EXHIBIT 10.53
EXECUTION COUNTERPART
LEASE AGREEMENT
THIS LEASE AGREEMENT (this "Lease"), made and entered into as of April 1,
1998 by and among Xxxx X. Xxxx and Xxxxx X. Xxxx, hereinafter referred to
collectively as "Landlord," and XX00 Xxxxxxxxxxx Corp., a Delaware corporation,
hereinafter referred to as "Tenant";
W I T N E S S E T H:
1. PREMISES. Landlord hereby leases unto Tenant and Tenant hereby leases
from Landlord, subject to the terms, covenants and conditions of this Lease,
that certain tract of land (the "Land") located in Upper Marlboro, Prince
Georges County, Maryland, and more particularly described on EXHIBIT "A"
attached hereto, together with all buildings, improvements and fixtures located
thereon (the "Improvements") and the non-exclusive use of all rights, easements,
privileges and appurtenances thereto (said Land, Improvements and appurtenances
being hereinafter sometimes collectively referred to as the "Premises").
2. TERM. The term of this Lease shall commence April 1, 1998 (the
"Commencement Date") and end sixty (60) months thereafter on April 1, 2003 (the
"Initial Term"). Upon the expiration of the Initial Term, a second term shall
immediately commence and end sixty (60) months thereafter on April 1, 2008 (the
"Second Term"), unless Tenant shall give written notice to Landlord at least one
hundred twenty (120) days in advance of the expiration of the Initial Term of
Tenant's election not to renew the Lease. Upon the expiration of the Second
Term, a third term shall immediately commence and end sixty months thereafter on
April 1, 2013 (the "Third Term"), unless Tenant shall give written notice to
Landlord at least one hundred twenty (120) days in advance of the expiration of
the Second Term of Tenant's election not to renew the Lease. The period
beginning on the Commencement Date and ending on the termination of this Lease
is referred to herein as the "Term."
3. RENT. Commencing on the Commencement Date and continuing thereafter
throughout the Initial Term, Tenant agrees to pay to Landlord as base rental for
the Premises (the "Rent") a monthly amount equal to Sixteen Thousand Six Hundred
Sixty-Six and 67/100 Dollars ($16,666.67), which monthly Rent shall be due and
payable, without notice or demand and without abatement, deduction, counterclaim
or setoff, in advance on the Commencement Date and on or before the fifth (5th)
day of each calendar month during the Initial Term, except that all payments due
hereunder for any fractional month at the commencement or end of this Lease
shall be prorated based upon the number of days in such fractional month during
the Initial Term. Commencing on the first day of the Second Term (the "Second
Commencement Date") and continuing thereafter throughout the Second Term, the
monthly Rent shall be increased to Seventeen Thousand Five Hundred and No/100
Dollars ($17,500.00), which monthly Rent shall be due and payable, without
notice or demand and without abatement, deduction, counterclaim or setoff, in
advance on the
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Second Commencement Date and on or before the fifth (5th) day of each calendar
month during the Second Term, except that all payments due hereunder for any
fractional month at the commencement or end of this Lease shall be prorated
based upon the number of days in such fractional month during the Second Term.
Commencing on the first day of the Third Term (the "Third Commencement Date")
and continuing thereafter throughout the Third Term, the monthly Rent shall be
increased to Eighteen Thousand Three Hundred Seventy-Five and No/100 Dollars
($18,375.00), which monthly Rent shall be due and payable, without notice or
demand and without abatement, deduction, counterclaim or setoff, in advance on
the Third Commencement Date and on or before the fifth (5th) day of each
calendar month during the Third Term, except that all payments due hereunder for
any fractional month at the commencement or end of this Lease shall be prorated
based upon the number of days in such fractional month during the Third Term.
Any and all sums of money as shall become due from and payable by Tenant
under this Lease (other than base Rent as set forth in the immediately preceding
paragraph) shall be considered additional rent and Landlord shall have the same
remedies upon default by Tenant as it may have for base Rent upon a default by
Tenant.
4. USE. The Premises shall be used for executive and administrative
offices, parking and related facilities and for no other purpose. Except as
hereinafter provided, Tenant shall comply with all governmental laws, ordinances
and regulations applicable to the use of the Premises, and shall promptly comply
with all governmental orders and directives for the correction, prevention and
abatement of nuisances, in or upon, or connected with, Tenant's use of the
Premises. Tenant will not permit the Premises to be used for any purpose or in
any manner which would render the insurance thereon void.
5. REPRESENTATIONS OF LANDLORD. Landlord represents that as of the
Commencement Date, the Premises complies with all applicable laws, ordinances,
statutes, regulations, orders, rules and restrictions relating thereto (the
"Applicable Laws"), and that the Premises and the existing and prior uses
thereof (including any uses by its former tenants) has not prior to the
Commencement Date and does not currently violate the provisions of any
Applicable Laws relating thereto. If the Premises at any time fails to be in
compliance with the Applicable Laws, Tenant shall take all necessary measures to
bring the Premises into compliance with the Applicable Laws.
6. TAXES. Landlord agrees to pay before they become delinquent all taxes,
assessments and governmental charges of any kind and nature whatsoever lawfully
levied or assessed against the Premises and Tenant shall reimburse Landlord, as
additional rent, for all such taxes, assessments and governmental charges which
pertain solely to the Premises. Tenant may contest the assessment of such taxes
by appropriate proceedings diligently conducted without being in default
hereunder. Landlord agrees to cooperate with any such tax contest conducted by
Tenant.
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7. MAINTENANCE AND REPAIRS.
a. TENANT'S OBLIGATIONS. From and after the Commencement Date and
during the Term, Tenant shall, at Tenant's cost and expense: (i) make
interior non-structural repairs, replacements and renewals necessary to
keep the Premises in as good condition, order and repair as the same is in
as of the Commencement Date, reasonable wear and tear and damage by fire
or other casualty or condemnation excepted; (ii) keep the lawns and
landscaped areas of the Premises watered, fertilized and trimmed; (iii)
keep all electrical, mechanical, heating, ventilating and air
conditioning, plumbing and any other systems serving the Premises in good
order and repair; and (iv) maintain and repair doorways and windows in the
Premises.
b. LANDLORD'S OBLIGATIONS. From and after the Commencement Date and
during the Term, Landlord shall, at Landlord's cost and expense, keep the
roofs of all Improvements free of leaks and maintain the foundation, floor
slabs, walls and all other structural supports of such Improvements in
good and sound condition.
c. REMEDY UPON FAILURE. In the event either party shall fail to
fulfill its obligations to repair and maintain the Premises, the other
party, notwithstanding anything herein to the contrary, shall have the
right, upon not less than ten (10) days' prior written notice to the
breaching party, to make such repairs and maintain the Premises at such
breaching party's expense; PROVIDED, HOWEVER, that this provision shall
not apply if the breaching party is proceeding with due diligence, in good
faith and without delay to take the actions necessary under this Paragraph
7.
8. ALTERATIONS. Tenant may, without the consent of Landlord, make any
alterations to the Premises as it may deem advisable, so long as such
alterations do not alter the basic character, structure or structural integrity
of the Improvements or overload their capacity, in each case complying with all
applicable governmental laws, ordinances, regulations and other requirements,
including obtaining and paying for all necessary permits. All alterations made
to the Premises pursuant to this Paragraph 8 shall become a part of the Premises
and shall be Landlord's property from and after the installation thereof and may
not be removed or changed without Landlord's prior written consent.
Notwithstanding the foregoing, Landlord, upon notice given at least thirty (30)
days prior to the expiration or termination of this Lease or upon such shorter
notice as is reasonable under the circumstances upon the earlier expiration of
the term of this Lease, may require Tenant to remove any specified alterations
and to repair and restore in a good and workmanlike manner any damage to the
Premises caused by such removal, all at Tenant's sole cost and expense. All
Tenant's personal property and trade fixtures shall remain property of Tenant
and, on or before the expiration or earlier termination of this Lease, may be
removed from the Premises by Tenant at Tenant's sole cost and expense; PROVIDED,
HOWEVER, that Tenant shall repair and restore in a good and workmanlike manner
any damage to the Premises caused by such removal. The provisions of this
Paragraph 8 shall survive the expiration or earlier termination of this Lease.
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9. SIGNS. Tenant shall have the right to install signs upon the Premises,
subject to any applicable governmental laws, ordinances, regulations and other
requirements. Tenant shall remove all such signs by the termination of this
Lease. Such installations and removals shall be made in such manner as to avoid
injury or defacement of the Improvements, and Tenant shall repair any injury or
defacement caused by such installation and/or removal.
10. INSPECTION. Landlord and Landlord's agents and representatives shall
have the right to enter and inspect the Premises at any reasonable time during
business hours for the purpose of ascertaining the condition of the Premises or
in order to make such repairs as may be required or permitted to be made by
Landlord under the terms of this Lease. During the period that is six (6) months
prior to the end of the Term hereof, Landlord and Landlord's agents and
representatives shall have the right to enter the Premises at any reasonable
time during business hours for the purpose of showing the Premises and shall
have the right to erect on the Premises a suitable sign indicating the Premises
are available. Notwithstanding anything stated herein to the contrary, Landlord
agrees not to interfere unreasonably with Tenant's use of the Premises or
operations of Tenant's business during the Term.
11. UTILITIES. Landlord agrees to provide, at its cost, water, electricity
and telephone service connections into the Premises; PROVIDED, HOWEVER, that
Tenant shall pay directly to the service provider for all water, gas, heat,
lights, power, telephone, sewer, sprinkler charges and other utilities and
services used on or from the Premises, together with any taxes, penalties,
surcharges or the like pertaining thereto and any maintenance charges for
utilities and shall furnish all electric light bulbs and tubes. Landlord shall
not be liable in any way to Tenant for any interruption or failure of or defect
in the supply or character of any utility furnished to the Premises, now or
hereafter, or for any loss, damage or expense Tenant may sustain if either the
quantity or character of any utility is changed or is no longer suitable for
Tenant's requirements, whether by reason of any requirement, act or omission of
the public utility serving the Premises or for any other reason whatsoever.
12. ASSIGNMENT AND SUBLETTING; NO MORTGAGE OR ENCUMBRANCE.
a. ASSIGNMENT AND SUBLETTING. Except upon a change of control or a
sale of substantially all of the assets and business of Tenant, Tenant
shall not (i) assign this Lease or (ii) sublet, or permit the subletting
of, the Premises or any part thereof, without the written consent of the
Landlord, which consent shall not be unreasonably withheld.
Notwithstanding the foregoing, Tenant may assign this Lease to entities
which are in common ownership with Tenant.
b. NO MORTGAGE OR ENCUMBRANCE. Tenant shall not mortgage or encumber
Tenant's interest in this Lease in whole or in part without the written
consent of Landlord, which consent may be unreasonably withheld.
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13. INSURANCE.
a. COVERAGE. Tenant agrees to maintain, at its sole cost and
expense, standard fire and extended coverage insurance covering the
Improvements for the joint benefit of Tenant, Landlord and Landlord's
lender, in an amount not less than 100% (or such greater percentage as may
be necessary to comply with the provisions of any co-insurance clauses of
the policy) of the replacement costs thereof, insuring against the perils
of fire, lighting, and other perils as now or hereafter may be included in
"All Risk" insurance coverage, such coverages and endorsements to be as
defined, provided and limited in the standard bureau forms prescribed by
the insurance regulatory authority for the state in which the Premises are
situated for use by insurance companies admitted in such state for the
writing of such insurance on risks located within such state. Such
insurance policy shall name Landlord as an additional insured party and
shall provide for reasonable advance notice to Landlord of any
cancellation of such policy.
b. DAMAGE TO PREMISES. If the Improvements should be damaged or
destroyed by fire, tornado or other casualty, Tenant shall give immediate
written notice thereof to Landlord.
c. IRREPARABLE OR TOTAL DAMAGE. If the Improvements should be
totally destroyed by fire, tornado or other casualty, or if they should be
so damaged thereby that restoration thereof cannot, in Tenant's reasonable
judgment, be completed within ninety (90) days after the date upon which
Landlord is notified by Tenant of such damage, this Lease shall, at
Tenant's option, terminate and the Rent shall be abated during the
unexpired portion of this Lease, effective upon the date of the occurrence
of such damage.
d. OBLIGATION TO REBUILD. If the Improvements should be damaged by
any casualty and this Lease is not terminated by Tenant pursuant to the
foregoing provisions of this Paragraph 13, Landlord shall either: (i) at
its sole cost and expense thereupon proceed with reasonable diligence to
rebuild and repair such Improvements to substantially the condition in
which they existed prior to such damage or (ii) give written notice to
Tenant of its intention not to complete such repairs and rebuilding. If
all or a part of the Premises are untenantable, Rent shall be reduced
based on the percentage of the Premises that is not usable. In the event
that Landlord should give written notice of its intention not complete
such repair and rebuilding of the Improvements or in the event that
Landlord shall fail to complete such repairs and rebuilding within ninety
(90) days after the date upon which Landlord is notified by Tenant of such
damage, Tenant may at its option terminate this Lease by delivering
written notice of termination to Landlord as Tenant's exclusive remedy,
whereupon all rights and obligations hereunder shall cease and terminate.
e. PUBLIC LIABILITY COVERAGE. Tenant shall at all times during the
term of this Lease, or any extension or renewal thereof, maintain, at its
own expense, public liability insurance covering the Premises for the
joint benefit of Tenant and Landlord and Landlord's
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lender, with personal injury coverage, including death, with a combined
single limit of not less than Two Million Dollars ($2,000,000), which
policy names Landlord as an additional insured party. Said policy of
insurance may be in the form of a general coverage or a floater policy
covering these other premises. Tenant shall provide Landlord with
certificates or similar documentation evidencing such insurance policy.
f. WAIVER. Each party hereto waives all rights of recovery, claims,
actions or causes of actions arising in any manner in its (the "INJURED
PARTY'S") favor and against the other party for loss or damage to the
Injured Party's property located within or constituting a part or all of
the Premises, to the extent the loss or damage (i) is covered by the
Injured Party's insurance, or (ii) would have been covered by the
insurance the Injured Party is required to carry under this Lease,
whichever is greater, regardless of the cause or origin, including the
sole, contributory, partial, joint, comparative or concurrent negligence
of the other party. This waiver also applies to each party's directors,
officers, employees, shareholders, partners, representatives and agents.
All insurance carried by either Landlord or Tenant covering the losses and
damages described in this Paragraph 13.f shall provide for such waiver of
rights of subrogation by the Injured Party's insurance carrier to the
maximum extent that the same is permitted under the laws and regulations
governing the writing of insurance within the State of Maryland. Both
parties hereto are obligated to obtain such a waiver and provide evidence
to the other party of such waiver. The waiver set forth in this Paragraph
13.f shall be in addition to, and not in substitution for, any other
waivers, indemnities or exclusions of liability set forth in this Lease.
14. LIABILITY.
a. TENANT'S LIABILITY. Except for the claims, rights of recovery and
causes of action that Landlord has released and waived pursuant to
Paragraph 13.f hereof, Tenant shall be liable to Landlord for and shall
indemnify and hold harmless Landlord and Landlord's partners, venturers,
directors, officers, agents, employees, invitees, visitors and contractors
from all claims, losses, costs, damages or expenses (including but not
limited to attorney's fees) resulting or arising or alleged to result or
arise from any and all injuries to or death of any person or damage to or
loss of any property caused by any negligence or intentional misconduct of
Tenant or Tenant's partners, venturers, directors, officers, agents,
employees, or by any breach, violation or non-performance of any covenant
of Tenant under this Lease other than any injury or damage arising (or
alleged to arise) out of any negligence, intentional misconduct or breach
of the term of this Lease by Landlord or Landlord's partners, venturers,
directors, officers, agents, or employees. If any action or proceeding
should be brought by or against Landlord in connection with any such
liability or claim, Tenant, on notice from Landlord, shall defend such
action or proceeding, at Tenant's expense, by or through attorneys
reasonably satisfactory to Landlord.
b. LANDLORD'S LIABILITY. Except for the claims, rights of recovery
and causes of action that Tenant has released and waived pursuant to
Paragraph 13.f hereof, Landlord shall
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be liable to Tenant for and shall indemnify and hold harmless Tenant and
Tenant's partners, venturers, directors, officers, agents, employees,
invitees, visitors and contractors from all claims, losses, costs, damages
or expenses (including but not limited to attorney's fees) resulting or
arising or alleged to result or arise from any and all injuries to or
death of any person or damage to or loss of any property caused by any
negligence or intentional misconduct of Landlord or Landlord's partners,
venturers, directors, officers, agents, or employees, or by any breach,
violation or non-performance of any covenant of Landlord under this Lease
other than any injury or damage arising (or alleged to arise) out of any
negligence, intentional misconduct or breach of the term of this Lease by
Tenant or Tenant's partners, venturers, directors, officers, agents, or
employees. If any action or proceeding should be brought by or against
Tenant in connection with any such liability or claim, Landlord, on notice
from Tenant, shall defend such action or proceeding, at Landlord's
expense, by or through attorneys reasonably satisfactory to Tenant.
c. PERSONAL PROPERTY INSURANCE. Tenant shall procure and maintain
throughout the Term of this Lease a policy or policies of insurance, at
its sole cost and expense covering Tenant's personal property and any
leasehold improvements, alterations and additions in excess of the
leasehold improvements existing on the Commencement Date.
15. CONDEMNATION.
a. SUBSTANTIAL TAKING. If the whole or any substantial part of the
Premises should be taken for any public or quasi-public use under
governmental law, ordinance or regulation, by right of eminent domain or
by private purchase in lieu thereof, and the taking would prevent or
materially interfere with the use of the Premises for the purpose for
which they are being used, this Lease shall, at Tenant's option, terminate
and the Rent shall be abated during the unexpired portion of this Lease,
effective when the physical taking of said Premises shall occur.
b. PARTIAL TAKING. If part of the Premises shall be taken for any
public or quasi- public use under any governmental law, ordinance or
regulation, by right of eminent domain or by private purchase in lieu
thereof, and this Lease is not terminated as provided in Paragraph 15.a
hereof, this Lease shall not terminate but the Rent payable hereunder
during the unexpired portion of this Lease shall be reduced based on the
percentage of the Premises that is not usable.
c. ALLOCATION OF AWARDS. In the event of any such taking or private
purchase in lieu thereof, Landlord and Tenant shall each be entitled to
receive and retain such separate awards and/or portion of lump sum awards
as may be allocated to their respective interests in any condemnation
proceedings.
16. HOLDING OVER. Tenant will, at the termination of this Lease by lapse
of time or otherwise, yield up immediate possession to Landlord. If Landlord
agrees that Tenant may hold over
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after the expiration or termination of this Lease, unless the parties hereto
otherwise agree in writing on the terms of such holding over, the hold over
tenancy shall be subject to termination by Landlord at any time upon not less
than thirty (30) days advance written notice, or by Tenant at any time upon not
less than thirty (30) days advance written notice, and all of the other terms
and provisions of this Lease shall be applicable during that period, including
Tenant's obligation to pay the rental in effect on the termination date,
computed on a daily basis for each day of the hold over period. No holding over
by Tenant, whether with or without consent of Landlord, shall operate to extend
this Lease except as otherwise expressly agreed.
17. QUIET ENJOYMENT. Landlord covenants that it now has good title to the
Premises, free and clear of all liens and encumbrances, excepting only any lien
for current taxes not yet due, zoning ordinances and other conditions of record
set forth on EXHIBIT "B". Landlord represents and warrants that it has full
right and authority to enter into this Lease and that Tenant, upon paying the
rental herein set forth and performing its other covenants and agreements herein
set forth, shall peaceably and quietly have, hold and enjoy the Premises for the
term hereof without hindrance or molestation from Landlord, subject to the terms
and provisions of this Lease.
18. TENANT'S DEFAULT. The following occurrences shall be deemed to be
"Events of Default" by Tenant under this Lease:
a. Tenant shall fail to pay any installment of the Rent when due, or
any other payment or reimbursement to Landlord required herein when due,
and such failure shall continue for a period of ten (10) days after notice
by Landlord; PROVIDED, HOWEVER, that Landlord shall not be required to
give Tenant such notice hereunder more than one (1) time during any
calendar year;
b. Tenant shall file a petition under any section or chapter of the
United States Bankruptcy Code, as presently constituted and hereinafter
amended, or Tenant shall be adjudged bankrupt or insolvent by final order
issued at the conclusion of proceedings filed against Tenant thereunder or
shall make an assignment for the benefit of all of its creditors;
c. A receiver or trustee shall be appointed for all or substantially
all of the assets of Tenant and not repealed within ninety (90) days;
d. Tenant shall fail to comply with any term, provision or covenant
of this Lease (other than the foregoing in this Paragraph 18), and shall
not cure such failure within thirty (30) days after written notice thereof
to Tenant; PROVIDED, HOWEVER, if the nature of the default is such that it
cannot be cured with the exercise of Tenant's reasonable and good faith
efforts within the thirty (30) day period, Tenant shall have up to ninety
(90) days from the date of Landlord's notice to cure such default,
provided Tenant undertakes such curative action within the thirty (30) day
period and diligently and continuously proceeds with such curative action
using Tenant's reasonable and good faith efforts; and
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e. If Tenant's interest in this Lease shall devolve upon or pass to
any person, whether by operation of law or otherwise, except as
specifically permitted by the provisions of Paragraph 12 hereof.
19. REMEDY. Upon the occurrence of any of such events of default described
in Paragraph 18 hereof, Landlord shall have the option to terminate this Lease,
in which event Tenant shall immediately surrender the Premises to Landlord, and
if Tenant fails so to do, Landlord may, without prejudice to any other remedy
which it may have for possession or arrearages in Rent, enter upon and take
possession of the Premises and expel or remove Tenant and any other person who
may be occupying such Premises or any part thereof. Tenant agrees to pay all
costs and expenses incurred by Landlord, including reasonable attorneys fees, in
pursuing its remedies against Tenant in the event of a default by Tenant.
Pursuit of the foregoing remedy shall not preclude pursuit of any other remedies
provided by law, nor shall pursuit of the remedy herein provided constitute a
forfeiture or waiver of any Rent due to Landlord hereunder or of any damages
accruing to Landlord by reason of the violation of any of the terms, provisions
and covenants herein contained. No act or thing done by the Landlord or its
agents during the Term hereby granted shall be deemed to imply a termination of
this Lease or an acceptance of the surrender of the Premises, and no agreement
to terminate this Lease or accept a surrender of said Premises shall be valid
unless in writing signed by Landlord. Forbearance by Landlord to enforce the
remedy herein provided upon an Event of Default shall not be deemed or construed
to constitute a waiver of such Event of Default or of Landlord's right to
enforce its remedy with respect to any subsequent Event of Default.
20. MECHANIC'S LIENS. Tenant shall have no authority, express or implied,
to create or place any lien or encumbrance of any kind or nature whatsoever
upon, or in any manner to bind, the interest of Landlord in the Premises or to
charge the rentals payable hereunder for any claim in favor of any person
dealing with Tenant, including those who may furnish materials or perform labor
for any construction or repairs, and each such claim shall affect and each such
lien shall attach to, if at all, only the leasehold interest granted to Tenant
by this instrument. Tenant covenants and agrees that it will pay or cause to be
paid all sums legally due and payable by it on account of any labor performed or
materials furnished in connection with any work performed on the Premises on
which any lien is or can be validly and legally asserted against its leasehold
interest in the Premises or the improvements thereon and that it will save and
hold Landlord harmless from any and all loss, cost or expense based on or
arising out of asserted claims or liens against the leasehold estate. Upon the
attachment of a lien on Tenant's interest in the Premises, Tenant shall, within
ten (10) business days of such attachment, bond off or otherwise release such
lien against the Premises.
21. NOTICES. Each provision of this instrument or of any applicable
governmental laws, ordinances, regulations and other requirements with reference
to the sending, mailing or delivery of any notice or the making of any payment
by Landlord to Tenant or with reference to the sending, mailing or delivery of
any notice or the making of any payment by Tenant to Landlord shall be deemed to
be complied with when and if the following steps are taken:
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a. All Rent and other payments required to be made by Tenant to
Landlord hereunder shall be payable to Landlord at the address hereinbelow
set forth or at such other address as Landlord may specify from time to
time by written notice delivered in accordance herewith.
b. All payments required to be made by Landlord to Tenant hereunder
shall be payable to Tenant at the address hereinbelow set forth, or at
such other address as Tenant may specify from time to time by written
notice delivered in accordance herewith.
c. Any notice or document required or permitted to be delivered
hereunder shall be deemed to be delivered (whether actually received or
not) when deposited in the United States Mail, postage prepaid, certified
or registered mail, addressed to the parties hereto at the respective
addresses set out below, or at such other address as they have theretofore
specified by written notice delivered in accordance herewith:
Landlord: Xxxx X. Xxxx and Xxxxx X. Xxxx
0000 Xxxxx Xxxxxx
Xxxxxxx, Xxxxxxxx 00000
with a copy to: Xxxxxxx & Xxxxxxxxx LLP
000 Xxxx Xxxxx Xxxxxx
Xxxxxxxxx, Xxxxxxxx 00000
Attn: A. Xxx Xxxxx, Xx., Esq.
Tenant: XX00 Xxxxxxxxxxx Corp.
0000 Xxxxxxx Xxxxx
Xxxxx Xxxxxxxx, Xxxxxxxx 00000-0000
Attention: President
with a copy to: Comfort Systems USA, Inc.
Xxxxx Xxxxxxxx
Xxxxx 000
Xxxxxxx, Xxxxx 00000
Attention: General Counsel
All parties included within the terms "Landlord" and "Tenant" respectively,
shall be bound by notices given in accordance with the provisions of this
Paragraph 22 to the same effect as if each had received such notice.
22. NON-DISTURBANCE AND ATTORNMENT. This Lease shall be subject to all
mortgages, deeds of trust and related security instruments which may now or
hereafter encumber the Premises and to all renewals, modifications,
consolidations, replacements and extensions thereof and to each
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advance made or hereafter to be made thereunder, in each case provided that such
mortgage, deed of trust or other instrument does not disturb Tenant's occupancy
and use of the Premises.
23. HAZARDOUS SUBSTANCES. Tenant shall indemnify, protect and hold
harmless Landlord and each of its respective subsidiaries from and against all
costs and damages incurred by Landlord in connection with the presence,
emanation, migration, disposal, release or threatened release of any oil or
other petroleum products or hazardous materials or substances on, within, or to
or from the Premises as a result of (a) the operations of the Tenant after the
Commencement Date and (b) the activities of invited or uninvited parties on the
Premises during the Term of the Lease. Landlord shall indemnify, protect and
hold harmless Tenant and each of its respective subsidiaries from and against
all costs and damages incurred by Tenant in connection with the presence,
emanation, migration, disposal, release or threatened release of any oil or
other petroleum products or hazardous materials or substances on, within, or to
or from the Premises as a result of (i) any activity or action by any party
prior to the Commencement Date, (ii) the condition of the Premises prior to the
Commencement Date, including any future manifestations of such conditions, or
(iii) the activities of Landlord or the activities of any third party not
affiliated with Tenant except for parties on the Premises during the Term of the
Lease. Each party agrees that such party will promptly give written notice to
the other party of any investigation, claim, demand, lawsuit or other action by
any governmental or regulatory agency or private party involving the Premises
and any hazardous substance or environmental law of which such party has actual
notice.
24. MISCELLANEOUS.
a. CONTEXT. Words in the singular number shall be held to include
the plural, unless the context otherwise requires.
b. BINDING EFFECT. The terms, provisions, covenants and conditions
contained in this Lease shall apply to, inure to the benefit of and be
binding upon, the parties hereto and upon their respective heirs, legal
representatives, successors and permitted assigns.
c. HEADINGS. The captions inserted in this Lease are for convenience
only and in no way define, limit or otherwise describe the scope or intent
of this Lease or any provision hereof, and in no way affect the
interpretation of this Lease.
d. FURTHER ASSURANCES. Tenant agrees from time to time within thirty
(30) days after request of Landlord, to deliver to Landlord, or Landlord's
designee, an estoppel certificate stating that this Lease is in full force
and effect, the date to which Rent has been paid, the unexpired Term of
this Lease and such other matters pertaining to this Lease as may be
requested by Landlord.
e. ENTIRE AGREEMENT; MODIFICATION. The parties acknowledge that all
prior written and oral agreements between them and all prior
representations made by either party to the other with respect to the
subject matter hereof have been incorporated herein or
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otherwise satisfied prior to the execution hereof and that this Lease
represents the entire agreement among the parties with respect to the
subject matter hereof. This Lease may not be altered, changed or amended
except by an instrument in writing signed by both parties hereto.
f. SEVERABILITY. If any clause or provision of this Lease is
illegal, invalid or unenforceable under present or future laws effective
during the Term of this Lease, then and in the event, it is the intention
of the parties hereto that the remainder of this Lease shall not be
affected thereby, and it is also the intention of the parties to this
Lease that in lieu of each clause or provision of this Lease that is
illegal, invalid or unenforceable, there be added as a part of this Lease
a clause or provision as similar in terms to such illegal, invalid or
unenforceable clause or provision as may be possible and be legal, valid
and enforceable.
g. NO BROKER. Each party represents and warrants to the other that
it has not dealt with any broker in connection with the Premises or this
Lease. Each party hereto indemnifies and holds the other harmless from and
against any liability for commissions due any broker or finder with whom
such party has dealt in connection with this Lease.
h. GOVERNING LAW. The terms of this Lease shall be governed by and
construed in accordance with the internal laws of the State of Maryland,
without giving effect to any choice or conflict of laws provisions.
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IN WITNESS WHEREOF, the parties hereto have caused this Lease to be
executed as of the date first above written.
LANDLORD:
_________________________________
Xxxx X. Xxxx
_________________________________
Xxxxx X. Xxxx
Attest:
By: _______________________________
Name:______________________________
Title:_____________________________
(SEAL)
TENANT:
XX00 XXXXXXXXXXX CORP.,
a Delaware corporation
By:______________________________
Name:____________________________
Title:_____________________________
Attest:
By: ______________________________
Name:____________________________
Title:_____________________________
(SEAL)
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