|
|
|
|
Document Preview Industrial/Commercial Lease |
||||
|
|
||||
|
Click "Add to Cart" button to purchase document. |
||||
|
|
||||
|
Title: |
Industrial/Commercial Lease |
|||
|
Entities: |
||||
|
Date: |
2001 |
|||
|
Size: |
Preview shows 10KB of 231KB total |
|||
|
Price: |
$77 |
|||
|
ID: |
#340924 |
|||
|
|
||||
|
||||
|
|
||||
|
Start of Preview |
||||
INDUSTRIAL/COMMERCIAL LEASE
PAULS PROPERTIES CORPORATION
(Landlord)
AND
CERTICOM CORP.
(Tenant)
Building: 1980 Matheson Blvd. East, Mississauga
Rentable Area: 126,962 Square Feet
Term: Ten (10) years
MILLER THOMSON LLP
Barristers and Solicitors
Suite 2500, 20 Queen Street West
Toronto, Ontario
M5H 3S1
{PAGE}
i
TABLE OF CONTENTS
-----------------
{TABLE}
{S} {C}
ARTICLE I - BASIC LEASE TERMS
Section 1.01 Variable Defined Terms
Section 1.02 Standard Definitions
ARTICLE II - LEASED PREMISES - TERM - RENT
Section 2.01 Leased Premises and Term
Section 2.02 Use of Additional Areas - Intentionally Deleted
Section 2.03 Construction of the Leased Premises
Section 2.04 Adjustment of Areas
Section 2.05 Agreement to Pay
Section 2.06 Basic Rent
Section 2.07 Late Payment Charge
Section 2.08 Net Lease
Section 2.09 Acknowledgement of Commencement Date
ARTICLE III - TAXES AND OPERATING COSTS
Section 3.01 Taxes Payable by Landlord
Section 3.02 Tenant's Share of Taxes
Section 3.03 Tenant's Share of Operating Cost
Section 3.04 Management Fee
Section 3.05 Tenant's Taxes
Section 3.06 Tenant's Responsibility
Section 3.07 Payment of Estimated Taxes, Operating Costs and
Management Fee
ARTICLE IV - LEASED PREMISES - CONTROL AND SERVICES
Section 4.01 Control of the Leased Premises by the Landlord
Section 4.02 Substitution of Management by Tenant
Section 4.03 Tenant's Unrestricted Access
ARTICLE V - UTILITIES AND ADDITIONAL SERVICES
Section 5.01 Charges for Utilities
Section 5.02 Additional Services of the Landlord
Section 5.03 Third Party Services
ARTICLE VI - USE OF LEASED PREMISES
Section 6.01 Use of the Leased Premises
Section 6.02 Observance of Law
Section 6.03 Energy Conservation
Section 6.04 Odours, Dust or Noise
Section 6.05 Obstructions
Section 6.06 Outside Areas
Section 6.07 Environmental Law
ARTICLE VII - INSURANCE AND INDEMNITY
Section 7.01 Tenant's Insurance
Section 7.02 Increase in Insurance Premiums
Section 7.03 Cancellation of Insurance
Section 7.04 Loss or Damage
Section 7.05 Landlord's Insurance
{/TABLE}
{PAGE}
ii
{TABLE}
{S} {C}
Section 7.06 Indemnification of the Landlord
Section 7.07 Limitations of Liability
ARTICLE VIII - MAINTENANCE, REPAIRS AND ALTERATIONS
Section 8.01 Maintenance and Repairs by the Tenant
Section 8.02 Landlord's Approval of the Tenant's Repairs and
Alterations
Section 8.03 Maintenance and Repairs by the Landlord
Section 8.04 Surrender of the Leased Premises
Section 8.05 Repair Where the Tenant is at Fault
Section 8.06 Tenant No to Overload Facilities
Section 8.07 Tenant No to Overload Floors
Section 8.08 Removal and Restoration by Tenant
Section 8.09 Notice by the Tenant
Section 8.10 Tenant to Discharge All Liens
Section 8.11 Signs and Advertising
ARTICLE IX - DAMAGE AND DESTRUCTION
Section 9.01 Destruction of the Leased Premises
Section 9.02 Abrogation - Intentionally Deleted
ARTICLE X - TRANSFER AND SALE
Section 10.01 Assigning and Subletting
Section 10.02 Landlord's Right to Terminate
Section 10.03 Conditions of Transfer
Section 10.04 No Advertising of the Leased Premises
Section 10.05 Assignment by the Landlord
ARTICLE XI - ACCESS AND ALTERATIONS
Section 11.01 Right of Entry
Section 11.02 Right to Show Leased Premises
Section 11.03 Entry Not Forfeiture
Section 11.04 Landlord's Covenant For Quiet Enjoyment
Section 11.05 Inspection
ARTICLE XII - STATUS STATEMENT, ATTORNMENT AND SUBORDINATION
Section 12.01 Status Statement
Section 12.02 Subordination and Attornment
Section 12.03 Attorney
Section 12.04 Financial information
Section 12.05 Acknowledgment of Title
ARTICLE XIII - DEFAULT
Section 13.01 Right to Re-Enter
Section 13.02 Right to Re-Let
Section 13.03 Termination
Section 13.04 Accelerated Rent
Section 13.05 Expenses
Section 13.06 Waiver of Exemption from Distress
Section 13.07 Landlord May Cure Tenant's Default or Perform Tenant's
Covenants
Section 13.08 Additional Rent
Section 13.09 Remedies Generally
Section 13.10 Holding Over
Section 13.11 No Waiver
ARTICLE XIV - MISCELLANEOUS
{/TABLE}
{PAGE}
iii
{TABLE}
{S} {C}
Section 14.01 Rules and Regulations
Section 14.02 Security Deposit
Section 14.03 Pest Control
Section 14.04 Obligations as Covenants
Section 14.05 Amendments and Supplementary Lease Provisions (if any)
Section 14.06 Certificates
Section 14.07 Time
Section 14.08 Successors and Assigns
Section 14.09 Governing Law
Section 14.10 Headings
Section 14.11 Entire Agreement
Section 14.12 Severability
Section 14.13 No Option
Section 14.14 Occupancy Permit
Section 14.15 Place for Payments
Section 14.16 Extended Meanings
Section 14.17 No Partnership or Agency
Section 14.18 Unavoidable Delay
Section 14.19 Consent and Approvals
Section 14.20 Registration
Section 14.21 Joint and Several Liability
Section 14.22 Name of Building
Section 14.23 Changes in the Leased Premises
Section 14.24 Compliance with the Planning Act
ARTICLE XV - INDEMNITY AGREEMENT
Section 15.01 Indemnity - Intentionally Deleted
Section 15.02 Further Assurances
SCHEDULES
Schedule "A" - Draft Site Plan of Building and Lands
Schedule "Al" - Building Elevation
Schedule "B1" - Legal Description of Lands
Schedule "B2" - Lega1 Description of Expansion Lands
Schedule "B3" - Plan Showing the Lands and the Expansion Land
Schedule "C" - Plan/Sketch of Expansion Land
Schedule "D" - Acknowledgment of Commencement Date
Schedule "E" - Rules and Regulations
Schedule "F" - Supplementary or Additional Lease Terms
Schedule "G" - Incorporated Excerpts from Agreement to Lease
{/TABLE}
{PAGE}
iv
ARTICLE 1
---------
BASIC LEASE TERMS
-----------------
SECTION 1.01 - VARIABLE DEFINED TERMS
In this Lease the following terms will have the following meanings:
(1) "Agreement to Lease" means the written agreement to lease between
------------------
the Landlord and the Tenant with respect to the Leased Premises dated
the 6/th/ day of October, 2000.
(2) "Basic Rent" - means:
----------
(i) In years 1 and 2 of the Term $10.85
(ii) In years 3-5 of the Term $11.75
(iii) In years 6-10 of the Term $13.05
in each case per square foot of the Rentable Area of the Building,
per annum, payable pursuant to Section 2.06 hereof.
(3) "Building" means the entire one story building and all other improvements
--------
located on the Lands, and known municipally as 1980 Matheson Boulevard East,
Mississauga, and includes all additions, modifications and alterations thereto
and replacements thereof, as may be from time to time constructed in
accordance with the provisions of the Lease.
|
End of Preview |
Home Intelligence Services Subscriptions News About Us