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Document Preview Agreement of Lease |
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Title: |
Agreement of Lease |
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Entities: |
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Date: |
2005 |
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Size: |
Preview shows 12KB of 142KB total |
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Price: |
$43 |
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ID: |
#1161157 |
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AGREEMENT OF LEASE
FOR AND IN CONSIDERATION of the mutual covenants herein contained, as of this 30th day of June, 2005, the parties hereto do hereby agree as follows:
1. Incorporated Terms. The following terms are incorporated by reference into this Agreement of Lease (this Lease):
(a) NAME AND ADDRESS OF LANDLORD:
1005 VIRGINIA ASSOCIATES, L.P.
c/o First Evergreen
101 Eisenhower Parkway
Roseland, New Jersey 07068
(b) NAME AND ADDRESS OF TENANT:
KULICKE AND SOFFA INDUSTRIES, INC.
2101 Blair Mill Road
Willow Grove, Pennsylvania 19090
(c) DESCRIPTION OF PREMISES:
The entire building known as 485 Delaware Avenue a/k/a 1005 Virginia Drive, Fort Washington, Pennsylvania.
(d) AREA OF PREMISES:
For the purposes of this Lease, the content of the Premises is deemed to be 88,000 rentable square feet.
(e) TERM OF LEASE:
| Subject to Section 3, the Term shall be twelve (12) lease years (as hereinafter defined in Section 3), commencing as set forth in Section 3 and expiring twelve (12) lease years thereafter. |
(f) PERMITTED USE:
| The Tenant named herein, and any assignee or sublessee pursuant to a Permitted Transfer (as hereinafter defined in Section 18(a)), shall have the right to use the Premises for any lawful purpose, including but not limited to, general office and administrative, light industrial, and other uses ancillary thereto. Any other assignee or sublessee shall only have the right to use the Premises for general office and administrative, light industrial, and other uses ancillary thereto, provided that the square footage of the listed non-office uses, in the aggregate, does not exceed the square footage thereof that exists upon Tenants completion of the Initial Work (as defined in the Initial Work Rider). |
(g) SECURITY DEPOSIT:
See Section 33
(h) TENANTS SHARE:
100%
(i) BASE EXPENSE YEAR:
Calendar year 2006
(j) BASE TAX YEAR:
Calendar year 2006
(k) BROKER:
| Collectively, Binswanger and Tactix Advisory Services, Inc.; commission to be paid by Landlord pursuant to a separate agreement between Broker and Landlord. |
(l) RIDERS TO LEASE:
Initial Work Rider
Annual Rent Rider
Extension Options Rider
Rules and Regulations Rider
(m) LANDLORDS CONTRIBUTION:
As defined in the Initial Work Rider
2. Description of Premises; Property Rights. (a) Landlord hereby leases to Tenant, and Tenant hereby leases from Landlord, the building (the Building) described in Section 1(c) (the Premises) (the Building, the land upon which the Building is located and the other improvements located on the land are hereinafter collectively called the Property). A site plan of the Property is attached hereto as Exhibit A and made a part hereof. Tenant shall have access to the Property from the Delivery Date until the Expiration Date or earlier termination of the Term of this Lease, twenty-four (24) hours a day, seven (7) days a week.
(b) The parties acknowledge that there are multiple methods of computing rentable area and hereby agree for the purposes of this Lease that the rentable area of the Premises and the Building is the number of square feet set forth in Section 1(d).
(c) Landlord shall have no obligation to do any work in and to the Premises or the Building to render them ready for Tenants initial occupancy, other than as described in Section 3(a) below. Tenant has inspected the Premises and agrees to take the Premises in as is condition, except as otherwise expressly provided herein.
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