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Real Estate Leasing Contract

 

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Title:

Real Estate Leasing Contract

Entities:

Kyphon Inc.

Date:

2006

Size:

60KB total

Price:

$40

ID:

#1716238

 

 

► Leasing ► Leasing Agmt. ► Real Estate Leasing Agreements
► Healthcare ► Medical Equipment & Supplies

 

 

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   CREDIT SUISSE     
   Leasing     
   Avenue dOuchy 52    Tlphone   021 340 14 00
   Case postale 5722    Tlfax   021 340 14 39
   1002 Lausanne    TVA N   231051

REAL ESTATE LEASING CONTRACT

No. 709341

 

1.    Kyphon Srl    The Lessee
   Rue du Puits-Godet 12/12a   
   2000 Neuchtel   
   VAT No: 639496   
And   
2.    CREDIT SUISSE    The Leasing Company
   Paradeplatz 8   
   8001 Zurich   
   Mailing address:   
   CREDIT SUISSE   
   Leasing   
   Case postale 5722   
   1002 Lausanne   
   VAT No.: 231051   


Contents

 

I

   PRELIMINARY PROVISIONS    4
   1.    PURPOSE OF THE CONTRACT    4
   2.    CONTRACTUAL ELEMENTS    4
   3.    INVESTMENT COSTS    4
      3.1    Definition    4
      3.2    Residual Value    4
      3.3    Residual Value at a given time - 3.4 Provisions concerning the period of construction    5
   4.    ACQUISITION OF THE OBJECT OF THE LEASE    7
      4.1    Description of the object of the lease    7
      4.2    Provisions of the sale contract and investment costs    8
      4.3    Transfer of title    8
      4.4    Failure of the sale contract    8
   5.    ACCEPTANCE OF THE OBJECT OF THE LEASE    8
      5.1    Date    8
      5.2    Statement of the condition of the premises on acceptance of the new building after its completion    8

II

   UTILISATION PHASE    9
   6.    DURATION OF UTILISATION    9
   7.    PROCESSING COSTS    9
   8.    LEASING PAYMENTS    9
      8.1    Definition    9
      8.2    Calculation, determination    9
      8.3    Interest period and due date    10
      8.4    Leasing payments at the beginning of the duration of utilisation    10
   9.    VALUE ADDED TAX    10
      9.1    Liability    10
      9.2    Security interests    11
   10.    SECURITY INTERESTS / REQUIREMENTS    11
      10.1    Guarantees    11
      10.2    Change of owner    12

III

   RIGHTS AND OBLIGATIONS    12  
   11.    LESSEES RIGHT TO ENJOYMENT    12
      11.1    Scope    12
      11.2    Obligation of diligence, maintenance and third party rights    12
      11.3    Modifications to the object of the lease    13
      11.4    Legal mortgages of artisans and construction firms    13
      11.5    Pollution    13
   12.    GUARANTEE AGAINST DEFECTS    13
      12.1    Guarantee against material and legal defects    14
      12.2    Charges encumbering the object of the lease    14
   13.    RISK AND LIABILITY    14
      13.1    Principle    14
      13.2    Insurance taken out by the leasing company    15
      13.3    Insurance taken out by the lessee    15
      13.4    Accidents    15
      13.5    Value Added Tax    16
   14.    ACCESSORY COSTS AND PUBLIC CONTRIBUTIONS    16

IV

   TERMINATION OF THE CONTRACT    16
   15.    NORMAL TERMINATION OF THE CONTRACT    16
      15.1    Option of the Lessee    16
      15.2    Extension of the leasing contract    17
      15.3    Purchase by the lessee    17
      15.4    Return of the object of the lease    17
   16.    FAILURE TO PAY AND OTHER BREACHES OF THE CONTRACT BY THE LESSEE    17
      16.1    Interest on arrears    17


     16.2    Option of the leasing company    18
     16.3    Consequences of failure to pay    18
     16.4    Early termination of the leasing contract due to serious circumstances    19
   17.   EARLY TERMINATION OF THE CONTRACT BY THE LESSEE    20
   17 A)   EARLY TERMINATION BY THE LEASING COMPANY DUE TO THE CASES LISTED IN CLAUSES 10.2 (CHANGE OF
OWNER) AND 13.4 (ACCIDENTS)
   20

V

   FINAL PROVISIONS    21  
   18.   PROHIBITION OF OFFSETTING    21
   19.   COSTS OF THE CONTRACT    21
   20.   RIGHT TO BE INFORMED AND TO VISIT    21
   21.      DECLARATION IN COMPLIANCE WITH THE LFAIE    21
   22.      FORM    21
   23.      VALIDITY CLAUSE    22
   24.      APPLICABLE LAW AND FORUM    22

VI

   SIGNATURES    22


I Preliminary Provisions

 

1. Purpose of the Contract

The leasing company shall acquire the object of the lease described under Clause 4.1 in accordance with the requirements notified to it by the lessee, in order to construct on it the buildings requested by the lessee and to then grant it the use and enjoyment of them for an agreed term. In consideration thereof, the lessee shall pay the leasing company a periodical indemnity and bear the costs and risks in connection with the use and enjoyment of the object.

 

2. Contractual Elements

The leasing contract consists of this document and its subsequent amendments and related agreements signed by both parties. A schedule of up-to-date monthly payments shall be attached as an appendix to the present leasing contract and to the subsequent amendments.

The building permit (to be provided) and the contracts which the leasing company shall enter into with third parties for constructing buildings, also form part of the present contract.

The present leasing contract is being entered into subject to the express condition precedent that all the documents concerning the guarantee referred to under 10.1 hereof are duly signed and in the leasing companys possession (original documents with authenticated signature).

 

3. Investment Costs

 

3.1 Definition

At the time of signature of the leasing contract, the parties agreed to a maximum price of


 

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