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Lease Agreement

 

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Title:

Lease Agreement

Entities:

Horizon Medical Products Inc.; Bank of America, NA; The Development Authority of the City of Manchester; Horizon Medical Products Inc.

Date:

2003

Size:

Preview shows 3KB of 41KB total

Price:

$48

ID:

#128521

 

 

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LEASE AGREEMENT

THIS LEASE is made and entered into as of December 15, 2000, by and
between The Development Authority of the City of Manchester ("Landlord") and
Horizon Medical Products, Inc., a Georgia corporation ("Tenant");

WHEREAS, Tenant is presently leasing from Landlord the "Facility" and
the "Project Site", as defined in and pursuant to the provisions of that certain
Lease Agreement dated July 1, 1996 (the "1996 Lease"), recorded at Deed Book
363, page 33, Meriwether County records;

WHEREAS, Tenant is presently leasing from Landlord the remaining 20,000
square feet of the Facility pursuant to the provisions of that certain Lease
Agreement dated August 29, 1997 (the "1997 Lease"), recorded at Deed Book 383,
page 532, Meriwether County records;

WHEREAS, Landlord has constructed on the Project Site a 15,000 square
foot building for lease by Tenant pursuant to the provisions of this Lease
Agreement;

NOW, THEREFORE, in consideration of the mutual agreements and covenants
contained herein and for other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties agree as follows:

1. PREMISES. Landlord, for and in consideration of the rents,
covenants, agreements, and stipulations herein mentioned, provided for, and
contained herein to be paid, kept, and performed by Tenant, demises and leases
and rents unto Tenant, and Tenant hereby leases and takes upon the terms and
conditions which hereinafter appear, the following described property (the
"Premises"), to-wit:

The approximate 15,000 square foot building that is
not part of the Project under the 1996 Lease, which
Premises is located on the Project Site as described
in the 1996 Lease and on the real property described
in Exhibit "A" attached hereto.

2. TERM AND RENEWAL. Tenant shall have the right and hold the
Premises for a term of one hundred eighteen (118) months, beginning on July 1,
2000 and ending on April 30, 2010, at midnight, unless sooner terminated as
hereinafter provided.

If Tenant renews the Agreement Term under Section 8.7(a) of the 1996
Lease, Tenant shall renew the term of this Lease for one additional five-year
term on the same terms and conditions as contained in this Lease, provided that
monthly rental during the renewal term will be Six Thousand Two Hundred
Ninety-Six and 65/100 Dollars ($6,296.65).

3. RENTAL. Tenant agrees to pay to Landlord, without demand,
deduction, or setoff, (i) rental and costs of Thirty Seven Thousand Eight
Hundred Seventy-One and 77/100 Dollars ($37,871.77) for the period from July 1,
2000 through December 31, 2000, and (ii) commencing on January 1, 2001 monthly
rental of Six Thousand Two Hundred Ninety-Six and 65/100 Dollars ($6,296.65) in
advance on the first day of each month during the remaining term hereof, with

 

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