  that the letting is to be on the same terms as those contained in this Lease (other than the amount of the Rent) but subject to the following qualifications:
 
    
 
 
(i)  the term is to commence on the relevant Review Date and is to continue for ten (10) years with Tenant’s option to terminate after five years (5)
 
    
 
 
(ii)  the rent is to be subject to review on the terms of this clause 15 at five (5) yearly intervals after the commencement of the term of the letting
 
    
 
 
(iii)  the permitted use is to be that originally permitted by this Lease and by any consent given by the Landlord at the request of the Tenant before the relevant Review Date but taking into account any provisions entitling the Tenant to change the use with the Landlord’s consent
 
    
 
 
(iv)  where this Lease has been varied the variations are to be incorporated into the new lease unless the variation document expressly states otherwise
 
    
 
 
(g)  that the covenants by the Landlord and the Tenant in this Lease have been and will

45

 

     
 
 
continue to be fully performed and observed
 
    
 
 
(h)  that no reduction is to be made to take account of any rental concession which on a new letting with vacant possession might be granted to the incoming tenant for a period within which its fitting out works would be carried out
 
    
 
 
(i)  that the benefit of any planning or other consent or licence current at the relevant Review Date is available also for such willing tenant
 
    
 
 
(j)  that the Property may lawfully be used for the use originally permitted by this Lease and permitted by any consent given by the Landlord at the request of the Tenant before the relevant Review Date and
 
    
 
 
(k)  that any VAT chargeable on the rents is fully recoverable by the Tenant as an input for VAT purposes
 
    
“Excluded Review
  the following matters at the relevant Review Date:
Matters”
    
 
    
 
 
(a)  any effect on the rent of the fact that the Tenant or any subtenant or any predecessor in title of either is or has been in occupation of the Property
 
    
 
 
(b)  any goodwill attached to the Property by reason of the carrying on there of any business of the Tenant its subtenants or their predecessors in title to their respective businesses
 
    
 
 
(c)  any increase in rental value due to any improvements made to the Property before or after the date of this Lease by the Tenant or its

46

 

     
 
 
subtenants with any consents (where required) except improvements
 
    
 
 
(i)  made at the expense of or under an obligation to the Landlord or its predecessors in title or
 
    
 
 
(ii)  completed more than twenty one (21) years before the relevant Review Date

and for the avoidance of doubt the works specified in the attached schedule have been or will be carried out by the Tenant under an obligation to the Landlord (and so are not Excluded Matters)
 
    
 
 
(d)  any temporary legal restraint on making or recovering any increase in the Rent
 
    
 
 
(e)  any depreciatory effect on the rent because VAT is charged or chargeable on the rents
 
    
“Open Market Rent”
  the yearly rent making the Review Assumptions and disregarding the Excluded Review Matters which would reasonably be expected to be payable for the Property on a letting in the open market on the relevant Review Date
 
    
“Review Date”
  each date specified in clause 1.6.4
  15.2   New Rent
    From and including each Review Date the Rent will be:
  15.2.1   the sum agreed in writing between the Landlord and the Tenant at any time or
 
  15.2.2   in the absence of such agreement the greater of:
  15.2.2.1   the Rent payable as specified in clause 1.6.1 or if payment of the whole or part of the Rent has been suspended the Rent

47

 

      that would have been payable had there been no suspension and
 
  15.2.2.2   the Open Market Rent determined (but not earlier than the relevant Review Date) by Arbitration. If before an application is made for the appointment of an arbitrator the Landlord so elects by prior notice in writing served on the Tenant the determination will instead be made by an independent surveyor. Any application for the appointment of an arbitrator or an independent surveyor may be made at any time after (but not before) the date six (6) months before the relevant Review Date
  15.3   Memorandum
  15.3.1   Whenever a new Rent is agreed or determined under clause 15.2 the Landlord and the Tenant shall each execute a memorandum recording the agreed amount of the new Rent and the memoranda shall be exchanged
 
  15.3.2   The memoranda will be prepared by the Landlord and the parties shall bear their own costs in this respect
  15.4   Delay
 
    If the Rent payable from a Review Date (“the New Rent”) is not known until after that Review Date:
  15.4.1   the Rent payable immediately before the Review Date (“the Old Rent”) shall continue to be payable until the New Rent is ascertained and
 
  15.4.2   when the New Rent is ascertained the Tenant shall pay within fourteen (14) days after the date of ascertainment:
  15.4.2.1   any difference (“the Shortfall”) between the Old Rent and the New Rent for the period since the Review Date and
 
  15.4.2.2   interest at Base Rate on the Shortfall
  15.4.3   If interest is payable on the Shortfall it shall accrue separately on each instalment of the Shortfall from the date on which each instalment

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      would have been payable (had the New Rent been known by the Review Date) to the date of payment of the Shortfall or to the date fourteen (14) days after the New Rent becomes known whichever date is the sooner
16.   GUARANTEE
  16.1   Definition
    In this clause “Termination Event” means:
  16.1.1   the disclaimer of this Lease or
 
  16.1.2   the surrender of this Lease by a liquidator administrative receiver or trustee in bankruptcy or
 
  16.1.3    the forfeiture of this Lease or
 
  16.1.4    the Original Tenant (being a body corporate) ceasing to exist
  16.2   Guarantee
    The Guarantor covenants with and guarantees to the Landlord as a primary obligation and with joint and several liability as if the Guarantor were the tenant or a co-tenant with the Tenant:
  16.2.1   that the Original Tenant shall comply with its obligations:
  16.2.1.1   to pay the rents under this Lease including all increases whether implemented in accordance with this Lease or otherwise agreed or settled between the Landlord and the Original Tenant and
 
  16.2.1.2   to perform and observe the Tenant Covenants and
 
  16.2.1.3   to perform and observe the provisions of any Authorised Guarantee Agreement entered into by the Original Tenant under the terms of this Lease
  16.2.2   that the Guarantor shall indemnify the Landlord against all losses claims demands damages liabilities costs fees and expenses suffered by the Landlord as a result directly or indirectly of a breach by the

49

 

      Original Tenant of a Tenant Covenant or the happening of a Termination Event
  16.3   New lease on disclaimer etc.
  16.3.1   If the Landlord so requires by notice in writing served on the Guarantor within four (4) months after a Termination Event the Guarantor shall immediately take up a new lease of the Property. The terms of the new lease shall be such that under the combination of this Lease and the new lease the Landlord will be in the same position (so far as can be achieved) as if the Termination Event had not occurred and the Guarantor had been the tenant under this Lease. Without prejudice to these general words the new lease is to include the following provisions:
  16.3.1.1   the term shall commence on (and shall include) the day after the date of the Termination Event and continue for the balance of the Contractual Term and
 
  16.3.1.2   if on the date of the Termination Event there is an outstanding rent review:
  16.3.1.2.1   the second day of the term shall be a review date (“New Lease First Review Date”)
 
  16.3.1.2.2   for the purposes of the review of the Rent on the New Lease First Review Date (but not on any subsequent Review Date) the Open Market Rent shall be assessed as at the last Review Date in this Lease falling before the New Lease First Review Date
 
  16.3.1.2.3   pending ascertainment of the New Rent payable from the New Lease First Review Date (in accordance with the provisions for review of the Rent) the initial rent shall be the Rent payable under this Lease immediately before the date of the Termination Event and
 
  16.3.1.2.4   on ascertainment of the New Rent clause 15.4 shall apply and

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  16.3.1.3   the other terms shall be the same as the terms of this Lease with all provisions of a periodic nature including any relating to review of the Rent applying on the dates that would have applied if the Termination Event had not occurred
  16.3.2   The Guarantor shall pay the Landlord’s reasonable and proper costs and expenses in connection with the grant of the new lease
  16.4   Waiver by Guarantor of rights
  16.4.1   The Guarantor waives any right to require the Landlord to proceed against the Original Tenant or to pursue any other remedy which may be available to the Landlord before proceeding against the Guarantor
 
  16.4.2   The Guarantor shall not claim in any liquidation bankruptcy composition or arrangement of the Original Tenant in competition with the Landlord
 
  16.4.3   While any liabilities of the Original Tenant or the Guarantor to the Landlord remain outstanding:
  16.4.3.1   the Guarantor shall pay to the Landlord the proceeds of all judgments and distributions it receives from any liquidator trustee in bankruptcy or supervisor of the Original Tenant
 
  16.4.3.2   the Guarantor shall hold for the benefit of the Landlord all security and rights the Guarantor may have over assets of the Original Tenant
 
  16.4.3.3   the Guarantor shall not be entitled to benefit from any security held by the Landlord in respect of the Original Tenant’s obligations to the Landlord under this Lease and
 
  16.4.3.4   the Guarantor shall not be entitled to stand in the place of the Landlord in respect of any such security
  16.5   Guarantor’s liability not to be prejudiced
 
      The Guarantor’s liability under this clause 16 is not to be discharged or reduced by any of the following:

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  16.5.1   any time or indulgence granted by the Landlord to the Original Tenant or any neglect or tolerance by the Landlord in enforcing the Original Tenant’s obligations
 
  16.5.2   the Landlord’s refusal to accept rent tendered when acceptance of rent might have jeopardised the Landlord’s right of forfeiture
 
  16.5.3   any change in the constitution structure or powers of the Original Tenant the Guarantor or the Landlord
 
  16.5.4   the liquidation administration or bankruptcy of the Original Tenant or the Guarantor
 
  16.5.5   any legal limitation or any immunity disability or incapacity of the Original Tenant whether or not known to the Landlord or any dealings with the Landlord by the Original Tenant outside the powers of the Original Tenant
 
  16.5.6   a variation of the terms of this Lease by agreement between the Landlord and the Original Tenant or
 
  16.5.7   any other thing by which (but for this provision) the Guarantor would have been released
  16.6   Surrender of part by Original Tenant
 
      If the Original Tenant surrenders part of the Property
  16.6.1   the liability of the Guarantor shall continue in respect of the remainder after making any necessary apportionments under section 140 of the Law of Property Xxx 0000 and
 
  16.6.2   any new lease granted under clause 16.3 shall be of the part of the Property that has not been surrendered
  16.7   Benefit of guarantee
 
      Successors of the Landlord shall automatically be entitled to the benefit of this guarantee without the need for an assignment
  16.8   Change of address

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      The Guarantor shall forthwith notify the Landlord in writing of each change in the principal address of the Guarantor (including in the case of an individual a change in the usual place of residence and in the case of a Guarantor with a registered office a change in the address of the registered office)

53

 

EXECUTED BY THE PARTIES AS A DEED and delivered on but not before the date inserted as the date of this Lease
         
EXECUTED as a Deed by URBAN
GENERATION (GATLEY) LIMITED acting
by two directors or a director and the
secretary
  )
)
)
)		    
 
                 [illegible]
 
       
 
      Director
 
                 [illegible]
 
       
 
      Director/Secretary
 
        
EXECUTED as a Deed by INTERVOICE
LIMITED acting by two directors or a
director and the Secretary
  )
)
)		    
 
       /s/ Xxxxxxx Xxxxxx
 
       
 
      Director
 
       /s/ Xxxxx Xxxxxxxx
 
       
 
      Director/Secretary

54

 

REGULATIONS
1   Music
Tenants must not play or use any musical instruments or equipment which produces sound in their premises which can be heard outside their premises
2   Animals
Tenants must not keep any live animals (other than guide dogs) fish reptiles or birds in their premises
3   Pests
Tenants must keep their premises free from rats mice and other pests
4   Rubbish
Tenant must keep all rubbish and refuse in properly covered rubbish bins to the reasonable satisfaction of the Landlord and arrange for the removal of all refuse from their premises at least weekly
5   Residence
Tenants must not allow any person to reside or sleep on their premises
6   Auction
Tenants must not hold any sale by auction on their premises
7   Safes and other heavy objects
Tenants must not bring any safe or other very heavy object on to their premises without the Landlord’s consent such consent not to be unreasonably withheld or delayed
8   Window xxxxx and balconies
Tenants must not place flower pots window boxes or other articles on external window xxxxx and balconies

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THE SCHEDULE
Of works referred to in item (c) in the definition of Excluded Review Matters in clause 15.1
Items to be included at rent review
             
1   Air conditioning systems in the following areas:
 
            
 
  Ground floor   -   Production Commissioning Area (Stonepail Close elevation)
 
            
 
      -   Training Rooms and Training Equipment Room (south wing overlooking rear car park)
 
            
 
      -   VSD Lab and Development Systems areas
 
            
 
      -   VM2000 Lab
 
            
 
      -   Customer Test Area
 
            
 
  First Floor   -   None
 
            
 
  Second Floor   -   Conference Room Nos. 1 and 2
 
            
2   Rearrangement of car park comprising 84 spaces to provide an additional 6 spaces
 
            
3   Unisex shower to be provided on first or second floor in existing toilet block
 
            
4   Additional service trunking similar to existing perimeter trunking to be provided to the six internal columns on each floor

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Filed: March 28th, 2007
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