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Lease Agreement

 

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Title:

Lease Agreement

Entities:

Honeywell International Inc.; Kilian Manufacturing Corp

Date:

2005

Size:

120KB total

Price:

$49

ID:

#2091690

 

 

► Leasing ► Lease Agreements
► Miscellany ► Fortune 100
► Capital Goods ► Defense

 

 

Start of Preview


 

 

LEASE AGREEMENT

 

between

 

OLDS PROPERTIES CORPORATION

 

and

 

JOHN H.O. La GATTA

 

as Landlord,

 

and

 

WARNER ELECTRIC COMPANY

 

as Tenant

 

 

Date: January 29, 2003

 



 

TABLE OF CONTENTS

 

 

ARTICLE I

BASIC LEASE TERMS AND DEFINITIONS

 

 

SECTION 1.1

Basic Lease Terms

 

 

SECTION 1.2

Terms Generally

 

 

SECTION 1.3

Attachments

 

 

 

 

 

ARTICLE II

AGREEMENT; DEMISE

 

 

SECTION 2.1

Agreement

 

 

SECTION 2.2

Demise

 

 

 

 

 

ARTICLE III

TERM

 

 

SECTION 3.1

Initial Term

 

 

SECTION 3.2

Renewal Terms

 

 

SECTION 3.3

Holding Over

 

 

 

 

 

ARTICLE IV

USE

 

 

SECTION 4.1

Use

 

 

SECTION 4.2

Cessation of Tenant Operations

 

 

 

 

 

ARTICLE V

RENTAL AND SECURITY DEPOSIT

 

 

SECTION 5.1

Rentals Payable

 

 

SECTION 5.2

Annual Basic Rental

 

 

SECTION 5.3

Payment of Rental

 

 

SECTION 5.4

Security Deposit

 

 

 

 

 

ARTICLE VI

TAXES

 

 

SECTION 6.1

Payment by Lessee

 

 

SECTION 6.2

Proration of Taxes

 

 

SECTION 6.3

Taxes on Rental

 

 

SECTION 6.4

Tenant?s Right to Contest Taxes

 

 

 

 

 

ARTICLE VII

PREMISES IMPROVEMENTS

 

 

SECTION 7.1

Mechanics? Liens

 

 

SECTION 7.2

Tenant?s Trade Fixtures

 

 

SECTION 7.3

Risk of Loss

 

 

 

 

 

ARTICLE VIII

OPERATIONS

 

 

SECTION 8.1

Operations by Tenant

 

 

SECTION 8.2

Signs and Advertising

 

 

 

 

 

ARTICLE IX

IMPROVEMENT ALLOWANCE; MAINTENANCE AND REPAIRS

 

 

SECTION 9.1

Improvement Allowance

 

 

SECTION 9.2

Maintenance and Repairs

 

 

SECTION 9.3

Alterations

 

 

SECTION 9.4

Tenant Liens

 

 



 

ARTICLE X

UTILITIES

 

 

SECTION 10.1

Water, Gas, Electricity, Telephone, and Sanitary Sewer

 

 

 

 

 

ARTICLE XI

INSURANCE; INDEMNIFICATION

 

 

SECTION 11.1

Indemnity by Tenant

 

 

SECTION 11.2

Tenant?s Insurance

 

 

SECTION 11.3

Tenant?s Insurance Policies

 

 

SECTION 11.4

Waiver of Subrogation

 

 

SECTION 11.5

Insurance Proceeds

 

 

 

 

 

ARTICLE XII

DAMAGE AND DESTRUCTION

 

 

SECTION 12.1

Landlord?s Repair upon Casualty

 

 

 

 

 

ARTICLE XIII

CONDEMNATION

 

 

SECTION 13.1

Termination of Lease

 

 

SECTION 13.2

Continuation of Lease

 

 

SECTION 13.3

Apportionment of Award

 

 

 

 

 

ARTICLE XIV

ASSIGNMENT AND SUBLEASING

 

 

SECTION 14.1

Landlord?s Consent

 

 

SECTION 14.2

Transfer of Interest

 

 

 

 

 

ARTICLE XV

DEFAULT

 

 

SECTION 15.1

?Event of Default? Defined

 

 

SECTION 15.2

Remedies

 

 

SECTION 15.3

Damages

 

 

SECTION 15.4

Assignment in Bankruptcy

 

 

 

 

 

ARTICLE XVI

SUBORDINATION AND ATTORNMENT

 

 

SECTION 16.1

Subordination

 

 

SECTION 16.2

Mortgagee?s Unilateral Subordination

 

 

SECTION 16.3

Attornment

 

 

SECTION 16.4

Non-Disturbance

 

 

 

 

 

ARTICLE XVII

NOTICES

 

 

SECTION 17.1

Sending of Notices

 

 

 

 

 

ARTICLE XVIII

QUIET ENJOYMENT

 

 

SECTION 18.1

Warranty

 

 

 

 

 

ARTICLE XIX

RIGHT OF FIRST OFFER AND RIGHT OF FIRST REFUSAL

 

 

SECTION 19.1

Right of First Offer

 

 

SECTION 19.2

Right of First Refusal

 

 

 

 

 

ARTICLE XX

MISCELLANEOUS

 

 

SECTION 20.1

Estoppel Certificates

 

 

SECTION 20.2

Inspections and Access by Landlord

 

 

SECTION 20.3

Memorandum of Lease