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Agreement of Lease

 

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Title:

Agreement of Lease

Entities:

Chase Manhattan Bank; Citibank, NA; KBW Inc; Fried, Frank, Harris, Shriver & Jacobson; Wachtell, Lipton, Rosen & Katz

Date:

2006

Size:

Preview shows 98KB of 318KB total

Price:

$78

ID:

#2533838

 

 

► Miscellany ► Agreements ► Agreements of... ► Agreements of Lease
► Financial
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AGREEMENT OF LEASE

 

between

 

THE EQUITABLE LIFE ASSURANCE
SOCIETY OF THE UNITED STATES

 

and

 

ELAS SECURITIES ACQUISITION CORP.,

 

Landlord

 

and

 

KEEFE, BRUYETTE & WOODS, INC.,

 

Tenant

 

787 Seventh Avenue
New York, New York 10019

 

Shearman & Sterling
599 Lexington Avenue
New York, New York 10022

 

 



 

TABLE OF CONTENTS

 

 

 

Page

 

 

 

DEFINITIONS

 

1

 

 

 

ARTICLE 1 DEMISE, PREMISES, TERM, RENT

 

9

 

 

 

ARTICLE 2 USE AND OCCUPANCY

 

10

 

 

 

ARTICLE 3 ALTERATIONS

 

11

 

 

 

ARTICLE 4 REPAIRS-FLOOR LOAD

 

19

 

 

 

ARTICLE 5 WINDOW CLEANING

 

22

 

 

 

ARTICLE 6 REQUIREMENTS OF LAW

 

22

 

 

 

ARTICLE 7 SUBORDINATION

 

24

 

 

 

ARTICLE 8 RULES AND REGULATIONS

 

27

 

 

 

ARTICLE 9 INSURANCE, PROPERTY LOSS OR DAMAGE; REIMBURSEMENT

 

28

 

 

 

ARTICLE 10 DESTRUCTION-FIRE OR OTHER CAUSE

 

30

 

 

 

ARTICLE 11 EMINENT DOMAIN

 

33

 

 

 

ARTICLE 12 ASSIGNMENT SUBLETTING MORTGAGE, ETC.

 

35

 

 

 

ARTICLE 13 ELECTRICITY

 

51

 

 

 

ARTICLE 14 ACCESS TO PREMISES

 

53

 

 

 

ARTICLE 15 CERTIFICATE OF OCCUPANCY

 

55

 

 

 

ARTICLE 16 DEFAULT

 

55

 

 

 

ARTICLE 17 REMEDIES AND DAMAGES

 

58

 

 

 

ARTICLE 18 FEES AND EXPENSES

 

60

 

i



 

TABLE OF CONTENTS

 

 

(continued

 

 

 

 

Page

ARTICLE 19 NO REPRESENTATIONS BY LANDLORD

 

61

 

 

 

ARTICLE 20 END OF TERM

 

61

 

 

 

ARTICLE 21 QUIET ENJOYMENT

 

62

 

 

 

ARTICLE 22 FAILURE TO GIVE POSSESSION

 

62

 

 

 

ARTICLE 23 NO WAIVER

 

63

 

 

 

ARTICLE 24 WAIVER OF TRIAL BY JURY

 

63

 

 

 

ARTICLE 25 INABILITY TO PERFORM

 

64

 

 

 

ARTICLE 26 BILLS AND NOTICES

 

64

 

 

 

ARTICLE 27 ESCALATION

 

65

 

 

 

ARTICLE 28 SERVICES

 

76

 

 

 

ARTICLE 29 PARTNERSHIP TENANT

 

80

 

 

 

ARTICLE 30 VAULT SPACE

 

80

 

 

 

ARTICLE 31 SECURITY

 

81

 

 

 

ARTICLE 32 CAPTIONS

 

83

 

 

 

ARTICLE 33 PARTIES BOUND

 

83

 

 

 

ARTICLE 34 BROKER

 

83

 

 

 

ARTICLE 35 INDEMNITY

 

84

 

 

 

ARTICLE 36 ADJACENT EXCAVATION-SHORING

 

85

 

 

 

ARTICLE 37 MISCELLANEOUS

 

85

 

ii



 

TABLE OF CONTENTS

 

 

(continued)

 

 

 

 

Page

ARTICLE 38 RENT CONTROL

 

88

 

 

 

SCHEDULE A

RULES AND REGULATIONS

 

A-1

 

 

 

 

SCHEDULE B

CLEANING SPECIFICATIONS

 

B-1

 

 

 

 

EXHIBIT A

PREMISES

 

A-1

 

 

 

 

EXHIBIT B

HVAC SPECIFICATIONS

 

B-1

 

 

 

 

EXHIBIT C

CERTIFICATE OF OCCUPANCY

 

C-1

 

 

 

 

EXHIBIT D

PREMISES DELIVERY NOTICE

 

D-1

 

 

 

 

EXHIBIT E

INCLUDED PERSONAL PROPERTY

 

E1

 

 

 

 

EXHIBIT F

ACKNOWLEDGEMENT AND AGREEMENT

 

F-1

 

iii



 

AGREEMENT OF LEASE (this Lease), made as of the 12th day of November, 2001, between Landlord and Tenant.

 

W I T N E S S E T H:

 

The parties hereto, for themselves, their legal representatives, successors and assigns, hereby covenant as follows.

 

DEFINITIONS

 

Capitalized terms used herein and not defined elsewhere in this Lease shall have the meanings set forth below, each of which definition shall be included within, and an integral and substantive part of, the terms, covenants and provisions of this Lease:

 

Acknowledgement and Agreement shall have the meaning set forth in Section 12.5 hereof.

 

AAA shall have the meaning set forth in Section 37.5 hereof.

 

ADA shall mean the Americans with Disabilities Act of 1990, Public Law 101-336, U.S.C.  12101 et seq. as the same may be hereafter amended from time to time, together with all regulations and guidelines promulgated pursuant thereto or in connection therewith.

 

Affiliate shall mean, with respect to Landlord, a corporation or other entity which shall (1) control, (2) be under the control of, or (3) be under common control with Landlord. As used herein, the term control shall mean the ownership of fifty percent (50%) or more of the outstanding voting stock of a corporation or other majority equity and control interest if such entity is not a corporation.

 

Alterations shall mean alterations, installations, improvements, additions or other physical work or changes in or about the Premises.

 

Alterations Rules and Regulations shall mean the rules and regulations relating to Alterations promulgated by Landlord regarding Alterations and such other and further reasonable rules and regulations regarding Alterations as Landlord or Landlords agents may from time to time adopt in accordance with the provisions of Article 8 hereof. Landlord and Tenant acknowledge that Tenant has been provided with a copy of the Alterations Rules and Regulations as the same exist on the date of this Lease.

 

Anticipated Delivery Date shall have the meaning set forth in Section 22.2 hereof.

 

Applicable Rate shall mean the lesser of (x) two (2) percentage points above the then current Base Rate, and (y) the maximum rate permitted by applicable law.

 

Assessed Valuation shall have the meaning set forth in Section 27.1 hereof.

 



 

Assignment Expenses shall have the meaning set forth in Section 12.8(B) hereof.

 

Assignment Proceeds shall have the meaning set forth in Section 12.8 hereof.

 

Assignment Statement shall have the meaning set forth in Section 12.8 hereof.

 

Assignment Termination Date shall have the meaning set forth in Section 12.8(B) hereof.

 

Bankruptcy Code shall mean 11 U.S.C. Section 101 et seq., or any statute of similar nature and purpose.

 

Base Operating Expenses shall have the meaning set forth in Section 27.1 hereof.

 

Base Operating Year shall have the meaning set forth in Section 27.1 hereof.

 

Base Rate shall mean the rate of interest publicly announced from time to time by Citibank, N.A., or its successor, as its base rate (or such other term as may be used by Citibank, N.A., from time to time, for the rate presently referred to as its base rate).


 

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