Preview | Sublease Agreement |

THIS SUBLEASE AGREEMENT is made and entered into this 1st day of April, 2000 between SAMUEL MARRAZZO and MARGARET MARRAZZO, husband and wife, (hereinafter Landlord) and YARDVILLE NATIONAL BANK, organized and existing under the laws of (hereinafter Tenant) for a portion of the premises, as hereinafter defined, located at 1400 Parkway Avenue, Trenton, New Jersey.

In consideration of the rents, covenants and conditions hereinafter reserved and contained, Landlord hereby agrees to lease to Tenant, and Tenant hereby agrees to hire from Landlord, the Leased Premises described herein.

Landlord and Tenant agree that the terms and conditions of this sublease are as set forth in this Sublease Agreement and the attached General Terms of Lease including, without limitation, the exhibits or riders referred to in the General Terms of Lease, all of which are incorporated herein and are hereinafter referred to collectively as the Lease.

On December 21, 1973, Ewing Associates (hereinafter Lessor) executed a Lease Agreement (hereinafter Ewing Lease) with The Grand Union Company (hereinafter Lessee) for the premises known as 1400 Parkway Avenue, Ewing Township, Mercer County, New Jersey (hereinafter Premises). A true and correct copy of the Ewing Lease is attached hereto, incorporated herein and marked as Exhibit A.

On July 9, 1979, The Grand Union Company (hereinafter Sublessor) executed a Sublease Agreement (hereinafter Grand Union Lease) with Frankford Quaker Grocery Company (hereinafter Frankford). Fleming Companies, Inc., an Oklahoma corporation, (hereinafter Sublessee) is successor in interest by merger to Frankford. A true and correct copy of the Grand Union Lease is attached hereto, incorporated herein and marked as Exhibit B.

On October 22, 1999, Fleming Companies, Inc., (hereinafter Fleming) entered into a Sub-Sublease Agreement (hereinafter Fleming Lease) with Marrazzos Market at Ewing, L.L.C., a New Jersey Limited Liability Company, (hereafter Marrazzos Market). A copy of the Fleming Lease is attached hereto as Exhibit C. By Agreement of Assignment dated March 30, 2000, Marrazzos Market assigned the Fleming Lease to Samuel Marrazzo and Margaret Marrazzo, husband and wife. A true and correct copy of the Agreement of Assignment is attached hereto and marked as Exhibit D.

Landlord herein has now agreed to Sublease a portion of the Premises to Tenant herein to be used a full service banking facility. Fleming has consented to this Sublease Agreement.

The terms of the Ewing Associates Lease, Grand Union Lease and Fleming Lease, hereinabove referred, are herein incorporated by reference with like force and effect as if the same had been fully set out, and Tenant herein acknowledges receipt of true and correct copies of all of said Leases.

2. CONSTRUCTION; PREPARATION FOR OCCUPANCY; PLANS AND SPECIFICATIONS.

Tenant agrees to be singularly responsible for and to construct or cause to be constructed the facility which Tenant will require to operate a full service banking facility, namely, the Leased Premises. This banking facility shall be constructed in strict accordance with plans and specifications approved by Landlord. Said plans and specifications are attached hereto and incorporated herein, marked as Exhibit E. All said improvements are to be made in strict compliance with any governmental or quasi-governmental body having jurisdiction over such construction and use. All construction is to be carried out in a manner that is compatible with ongoing construction that is taking place simultaneously therewith.

Tenant shall obtain or cause its contractors, agents, servants, workmen or any person used in the construction of the facility described above to provide insurance naming Landlord as an additional insured or protecting Landlord from any loss or liability whatsoever caused by or resulting from the construction of the Leased Premises as set forth in this

End of Preview

Home Intelligence Services Subscriptions News About Us