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Agreement of Lease
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Title:
Agreement of Lease
Entities:
Citibank, NA; Osteotech, Inc.
Date:
2005
Size:
Preview shows 8KB of 126KB total
Price:
$61
ID:
#862497
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<SEQUENCE>9

<FILENAME>exlease.txt

<DESCRIPTION>EX. 10.63 LEASE DATED AUG. 5, 2005

<TEXT>

                               AGREEMENT OF LEASE







                                     between







                            201 INDUSTRIAL WAY, INC.



                                    Landlord







                                       and







                                 OSTEOTECH, INC.



                                     Tenant









                                    Premises:



               The land and the building and improvements thereon



              located at 201 Industrial Way, Eatontown, New Jersey,



designated as Block 3601, Lot 1 (formerly known as Block 134, Lot 2) on the Tax

                                   Map of the



                    Borough of Eatontown, County of Monmouth







                              Date: August 5, 2005







<PAGE>





                                TABLE OF CONTENTS





                                                                       Page





ARTICLE 1. DEMISE OF PREMISES............................................1

         Section 1.1      Demise.........................................1



ARTICLE 2. TERM..........................................................2

         Section 2.1      Initial Term...................................2

         Section 2.2      Renewal Period.................................2

         Section 2.3      Lease Year.....................................2



ARTICLE 3. RENT..........................................................3

         Section 3.1      Rent...........................................3

         Section 3.2      Fixed Rent.....................................3

         Section 3.3      Tenant's Tax Rent..............................4

         Section 3.4      Absolute Net Lease.............................5

         Section 3.5      [INTENTIONALLY OMITTED]........................6

         Section 3.6      [INTENTIONALLY OMITTED]........................6

         Section 3.7      Late Charge/Default Rate of Interest...........6

         Section 3.8      Security Deposit...............................6



ARTICLE 4. [INTENTIONALLY OMITTED].......................................7



ARTICLE 5. USE...........................................................7

         Section 5.1      Permitted Use..................................7

         Section 5.2      Prohibited Uses................................7



ARTICLE 6. ASSIGNMENT/SUBLETTING.........................................7

         Section 6.1      Consent Required...............................7

         Section 6.2      [INTENTIONALLY OMITTED]........................8

         Section 6.3      Consent of Landlord............................8

         Section 6.4      [INTENTIONALLY OMITTED]........................8

         Section 6.5      Tenant's Affiliates............................8

         Section 6.6      Continuation of Liability......................8



ARTICLE 7. REPAIRS AND MAINTENANCE.......................................8

         Section 7.1      Tenant's Obligations...........................8

         Section 7.2      Landlord's Obligations.........................9



ARTICLE 8. COMPLIANCE WITH LAW...........................................9

         Section 8.1      Legal Requirements.............................9

         Section 8.2      Hazardous Materials............................9

         Section 8.3      Environment Matters...........................10



ARTICLE 9. UTILITIES....................................................11



ARTICLE 10. ALTERATIONS.................................................11



ARTICLE 11. INSURANCE...................................................12

         Section 11.1      Tenant's Coverages...........................12

         Section 11.2      Failure to Maintain..........................13

         Section 11.3      Landlord's Coverages.........................13

         Section 11.4      Tenant's Premium Payment.....................15

         Section 11.5      Policies Generally...........................15

         Section 11.6      Waiver of Subrogation........................16

<PAGE>



ARTICLE 12. DAMAGE AND DESTRUCTION......................................17

         Section 12.1      Notice.......................................17

         Section 12.2      Casualty During Lease Years 1-8..............17

         Section 12.3      Casualty During Lease Years 9-20.............17

         Section 12.4      [INTENTIONALLY OMITTED]......................18

         Section 12.5      Effect on Lease..............................18



ARTICLE 13. EMINENT DOMAIN..............................................19

         Section 13.1      Taking.......................................19

         Section 13.2      Termination..................................19

         Section 13.3      Restoration by Landlord......................19

         Section 13.4      [INTENTIONALLY OMITTED]......................19

         Section 13.5      Effect on Lease..............................19

         Section 13.6      Award........................................20



ARTICLE 14. LANDLORD'S COVENANTS........................................20



ARTICLE 15. DEFAULT; REMEDIES AND DAMAGES...............................20

         Section 15.1      Event of Default.............................20

         Section 15.2      Remedies.....................................21



ARTICLE 16. UNAVOIDABLE DELAYS, FORCE MAJEURE...........................23



ARTICLE 17. NOTICES.....................................................23



ARTICLE 18. ACCESS......................................................24



ARTICLE 19. SIGNS.......................................................25



ARTICLE 20. END OF TERM.................................................25

         Section 20.1      Surrender....................................25

         Section 20.2      Survival.....................................25

         Section 20.3      Vacant Possession............................25



ARTICLE 21. HOLDING OVER................................................26



ARTICLE 22. INDEMNITY...................................................26



ARTICLE 23. SUBORDINATION...............................................27

         Section 23.1      Fee Mortgage.................................27

         Section 23.2      Subordination................................27

         Section 23.3      Attornment...................................27

         Section 23.4      Tenant's Financing Terms.....................27



ARTICLE 24. CERTIFICATES................................................28



ARTICLE 25. MISCELLANEOUS...............................................28

         Section 25.1      No Waiver....................................28

         Section 25.2      Relationship of Parties......................28

         Section 25.3      Recording....................................28

         Section 25.4      Captions.....................................28

         Section 25.5      Applicable Law...............................29

         Section 25.6      Mechanics Liens..............................29

         Section 25.7      Brokerage....................................29
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