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CROWVALE PROPERTIES
LIMITED
UNDERLEASE
Relating to office premises known
As Watermans Park, High Street,
Brentford in the London
Borough of Hounslow
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THIS UNDERLEASE
made the twenty seventh day of June One thousand nine hundred and
eighty-five BETWEEN CROWVALE PROPERTIES LIMITED whose registered
office is at Carmelite Street London EC4 (hereinafter called
“\illegible\ Lessor” which expression shall where the
context so \illegible\ include the person for the time being
entitled to the \illegible immediately expectant on the
determination of the terms hereby granted) of the first part
MAX FACTOR LIMITED whose registered office is situate
at 75 Davies Street London W.I. (hereinafter called the
“lessee” which expression where the context so
\illegible\ shall include the successors in title of the Lessee) of
\illegible\ second part and INTERNATIONAL PLAYTEX INC
WHOSE REGISTERED OFFICE IS AT Stamford Connecticut United States of
America (hereinafter called “the Surety”) of the third
part WITNESSETH as follows:-
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(a)
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“the term” means the
term of years hereby created
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(b)
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“these presents” means
this Lease and any document which is supplemental thereto or which
is entered into pursuant to or in accordance with these
terms
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(c)
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“the demised premises”
means the land hereinafter described together with the
appurtenances thereto belonging and together also with any building
or part of a building now or hereafter erected thereon or on any
part thereof including all boundary walls and fences )other than
party walls and party fences) drains sewers pipes wires cables
gutters conduits ducts and other media sanitary and water apparatus
and things forming part of and serving the same and all additions
alterations and improvements thereto which may be made during the
term and all Landlords fixtures and fittings from time to time in
and about the same including all plant installations apparatus and
machinery used in connection with the demised premises and all
carpets wall coverings and paneling and light fittings.
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(d)
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“The Superior Lease”
means a Lease dated the fourteenth day of June 1985 and lade
between the Mayor and Burgesses of the London Borough of Hounslow
(1) and the Lessor (2)
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(e)
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“The Planning Acts”
means the Town and Country Planning Acts for the time being in
force and any Order instrument plan regulation permission consent
and direction made or issued thereunder or deriving
therefrom
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(f)
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“Development” shall have
the meaning ascribed to it in the Planning Acts
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(g)
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“interest” means
interest at the rate of 3% over Lloyds Bank Base Rate or its
equivalent from time to time prevailing
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(i)
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“the Insured Risks”
means loss or damage by fire and special perils including but
without prejudice to the generality of the foregoing lightning
explosion impact aircraft earthquake riot civil commotion and
malicious damage storm tempest or flood bursting or overflowing of
water tanks boilers apparatus or pipes and such other risks
(whether or not in the nature of the foregoing) as the Lessor may
from time to time reasonably require
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(j)
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“An accepted part” means
a complete floor or floors of the building comprised within the
demised premises (each suite on such floor being shown edged blue
on the plan) but without the services and excluding the common
parts on the relevant floor or floors
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(k)
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”the plans” means the
drawings numbered 994/101/B, 994/102B, 994/104/B and 994/105/A
annexed hereto
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(l)
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“the common parts” means
the areas referred to in Clause 3(2) of the Superior Lease but (for
the avoidance of doubt) shall not include the adjoining area of the
Arts Centre shown on the Plans other than the said area shown
coloured blue on the plan attached to the Superior Lease
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AND in these
presents where the context so admits
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(i)
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words importing the masculine gender
shall include the feminine gender and words importing the singular
number only shall include the plural number and vice versa and
words importing a person and all references to a person shall
include a corporation
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(ii)
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where there are two or more persons
included in the expression “the Lessor” and/or
“the Lessee” covenants contained in these presents
which are expressed to be made by the Lessor and/or the Lessee
shall be deemed to be made by such persons jointly and
severally
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2.01 IN
consideration of the rents nad covenants on the part of the Lessee
hereinafter reserved and contained the Lessor HEREBY
DEMISES unto the Lessee ALL THAT piece of
parcel of land Together with the building erected thereon or on
some part thereof known as Watermans Park High Street Brentford in
the London Borough or Hounslow shown coloured brown and red on the
plans but excluding the River Wall shown coloured green on the
drawing numbered 994/101/B TOGETHER WITH the rights
specified in the First Schedule hereto EXCEPT AND
RESERVING the rights and matters specified in the Second
Schedule hereto TO HOLD the same unto the Lessee for
a term of TWENTY FIVE YEARS from and including the
twenty fourth day of June One thousand nine hundred and eight-five
until the twenty third day of June One thousand nine hundred and
ninety the yearly rent of THREE HUNDREN AND FIVE THOUSAND
POUNDS (£305,000.00) and thereafter such yearly rent
as shall become payable under the Third Schedule hereto such rent
to be paid in advance on the usual quarter days by equal quarterly
installments without any deduction (except for such tax as the
Lessee may be authorised by law to deduct) the first such payment
in respect of the period from the twenty fourth day of
June 1985 until the twenty eighth day of September 1985
to be made on the execution of these presents AND
SECONDLY by way of further rent a sum or sums equal to the
cost and the expenses incurred or paid by the Lessor in or
incidental to the Lessor complying with its insurance obligations
or rights hereinafter contained such further rent to be paid to the
Lessor on demand
3.01 THE LESSEE
HEREBY COVENANTS with the Lessor to the intent that its obligations
hereinafter contained shall continue throughout the terms as
follows:-
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3.02 TO pay the
said respective rents including any further rent payable hereunder
at the times and in the manner aforesaid
3.03 To pay
interest to the Lessor on any rent or other sums of money [payable
by the Lessee to the Lessor under these presents is the same shall
not have been received by the Lessor within 14 days of the
same becoming payable and in such event interest shall be
calculated on a day to day basis for the period from the date upon
which such money became payable until the date of receipt of
payment by the Lessor and the aggregate amount for the time being
so payable shall as the option of the Lessor be recoverable by
action or as rent in arrear PROVIDED that nothing in this
sub-clause contained shall entitle the Lessee to withhold or delay
any payment of rent or other sums of money after the date upon
which it first falls due or in any way prejudice affect or derogate
fro the rights of the Lessor under proviso for re-entry hereinafter
contained
3.04 TO bear
any discharge and at all times to keep the Lessor fully indemnified
from and against all liability in respect of all rates taxes duties
charges assessments impositions and outgoings whatsoever (whether
parliamentary parochial local or otherwise) which now are ort may
at any time hereafter during the term be charged levied assessed or
imposed upon the demised premises or upon the owner or occupier in
respect thereof and without prejudice to the generality of the
foregoing to pay any tax levy duty charge or imposition whatsoever
arising as a result of the sale transfer underletting or other
disposition or the deemed sale transfer underletting or other
deemed disposition of the demised premises or any part thereof by
the Lessee or any person under its control or any person deriving
title under or through the Lessee
Maintain
lift boiler and air conditioning plant
3.05 TO keep
all lighting heating ventilation air conditioning and drainage
plant installations hot and cold water and sanitary systems lifts
and fire equipment (including electrical wiring gas oil and other
necessary pipes) and all machinery and apparatus
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used in
connection therewith as may from time to time be in the demised
premises in good and safe working order repair and condition
(damage by the Insured Risks excepted unless the policy or policies
of insurance effected by the Lessor shall have been rendered void
or payment of the insurance monies thereunder be refused in whole
or in part by reason of or arising out of any act omission neglect
or default by or on the part of the Lessee or any sub-lessee or any
person under the control of the Lessee or any sub-lessee) and from
time to time to replace the same or any of them by suitable
articles or equipment of similar and modern kind and equal value to
the reasonable satisfaction of the Lessor or its
Surveyors
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(a)
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To pay and
contribute one half of all expenses or repairing rebuilding
renewing redecorating scouring cleansing maintaining lighting where
applicable and insuring the common parts together with one half of
the amount of all rates taxes duties charges assessments levies
impositions and outgoings whether parliamentary parochial local or
of any other description which are now or may at any time hereafter
be taxed assessed charged levied or imposed upon or payable in
respect of the common parts
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(b)
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To pay the
reasonable and proper fees of any managing agents appointed by the
Lessor for the management of the demised premises.
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3.07 AS often
as may be necessary well and substantially to repair renew or
rebuild maintain decorate and clean and at all times to put and
keep in good and substantial repair and condition the demised
premises (damage by the Insured Risks excepted unless the policy or
policies of insurance effected by the Lessor shall have been
rendered void or payment of the insurance monies thereunder be
refused in whole or in part by reason of or arising out of any act
omission neglect or default by or on the part of the Lessee or any
sub-lessee or any person under the control of the Lessee or any
sub-lessee)
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3.08 In every
third year of the term and also during the last year thereof
(howsoever the same may be determined) to paint in a proper and
workmanlike manner with two coats at least of good quality paint of
a colour which if different from the present colour shall be
previously approved in writing by the Lessor or its surveyor (such
approval not to be unreasonably withheld or delayed) all outside
parts of the demised premises usually painted or which ought to be
painted including stucco word and with every such outside painting
to polish all outside parts of the woodwork usually polished and
from time to time as the Lessor shall reasonably consider necessary
to clean the brickwork and stonework and to restore point and make
good the brickwork stucco and stonework where necessary and
generally to carry out all such works with good quality materials
of their several kinds available and in good and workmanlike
manner
3.09 IN the
fifth year of the term and thereafter once in every five years of
the term and also during the last three months thereof (howsoever
the same may be determined) to paint with two coats at least of
good quality paint and in respect of the painting during the last
three months of a colour to be previously approved in writing by
the Lessor or its surveyor (such approval not to be unreasonably
withheld or delayed) and well and sufficiently to grain varnish
paper plaster whiten and emulsion all the interior part of the
demised premises as are usually or which ought to be grained
varnished papered plastered whitened and emulsioned and generally
to redecorate throughout restoring and making good the demised
premises and to carry out all work required by this Clause with
good quality materials of their several kinds available and in a
good and workmanlike manner
3.10 At all
times during the term to insure and keep insured in the joint names
of the Lessor and the Lessee (such approval not to be unreasonably
withheld or delayed) any plate glass in the demised premises
against loss damage or destruction
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for the full
replacement value thereof and to pay all premiums necessary for
that purpose and whenever required to produce to the Lessor or its
agent the policy of insurance and the receipt for the current
year’s premium and to cause all money received by virtue of
such insurance to be forthwith laid out of its own monies Provided
Always that if the Lessee shall at any time fail to keep such
insurance or fail to produce the policy or last receipt as
aforesaid then the Lessor may (but shall be under no obligation to
do so) effect and maintain such insurance and any monies expended
by the Lessor for that purpose shall be recoverable from the Lessee
on demand
3.11 To permit
the Lessor and its agents and all others reasonably authorized by
the Lessor with or without workmen to enter upon the demised
premises at all reasonable times during the term on giving at least
forty-eight hours previous written notice (except in emergency) to
inspect the same and ascertain how the same are being used and
occupied or to estimate the current value thereof for insurance or
mortgage or for the purpose of ascertaining the rent of the demised
premises or other such purposes and to view the state of repair and
condition thereof and to take a Schedule of the Lessor’s
fixtures and of any dilapidations and to exercise the rights
hereinafter excepted and reserved
3.12 WELL and
substantially to made good all defects and wants of reparation of
which notice in writing shall be give to or left on the demised
premises for the Lessee by the Lessor and for which the Lessee is
liable hereunder within two calendar months or as soon as
reasonably practicable after the giving or leaving of such notice
or sooner if requisite but to commence to make good the same within
one month after the giving or leaving of such notice or soon if
requisite and if the Lessee fails to comply with any such notice it
shall be lawful (but not obligatory) for the Lessor (without
prejudice to the right of re-entry hereinafter contained) to enter
upon the demised premise to make good the same at the cost of the
Lessee which cost shall be repaid by the Lessee to the Lessor on
demand together with all solicitors’ and surveyors’
reasonable charges and other expenses which may be incurred by the
Lessor in connection therewith together with interest thereon in
each case from the date of payment by the Lessor
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3.13 TO permit
the Lessor and its agents at all reasonable times with or without
workmen on giving at least forty-eight hours previous notice
(except in the case of emergency) to the Lessee where practicable
to enter and remain upon the demised premises for the purpose of
executing repairs and alterations to adjoining premises such
persons causing as little damage and disturbance as possible and
forthwith making good all damage done thereby to the demised
premises
3.14 NOT to
bring or permit to be brought into the demised premises or to place
or store or permit to be placed or stored or to remain in or about
the demised premises any article or thing which is dangerous
combustible inflammable radio-active toxic corrosive or explosive
PROVIDED THAT the Lessee is permitted to keep cosmetic preparations
and photographic materials in the demised premises and not to carry
on or do or permit to be carried on or done thereon any hazardous
trade or act in consequence of which the Lessor would or might be
prevented from insuring the demised premises or any adjoining
property for the time being owned by the Lessor at the ordinary
rate of premium or whereby any insurance effected in respect of any
such property would or might be vitiated or prejudiced and not
without the written consent of the Lessor to do or allow to be done
anything whereby any additional premium may become payable for the
insurance of the demised premise or any such adjoining property and
then not unless the Lessee shall be willing to bear all extra
insurance premiums thereby occasioned and to comply at all times
during the term with all conditions and recommendations which may
be imposed or made by the insurers with whom the Lessor effects the
insurance of the demised premise Provided that the Lessor shall
supply to the Lessee upon request a copy of or extract from any
relevant insurance policy and of all endorsements thereon relative
to the demised premises
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3.15
(a) NOT to suspend any weight from the roof or ceilings or
roof or ceiling members of the demised premises which is likely to
cause damage to the demised premises not to place or keep or permit
to be placed or kept in the demised premises any heavy articles or
machinery in such position or in such quantity or weight or
otherwise in such manner howsoever as to exceed the load bearing
capabilities of the floors or structure of the demised premises and
no to do or cause to be done any act which would cause loadings
upon or the stability of any neighbouring property or building to
be adversely affected
(b) NOT to
place or permit to be placed or permit to remain any goods parcels
refuse or rubbish in or about the common parts staircase lifts
corridor landings passages entrances forecourts service and car
park areas or courtyards of or within the cartilage of the demised
premises or otherwise obstruct or permit the obstruction of the
same and not to convey or permit to be conveyed any goods or
parcels in the passenger lifts of the demised premises which are
likely to exceed their load bearing capabilities
3.16
(a) NOT to carry on use or permit the demised premises to be
used for any noisy noisome offensive or dangerous trade manufacture
business or occupation nor for any illegal or immoral purpose nor
do or suffer to be done on the demised premises any act matter or
thing whatsoever which may be or tend to become an annoyance
nuisance damage disturbance or inconvenience to the prejudice of
the Lessor or to the adjoining or neighbouring premises or to the
owners or occupiers thereof or any of them or which may render the
Lessor or the Lessee liable to any notice under any Public Health
Act for time time being in force or for any purpose or in any way
which would constitute a breach of any of the provisions of any
private or public Act or Acts of Parliament for the time being in
force or any regulations or by-laws made by any competent public or
local authority
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(b) NOT to
permit any sale by auction or public exhibition or public show or
spectacle or political meeting to take place on the demised
premises
3.17 NOT to use
or occupy or permit the demised premises to be used or occupied
otherwise than for office purposes and for car parking Provided
always and the Lessee hereby acknowledges and admits that
notwithstanding the foregoing provisions as to the user of the
demised premises the Lessor or its agents do not thereby or in any
other way give or make or have given or made at any other time any
representation or warranty that any such use is or will be or will
remain a permitted use within the provisions of the Planning Acts
nor shall any consent in writing which the Lessor may hereafter
give to any change of use be taken as including any such
representation or warranty and that notwithstanding that any such
use as aforesaid is not a permitted use within such provisions as
aforesaid the Lessee shall remain fully bound and liable to the
Lessor in respect of the obligation undertaken by the Lessee by
virtue of these presents without any compensation recompense or
relief of any kinds whatsoever
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(a)
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NOT to overload
the electricity wiring or cables and not to make any alterations or
additions to the electrical installation air conditioning apparatus
wiring plumbing drainage heating water and other pipes or other
services of the demised premises without the prior consent in
writing of the Lessor (such consent not to be unreasonably withheld
or delayed) and then such alterations are to be in accordance with
the terms and conditions laid down by the appropriate Institute or
other body if any as the case may be
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(b)
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NOT to make any
structural alteration or addition whatsoever in or to the demised
premises or any part thereof or change the existing design
elevation or appearance or the external decorative scheme thereof
or cut maim or remove any of the walls horizontal or vertical beams
columns or other parts thereof
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(c)
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NOT to make any
alterations or additions to or remove any internal partitions which
are Lessors fixtures and fittings of a non-load bearing nature
without the prior consent in writing of the Lessor such consent not
to be unreasonably withheld or delayed so that for the avoidance of
doubt consent is not required in respect to any alterations or
additions to or for the removal of any internal partitioning of a
non-structural nature which are not Lessors fixtures and
fittings
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(d)
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UPON making any
applications to the Lessor pursuant to the provisions of this
Clause the Lessee shall submit to the Lessor at least four copies
of the plans and specifications in respect of such works and shall
if required supply such further copies as the Lessor may reasonably
require
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(e)
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TO remedy
immediately upon notice in writing from the Lessor’s agents
any breach of the covenants in this Clause 3.18 and in the event of
failure so to do for the space of fourteen days after such notice
then it shall be lawful for the Lessor or its servants contractors
agents and workmen to enter upon the demised premises and remove
such new building structures alterations additions or interferences
and execute such other requisite works all expenses of so doing to
be paid to the Lessor by the Lessee as a liquidated debt on
demand
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(f)
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IF the Lessor
shall so require at the expiration of the term (howsoever the same
is determined) to procure that the demised premises are reinstated
to the same state and condition in which they are at the ate of
grant of these presents and were before the carrying out of any
alterations additions or works to the demised premises such
reinstatement and all workings connection therewith to be carried
out with good quality materials and in a workmanlike manner to the
satisfaction in all respects an d under the supervision of the
Lessor’ Surveyor.
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3.19 NOT by
building or otherwise to stop up or darken any window or light in
the demised premises nor to stop up or obstruct any access of light
enjoyed to any premises the estate or interest whereof in
possession in reversion now is or hereafter may be in
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the Lessor or
in any person in trust for it nor the permit any new wayleave
easement right privilege or encroachment shall be made or attempted
to be made to give immediate notice thereof to the Lessor and to
permit the Lessor and its agents to enter upon the demised premises
on giving at least forty-eight hours previous written notice to the
Lessee for the purpose of ascertaining the nature of any such
wayleave easement right privilege or encroachment and at the
request of the Lessor but at the cost of the Lessee to adopt such
means as may be reasonably required or deemed proper for preventing
any such encroachment or the acquisition of any such wayleave
easement right privilege or encroachment
3.20 NOT to
give to any third party any acknowledgement that the Lessee enjoy
the access of light to any of the windows or openings in the
demised premises by the consent of such third party nor to pay to
such third party any sum of money nor to enter into any agreement
with such third party for the purpose of inducing or binding such
third party to abstain from obstructing the access of light to any
windows or openings and in the event of any of the owners or
occupiers of adjacent land or buildings doing anything which
obstructs the access of light to any of the said windows or
openings to notify the same forthwith upon discovery to the Lessor
and to permit the Lessor to bring such proceedings as it may think
fit in the name of the Lessee but at the joint cost of the Lessor
and the Lessee against any of the owners and/or occupiers of the
adjacent land in respect of the obstruction of the access of light
to any of the windows or openings in the demised
premises
3.21 NOT at any
time during the term to bring any action or make any claim or
demand on account of any injury to or diminution of light or air to
the demised premises or any window or apertures thereof in
consequence of the erection of any building or the alteration of
any building on any land adjacent neighbouring or opposite to the
demised premises for which the Lessor shall have given its consent
or for which the Lessor may
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give its
consent pursuant to any power reserved by these presents or in
respect of any easement right or privilege granted or to be granted
by the Lessor for the benefit of any building erected or to be
erected on any land adjacent neighbouring or opposite to the
demised premises and (if required) to concur with the Lessor at the
Lessee’s expense in any consent which it ay give or any grant
which it may make as hereinbefore mention
3.22 NOT at any
time during the term to erect paint affix exhibit or display or
permit to be erected painted affixed exhibited or displayed any
bill placard advertisement inscription or other sign whatsoever in
or upon the demised premises (including the windows thereof) other
than as shall previously have been approved in writing by the
Lessor such approval not to be unreasonably withheld PROVIDED
THAT the Lessee can without such approval erect and display a
board upon the demised premises in connection with the letting of
the whole or parts of the demised premises
3.23
(a) AT all times during the term to keep the demised premises
in clean and tidy condition and clear of all rubbish and to clean
at least once every month the inside an outside of the windows of
the demised premises and all surfaces usually cleaned
(b) AT all
times during the term to keep and maintain all landscaped areas
comprised in the demised premises in a good and tidy condition and
properly planted and cultivated to the reasonable satisfaction of
the Lessor
3.24
(a) TO pay all reasonable and prope
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