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Standard Form of Office Lease

 

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Title:

Standard Form of Office Lease

Entities:

Chase Manhattan Bank; HeavenlyDoor.com, Inc.; Paligent Inc.; Real Estate Board of New York, Inc.

Date:

2001

Size:

Preview shows 4KB of 135KB total

Price:

$71

ID:

#321387

 

 

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                          STANDARD FORM OF OFFICE LEASE

The Real Estate Board Of New York, Inc.
-------------------------------------------------------------------

AGREEMENT OF LEASE, made of this 19th day of April, 2000, between

369 LEXINGTON AVENUE CO., L.P., having address c/o The Macklowe Organization,
140 West 57th Street, New York, New York 10019

party of the first part, hereinafter referred to as OWNER, and HEAVENLYDOOR.COM,
INC. a Delaware corporation, having an address at 840 Memorial Drive, Cambridge,
MA 02139

party of the second part, hereinafter referred to as TENANT,


WITNESSETH: Owner hereby leases to Tenant and Tenant hereby hires from Owner


in the building known as 369 Lexington Avenue
in the Borough of Manhattan, City of New York, for the term of five (5) years


(or until such term shall sooner cease and expire as hereinafter
provided) to commence on the day set forth in Article 37(a) nineteen
hundred and , and to end on the day set forth in
Article 37 (b) and both dates inclusive,
at an annual rental rate of



which Tenant agrees to pay in lawful money of the United States which shall be
legal tender in payment of all debts and dues, public and private, at the time
of payment, in equal monthly installments in advance on the first day of each
month during said term, at the office of Owner or such other place as Owner may
designate, without any set off or deduction whatsoever, except that Tenant shall
pay the first monthly installment(s) on the execution hereof
(unless this lease be a renewal).

In the event that, at the commencement of the term of this lease, or
thereafter, Tenant shall be in default in the payment of rent to Owner pursuant
to the terms of another lease with Owner or with Owner's predecessor in
interest, Owner may at Owner's option and without notice to Tenant add the
amount of such arrears to any monthly installment of rent payable hereunder and
the same shall be payable to Owner as additional rent.

The parties hereto, for themselves, their heirs, distributees, executors,
administrators, legal representatives, successors and assigns, hereby covenant
as follows:

RENT: 1. Tenant shall pay the rent as above and as hereinafter provided.

OCCUPANCY: 2. Tenant shall use and occupy demised premises for executive and
administrative offices only


and for no other purpose.


TENANT ALTERATIONS: 3. Tenant shall make no changes in or to the demised
premises of any nature without Owner's prior written consent. Subject to the
prior written consent of Owner, and to the provisions of this article, Tenant at
Tenant's expense may make alterations, installations, additions or improvements
which are non-structural and which do not affect utility services or plumbing
and electrical lines, in or to the interior of the demised premises by using
contractors or mechanics first approved in each instance by Owner. Tenant shall,
before making any alterations, additions, installations or improvements, at its
expense, obtain all permits, approvals and certificates required by any
governmental or quasi-governmental bodies and (upon completion) certificates of
final approval thereof and shall deliver promptly duplicates of all such
permits, approvals and certificates to Owner and Tenant agrees to carry and will
cause Tenant's contractors and subcontractors to carry such workman's
compensation, general liability, personal and property damage insurance as Owner
may require. If any mechanic's lien is filed against the demised premises, or
the building of which the same forms a part, for work claimed to have been done
for, or materials furnished to, Tenant, whether or not done pursuant to this

 

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