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Exhibit 10.62
AGREEMENT OF LEASE
This Lease Agreement made on October 5,
2005 by and between South Crater Square
Associates, LLC ("Landlord"), and Star Tek
USA, Inc. ("Tenant").
WITNESSETH:
That in consideration of the mutual
covenants and agreements herein contained,
it is agreed by and between Landlord and
Tenant as follows:
BASIC LEASE
SECTION 1. This Section 1 is an integral part of this
PROVISIONS
lease and all of the
terms hereof incorporated into
this lease in all respects. In addition to the other
provisions which are elsewhere defined in this lease,
the following, whenever used in this lease shall have
the meaning set forth in this Section, and only such
meaning unless such meanings are expressly
contradicted, limited or expanded elsewhere herein:
(a) DATE
OF LEASE: October 5, 2005
(b)(1) Landlord's Overnight (2) Landlord's Address
Delivery Address:
For Rental Payment:
South Crater Square Associates, LLC
South Crater Square Associates, LLC
c/o Weinstein Management Co., Inc.
c/o Weinstein Management Co., Inc.
3951-A Stillman Parkway
P.O. Box 31335
Glen Allen, VA 23060
Richmond, VA 23294
(c)
Tenant's Mailing Address:
Star Tek
44 Cook Street
Denver, CO 80206
Attention: Mr. Grant Lomas
(d)
Security Deposit (Sec. 53): None.
(e)
Tenant's Trade Name: Star Tek USA
(f) Leased
Premises (Sec. 2): Unit number 5-A as
shown on Exhibit A, with approximately 39,600
square feet.
(g) Lease
Term ("term" or "term of this lease")
(Sec. 4): Seven (7) years and nine (9)
months.
(h) Fixed
Rent (Sec. 6): $5.25 per square foot,
which is $207,900 per annum, payable in equal
monthly installments, in advance at the rate
of $17,325 per month.
(i) Annual
rent escalation: None.
(j)
Permitted Use (Sec. 22): General office, call
center and any other legally permitted use.
Exclusive use: See
Section 22.
(k)
Estimated Tax Charge (Sec. 12): $13,188.00
per annum, payable in equal installments, in
advance, at the rate of $1,099.00 per month,
subject to annual adjustments. This charge is
based on 39,600 square feet or approximately
46.59% of the total Taxes, as defined in
Section 12, computed and payable monthly, in
advance.
(l)
Estimated Insurance Charge (Sec. 12):
$5,688.00 per annum, payable in equal
installments, in advance, at the rate of
$474.00 per month, subject to annual
adjustments. This charge is based on 39,600
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square feet or approximately 46.59% of the
total insurance charge, as defined in Section
12, computed and payable monthly, in advance.
(m)
Estimated Common Area Charge (Sec. 34):
$16,800.00 per annum payable in equal
installments, in advance, at the rate of
$1,400.00 per month, subject to annual
adjustment. This charge is based on 39,600
square feet or approximately 46.59% of the
total Operating Costs, as defined in Section
34, computed and payable monthly, in advance.
(n)
Estimate Water/Sewer charge (Sec. 47):
$1,032.00 per annum payable in equal
installments, in advance, at the rate of
$86.00 per month, subject to annual
adjustment. This charge is based on 39,600
square feet or approximately 46.59% of the
total operating costs for such utilities for
the Shopping Center, computed and payable
monthly, in advance.
(o)
Exhibits: The Exhibits attached to this lease
are hereby incorporated in and made a part of
this lease.
EXHIBIT A: Leased
Premises
EXHIBIT B: Shopping
Center Plan
EXHIBIT C: Landlord's Work - Vanilla Shell
EXHIBIT D: Form of
Subordination Attornment and
Non-Disturbance Agreement
Fixed Rent, Common Area charge, taxes and
insurance will abate in full for the first
nine (9) full months of the term.
PREMISES AND
SECTION 2. That in
consideration of the rents and
IMPROVEMENTS
covenants herein set forth, Landlord hereby leases to
Tenant, and Tenant rents from Landlord, the premises
containing approximately 39,600 square feet,
(hereinafter called the "Leased Premises"), as shown as
unit number 5-A outlined on a drawing identified by the
parties as "Exhibit A", a copy of which is attached
hereto and made a part hereof, and located in the
Shopping Center known as Pinehill Plaza Shopping Center
(hereinafter called the "Shopping Center"), a diagram
of which is shown as "Exhibit B" attached hereto and
made a part hereof. The exact dimensions of the Leased
Premises are subject to final measurement and
verification by an architect acceptable to Landlord and
Tenant. If the area of the Premises is different from
39,600 square feet or if the Shopping Center is ever
enlarged, the amounts based on their areas will be
changed.
Landlord represents and warrants to Tenant
that the Premises may lawfully be used by Tenant for
the Permitted Use described in Section 1, and if there
is no agreement affecting Landlord or the Shopping
Center or any part of it, that limits or affects that
use, Landlord represents and warrants that on the date
on which it completes its improvement of the Premises,
the Premises will comply fully with all federal, state,
and local laws, including without limitation laws
related to Hazardous Materials described in Section 58
and ADA described in Section 59.
TITLE; SUBORDINATION SECTION 3.
Landlord hereby warrants that Landlord and
no other person or corporation has the right to lease
the premises demised. During the term hereof and as
long as Tenant is not in default hereunder, Tenant
shall have peaceful and quiet use and possession of the
Leased Premises without hindrance on the part of
Landlord or anyone claiming by, through or under
Landlord, and Landlord shall warrant and defend Tenant
in such peaceful and quiet use and possession against
the claims of all persons, claiming by, through or
under Landlord. However, Tenant's rights under this
Lease Agreement may at the sole option of the Landlord
be subordinated to the operation and effect of any
mortgage, deed of trust or other similar security
instrument now or hereafter placed upon the Shopping
Center, or any part or parts thereof, by Landlord, so
long as Tenant and the holder of such instrument enter
into a subordination, non-disturbance and attornment
agreement in form and substance acceptable to Tenant
(an "SNDA").
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Tenant agrees that upon the request of Landlord it will
subordinate this lease to the lien of any present or
future mortgage, deed of trust or similar security
instrument upon the demised premises or the Shopping
Center, irrespective of the time of execution or time
of recording of any such security instrument and agrees
to execute, acknowledge and deliver all instruments
deemed by Landlord necessary or desirable to give
effect to or notice of such subordination, so long as
Tenant and the holder of such instrument enter into a
subordination, non-disturbance and attornment agreement
in form and substance acceptable to Tenant (an "SNDA").
Tenant also agrees that if it shall fail at any time to
execute, acknowledge or deliver any such instrument
requested by Landlord, Landlord may, in addition to any
other remedies available to it, execute, acknowledge
and deliver such instrument as the attorney in fact of
Tenant, in Tenant's name. The word "mortgage" as used
herein includes mortgages, deed of trust, other similar
security instruments and modifications, consolidations,
extensions, renewals, replacements and substitutes
thereof. Tenant agrees that the form of SNDA attached
hereto as Exhibit D is an SNDA acceptable in form and
substance to Tenant.
Within thirty (30) days of execution of the Lease
Agreement, Landlord
shall deliver to Tenant a
reasonably acceptable non-disturbance agreement
executed by its mortgagee.
TERM
SECTION 4. The term of this lease shall commence on the
earlier of (a) the date on which Tenant's improvements
to the Leased Premises are substantially complete or
(b) one-hundred and twenty (120) days after the date of
execution of this lease. The lease term shall be for a
period of seven (7) years and nine (9) months plus the
part of a month, if any, from the date of commencement
of the term to the first day of the first full calendar
month in the term. Each of the parties hereto agrees,
upon demand of the other, to execute a declaration in
recordable form expressing the commencement and
termination dates of the term as soon as the
commencement date has been determined.
Renewal Option. Provided Tenant is not in default under
any
of the terms and provisions of this Lease after the
giving of notice and the passage of any required cure
periods or the Tenant is otherwise endeavoring in good
faith to cure such default, Tenant shall have one (1)
renewal option period of five (5) years. All terms and
conditions of this Lease shall remain in full force and
effect during the renewal option period, except for the
payment of Fixed Rent, which shall be $6.00 per square
foot per year. To exercise the option period, Tenant
shall deliver to Landlord written notice one hundred
eighty (180) days prior to the expiration of the term
of its intent to exercise its option to renew this
Lease. Absent such timely delivery of notice to
exercise an option period, this Lease shall terminate
automatically without further notice or action upon the
expiration of the then current term.
TERMINATION
SECTION 5. This lease and the tenancy hereby created
shall cease and terminate at the end of the original
term hereof, or any extension or renewal thereof,
without the necessity of any notice from either
Landlord or Tenant to terminate the same, and Tenant
hereby waives notice to vacate the premises and agrees
that Landlord shall be entitled to the benefit of all
provisions
of law respecting the summary recovery of
possession of premises from a tenant holding over to
the same extent as if statutory notice had been given.
For the period of six (6) months prior to the
expiration of the original term of this lease or any
renewal or extension thereof, Landlord shall have the
right to display on the exterior of the premises (but
not in any window or doorway thereof) the customary
sign "For Rent," and during such period Landlord may
show the premises and all parts thereof to prospective
tenants between the hours of 9:00 A.M. and 5:00 P.M. on
any day during which Tenant shall be open for business,
with the consent of the tenant as long as consent is
not unreasonably withheld.
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RENTALS PAYABLE
SECTION 6. Tenant covenants and agrees to pay Landlord,
as Fixed Rent for the Leased Premises, the sum of $5.25
per square
foot per year. Fixed Rent, Common Area
charge, taxes and insurance will abate in full for the
first nine (9) full months of the term.
Fixed Rent
SECTION 7. The Fixed Rent shall be payable, without
previous demand and without any setoffs or deductions
whatsoever except as provided in this lease, in equal
monthly installments in advance on the first day of
each calendar month during the term, the first such
payment to include any prorated Fixed Rent for the
period from the date of the commencement of the term to
the
first day of the first full calendar month in the
term.
SECTION 8.
INTENTIONALLY OMITTED.
"RENTAL YEAR" DEFINED SECTION 9. The first
"rental year" shall commence on
the first day of the term and shall end at the close of
the last day of the twelfth full calendar month
following thereafter; thereafter the rental year shall
consist of periods of twelve full calendar months or,
at the end of the term, the portion of such twelve
calendar months included in the term.
SECTION 10.
INTENTIONALLY OMITTED.
SECTION 11.
INTENTIONALLY
OMITTED.
TAXES AND INSURANCE SECTION
12. Throughout the term of this lease, Tenant
agrees to pay to Landlord, as additional rental each
Rental Year, a pro rata share of the following
expenses, which pro rate shall be computed by
multiplying such expenses by a fraction having as its
numerator the Floor Area of the Demised Premises and as
its denominator the Floor Area of all the enclosed
areas of the Shopping Center available for exclusive
use and occupancy by Tenants of the Shopping Center,
whether or not open for business.
(i) All real estate taxes and assessments of every kind
or nature which are now or may hereafter be imposed or
assessed upon the Demised Premises or the Shopping
Center provided, however, that nothing contained in
this Section shall be construed to obligate Tenant to
pay any inheritance, estate, succession, transfer,
gift, or corporation tax that is or may be imposed upon
Landlord.
(ii) All taxes or excises on rent or any other tax,
levy or charge however described levied against the
Landlord by the Federal Government, the State of
Virginia or any political subdivision of the State of
Virginia on account of rentals or other charges payable
to Landlord hereunder or based upon the parking
facilities and/or the number of parking spaces provided
by the Landlord hereunder or based upon the parking
facilities and/or the number of parking spaces provided
by the Landlord in the Shopping Center.
(iii) The cost to Landlord of insurance obtained by
Landlord pursuant to Sections 34 and 38 hereof;
provided, however, that in no event shall the Tenant be
required to pay any portion of such taxes or insurance
covering a taxable or insured period ending prior to
the delivery of the Demised Premises to the Tenant and
such payment is further abated according to Section 1.
Such additional rent for the partial Rental Year of the
term hereby shall be prorated per diem. Landlord shall
submit to Tenant annually a written statement setting
forth the amount of such expenses and showing in
reasonable detail the manner in which they have been
computed.
The charges to Tenant under this Section shall be
computed on a basis of twelve (12) consecutive calendar
months commencing and ending on such dates as may be
designated by Landlord and shall be paid by Tenant in
monthly installments on the first day of each calendar
month in an amount as
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set forth in Section 1, as adjusted to actual expenses
per the terms of this Lease. Landlord shall make
available for Tenant's inspection during normal
business hours at the office of the Landlord,
Landlord's records relating to the taxes and insurance
for such preceding period. On Tenant's request,
Landlord shall provide Tenant with supporting
documentation for any element of taxes or insurance
passed through to Tenant under this Section.
Within sixty (60) days after the end of each Rental
Year, or such other twelve (12) month period designated
by Landlord, Landlord shall submit to Tenant a written
statement setting forth the amount of such expenses and
showing in reasonable detail the manner in which they
have been computed and the calculation of Tenant's
prorata share. Within thirty (30) days after receipt of
such statement, there shall be an adjustment between
Landlord and Tenant with payment to or repayment by
Landlord as the case may require. In the event any
repayment is due to Tenant, then Tenant may take a
credit on Tenant's next succeeding monthly installment.
At the time the aforementioned annual adjustment is
made, Tenant's subsequent monthly tax or insurance
contributions shall be adjusted so that each monthly
installment equals one-twelfth of Tenant's adjusted
annualized contribution.
SECTION 13.
INTENTIONALLY OMITTED.
ADDITIONAL RENTALS
SECTION 14. Tenant will promptly pay all rentals herein
prescribed when and as the same shall become due and
payable. If Landlord shall pay any monies, or incur any
expenses in correction of the violation of covenants
herein set forth, the amount so paid or incurred shall,
at Landlord's option, and on notice to Tenant, be
considered additional rentals payable by Tenant with
the first installment of rental thereafter to become
due and payable, and may be collected or enforced as
provided by law in respect of rentals.
PAYMENTS AT OFFICE OF SECTION 15. All
rentals payable and all statements
LANDLORD
delivered by Tenant to Landlord under this Agreement
shall be paid and delivered to South Crater Square
Associates, LLC, c/o Weinstein Management Co., Inc.,
P.O. Box 31335, Richmond, VA 23294, or to such other
address as Landlord may direct by written notice.
NOT A JOINT VENTURE SECTION
16. Any intention to create a joint venture or
partnership relationship between the parties hereto is
hereby expressly disclaimed.
IMPROVEMENTS
SECTION 17. Prior to commencement of the term, Landlord
agrees to provide, at its expense, the Improvements to
the Leased Premises substantially in accordance with
the general description of the improvements to be
provided by Landlord as set forth in "Exhibit C"
hereto. Any other improvements to the Leased Premises
shall be provided by Tenant at its sole expense.
Landlord and Tenant are each responsible for obtaining
plans and bids for the work for which each is
responsible for performing. Landlord and Tenant shall
agree on one contractor to perform both Landlord's and
Tenant's work. Landlord and Tenant shall establish a
mutually agreeable construction schedule and completion
date for all improvements to the Leased Premises.
Tenant shall execute a contract with the contractor,
monitor the construction progress, maintain a log of
changes and execute change orders approved by Landlord
(if the change order relates to Landlord's work) and
prepare a punchlist a substantial completion.
DRIVEWAYS AND PARKING SECTION 18. Landlord
agrees to provide hard surfaced
AREAS
parking areas with adequate drainage and lighting
facilities, including footways and necessary access
roads within the Shopping Center. Landlord represents
that there are at least 320 non-reserved parking spaces
in the parking lot for the Shopping Center that are
available for use.
SECTION 19. On or before the commencement of the Term,
Tenant will
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substantially complete and fixture the Leased Premises.
Tenant shall obtain the prior written approval of
Landlord to all plans and specifications for work upon
the Leased Premises whether interior, exterior,
structural, mechanical, electrical or otherwise. Once
construction plans and specifications shall have been
submitted to and approved in writing by Landlord,
Tenant must construct its improvements in strict
conformity therewith. If, during the course of
construction, Tenant desires any changes in the
approved plans or specifications, such changes must
also first be submitted to and approved by Landlord.
All Tenant's work, as herein provided, shall be done at
the sole cost and expense of Tenant, in accordance with
all applicable laws and governmental regulations.
Furthermore, Tenant shall obtain and furnish
satisfactory evidence of such builder's risk, and other
usual and customary insurance policies, or such
policies as Landlord or Landlord's mortgage lender may
require throughout the period of Tenant's construction,
which policies shall be in form, content, and with such
limits as Landlord and/or Landlord's mortgage lender
may require. Said policies shall name Landlord,
Landlord's mortgage lender, and Landlord's Agent as
additional named insureds, as their respective
interests may appear.
Tenant hereby indemnifies and saves Landlord, its
Partners and agent harmless from and against any and
all manner of claims for liens, wages, or materials, or
for damages to persons or property caused during the
making of or in connection with said building
construction, including but not by way of limitation,
mechanics' liens claims, which latter claims Tenant
shall bond off within
ten (10) business days.
UNAVOIDABLE DELAYS
SECTION 20. The obligations of the Landlord and of
Tenant, respectively, under Sections 4, 17, 18, and 19
hereof, are subject to unavoidable delays due to labor
disputes, acts of God or the public enemy, governmental
regulations or controls, fire or other casualties or
other conditions or causes beyond the reasonable
control of the parties.
TRADE FIXTURES
SECTION 21. All trade fixtures and apparatus installed
by Tenant in the Leased Premises except such as may be
the property of Landlord shall remain the property of
the Tenant and shall be removable from time to time and
also at the expiration of the term of this lease or any
renewal or extension thereof, or other termination
thereof, provided Tenant shall not at such time be in
default under any covenant or agreement contained in
this Agreement; otherwise Landlord shall have a lien on
said fixtures or apparatus as security against loss and
damage resulting from defaults by Tenant. Tenant shall
repair and restore the Leased Premises following the
removal or replacement of its trade fixtures whether
during or at the termination of this lease.
USE OF PREMISES
SECTION 22. The Leased Premises shall be used by tenant
solely for the purpose of conducting therein the
business as set forth in Section 1.
Exclusive use: During the initial lease term and any
extensions, Landlord agrees not to allow any space at
the Shopping Center to be used or occupied by another
call center company.
PROMPT OCCUPANCY AND SECTION 23.
Tenant will not use, or permit or suffer
USE
the use of, the Leased Premises for any other business
or for residential purposes, and will conduct business
on the premises in its own name unless and until the
use of some other name is approved in writing by
Landlord. Tenant will not permit, allow, or cause any
public or private auction sales to be conducted on or
from the Leased Premises.
OPERATION BY TENANT SECTION
24. Tenant will keep the inside and outside of
all glass in the doors and windows of the Leased
Premises clean; will keep all exterior surfaces clean;
will replace promptly at its own expense with glass of
like kind and quality any plate glass or window glass
of the Leased Premises
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which may become cracked or broken, unless by fire;
will not, without the consent in writing of Landlord,
place or maintain any merchandise or other articles in
any vestibule or entry of the premises, on the front
walks adjacent thereto, or elsewhere on the exterior
thereof; will maintain the premises and the sidewalks
abutting the premises at its own expense in a clean,
orderly and sanitary condition and free of insects,
rodents, vermin and other pests; will not permit undue
accumulations of garbage, trash, rubbish and other
refuse in the Premises, but will remove the same at its
own expense, and will keep such refuse in rat-proof
containers within the interior of the premises until
called for to be removed; will not use or permit the
use of any pool table, foosball, air hockey, video,
pinball or similar arcade type games; will not use or
permit the use of any television or apparatus or
musical
instruments for sound reproduction or
transmission in such manner that the sounds so
reproduced, transmitted or produced shall be audible
beyond the interior of the Leased Premises or disturb
the other tenants of the Shopping Center; will not
commit any acts which will increase Landlord's rate of
insurance; will keep all mechanical apparatus free of
vibration and noise which may be transmitted beyond the
confines of the premises; will not cause or permit
objectionable odors to emanate or be dispelled from the
premises; will comply with all laws and ordinances and
valid rules and regulations of governmental
authorities, and all recommendations of the applicable
Fire Insurance Rating Bureau, with respect to the use
or occupancy of the premises by Tenant.
EXTERIOR REPAIRS
SECTION 25. Landlord will keep the exterior of the
Shopping Center, including without limitation the
exterior walls, roofs, common areas, driveways, parking
areas, and sidewalks, except any doors, windows and
glass in the Premises, in repair, provided that Tenant
shall give
Landlord written notice of the necessity for
such repairs, and provided that the damage thereto
shall not have been caused by negligence of Tenant, in
which event Tenant shall be responsible therefor.
Except as set forth in Sections 26 and 27 of this
Lease, Landlord shall be under no other liability for
repair, maintenance, alteration or any other action
with reference to the Leased Premises or any part
thereof, or plumbing, heating, electrical, air
conditioning or other mechanical installation therein.
Landlord
is expressly exculpated from any damage caused
to Tenant's fixtures, inventory, and/or decor caused by
leakage from any pipe, or from leakage in the roof.
INTERIOR REPAIRS; END SECTION 26. Tenant
will keep the interior of the
OF THE LEASE TERM
premises, together with all electrical, plumbing, and
other mechanical installations, therein in good order
and repair at its own expense; and will surrender the
Leased Premises at the expiration of the term or at
such other time as it may vacate the premises in as
good condition as when received, excepting depreciation
caused by ordinary wear and tear. Tenant will not
overload the electrical wiring serving the premises or
within the premises, and will install at its own
expense, but only after obtaining Landlord's written
approval, any additional electrical wiring which may be
required in connection with Tenant's apparatus.
Notwithstanding the foregoing, however, Landlord
guarantees that the electrical and plumbing systems and
equipment serving the Leased Premises (except any
electrical and plumbing systems installed by Tenant as
part of its improvements to the Leased Premises) are in
good working condition on the Lease Commencement Date.
Landlord shall be responsible for all capital repairs
or replacements related to those systems, unless such
are repairs or replacements are necessitated by
Tenant's negligence or willful acts. If Landlord fails
to perform any of its obligations in this Section and
Landlord fails to initiate efforts within ten (10) days
after Landlord's receipt of written notice from Tenant
to promptly cure such failure, Tenant may, but will not
be obligated to, perform Landlord's obligations on
Tenant's behalf and Tenant may invoice Landlord for the
cost of such repairs plus interest at the rate of ten
percent (10%) per annum.
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HEATING VENTILATING SECTION
27. Tenant, at its
sole cost and expense,
AND AIR CONDITIONING shall operate,
maintain and repair the heating,
ventilating and air conditioning (HVAC) system
including the making of all necessary replacements
thereto throughout the term of this lease and any
renewal thereof. Tenant shall pay for all fuel, water,
gas and electricity consumed in such operation. During
the entire term hereof, Tenant agrees to contract for
the regular maintenance and repair of the heating,
ventilating and air conditioning equipment with a
reputable service contractor acceptable to Landlord and
to provide an executed copy of such agreement to
Landlord.
Notwithstanding the foregoing, however, Landlord
guarantees that the HVAC systems and equipment serving
the Leased Premises (except any HVAC systems installed
by Tenant as part of its improvements to the Leased
Premises) are in good working condition on the Lease
Commencement Date. Landlord shall be responsible for
all capital repairs or replacements related to those
systems, unless such repairs or replacements are
necessitated by Tenant's negligence or willful acts. If
Landlord fails to perform any of its obligations in
this Section and Landlord fails to initiate efforts
within ten (10) days after Landlord's receipt of
written notice from Tenant to promptly cure such
failure, Tenant may, but will not be obligated to,
perform Landlord's obligations on Tenant's behalf and
may invoice Landlord for the cost of such repairs or
replacement plus interest at the rate of ten percent
(10%) per annum.
If utilities to the Premises are interrupted for more
than three (3) consecutive business days as a result of
the negligent act or omission of Landlord, its agents,
employees, or contractors, Tenant will have the right
to abate rent from the beginning of the interruption of
such services until full resumption of them. If such
interruption continues for thirty (30) consecutive
days, Tenant will have the right to terminate this
lease without liability upon ten (10) days' notice, so
long as such interruption has not been cured before
such termination date.
DAMAGES TO PREMISES SECTION
28. Tenant will repair promptly at its own
expense any damage, including that from forced entry,
to the Leased Premises caused by the bringing into or
taking out of the premises any property for Tenant's
use, or by
the installation or removal of such
property, regardless of fault or by whom such damage
shall be caused, unless caused by Landlord, its agents,
employees, or contractors and in default of such
repairs by Tenant, Landlord may make the same and
Tenant agrees to pay the cost thereof to Landlord
promptly upon Landlord's demand therefor.
ALTERATIONS BY TENANT SECTION 29. Tenant
will not alter the storefront of the
leased premises and will not make any structural or
non-structural alteration or addition to the Leased
Premises or any part thereof, or the Shopping Center
without first obtaining Landlord's written approval,
which will not be unreasonably denied, conditioned or
delayed; and Tenant agrees that any improvements made
by it shall immediately become the property of the
Landlord and shall remain upon the premises in the
absence of agreement to the contrary. Tenant further
may install fixtures, apparatus and equipment of any
kind to any part of the premises without first
obtaining Landlord's written consent. In the event
Tenant performs any initial improvements or subsequent
alterations or repairs to the Leased Premises, Tenant
shall do all things reasonably necessary to prevent the
filing of any mechanics' or other liens against the
Leased Premises. If any such lien shall at any time be
filed, Tenant shall either cause the same to be vacated
and canceled within ten (10) days after the date of
filing thereof, or, Tenant shall furnish such security
by surety bond or otherwise as may be necessary to
release the same as a lien against the real property.
At the expiration of the Lease, Tenant shall remove at
its expense, all alterations and additions which were
made in the demised premises or the Shopping Center by
the Tenant after
the initial preparation of the
Premises and which are designated by the Landlord for
removal at the time Lessee requests Lessor's consent to
them. Tenant shall repair, at its expense, any damage
caused by removal of the alterations and additions.
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PAINTING AND DECORATION SECTION 30. Tenant will not paint
or decorate any part
of the exterior of the Leased Premises without first
obtaining Landlord's written approval of such painting
or decoration.
SECTION 31.
INTENTIONALLY OMITTED
ROOF AND WALLS
SECTION 32. So long as Landlord does not unreasonably
interfere with the operation of Tenant's business,
Landlord shall have the exclusive right to use all or
any part of the roof of the premises for any purpose;
to erect on the roof to the Leased Premises other
structures; and to erect in connection with the
construction thereof of temporary scaffolds and other
aids to construction on the exterior of the premises,
provided that access to the premises shall not be
denied. Tenant further agrees that Landlord may make
any use it desires of the side or rear walls of the
premises, provided that there shall be no encroachment
upon the interior of the Leased Premises.
COMMON FACILITIES
SECTION 33. Landlord grants to Tenant during the term
the right of non-exclusive use, in connection with
others, of all automobile parking areas within the
Shopping Center for the accommodation and parking of
passenger