EXHIBIT
10.1
HIGHWOODS REALTY
LIMITED PARTNERSHIP
OFFICE
LEASE
TABLE OF
CONTENTS
Section 1:
Basic Definitions and
Provisions
a.
Premises
b.
Term
c.
Permitted Use
d.
Occupancy
Limitation
e.
Base Rent
f.
Rent Payment
Address
g.
Security
Deposit
h.
Business
Hours
i.
Electrical
Service
j.
After Hours HVAC
Rate
k.
Parking
l.
Notice
Addresses
m.
Broker
Section 2:
Leased
Premises
a.
Premises
b.
Rentable Square Foot
Determination
c.
Common Areas
Section 3:
Term
a.
Commencement and
Expiration Dates
b.
Adjustments to
Commencement Date
c.
Termination by Tenant
for Failure to Deliver Possession
d.
Delivery of
Possession
e.
Adjustment of Expiration
Date
f.
Right to
Occupy
g.
Commencement
Agreement
Section 4:
Use
a.
Permitted Use
b.
Prohibited
Uses
c.
Prohibited Equipment in
Premises
Section 5:
Rent
a.
Payment
Obligations
b.
Base Rent
c.
Additional
Rent
Section 6:
Security
Deposit
a.
Amount of
Deposit
b.
Application of
Deposit
c.
Refund of
Deposit
Section 7:
Services by
Landlord
a.
Base Services
b.
Landlord's
Maintenance
c.
No Abatement
d.
Tenant's Obligation to
Report Defects
e.
Limitation on Landlord's
Liability
Section 8:
Tenant's Acceptance
and Maintenance of Premises
a.
Acceptance of
Premises
b.
Move-in
Obligations
c.
Tenant's
Maintenance
d.
Alterations to
Premises
e.
Restoration of
Premises
f.
Landlord's Performance
of Tenant's Obligations
g.
Construction
Liens
h.
Communications
Compliance
Section 9:
Property of
Tenant
a.
Property
Taxes
b.
Removal
Section 10:
Signs
Section 11:
Access to
Premises
a.
Tenant's
Access
b.
Landlord's
Access
c.
Emergency
Access
Section 12:
Tenant's
Compliance
a.
Laws
b.
Rules and
Regulations
Section 13:
ADA
Compliance
a.
Tenant's
Compliance
b.
Landlord's
Compliance
c.
ADA Notices
Section 14:
Insurance
Requirements
a.
Tenant's Liability
Insurance
b.
Tenant's Property
Insurance
c.
Certificates of
Insurance
d.
Insurance Policy
Requirements
e.
Landlord's Property
Insurance
f.
Mutual Waiver of
Subrogation
Section 15:
Indemnity
a.
Indemnity
b.
Defense
Obligation
Section 16:
Quiet
Enjoyment
Section 17:
Subordination;
Attornment; Non-Disturbance; and Estoppel
Certificate
a.
Subordination and
Attornment
b.
Non-Disturbance
c.
Estoppel
Certificates
Section 18:
Assignment -
Sublease
a.
Landlord
Consent
b.
Definition of
Assignment
c.
Permitted
Assignments/Subleases
d.
Notice to
Landlord
e.
Prohibited
Assignments/Sublease
f.
Limitation on Rights of
Assignee/Sublessee
g.
Tenant Not
Released
h.
Landlord's Right to
Collect Sublease Rents Upon Tenant Default
i.
Excess Rents
j.
Landlord's
Fees
k.
Unauthorized Assignment
or Sublease
Section 19:
Damages to
Premises
a.
Landlord's Restoration
Obligations
b.
Termination of Lease by
Landlord
c.
Termination of Lease by
Tenant
d.
Tenant's Restoration
Obligations
e.
Rent
Abatement
f.
Waiver of
Claims
Section 20:
Eminent
Domain
a.
Effect on
Lease
b.
Right to Condemnation
Award
Section 21:
Environmental
Compliance
a.
Environmental
Laws
b.
Tenant's
Responsibility
c.
Tenant's
Liability
d.
Limitation on Tenant's
Liability
e.
Inspections by
Landlord
f.
Landlord's
Liability
g.
Property
h.
Tenant's Liability after
Termination of Lease
Section 22:
Default
a.
Tenant's
Default
b.
Landlord's
Remedies
c.
Landlord's
Expenses
d.
Remedies
Cumulative
e.
No Accord and
Satisfaction
f.
No
Reinstatement
g.
Summary
Ejectment
Section 23:
Multiple
Defaults
a.
Loss of Option
Rights
b.
Increased Security
Deposit
c.
Effect on Notice Rights
and Cure Periods
Section 24:
Bankruptcy
a.
Trustee's
Rights
b.
Adequate
Assurance
c.
Assumption of Lease
Obligations
Section 25:
Notices
a.
Addresses
b.
Form; Delivery;
Receipt
c.
Address
Changes
d.
Notice by Legal
Counsel
Section 26:
Holding
Over
Section 27:
Right to
Relocate
a.
Substitute
Premises
b.
Notice
c.
Upfit of Substitute
Premises
d.
Relocation
Costs
e.
Lease Terms
f.
Limitation on Landlord's
Liability
Section 28:
Broker's
Commissions
a.
Broker
b.
Landlord's
Obligation
c.
Indemnity
Section 29:
Miscellaneous
a.
No Agency
b.
Force Majeure
c.
Building Standard
Improvements
d.
Limitation on
Damages
e.
Satisfaction of
Judgments Against Landlord
f.
Interest
g.
Legal Costs
h.
Sale of Premises or
Building
i.
Time of the
Essence
j.
Transfer of Security
Deposit
k.
Tender of
Premises
l.
Tenant's Financial
Statements
m.
Recordation
n.
Partial
Invalidity
o.
Binding
Effect
p.
Entire
Agreement
q.
Good Standing
r.
Terminology
s.
Headings
t.
Choice of Law
u.
Effective
Date
Section 30:
Special
Conditions
Section 31:
Addenda and
Exhibits
a.
Lease Addendum Number
One - Operating Expense Pass Through
b.
Exhibit A -
Premises
c.
Exhibit B - Rules and
Regulations
d.
Exhibit C - Commencement
Agreement
e.
Exhibit D - Insurance
Certificate
State of North
Carolina:
County of
Wake:
OFFICE
LEASE
THIS LEASE
("Lease"), made this
2 nd day of December, 2005, by and between
HIGHWOODS REALTY LIMITED PARTNERSHIP , a North Carolina
limited partnership, ("Landlord") and METROPOLITAN RESEARCH
STAFFING ASSOCIATES, LLC , a New York limited liability
company, ("Tenant"), provides as follows:
1.
BASIC
DEFINITIONS AND PROVISIONS . The following basic
definitions and provisions apply to this Lease:
a.
Premises.
Rentable Square Feet:
2,003
Usable Square Feet:
1,788
Core Area Factor (R/U
ratio):
1.12
Suite:
100
Building:
Six Forks II
Street
Address:
4700 Homewood
Court
City/County:
Raleigh/Wake
State/Zip
Code:
North
Carolina/27609
b.
Term.
Number of
Months:
Twenty-Four
Commencement
Date:
June 1, 2006
Expiration
Date:
May 31, 2008
c.
Permitted
Use.
general office in
conjunction with Tenant's clinical trial consulting and staffing
firm
d.
Occupancy
Limitation.
No more than four
persons per one thousand (1,000) rentable square feet.
e.
Base Rent. The minimum
base rent for the Term is $65,057.52, payable in monthly
installments on the 1st day of each month in accordance with the
following Base Rent Schedule:
|
|
|
|
|
MONTHS
|
MONTHLY RENT
|
CUMULATIVE RENT
|
|
01-12
|
$2,670.67
|
$32,048.04
|
|
13-24
|
$2,750.79
|
$33,009.48
|
|
BASE
RENT:
|
$65.057.52
|
f.
Rent Payment Address.
HIGHWOODS REALTY LIMITED
PARTNERSHIP
P.O. Box 409412 Atlanta,
Georgia 30384
Tax 10 #:
56-1869557
g.
Security
Deposit.
$2,670.67
h.
Business
Hours.
8:00 A.M. to 6:00 P.M.
Monday through Friday
(excluding National and
State Holidays).
i.
Electrical
Service.
Electrical circuits for
convenience outlets serving the Premises as exist as of the
Commencement Date.
j.
After Hours HVAC
Rate.
$35.00 per hour, per
zone, with a minimum of two (2) hours per occurrence.
k.
Parking.
Unreserved; not to
exceed four spaces per 1000 rentable square feet.
l.
Notice
Addresses.
LANDLORD:
HIGHWOODS REALTY LIMITED
PARTNERSHIP
c/o Highwoods
Properties, Inc.
3100 Smoketree Court,
Suite 600
Raleigh, North Carolina
27604
Attn: Manager, Lease
Administration
Facsimile#:
919/876-2448
TENANT:
METROPOLITAN RESEARCH
STAFFING ASSOCIATES
4700 Homewood
Court,
Suite 100
Raleigh, North Carolina
27609
Attn: Stephanie
Britt
Facsimile#:
919/828-8810
m.
Broker.
Carolantic
Realty
2.
LEASED PREMISES.
a.
Premises. Landlord leases to Tenant and Tenant leases from
Landlord the Premises identified in Section 1a and as more
particularly shown on Exhibit A, attached hereto.
b.
Rentable Square Foot Determination. The parties acknowledge
that all square foot measurements are approximate and agree that
the square footage figures in Section 1a shall be conclusive
for all purposes with respect to this Lease.
c.
Common Areas. Tenant shall have non-exclusive access to the
common areas of the Building. The common areas generally include
space that is not included in portions of the building set aside
for leasing to tenants or reserved for Landlord's exclusive use,
including entrances, hallways, lobbies, elevators, restrooms,
walkways and plazas ("Common Areas"). Landlord has the exclusive
right to (i) designate the Common Areas, (ii) change the
designation of any Common Area and otherwise modify the Common
Areas, and (iii) permit special use of the Common Areas, including
temporary exclusive use for special occasions. Tenant shall not
interfere with the rights of others to use the Common Areas. All
use of the Common Areas shall be subject to any rules and
regulations promulgated by Landlord.
3.
TERM
a.
Commencement and Expiration Dates. The Lease
Term commences on the Commencement Date and expires on the
Expiration Date, as set forth in Section 1b.
b.
Adjustments to Commencement Date. The Commencement Date
shall be adjusted as follows:
i. If
Tenant requests possession of the Premises prior to the
Commencement Date, and Landlord consents, the Commencement Date
shall be the date of possession. All rent and other obligations
under this Lease shall begin on the date of possession, but the
Expiration Date shall remain the same.
ii. If
Landlord, for any reason, cannot deliver possession of the Premises
to Tenant on the Commencement Date, then the Commencement Date,
Expiration Date, and all other dates that may be affected by their
change, shall be revised to conform to the date of Landlord's
delivery of possession of the Premises to Tenant. Any such delay
shall not relieve Tenant of its obligations under this Lease, and
neither Landlord nor Landlord's agents shall be liable to Tenant
for any loss or damage resulting from the delay in delivery of
possession.
c.
Termination by Tenant for Failure to Deliver Possession . In
the event Landlord is unable to deliver possession of the Premises
within sixty (60) days after the original Commencement Date set
forth in the first sentence of this Section 3 (excluding any delays
resulting from force majeure or caused by Tenant -
"Excused
Delays"), then Tenant
may terminate this Lease by giving notice to Landlord within
seventy (70) days of the original Commencement Date (excluding
Excused Delays). Tenant may not terminate the Lease, however,
if it has taken possession of any part of the Premises.
d.
Delivery of Possession . Lease Addendum Number One,
"delivery of possession" of the Premises shall mean the earlier of:
(i) the date Landlord has the Premises ready for occupancy by
Tenant, or (ii) the date Landlord could have had the Premises ready
had there been no Delays attributable to Tenant.
e.
Adjustment of Expiration Date . If the Expiration Date does
not occur on the last day of a calendar month, then Landlord, at
its option, may extend the Term by the number of days necessary to
cause the Expiration Date to occur on the last day of the last
calendar month of the Term. Tenant shall pay Base Rent and
Additional Rent for such additional days at the same rate payable
for the portion of the last calendar month immediately preceding
such extension.
f.
Right to Occupy . Tenant shall not occupy the Premises until
Tenant has complied with all of the following requirements to the
extent applicable under the terms of this Lease: (i) delivery of
all certificates of insurance, (ii) payment of Security Deposit,
(iii) execution and delivery of any required Guaranty of Lease, and
(iv) if Tenant is an entity, receipt of a good standing certificate
from the State where it was organized and a certificate of
authority to do business in the State in which the Premises are
located (if different). Tenant's failure to comply with these (or
any other conditions precedent to occupancy under the terms of this
Lease) shall not delay the Commencement Date.
g.
Commencement Agreement . The Commencement Date, Term, and
Expiration Date may be set forth in a Commencement Agreement
similar to Exhibit C , attached hereto, to be prepared by
Landlord and executed by the parties.
4.
USE.
a.
Permitted Use . The Premises may be used only for general
office purposes in connection with Tenant's Permitted Use as
defined in Section 1c and in accordance with the Occupancy
Limitation as set forth in Section 1d.
b.
Prohibited Uses . Tenant shall not use the
Premises:
i.
In violation of any
restrictive covenants which apply to the Premises;
ii.
In any manner that
constitutes a nuisance or trespass;
iii.
In any manner which
increases any insurance premiums, or makes such insurance
unavailable to Landlord on the Building; provided that, in the
event of an increase in Landlord's insurance premiums which results
from Tenant's use of the Premises, Landlord may elect to permit the
use and charge Tenant for the increase in premiums, and Tenant's
failure to pay Landlord, on demand, the amount of such increase
shall be an event of default;
iv.
In any manner that
creates unusual demands for electricity, heating or air
conditioning; or
v.
For any purpose except
the Permitted Use, unless consented to by Landlord in
writing.
c.
Prohibited Equipment in Premises. Tenant shall not install
any equipment in the Premises that places unusual demands on the
electrical, heating or air conditioning systems ("High Demand
Equipment”) without Landlord's prior written consent.
No such consent will be given if Landlord determines, in its
opinion, that such equipment may not be safely used in the Premises
or that electrical service is not adequate to support the
equipment. Landlord's consent may be conditioned, without
limitation, upon separate metering of the High Demand Equipment and
Tenant's payment of all engineering, equipment, installation,
maintenance, removal and restoration costs and utility charges
associated with the High Demand Equipment and the separate meter.
If High Demand Equipment used in the Premises by Tenant
affect the temperature otherwise maintained by the heating and air
conditioning system, Landlord shall have the right to install
supplemental air conditioning units in the Premises with the cost
of engineering, installation, operation and maintenance of the
units to be paid by Tenant. All costs and expenses
relating to High Demand
Equipment and Landlord's administrative costs (such as reading
meters and calculating invoices) shall be Additional Rent, payable
by Tenant upon demand. If Tenant installs a supplemental HVAC unit
in its Premises, the supplemental HVAC unit will be considered High
Demand Equipment, be separately metered with metered charges being
paid by Tenant, and both the meter and unit shall be maintained by
Tenant.
5.
RENT.
a.
Payment Obligation Tenant shall pay Base Rent and Additional
Rent (collectively, "Rent") on or before the first day of each
calendar month during the Term, as follows:
i.
Rent payments shall be
sent to the Rent Payment Address set forth in Section
1f.
ii.
Rent shall be paid
without previous demand or notice and without set off or deduction.
Tenant's obligation to pay Rent under this Lease is completely
separate and independent from any of Landlord's obligations under
this Lease.
iii.
If the Term commences on
a day other than the first day of a calendar month, then Rent for
such month shall be (i) prorated for the period between the
Commencement Date and the last day of the month in which the
Commencement Date falls, and (ii) due and payable on the
Commencement Date.
iv.
If Rent is not received
within five (5) days after the due date, Landlord shall be entitled
to an overdue payment charge in the amount of five percent (5%) of
the Rent due. In addition, if Rent is not received within fifteen
(15) days after the due date, Landlord shall be entitled to an
overdue payment charge in the amount of fifteen percent (15%) of
the Rent due.
v.
If Landlord presents
Tenant's check to any bank and Tenant has insufficient funds to pay
for such check, then Landlord shall be entitled to the maximum
lawful bad check fee or five percent (5%) of the amount of such
check, whichever amount is less.
b.
Base Rent . Tenant shall pay Base Rent as set forth in
Section 1e.
c.
Additional Rent. In addition to Base Rent, Tenant shall pay
as rent all sums and charges due and payable by Tenant under this
Lease ("Additional Rent"), including, but not limited to, the
following:
i.
Tenant's Proportionate
Share of the increase in Landlord's Operating Expenses as set forth
in Lease Addendum Number One;
ii.
Any sales or use tax
imposed on rents collected by Landlord or any tax on rents in lieu
of ad valorem taxes on the Building, even though laws imposing such
taxes attempt to require Landlord to pay the same; and
iii.
Any construction
supervision fees in connection with the construction of Tenant
Improvements or alterations to the Premises.
6.
SECURITY DEPOSIT.
a.
Amount of Deposit. Tenant shall deposit with Landlord a
Security Deposit in the amount set forth in Section 1g, which sum
Landlord shall retain as security for the performance by Tenant of
each of its obligations hereunder. The Security Deposit shall not
bear interest.
b
Application of Deposit . If Tenant at any time fails to
perform any of its obligations under this Lease, including its Rent
or other payment obligations, its restoration obligations, or its
insurance and indemnity obligations, then Landlord may, at its
option, apply the Security Deposit (or any portion) to cure
Tenant's default or to pay for damages caused by Tenant's default.
If the Lease has been terminated, then Landlord may apply the
Security Deposit (or any portion) against the damages incurred as a
consequence of Tenant's breach. The application of the Security
Deposit shall not limit Landlord's remedies for default under the
terms of this Lease. If Landlord
depletes the Security
Deposit, in whole or in part, prior to the Expiration Date or any
termination of this Lease, then Tenant shall restore immediately
the amount so used by Landlord.
c. R
efund of Deposit. Unless Landlord uses the Security Deposit
to cure a default of Tenant, to pay damages for Tenant's breach of
the Lease, or to restore the Premises to the condition to which
Tenant is required to leave the Premises upon the expiration or any
termination of the Lease, then Landlord shall, within thirty (30)
days after the Expiration Date or any termination of this Lease or
as soon thereafter as is reasonably possible, refund to Tenant any
funds remaining in the Security Deposit. Tenant may not credit the
Security Deposit against any month's Rent.
7.
SERVICES BY LANDLORD.
a.
Base Services . Landlord shall cause to be furnished to the
Building, or as applicable, the Premises, in common with other
tenants the following services:
i.
Water (if available from
city mains) for drinking, lavatory and toilet purposes.
ii.
Electricity (if
available from the utility supplier) for the building standard
fluorescent lighting and for the operation of general office
machines, such as electric typewriters, desk top computers,
dictating machines and calculators, and general service
non-production type office copy machines; provided that Landlord
shall have no obligation to provide more than the amount of power
for convenience outlets and the number of electrical circuits as
set forth in Section 1i.
iii.
Operatorless elevator
service.
iv.
Building standard
fluorescent lighting composed of 2' x 4' fixtures; Tenant shall
service, replace and maintain at its own expense any incandescent
fixtures, table lamps, or lighting other than the building standard
fluorescent light, and any dimmers or lighting controls other
than controls for the building standard fluorescent
lighting. Heating and air conditioning for the reasonably
comfortable use and occupancy of the Premises during Business Hours
as set forth in Section 1h; provided that, heating and cooling
conforming to any governmental regulation prescribing limitations
thereon shall be deemed to comply with this service.
vi.
After Business Hours,
weekend and holiday heating and air conditioning at the After Hours
HVAC rate set forth in Section 1j, with such charges subject to
commercially reasonable annual increases as determined by
Landlord.
vii.
Janitorial services five
(5) days a week (excluding National and State holidays) after
Business Hours.
viii.
A reasonable
pro-rata share of the unreserved parking spaces of the Building,
not to exceed the Parking specified in Section 1k, for use by
Tenant's employees and visitors in common with the other tenants
and their employees and visitors.
b.
Landlord's Maintenance . Landlord shall make all repairs and
replacements to the Building (including Building fixtures and
equipment), Common Areas and Building Standard Improvements in the
Premises, except for repairs and replacements that Tenant must make
under Section 8. Landlord's maintenance shall include the roof,
foundation, exterior walls, interior structural walls, all
structural components, and all Building systems, such as
mechanical, electrical, HVAC, and plumbing. Repairs or replacements
shall be made within a reasonable time (depending on the Landlord
having actual knowledge of the need for a repair or
replacement.
c.
No Abatement. There shall be no abatement or reduction of
Rent by reason of any of the foregoing services not being
continuously provided to Tenant. Landlord shall have the
right to shut down the Building systems (including electricity and
HVAC systems) for required maintenance and safety inspections, and
in cases of emergency.
d.
Tenant's Obligation to Report Defects . Tenant shall report
to Landlord immediately any defective condition in or about the
Premises known to Tenant and if such defect is not so reported and
such failure to promptly report results in other damage, Tenant
shall be liable for same.
e.
Limitation on Landlord's Liability . Landlord shall not be
liable to Tenant for any damage caused to Tenant and its property
due to the Building or any part or appurtenance thereof being
improperly constructed or being or becoming out of repair, or
arising from the leaking of gas, water, sewer or steam pipes, or
from problems with electrical service.
8.
TENANT'S ACCEPTANCE AND MAINTENANCE OF PREMISES
a.
Acceptance of Premises . Tenant's occupancy of
the Premises is Tenant's representation to
Landlord that (i) Tenant has examined and inspected the Premises,
(ii) finds the Premises to be as represented by Landlord and
satisfactory for Tenant's intended use, and (iii) constitutes
Tenant's acceptance of the Premises ''as is". Landlord makes no
representation or warranty as to the condition of the
Premises.
b.
Move-In Obligations . Tenant shall schedule its move-in with
the Landlord's Property Manager. Unless otherwise approved by
Landlord's Property Manager, move-in shall not take place during
Business Hours. During Tenant's move-in, a representative of Tenant
must be on-site with Tenant's moving company to insure proper
treatment of the Building and the Premises. Elevators, entrances,
hallways and other Common Areas must remain in use for the general
public during business hours. Any specialized use of elevators or
other Common Areas must be coordinated with Landlord's Property
Manager. Tenant must properly dispose of all packing material and
refuse in accordance with the Rules and Regulations. Any damage or
destruction to the Building or the Premises due to moving will be
the sole responsibility of Tenant.
c.
Tenant's Maintenance. Tenant shall: (i) keep the Premises
and fixtures in good order; (ii) make repairs and replacements to
the Premises or Building needed because of Tenant's misuse or
negligence; (iii) repair and replace Non-Standard Improvements,
including any special equipment or decorative treatments, installed
by or at Tenant's request that serve the Premises (unless the Lease
is ended because of casualty loss or condemnation); and (iv) not
commit waste. Tenant shall also be solely responsible for
maintaining the following items, if installed in the Premises: (i)
ice machines; (ii) sump pumps; (iii) refrigerators; (iv)
dishwashers; (v) garbage disposals; (vi) coffee machines and
microwaves; (v) sinks and faucets; (vi) water filter and
purification systems; (vii) all kitchen drain lines; (viii)
executive restrooms; (ix) Simplex (or key pad) locks; (x) security
access systems or alarm systems; (xi) Tenant specific hot water
heaters; and (xii) showers and spas. Tenant shall maintain these
items in good working order.
d.
Alterations to Premises . Tenant shall make no structural or
interior alterations to the Premises. If Tenant requests such
alterations, then Tenant shall provide Landlord's Property Manager
with a complete set of construction drawings. If Landlord consents
to the alterations, then the Property Manager shall determine the
actual cost of the work to be done (to include a construction
supervision fee to be paid to Landlord in the amount of 10% of the
cost of the construction). Tenant may then either agree to pay
Landlord to have the work done or withdraw its request for
alterations. All such alterations are subject to the prior written
approval of Landlord.
e.
Restoration of Premises . At the expiration or earlier
termination of this Lease, Tenant shall (i) deliver each and every
part of the Premises in good repair and condition, ordinary wear
and tear and damage by insured casualty excepted, and (ii) restore
the Premises at Tenant's sole expense to the same condition as
existed at the Commencement Date, ordinary wear and tear and damage
by insured casualty excepted. If Tenant has required or installed
Non-Standard Improvements, such improvements shall be removed as
part of Tenant's restoration obligation. Landlord, however, may
elect to require Tenant to leave any Non-Standard Improvements in
the Premises unless at the time of such Non-Standard Improvements
were installed, Landlord agreed in writing that Tenant could remove
such improvements. Tenant shall repair any damage caused by the
removal of any Non-Standard Improvements. "Non-Standard
Improvements" means such items as (i) High Demand Equipment and
separate meters, (ii) all wiring and cabling from the point of
origin to the termination point, (iii) raised floors for computer
or communications systems, (iv) telephone equipment, security
systems, and UPS systems, (iv) equipment racks, (v) alterations
installed by or at the request of Tenant after the Commencement
Date, and (vi) any other improvements that are not part of the
Building Standard Improvements.
f.
Landlord's Performance of Tenant's Obligations . If Tenant
does not perform its maintenance or restoration obligations in a
timely manner, commencing the same within five (5) days after
receipt of notice from Landlord specifying the work needed, and
thereafter diligently and continuously pursuing the work until
completion, then Landlord shall have the right, but not the
obligation, to perform such work. Any amounts expended by Landlord
on such maintenance or restoration shall be Additional Rent to be
paid by Tenant to Landlord within thirty (30) days after
demand.
g.
Construction Liens . Tenant shall have no power to do any
act or make any contract that may create or be the foundation of
any lien, mortgage or other encumbrance upon the reversionary or
other estate of Landlord, or any interest of Landlord in the
Premises. NO CONSTRUCTION LIENS OR OTHER LIENS FOR ANY LABOR,
SERVICES OR MATERIALS FURNISHED TO THE PREMISES SHALL ATTACH TO OR
AFFECT THE INTEREST OF LANDLORD IN AND TO THE PREMISES OR THE
BUILDING. Tenant shall keep the Premises and the Building free from
any liens arising out of any work performed, materials furnished,
or obligations incurred by or on behalf of Tenant. Should any lien
or claim of lien be filed against the Premises or the Building by
reason of any act or omission of Tenant or any of Tenant's agents,
employees, contractors or representatives, then Tenant shall cause
the same to be canceled and discharged of record by bond or
otherwise within ten (10) days after the filing thereof. Should
Tenant fail to discharge the lien within ten (10) days, then
Landlord may discharge the lien. The amount paid by Landlord to
discharge the lien (whether directly or by bond), plus all
administrative and legal costs incurred by Landlord, shall be
Additional Rent payable on demand. The remedies provided herein
shall be in addition to all other remedies available to Landlord
under this Lease or otherwise.
h.
Communications Compliance . Tenant acknowledges and agrees
that any and all telephone and telecommunication services desired
by Tenant shall be ordered and utilized at the sole expense of
Tenant. Unless Landlord requests otherwise or consents in writing,
all of Tenant's telecommunications equipment shall be located and
remain solely in the Premises. Landlord shall not have any
responsibility for the maintenance of Tenant's telecommunications
equipment, including wiring; nor for any wiring or other
infrastructure to which Tenant's telecommunications equipment may
be connected. Tenant agrees that, to the extent any
telecommunications service is interrupted, curtailed or
discontinued, Landlord shall have no obligation or liability with
respect thereto. Landlord shall have the right, upon reasonable
prior oral or written notice to Tenant, to interrupt or turn off
telecommunications facilities in the event of emergency or as
necessary in connection with repairs to the Building or
installation of telecommunications equipment for other tenants of
the Building. In the event that Tenant wishes at any time to
utilize the services of a telephone or telecommunications provider
whose equipment is not then servicing the Building, the provider
shall not be permitted to install its lines or other equipment
within the Building without first securing the prior written
approval of Landlord. Landlord's approval may be conditioned in
such a manner to as to protect Landlord's financial interests, the
interest of the Building, and the other tenants therein. The
refusal of Landlord to grant its approval to any prospective
telecommunications provider shall not be deemed a default or breach
by Landlord of its obligation under this Lease. The provision of
this paragraph may be enforced solely by Tenant and Landlord, are
not for the benefit of any other party, and specifically but
without limitation, no telephone or telecommunications provider
shall be deemed a third party beneficiary of this Lease. Tenant
shall not utilize any wireless communications equipment (other than
usual and customary cellular telephones), including antennae and
satellite receiver dishes, within the Premises or the Building,
without Landlord's prior written consent. Landlord's consent may be
conditioned in such a manner so as to protect Landlord's financial
interests, the interests of the Building, and the other tenants
therein. At Landlord's option, Tenant may be required to remove any
and all telecommunications equipment (including wireless equipment)
installed in the Premises or elsewhere in or on the Building by or
on behalf of Tenant, including wiring, or other facilities for
telecommunications transmittal prior to the expiration or
termination of the Lease and at Tenant's sole cost.
9.
PROPERTY OF TENANT.
a.
Property Taxes. Tenant shall pay when due all taxes levied
or assessed upon Tenant's equipment, fixtures, furniture, leasehold
improvements and personal property located in the
Premises.
b.
Removal. Provided Tenant is not in default, Tenant may
remove all fixtures and equipment which it has placed in the
Premises; provided, however, Tenant must repair all damages caused
by such removal. If Tenant does not remove its property from the
Premises upon the expiration or earlier termination (for whatever
cause) of this Lease, such property shall be deemed abandoned by
Tenant, and Landlord may dispose of the same in whatever manner
Landlord may elect without any liability to Tenant.
10.
SIGNS . Tenant may not erect, install or display any sign or
advertising material upon the exterior of the Building or Premises
(including any exterior doors, walls or windows) without the prior
written consent of Landlord, which consent may be withheld in
Landlord's sole discretion. Door and directory signage shall be
provided and installed by the Landlord in accordance with building
standards at Landlord's expense.
11.
ACCESS TO PREMISES.
a.
Tenant's Access. Tenant, its agents, employees, invitees,
and guests, shall have access to the Premises and reasonable
ingress and egress to common and public areas of the Building
twenty-four hours a day, seven days a week; provided,
however, Landlord by reasonable regulation may
control such access for the comfort, convenience, safety and
protection of all tenants in the Building, or as needed for making
repairs and alterations. Tenant shall be responsible for providing
access to the Premises to its agents, employees, invitees and
guests after business hours and on weekends and holidays, but in no
event shall Tenant's use of and access to the Premises during
non-business hours compromise the security of the
Building.
b.
Landlord's Access . Landlord shall have the right, at all
reasonable times arid upon reasonable oral notice, either itself or
through its authorized agents, to enter the Premises (i) to make
repairs, alterations or changes as Landlord deems necessary, (ii)
to inspect the Premises, mechanical systems and electrical devices,
and (iii) to show the Premises to prospective mortgagees and
purchasers. Within one hundred eighty (180) days prior to the
Expiration Date, Landlord shall have the right, either itself or
through its authorized agents, to enter the Premises at all
reasonable times to show prospective tenants.
c.
Emergency Access . Landlord shall have the right to enter
the Premises at any time without notice in the event of an
emergency.
12.
TENANT'S COMPLIANCE.
a.
Laws. Tenant shall comply with all applicable laws,
ordinances and regulations affecting the Premises, whether now
existing or hereafter enacted.
b.
Rules and Regulations. Tenant shall comply with the Rules
and Regulations attached as Exhibit B. The Rules and Regulations
may be modified from time to time by Landlord, effective as of the
date delivered to Tenant or posted on the Premises, provided such
rules are uniformly applicable to all tenants in the Building. Any
conflict between this Lease and the Rules and Regulations shall be
governed by the terms of this Lease.
13.
ADA COMPLIANCE.
a.
Tenant's Compliance . Tenant, at Tenant's sole expense,
shall comply with all laws, rules, orders, ordinances, directions,
regulations and requirements of federal, sta