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Consent to Sublease Agreement

 

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Title:

Consent to Sublease Agreement

Entities:

REIT Management & Research LLC; Bridgepoint Property Trust; Concero Group, L.P.; Myriad Development, Inc.; Concero Inc

Date:

2003

Size:

Preview shows 4KB of 18KB total

Price:

$35

ID:

#167813

 

 

► Leasing ► Sublease ► Consents to Sublease Agreements
► Miscellany

 

 

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CONSENT TO SUBLEASE AGREEMENT

This Consent to Sublease Agreement (this "Agreement") is made as of the
23rd day of April, 2003 by and among BRIDGEPOINT PROPERTY TRUST, a Maryland real
estate investment trust ("Landlord"), CONCERO GROUP, L.P., a Texas limited
partnership ("Tenant") and MYRIAD DEVELOPMENT, INC., a Texas corporation
("Subtenant").

WHEREAS, Investors Life Insurance Company of North America ("Original
Landlord") and PSW Technologies, Inc. ("Original Tenant") entered into that
certain Bridgepoint Lease Agreement dated October 31, 1996, as amended by
Amendment to Bridgepoint Lease Agreement dated September 30, 1997, that certain
Second Amendment to Lease dated as of July 19, 2002, and that certain Third
Amendment to Lease dated as of December 30, 2002 (as so amended, the "Lease")
for certain premises located at 6300 Bridgepoint Parkway, Austin, Texas, as more
particularly described in the Lease (the "Premises"); and

WHEREAS, Tenant succeeded to the interest of Original Tenant under the
Lease and Landlord has succeeded to the interest of Original Landlord under the
Lease; and

WHEREAS, Tenant and Subtenant desire to enter into the Sublease (the
"Sublease"), a copy of which is attached hereto as Exhibit A, for the
Subtenant's use and occupancy of approximately 8,455 rentable square feet of the
Premises (the "Sublease Premises") shown on the floor plan attached hereto as
Exhibit B; and

WHEREAS, Landlord has agreed to consent to the Sublease subject to the
terms and conditions of this Agreement.

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

1. Landlord hereby consents to the Sublease, subject to and upon the terms
and conditions hereof and in reliance of the representations, warranties and
agreements contained herein. Tenant and Subtenant acknowledge and agree that (i)
Landlord is not a party to the Sublease and is not bound by the provisions
thereof, (ii) Landlord has not and will not review or pass upon any of the
provisions of the Sublease, (iii) the Sublease will not be modified or amended
in any way without the prior written consent of Landlord and (iv) the Sublease
is intended to grant Subtenant a subleasehold interest and is not an assignment
of Tenant's interest under the Lease and consequently notwithstanding anything
to the contrary contained in the Sublease the term of the Sublease shall expire
no later than one (1) day prior to the expiration or earlier termination of the
term of the Lease. Nothing herein contained shall be construed as a consent to,
or approval by Landlord of, any of the provisions of the Sublease, but is merely
a consent to the act of subletting by Tenant to Subtenant. To the extent of any
inconsistencies between the terms of the Sublease and the terms of the Lease or
this Agreement, the terms of the Lease or this Agreement shall prevail. In
furtherance of the foregoing, Tenant and Subtenant agree that (i) Landlord's
obligations to Tenant are governed only by the Lease and this Agreement, (ii)

 

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