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Document Preview Agreement of Lease |
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Title: |
Agreement of Lease |
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Entities: |
Chase Manhattan Bank; Citibank, NA; National Financial Partners Corp.; Schulte Roth & Zabel LLP |
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Date: |
2003 |
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Size: |
Preview shows 9KB of 297KB total |
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Price: |
$85 |
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ID: |
#860379 |
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AGREEMENT OF LEASE
between
THE EQUITABLE LIFE ASSURANCE SOCIETY OF THE UNITED STATES
And
ELAS SECURITIES ACQUISITION CORP.,
Landlord
And
NATIONAL FINANCIAL PARTNERS CORP.,
Tenant
787 Seventh Avenue
New York, New York 10019
Mayer, Brown & Platt
1675 Broadway
New York, New York 10019
<PAGE>
TABLE OF CONTENTS
Page
----
DEFINITIONS...................................................................1
ARTICLE 1 DEMISE, PREMISES, TERM, RENT........................................6
ARTICLE 2 USE AND OCCUPANCY...................................................8
ARTICLE 3 ALTERATIONS.........................................................8
ARTICLE 4 REPAIRS-FLOOR LOAD.................................................16
ARTICLE 5 WINDOW CLEANING....................................................18
ARTICLE 6 REQUIREMENTS OF LAW................................................19
ARTICLE 7 SUBORDINATION......................................................20
ARTICLE 8 RULES AND REGULATIONS..............................................23
ARTICLE 9 INSURANCE, PROPERTY LOSS OR DAMAGE; REIMBURSEMENT..................23
ARTICLE 10 DESTRUCTION-FIRE OR OTHER CAUSE...................................25
ARTICLE 11 EMINENT DOMAIN....................................................28
ARTICLE 12 ASSIGNMENT, SUBLETTING, MORTGAGE, ETC.............................30
ARTICLE 13 ELECTRICITY.......................................................37
ARTICLE 14 ACCESS TO PREMISES................................................39
ARTICLE 15 CERTIFICATE OF OCCUPANCY..........................................41
ARTICLE 16 DEFAULT...........................................................42
ARTICLE 17 REMEDIES AND DAMAGES..............................................45
ARTICLE 18 FEES AND EXPENSES.................................................47
ARTICLE 19 NO REPRESENTATIONS BY LANDLORD....................................48
ARTICLE 20 END OF TERM.......................................................48
ARTICLE 21 QUIET ENJOYMENT...................................................48
ARTICLE 22 FAILURE TO GIVE POSSESSION........................................48
ARTICLE 23 NO WAIVER.........................................................49
ARTICLE 24 WAIVER OF TRIAL BY JURY...........................................50
ARTICLE 25 INABILITY TO PERFORM..............................................50
ARTICLE 26 BILLS AND NOTICES.................................................50
ARTICLE 27 ESCALATION........................................................51
ARTICLE 28 SERVICES..........................................................60
ARTICLE 29 PARTNERSHIP TENANT................................................63
ARTICLE 30 VAULT SPACE.......................................................64
ARTICLE 31 SECURITY..........................................................64
ARTICLE 32 CAPTIONS..........................................................66
ARTICLE 33 PARTIES BOUND.....................................................66
ARTICLE 34 BROKER............................................................66
ARTICLE 35 INDEMNITY.........................................................67
ARTICLE 36 ADJACENT EXCAVATION-SHORING.......................................67
ARTICLE 37 MISCELLANEOUS.....................................................68
ARTICLE 38 RENT CONTROL......................................................70
ARTICLE 39 RENEWAL TERM......................................................71
SCHEDULE A RULES AND REGULATIONS............................................A-1
SCHEDULE B CLEANING SPECIFICATIONS..........................................B-1
SCHEDULE C LANDLORD'S WORK..................................................C-1
i
<PAGE>
EXHIBIT A FLOOR PLAN.......................................................AA-1
EXHIBIT B AC SPECIFICATIONS................................................BB-1
EXHIBIT C EXISTING CERTIFICATE OF OCCUPANCY................................CC-1
ii
<PAGE>
AGREEMENT OF LEASE, made as of the 30th day of March, 2000, 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:
"ADA" shall mean the Americans with Disabilities Act of 1990, Public
Law 101-336, U.S.C. (S)(S) 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 and Tenant, a
corporation or other entity which shall (1) control, (2) be under the control
of, or (3) be under common control with Landlord or Tenant, as the case may be.
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.
"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.
"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").
"Base Taxes" shall have the meaning set forth in Section 27.1 hereof.
"Broker" shall have the meaning set forth in Article 34 hereof.
<PAGE>
"Building" shall mean all the buildings, equipment and other
improvements and appurtenances of every kind and description now located or
hereafter erected, constructed or placed upon the land and any and all
alterations and replacements thereof, additions thereto and substitutions
therefor, known by the address of 787 Seventh Avenue, New York, New York.
"Building Systems" shall mean the mechanical, gas, electrical,
sanitary, heating, air conditioning, ventilating, elevator, plumbing,
life-safety and other service systems of the Building except for the
distribution portions located within the Premises.
"Business Date" shall have the meaning set forth in Section 28.2
hereof.
"Business Days" shall mean all days, excluding Saturdays, Sundays and
all days observed by either the State of New York or the Federal Government or
by the labor unions servicing the Building as legal holidays.
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