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Title: |
Office Building Lease |
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Entities: |
ASA International Ltd.; Squire, Sanders & Dempsey; Colonnade Ashley LLC; Verticent, Inc. |
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Date: |
2003 |
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Size: |
Preview shows 9KB of 190KB total |
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Price: |
$75 |
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ID: |
#171695 |
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OFFICE BUILDING LEASE
BY AND BETWEEN
COLONNADE ASHLEY LLC,
A DELAWARE LIMITED LIABILITY COMPANY
AS LANDLORD
AND
VERTICENT, INC.,
A MASSACHUSETTS CORPORATION
AS TENANT
DATE: JUNE 1, 2003
{PAGE}
Table of Contents
Page
1. DEFINED TERMS........................................................1
2. TERM.................................................................6
3. PURPOSE AND USE......................................................7
4. RENT.................................................................7
5. OPERATING EXPENSES...................................................7
6. TAXES...............................................................10
7. ASSIGNMENT OR SUBLETTING............................................10
8. INSURANCE...........................................................12
9. DEFAULT.............................................................14
10. ALTERATIONS.........................................................18
11. LIENS...............................................................19
12. ACCESS TO PREMISES..................................................20
13. LANDLORD LIEN.......................................................20
14. OFFICE CENTER AND COMMON AREAS......................................20
15. ENVIRONMENTAL LAWS..................................................21
16. DESTRUCTION.........................................................22
17. CONDEMNATION........................................................23
18. MAINTENANCE OF PREMISES.............................................25
19. ESTOPPEL CERTIFICATES...............................................25
20. SUBORDINATION.......................................................26
21. INDEMNIFICATION.....................................................27
22. ANTI-WAIVER.........................................................27
23. NO REPRESENTATIONS BY LANDLORD......................................27
24. SERVICES AND UTILITIES..............................................28
25. SECURITY DEPOSIT....................................................29
26. GOVERNMENTAL REGULATIONS............................................30
27. SIGNS...............................................................30
28. SURVIVAL; PRIOR LEASE...............................................31
29. BROKER..............................................................31
30. QUIET ENJOYMENT.....................................................31
ii
{PAGE}
TABLE OF CONTENTS
(continued)
Page
31. END OF TERM.........................................................32
32. RECORDATION.........................................................33
33. LEASE NOT BINDING UNLESS EXECUTED...................................33
34. CONSTRUCTION OF LANGUAGE............................................33
35. INTERLINEATION......................................................33
36. ATTORNEYS' FEES.....................................................33
37. NOTICES.............................................................34
38. RADON GAS...........................................................35
39. RIGHTS OF SUCCESSORS AND ASSIGNS....................................35
40. SEVERABILITY........................................................35
41. JURY WAIVER; COUNTERCLAIMS..........................................35
42. INTEGRATION.........................................................36
43. AMENDMENT...........................................................36
44. TIME IS OF THE ESSENCE..............................................36
45. FORCE MAJEURE.......................................................36
46. GUARANTY............................................................36
47. TENANT'S REPRESENTATIONS............................................36
48. LANDLORD'S REPRESENTATION...........................................37
49. RELOCATION OF TENANT................................................37
50. HOLDOVER............................................................37
51. PARKING SPACES......................................................38
52. CONFIDENTIALITY.....................................................39
53. STORAGE SPACE.......................................................39
EXHIBIT "A" - LEGAL DESCRIPTION OF OFFICE CENTER
EXHIBIT "B" - SKETCH OF PREMISES
EXHIBIT "C" - COMMENCEMENT DATE AND SCHEDULE OF ANNUAL BASE RENT
EXHIBIT "D" - GUARANTY
EXHIBIT "E" - RULES AND REGULATIONS
EXHIBIT "F" - TENANT IMPROVEMENTS
ii
{PAGE}
LEASE
-----
THIS LEASE is made and entered into as of the Date of this Lease, by
and between COLONNADE ASHLEY LLC, a Delaware limited liability company (the
"Landlord") and VERTICENT, INC., a Massachusetts corporation (the "Tenant").
W I T N E S S E T H :
---------------------
Subject to the terms and conditions hereinafter set forth, Landlord
leases to Tenant and Tenant hires from Landlord the Premises.
Landlord and Tenant covenant and agree:
DEFINED TERMS. The following terms, as used in this Lease, shall have
the following meanings in this Lease and all exhibits and riders to this Lease:
"ADA" shall mean the Americans with Disabilities Act of 1990
and all similar present or future laws, together with all regulations
promulgated pursuant thereto.
"Allocated Share" shall mean 2.39 percent, which is the sum
obtained by multiplying by 100 the quotient obtained by dividing (i) the
Rentable Area of the Premises by (ii) the total rentable area of the Office
Center. The parties acknowledge and agree that the total Rentable Area of the
Premises is as specified in the definition of Rentable Area of the Premises and
that the total rentable area of the Office Center is 512,851 square feet. If the
area of the Premises or the area of the Office Center are changed after the Date
of this Lease, the Allocated Share shall be adjusted by Landlord to reflect such
change.
"Alterations" shall mean any alteration, addition, or
improvement in or on or to the Premises of any kind or nature, including, but
not limited to, Tenant Improvements.
"Annual Base Rent" shall mean the amounts set forth in the
schedule attached as Exhibit "C" to this Lease and made a part of this Lease.
"Bankruptcy Code" shall mean the Bankruptcy Code of 1978, 11
U.S.C. Section 101 et seq., as amended from time to time.
"Base Year" shall mean calendar year 2003.
"Office Center" shall mean all of the land together with the
improvements thereon known as the 400 North Ashley Plaza and located at 400
North Ashley Drive, Tampa, Florida 33602, and more particularly described in the
legal description attached as Exhibit "A" to this Lease and made a part of this
Lease.
"Business Days" shall mean all days other than Saturdays,
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