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Master Lease

 

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Title:

Master Lease

Entities:

ABN AMRO Bank N.V.; Yahoo! Inc.; McGuireWoods

Date:

2001

Size:

Preview shows 34KB of 154KB total

Price:

$54

ID:

#276576

 

 

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Prepared by and upon recording return to: W. Kirk Grimm, Esq., McGuireWoods LLP, 77 West Wacker Drive, Chicago, Illinois 60601 (312) 849-3697

 

MASTER LEASE

dated as of March 16, 2001

 

between

 

LEASE PLAN NORTH AMERICA, INC.,
as the Lessor

 

and

 

YAHOO! INC.,
as the Lessee

 

Sunnyvale, California Corporate Headquarters Facility


This Lease is superior to a deed of trust in favor of ABN AMRO Bank N.V., as Agent (the "Agent") under the Participation Agreement dated as of March 16, 2001, among the Lessee, the Lessor, the Participants and the Agent for the benefit of the Participants.  This Lease has been executed in counterparts.  To the extent, if any, that this Lease constitutes chattel paper (as such term is defined in the Uniform Commercial Code as in effect in any applicable jurisdiction), no lien on this Lease may be created through the transfer of possession of any counterpart other than the original counterpart containing the receipt therefor executed by the Agent on the signature page hereof.

TABLE OF CONTENTS

   
ARTICLE I.
   
1.1 Definitions; Interpretation
   
ARTICLE II.
   
2.1 Acceptance and Lease of Property
2.2 Acceptance Procedure; Appointment as Agent
2.3 Lease Term
2.4 Title
   
ARTICLE III.
   
3.1 Rent
3.2 Payment of Basic Rent
3.3 Supplemental Rent
3.4 Method of Payment
   
ARTICLE IV.
   
4.1 Utility Charges
   
ARTICLE V.
   
5.1 Quiet Enjoyment
   
ARTICLE VI.
   
6.1 Net Lease
6.2 No Termination or Abatement
   
ARTICLE VII.
   
7.1 Nature of Transaction; Intent of the Parties
   
ARTICLE VIII.
   
8.1 Condition of the Property
8.2 Possession and Use of the Property
   
ARTICLE IX.
   
9.1 Compliance with Requirements of Law and Insurance Requirements
   
ARTICLE X.
 
10.1 Maintenance and Repair; Return
   
ARTICLE XI.
   
11.1 Modifications, Substitutions and Replacements
 
ARTICLE XII.
   
12.1 Warranty of Title
12.2 Grants and Releases of Easements and Other Agreements
   
ARTICLE XIII.
   
13.1 Permitted Contests Other Than in Respect of Indemnities
   
ARTICLE XIV.
   
14.1 General Liability and Workers' Compensation Insurance
14.2 Hazard and Other Insurance
14.3 Coverage
   
ARTICLE XV.
   
15.1 Casualty and Condemnation
15.2 Environmental Matters
15.3 Notice of Environmental Matters
   
ARTICLE XVI.
   
16.1 Termination by the Lessee upon Certain Events
16.2 Procedures
16.3 Purchase of Property
   
ARTICLE XVII.
   
17.1 Events of Default
17.2 Lease Remedies
17.3 Waiver of Certain Rights
17.4 Loan Remedies
17.5 Remedies Cumulative
17.6 The Lessee's Right to Cure
   
ARTICLE XVIII.
   
18.1 The Lessor's Right to Cure the Lessee's Defaults
   
ARTICLE XIX.
   
19.1 Provisions Relating to the Lessee's Termination of this Lease or Exercise of Purchase Option or Obligation and Conveyance Upon Remarketing and Conveyance Upon Certain Other Events
   
ARTICLE XX.
   
20.1 Purchase Option
20.2 Expiration Date Purchase Obligation
20.3 Acceleration of Purchase Obligation
   
ARTICLE XXI.
   
21.1 Renewal
   
ARTICLE XXII.
   
22.1 Option to Remarket
22.2 Certain Obligations Continue
22.3 Support Obligations
   
ARTICLE XXIII.
   
23.1 Holding Over
   
ARTICLE XXIV.
   
24.1 Risk of Loss
   
ARTICLE XXV.
   
25.1 Subletting and Assignment
   
ARTICLE XXVI.
   
26.1 Estoppel Certificates
   
ARTICLE XXVII.
   
27.1 Right to Inspect
27.2 No Waiver
   
ARTICLE XXVIII.
   
28.1 Acceptance of Surrender
   
ARTICLE XXIX.
   
29.1 No Merger of Title
   
ARTICLE XXX.
   
30.1 Notices
   
ARTICLE XXXI.
   
31.1 Miscellaneous
31.2 Amendments and Modifications
31.3 Successors and Assigns
31.4 Headings and Table of Contents
31.5 Counterparts
31.6 GOVERNING LAW
31.7 Limitations on Recourse
31.8 Original Lease

 

SCHEDULE

SCHEDULE 17.2(j) Specific Provisions for Commercially Reasonable Standards
   
APPENDICES  
   
APPENDIX I Definitions and Interpretation
   
EXHIBITS  
   
EXHIBIT A Form of Lease Supplement
EXHIBIT B Legal Description of Land

 

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