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Document Preview Lease Agreement |
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Title: |
Lease Agreement |
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Entities: |
AFL-CIO; International Brotherhood of Teamsters; Excelligence Learning Corp |
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Date: |
2001 |
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Size: |
Preview shows 5KB of 79KB total |
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Price: |
$49 |
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ID: |
#122294 |
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LEASE AGREEMENT
Basic Lease Information
Lease Date: March 30, 2000
Lessor: PTF FOR OPERATING ENGINEERS, LLC, a Delaware
limited liability company
Lessor's Address: 340 El Camino Real South, Salinas, CA 93901
Lessee: EARLYCHILDHOOD.COM, LLC, a California limited
liability company
Lessee's Address: 2 Lower Ragsdale Drive, Suite 200
Monterey, California 93940
Premises: Approximately 122,227 square feet of space as
shown on Exhibit A to this Lease and commonly
known as Space 32
Premises Address: 340 El Camino Real South, Salinas, CA 93901
Building: Spaces 31-34
Park or Property: Firestone Business Park
Term: Seven (7) years
Commencement Date: July 1, 2000
Termination Date: June 30, 2007
Option To Extend Term: One five (5) year option
Base Rent: Thirty-Six Thousand Six Hundred Sixty-Eight
Dollars ($36,668.00) (increased as set forth in
Paragraph 4)
Security Deposit: Forty-Three Thousand Seven Hundred Eighty-Three
Dollars ($43,783.00)
Permitted Uses: Warehouse and distribution with ancillary office
and light, non-diesel, water-based manufacturing
Insurance Amount: Bodily injury limit of not less than $1 million
per occurrence. Property damage limit of not less
than $1 million per occurrence.
Parking Spaces: Twenty-Five (25) undesignated parking spaces
Exhibits: Exhibit A - Premises
Exhibit B - Landlord's Work
Exhibit C - Rules and Regulations
Exhibit D - Estoppel Certificate
Exhibit E - First Offer Premises
Addenda: None
{PAGE}
LEASE AGREEMENT
DATE: This Lease is made and entered into as of the Lease Date defined on
Page 1. The Basic Lease Information set forth on Page 1 and this
Lease are and shall be construed as a single instrument.
1. PREMISES: Lessor hereby leases to Lessee upon the terms and conditions
contained herein the Premises. Lessee shall have the non-exclusive right
to use common areas of the Park designated by Lessor from time to time for
the use of all tenants of the Park ("Common Areas").
2. TERM:
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(A) INITIAL TERM: The term of this Lease shall commence on the
Commencement Date set forth on Page 1 and shall end on the Termination Date
set forth on Page 1. If Lessor cannot deliver possession of the Premises
on the Commencement Date, Lessor shall not be subject to any liability nor
shall the validity of the Lease be affected; provided the Lease term and
the obligation to pay Rent shall commence on the date possession is
tendered and the Termination Date shall be extended by a period of time
equal to the period computed from the Commencement Date to the date
possession is tendered. In the event that Lessor permits Lessee to occupy
the Premises prior to the Commencement Date, such occupancy shall be
subject to all the provisions of this Lease.
(B) OPTION TO EXTEND TERM: Lessee shall have the option ("Extension
Option") to extend the Lease Term, as to not less then the entire Premises,
for a period (the "Option Period") of five (5) years commencing upon the
date the Lease Term would otherwise expire, upon the same terms and
conditions previously applicable, except for the grant of the Extension
Option, the Landlord's Work provisions set forth in Exhibit B (which shall
no longer be executory) and Rent (which shall be determined as set forth
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