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Document Preview Denver Place Plaza Tower Agreement of Lease Agreement of Lease |
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Title: |
Denver Place Plaza Tower Agreement of Lease Agreement of Lease |
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Entities: |
Prima Energy Corp.; Prima Energy Corp |
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Date: |
2001 |
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Size: |
Preview shows 11KB of 212KB total |
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Price: |
$83 |
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ID: |
#122232 |
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DENVER PLACE PLAZA TOWER
AGREEMENT OF LEASE
BETWEEN
DENVER-STELLAR ASSOCIATES LIMITED PARTNERSHIP,
LANDLORD
AND
PRIMA ENERGY CORPORATION,
TENANT
{PAGE} 2
DENVER PLACE PLAZA TOWER
AGREEMENT OF LEASE
BETWEEN
DENVER-STELLAR ASSOCIATES LIMITED PARTNERSHIP, LANDLORD
AND
PRIMA ENERGY CORPORATION, TENANT
TABLE OF CONTENTS
{TABLE}
{CAPTION}
Page
----
{S} {C} {C}
1. TERM ............................................................... 1
2. BASE RENT .......................................................... 1
3. COMPLETION OF IMPROVEMENTS ......................................... 2
4. ADDITIONAL RENT .................................................... 3
(a) Definitions..................................................... 3
(b) Payment of Additional Rent ..................................... 6
(c) Adjustment for Services Not Rendered ........................... 7
(d) Partial Year ................................................... 7
(e) Disputes ....................................................... 7
(f) Place of Payment ............................................... 7
(g) Tenant Taxes ................................................... 7
(h) Delay in Computation ........................................... 8
5. USE OF PREMISES ................................................... 8
6. CONDITION OF PREMISES ............................................. 8
7. SERVICES .......................................................... 9
(a) Standard Services ............................................. 9
(b) Additional Services ........................................... 10
(c) Interruption of Services ...................................... 12
8. ALTERATIONS ....................................................... 12
9. LIENS ............................................................. 13
10. INSURANCE AND WAIVER OF SUBROGATION ............................... 13
11. FIRE OR CASUALTY .................................................. 14
12. WAIVER OF CLAIMS - INDEMNIFICATION ................................ 14
13. NONWAIVER ......................................................... 15
14. CONDEMNATION ...................................................... 15
15. ASSIGNMENT AND SUBLETTING.......................................... 16
16. HOLDOVER .......................................................... 18
17. ESTOPPEL CERTIFICATE .............................................. 19
18. SUBORDINATION ..................................................... 19
19. CERTAIN RIGHTS RESERVED BY LANDLORD ............................... 20
{/TABLE}
-i-
{PAGE} 3
{TABLE}
{S} {C} {C}
20. RULES AND REGULATIONS ............................................. 21
21. REMEDIES .......................................................... 21
22. EXPENSES OF ENFORCEMENT ........................................... 23
23. COVENANT OF QUIET ENJOYMENT ....................................... 23
24. SECURITY DEPOSIT .................................................. 23
25. REAL ESTATE BROKER ................................................ 24
26. MISCELLANEOUS ..................................................... 24
(a) Rights Cumulative .......................................... 24
(b) Captions and Usage ......................................... 24
(c) Binding Effect ............................................. 24
(d) Lease Contains All Terms ................................... 25
(e) Submission of Lease ........................................ 25
(f) No Air Rights .............................................. 25
(g) Modification of Lease ...................................... 25
(h) Substitution of Other Premises ............................. 25
(i) Transfer of Landlord's Interest ............................ 26
(j) Recording; Short Form Memo ................................ 26
(k) Covenants and Conditions ................................... 26
(l) Application of Payments .................................... 26
(m) Security Interest .......................................... 26
(n) Governing Law; Partial Invalidity .......................... 26
(o) Hazardous Materials ........................................ 27
(p) Warranty Disclaimer ........................................ 27
(q) Waiver of Trial by Jury .................................... 27
(r) Force Majeure .............................................. 27
(s) List of Exhibits ........................................... 27
(t) Keys ....................................................... 28
(u) Landlord's Acknowledgment .................................. 28
27. TELEPHONE AND TELECOMMUNICATIONS SERVICE .......................... 28
28. NOTICES ........................................................... 29
29. TIME IS OF THE ESSENCE ............................................ 30
{/TABLE}
Addendum
Exhibit A - Diagram of Premises
Exhibit B - Rules and Regulations
Exhibit C - Lease Term Agreement
Exhibit D - Parking Agreement
Exhibit E - Janitorial Specifications
-ii-
{PAGE} 4
OFFICE LEASE
DENVER PLACE PLAZA TOWER
DENVER, COLORADO
AGREEMENT OF LEASE made as of the 31st day of October, 2000 (hereinafter
referred to as the "Lease") between DENVER-STELLAR ASSOCIATES LIMITED
PARTNERSHIP, a Delaware limited partnership (hereinafter referred to as
"Landlord") and PRIMA ENERGY CORPORATION, a Delaware corporation, whose present
address is 1801 Broadway, Suite 500, Denver, Colorado 80202 (hereinafter
referred to as "Tenant").
WITNESSETH:
Landlord hereby leases to Tenant, and Tenant hereby accepts from Landlord,
the premises (hereinafter referred to as the "Premises") containing
approximately 15,840 square feet of rentable area (consisting of the entire
rentable area of the 4th floor) and designated on the diagram attached hereto as
Exhibit "A" and further described as Suite 400 in the building known as Denver
Place Plaza Tower (hereinafter referred to as the "Building") located at 1099 -
18th Street, Denver, Colorado 80202, subject to the covenants, terms, provisions
and conditions of this Lease. The Building, the land upon which it is situated,
all surrounding improvements, any garage or other related improvements and all
common areas appurtenant to, associated with or servicing the Building are
hereinafter called the "Real Property" or the "Property".
In consideration thereof, Landlord and Tenant covenant and agree as
follows:
1. TERM. The term of this Lease (the "Term") shall commence on that date
(the "Commencement Date") which is the later of December 1, 2000 (the "Scheduled
Commencement Date") or the first date that the Premises are substantially
complete as certified by Lewis Himes Associates, Inc. or its successor (herein
"Landlord's Architect") and, unless sooner terminated or renewed as provided
herein, shall end, absolutely and without the need for notice from either party
on the date that is the last day of the eighty-fourth (84th) calendar month
following the Commencement Date (the "Termination Date"). After the Commencement
Date has occurred, Landlord and Tenant shall promptly execute and deliver to one
another a lease term agreement in substantially the same form and content as
Exhibit C (the "Lease Term Agreement") attached hereto prepared by Landlord
correctly indicating the Commencement Date and Termination Date.
2. BASE RENT. Except as modified by the Lease Term Agreement, the "Base
Rent" to be paid hereunder shall be as follows:
(a) From Commencement Date through February 28, 2001:
Zero dollars ($0.00)
(b) From March 1, 2001 through November 30, 2001:
$142,560.00 per annum payable in monthly installments of
$11,880.00
(c) From December 1, 2001 through November 30, 2003:
$285,120.00 per annum payable in monthly installments of
$23,760.00
(d) From December 1, 2003 through November 30, 2007:
$316,800.00 per annum payable in monthly installments of
$26,400.00.
All payments of Base Rent shall be paid in advance on or before the first day of
each calendar month during the Term, in the monthly installments provided above;
provided, however, that Tenant shall pay the first full monthly installment of
Base Rent, for a month in which a payment of Base Rent is due, in the amount of
$11,880.00 at the time of execution of this Lease. If the Term commences other
than on the first day of a month, the Base Rent for the fourth month of the Term
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