LEASE AGREEMENT BETWEEN Park Centre I, LLC as Landlord AND Campus Tech, Inc. as Tenant
BETWEEN
Park
Centre I, LLC as Landlord
AND
Campus
Tech, Inc.
as
Tenant
TABLE
OF
CONTENTS
Section
|
Description
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Page
Number
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1.
|
Definitions
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3
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2.
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Rent;
Additional Rent
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3
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3.
|
Additional
Rent
|
4
|
||
4.
|
Delivery
and Condition of Premises
|
6
|
||
5.
|
Operation
of Building
|
6
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6.
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Conduct
of Business by Tenant
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6
|
||
7.
|
Alterations
and Tenant's Property
|
7
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||
8.
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Repairs
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7
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9.
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Liens
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8
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||
10.
|
Subordination
and Modification
|
8
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11.
|
Inability
to Perform
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9
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12.
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Destruction
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9
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13.
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Eminent
Domain
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10
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14.
|
Assignment
and Subletting
|
10
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15.
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Utilities
and Service; Tenant's Expense
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11
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16.
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Default;
Remedies
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12
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17.
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Insolvency
or Bankruptcy
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13
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18.
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Fees
and Expenses; Indemnity;
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Liability
Insurance
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13
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19.
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Access
to Premises;
|
|||
Landlord's
Right to Enter
|
15
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|||
20.
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Waiver;
Release
|
15
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||
21.
|
Tenant's
Certificates
|
16
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22.
|
Rules
and Regulations
|
16
|
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23.
|
Tax
on Tenant's Personal Property
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16
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24.
|
Authority
|
16
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25.
|
Signage
|
16
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||
26.
|
Parking
|
16
|
||
27.
|
Miscellaneous
|
16
|
LEASE
THIS
LEASE is made and entered into as of this 10TH
day of
_September
2007,
by and
between PARK CENTRE I, LLC (herein called "Landlord"), and Campus
Tech, Inc
(herein
called "Tenant"). W
I T
N E S S E T H:
Upon
and
subject to the terms, covenants and conditions hereinafter set forth, Landlord
leases to Tenant and Tenant leases from Landlord the Property (as hereinafter
defined):
1. Definitions
1.1
|
Additional
Rent:
As defined in Section 2.4, below.
|
1.2
|
Basic
Rent:
As defined in Section 2.1, below.
|
1.3
|
Building:
The building located at 000 XX Xxxxxxx Xxxx, Xxxxxxxx, XX 00000,
upon the
Real Property.
|
1.4 |
Guarantor(s):
In the event of early termination of the lease, other than termination
as
hereinafter provided, Campus
Tech, Inc.
does guarantee the repayment of any unamortized leasing commissions
and
unamortized Tenant Improvements. These costs will be amortized on a
monthly basis over the lease period beginning with the first month.
The
amount of Tenant Improvements will be determined within 90 days of
the
date of rent commencement and will not exceed $15,000 (fifteen thousand
dollars). An interest rate of 10 % will be used.
|
1.5
|
Lease:
This Lease, as amended from time to time, and all Exhibits attached
hereto.
|
1.6
|
Lease
Year:
Each period of twelve (12) calendar months during the Term, commencing
on
the Rent Commencement Date and Partial Lease Year ending on the Term
Expiration Date.
|
1.7
|
Premises:
1,708
rentable
square feet of rentable floor area, located within the Building,
Suite
# 205 as
depicted on Exhibit-A.
|
1.8
|
Real
Property:
The land comprising all that certain parcel of land situated in Loudoun
County, Virginia, and identified as Parcel D, Tax Map
60.
|
1.9
|
Rent
Commencement Date:
October 1, 2007 or sooner upon a mutually agreed date between tenant
and
Landlord.
|
1.10
|
Term:
3
years, unless the Term shall sooner terminate as hereinafter
provided
|
1.11 |
Term
Expiration Date:
September
30, 2010
|
1.12 |
Landlord
Consent: Whenever
Landlord consent is required, consent shall not unreasonably be withheld
or delayed.
|
1.13
|
Operating
Expenses Base Amount:
The actual Operating Expenses of the
2007calendar
year
|
1.14 Real
Estate Taxes Base Amount:
The
actual real estate taxes of 2007
calendar
year.
2. Rent;
Additional Rent
2.1
Basic
Rent.
Commencing on the Rent Commencement Date, Tenant shall pay to Landlord during
the Term a base rental ("Basic Rent") which shall be in the amount
of $24.00
(twenty four dollars) per
square foot. Basic Rent shall be payable by Tenant in lawful money of the United
States in equal consecutive monthly installments of one-twelfth the Basic Rent
on or before the first day of each calendar month, in advance, at the address
specified for Landlord below, or such other place as Landlord shall designate,
without any prior demand therefor and without any deductions or setoff
whatsoever. Rent for any partial month shall be pro rated at the rate of
one-thirtieth (1/30th) of the monthly Basic Rent per day.
2.2
Improvement
Rental Rate.
Intentionally Deleted
2.3
Adjustment
of Rent.
The
Basic Rent set forth in Paragraph 2.1 herein above shall be adjusted annually
on
each anniversary of the Rent Commencement Date during the Term by multiplying
the Basic Rent for the immediately preceding Lease Year by Three percent (3%)
per annum, computed annually.
2.4
Additional
Rent.
Tenant
shall pay to Landlord as Additional Rent (as such term is defined in Section
3.2) hereunder, all charges and other amounts required under this Lease
including, without limitation, all charges specified in Section 3 hereof. All
such amounts and charges shall be payable to Landlord at the time and at the
place where Basic Rent is payable. Landlord shall have the same remedies for
a
default in the payment of Additional Rent as for a default in the payment of
Basic Rent.
2.5
Late
Payment Charge.
If
Tenant shall fail to pay any Basic Rent or Additional Rent within five (5)
days
after the same is due and payable, such unpaid amounts shall be subject to
a
late payment charge equal to five percent (5%) of such unpaid amounts in each
instance to cover Landlord's additional administrative costs resulting from
Tenant's failure. Such late payment charge shall be paid to Landlord together
with such unpaid amounts.
2.6
Returned
Check Charge.
A
service charge of One Hundred Dollars ($100.00) will be automatically made
for
each instance in which a check is returned unpaid for any reason by the Tenant's
bank.
3. Additional
Rent
3.1
For
purposes of this Section 3, the following terms shall have the meanings
hereinafter set forth:
(a)
"Tenant's Share" shall mean that proportion which the rentable floor area of
Tenant's Premises bears to the total rentable floor area of the Building; i.e.,
1,708
divided
by 69,400 square feet or 2.46%
.
(b)
"Real
Estate Taxes" shall mean all taxes, assessments and charges levied upon or
with
respect to the Real Property and Building or any personal property of Landlord
used in the operation thereof, or Landlord's interest in the Building or such
personal property, and shall also include any other tax, fee or other excise,
however described, that may be levied or assessed as a substitute for, or as
an
addition to, in whole or in part, any other Real Estate Taxes, whether or not
now customary or in the contemplation of the parties on the date of this Lease.
Real Estate Taxes shall not include franchise or income taxes measured by the
net income of Landlord from all sources, unless, due to a change in the method
of taxation, any of such taxes is levied or assessed against Landlord as a
substitute for, or as an addition to, in whole or in part, any other tax that
would otherwise constitute a Real Estate Tax. Real Estate Taxes shall also
include reasonable legal fees, costs and disbursements incurred in connection
with proceedings to contest, determine or reduce Real Estate Taxes.
(c)
"Expenses" shall mean the total of all reasonable costs and expenses paid or
incurred by Landlord in connection with the management, operation, maintenance
and repair of the Building and the Real Property, including, without limitation
(i) the cost of air conditioning, electricity, steam, heating, gas, mechanical,
ventilating, escalator and elevator systems and all other utilities and the
cost
of supplies and equipment and maintenance and service contracts in connection
therewith, (ii) the cost of repairs and general maintenance and cleaning, (iii)
the cost of fire, extended coverage, boiler, sprinkler, public liability,
property damage, rent, earthquake and other insurance, (iv) wages, salaries
and
other labor costs, including taxes, insurance, retirement, medical and other
employee benefits, (v) fees, charges and other costs, including Landlord's
reasonable management fees, consulting fees, and accounting fees, of all
independent contractors engaged by Landlord in connection with the Building,
(vi) the cost of supplying, replacing and cleaning employee uniforms, (vii)
the
cost of any capital improvements made to the Building after completion of its
construction as a labor-saving device or to effect other economies in the
operation or maintenance of the Building, or made to the Building after the
date
of this Lease, that are required under any governmental law or regulation that
was not applicable to the Building at the time that permits for the construction
thereof were obtained, such cost to be amortized over such reasonable period
as
Landlord shall determine, together with interest on the unamortized balance
at
the rate of ten percent (10%) per annum or higher rate as may have been paid
by
Landlord on funds borrowed for the purpose of constructing such capital
improvements, and (viii) any other expenses of any other kind whatsoever
reasonably incurred in managing, operating, maintenance and repairing the
Building or in connection with the managing, operating, maintaining and
repairing the common areas of 000 Xxxxxxx Xx, and which are allocated to the
Building.
(d)
If
during all or part of any calendar year, Landlord shall not furnish any
particular item of work or service that would be included in the Operating
Expenses to ninety-five percent (95%) of the rentable area of the Building
because less than ninety-five percent (95%) of the Building is occupied or
any
other tenant is itself obtaining and providing such item of work or service,
then an adjustment shall be made in the Operating Expenses for such calendar
year so that the Tenant's Share of the Operating Expenses for such calendar
year
shall be increased to the amount that Landlord determines are reasonably
attributable to the Tenant's use of the Premises.
(e)
Expenses shall exclude (i) costs attributable to specific tenants which are
recovered from those tenants, (ii) the cost of any capital improvements except
those stated in subparagraph 3.1(c) (vii), and (iii) interest and principal
payments on mortgages.
(f)
"Monthly Expenses" with respect to each calendar month during the Term shall
mean one-twelfth (1/12) of the total Expenses for the calendar year in which
such month occurs.
3.2
Payment
of Tenant's Share.
For
each calendar year after the calendar year in which the Lease Commencement
Date
occurs (the “Adjustment Year”), commencing as of the first day of the month in
which each anniversary of the Lease Commencement Date occurs, Tenant shall
pay
to Landlord as additional rent (The “Additional Rent”) on or before the first
day of each calendar month, an amount which is the sum of the Tenant's Share
of
(I) any amount by which the total Real Estate Taxes are estimated by Landlord
in
its reasonable judgement, levied during such Adjustment Year, is expected to
exceed the Real Estate Taxes Base Amount specified in Section 1.10, plus (ii)
any amount by which the total Operating Expenses for the Adjustment Year as
estimated by Landlord in its reasonable judgement, is expected to exceed the
Operating Expenses Base Amount specified in Section 1.8 (as the same may be
adjusted pursuant to Section 3.3 below). After the expiration of each calendar
year commencing or ending during the Term, Landlord shall furnish Tenant with
a
statement (herein called Landlord's Expense Statement") setting forth in
reasonable detail the Expenses for such calendar year. If the actual Expenses
for such calendar year exceed the estimated Expenses paid by Tenant for such
calendar year, Tenant shall pay to Landlord the difference between the amount
paid by Tenant and the actual Expenses within fifteen (15) days after the
receipt of Landlord's Expense Statement, and if the total amount paid by Tenant
for any such calendar year shall exceed the actual Expenses for such calendar
year, such excess shall be credited against the next installment of the
estimated Expenses due from Tenant to Landlord hereunder, if any, or shall
be
paid by Landlord to Tenant together with Landlord's Expense Statement. The
obligations of Landlord and Tenant under this Section 3.2 shall survive any
termination of this Lease.
3.3 |
Excessive
Increase in Operating Expenses Occasioned by
Tenant.
|
(a)
Notwithstanding anything to the contrary in this Lease, in the event Tenant
installs or operates any heavy duty mechanical or electrical equipment,
including auxiliary cooling equipment, in the Premises or conducts by an
excessive amount under the facts and circumstances, Tenant shall be solely
responsible for the costs of any excess electrical consumption or other charges
that may be occasioned thereby, in which event, the charges attributed to such
excess electrical consumption or other charges shall not be considered an
Operating Expense or allocated pro
rata
among
the tenants of the Building but shall instead be added to and payable on a
monthly basis as Additional Rent of the Tenant.
(b)
The
total average consumption of electricity, including lighting, in excess of
three
and one half (3-1/2) xxxxx per square foot for the Premises shall be deemed
excessive. Additionally, any individual piece of electrically operated machinery
or equipment having a name plate rating in excess of two (2) kilowatts shall
also be deemed as requiring excess electric current.
(c)
Landlord may require that one or more separate meters be installed to record
the
consumption or use of electricity or shall have the right to cause a reputable
independent electrical engineer to survey and determine the quantity of
electricity consumed by such excessive use. The cost of any such survey or
meters and of installation, maintenance and repair thereof shall be paid for
by
Tenant. Tenant agrees to pay Landlord (or the utility company, if direct service
is provided by the utility company), promptly upon demand therefor, for all
such
electric consumption and demand as shown by said meters, or a flat monthly
charge determined by the survey, as applicable at the rates charged for such
service by local public utility company. If Tenant’s cost of electricity based
on meter readings is to be paid to Landlord, Tenant shall pay a reasonable
service charge related thereto.
4. Delivery
and Condition of Premises.
Landlord agrees that it will use reasonable efforts to cause construction of
the
Premises to be completed in the manner and utilizing materials similar to those
described in the agreed Space Plan. If Landlord shall be unable to give
possession of the Premises on the Rent Commencement Date by reason of the fact
that the construction of the Initial Improvements is not substantially
completed, Landlord shall not be subject to any liability for failure to give
possession on said date. Under such circumstances, the rent payable pursuant
to
Paragraph 2 of this Lease shall be abated and shall not commence until Initial
Improvements are substantially completed. No such failure to give possession
on
the Rent Commencement Date shall affect the validity of this Lease or the
obligations of Tenant extended hereunder, and in no event shall the Term be
extended beyond the Lease Termination Date. Notwithstanding the foregoing,
in
the event that Tenant fails to meet any deadline set forth for approval or
other
performance by Tenant in agreed space plan, then the obligation of Landlord
to
cause construction of the Premises to be completed shall be extended, on a
day-for-day basis, for each day by which Tenant has failed to meet any such
deadline, and the obligation to pay rent pursuant to Paragraph 2 of this Lease
shall commence on the Rent Commencement Date, regardless of whether construction
of the Initial Improvements is substantially completed.
5. Operation
of the Building and Real Property
5.1 Maintenance
of Building and Real Property.
The
manner in which the Building and Real Property are maintained and operated
and
the expenditures therefor shall be at the sole discretion and expense of
Landlord and consistent with other first class office buildings in the Northern
Virginia area.
5.2 Alterations
or Additions.
Landlord hereby reserves the right, at its expense, at any time and from time
to
time, to make alterations or additions to the Building and Real Property.
Landlord also reserves the right at any time and from time to time to construct
other improvements in the Building or on the Real Property and to enlarge same
and make alterations therein or additions thereto.
6. Conduct
of Business by Tenant
6.1 Permitted
Use.
Tenant
shall use and occupy the Premises during the Term of the Lease solely for use
as
normal office space as permitted by law, and for no other use or uses without
the prior written consent of Landlord.
6.2 Uses
not Permitted.
Tenant
shall not use or occupy, or permit the use or occupancy of, the Premises or
any
part thereof for any use other than the use specifically set forth in Section
6.1 hereof, or in any manner that, in Landlord's judgment, would adversely
affect or interfere with any services required to be furnished by Landlord
to
Tenant or to any other tenant or occupant of the Building, or with the proper
and economical rendition of any such service, or with the use or enjoyment
of
any part of the Building by any other tenant or occupant.
6.3 Tenant's
Compliance with Laws.
Tenant,
at Tenant's cost and expense, shall comply with all laws, orders and regulations
of federal and municipal authorities, and with all directions, pursuant to
law,
of all public officers, that shall impose any duty upon Landlord or Tenant
with
respect to the Premises or the use or occupancy thereof.
6.4 Tenant's
Compliance with Insurance Requirements, etc.
Tenant
shall not do anything, or permit anything to be done, in or about the Premises
which shall conflict with the provisions of any insurance policies covering
the
Building or any property located therein, or result in a refusal by any
insurance company to insure the Building or any such property, in amounts
reasonably satisfactory to Landlord, or subject Landlord to any liability or
responsibility for injury to any person or property by reason of any business
operation being conducted in the Premises, or cause any increase in the
insurance rates applicable to the Building or property located therein. Tenant,
at Tenant's expense, shall comply with all rules, orders, regulations or
requirements of the American Insurance Association (formerly the National Board
of Fire Underwriters) and with any similar body that shall hereafter perform
the
function of such Association. Landlord shall give twenty day written notice
to
Tenant to cure any deficiencies.
7. Alterations
and Tenant's Property
7.1 Initial
Improvements.
Landlord is under no obligation to make structural or other alterations,
decorations, additions or improvements in or to the Premises; provided, however,
Landlord shall install the Initial Improvements as set forth in the agreed
space
plan.
7.2 Approved
Alterations.
Tenant
shall make no alterations, installations, additions or improvements in or to
the
Premises or any portion thereof or any alteration to the mechanical systems
of
the Premises or any portion thereof, including, without limitation, the plumbing
and air conditioning systems of the Premises or any portion thereof or to the
apparatus of the Premises or any portion thereof of other or like nature without
Landlord's prior written consent (any such alteration, installation, addition
or
improvement for which Landlord's approval is required is hereinafter referred
to
as an "Approved Alteration", and shall include Initial Improvements). Consent
will not be unreasonably withheld. Unless otherwise agreed in writing by
Landlord, Tenant shall remove all such Unapproved Alterations and restore the
portion of the Premises affected thereby to its former condition at its sole
cost and expense on or before the Term Expiration Date.
7.3 Requirements
for Approved Alterations.
Each
alteration, installation, addition or improvement, shall be subject to the
limitations that such Alteration (a) does not adversely affect the structural
strength of the Premises or any portion thereof; (b) does not adversely affect
the mechanical, plumbing, electrical and HVAC systems of the Premises or any
portion thereof; (c) does not materially affect the external appearance of
value
of the Premises or any portion thereof; and (d) does not diminish or impair
the
use of the Building as a first class office building. Prior to making any
Approved Alteration, plans and specifications therefor in such detail as
Landlord may request shall be submitted to Landlord and the mortgagees of the
Building and Real Property for approval.
7.4 Standards
for Approved Alterations.
All
Alterations made by Tenant in the Premises or any portion thereof shall be
constructed and completed in a good and workmanlike manner at Tenant's sole
cost
and expense by contractors approved by Landlord. Prompt payment shall be made
by
Tenant and Tenant shall keep the Premises free of mechanics' and materialmen's
liens and cause the same to be promptly discharged or bonded. Tenant shall
deliver to Landlord written and unconditional waivers of mechanics' and
materialmen's liens upon the Real Property for all work, labor and services
to
be performed and material to be furnished in connection with the proposed
Alterations. Tenant shall obtain all necessary governmental permits, licenses
and approvals, and shall promptly comply with all applicable laws. The
Alterations shall be completed in accordance with the approved plans and
specifications where such approvals are required.
7.5 Tenant's
Property.
All
appurtenances, fixtures, improvements, additions and other property attached
to
or installed in the Premises, whether by Landlord or by or on behalf of Tenant,
and whether at Landlord's expense or Tenant's expense, or at the joint expense
of Landlord and Tenant, shall be and remain the property of Landlord. Any
furnishings and personal property placed in the Premises that are removable
without material damage to the Building or the Premises, whether the property
of
Tenant or leased by Tenant, are herein called "Tenant's Property". Any
replacements of any property of Landlord, whether made at Tenant's expense
or
otherwise, shall be and remain the property of Landlord.
7.6 Removal
of Tenant's Property.
Any of
Tenant's Property on the Premises prior to the Term Expiration Date shall be
removed by Tenant at Tenant's cost and expense, and Tenant shall, at its cost
and expense, repair any damage to the Premises or the Building caused by such
removal, all on or before the Term Expiration Date. Any of Tenant's Property
not
removed from the Premises prior to the expiration of the Term shall, at
Landlord's option, become the property of Landlord or Landlord may remove such
Tenant's Property, and Tenant shall pay to Landlord Landlord's costs of removal
and of any repairs in connection therewith within ten (10) days after the
receipt of a xxxx therefor. Tenant's obligation to pay any such costs shall
survive any termination of this Lease.
8. Repairs
8.1 Maintenance
of Premises.
Tenant
shall maintain the Premises and, at Tenant's cost and expense, shall make all
repairs and replacements to preserve the Premises in good working order and
in
clean, safe and sanitary condition. Landlord shall maintain HVAC.
8.2 Repairs
by Tenant.
All
repairs and replacements made by or on behalf of Tenant or any person claiming
through or under Tenant shall be made and performed (a) at Tenant's cost and
expense and at such time and in such manner as Landlord may designate, (b)
by
contractors or mechanics approved by Landlord, (c) so that same shall be at
least equal in quality, value, and utility to the original work or installation,
and (d) in accordance with the rules and regulations for the Building and the
Real Property adopted by Landlord from time to time, and in accordance with
all
applicable laws and regulations of governmental authorities having jurisdiction
over the Premises. If Landlord gives Tenant notice of the necessity of any
repairs or replacements required to be made under Section 8.1 above and Tenant
fails to commence diligently to effect the same within ten (10) days thereafter,
Landlord may proceed to make such repairs or replacements and the expenses
incurred by landlord in connection therewith shall be due and payable from
Tenant upon demand as Additional Rent; provided, that Landlord's making any
such
repairs or replacements shall not be deemed a waiver of Tenant's default in
failing to make the same.
8.3 Maintenance
of Common Areas.
Landlord shall operate and maintain the common or public areas of the Real
Property and the Building in a manner deemed by Landlord, in its sole
discretion, to be appropriate and consistent with other first class office
buildings in the Northern Virginia area.
9. Liens
9.1 Work
Done on Tenant's Behalf.
Any
Alterations, repairs, replacements or other work done on the Premises shall
be
solely on behalf, and for the account, of Tenant and not of Landlord. Landlord's
consent to any Alterations shall not be deemed or construed to be Landlord's
consent or agreement to subject Landlord's interest in the Premises or the
Real
Property to any mechanics' or materialmen's liens which may be filed on account
of such Alterations. Tenant shall keep the Premises free from any liens arising
out of any work performed, material furnished or obligations incurred by or
for
Tenant or any person or entity claiming through or under Tenant.
9.2 Landlord's
Right to Release Lien.
In the
event that Tenant shall not, within thirty (30) days following the imposition
of
any lien described in Section 9.1 above, cause same to be released of record
by
payment or posting of a proper bond, Landlord shall have, in addition to all
other remedies provided herein and by law, the right but not the obligation
to
cause same to be released by such means as it shall deem proper, including
payment of the claim giving rise to such lien. All such sums paid by Landlord
and all expenses incurred by it in connection therewith shall be considered
Additional Rent and shall be payable to it by Tenant on demand. Any such action
by Landlord shall not in any event be deemed a waiver of Tenant's default with
respect thereto.
9.3 Landlord's
Right to Post Notices.
Landlord shall have the right at all times to post and keep posted on the
Premises any notices permitted or required by law, or that Landlord shall deem
proper, for the protection of Landlord, the Premises, the Building, and any
other party having an interest therein, from mechanics' and materialmen's liens,
and Tenant shall give to Landlord at least ten (10) business days' prior notice
of commencement of any construction on the Premises.
10. Subordination
and Modification
10.1 Subordination
of Lease.
Without
the necessity of any additional document being executed by Tenant for the
purpose of effecting a subordination, Tenant agrees that this Lease and Tenant's
tenancy hereunder are and shall be automatically subject and subordinate at
all
times to (a) all ground leases or underlying leases that may now exist or
hereafter be executed affecting the Building or the Real Property or both,
(b)
the lien of any mortgage deed of trust or similar security instrument that
may
now exist or hereafter be executed in any amount for which the Building, the
Real Property, ground leases or underlying leases, or Landlord's interest or
estate in any of said items is specified as security, and (c) all renewals,
modifications, consolidations, replacements and extensions of any of the
foregoing.
Tenant
covenants and agrees to execute and deliver, upon demand by Landlord and in
the
form requested by Landlord, any additional documents evidencing the
subordination of this Lease with respect to any such ground lease or underlying
lease, or the lien of any such mortgage or deed of trust. If Tenant fails to
execute such instruments within fifteen (15) days after written request
therefor, Landlord is hereby appointed Tenant's attorney-in-fact to execute,
acknowledge and deliver any and all such instruments for an on behalf of
Tenant.
10.2 Attornment.
In the
event that any ground lease or underlying lease terminates for any reason or
any
mortgage or deed of trust is foreclosed or a conveyance in lieu of foreclosure
is made for any reason, Tenant shall, notwithstanding any subordination of
any
ground lease, underlying lease or lien to this Lease, attorn to and become
the
Tenant of the successor in interest to Landlord at the option of such successor
in interest.
10.3 The
foregoing notwithstanding, subordination of this Lease to any mortgage and
attornment by Tenant pursuant to Section 10.2 is conditioned on the holder
of
such mortgage executing a nondisturbance agreement in favor of
Tenant.
11. Inability
to Perform; No Delay to Constitute Eviction.
If, for
any reason, Landlord is unable to perform or make or is delayed in fulfilling
any of its obligations under this Lease, and such failure arises from or through
acts of God, strikes, lockouts, labor difficulties, explosions, sabotage,
accidents, riots, civil commotions, acts of war or warlike conditions in this
or
any foreign country, fire and casualty, legal requirements, energy shortage
or
causes beyond the reasonable control of Landlord, no such inability or delay
shall constitute an actual or constructive eviction, in whole or in part, or
entitle Tenant to any abatement or diminution of Basic Rent or Additional Rent,
or relieve Tenant from any of its obligations under this Lease, or impose any
liability upon Landlord or its agents by reason of inconvenience or annoyance
to
Tenant or by reason of injury to or interruption of Tenant's business, or
otherwise.
12. Destruction
12.1 Damages
Caused By Tenant.
Subject
to the provisions of section 9.2 all injury to the demised premises and other
portions of the building of which it is a part, caused by Tenant, its agents,
employees, invitees and visitors, will be repaired by Landlord at the expense
of
Tenant, except as otherwise provided in section 8.2, or repaired by Tenant
with
Landlord’s approval in accordance with Section 8. Tenant shall reimburse
Landlord for such repairs within ten (10) days of receipt of invoice from
Landlord of the costs. At its election, Landlord may regard the same as
additional rent, in which event the cost shall become additional rent payable
with the installment of rent next becoming due after notice is received by
Tenant from Landlord. This provision shall be construed as an additional remedy
granted to Landlord and not limitation of any other rights and remedies which
Landlord has or may have in said circumstances.
Fire
or Casualty Damage.
In the
event of damage or destruction of the demised premises by fire or any other
casualty without the fault or neglect of Tenant, its agents, employees, invitees
and visitors, this Lease shall not be terminated, but structural damage to
the
premises including demising partition and doors shall be promptly and fully
repaired and restored as the case may be by Landlord at its own cost and
expense. Due allowance, however, shall be given for reasonable time required
for
adjustment and settlement of insurance claims, and for such other delays as
may
result from government restrictions and controls on construction, if any and
for
strikes, national emergencies and other conditions beyond the control of
Landlord. Restoration by Landlord shall not include replacement of furniture,
equipment or other items that do not become part of the building or any
improvements to the demised premises in excess of those provided for as building
standard items as of the commencement date of this Lease. Tenant shall be
responsible for the repair and restoration of the demised premises and Tenant’s
property beyond Landlord’s obligation at not cost to Landlord, in accordance
with the provisions of Section 8, for which it shall maintain adequate insurance
pursuant to section 18.3 herein. In the event of fire or casualty damage to
the
demised premises caused by the fault or neglect of Tenant, its agents,
employees, invitees or visitors. Landlord shall restore structural damages
as
described herein at Tenant’s cost and expense. It is agreed that in any of the
aforesaid events, this Lease shall continue in full force and
effect.
12.2 Termination
of Lease in the Event of Total Destruction.
Notwithstanding the provisions of Section 12.1 hereof, if, prior to or during
the Term (a) the Premises shall be totally damaged or rendered wholly
untenantable by fire or other casualty, and if Landlord shall determine, in
its
sole discretion, not to restore the Premises, or (b) the Building shall be
so
damaged by fire or other casualty that, in Landlord's opinion, substantial
alteration, demolition or reconstruction of the Building shall be required
(whether or not the Premises shall have been damaged or rendered untenantable),
then, in any of such events, Landlord, at Landlord's option, may give to Tenant
within ninety (90) days after such fire or other casualty, a thirty (30) days'
notice of termination of this Lease and, in the event such notice is given,
this
Lease and the Term shall terminate upon the expiration of such thirty (30)
days
with the same effect as if the date of expiration of such thirty (30) days
were
the Term Expiration Date; and the Basic Rent and Additional Rent shall be
apportioned as of such date and any prepaid portion of Basic Rent or Additional
Rent for any period after such date shall be refunded by Landlord to
Tenant.
12.3 Landlord's
Insurance.
Landlord shall obtain and maintain, throughout the Term, in Landlord's casualty
insurance policies, provisions to the effect that such policies shall not be
invalidated should the insured waive, in writing, prior to loss, any or all
right of recovery against any party for loss occurring to the Building. In
the
event that at any time Landlord's casualty insurance carriers shall exact an
additional premium for the inclusion of such or similar provisions, Landlord
shall give tenant notice thereof. In such event, if Tenant agrees, in writing,
to reimburse Landlord for such additional premium for the remainder of the
Term,
Landlord shall require the inclusion of such or similar provisions by Landlord's
casualty insurance carriers. As long as such or similar provisions are included
in Landlord's fire insurance policies then in force, Landlord hereby waives
any
right of recovery against Tenant, any other permitted occupant of the Premises,
and any of their servants, employees, agents or contractors, for any loss
occasioned by fire or other casualty that is an insured risk under such
policies. In the event that at any time Landlord's casualty insurance carriers
shall not include such or similar provisions in Landlord's fire insurance
policies, the waivers set forth in the foregoing sentence shall be deemed of
no
further force or effect.
12.4 Tenant
not Relieved from Liability.
Except
to the extent expressly provided in Section 12.3 hereof, nothing contained
in
this Lease shall relieve Tenant of any liability to Landlord or to its insurance
carriers which Tenant may have under law or under the provisions of this Lease
in connection with any damage to the Premises or the Building by fire or other
casualty.
12.5 No
Abatement of Rent if Damage Caused by Tenant.
Notwithstanding the foregoing provisions of Section 12 hereof, if any such
damage is due to the fault or neglect of Tenant, any person claiming through
or
under Tenant, or any of their servants, employees, agents, contractors, visitors
or licensees, then there shall be no abatement of Basic Rent or Additional
Rent
by reason of such damages, unless Landlord is reimbursed for such abatement
of
Basic Rent or Additional Rent pursuant to any rental insurance policies that
Landlord may, in its sole discretion, elect to carry.
13. Eminent
Domain
13.1 Total
Condemnation.
If all
of the Premises is condemned or taken in any manner for public or quasi-public
use, including but not limited to a conveyance or assignment in lieu of a
condemnation or taking, this Lease shall automatically terminate as of the
date
of dispossession of Tenant as a result of such condemnation or other taking.
If
a part of the Premises is so condemned or taken, this Lease shall automatically
terminate as to the portion of the Premises so taken as of the date of
dispossession of Tenant as a result of such condemnation or taking. If such
portion of the Building is condemned or otherwise taken so as to require, in
the
opinion of Landlord, a substantial alteration or reconstruction of the remaining
portions thereof, this Lease may be terminated by Landlord, as of the date
of
dispossession of Tenant as a result of such condemnation or taking, by written
notice to Tenant within sixty (60) days following notice to Landlord as of
the
date on which said dispossession will occur.
13.2 Landlord
Entitled to Award.
Landlord shall be entitled to the entire award in any condemnation proceeding
or
other proceeding for taking for public or quasi-public use, including, without
limitation, any award made for the value of the leasehold estate created by
this
Lease. No award for any partial or entire taking shall be apportioned, and
Tenant hereby assigns to Landlord any award that may be made in such
condemnation or other taking, together with any and all rights of Tenant now
or
hereafter arising in or to same or any part thereof; provided, however, that
nothing contained herein shall be deemed to give Landlord any interest in or
to
require Tenant to assign to Landlord any separate award made to Tenant
specifically for its relocation expenses, the taking of personal property and
fixtures belonging to Tenant or the interruption of or damage to Tenant's
business. Tenant shall be entitled to moving expenses.
13.3 Partial
Condemnation.
In the
event of a partial condemnation or other taking that does not result in a
termination of this Lease as to the entire Premises, the Basic Rent and
Additional Rent shall xxxxx in proportion to the portion of the Premises taken
by such condemnation or other taking.
13.4 No
Termination of Lease.
. If
all or any portion of the Premises is condemned or otherwise taken for public
or
quasi-public use for a limited period of time (not to exceed 30 days), this
Lease shall remain in full force and effect and Tenant shall continue to perform
all of the terms, conditions and covenants of this Lease, and Basic Rent and
Additional Rent shall xxxxx in proportion to the portion of the Premises taken
during such temporary condemnation or other taking.
14. Assignment
and Subletting
14.1 No
Assignment or Subletting Permitted.
Tenant
shall not directly or indirectly, voluntarily or by operation of law, sell,
assign, sublease, encumber, pledge or otherwise transfer or hypothecate all
or
any part of the Premises or Tenant's leasehold estate hereunder, without first
obtaining Landlord's prior written consent, which will not be unreasonably
withheld. A transfer of fifty percent (50%) or more of the ownership interests
of Tenant within any twelve (12) month period shall be deemed equivalent to
an
assignment or subletting requiring the consent of Landlord. Notwithstanding
the
foregoing, a corporate reorganization within the meaning of Section 368 of
the
Internal Revenue Code of 1986 shall not be considered an assignment or
subletting within the meaning of this Section 14.1. Tenant agrees that any
permitted assignment or subletting hereunder may be conditioned upon payment
of
consideration to be agreed upon by Landlord and Tenant.
14.2 Procedure
for Assignment, Subletting.
If
Tenant desires at any time to assign, sublease or otherwise transfer the
Premises or any portion thereof, it shall send a written notice to Landlord,
which notice shall contain (a) the name of the proposed occupancy or subtenant,
(b) the nature of the proposed occupant's or subtenant's business to be carried
on in the Premises, (c) the portion(s) of the Premises to be subject to such
assignment or sublease and the other terms and provisions of the proposed
assignment or sublease, (d) such financial information as Landlord may
reasonably request concerning the proposed occupant or subtenant, and (e) a
true
copy of a proposed assignment or sublease.
14.3 No
Release of Tenant.
No
assignment or sublease by Tenant shall relieve Tenant of any obligation to
be
performed by Tenant under this Lease, whether arising before or after the
assignment or sublease. Any assignment or sublease that is not in compliance
with this Section 14 shall be void and, at the option of Landlord, shall
constitute a default by Tenant under this Lease.
15. |
Building
Services.
|
Standard
Services. Landlord
shall furnish reasonably adequate (consistent with other, comparable buildings
in the Northern Virginia areas) electrical power for all normal office machines
and lighting, water and char services without additional cost to Tenant.
Landlord shall furnish hot and cold water at those points of supply provided
for
the general use of all of the tenants in the Building, as well as central heat
and air-conditioning in season, at such time as Landlord normally furnishes
these services to other tenants in the Building and at such temperatures and
in
such amounts as are considered by Landlord to be standard, Monday through
Friday, from 8:00 A.M. to 6:00 P.M., and on Saturday from 9:00 A.M. to 1:00
P.M.
or other such hours as Landlord may in its discretion deem appropriate,
exclusive of Sundays and all Federally-designated and Virginia designated
holidays which Landlord may choose to acknowledge during such seasons of the
year when such services are normally and usually furnished in modern office
buildings in the Northern Virginia Area. Landlord shall provide routine
maintenance, painting and electrical lighting service for all public areas
and
special service areas of the Building, in the manner and to the extent deemed
by
the Landlord to be standard. In the event an air conditioner unit or units
(in
excess of the Building Standard Improvements), for the purpose of cooling
computers or other office machinery, are installed by Tenant, the operation
of
the unit(s) all be under Tenant’s control, and the maintenance costs shall be
the obligation of Tenant. Failure by Landlord to any extent to furnish these
defined services, or any cessation thereof, or delay thereof caused by
breakdown, maintenance, repairs, strikes, scarcity of labor or materials, acts
of God or from any other cause, shall not render Landlord liable in any respect
for damages to either person or property, nor shall such events be construed
an
eviction of Tenant, nor work an abatement of Basic Rent or Additional Rent,
nor
relieve Tenant from the fulfillment of any term, condition, covenant or
agreement contained in this Lease. Should any of the Building equipment or
machinery break down, or for any cause or reason cease to function properly,
Landlord shall use reasonable diligence to repair the same promptly, but Tenant
shall have no claim for rebate of Basic Rent or Additional Rent or for any
damages on account of any interruptions in service occasioned thereby or
resulting therefrom.
15.2 Additional
Services.
Should
Tenant require heating and cooling services beyond the hours and/or days
stipulated in Section 15.1, provided Tenant gives Landlord notice of the nature
and extent of additional services desired by 1:00 P.M. on any day it desires
additional services in the evening, or by 1:00 P.M. on the Friday before it
desires additional services on the succeeding Saturday or Sunday, or by 1:00
P.M. of the last normal business day preceding any holidays Landlord has
indicated it will acknowledge, then, in any such event Landlord will furnish
such additional services requested at Twenty Five and 00/100 dollars ($25.00)
per hour which hourly charge may be increased by Landlord after review of
Landlord’s actual cost of providing such additional services; provided, further,
that there will be a minimum charge of four (4) hours each time overtime
services are required.
16. Default;
Remedies
16.1 Events
of Default.
The
following shall constitute an event of default under this Lease:
(a)
The
failure to pay any amount of Basic Rent or Additional Rent in full within seven
(7) days after the same is due.
(b)
The
failure to perform or honor any other covenant or condition made under this
Lease provided Tenant shall have a grace period of ten (10) days from the date
of written notice from Landlord within which to cure any such failure governed
by this subparagraph (b) but not specifically by the other subparagraphs of
this
Section 16.1; provided, however, that with respect to any such default that
cannot reasonably be cured within the ten (10) day grace period, Tenant shall
not be deemed in default if Tenant commences to cure within ten (10) days from
Landlord's notice and continues to prosecute diligently the curing thereof
to
completion within a reasonable time; and provided, further, that if any such
failures which would be deemed defaults hereunder upon expiration of such grace
period occur more often that twice in any twelve month period, the foregoing
requirements of written notice and a grace period shall be deemed waived with
respect to any such subsequent failures for the remainder of the
Term.
(c)
If
any representation or warranty made by Tenant, or others on behalf of Tenant,
under or pursuant to the Lease shall prove to have been false or misleading
in
any material respect (including by way of material omissions) as of the date
on
which such representation or warranty was made.
(d)
If
Tenant makes or consents to an assignment for the benefit of creditors or a
common law composition or creditors, or a receiver of Tenant's assets is
appointed, or Tenant files a voluntary petition in any bankruptcy or insolvency
proceeding, or an involuntary petition in bankruptcy or insolvency proceeding
is
filed against Tenant and not discharged or dismissed within thirty (30) days,
or
Tenant is adjudicated bankrupt or admits in writing its inability to pay its
debts or that it is insolvent.
(e)
Unless adequately covered by insurance in the reasonable opinion of the
Landlord, the entry of a final judgment for the payment of money in excess
of
$200,000.00 against the Tenant and the failure by the Tenant to discharge the
same, or cause it to be discharged, or bonded off to the Landlord's
satisfaction, within thirty (30) days from the date of the order, decree or
process under which or pursuant to which such judgment was
entered."
(f)
If
Tenant shall dissolve or liquidate, and such dissolution or liquidation is
not
in connection with a reorganization, merger or consolidation approved in writing
by Landlord.
16.2 Landlord's
Remedies.
Upon
the occurrence of an Event of Default which is not cured by Tenant within the
grace periods specified in Section 16.1 hereof, Landlord shall have the
following rights and remedies in addition to all other rights or remedies
available to Landlord in law or equity:
(a)
Landlord may terminate this Lease by notice to Tenant (and Tenant hereby
expressly waives any other or additional notice to quit or notice of Landlord's
intention to re-enter), whereupon this Lease and the Term shall terminate,
Tenant shall quit, vacate and surrender the Premises and all amounts accrued
and
unpaid Basic rent and Additional Rent shall be due and payable in
full.
(b)
Upon
any termination of this Lease pursuant to Section 16.2(a) or Section 17,
Landlord may (i) proceed to re-enter the Premises and recover possession
thereof; (ii) as attorney-in-fact for Tenant, remove therefrom all persons
and
Tenant's Property, store such Tenant's Property in a public warehouse or
elsewhere at the cost, and for the account, of Tenant, sell such Tenant's
Property and apply the proceeds thereof to payment of Tenant's obligations
and
liabilities under this Lease, and hold the balance of such proceeds, if any,
in
trust for Tenant; (iii) restore the Premises to good order and repair or
otherwise prepare the Premises for reletting by making such alterations, repairs
or replacements in the Premises as Landlord, in its sole discretion deems
necessary or appropriate; and (iv) relet the Premises for such rent, for such
term (which may be longer or shorter than the Term originally reserved
hereunder) and upon such other terms and conditions as are not unreasonable
under the circumstances. Tenant shall be liable for all damages sustained by
Landlord in connection with such termination of this Lease, including without
limitation the excess of the aggregate amounts of Basic Rent and Additional
Rent
reserved under this Lease for the Term originally reserved hereunder over net
amounts actually realized in reletting the Premises, reasonable attorneys'
fees,
brokerage commissions and the costs and expenses of recovering possession of
the
Premises and restoring the Premises to first class condition for
reletting.
Any
such
damages may, at Landlord's election, be recovered in one or more actions upon
termination of the Term, at the time of any initial reletting or from time
to
time as such damages may become more easily ascertainable by successive
relettings. In no event shall Landlord be liable for any failure to relet the
Premises or for any failure to collect any amounts due on account of relettings
and in no event shall Tenant have any right to any excess of amounts received
by
Landlord on account of relettings over amounts which Tenant may be liable
hereunder.
(c)
Landlord may elect not to terminate this Lease but to recover the Basic Rent
and
Additional Rent accruing hereunder in one or more actions as the same become
due
or, in advance, the present value of Basic rent and Additional Rent to become
due hereunder, discounted by a factor of eight percent (8%) per annum; or,
as
attorney-in-fact for Tenant, Landlord may from time to time sublet the Premises
or any part thereof for such term or terms (which may extend beyond the Term)
and at such rent and such other terms as Landlord in its sole discretion may
deem advisable, with the right to make alterations and repairs to the Premises.
Upon each such subletting (i) Tenant shall be immediately liable for payment
to
Landlord of, in addition to Basic Rent and Additional Rent due hereunder, the
cost of such subletting and such alterations and repairs incurred by landlord
and the amount, if any, by which the Basic Rent and Additional Rent for the
period of such subletting (to the extent such period does not exceed the Term)
exceeds the amount to be paid as Basic Rent and Additional Rent for the Premises
for such period, or (ii) at the option of Landlord, rents received from such
subletting shall be applied, first, to payment of any indebtedness other than
Basic Rent and Additional Rent due hereunder from Tenant to Landlord; second,
to
the payment of any costs of such subletting and of such alterations and repairs;
third, to payment of Basic Rent and Additional Rent due and unpaid hereunder;
and the residue, if any, shall be held by Landlord and applied in payment of
future Basic Rent and Additional Rent as the same become due
hereunder.
If
Tenant
has been credited with any rent to be received by such subletting under clause
(i) and such rent shall not be promptly paid to Landlord by the subtenant(s),
or
if such rentals received from such subletting under clause (ii) during any
month
are less than those to be paid during that month by Tenant hereunder, Tenant
shall pay any such deficiency to Landlord. Such deficiency shall be calculated
and paid monthly. No subletting of the Premises by Landlord, as attorney-in-fact
for Tenant, shall be construed as an election on its part to terminate this
Lease unless a notice of such termination is given to Tenant. Notwithstanding
any such subletting without termination, Landlord may at any time thereafter
elect to terminate this Lease for such previous breach; and
(d)
Landlord may have a receiver appointed for Tenant, upon application by Landlord,
to take possession of the Premises and to apply any rental collected from the
Premises and to exercise all other rights and remedies granted to Landlord
as
attorney-in-fact for Tenant pursuant to Section 16.2(b) hereof.
(e)
Tenant hereby expressly and unconditionally waives, in connection with any
suit,
action or proceeding brought by Landlord under this Lease, any and every right
it may have to (i) injunctive relief, (ii) a trial by jury, (iii) interpose
any
counterclaim therein and (iv) have the same consolidated with any other or
separate suit, action or proceeding. Nothing herein contained shall prevent
or
prohibit Tenant from instituting or maintaining a separate action against
Landlord with respect to any asserted claim.
17. Insolvency
or Bankruptcy.
Upon
the appointment of a receiver to take possession of all or substantially all
of
the assets of Tenant, or an assignment by Tenant for the benefit of creditors,
or any action taken or suffered by Tenant under any insolvency, bankruptcy,
reorganization, moratorium or other debtor relief act or statute, whether now
existing or hereafter amended or enacted, this Lease shall automatically
terminate without notice or other action by Landlord or Tenant; provided
further, that Landlord shall have the right, within thirty (30) days after
Landlord has actual knowledge of the events effecting such termination, to
revoke such termination and reinstate this Lease retroactively to the date
of
such termination. Upon, and at any time after, such termination, Landlord shall
have the right to exercise the remedies reserved under Section 16.2(b). In
no
event shall this Lease or any rights or privileges hereunder be an asset of
Tenant under any bankruptcy, insolvency, reorganization or other debtor relief
proceedings.
18. Fees
and Expenses; Indemnity; Liability Insurance
18.1 Performance
by Landlord.
If
Tenant shall default in the performance of its obligations under this Lease,
Landlord, at any time thereafter and without notice, may remedy such default
for
Tenant's account and at Tenant's expense, without thereby waiving any other
rights or remedies of Landlord with respect to such default.
18.2 |
Indemnification
by Tenant.
|
(a)Tenant
agrees to indemnify Landlord, its employees, agents, contractors, mortgagees
and
successors in interest against and save Landlord, its employees, agents,
contractors, mortgagees and successors in interest harmless from any and all
loss, cost, liability, damage and expense including, without limitation,
penalties, fines and reasonable counsel fees, incurred in connection with or
arising from any cause whatsoever in, on or about the Premises, including,
without limiting the generality of the foregoing (i) any default by Tenant
in
the observance or performance of any of the terms, covenants or conditions
of
this Lease on Tenant's part to be observed or performed, or (ii) the use or
occupancy or manner of use or occupancy of the Premises by Tenant or any person
or entity claiming through or under Tenant, (iii) any acts, omissions or
negligence of Tenant or any person or entity claiming through or under Tenant,
or of the contractors, agents, servants, employees, visitors or licensees of
Tenant or any such person or entity, in, on or about the Premises or the
Building,, during, the Term, including without limitation, any acts, omissions
or negligence in the making or performing of any Alterations.
(b)
Landlord shall indemnify, defend and hold harmless Tenant, its employees,
shareholders, agents and contractors, from and against all loss, liability,
damages, claims, liabilities and costs (including, but not limited to attorney'’
fees) incurred in connection with or arising from (I) the negligence or willful
misconduct of Landlord, its agents, employees or contractors, (ii) Landlord’s
operation and management of the Premises; (iii) latent defects in the Premises,
(iv) any breach of Landlord’s obligation xxxxxx this Lease; and (v) the presence
of any hazardous materials in the or contamination in the Building or on the
Real Property resulting from Landlord’s acts or omissions. This section 18.2
shall survive termination or expiration of this Lease.
18.3 Liability
Insurance.
(A)
PROPERTY INSURANCE. Tenant shall maintain during its term
of
this Lease and any extensions thereof, appropriate insurance (or self insurance)
on all equipment and personal property of Tenant Located in Premises. All
property Insurance obtained by Landlord and Tenant in accordance with this
Article 18.3 of the Lease shall be written by a financially responsible company
or companies. (B) LIABILITY INSURANCE. Both Landlord and Tenant shall maintain
during the term of this Lease and any extensions thereof, commercial general
liability insurance policies, with a minimum coverage of 1,000,000 per
occurrence for property damage, bodily injuries or deaths of persons occurring
in or about the Building and Premises. Said insurance shall be written by a
financially responsible company or companies. Upon written request, each party
shall provide the other party with certificates of insurance, evidencing the
liability coverage required by this Article 18.3 of the Lease. (C) WAIVER OF
SUBROGATION. Anything in this Lease to the contrary notwithstanding, Landlord
and Tenant each waive any and all rights of recovery, claims, actions or causes
of action , against the other, its agents,, officers, or employees, for any
loss
or damage that may occur to the Premises or
Building, regardless of cause or origin, including the negligence of Landlord
or
Tenant, their agents, officers or employees, if: (i) any such loss or damage
is
covered by insurance benefiting the party suffering such loss or damage or
(ii)
is required to be covered by insurance pursuant to this Lease. (D) INDEMNITY.
Unless due to Landlord’s negligence or willful misconduct, Tenant shall protect,
indemnify, defend and hold Landlord harmless from any and all cost, loss,
damage, liability or expense arising out of or connected with injury or damage,
including death, to persons or property occurring on the Premises, or arising
out of any act or omission of Tenant, its agents, officers, employees or
invitees. Unless due to Tenant’s negligence or willful misconduct, Landlord
shall protect, indemnify, defend and hold Tenant harmless from any and all
cost,
loss, damage, liability or expense arising out of, or connected with injury
or
damage, including death, to persons or property occurring in or around the
Building, common areas or parking lot, or arising out of any act or omission
of
Landlord, its agents, officers, employees or invitees.
18.4 Delivery
of Policies.
Tenant
shall deliver policies of all required insurance, or certificates thereof,
to
Landlord on or before the Rent Commencement Date, and thereafter at least thirty
(30) days before the expiration dates of expiring policies. In the event Tenant
shall fail to procure such insurance, or to deliver such policies or
certificates, Landlord may, at its option, procure same for the account of
Tenant, and the cost thereof shall be paid to Landlord as Additional Rent within
five (5) days after delivery to Tenant of bills therefor. Landlord shall give
Tenant opportunity to cure. Tenant's compliance with the provisions of this
Section 18.4 shall in no way limit Tenant's liability under any of the other
provisions of this Section.
18.5 Landlord
Not Liable.
Landlord shall not be responsible for or liable to Tenant for any loss or damage
that may be occasioned by or through the acts or omissions of persons occupying
adjoining premises or any part of the premises adjacent to or connection with
the Premises or any part of the Building or of third parties either legally
or
illegally within the Premises or the Building or for any loss or damage
resulting to Tenant or its property from burst, stopped or leaking water, gas,
sewer or steam pipes or for any damage or loss or property within the Premises
from any causes whatsoever, including theft or vandalism.
18.6 Payment
by Tenant.
Except
as specifically provided to the contrary in this Lease, Tenant shall pay to
Landlord, within ten (10) days after notice by Landlord to Tenant of the amount
thereof: (a) sums equal to all expenditures made and monetary obligations
incurred by Landlord including, without limitation, expenditures made and
obligations incurred for reasonable counsel fees, in connection with the
remedying by Landlord for Tenant's account pursuant to the provisions of Section
18.1 hereof; (b) sums equal to all losses, costs, liabilities, damages and
expenses referred to in Section 18.2 hereof; and (c) sums equal to all
expenditures made and monetary obligations incurred by Landlord, including,
without limitation, expenditures made and obligations incurred for reasonable
counsel fees, in collecting or attempting to collect the Basic Rent, Additional
Rent or any other sum of money accruing under this Lease or in enforcing or
attempting to enforce any rights of Landlord under this Lease or pursuant to
law. Any sum of money (other than Basic Rent) accruing from Tenant to Landlord
pursuant to any provision of this Lease, whether prior to or after the Rent
Commencement Date, may, at Landlord's option, be deemed Additional Rent.
Tenant's obligations under this 18.6 shall survive the expiration or earlier
termination of the Term.
19. Access
to Premises; Landlord's Right to Enter.
Landlord reserves and shall have the right to enter the Premises at all
reasonable times to inspect same, to show the Premises to prospective
purchasers, mortgagees or tenants, to post notices of nonresponsibility, and
to
alter, improve or repair the Premises, adjacent premises and any other portion
of the Building or any systems serving any of the same, without abatement of
Basic Rent or Additional Rent, and may for that purpose erect, use and maintain
scaffolding, pipes, conduits and other necessary structures in and through
the
Premises where reasonably required by the character of the work to be performed;
provided that the entrance to the Premises shall not be blocked thereby.
Landlord and its agents shall also have unrestricted access to the Premises
at
any time in the event of an emergency, without abatement of Basic Rent or
Additional Rent. Tenant hereby waives any claim for damages for any injury
or
inconvenience to or interference with Tenant's business, any loss of occupancy
or quiet enjoyment of the Premises or any other loss occasioned thereby. For
each of the aforesaid purposes, Landlord shall at all times have and retain
a
key with which to unlock all of the doors in, upon and about the Premises,
excluding Tenant's vaults and safes, or special security areas (designated
as
such by Tenant in advance), and Landlord shall have the right to use any and
all
means that Landlord may deem necessary or proper to open said doors in an
emergency, in order to obtain entry to any portion of the Premises, and any
entry to the Premises or portions thereof obtained by Landlord by any of said
means, or otherwise, shall not under any circumstances be construed or deemed
to
be a forcible or unlawful entry into, or a detainer of, the Premises, or an
eviction, actual or constructive, of Tenant from the Premises or any portion
thereof. Landlord shall also have the right at any time, without same
constituting an actual or constructive eviction and without incurring any
liability to Tenant therefor, to change the arrangement and/or location of
entrances or passageways, doors and doorways, and corridors, elevators, stairs,
toilets and other public parts of the Building.
20. Waiver;
Release
20.1 No
Waiver.
No
failure by Landlord to insist upon the strict performance of any obligation
of
Tenant under this Lease or to exercise any right, power or remedy consequent
upon a breach thereof, no acceptance of full or partial Basic rent or Additional
Rent during the continuance of any such breach, and no acceptance of the keys
to
or possession of the Premises prior to the termination of the Term by any
employee of Landlord shall constitute a waiver of any such breach or of such
term, covenant or condition or operate as a surrender of this Lease. No payment
by Tenant or receipt by Landlord or a lesser amount than the aggregate of all
Basic Rent and Additional Rent then due under this Lease shall be deemed to
be
other than on account of the first items of such Basic Rent and Additional
Rent
then accruing or becoming due, unless Landlord elects otherwise; and no
endorsement or statement on any check and no letter accompanying any check
or
other payment of Basic Rent or Additional Rent in any such lesser amount and
no
acceptance of any such check or other such payment by Landlord shall constitute
an accord and satisfaction, and Landlord may accept such check or payment
without prejudice to Landlord's right to recover the balance of such Basic
Rent
or Additional Rent or to pursue any other legal remedy.
20.2 Modifications
in Writing.
Neither
this Lease nor any term or provision hereof may be changed, waived, discharged
or terminated orally, and no breach thereof shall be waived, altered or
modified, except by a written instrument signed by the party against which
the
enforcement of the change, waiver, discharge or termination is sought. No waiver
of any breach shall affect or alter this Lease, but each and every term,
covenant and condition of this Lease shall continue in full force and effect
with respect to any other then existing or subsequent breach
thereof.
21. Tenant's
Certificates.
Tenant,
at any time and from time to time upon not less than fifteen (15) days' prior
written notice from Landlord, will execute, acknowledge and deliver to Landlord
and, at Landlord's request, to any prospective purchaser, or mortgagee of any
part of the Building and Real Property, a certificate of Tenant stating: (a)
that Tenant has accepted the Premises (or, if Tenant has not done so, that
Tenant has not accepted the Premises and specifying the reasons therefor),
(b)
the Commencement and Term Expiration Dates of this Lease, (c) that this Lease
is
unmodified and in full force and effect (or, if there have been modifications,
that same is in full force and effect as modified and stating the
modifications), (d) whether or not there are then existing any defenses against
the enforcement of any of the obligations of Tenant under this Lease (and,
if
so, specifying same), (e) the dates, if any, to which the Basic Rent and
Additional Rent and other charges under this Lease have been paid. It is
intended that any such certificate of Tenant delivered pursuant to this Section
21 may be relied upon by Landlord and any prospective purchaser, ground or
underlying lessor or mortgagee of any part of the Real Property.
22. Rules
and Regulations.
Tenant,
its agents, employees, invitees, licensees, customers, clients and guests shall
at all times faithfully observe and comply with the rules and regulations
attached hereto as Exhibit
C,
and
such other rules and regulations as may be promulgated from time to time by
Landlord, and all modifications thereof and additions thereto, from time to
time, put into effect by Landlord. Landlord shall not be responsible for the
nonperformance by any other tenant or occupant of the Building of any said
rules
and regulations. In the event of an express and direct conflict between the
terms, covenants, agreements and conditions of this Lease and the terms,
covenants, agreements and conditions of such rules and regulations, as modified
and amended from time to time by Landlord, this Lease shall
control.
23. Tax
on
Tenant's Personal Property.
Prior
to delinquency, Tenant shall pay all taxes levied or assessed upon Tenant's
equipment, furniture, fixtures and other personal property located in or about
the Premises. If the assessed value of Landlord's property is increased by
the
inclusion therein of a value placed upon Tenant's equipment, furniture, fixtures
or other personal property, Tenant shall pay to Landlord, upon demand, the
taxes
so levied against Landlord, or the portion thereof resulting from said increase
in assessment.
24. Authority.
The
persons executing this Lease on behalf of Tenant hereby covenant and warrant
that Tenant is a duly authorized and existing entity, that Tenant has and is
qualified to do business in the Commonwealth of Virginia, that Tenant has full
right and authority to enter into this Lease, and each person signing on behalf
of Tenant is authorized to do so. Upon Landlord's request, Tenant shall provide
Landlord with evidence reasonably satisfactory to Landlord confirming the
foregoing covenants and warranties.
25. Signage.
Tenant
shall be allowed signage rights in accordance with applicable local zoning
ordinances and the Covenants, provided, however, that no sign, advertising
or
notice shall be inscribed, affixed or displayed on any part of the outside
or
inside or the Building, unless such sign specifications and location are
approved in writing in advance by Landlord. If any sign, advertisement or notice
is improperly exhibited Landlord shall have the right to remove the same, and
Tenant shall be liable for any and all expenses incurred by Landlord in such
removal. Landlord shall have the right to prohibit any advertising by Tenant
which, in Landlord's opinion, tends to impair the reputation of the Building
or
its desirability as a high quality retail, commercial or office
building.
26. |
Parking.
Tenant shall have the right to use the parking facilities of the Building.
Tenants use of such facilities
|
shall
be
in common with other tenants or occupants of the Building and their respective
licensees and permitees and Tenant shall not be entitled to assigned parking
spaces. In any event, Tenant's use of the parking facilities shall be in
accordance with the rules and regulations of Landlord or any operator of such
facilities in effect from time to time. The parking facilities shall be lighted
during evening hours. Tenant shall be allowed the use of three.four (3.4)
parking spaces per 1,000 sq ft leased. Landlord has the right to restrict the
use of the parking area to this number
27. Miscellaneous
27.1 Notices.
Except
as otherwise expressly provided in this Lease, any bills, statements, notices,
demands, requests or other communications given or required to be given under
this Lease shall be effective only if rendered or given in writing, sent by
mail
or delivered personally as follows:
To
Tenant: Campus
Tech, Inc.
Attention:
Xxxxxx
Xxxxx, President
Address: 000
Xxxxxxx Xxxx, Xxxxx 000
Telephone
# 000.000.0000
Fax
# 000.000.0000
To
Landlord: PARK
CENTRE I, LLC
C/o
Ward
Corporation
Attention:
Xxxxxxx
X. Xxxx
0000
Xxxxxxx Xxxxx
Xxxxxxxxx,
XX 00000
Telephone:
301/000-0000
Fax:
301/000-0000
or
to
such other address as either Landlord or Tenant may designate as its new address
for such purpose by notice to the other in accordance with the provisions of
this Section. Any such xxxx, statement notice, demand, request or other
communication shall be deemed to have been rendered or given two (2) days after
the date when it shall have been mailed as provided in this Section if sent
by
registered or certified mail, or upon the date personal delivery is made. If
Tenant is notified of the identity and address of Landlord's mortgagee or ground
or underlying lessor, Tenant shall give to such mortgagee or ground or
underlying lessor notice of any default by Landlord under the terms of this
Lease in writing sent by registered or certified mail, and such mortgagee or
ground or underlying lessor shall be given a reasonable opportunity to cure
such
default prior to Tenant's exercising any remedy available to it.
27.2 Interpretation.
The
words "Landlord" and "Tenant" as used herein shall include the plural as well
as
the singular. The words used in the neuter gender include the masculine and
the
feminine. The captions preceding the articles of this Lease have been inserted
solely as a matter of convenience and such captions in no way define or limit
the scope or intent of any provision of this Lease.
27.3 Successors
and Assigns.
All
rights, remedies and liabilities herein given to or imposed upon either of
the
parties hereto, shall extend to their respective heirs, executors,
administrators, successors, and assigns. This provision shall not be deemed
to
grant Tenant any right to assign this Lease or to sublet the
premises.
27.4 Severability.
If any
provision of this Lease or the application thereof to any person or circumstance
shall, to any extent, be invalid or unenforceable, the remainder of this Lease,
or the application of such provisions to persons or circumstances other than
those as to which it is invalid or unenforceable, shall not be affected thereby,
and each provision of this Lease shall be valid and be enforced to the full
extent permitted by law.
27.5 Applicable
Law.
This
Lease shall be construed and enforced in accordance with the laws of the
Commonwealth of Virginia.
27.6 No
Option to Lease.
Submission of this instrument for examination or signature by Tenant does not
constitute a reservation of or an option for lease, and it is not effective
as a
lease or otherwise until execution and delivery by both Landlord and
Tenant.
27.7 Entire
Agreement.
This
instrument, including the Exhibits hereto, which are made a part of this Lease,
contains the entire agreement between the parties and all prior negotiations
and
agreements are merged herein. Neither Landlord nor Landlord's agents have made
any representations or warranties with respect to the Premises, the Building,
the Real Property or this Lease except as expressly set forth herein, and no
rights, easements or licenses are or shall be acquired by Tenant by implication
or otherwise unless expressly set forth herein.
27.8 Inspection
by Landlord.
The
review, approval, inspection or examination by Landlord of any item to be
reviewed, approved, inspected or examined by Landlord under the terms of this
Lease or the Exhibits attached hereto shall not constitute the assumption of
any
responsibility by Landlord for either the accuracy or sufficiency of any such
item or the quality or suitability of such item for its intended use. Any such
review, approval, inspection or examination by Landlord is for the sole purpose
of protecting Landlord's interests in the Building and under this Lease, and
no
third parties, including, without limitation, Tenant or any person or entity
claiming through or under Tenant, or the contractors, agents, servants,
employees, visitors or licensees of Tenant or any such person or entity, shall
have any rights hereunder.
27.9 Legal
Fees Paid by Prevailing Party.
In the
event that either Landlord or Tenant fails to perform any of its obligations
under this Lease or in the event a dispute arises concerning the meaning or
interpretation of any provision of this Lease, the defaulting party or the
party
not prevailing in such dispute, as the case may be, shall pay any and all costs
and expenses incurred by the other party in enforcing or establishing its rights
hereunder, including, without limitation, court costs and reasonable counsel
fees.
27.10 Surrender
of Premises.
Upon
the expiration or sooner termination of the Term, Tenant will quietly and
peacefully surrender to Landlord the Premises in the condition in which they
are
required to be kept as provided hereunder, ordinary wear and tear
excepted.
27.11 Quiet
Enjoyment.
Upon
Tenant paying the Basic Rent and Additional Rent and performing all of Tenant's
obligations under this Lease, Tenant may peacefully and quietly enjoy the
Premises during the Term as against all persons or entities lawfully claiming
by
or through Landlord; subject, however, to the provisions of this Lease and
to
any mortgages, ground or underlying lease referred to herein.
27.12 No
Reduction in Rent.
Tenant
covenants and agrees that no diminution of light, air or view by any structure
that may hereafter be erected (whether or not by Landlord) shall entitle Tenant
to any reduction of Basic Rent or Additional Rent under this Lease, result
in
any liability of Landlord to Tenant, or in any other way affect this Lease
or
Tenant's obligations hereunder.
27.13 Holding
Over by Tenant.
Any
holding over after the Term Expiration Date or the termination of the Term
if
sooner with the consent of Landlord shall be construed to be a tenancy from
month to month at a rental equal to two (2) times the Basic Rent herein
specified unless Landlord shall specify a different rent in its sole discretion,
together with an amount estimated by Landlord for the monthly Additional Rent
payable under this Lease, and shall otherwise be on the terms and conditions
herein specified so far as applicable. Any holding over without Landlord's
consent shall constitute a default by Tenant and entitle Landlord to reenter
the
Premises as provided in Section 16 hereof.
27.14 Broker;
Indemnification Therefore.
Landlord warrants that they have engaged N/A
.,
(the
"Landlord's Broker") and Tenant warrants that they have engaged
Xxxxx
Xxxxx, Xxxxxxx and Xxxxxxx,
(the
"Tenant's Broker"), respectively, as their exclusive brokers in connection
with
negotiating and entering into this Lease and Landlord hereby agrees to pay
the
Broker(s) a commission under the terms of a separate agreement. Tenant and
Landlord shall indemnify each other and hold each other harmless respectively
from and against any and all claims, demands, losses, liabilities, actions,
judgments, costs and expenses (including reasonable attorneys' fees) suffered
or
incurred by the other and arising out of any claims for commissions or other
compensation alleged to be owing on account of Tenant and Landlord,
respectively, dealing with any other broker, agent or finder.
. 27.15 No
Recordation of Lease by Tenant.
Tenant
will not record this Lease or any memorandum or short form hereof, but at the
request of Landlord; Tenant shall execute, acknowledge and deliver to Landlord
in proper form for recordation a memorandum of this Lease, setting forth the
terms and provisions hereof in summary form.
27.16 No
Merger of Estates.
The fee
title of Landlord and the leasehold estate of Tenant shall at all times be
separate and apart, and shall in no event be merged, notwithstanding the fact
that this Lease or the leasehold estate created hereby, or any interest in
either thereof, may be held directly or indirectly by or for the account of
any
person who shall own the fee estate in the Premises or any portion thereof;
and
no such merger of estates shall occur by operation of law, or otherwise, unless
and until all persons at the time having any interest in the fee estate and
all
persons having any interest in the Lease or the leasehold estate, including
any
mortgagee or leasehold mortgagee, shall join in the execution of a written
instrument affecting such merger of estates.
27.17 Security
Deposit.
Simultaneously with the execution of this Lease, Tenant shall deposit with
Landlord the sum of $3,416
,
as a
security deposit for the performance by Tenant of the provisions of this Lease.
The Security Deposit shall be one (1) month Basic Rent. Such deposit shall
be
considered as security for the payment and performance by Tenant of all Tenant's
obligations, covenants, conditions and agreements under this Lease. In the
event
of any default by Tenant hereunder, landlord shall have the right, but shall
not
be obligated to apply all or any portion of the deposit to cure such default,
in
which event Tenant shall be obligated to promptly deposit with Landlord the
amount necessary to restore the deposit to its original amount. If Tenant is
not
in default at the expiration of the Term, Landlord shall return the security
deposit to Tenant
27.18 Additional
Documents.
This
Lease includes and incorporates the Exhibits listed in the Table of Contents
and
the following additional documents, all of which are attached hereto and made
a
part hereof (check if applicable):
(x
)
Rules & Regulations
(
) First
Addendum to Lease
( )
Guarantee of Lease
(
x )
Other:: Floor plan Layout -Exhibit A
IN
WITNESS WHEREOF, Landlord and Tenant have executed this Lease Agreement as
of
the day and year first above written.
LANDLORD: PARK
CENTRE I ,
LLC
TENANT:
By:___________________________________ By:__________________________________
Xxxxxxx
X. Xxxxxxx, Member
Xxxxxx
Xxxxx, President
Print
Name and Title
Date:__________________________________ Date:_________________________________
WITNESS: WITNESS:
By:___________________________________ By:___________________________________
RULES
AND REGULATIONS
Reference
is made to a certain Lease dated __September
10, 2007____________ to
which
these Rules and Regulations are attached. Definition of terms is set forth
in
the Lease.
1. The
sidewalks, entrances, passages, courts, elevators, vestibules, stairways,
corridors, halls or other parts of the Building not occupied by any tenant
shall
not be obstructed or encumbered by any tenant or used for any purpose other
than
ingress and egress to and from the Lease Premises. Landlord shall have the
right
to control and operate the public portions of the Building, and the facilities
furnished for the common use of the tenants, in such manner as Landlord deems
best for the benefit of the tenants generally. No tenant shall permit the visit
to the Leased Premises of persons in such numbers or under such conditions
as to
interfere with the use and enjoyment by other tenants of the entrances,
passages, courts, elevators, vestibules, stairways, corridors, halls and other
public portions or facilities of the Building.
2. No
awnings or other projections shall be attached to the outside walls of the
Building without the prior written consent of the Landlord. No drapes, blinds,
shades or screens shall be attached to, hung in, or used in connection with
any
window or door of the Leased Premises, without the prior written consent of
the
Landlord. Such awnings, projections, curtains, blinds, shades, screens or other
fixtures must be of a quality, type, design and color, and attached in the
manner approved by Landlord.
3. No
sign,
advertisement, notice or other lettering shall be exhibited, inscribed, painted
or affixed by any tenant on any part of the outside or inside of the Leased
Premises or the Building without the prior written consent of the Landlord.
In
the event of the violation of the foregoing by any tenant, Landlord may remove
same without incurring any liability, and may charge the expense incurred by
such removal to the tenant or tenants violating this rule. Interior signs on
doors and directory tablets shall be inscribed, painted or affixed for each
tenant by the Landlord at the expense of such tenant, and shall be of a size,
color and style acceptable to the Landlord.
4. No
showcases or other articles shall be put in front of or affixed to any part
of
the exterior of the Building, not placed in the halls, corridors or vestibules
without the prior written consent of the Landlord.
5. The
water, wash closets and other plumbing fixtures shall not be used for any
purposes other than those for which they were constructed, and no sweepings,
rubbish, rags, or other substances shall be thrown therein. All damages
resulting from any misuse of the fixtures shall be borne by the tenant who,
or
whose servants, employees, agents, visitors or licensees, shall have caused
the
same.
6. There
shall be no marking, painting, drilling into or in any way defacing any part
of
the Leased Premises or the Building. No boring, cutting or stringing of wires
shall be permitted. Tenant shall not construct, maintain, use or operate within
the Leased Premises or elsewhere within or on the outside of the Building,
any
electric device, wiring or apparatus in connection with a loud speaker system
or
other sound system.
7. No
bicycles, vehicles or animals, birds or pets of any kind shall be brought into
or kept in or about the Leased Premises, and no cooking shall be done or
permitted by any tenant on said Leased Premises. No tenant shall cause or permit
any unusual or objectionable odors to be produced upon or permeate from the
Leased Premises.
8. No
space
in the Building shall be used for the sale of merchandise, goods or property
of
any kind at auction.
9. No
tenant
shall make, or permit to be made, any unseemly or disturbing noises or disturb
or interfere with occupants of this or neighboring buildings or premises of
those having business with them, whether by the use of any musical instrument,
radio, talking machine, unmusical noise, whistling, singing, or in any other
way. No tenant shall throw anything out of the doors or windows or down the
corridors or stairs.
10. No
inflammable, combustible or explosive fluid, chemical or substance shall be
brought or kept upon the Lease Premises.
11. No
additional locks or bolts of any kind shall be placed upon any of the doors,
or
windows by any tenant, nor shall any changes be made in existing locks or the
mechanisms thereof. The doors leading to the corridors or main halls shall
be
kept closed except as they may be used for ingress or egress. Each tenant shall,
upon the termination of his tenancy, restore to Landlord all keys of stores,
offices, storage and toilet rooms either furnished to, or otherwise procured
by
such tenant, and in the event of the loss of any keys, so furnished, such tenant
shall pay to the Landlord the cost thereof.
12. All
removals, or the carrying in or out of any safes, freight, furniture or bulky
matter or any description must take place only at the loading dock. There shall
be no loading or unloading at the main entrance of the Building. The Landlord
reserves the right to inspect all freight to be brought into the Building and
to
exclude from the Building all freight which violates any of these Rules and
Regulations are a part.
13. Any
person employed by any tenant to do janitor work within the Leased Premises
must
obtain Landlord's consent and such person shall, while in the Building and
outside of said Leased Premises, comply with all instructions issued by the
Landlord, its agents or employees. No tenant shall engage or pay any employees
on the Leased Premises, except those actually working for such tenant on said
Leased Premises.
14. Landlord
shall have the right to prohibit any advertising by any tenant which, in
Landlord's opinion, tends to impair the reputation of the Building or its
desirability as a building for offices, and upon written notice from Landlord,
tenant shall refrain from or discontinue such advertising.
15. The
Landlord reserves the right to exclude from the Building at all times any person
who is not known or does not properly identify himself to any building
management or watchman on duty. Each tenant shall be responsible for all persons
from whom he authorizes entry into or exit out of the Building, and shall be
liable to the Landlord for all acts of such persons.
16. The
Leased Premises shall not be used for lodging or sleeping or for any immoral
or
illegal purpose.
17. Each
tenant, before closing and leaving the Leased Premises at any time, shall see
that all windows are closed and all lights turned off.
18. Canvassing,
soliciting and peddling in the Building is prohibited and each tenant shall
cooperate to prevent the same.
19. There
shall not be used in any space, or in the public halls of the Building, either
by any tenant or by jobbers or others, in the delivery or receipt of
merchandise, any hand trucks, except those equipped with rubber tires and
sideguards.
20. Access
plates to underfloor conduits shall be left exposed. Where carpet is installed,
carpet shall be cut around access plates.
21. Mats,
trash or other objects shall not be placed in the public corridors.
22. Drapes
installed by the Landlord for the use of the tenant or drapes installed by
the
tenant, which are visible from the exterior of the Building must be cleaned
by
the tenant at least once a year, without notice, at said tenant's own
expense.
23. The
tenant shall refer to the Building only by the name from time to time designated
by the Landlord, and shall use such name only for the business address of the
Leased Premises and not for any promotional or other purposes.
24. Violation
of these rules and regulations, or any amendments thereto, shall be sufficient
cause for termination of this Lease at the option of the Landlord.
25. Landlord
may, upon request by any tenant, waive the compliance by such tenant of any
of
the foregoing rules and regulations, provided that (i) no waiver shall be
effective unless signed by Landlord or Landlord's authorized agent, (ii) any
such waiver shall not relieve such tenant from the obligation to comply with
such rule or regulation in the future unless expressly consented to by Landlord,
(iii) no waiver granted to any tenant shall relieve any other tenant from the
obligation of complying with the foregoing rules and regulations unless such
other tenant has received a similar waiver in writing from Landlord, and (iv)
any such waiver by Landlord shall not relieve tenant from any obligation or
liability of tenant to Landlord pursuant to the Lease for any loss or damage
occasioned as a result of tenant's failure to comply with any such rule or
regulation.
26. Prior
to
commencing any construction, improvements or work in the Premises, Tenant shall
notify Landlord and obtain Landlord’s approval, which shall not be unreasonably
delayed or withheld.
27. Tenant
shall only move furniture, fixtures and equipment into and out of the Premises
during non-business hours unless Landlord gives approval otherwise.