SAMPLE COMMERCIAL LEASE AGREEMENT

THIS LEASE AGREEMENT is made and entered into [DATE], by and beteen
[NAME], !ose address is [ADDRESS], "!ereina#ter re#erred to as
$Land%ord$&, and [NAME], !ose address is [ADDRESS], "!ereina#ter re#erred
to as $Tenant$&'
ARTICLE I ( GRANT O) LEASE
Land%ord, in *onsideration o# t!e rents to be +aid and t!e *o,enants and a-reements to be
+er#ormed and obser,ed by t!e Tenant, does !ereby %ease to t!e Tenant and t!e Tenant
does !ereby %ease and ta.e #rom t!e Land%ord t!e +ro+erty des*ribed in E/!ibit $A$
atta*!ed !ereto and by re#eren*e made a +art !ereo# "t!e $Leased Premises$&, to-et!er
it!, as +art o# t!e +ar*e%, a%% im+ro,ements %o*ated t!ereon'
ARTICLE II ( LEASE TERM
Se*tion %' Tota% Term o# Lease' T!e term o# t!is Lease s!a%% be-in on t!e
*ommen*ement date, as de#ined in Se*tion 0 o# t!is Arti*%e II, and s!a%% terminate on
[DATE]'
Se*tion 0' Commen*ement Date' T!e $Commen*ement Date$ s!a%% mean t!e date on
!i*! t!e Tenant s!a%% *ommen*e to *ond1*t b1siness on t!e Leased remised, so %on- as
s1*! date is not in e/*ess o# si/ty "23& days s1bse41ent to e/e*1tion !ereo#'
ARTICLE III ( E5TENSIONS
T!e +arties !ereto may e%e*t to e/tend t!is A-reement 1+on s1*! terms and *onditions as
may be a-reed 1+on in ritin- and si-ned by t!e +arties at t!e time o# any s1*!
e/tension'
ARTICLE I6 ( DETERMINATION O) RENT
T!e Tenant a-rees to +ay t!e Land%ord and t!e Land%ord a-rees to a**e+t, d1rin- t!e term
!ereo#, at s1*! +%a*e as t!e Land%ord s!a%% #rom time to time dire*t by noti*e to t!e
Tenant, rent at t!e #o%%oin- rates and times7
Se*tion 8' Ann1a% Rent' Ann1a% rent #or t!e term o# t!e Lease s!a%% be [AMO9NT]
Do%%ars ":[;]&, +%1s a++%i*ab%e sa%es ta/'
Se*tion 0' Payment o# <ear%y Rent' T!e ann1a% rent s!a%% be +ayab%e in ad,an*e in e41a%
mont!%y insta%%ments o# one(te%#t! "8=80t!& o# t!e tota% year%y rent, !i*! s!a%% be
[AMO9NT] Do%%ars ":[;]&, on t!e #irst day o# ea*! and e,ery *a%endar mont! d1rin- t!e
term !ereo#, and +rorata #or t!e
8
#ra*tiona% +ortion o# any mont!, e/*e+t t!at on t!e #irst day o# t!e
*a%endar mont! immediate%y #o%%oin- t!e Commen*ement Date, t!e Tenant
s!a%% a%so +ay to t!e Land%ord rent at t!e said rate #or any +ortion o# t!e
+re*edin- *a%endar mont! in*%1ded in t!e term o# t!is Lease'
Re#eren*e to year%y rent !ere1nder s!a%% not be im+%ied or *onstr1ed to t!e
e##e*t t!at t!is Lease or t!e ob%i-ation to +ay rent !ere1nder is #rom year
to year, or #or any term s!orter t!an t!e e/istin- Lease term, +%1s any
e/tensions as may be a-reed 1+on'
A %ate #ee in t!e amo1nt o# [AMO9NT] Do%%ars ":[;]& s!a%% be assessed i#
+ayment is not +ostmar.ed or re*ei,ed by Land%ord on or be#ore t!e tent!
day o# ea*! mont!'
ARTICLE 6 ( SEC9RIT< DEPOSIT
T!e Tenant !as de+osited it! t!e Land%ord t!e s1m o# [AMO9NT] Do%%ars
":[;]& as se*1rity #or t!e #1%% and #ait!#1% +er#orman*e by t!e Tenant o#
a%% t!e terms o# t!is %ease re41ired to be +er#ormed by t!e Tenant' S1*!
s1m s!a%% be ret1rned to t!e Tenant a#ter t!e e/+iration o# t!is %ease,
+ro,ided t!e Tenant !as #1%%y and #ait!#1%%y *arried o1t a%% o# its terms'
In t!e e,ent o# a bona #ide sa%e o# t!e +ro+erty o# !i*! t!e %eased
+remises are a +art, t!e Land%ord s!a%% !a,e t!e ri-!t to trans#er t!e
se*1rity to t!e +1r*!aser to be !e%d 1nder t!e terms o# t!is %ease, and t!e
Land%ord s!a%% be re%eased #rom a%% %iabi%ity #or t!e ret1rn o# s1*!
se*1rity to t!e Tenant'
ARTICLE 6I ( TA5ES
Se*tion %' Persona% Pro+erty Ta/es' T!e Tenant s!a%% be %iab%e #or a%%
ta/es %e,ied a-ainst any %ease!o%d interest o# t!e Tenant or +ersona%
+ro+erty and trade #i/t1res oned or +%a*ed by t!e Tenant in t!e Leased
Premises'
Se*tion 0' Rea% Estate Ta/es' D1rin- t!e *ontin1an*e o# t!is %ease
Land%ord s!a%% de%i,er to Tenant a *o+y o# any rea% estate ta/es and
assessments a-ainst t!e Leased Pro+erty' )rom and a#ter t!e Commen*ement
Date, t!e Tenant s!a%% +ay to Land%ord not %ater t!an tenty(one "08& days
a#ter t!e day on !i*! t!e same may be*ome initia%%y d1e, a%% rea% estate
ta/es and assessments a++%i*ab%e to t!e Leased Premises, to-et!er it! any
interest and +ena%ties %a#1%%y im+osed t!ereon as a res1%t o# Tenant>s
%ate +ayment t!ereo#, !i*! s!a%% be %e,ied 1+on t!e Leased Premises d1rin-
t!e term o# t!is Lease'
0
Se*tion ?' Contest o# Ta/es' T!e Tenant, at its on *ost and e/+ense,
may, i# it s!a%% in -ood #ait! so desire, *ontest by a++ro+riate
+ro*eedin-s t!e amo1nt o# any +ersona% or rea% +ro+erty ta/' T!e Tenant
may, i# it s!a%% so desire, endea,or at any time or times, by a++ro+riate
+ro*eedin-s, to obtain a red1*tion in t!e assessed ,a%1ation o# t!e Leased
Premises #or ta/ +1r+oses' In any s1*! e,ent, i# t!e Land%ord a-rees, at
t!e re41est o# t!e Tenant, to @oin it! t!e Tenant at Tenant>s e/+ense in
said +ro*eedin-s and t!e Land%ord a-rees to si-n and de%i,er s1*! +a+ers
and instr1ments as may be ne*essary to +rose*1te s1*! +ro*eedin-s, t!e
Tenant s!a%% !a,e t!e ri-!t to *ontest t!e amo1nt o# any s1*! ta/ and t!e
Tenant s!a%% !a,e t!e ri-!t to it!!o%d +ayment o# any s1*! ta/, i# t!e
stat1te 1nder !i*! t!e Tenant is *ontestin- s1*! ta/ so +ermits'
Se*tion A' Payment o# Ordinary Assessments' T!e Tenant s!a%% +ay a%%
assessments, ordinary and e/traordinary, attrib1tab%e to or a-ainst t!e
Leased Premises not %ater t!an tenty(one "08& days a#ter t!e day on !i*!
t!e same be*ame initia%%y d1e' T!e Tenant may ta.e t!e bene#it o# any %a
a%%oin- assessments to be +aid in insta%%ments and in s1*! e,ent t!e
Tenant s!a%% on%y be %iab%e #or s1*! insta%%ments o# assessments d1e d1rin-
t!e term !ereo#'
Se*tion B' C!an-es in Met!od o# Ta/ation' Land%ord and Tenant #1rt!er
a-ree t!at i# at any time d1rin- t!e term o# t!is Lease, t!e +resent met!od
o# ta/ation or assessment o# rea% estate s!a%% be *!an-ed so t!at t!e !o%e
or any +art o# t!e rea% estate ta/es, assessment or -o,ernmenta%
im+ositions no %e,ied, assessed or im+osed on t!e Leased Premises s!a%%,
in %ie1 t!ereo#, be assessed, %e,ied, or im+osed !o%%y or in +art, as a
*a+ita% %e,y or ot!erise 1+on t!e rents reser,ed !erein or any +art
t!ereo#, or as a ta/, *or+oration #ran*!ise ta/, assessment, %e,y or
*!ar-e, or any +art t!ereo#, meas1red by or based, in !o%e or in +art,
1+on t!e Leased Premises or on t!e rents deri,ed t!ere#rom and im+osed 1+on
t!e Land%ord, t!en t!e Tenant s!a%% +ay a%% s1*! ta/es, assessments,
%e,ies, im+ositions, or *!ar-es' Not!in- *ontained in t!is Lease s!a%%
re41ire t!e Tenant to +ay an estate, in!eritan*e, s1**ession, *a+ita% %e,y,
*or+orate #ran*!ise, -ross re*ei+ts, trans#er or in*ome ta/ o# t!e
Land%ord, nor s!a%% any o# t!e same be deemed rea% estate ta/es as de#ined
!erein 1n%ess t!e same be im+osed in %ie1 o# t!e rea% estate ta/es'
ARTICLE 6II ( CONSTR9CTION AND COMPLETION
Se*tion 8' Im+ro,ements by TENANT' Tenant may !a,e +re+ared +%ans and
s+e*i#i*ations #or t!e *onstr1*tion o# im+ro,ements, and, i# so, s1*! +%ans
and s+e*i#i*ations are atta*!ed !ereto as E/!ibit $C$ and in*or+orated
!erein by re#eren*e' Tenant s!a%% obtain a%% *erti#i*ates, +ermits,
%i*enses and ot!er a1t!oriDations o# -o,ernmenta% bodies or a1t!orities
?
!i*! are ne*essary to +ermit t!e *onstr1*tion o# t!e im+ro,ements on t!e
demised +remises and s!a%% .ee+ t!e same in #1%% #or*e and e##e*t at
Tenant>s *ost'
Tenant s!a%% ne-otiate, %et and s1+er,ise a%% *ontra*ts #or t!e #1rnis!in-
o# ser,i*es, %abor, and maeria%s #or t!e *onstr1*tion o# t!e im+ro,ements
on t!e demised +remises at its *ost' A%% s1*! *ontra*ts s!a%% re41ire t!e
*ontra*tin- +arty to -1arantee +er#orman*e and a%% or.mans!i+ and
materia%s insta%%ed by it #or a +eriod o# one year #o%%oin- t!e date o#
*om+%etion o# *onstr1*tion' Tenant s!a%% *a1se a%% *ontra*ts to be #1%%y
and *om+%ete%y +er#ormed in a -ood and or.man%i.e manner, a%% to t!e
e##e*t t!at t!e im+ro,ements s!a%% be #1%%y and *om+%ete%y *onstr1*ted and
insta%%ed in a**ordan*e it! -ood en-ineerin- and *onstr1*tion +ra*ti*e'
D1rin- t!e *o1rse o# *onstr1*tion, Tenant s!a%%, at its *ost, .ee+ in #1%%
#or*e and e##e*t a +o%i*y o# b1i%der>s ris. and %iabi%ity ins1ran*e in a
s1m e41a%, #rom time to time, to t!ree times t!e amo1nt e/+ended #or
*onstr1*tion o# t!e im+ro,ements' A%% ris. o# %oss or dama-e to t!e
im+ro,ements d1rin- t!e *o1rse o# *onstr1*tion s!a%% be on Tenant it! t!e
+ro*eeds #rom ins1ran*e t!ereon +ayab%e to Land%ord'
9+on *om+%etion o# *onstr1*tion, Tenant s!a%%, at its *ost, obtain an
o**1+an*y +ermit and a%% ot!er +ermits or %i*enses ne*essary #or t!e
o**1+an*y o# t!e im+ro,ements and t!e o+eration o# t!e same as set o1t
!erein and s!a%% .ee+ t!e same in #or*e'
Not!in- !erein s!a%% a%ter t!e intent o# t!e +arties t!at Tenant s!a%% be
#1%%y and *om+%ete%y res+onsib%e #or a%% as+e*ts +ertainin- to t!e
*onstr1*tion o# t!e im+ro,ements o# t!e demised +remises and #or t!e
+ayment o# a%% *osts asso*iated t!ereit!' Land%ord s!a%% be 1nder no d1ty
to in,esti-ate or ,eri#y Tenant>s *om+%ian*e it! t!e +ro,ision !erein'
Moreo,er, neit!er Tenant nor any t!ird +arty may *onstr1e t!e +ermission
-ranted Tenant !ere1nder to *reate any res+onsibi%ity on t!e +art o# t!e
Land%ord to +ay #or any im+ro,ements, a%terations or re+airs o**asioned by
t!e Tenant' T!e Tenant s!a%% .ee+ t!e +ro+erty #ree and *%ear o# a%% %iens
and, s!o1%d t!e Tenant #ai% to do so, or to !a,e any %iens remo,ed #rom t!e
+ro+erty it!in #o1rteen "8A& days o# noti#i*ation to do so by t!e Land%ord
, in addition to a%% ot!er remedies a,ai%ab%e to t!e Land%ord , t!e Tenant
s!a%% indemni#y and !o%d t!e Land%ord !arm%ess #or a%% *osts and e/+enses,
in*%1din- attorney>s #ees, o**asioned by t!e Land%ord in !a,in- said %ien
remo,ed #rom t!e +ro+ertyE and, s1*! *osts and e/+enses s!a%% be bi%%ed to
t!e Tenant mont!%y and s!a%% be +ayab%e by t!e Tenant it! t!at mont!>s
re-1%ar mont!%y renta% as additiona% reimb1rseab%e e/+enses to t!e Land%ord
by t!e Tenant'
Se*tion 0' 9ti%ities' Tenant s!a%% +ay #or a%% ater, sanitation, seer,
A
e%e*tri*ity, %i-!t, !eat, -as, +oer, #1e%, @anitoria%, and ot!er ser,i*es
in*ident to Tenant>s 1se o# t!e Leased Premises, !et!er or not t!e *ost
t!ereo# be a *!ar-e or im+osition a-ainst t!e Leased Premises'
ARTICLE 6III ( OCLIGATIONS )OR REPAIRS
Se*tion 8' LANDLORD>S Re+airs' S1b@e*t to any +ro,isions !erein to t!e
*ontrary, and e/*e+t #or maintenan*e or re+%a*ement ne*essitated as t!e
res1%t o# t!e a*t or omission o# s1b%essees, %i*ensees or *ontra*tors, t!e
Land%ord s!a%% be re41ired to re+air on%y de#e*ts, de#i*ien*ies, de,iations
or #ai%1res o# materia%s or or.mans!i+ in t!e b1i%din-' T!e Land%ord s!a%%
.ee+ t!e Leased Premises #ree o# s1*! de#e*ts, de#i*ien*ies, de,iations or
#ai%1res d1rin- t!e #irst te%,e "80& mont!s o# t!e term !ereo#'
Se*tion 0' TENANT>S Re+airs' T!e Tenant s!a%% re+air and maintain t!e
Leased Premises in -ood order and *ondition, e/*e+t #or reasonab%e ear and
tear, t!e re+airs re41ired o# Land%ord +1rs1ant !ereto, and maintenan*e or
re+%a*ement ne*essitated as t!e res1%t o# t!e a*t or omission or ne-%i-en*e
o# t!e Land%ord, its em+%oyees, a-ents, or *ontra*tors'
Se*tion ?' Re41irements o# t!e La' T!e Tenant a-rees t!at i# any
#edera%, state or m1ni*i+a% -o,ernment or any de+artment or di,ision
t!ereo# s!a%% *ondemn t!e Leased Premises or any +art t!ereo# as not in
*on#ormity it! t!e %as and re-1%ations re%atin- to t!e *onstr1*tion
t!ereo# as o# t!e *ommen*ement date it! res+e*t to *onditions %atent or
ot!erise !i*! e/isted on t!e Commen*ement Date, or, it! res+e*t to items
!i*! are t!e Land%ord>s d1ty to re+air +1rs1ant to Se*tion 8 and ? o# t!is
Arti*%eE and s1*! #edera%, state or m1ni*i+a% -o,ernment or any ot!er
de+artment or di,ision t!ereo#, !as ordered or re41ired, or s!a%% !erea#ter
order or re41ire, any a%terations or re+airs t!ereo# or insta%%ations and
re+airs as may be ne*essary to *om+%y it! s1*! %as, orders or
re41irements "t!e ,a%idity o# !i*! t!e Tenant s!a%% be entit%ed to
*ontest&E and i# by reason o# s1*! %as, orders or t!e or. done by t!e
Land%ord in *onne*tion t!ereit!, t!e Tenant is de+ri,ed o# t!e 1se o# t!e
Leased Premises, t!e rent s!a%% be abated or ad@1sted, as t!e *ase may be,
in +ro+ortion to t!at time d1rin- !i*!, and to t!at +ortion o# t!e Leased
Premises o# !i*!, t!e Tenant s!a%% s!a%% be de+ri,ed as a res1%t t!ereo#,
and t!e Land%ord s!a%% be ob%i-ated to ma.e s1*! re+airs, a%terations or
modi#i*ations at Land%ord>s e/+ense'
A%% s1*! reb1i%din-, a%terin-, insta%%in- and re+airin- s!a%% be done in
a**ordan*e it! P%ans and S+e*i#i*ations a++ro,ed by t!e Tenant, !i*!
a++ro,a% s!a%% not be 1nreasonab%y it!!e%d' I#, !oe,er, s1*!
*ondemnation, %a, order or re41irement, as in t!is Arti*%e set #ort!,
s!a%% be it! res+e*t to an item !i*! s!a%% be t!e Tenant>s ob%i-ation to
B
re+air +1rs1ant to Se*tion 0 o# t!is Arti*%e 6II or it! res+e*t to
Tenant>s on *osts and e/+enses, no abatement or ad@1stment o# rent s!a%%
be -rantedE +ro,ided, !oe,er, t!at Tenant s!a%% a%so be entit%ed to
*ontest t!e ,a%idity t!ereo#'
Se*tion A' TENANT>S A%terations' T!e Tenant s!a%% !a,e t!e ri-!t, at its
so%e e/+ense, #rom time to time, to rede*orate t!e Leased Premises and to
ma.e s1*! non(str1*t1ra% a%terations and *!an-es in s1*! +arts t!ereo# as
t!e Tenant s!a%% deem e/+edient or ne*essary #or its +1r+osesE +ro,ided,
!oe,er, t!at s1*! a%terations and *!an-es s!a%% neit!er im+air t!e
str1*t1ra% so1ndness nor diminis! t!e ,a%1e o# t!e Leased Premises' T!e
Tenant may ma.e str1*t1ra% a%terations and additions to t!e Leased Premises
+ro,ided t!at Tenant !as #irst obtained t!e *onsent t!ereto o# t!e Land%ord
in ritin-' T!e Land%ord a-rees t!at it s!a%% not it!!o%d s1*! *onsent
1nreasonab%y' T!e Land%ord s!a%% e/e*1te and de%i,er 1+on t!e re41est o#
t!e Tenant s1*! instr1ment or instr1ments embodyin- t!e a++ro,a% o# t!e
Land%ord !i*! may be re41ired by t!e +1b%i* or 41asi +1b%i* a1t!ority #or
t!e +1r+ose o# obtainin- any %i*enses or +ermits #or t!e ma.in- o# s1*!
a%terations, *!an-es and=or insta%%ations in, to or 1+on t!e Leased
Premises and t!e Tenant a-rees to +ay #or s1*! %i*enses or +ermits'
Se*tion B' Permits and E/+enses' Ea*! +arty a-rees t!at it i%% +ro*1re
a%% ne*essary +ermits #or ma.in- any re+airs, a%terations, or ot!er
im+ro,ements #or insta%%ations, !en a++%i*ab%e' Ea*! Party !ereto s!a%%
-i,e ritten noti*e to t!e ot!er +arty o# any re+airs re41ired o# t!e ot!er
+1rs1ant to t!e +ro,isions o# t!is Arti*%e and t!e +arty res+onsib%e #or
said re+airs a-rees +rom+t%y to *ommen*e s1*! re+airs and to +rose*1te t!e
same to *om+%etion di%i-ent%y, s1b@e*t, !oe,er, to t!e de%ays o**asioned
by e,ents beyond t!e *ontro% o# s1*! +arty'
Ea*! +arty a-rees to +ay +rom+t%y !en d1e t!e entire *ost o# any or. done
by it 1+on t!e Leased Premises so t!at t!e Leased Premises at a%% times
s!a%% be #ree o# %iens #or %abor and materia%s' Ea*! +arty #1rt!er a-rees
to !o%d !arm%ess and indemni#y t!e ot!er +arty #rom and a-ainst any and a%%
in@1ry, %oss, *%aims or dama-e to any +erson or +ro+erty o**asioned by or
arisin- o1t o# t!e doin- o# any s1*! or. by s1*! +arty or its em+%oyees,
a-ents or *ontra*tors' Ea*! +arty #1rt!er a-rees t!at in doin- s1*! or.
t!at it i%% em+%oy materia%s o# -ood 41a%ity and *om+%y it! a%%
-o,ernmenta% re41irements, and +er#orm s1*! or. in a -ood and or.man%i.e
manner'
ARTICLE I5 ( TENANT>S CO6ENANTS
Se*tion 8' TENANT>s Co,enants' Tenant *o,enants and a-rees as #o%%os7
2
a' To +ro*1re any %i*enses and +ermits re41ired #or any 1se made o# t!e
Leased Premises by Tenant, and 1+on t!e e/+iration or termination o# t!is
Lease, to remo,e its -oods and e##e*ts and t!ose o# a%% +ersons *%aimin-
1nder it, and to yie%d 1+ +ea*eab%y to Land%ord t!e Leased Premises in -ood
order, re+air and *ondition in a%% res+e*tsE e/*e+tin- on%y dama-e by #ire
and *as1a%ty *o,ered by Tenant>s ins1ran*e *o,era-e, str1*t1ra% re+airs
"1n%ess Tenant is ob%i-ated to ma.e s1*! re+airs !ere1nder& and reasonab%e
ear and tearE
b' To +ermit Land%ord and its a-ents to e/amine t!e Leased Premises at
reasonab%e times and to s!o t!e Leased Premises to +ros+e*ti,e +1r*!asers
o# t!e C1i%din- and to +ro,ide Land%ord, i# not a%ready a,ai%ab%e, it! a
set o# .eys #or t!e +1r+ose o# said e/amination, +ro,ided t!at Land%ord
s!a%% not t!ereby 1nreasonab%y inter#ere it! t!e *ond1*t o# Tenant>s
b1sinessE
*' To +ermit Land%ord to enter t!e Leased Premises to ins+e*t s1*!
re+airs, im+ro,ements, a%terations or additions t!ereto as may be re41ired
1nder t!e +ro,isions o# t!is Lease' I#, as a res1%t o# s1*! re+airs,
im+ro,ements, a%terations, or additions, Tenant is de+ri,ed o# t!e 1se o#
t!e Leased Premises, t!e rent s!a%% be abated or ad@1sted, as t!e *ase may
be, in +ro+ortion to t!at time d1rin- !i*!, and to t!at +ortion o# t!e
Leased Premises o# !i*!, Tenant s!a%% be de+ri,ed as a res1%t t!ereo#'
ARTICLE 5 ( INDEMNIT< C< TENANT
Se*tion %' Indemnity and P1b%i* Liabi%ity' T!e Tenant s!a%% sa,e Land%ord
!arm%ess and indemni#y Land%ord #rom a%% in@1ry, %oss, *%aims or dama-e to
any +erson or +ro+erty !i%e on t!e Leased Premises, 1n%ess *a1sed by t!e
i%%#1% a*ts or omissions or -ross ne-%i-en*e o# Land%ord, its em+%oyees,
a-ents, %i*ensees or *ontra*tors' Tenant s!a%% maintain, it! res+e*t to
t!e Leased Premises, +1b%i* %iabi%ity ins1ran*e it! %imits o# not %ess
t!an one mi%%ion do%%ars #or in@1ry or deat! #rom one a**ident and
:0B3,333'33 +ro+erty dama-e ins1ran*e, ins1rin- Land%ord and Tenant a-ainst
in@1ry to +ersons or dama-e to +ro+erty on or abo1t t!e Leased Premises' A
*o+y o# t!e +o%i*y or a *erti#i*ate o# ins1ran*e s!a%% be de%i,ered to
Land%ord on or be#ore t!e *ommen*ement date and no s1*! +o%i*y s!a%% be
*an*e%%ab%e it!o1t ten "83& days +rior ritten noti*e to Land%ord'
ARTICLE 5I ( 9SE O) PROPERT< C< TENANT
Se*tion 8' 9se' T!e Leased Premises may be o**1+ied and 1sed by Tenant
e/*%1si,e%y as a [DESCRICE], to be .non as a [DESCRICE] '
F
Not!in- !erein s!a%% -i,e Tenant t!e ri-!t to 1se t!e +ro+erty #or any
ot!er +1r+ose or to s1b%ease, assi-n, or %i*ense t!e 1se o# t!e +ro+erty to
any s1b%essee, assi-nee, or %i*ensee, !i*! or !o s!a%% 1se t!e +ro+erty
#or any ot!er 1se'
ARTICLE 5II ( SIGNAGE
Se*tion %' E/terior Si-ns' Tenant s!a%% !a,e t!e ri-!t, at its so%e ris.
and e/+ense and in *on#ormity it! a++%i*ab%e %as and ordinan*es, to ere*t
and t!erea#ter, to re+air or re+%a*e, i# it s!a%% so e%e*t si-ns on any
+ortion o# t!e Leased Premises, +ro,idin- t!at Tenant s!a%% remo,e any s1*!
si-ns 1+on termination o# t!is %ease, and re+air a%% dama-e o**asioned
t!ereby to t!e Leased Premises'
Se*tion 0' Interior Si-ns' Tenant s!a%% !a,e t!e ri-!t, at its so%e ris.
and e/+ense and in *on#ormity it! a++%i*ab%e %as and ordinan*es, to
ere*t, maintain, +%a*e and insta%% its 1s1a% and *1stomary si-ns and
#i/t1res in t!e interior o# t!e Leased Premises'
ARTICLE 5III ( INS9RANCE
Se*tion 8' Ins1ran*e Pro*eeds' In t!e e,ent o# any dama-e to or
destr1*tion o# t!e Leased Premises, Tenant s!a%% ad@1st t!e %oss and sett%e
a%% *%aims it! t!e ins1ran*e *om+anies iss1in- s1*! +o%i*ies' T!e +arties
!ereto do irre,o*ab%y assi-n t!e +ro*eeds #rom s1*! ins1ran*e +o%i*ies #or
t!e +1r+oses !ereina#ter stated to any instit1tiona% #irst mort-a-ee or to
Land%ord and Tenant @oint%y, i# no instit1tiona% #irst mort-a-ee t!en !o%ds
an interest in t!e Leased Premises' A%% +ro*eeds o# said ins1ran*e s!a%% be
+aid into a tr1st #1nd 1nder t!e *ontro% o# any instit1tiona% #irst
mort-a-ee, or o# Land%ord and Tenant i# no instit1tiona% #irst mort-a-ee
t!en !o%ds an interest in t!e Leased Premises, #or re+air, restoration,
reb1i%din- or re+%a*ement, or any *ombination t!ereo#, o# t!e Leased
Premises or o# t!e im+ro,ements in t!e Leased Premises' In *ase o# s1*!
dama-e or destr1*tion, Land%ord s!a%% be entit%ed to ma.e it!draa%s #rom
s1*! tr1st #1nd, #rom time to time, 1+on +resentation o#7
a' bi%%s #or %abor and materia%s e/+ended in re+air, restoration,
reb1i%din- or re+%a*ement, or any *ombination t!ereo#E
b' Land%ord>s sorn statement t!at s1*! %abor and materia%s #or !i*!
+ayment is bein- made !a,e been #1rnis!ed or de%i,ered on siteE and
*' t!e *erti#i*ate o# a s1+er,isin- ar*!ite*t "se%e*ted by Land%ord and
Tenant and a++ro,ed by an instit1tiona% #irst mort-a-ee, i# any, !ose #ees
G
i%% be +aid o1t o# said ins1ran*e +ro*eeds& *erti#yin- t!at t!e or. bein-
+aid #or !as been *om+%eted in a**ordan*e it! t!e P%ans and S+e*i#i*ations
+re,io1s%y a++ro,ed by Land%ord , Tenant and any instit1tiona% #irst
mort-a-ee in a #irst *%ass, -ood and or.man%i.e manner and in a**ordan*e
it! a%% +ertinent -o,ernmenta% re41irements'
Any ins1ran*e +ro*eeds in e/*ess o# s1*! +ro*eeds as s!a%% be ne*essary #or
s1*! re+air, restoration, reb1i%din-, re+%a*ement or any *ombination
t!ereo# s!a%% be t!e so%e +ro+erty o# Land%ord s1b@e*t to any ri-!ts
t!erein o# Land%ord>s mort-a-ee, and i# t!e +ro*eeds ne*essary #or s1*!
re+air, restoration, reb1i%din- or re+%a*ement, or any *ombination t!ereo#
s!a%% be inade41ate to +ay t!e *ost t!ereo#, Tenant s!a%% s1##er t!e
de#i*ien*y'
Se*tion 0' S1bro-ation' Land%ord and Tenant !ereby re%ease ea*! ot!er, to
t!e e/tent o# t!e ins1ran*e *o,era-e +ro,ided !ere1nder, #rom any and a%%
%iabi%ity or res+onsibi%ity "to t!e ot!er or anyone *%aimin- t!ro1-! or
1nder t!e ot!er by ay o# s1bro-ation or ot!erise& #or any %oss to or
dama-e o# +ro+erty *o,ered by t!e #ire and e/tended *o,era-e ins1ran*e
+o%i*ies ins1rin- t!e Leased Premises and any o# Tenant>s +ro+erty, e,en i#
s1*! %oss or dama-e s!a%% !a,e been *a1sed by t!e #a1%t or ne-%i-en*e o#
t!e ot!er +arty'
Se*tion ?' Contrib1tion' Tenant s!a%% reimb1rse Land%ord #or a%% ins1ran*e
+remi1ms *onne*ted it! or a++%i*ab%e to t!e Leased Premises #or !ate,er
ins1ran*e +o%i*y t!e Land%ord , at its so%e and e/*%1si,e o+tion, s!o1%d
se%e*t'
ARTICLE 5I6 ( DAMAGE TO DEMISED PREMISES
Se*tion 8' Abatement or Ad@1stment o# Rent' I# t!e !o%e or any +art o#
t!e Leased Premises s!a%% be dama-ed or destroyed by #ire or ot!er *as1a%ty
a#ter t!e e/e*1tion o# t!is Lease and be#ore t!e termination !ereo#, t!en
in e,ery *ase t!e rent reser,ed in Arti*%e I6 !erein and ot!er *!ar-es, i#
any, s!a%% be abated or ad@1sted, as t!e *ase may be, in +ro+ortion to t!at
+ortion o# t!e Leased Premises o# !i*! Tenant s!a%% be de+ri,ed on a**o1nt
o# s1*! dama-e or destr1*tion and t!e or. o# re+air, restoration,
reb1i%din-, or re+%a*ement or any *ombination t!ereo#, o# t!e im+ro,ements
so dama-ed or destroyed, s!a%% in no ay be *onstr1ed by any +erson to
e##e*t any red1*tion o# s1ms or +ro*eeds +ayab%e 1nder any rent ins1ran*e
+o%i*y'
Se*tion 0' Re+airs and Restoration' Land%ord a-rees t!at in t!e e,ent o#
t!e dama-e or destr1*tion o# t!e Leased Premises, Land%ord #ort!it! s!a%%
+ro*eed to re+air, restore, re+%a*e or reb1i%d t!e Leased Premises
H
"e/*%1din- Tenant>s %ease!o%d im+ro,ements&, to s1bstantia%%y t!e *ondition
in !i*! t!e same ere immediate%y +rior to s1*! dama-e or destr1*tion' T!e
Land%ord t!erea#ter s!a%% di%i-ent%y +rose*1te said or. to *om+%etion
it!o1t de%ay or interr1+tion e/*e+t #or e,ents beyond t!e reasonab%e
*ontro% o# Land%ord ' Notit!standin- t!e #ore-oin-, i# Land%ord does not
eit!er obtain a b1i%din- +ermit it!in ninety "H3& days o# t!e date o# s1*!
dama-e or destr1*tion, or *om+%ete s1*! re+airs, reb1i%din- or restoration
and *om+%y it! *onditions "a&, "b& and "*& in Se*tion 8 o# Arti*%e 5III
it!in nine "H& mont!s o# s1*! dama-e or destr1*tion, t!en Tenant may at
any time t!erea#ter *an*e% and terminate t!is Lease by sendin- ninety "H3&
days ritten noti*e t!ereo# to Land%ord , or, in t!e a%ternati,e, Tenant
may, d1rin- said ninety "H3& day +eriod, a++%y #or t!e same and Land%ord
s!a%% *oo+erate it! Tenant in Tenant>s a++%i*ation' Notit!standin- t!e
#ore-oin-, i# s1*! dama-e or destr1*tion s!a%% o**1r d1rin- t!e %ast year
o# t!e term o# t!is Lease, or d1rin- any renea% term, and s!a%% amo1nt to
tenty(#i,e "0BI& +er*ent or more o# t!e re+%a*ement *ost, "e/*%1si,e o#
t!e %and and #o1ndations&, t!is Lease, e/*e+t as !ereina#ter +ro,ided in
Se*tion ? o# Arti*%e 56, may be terminated at t!e e%e*tion o# eit!er
Land%ord or Tenant, +ro,ided t!at noti*e o# s1*! e%e*tion s!a%% be sent by
t!e +arty so e%e*tin- to t!e ot!er it!in t!irty "?3& days a#ter t!e
o**1rren*e o# s1*! dama-e or destr1*tion' 9+on termination, as a#oresaid,
by eit!er +arty !ereto, t!is Lease and t!e term t!ereo# s!a%% *ease and
*ome to an end, any 1nearned rent or ot!er *!ar-es +aid in ad,an*e by
Tenant s!a%% be re#1nded to Tenant, and t!e +arties s!a%% be re%eased
!ere1nder, ea*! to t!e ot!er, #rom a%% %iabi%ity and ob%i-ations !ere1nder
t!erea#ter arisin-'
ARTICLE 56 ( CONDEMNATION
Se*tion 8' Tota% Ta.in-' I#, a#ter t!e e/e*1tion o# t!is Lease and +rior
to t!e e/+iration o# t!e term !ereo#, t!e !o%e o# t!e Leased Premises
s!a%% be ta.en 1nder +oer o# eminent domain by any +1b%i* or +ri,ate
a1t!ority, or *on,eyed by Land%ord to said a1t!ority in %ie1 o# s1*!
ta.in-, t!en t!is Lease and t!e term !ereo# s!a%% *ease and terminate as o#
t!e date !en +ossession o# t!e Leased Premises s!a%% be ta.en by t!e
ta.in- a1t!ority and any 1nearned rent or ot!er *!ar-es, i# any, +aid in
ad,an*e, s!a%% be re#1nded to Tenant'
Se*tion 0' Partia% Ta.in-' I#, a#ter t!e e/e*1tion o# t!is Lease and
+rior to t!e e/+iration o# t!e term !ereo#, any +1b%i* or +ri,ate a1t!ority
s!a%%, 1nder t!e +oer o# eminent domain, ta.e, or Land%ord s!a%% *on,ey to
said a1t!ority in %ie1 o# s1*! ta.in-, +ro+erty !i*! res1%ts in a
red1*tion by #i#teen "8BI& +er*ent or more o# t!e area in t!e Leased
Premises, or o# a +ortion o# t!e Leased Premises t!at s1bstantia%%y
interr1+ts or s1bstantia%%y obstr1*ts t!e *ond1*tin- o# b1siness on t!e
83
Leased PremisesE t!en Tenant may, at its e%e*tion, terminate t!is Lease by
-i,in- Land%ord noti*e o# t!e e/er*ise o# Tenant>s e%e*tion it!in t!irty
"?3& days a#ter Tenant s!a%% re*ei,e noti*e o# s1*! ta.in-' In t!e e,ent o#
termination by Tenant 1nder t!e +ro,isions o# Se*tion 8 o# t!is Arti*%e 56,
t!is Lease and t!e term !ereo# s!a%% *ease and terminate as o# t!e date
!en +ossession s!a%% be ta.en by t!e a++ro+riate a1t!ority o# t!at +ortion
o# t!e Entire Pro+erty t!at res1%ts in one o# t!e abo,e ta.in-s, and any
1nearned rent or ot!er *!ar-es, i# any, +aid in ad,an*e by Tenant s!a%% be
re#1nded to Tenant'
Se*tion ?' Restoration' In t!e e,ent o# a ta.in- in res+e*t o# !i*!
Tenant s!a%% not !a,e t!e ri-!t to e%e*t to terminate t!is Lease or, !a,in-
s1*! ri-!t, s!a%% not e%e*t to terminate t!is Lease, t!is Lease and t!e
term t!ereo# s!a%% *ontin1e in #1%% #or*e and e##e*t and Land%ord , at
Land%ord>s so%e *ost and e/+ense, #ort!it! s!a%% restore t!e remainin-
+ortions o# t!e Leased Premises, in*%1din- any and a%% im+ro,ements made
t!ereto#ore to an ar*!ite*t1ra% !o%e in s1bstantia%%y t!e same *ondition
t!at t!e same ere in +rior to s1*! ta.in-' A @1st +ro+ortion o# t!e rent
reser,ed !erein and any ot!er *!ar-es +ayab%e by Tenant !ere1nder,
a**ordin- to t!e nat1re and e/tent o# t!e in@1ry to t!e Leased Premises and
to Tenant>s b1siness, s!a%% be s1s+ended or abated 1nti% t!e *om+%etion o#
s1*! restoration and t!erea#ter t!e rent and any ot!er *!ar-es s!a%% be
red1*ed in +ro+ortion to t!e s41are #oota-e o# t!e Leased Premises
remainin- a#ter s1*! ta.in-'
Se*tion A' T!e Aard' A%% *om+ensation aarded #or any ta.in-, !et!er
#or t!e !o%e or a +ortion o# t!e Leased Premises, s!a%% be t!e so%e
+ro+erty o# t!e Land%ord !et!er s1*! *om+ensation s!a%% be aarded #or
dimin1tion in t!e ,a%1e o#, or %oss o#, t!e %ease!o%d or #or dimin1tion in
t!e ,a%1e o#, or %oss o#, t!e #ee in t!e Leased Premises, or ot!erise'
T!e Tenant !ereby assi-ns to Land%ord a%% o# Tenant>s ri-!t and tit%e to
and interest in any and a%% s1*! *om+ensation' Hoe,er, t!e Land%ord s!a%%
not be entit%ed to and Tenant s!a%% !a,e t!e so%e ri-!t to ma.e its
inde+endent *%aim #or and retain any +ortion o# any aard made by t!e
a++ro+riatin- a1t!ority dire*t%y to Tenant #or %oss o# b1siness, or dama-e
to or de+re*iation o#, and *ost o# remo,a% o# #i/t1res, +ersona%ty and
im+ro,ements insta%%ed in t!e Leased Premises by, or at t!e e/+ense o#
Tenant, and to any ot!er aard made by t!e a++ro+riatin- a1t!ority dire*t%y
to Tenant'
Se*tion B' Re%ease' In t!e e,ent o# any termination o# t!is Lease as t!e
res1%t o# t!e +ro,isions o# t!is Arti*%e 56, t!e +arties, e##e*ti,e as o#
s1*! termination, s!a%% be re%eased, ea*! to t!e ot!er, #rom a%% %iabi%ity
and ob%i-ations t!erea#ter arisin- 1nder t!is %ease'
88
ARTICLE 56I ( DE)A9LT
Se*tion 8' LANDLORD>S Remedies' In t!e e,ent t!at7
a' Tenant s!a%% on t!ree or more o**asions be in de#a1%t in t!e +ayment o#
rent or ot!er *!ar-es !erein re41ired to be +aid by Tenant "de#a1%t !erein
bein- de#ined as +ayment re*ei,ed by Land%ord ten or more days s1bse41ent
to t!e d1e date&, re-ard%ess o# !et!er or not s1*! de#a1%t !as o**1rred on
*onse*1ti,e or non(*onse*1ti,e mont!sE or
b' Tenant !as *a1sed a %ien to be #i%ed a-ainst t!e Land%ord>s +ro+erty
and said %ien is not remo,ed it!in t!irty "?3& days o# re*ordation
t!ereo#E or
*' Tenant s!a%% de#a1%t in t!e obser,an*e or +er#orman*e o# any o# t!e
*o,enants and a-reements re41ired to be +er#ormed and obser,ed by Tenant
!ere1nder #or a +eriod o# t!irty "?3& days a#ter noti*e to Tenant in
ritin- o# s1*! de#a1%t "or i# s1*! de#a1%t s!a%% reasonab%y ta.e more t!an
t!irty "?3& days to *1re, Tenant s!a%% not !a,e *ommen*ed t!e same it!in
t!e t!irty "?3& days and di%i-ent%y +rose*1ted t!e same to *om+%etion&E or
d' Si/ty "23& days !a,e e%a+sed a#ter t!e *ommen*ement o# any +ro*eedin-
by or a-ainst Tenant, !et!er by t!e #i%in- o# a +etition or ot!erise,
see.in- any reor-aniDation, arran-ement, *om+osition, read@1stment,
%i41idation, disso%1tion or simi%ar re%ie# 1nder t!e +resent or #1t1re
)edera% Can.r1+t*y A*t or any ot!er +resent or #1t1re a++%i*ab%e #edera%,
state or ot!er stat1te or %a, !ereby s1*! +ro*eedin- s!a%% not !a,e been
dismissed "+ro,ided, !oe,er, t!at t!e non(dismissa% o# any s1*! +ro*eedin-
s!a%% not be a de#a1%t !ere1nder so %on- as a%% o# Tenant>s *o,enants and
ob%i-ations !ere1nder are bein- +er#ormed by or on be!a%# o# Tenant&E t!en
Land%ord s!a%% be entit%ed to its e%e*tion "1n%ess Tenant s!a%% *1re s1*!
de#a1%t +rior to s1*! e%e*tion&, to e/er*ise *on*1rrent%y or s1**essi,e%y,
any one or more o# t!e #o%%oin- ri-!ts7
I' Terminate t!is Lease by -i,in- Tenant noti*e o# termination, in !i*!
e,ent t!is Lease s!a%% e/+ire and terminate on t!e date s+e*i#ied in s1*!
noti*e o# termination, it! t!e same #or*e and e##e*t as t!o1-! t!e date so
s+e*i#ied ere t!e date !erein ori-ina%%y #i/ed as t!e termination date o#
t!e term o# t!is Lease, and a%% ri-!ts o# Tenant 1nder t!is Lease and in
and to t!e Premises s!a%% e/+ire and terminate, and Tenant s!a%% remain
%iab%e #or a%% ob%i-ations 1nder t!is Lease arisin- 1+ to t!e date o# s1*!
termination, and Tenant s!a%% s1rrender t!e Premises to Land%ord on t!e
date s+e*i#ied in s1*! noti*eE or
ii' Terminate t!is Lease as +ro,ided !erein and re*o,er #rom Tenant a%%
dama-es Land%ord may in*1r by reason o# Tenant>s de#a1%t, in*%1din-,
80
it!o1t %imitation, a s1m !i*!, at t!e date o# s1*! termination,
re+resents t!e t!en ,a%1e o# t!e e/*ess, i# any, o# "a& t!e Minim1m Rent,
Per*enta-e Rent, Ta/es and a%% ot!er s1ms !i*! o1%d !a,e been +ayab%e
!ere1nder by Tenant #or t!e +eriod *ommen*in- it! t!e day #o%%oin- t!e
date o# s1*! termination and endin- it! t!e date !erein be#ore set #or t!e
e/+iration o# t!e #1%% term !ereby -ranted, o,er "b& t!e a--re-ate
reasonab%e renta% ,a%1e o# t!e Premises #or t!e same +eriod, a%% o# !i*!
e/*ess s1m s!a%% be deemed immediate%y d1e and +ayab%eE or
iii' Jit!o1t terminatin- t!is Lease, de*%are immediate%y d1e and +ayab%e
a%% Minim1m Rent, Ta/es, and ot!er rents and amo1nts d1e and *omin- d1e
1nder t!is Lease #or t!e entire remainin- term !ereo#, to-et!er it! a%%
ot!er amo1nts +re,io1s%y d1e, at on*eE +ro,ided, !oe,er, t!at s1*! +ayment
s!a%% not be deemed a +ena%ty or %i41idated dama-es b1t s!a%% mere%y
*onstit1te +ayment in ad,an*e o# rent #or t!e remainder o# said term' 9+on
ma.in- s1*! +ayment, Tenant s!a%% be entit%ed to re*ei,e #rom Land%ord a%%
rents re*ei,ed by Land%ord #rom ot!er assi-nees, tenants, and s1btenants on
a**o1nt o# said Premises d1rin- t!e term o# t!is Lease, +ro,ided t!at t!e
monies to !i*! tenant s!a%% so be*ome entit%ed s!a%% in no e,ent e/*eed
t!e entire amo1nt a*t1a%%y +aid by Tenant to Land%ord +1rs1ant to t!e
+re*edin- senten*e %ess a%% *osts, e/+enses and attorney>s #ees o# Land%ord
in*1rred in *onne*tion it! t!e re%ettin- o# t!e PremisesE or
i,' Jit!o1t terminatin- t!is Lease, and it! or it!o1t noti*e to Tenant,
Land%ord may in its on name b1t as a-ent #or Tenant enter into and 1+on
and ta.e +ossession o# t!e Premises or any +art t!ereo#, and, at %and%ord>s
o+tion, remo,e +ersons and +ro+erty t!ere#rom, and s1*! +ro+erty, i# any,
may be remo,ed and stored in a are!o1se or e%se!ere at t!e *ost o#, and
#or t!e a**o1nt o# Tenant, a%% it!o1t bein- deemed -1i%ty o# tres+ass or
be*omin- %iab%e #or any %oss or dama-e !i*! may be o**asioned t!ereby, and
Land%ord may rent t!e Premises or any +ortion t!ereo# as t!e a-ent o#
Tenant it! or it!o1t ad,ertisement, and by +ri,ate ne-otiations and #or
any term 1+on s1*! terms and *onditions as Land%ord may deem ne*essary or
desirab%e in order to re%et t!e Premises' Land%ord s!a%% in no ay be
res+onsib%e or %iab%e #or any renta% *on*essions or any #ai%1re to rent t!e
Premises or any +art t!ereo#, or #or any #ai%1re to *o%%e*t any rent d1e
1+on s1*! re%ettin-' 9+on s1*! re%ettin-, a%% renta%s re*ei,ed by Land%ord
#rom s1*! re%ettin- s!a%% be a++%ied7 #irst, to t!e +ayment o# any
indebtedness "ot!er t!an any rent d1e !ere1nder& #rom Tenant to Land%ordE
se*ond, to t!e +ayment o# any *osts and e/+enses o# s1*! re%ettin-,
in*%1din-, it!o1t %imitation, bro.era-e #ees and attorney>s #ees and *osts
o# a%terations and re+airsE t!ird, to t!e +ayment o# rent and ot!er *!ar-es
t!en d1e and 1n+aid !ere1nderE and t!e resid1e, i# any s!a%% be !e%d by
Land%ord to t!e e/tent o# and #or a++%i*ation in +ayment o# #1t1re rent as
t!e same may be*ome d1e and +ayab%e !ere1nder' In re%ettin- t!e Premises as
a#oresaid, Land%ord may -rant rent *on*essions and Tenant s!a%% not be
8?
*redited t!ere#or' I# s1*! renta%s re*ei,ed #rom s1*! re%ettin- s!a%% at
any time or #rom time to time be %ess t!an s1##i*ient to +ay to Land%ord
t!e entire s1ms t!en d1e #rom Tenant !ere1nder, Tenant s!a%% +ay any s1*!
de#i*ien*y to Land%ord' S1*! de#i*ien*y s!a%%, at Land%ord>s o+tion, be
*a%*1%ated and +aid mont!%y' No s1*! re%ettin- s!a%% be *onstr1ed as an
e%e*tion by Land%ord to terminate t!is Lease 1n%ess a ritten noti*e o#
s1*! e%e*tion !as been -i,en to Tenant by Land%ord' Notit!standin- any
s1*! re%ettin- it!o1t termination, Land%ord may at any time t!erea#ter
e%e*t to terminate t!is Lease #or any s1*! +re,io1s de#a1%t +ro,ided same
!as not been *1redE or
,' Jit!o1t %iabi%ity to Tenant or any ot!er +arty and it!o1t *onstit1tin-
a *onstr1*ti,e or a*t1a% e,i*tion, s1s+end or dis*ontin1e #1rnis!in- or
renderin- to Tenant any +ro+erty, materia%, %abor, 9ti%ities or ot!er
ser,i*e, !et!er Land%ord is ob%i-ated to #1rnis! or render t!e same, so
%on- as Tenant is in de#a1%t 1nder t!is LeaseE or
,i' A%%o t!e Premises to remain 1no**1+ied and *o%%e*t rent #rom Tenant
as it *omes d1eE or
,ii' )ore*%ose t!e se*1rity interest des*ribed !erein, in*%1din- t!e
immediate ta.in- o# +ossession o# a%% +ro+erty on or in t!e PremisesE or
,iii' P1rs1e s1*! ot!er remedies as are a,ai%ab%e at %a or e41ity'
e' Land%ord>s +1rs1it o# any remedy o# remedies, in*%1din- it!o1t
%imitation, any one or more o# t!e remedies stated !erein s!a%% not "8&
*onstit1te an e%e*tion o# remedies or +re*%1de +1rs1it o# any ot!er remedy
or remedies +ro,ided in t!is Lease or any ot!er remedy or remedies +ro,ided
by %a or in e41ity, se+arate%y or *on*1rrent%y or in any *ombination, or
"0& se,er as t!e basis #or any *%aim o# *onstr1*ti,e e,i*tion, or a%%o
Tenant to it!!o%d any +ayments 1nder t!is Lease'
Se*tion 0' LANDLORD>S Se%# He%+' I# in t!e +er#orman*e or obser,an*e o#
any a-reement or *ondition in t!is Lease *ontained on its +art to be
+er#ormed or obser,ed and s!a%% not *1re s1*! de#a1%t it!in t!irty "?3&
days a#ter noti*e #rom Land%ord s+e*i#yin- t!e de#a1%t "or i# s1*! de#a1%t
s!a%% reasonab%y ta.e more t!an t!irty "?3& days to *1re, s!a%% di%i-ent%y
+rose*1ted t!e same to *om+%etion&, Land%ord may, at its o+tion, it!o1t
ai,in- any *%aim #or dama-es #or brea*! o# a-reement, at any time
t!erea#ter *1re s1*! de#a1%t #or t!e a**o1nt o# Tenant, and any amo1nt +aid
or *ontra*t1a% %iabi%ity in*1rred by Land%ord in so doin- s!a%% be deemed
+aid or in*1rred #or t!e a**o1nt o# Tenant and Tenant a-rees to reimb1rse
Land%ord t!ere#or and sa,e Land%ord !arm%ess t!ere#rom' Pro,ided, !oe,er,
t!at Land%ord may *1re any s1*! de#a1%t as a#oresaid +rior to t!e
e/+iration o# said aitin- +eriod, it!o1t noti*e to Tenant i# any
8A
emer-en*y sit1ation e/ists, or a#ter noti*e to Tenant, i# t!e *1rin- o#
s1*! de#a1%t +rior to t!e e/+iration o# said aitin- +eriod is reasonab%y
ne*essary to +rote*t t!e Leased Premises or Land%ord>s interest t!erein, or
to +re,ent in@1ry or dama-e to +ersons or +ro+erty' I# Tenant s!a%% #ai% to
reimb1rse Land%ord 1+on demand #or any amo1nt +aid #or t!e a**o1nt o#
Tenant !ere1nder, said amo1nt s!a%% be added to and be*ome d1e as a +art o#
t!e ne/t +ayment o# rent d1e and s!a%% #or a%% +1r+oses be deemed and
treated as rent !ere1nder'
Se*tion ?' TENANT>S Se%# He%+' I# Land%ord s!a%% de#a1%t in t!e
+er#orman*e or obser,an*e o# any a-reement or *ondition in t!is Lease
*ontained on its +art to be +er#ormed or obser,ed, and i# Land%ord s!a%%
not *1re s1*! de#a1%t it!in t!irty "?3& days a#ter noti*e #rom Tenant
s+e*i#yin- t!e de#a1%t "or, i# s1*! de#a1%t s!a%% reasonab%y ta.e more t!an
t!irty "?3& days to *1re, and Land%ord s!a%% not !a,e *ommen*ed t!e same
it!in t!e t!irty "?3& days and di%i-ent%y +rose*1ted t!e same to
*om+%etion&, Tenant may, at its o+tion, it!o1t ai,in- any *%aim #or
dama-es #or brea*! o# a-reement, at any time t!erea#ter *1re s1*! de#a1%t
#or t!e a**o1nt o# Land%ord and any amo1nt +aid or any *ontra*t1a%
%iabi%ity in*1rred by Tenant in so doin- s!a%% be deemed +aid or in*1rred
#or t!e a**o1nt o# Land%ord and Land%ord s!a%% reimb1rse Tenant t!ere#or
and sa,e Tenant !arm%ess t!ere#rom' Pro,ided, !oe,er, t!at Tenant may *1re
any s1*! de#a1%t as a#oresaid +rior to t!e e/+iration o# said aitin-
+eriod, it!o1t noti*e to Land%ord i# an emer-en*y sit1ation e/ists, or
a#ter noti*e to Land%ord , i# t!e *1rin- o# s1*! de#a1%t +rior to t!e
e/+iration o# said aitin- +eriod is reasonab%y ne*essary to +rote*t t!e
Leased Premises or Tenant>s interest t!erein or to +re,ent in@1ry or dama-e
to +ersons or +ro+erty' I# Land%ord s!a%% #ai% to reimb1rse Tenant 1+on
demand #or any amo1nt +aid or %iabi%ity in*1rred #or t!e a**o1nt o#
Land%ord !ere1nder, said amo1nt or %iabi%ity may be ded1*ted by Tenant #rom
t!e ne/t or any s1**eedin- +ayments o# rent d1e !ere1nderE +ro,ided,
!oe,er, t!at s!o1%d said amo1nt or t!e %iabi%ity t!ere#or be dis+1ted by
Land%ord, Land%ord may *ontest its %iabi%ity or t!e amo1nt t!ereo#, t!ro1-!
arbitration or t!ro1-! a de*%aratory @1d-ment a*tion and Land%ord s!a%%
bear t!e *ost o# t!e #i%in- #ees t!ere#or'
ARTICLE 56II ( TITLE
Se*tion %' S1bordination' Tenant s!a%%, 1+on t!e re41est o# Land%ord in
ritin-, s1bordinate t!is Lease to t!e %ien o# any +resent or #1t1re
instit1tiona% mort-a-e 1+on t!e Leased Premises irres+e*ti,e o# t!e time o#
e/e*1tion or t!e time o# re*ordin- o# any s1*! mort-a-e' Pro,ided, !oe,er,
t!at as a *ondition to s1*! s1bordination, t!e !o%der o# any s1*! mort-a-e
s!a%% enter #irst into a ritten a-reement it! Tenant in #orm s1itab%e #or
re*ordin- to t!e e##e*t t!at7
8B
a' in t!e e,ent o# #ore*%os1re or ot!er a*tion ta.en 1nder t!e mort-a-e by
t!e !o%der t!ereo#, t!is Lease and t!e ri-!ts o# Tenant !ere1nder s!a%% not
be dist1rbed b1t s!a%% *ontin1e in #1%% #or*e and e##e*t so %on- as Tenant
s!a%% not be in de#a1%t !ere1nder, and
b' s1*! !o%der s!a%% +ermit ins1ran*e +ro*eeds and *ondemnation +ro*eeds
to be 1sed #or any restoration and re+air re41ired by t!e +ro,isions o#
Arti*%es 5III, 5I6 or 56, res+e*ti,e%y' Tenant a-rees t!at i# t!e
mort-a-ee or any +erson *%aimin- 1nder t!e mort-a-ee s!a%% s1**eed to t!e
interest o# Land%ord in t!is Lease, Tenant i%% re*o-niDe said mort-a-ee or
+erson as its Land%ord 1nder t!e terms o# t!is Lease, +ro,ided t!at said
mort-a-ee or +erson #or t!e +eriod d1rin- !i*! said mort-a-ee or +erson
res+e*ti,e%y s!a%% be in +ossession o# t!e Leased Premises and t!erea#ter
t!eir res+e*ti,e s1**essors in interest s!a%% ass1me a%% o# t!e ob%i-ations
o# Land%ord !ere1nder' T!e ord $mort-a-e$, as 1sed !erein in*%1des
mort-a-es, deeds o# tr1st or ot!er simi%ar instr1ments, and modi#i*ations,
and e/tensions t!ereo#' T!e term $instit1tiona% mort-a-e$ as 1sed in t!is
Arti*%e 56II means a mort-a-e se*1rin- a %oan #rom a ban. "*ommer*ia% or
sa,in-s& or tr1st *om+any, ins1ran*e *om+any or +ension tr1st or any ot!er
%ender instit1tiona% in nat1re and *onstit1tin- a %ien 1+on t!e Leased
Premises'
Se*tion 0' K1iet En@oyment' Land%ord *o,enants and a-rees t!at 1+on
Tenant +ayin- t!e rent and obser,in- and +er#ormin- a%% o# t!e terms,
*o,enants and *onditions on Tenant>s +art to be obser,ed and +er#ormed
!ere1nder, t!at Tenant may +ea*eab%y and 41iet%y !a,e, !o%d, o**1+y and
en@oy t!e Leased Premises in a**ordan*e it! t!e terms o# t!is Lease
it!o1t !indran*e or mo%estation #rom Land%ord or any +ersons %a#1%%y
*%aimin- t!ro1-! Land%ord '
Se*tion ?' Lonin- and Good Tit%e' Land%ord arrants and re+resents, 1+on
!i*! arranty and re+resentation Tenant !as re%ied in t!e e/e*1tion o#
t!is Lease, t!at Land%ord is t!e oner o# t!e Leased Premises, in #ee
sim+%e abso%1te, #ree and *%ear o# a%% en*1mbran*es, e/*e+t #or t!e
easements, *o,enants and restri*tions o# re*ord as o# t!e date o# t!is
Lease' S1*! e/*e+tions s!a%% not im+ede or inter#ere it! t!e 41iet 1se and
en@oyment o# t!e Leased Premises by Tenant' Land%ord #1rt!er arrants and
*o,enants t!at t!is Lease is and s!a%% be a #irst %ien on t!e Leased
Premises, s1b@e*t on%y to any Mort-a-e to !i*! t!is Lease is s1bordinate
or may be*ome s1bordinate +1rs1ant to an a-reement e/e*1ted by Tenant, and
to s1*! en*1mbran*es as s!a%% be *a1sed by t!e a*ts or omissions o# TenantE
t!at Land%ord !as #1%% ri-!t and %a#1% a1t!ority to e/e*1te t!is Lease #or
t!e term, in t!e manner, and 1+on t!e *onditions and +ro,isions !erein
*ontainedE t!at t!ere is no %e-a% im+ediment to t!e 1se o# t!e Leased
Premises as set o1t !ereinE t!at t!e Leased Premises are not s1b@e*t to any
82
easements, restri*tions, Donin- ordinan*es or simi%ar -o,ernmenta%
re-1%ations !i*! +re,ent t!eir 1se as set o1t !ereinE t!at t!e Leased
Premises +resent%y are Doned #or t!e 1se *ontem+%ated !erein and t!ro1-!o1t
t!e term o# t!is %ease may *ontin1e to be so 1sed t!ere#or by ,irt1e o#
said Donin-, 1nder t!e do*trine o# $non(*on#ormin- 1se$, or ,a%id and
bindin- de*ision o# a++ro+riate a1t!ority, e/*e+t, !oe,er, t!at said
re+resentation and arranty by Land%ord s!a%% not be a++%i*ab%e in t!e
e,ent t!at Tenant>s a*t or omission s!a%% in,a%idate t!e a++%i*ation o#
said Donin-, t!e do*trine o# $non(*on#ormin- 1se$ or t!e ,a%id and bindin-
de*ision o# t!e a++ro+riate a1t!ority' Land%ord s!a%% #1rnis! it!o1t
e/+ense to Tenant, it!in t!irty "?3& days a#ter ritten re41est t!ere#or
by Tenant, a tit%e re+ort *o,erin- t!e Leased Premises s!oin- t!e
*ondition o# tit%e as o# t!e date o# s1*! *erti#i*ate, +ro,ided, !oe,er,
t!at Land%ord>s ob%i-ation !ere1nder s!a%% be %imited to t!e #1rnis!in- o#
on%y one s1*! tit%e re+ort'
Se*tion A' Li*enses' It s!a%% be t!e Tenant>s res+onsibi%ity to obtain
any and a%% ne*essary %i*enses and t!e Land%ord s!a%% bear no
res+onsibi%ity t!ere#orE t!e Tenant s!a%% +rom+t%y noti#y Land%ord o# t!e
#a*t t!at it !as obtained t!e ne*essary %i*enses in order to +re,ent any
de%ay to Land%ord in *ommen*in- *onstr1*tion o# t!e Leased Premises'
ARTICLE 56III ( E5TENSIONS=JAI6ERS=DISP9TES
Se*tion %' E/tension Period' Any e/tension !ereo# s!a%% be s1b@e*t to t!e
+ro,isions o# Arti*%e III !ereo#'
Se*tion 0' Ho%din- O,er' In t!e e,ent t!at Tenant or anyone *%aimin-
1nder Tenant s!a%% *ontin1e o**1+an*y o# t!e Leased Premises a#ter t!e
e/+iration o# t!e term o# t!is Lease or any renea% or e/tension t!ereo#
it!o1t any a-reement in ritin- beteen Land%ord and Tenant it! res+e*t
t!ereto, s1*! o**1+an*y s!a%% not be deemed to e/tend or rene t!e term o#
t!e Lease, b1t s1*! o**1+an*y s!a%% *ontin1e as a tenan*y at i%%, #rom
mont! to mont!, 1+on t!e *o,enants, +ro,isions and *onditions !erein
*ontained' T!e renta% s!a%% be t!e renta% in e##e*t d1rin- t!e term o# t!is
Lease as e/tended or reneed, +rorated and +ayab%e #or t!e +eriod o# s1*!
o**1+an*y'
Se*tion ?' Jai,ers' )ai%1re o# eit!er +arty to *om+%ain o# any a*t or
omission on t!e +art o# t!e ot!er +arty, no matter !o %on- t!e same may
*ontin1e, s!a%% not be deemed to be a ai,er by said +arty o# any o# its
ri-!ts !ere1nder' No ai,er by eit!er +arty at any time, e/+ress or
im+%ied, o# any brea*! o# any +ro,ision o# t!is Lease s!a%% be deemed a
ai,er o# a brea*! o# any ot!er +ro,ision o# t!is Lease or a *onsent to any
s1bse41ent brea*! o# t!e same or any ot!er +ro,ision' I# any a*tion by
8F
eit!er +arty s!a%% re41ire t!e *onsent or a++ro,a% o# t!e ot!er +arty, t!e
ot!er +arty>s *onsent to or a++ro,a% o# s1*! a*tion on any one o**asion
s!a%% not be deemed a *onsent to or a++ro,a% o# said a*tion on any
s1bse41ent o**asion or a *onsent to or a++ro,a% o# any ot!er a*tion on t!e
same or any s1bse41ent o**asion' Any and a%% ri-!ts and remedies !i*!
eit!er +arty may !a,e 1nder t!is Lease or by o+eration o# %a, eit!er at
%a or in e41ity, 1+on any brea*!, s!a%% be distin*t, se+arate and
*1m1%ati,e and s!a%% not be deemed in*onsistent it! ea*! ot!er, and no one
o# t!em, !et!er e/er*ised by said +arty or not, s!a%% be deemed to be an
e/*%1sion o# any ot!erE and any to or more or a%% o# s1*! ri-!ts and
remedies may be e/er*ised at t!e same time'
Se*tion A' Dis+1tes' It is a-reed t!at, i# at any time a dis+1te s!a%%
arise as to any amo1nt or s1m o# money to be +aid by one +arty to t!e ot!er
1nder t!e +ro,isions !ereo#, t!e +arty a-ainst !om t!e ob%i-ation to +ay
t!e money is asserted s!a%% !a,e t!e ri-!t to ma.e +ayment $1nder +rotest$
and s1*! +ayment s!a%% not be re-arded as a ,o%1ntary +ayment and t!ere
s!a%% s1r,i,e t!e ri-!t on t!e +art o# t!e said +arty to instit1te s1it #or
t!e re*o,ery o# s1*! s1m' I# it s!a%% be ad@1d-ed t!at t!ere as no %e-a%
ob%i-ation on t!e +art o# said +arty to +ay s1*! s1m or any +art t!ereo#,
said +arty s!a%% be entit%ed to re*o,er s1*! s1m or so m1*! t!ereo# as it
as not %e-a%%y re41ired to +ay 1nder t!e +ro,isions o# t!is Lease' I# at
any time a dis+1te s!a%% arise beteen t!e +arties !ereto as to any or. to
be +er#ormed by eit!er o# t!em 1nder t!e +ro,isions !ereo#, t!e +arty
a-ainst !om t!e ob%i-ation to +er#orm t!e or. is asserted may +er#orm
s1*! or. and +ay t!e *osts t!ereo# $1nder +rotest$ and t!e +er#orman*e o#
s1*! or. s!a%% in no e,ent be re-arded as a ,o%1ntary +er#orman*e and
s!a%% s1r,i,e t!e ri-!t on t!e +art o# t!e said +arty to instit1te s1it #or
t!e re*o,ery o# t!e *osts o# s1*! or.' I# it s!a%% be ad@1d-ed t!at t!ere
as no %e-a% ob%i-ation on t!e +art o# t!e said +arty to +er#orm t!e same
or any +art t!ereo#, said +arty s!a%% be entit%ed to re*o,er t!e *osts o#
s1*! or. or t!e *ost o# so m1*! t!ereo# as said +arty as not %e-a%%y
re41ired to +er#orm 1nder t!e +ro,isions o# t!is Lease and t!e amo1nt so
+aid by Tenant may be it!!e%d or ded1*ted by Tenant #rom any rents !erein
reser,ed'
Se*tion B' TENANT>S Ri-!t to *1re LANDLORD>S De#a1%t' In t!e e,ent t!at
Land%ord s!a%% #ai%, re#1se or ne-%e*t to +ay any mort-a-es, %iens or
en*1mbran*es, t!e @1di*ia% sa%e o# !i*! mi-!t a##e*t t!e interest o#
Tenant !ere1nder, or s!a%% #ai%, re#1se or ne-%e*t to +ay any interest d1e
or +ayab%e on any s1*! mort-a-e, %ien or en*1mbran*e, Tenant may +ay said
mort-a-es, %iens or en*1mbran*es, or interest or +er#orm said *onditions
and *!ar-e to Land%ord t!e amo1nt so +aid and it!!o%d and ded1*t #rom any
rents !erein reser,ed s1*! amo1nts so +aid, and any e/*ess o,er and abo,e
t!e amo1nts o# said rents s!a%% be +aid by Land%ord to Tenant'
8G
Se*tion 2' Noti*es' A%% noti*es and ot!er *omm1ni*ations a1t!oriDed or
re41ired !ere1nder s!a%% be in ritin- and s!a%% be -i,en by mai%in- t!e
same by *erti#ied mai%, ret1rn re*ei+t re41ested, +osta-e +re+aid, and any
s1*! noti*e or ot!er *omm1ni*ation s!a%% be deemed to !a,e been -i,en !en
re*ei,ed by t!e +arty to !om s1*! noti*e or ot!er *omm1ni*ation s!a%% be
addressed' I# intended #or Land%ord t!e same i%% be mai%ed to t!e address
!erein abo,e set #ort! or s1*! ot!er address as Land%ord may !erea#ter
desi-nate by noti*e to Tenant, and i# intended #or Tenant, t!e same s!a%%
be mai%ed to Tenant at t!e address !erein abo,e set #ort!, or s1*! ot!er
address or addresses as Tenant may !erea#ter desi-nate by noti*e to
Land%ord'
ARTICLE 5I5 ( PROPERT< DAMAGE
Se*tion %' Loss and Dama-e' Notit!standin- any *ontrary +ro,isions o#
t!is Lease, Land%ord s!a%% not be res+onsib%e #or any %oss o# or dama-e to
+ro+erty o# Tenant or o# ot!ers %o*ated on t!e Leased Premises, e/*e+t
!ere *a1sed by t!e i%%#1% a*t or omission or ne-%i-en*e o# Land%ord , or
Land%ord>s a-ents, em+%oyees or *ontra*tors, +ro,ided, !oe,er, t!at i#
Tenant s!a%% noti#y Land%ord in ritin- o# re+airs !i*! are t!e
res+onsibi%ity o# Land%ord 1nder Arti*%e 6II !ereo#, and Land%ord s!a%%
#ai% to *ommen*e and di%i-ent%y +rose*1te to *om+%etion said re+airs
+rom+t%y a#ter s1*! noti*e, and i# a#ter t!e -i,in- o# s1*! noti*e and t!e
o**1rren*e o# s1*! #ai%1re, %oss o# or dama-e to Tenant>s +ro+erty s!a%%
res1%t #rom t!e *ondition as to !i*! Land%ord !as been noti#ied, Land%ord
s!a%% indemni#y and !o%d !arm%ess Tenant #rom any %oss, *ost or e/+ense
arisin- t!ere#rom'
Se*tion 0' )or*e Ma@e1re' In t!e e,ent t!at Land%ord or Tenant s!a%% be
de%ayed or !indered in or +re,ented #rom t!e +er#orman*e o# any a*t ot!er
t!an Tenant>s ob%i-ation to ma.e +ayments o# rent, additiona% rent, and
ot!er *!ar-es re41ired !ere1nder, by reason o# stri.es, %o*.o1ts,
1na,ai%abi%ity o# materia%s, #ai%1re o# +oer, restri*ti,e -o,ernmenta%
%as or re-1%ations, riots, ins1rre*tions, t!e a*t, #ai%1re to a*t, or
de#a1%t o# t!e ot!er +arty, ar or ot!er reason beyond its *ontro%, t!en
+er#orman*e o# s1*! a*t s!a%% be e/*1sed #or t!e +eriod o# t!e de%ay and
t!e +eriod #or t!e +er#orman*e o# s1*! a*t s!a%% be e/tended #or a +eriod
e41i,a%ent to t!e +eriod o# s1*! de%ay' Notit!standin- t!e #ore-oin-,
%a*. o# #1nds s!a%% not be deemed to be a *a1se beyond *ontro% o# eit!er
+arty'
ARTICLE 55 ( MISCELLANEO9S
Se*tion 8' Assi-nment and S1b%ettin-' 9nder t!e terms and *onditions
8H
!ere1nder, Tenant s!a%% !a,e t!e abso%1te ri-!t to trans#er and assi-n t!is
%ease or to s1b%et a%% or any +ortion o# t!e Leased Premises or to *ease
o+eratin- Tenant>s b1siness on t!e Leased Premises +ro,ided t!at at t!e
time o# s1*! assi-nment or s1b%ease Tenant s!a%% not be in de#a1%t in t!e
+er#orman*e and obser,an*e o# t!e ob%i-ations im+osed 1+on Tenant
!ere1nder, and in t!e e,ent t!at Tenant assi-ns or s1b%ets t!is +ro+erty
#or an amo1nt in e/*ess o# t!e renta% amo1nt t!en bein- +aid, t!en Land%ord
s!a%% re41ire as #1rt!er *onsideration #or t!e -rantin- o# t!e ri-!t to
assi-n or s1b%et, a s1m e41a% to #i#ty "B3I& +er*ent o# t!e di##eren*e
beteen t!e amo1nt o# renta% to be *!ar-ed by Tenant to Tenant>s s1b%essee
or assi-nee and t!e amo1nt +ro,ided #or !erein, +ayab%e in a manner
*onsistent it! t!e met!od o# +ayment by t!e s1b%essee or assi-nee to t!e
Tenant, and=or #i#ty "B3I& +er*ent o# t!e *onsideration +aid or to be +aid
to Tenant by Tenant>s s1b%essee or assi-nee' Land%ord m1st *onsent in
ritin- to any s1*! s1b%essee or assi-nee, a%t!o1-! s1*! *onsent s!a%% not
be 1nreasonab%y it!!e%d' T!e 1se o# t!e Leased Premises by s1*! assi-nee
or s1b%essee s!a%% be e/+ress%y %imited by and to t!e +ro,isions o# t!is
%ease'
Se*tion 0' )i/t1res' A%% +ersona% +ro+erty, #1rnis!in-s and e41i+ment
+resent%y and a%% ot!er trade #i/t1res insta%%ed in or !erea#ter by or at
t!e e/+ense o# Tenant and a%% additions and=or im+ro,ements, e/*%1si,e o#
str1*t1ra%, me*!ani*a%, e%e*tri*a%, and +%1mbin-, a##i/ed to t!e Leased
Premises and 1sed in t!e o+eration o# t!e Tenant>s b1siness made to, in or
on t!e Leased Premises by and at t!e e/+ense o# Tenant and s1s*e+tib%e o#
bein- remo,ed #rom t!e Leased Premises it!o1t dama-e, 1n%ess s1*! dama-e
be re+aired by Tenant, s!a%% remain t!e +ro+erty o# Tenant and Tenant may,
b1t s!a%% not be ob%i-ated to, remo,e t!e same or any +art t!ereo# at any
time or times d1rin- t!e term !ereo#, +ro,ided t!at Tenant, at its so%e
*ost and e/+ense, s!a%% ma.e any re+airs o**asioned by s1*! remo,a%'
Se*tion ?' Esto++e% Certi#i*ates' At any time and #rom time to time,
Land%ord and Tenant ea*! a-ree, 1+on re41est in ritin- #rom t!e ot!er, to
e/e*1te, a*.no%ed-e and de%i,er to t!e ot!er or to any +erson desi-nated
by t!e ot!er a statement in ritin- *erti#yin- t!at t!e Lease is 1nmodi#ied
and is in #1%% #or*e and e##e*t, or i# t!ere !a,e been modi#i*ations, t!at
t!e same is in #1%% #or*e and e##e*t as modi#ied "statin- t!e
modi#i*ations&, t!at t!e ot!er +arty is not in de#a1%t in t!e +er#orman*e
o# its *o,enants !ere1nder, or i# t!ere !a,e been s1*! de#a1%ts, s+e*i#yin-
t!e same, and t!e dates to !i*! t!e rent and ot!er *!ar-es !a,e been +aid'
Se*tion A' In,a%idity o# Parti*1%ar Pro,ision' I# any term or +ro,ision
o# t!is Lease or t!e a++%i*ation !ereo# to any +erson or *ir*1mstan*e
s!a%%, to any e/tent, be !e%d in,a%id or 1nen#or*eab%e, t!e remainder o#
t!is Lease, or t!e a++%i*ation o# s1*! term or +ro,ision to +ersons or
03
*ir*1mstan*es ot!er t!an t!ose as to !i*! it is !e%d in,a%id or
1nen#or*eab%e, s!a%% not be a##e*ted t!ereby, and ea*! term and +ro,ision
o# t!is Lease s!a%% be ,a%id and be en#or*ed to t!e #1%%est e/tent
+ermitted by %a'
Se*tion B' Ca+tions and De#initions o# Parties' T!e *a+tions o# t!e
Se*tions o# t!is Lease are #or *on,enien*e on%y and are not a +art o# t!is
Lease and do not in any ay %imit or am+%i#y t!e terms and +ro,isions o#
t!is Lease' T!e ord $Land%ord$ and t!e +rono1ns re#errin- t!ereto, s!a%%
mean, !ere t!e *onte/t so admits or re41ires, t!e +ersons, #irm or
*or+oration named !erein as Land%ord or t!e mort-a-ee in +ossession at any
time, o# t!e %and and b1i%din- *om+risin- t!e Leased Premises' I# t!ere is
more t!an one Land%ord, t!e *o,enants o# Land%ord s!a%% be t!e @oint and
se,era% ob%i-ations o# ea*! o# t!em, and i# Land%ord is a +artners!i+, t!e
*o,enants o# Land%ord s!a%% be t!e @oint and se,era% ob%i-ations o# ea*! o#
t!e +artners and t!e ob%i-ations o# t!e #irm' Any +rono1n s!a%% be read in
t!e sin-1%ar or +%1ra% and in s1*! -ender as t!e *onte/t may re41ire'
E/*e+t as in t!is Lease ot!erise +ro,ided, t!e terms and +ro,isions o#
t!is Lease s!a%% be bindin- 1+on and in1re to t!e bene#it o# t!e +arties
!ereto and t!eir res+e*ti,e s1**essors and assi-ns'
Not!in- *ontained !erein s!a%% be deemed or *onstr1ed by t!e +arties !ereto
nor by any t!ird +arty as *reatin- t!e re%ations!i+ o# +rin*i+a% and a-ent
or o# +artners!i+ or o# a @oint ,ent1re beteen t!e +arties !ereto, it
bein- 1nderstood and a-reed t!at neit!er any +ro,ision *ontained !erein,
nor any a*ts o# t!e +arties !ereto, s!a%% be deemed to *reate any
re%ations!i+ beteen t!e +arties !ereto ot!er t!an t!e re%ations!i+ o#
Land%ord and Tenant'
Se*tion 2' Cro.era-e' No +arty !as a*ted as, by or t!ro1-! a bro.er in
t!e e##e*t1ation o# t!is A-reement, e/*e+t as set o1t !ereina#ter'
Se*tion F' Entire A-reement' T!is instr1ment *ontains t!e entire and on%y
a-reement beteen t!e +arties, and no ora% statements or re+resentations or
+rior ritten matter not *ontained in t!is instr1ment s!a%% !a,e any #or*e
and e##e*t' T!is Lease s!a%% not be modi#ied in any ay e/*e+t by a ritin-
e/e*1ted by bot! +arties'
Se*tion G' Go,ernin- La' A%% matters +ertainin- to t!is a-reement
"in*%1din- its inter+retation, a++%i*ation, ,a%idity, +er#orman*e and
brea*!& in !ate,er @1risdi*tion a*tion may be bro1-!t, s!a%% be -o,erned
by, *onstr1ed and en#or*ed in a**ordan*e it! t!e %as o# t!e State o#
MMMMMMMMMMMMMM' T!e +arties !erein ai,e tria% by @1ry and a-ree to s1bmit
to t!e +ersona% @1risdi*tion and ,en1e o# a *o1rt o# s1b@e*t matter
@1risdi*tion %o*ated in MMMMMMMMMMMMMMMMMMMMM Co1nty, State o#
MMMMMMMMMMMMMM' In t!e e,ent t!at %iti-ation res1%ts #rom or arises o1t o#
08
t!is A-reement or t!e +er#orman*e t!ereo#, t!e +arties a-ree to reimb1rse
t!e +re,ai%in- +arty>s reasonab%e attorney>s #ees, *o1rt *osts, and a%%
ot!er e/+enses, !et!er or not ta/ab%e by t!e *o1rt as *osts, in addition
to any ot!er re%ie# to !i*! t!e +re,ai%in- +arty may be entit%ed' In s1*!
e,ent, no a*tion s!a%% be entertained by said *o1rt or any *o1rt o#
*om+etent @1risdi*tion i# #i%ed more t!an one year s1bse41ent to t!e date
t!e *a1se"s& o# a*tion a*t1a%%y a**r1ed re-ard%ess o# !et!er dama-es ere
ot!erise as o# said time *a%*1%ab%e'
Se*tion H' Contra*t1a% Pro*ed1res' 9n%ess s+e*i#i*a%%y disa%%oed by %a,
s!o1%d %iti-ation arise !ere1nder, ser,i*e o# +ro*ess t!ere#or may be
obtained t!ro1-! *erti#ied mai%, ret1rn re*ei+t re41estedE t!e +arties
!ereto ai,in- any and a%% ri-!ts t!ey may !a,e to ob@e*t to t!e met!od by
!i*! ser,i*e as +er#e*ted'
Se*tion 83' E/traordinary remedies' To t!e e/tent *o-niDab%e at %a, t!e
+arties !ereto, in t!e e,ent o# brea*! and in addition to any and a%% ot!er
remedies a,ai%ab%e t!ereto, may obtain in@1n*ti,e re%ie#, re-ard%ess o#
!et!er t!e in@1red +arty *an demonstrate t!at no ade41ate remedy e/ists at
%a'
Se*tion 88' Re%ian*e on )inan*ia% Statement' Tenant s!a%% #1rnis!
*on*1rrent%y it! t!e e/e*1tion o# t!is %ease, a #inan*ia% statement o#
Tenant +re+ared by an a**o1ntant' Tenant, bot! in *or+orate *a+a*ity, i#
a++%i*ab%e, and indi,id1a%%y, !ereby re+resents and arrants t!at a%% t!e
in#ormation *ontained t!erein is *om+%ete, tr1e, and *orre*t' Tenant
1nderstands t!at Land%ord is re%yin- 1+on t!e a**1ra*y o# t!e in#ormation
*ontained t!erein' S!o1%d t!ere be #o1nd to e/ist any ina**1ra*y it!in t!e
#inan*ia% statement !i*! ad,erse%y a##e*ts Tenant>s #inan*ia% standin-, or
s!o1%d Tenant>s #inan*ia% *ir*1mstan*es materia%%y *!an-e, Land%ord may
demand, as additiona% se*1rity, an amo1nt e41a% to an additiona% to "0&
mont!s> rent, !i*! additiona% se*1rity s!a%% be s1b@e*t to a%% terms and
*onditions !erein, re41ire a #1%%y e/e*1ted -1aranty by a t!ird +arty
a**e+tab%e to Land%ord, e%e*t to terminate t!is Lease, or !o%d Tenant
+ersona%%y and indi,id1a%%y %iab%e !ere1nder'
IN JITNESS JHEREO), t!e +arties !ereto !a,e e/e*1ted t!is Lease t!e day and
year #irst abo,e ritten or !a,e *a1sed t!is Lease to be e/e*1ted by t!eir
res+e*ti,e o##i*ers t!ere1nto d1%y a1t!oriDed'
Si-ned, sea%ed and de%i,ered in t!e +resen*e o#7
MMMMMMMMMMMMMMMMMMMMMMMMMMMMMM MMMMMMMMMMMMMMMMMMMMMMMMMMMMMM
$LANDLORD$ $TENANT$
00
MMMMMMMMMMMMMMMMMMMMMMMMMMMM
Jitness
MMMMMMMMMMMMMMMMMMMMMMMMMMMMMM
Jitness
STATE O)
CO9NT< O)
0?
E5HICIT $A$ LEGAL DESCRIPTION
T!e #o%%oin- des*ribed rea% +ro+erty, to-et!er it! a%% im+ro,ements t!ereon7
!i*! !as a street address as #o%%os7
Initia%s7
LANDLORD MMMMMMMMMMMMMM
TENANT MMMMMMMMMMMMMM
0A
E5HICIT $C$ TENANT PLANS AND SPECI)ICATIONS
Initia%s7
LANDLORD MMMMMMMMMMMMM
TENANT MMMMMMMMMMMMM

0B