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- ΩPARTIES AND PREMISESφ
-
- τW(1), referred to in this lease as "Lessor," hereby leases
- to τW(3), referred to in this lease as "Lessee," those certain premises,
- referred to as "the premises,"
-
- ß(@5@ ==#107#)
- which is part of the main premises located at τW(6), τW(7), τW(8), τA(9).φß
-
- ß(@5@ ==#108#)
- located at τW(6), τW(7), τW(8), τA(9).φß
-
- The parties agree to be legally bound as follows:φ
-
- TERMφ
-
- The term of this lease shall be for the period of τW(10)
- year(s) commencing at 12:01 A.M. on the τ(11) day of
- τW(12), τW(13) and ending at 12:01 A.M. τ(10) year(s) later, unless
- sooner terminated as herein provided.φ
-
- RENTφ
-
- ß(@15@ == #107#)
- Lessee agrees to pay to Lessor as rent for the use
- and occupancy of the premises the sum of $α(14), payable monthly, each
- and every month on the τ(16) of each month. Commencing on τW(17), at the office of Lessor
- or such other place or places as Lessor may from time to time designate by written
- notice given to Lessee.φß
-
- ß(@15@ == #108#)
- Lessee agrees to pay to Lessor as rent for the use
- and occupancy of the premises the sum of $α(14), payable annually, each
- and every year on the τ(16) each year. Commencing on τW(17), at the office of Lessor
- or such other place or places as Lessor may from time to time designate by written
- notice given to Lessee.φß
-
-
- RENT INCREASED BY DIRECT EXPENSE INCREASED φ
-
- The basic rent as specified in this lease for each
- calendar year subsequent to the calendar year in which
- this lease is made shall be increased by Lessee's
- proportionate share of any increase in Direct Expenses
- incurred by Lessor for that year over the Direct Expenses
- incurred by Lessor for the calendar year in which this
- lease is made. The amount of the increase for the
- preceding calendar year shall be specified in a notice
- given to Lessee by Lessor 30 days before the increase
- becomes effective on the anniversary of the beginning of
- this lease and shall be payable by Lessee to Lessor at
- the place where the basic rent is then payable. For the
- purposes of this paragraph:φ
-
- (a) the term "Direct Expenses" shall mean all
- expenses incurred by Lessor each calendar year for the
- administration, operation, and maintenance of the
- Building where the premises are located, including by way
- of illustration but not by way of Limitation:
- (1) real and personal property taxes and assessments levied
- on the Building,
- (2) the costs of all utilities required, by leases or
- otherwise, to be furnished by Lessee to the Building,
- (3) insurance premiums on insurance policies insuring the
- Building,
- (4) the costs of janitorial services for the Building, and
- (5) labour and costs incurred in managing the Building and
- maintaining its elevators, hallways, exterior walls, roof,
- and other parts, facilities, and appurtenances; andφ
-
- (b) Lessee's proportionate share of any increase in Direct
- Expenses incurred by Lessor for any calendar year shall be
- determined by dividing the amount of floor space in the
- premises by the total amount of rentable floor space in the
- Building and multiplying the total increase in Direct Expenses
- for the year by the resulting percentage figure.
- The total amount of rentable floor space in the Building shall
- be determined by excluding from the total interior floor space
- of the Building the area occupied by common hallways, rest
- rooms, the building lobby, other common areas, the area required
- for the Building's heating and air conditioning equipment, the
- area required for storage of maintenance and janitorial supplies,
- and the basement of the Building but including the area occupied
- by Lessor's offices in the Building.φ
-
- ß(@18@ != #0#)
-
- EXTENDED TERMφ
-
- Should Lessee fully and faithfully perform all the
- terms and conditions of this lease for the full term
- specified, Lessee may extend this lease for a further
- term of τW(18), commencing on expiration of the full
- term specified in this lease, by giving Lessor written
- notice of Lessee's desire to so do at least 30 days prior
- to expiration of the original term of this lease.φ
-
- RENT DURING EXTENDED TERMφ
-
- Should this lease be extended as provided for above,
- the rent during such period of extension shall be equal
- to the rent specified in this lease for the initial
- period plus any addtional amount that may be added by the Lessor,
- which may be deemed appropriate.φß
-
- ß(@19@ == #107#)
- HOLD OVERφ
-
- Should Lessee hold over and continue in possession
- of the premises after expiration of the term of this
- lease or any extension thereof, Lessee's continued
- occupancy of the premises shall be considered a
- month-to-month tenancy subject to all the terms and
- conditions of this lease.φß
-
- LESSOR'S INABILITY TO DELIVER POSSESSIONφ
-
- Should Lessor for any reason be unable to deliver
- possession of the premises to Lessee on the date
- specified in this lease as the date on which the term of
- this lease is to commence, this lease shall not be void
- or voidable nor shall Lessor be liable to Lessee for any
- loss or damage resulting from such failure to deliver
- possession to Lessee so long as Lessor has exercised, and
- continues to exercise, reasonable diligence to deliver
- possession of the premises to Lessee. No rent shall,
- however, accrue or become due from Lessee to Lessor under
- this lease until the actual physical possession of the
- premises is delivered, or the right to actual
- unrestricted physical possession of the premises under
- this lease is tendered, by Lessor to Lessee. Furthermore,
- the term of this lease shall not be extended by Lessor's
- inability to deliver possession of the premises to Lessee
- on the date specified in this lease.φ
-
- USE OF PREMISESφ
-
- The premises shall be used for: τF(20)
- by Lessee and for no other use or uses without the express
- written consent of Lessor.φ
-
- PROHIBITED USESφ
-
- Lessee shall not commit or permit the commission of
- any acts on the premises nor use or permit the use of the
- premises in any way that:φ
-
- (a) will increase the existing rates for or cause cancellation
- of any fire, casualty, liability, or other insurance policy
- insuring the premises or the contents;φ
-
- (b) violates or conflicts with any law, statute, ordinance,
- or governmental rule or regulation, whether now in force or
- hereinafter enacted, governing the premises;φ
-
- (c) obstructs or interferes with the rights of other tenants
- or occupants in the Building where the premises are located or
- injures or annoys them; orφ
-
- (d) constitutes the commission of waste on the premises or the
- commission or maintenance of a nuisance.φ
-
- ALTERATIONSφ
-
- Lessee shall not make or permit any other person to
- make any alterations to the premises without the prior
- written consent of Lessor. Should Lessor consent to the
- making of any alterations to the premises by Lessee, the
- alterations shall be made at the sole cost and expense of
- Lessee by a contractor or other person selected by Lessee
- and approved in writing before work commences by Lessor.
- Any and all alterations, additions, or improvements made
- to the premises shall on expiration or sooner termination
- of this lease become the property of Lessor and remain on
- the premises; provided, however, that on expiration or
- sooner termination of this lease and written demand being
- given by Lessor, Lessee shall at Lessee's sole cost and
- expense remove all alterations, additions, and
- improvements made to the premises by Lessee and pay all
- costs of repairing any damages to the premises caused by
- their removal.φφφ
-
- MAINTENANCE AND REPAIRSφ
-
- Lessee admits, by entering into possession under
- this lease, that the premises are now in a good, clean,
- and safe condition and repair. Lessee shall, at all
- times during the term of this lease and any renewal or
- extension thereof, maintain, at Lessee's sole cost and
- expense, the premises, and every part of the premises, in
- a good, clean, and safe condition, and shall on
- expiration or sooner termination of this lease surrender
- the premises to Lessor in as good condition and repair as
- they are in on the date of this lease, reasonable wear
- and tear and damage by the elements excepted. Lessee
- hereby waives any right to make repairs to the premises
- at the expense of Lessor as provided by any law or
- statute now or hereafter enacted.φ
-
-
- ß(@24@ == #107#)
-
- INSPECTION BY LESSORφ
-
- Lessee shall permit Lessor or Lessor's agents,
- representatives, or employees to enter the premises at
- all reasonable times for the purpose of inspecting the
- premises to determine whether Lessee is complying with
- the terms of this lease and for the purpose of doing
- other lawful acts that may be necessary to protect
- Lessor's interest in the premises under this lease.φß
-
-
- MAINTENANCE AND PAYMENT OF UTILITY CHARGESφ
-
- ß(@25@ ==#108#)
- Lessee shall pay, and hold Lessor and the property of
- Lessor free and harmless from, all charges including
- gas, electricity, telephone service and for furnishing
- of other public utilities to the premises during the term
- of this lease or any extension thereof:φß
-
- ß(@25@ ==#107#)
- Lessor shall pay for the public utilities used on the
- premises during the term of this lease or any extension thereof:φß
-
- ß(@26@ ==#107#)
- Lessor shall pay for the furnishing of water and for the
- removal of garbage and rubbish from the premises.φß
-
- ß(@26@ ==#108#)
- Lessee shall be responsible for the furnishing of water
- and for the removal of garbage and rubbish from the premises.φß
-
- ß(@27@ ==#107#)
- Lessor shall pay for the Janitorial Service, for the premises.φß
-
- ß(@27@ ==#108#)
- Lessee is responsible for any Janitorial Services that maybe
- obtained for the premises.φß
-
-
- PERSONAL PROPERTY TAXESφ
-
- Lessee shall pay before they become delinquent all
- taxes, assessments, or other charges levied or imposed by
- any governmental entity on the furniture, trade fixtures,
- appliances, and other personal property placed by Lessee
- in, on, or about the premises including, without limiting
- the generality of the other terms used in this section,
- any shelves, counters, vaults, vault doors, wall safes,
- partitions, fixtures, machinery, plant equipment, office
- equipment, television or radio antennas, or communication
- equipment brought on the premises by Lessee.φ
-
- REAL PROPERTY TAXESφ
-
- All real property taxes and assessments levied or
- assessed against the premises by any governmental entity,
- including any special assessments imposed on or against
- the premises for the construction or improvement of
- public works in, on, or about the premises, shall be
- paid, before they become delinquent, by Lessor; provided,
- however, Lessee shall conduct no activity on the premises
- nor place any articles on the premises that will increase
- the real property taxes levied or assessed against the
- premises.φ
-
- DESTRUCTION OF PREMISESφ
-
- Should the premises or the Building of which they
- are a part be damaged or destroyed by any cause not the
- fault of Lessee, Lessor shall at Lessor's sole cost and
- expense promptly repair the same and the rent payable
- under this lease shall be abated for the time and to the
- extent Lessee is prevented from the premises in their
- entirety; provided, however, that should the cost of
- repairing the damage or destruction exceed 25 percent of
- the full replacement cost of the premises or the building
- of which the premises are a part,φ
-
- ß(@28@ ==#107#)
- Lessor may, in lieu of making the repairs required by this
- paragraph, terminate this lease by giving Lessee 30 days'
- written notice of such termination.φß
-
- φCONDEMNATION OF PREMISESφ
-
- Should all or any part of the premises be taken by
- any public or quasi-public agency or entity under the
- power of eminent domain during the term of this lease:φ
-
- (a) either Lessor or Lessee may terminate this lease by giving
- the other 30 days' written notice of termination; provided,
- however, that Lessee cannot terminate this lease unless the
- portion of the premises taken by eminent domain is so extensive
- as to render the remainder of the premises useless for the uses
- permitted by this lease;φ
-
- (b) any and all damages and compensation awarded or paid because
- of the taking, except for amounts paid Lessee for moving expenses
- or for damage to any personal property or trade fixtures owned by
- Lessee, shall belong To Lessor, and Lessee shall have no claim
- against Lessor or the entity exercising eminent domain power for
- the value of the unexpired term of this lease;φ
-
- (c) should only a portion of the premises be taken by eminent
- domain and neither Lessor nor Lessee terminates this lease, the
- rent thereafter payable under this lease shall be reduced by the
- same percentage that the floor area of the portion taken by eminent
- domain bears to the floor area of the entire premises; andφ
-
- (d) should any portion of the building containing the premises
- other than the premises be taken by eminent domain, Lessor may,
- at his option, terminate this lease.φ
-
- ASSIGNMENT OR SUBLEASINGφ
-
- ß(@29@ ==#107#)
- Lessee mayß
- ß(@29@ ==#108#)
- Lessee may notß
- encumber, assign, or otherwise transfer
- this lease, any right or interest in this lease, or any
- right or interest in the premises with the prior express
- written consent of Lessor. Lessee may sublet the
- premises or any part thereof or allow any other persons,
- including Lessee's agents and servants, to occupy or use
- the premises or any part thereof with the prior written
- consent of Lessor. A consent by Lessor to one
- assignment, subletting, or occupation and use by another
- person shall not be deemed to be a consent to any
- subsequent assignment, subletting, or occupation and use
- by another person. The consent of Lessor to any
- assignment of Lessee's interest in this lease or the
- subletting by Lessee of the premises shall not be
- unreasonably withheld.φ
-
-
- RULES AND REGULATIONSφ
-
- Lessee shall fully and faithfully comply with and
- observe the rules and regulations for the Building of
- which the premises are a part. The rules and regulations
- are attached at the end of this lease and are part of the
- terms of this document. Furthermore, Lessee shall fully
- and faithfully comply with all additions or amendments to
- such rules and regulations hereafter made by Lessor and
- communicated to Lessee by written notice given to Lessee
- by Lessor. Lessor shall not be liable in any way for
- failure of any other occupant of the Building of which
- the premises are a part to comply with and observe such
- rules and regulations.φ
-
- INDEMNITYφ
-
- Lessee shall indemnify and hold Lessor and the
- property of Lessor, including the premises, free and
- harmless from any and all liability, claims, loss,
- damages or expenses, including counsel fees and costs,
- arising by reason of the death or injury of any person,
- including Lessee or any person who is an employee or
- agent of Lessee, or by reason of damage to or destruction
- of any property, including property owned by Lessee or
- any person who is an employee or agent of Lessee, caused
- or allegedly caused by:φ
-
- (a) any cause whatsoever while such person or property is in
- or on the premises or in any way connected with the premises
- or with any personal property on the premises;φ
-
- (b) some condition of the premises;φ
-
- (c) some act or omission on the premises of Lessee or any person
- in, on, or about the premises with the permission of Lessee; orφ
-
- (d) any matter connected with Lessee's occupation and use of
- the premises.φφ
-
- ß(@30@ != #0#)
- LIABILITY INSURANCEφ
-
- Lessee shall, at its own cost and expense, secure
- within 10 days and maintain during the entire term of
- this lease and any renewals or extensions of such term a
- broad form comprehensive coverage policy of public
- liability insurance issued by an insurance company
- acceptable to Lessor and insuring Lessor against loss or
- liability caused by or connected with Lessee's occupation
- and use of the premises under this lease in amounts not
- less than:φ
-
- (a) $τ(30) for injury to or death of one person and,
- subject to such limitation for the injury or death of one
- person, of not less than $τ(30) for injury to or death of
- two or more persons as a result of any one accident or
- incident; andφ
-
- (b) $τ(30) for damage to or destruction of any property of
- others.φß
-
- ß(@31@ ==#107#)
- TRADE FIXTURES AS SECURITY FOR LEASEφ
-
- As security for the faithful performance of all the
- terms, conditions, and covenants of this lease to be
- performed by Lessee, Lessee hereby grants to Lessor a
- security interest in all trade fixtures and equipment
- owned by Lessee and now or hereafter placed on the
- premises by Lessee. Any right or rights of removal of
- trade fixtures given Lessee by the provisions of this
- lease shall be exercisable only if, at the time of the
- removal, Lessee is not in default in performance of this
- lease. Lessee may, however, at any time it is not in
- default in performance of this lease, trade in or replace
- any trade fixture free of the security interest created
- by this section and this security interest will then
- attach to the item that replaced such trade fixture. On
- default in performance of any obligation of this lease to
- be performed by Lessee, Lessor shall immediately have as
- to the trade fixtures the remedies provided to a secured
- party under the Uniform Commercial Code as enacted in
- Ontario.φß
-
- ß(@32@ ==#107#)
- UNREMOVED TRADE FIXTURESφ
-
- Any trade fixtures that are not removed from the
- premises by Lessee 30 days after this lease's expiration
- or sooner termination, regardless of cause, shall be
- deemed abandoned by Lessee and shall automatically become
- the property of Lessor as owner of the real property to
- which they are affixed.φß
-
- ACTS CONSTITUTING BREACHES BY LESSEEφ
-
- Lessee shall be guilty of a material default and
- breach of this lease should:φ
-
- (a) any rent be unpaid when due and remain unpaid for
- τ(33) days after written notice to pay such rent or surrender
- possession of the premises has been given to Lessee by Lessor;φ
-
- (b) Lessee default in the performance of or breach any provision,
- covenant, or condition of this lease other than one for the
- payment of rent and such default or breach is not cured within
- 30 days after written notice thereof is given by Lessor to Lessee;φ
-
- (c) Lessee breach this lease and abandon the premises before
- expiration of the term of this lease;φ
-
- (d) a receiver be appointed to take possession of all or
- substantially all of Lessee's property and not be discharged
- within 20 days after his or her appointment;φ
-
- (e) Lessee make a general assignment for the benefit of creditors; orφ
-
- (f) execution or attachment be levied on all or substantially all of
- Lessee's property and assets and not be discharged within 20 days.φ
-
- LESSOR'S REMEDIES FOR LESSEE'S DEFAULTφ
-
- Should Lessee be guilty of a material default and
- breach of this lease as defined in this lease, Lessor, in
- addition to any other remedies given Lessor by law or
- Equity, may:φ
-
- (a) continue this lease in effect by not terminating Lessee's
- right to possession of the premises and thereby be entitled to
- enforce all Lessor's right to recover the rent specified in this
- lease as it becomes due under this lease;φ
-
- (b) terminate Lessee's right to possession of the premises,
- thereby terminating this lease, and recover from Lessee:φ
-
- (1) the worth at the time of award of the Unpaid rent which had
- been earned at the time of termination of the lease;φ
-
- (2) the worth at the time of award of the amount by which the
- unpaid rent which would have been earned after termination of
- the lease until the time of award exceeds the amount of rental
- loss that Lessee proves could have been reasonably avoided;φ
-
- (3) the worth at the time of award of the amount by which the
- unpaid rent for the balance of the term after the time of award
- exceeds the amount of rental loss that Lessee proves could be
- reasonably avoided; andφ
-
- (4) any other amount necessary to compensate Lessor for all
- detriment proximately caused by Lessee's failure to perform
- Lessee's obligations under this lease; orφ
-
- (c) in lieu of, or in addition to, bringing an action for any
- or all of the recoveries described in this lease, bring an
- action to recover and regain possession of the premises in the
- manner provided by the laws of Ontario.φ
-
- WAIVER OF BREACHφ
-
- The waiver by Lessor of any breach by Lessee of any
- of the provisions of this lease shall not constitute a
- continuing waiver or a waiver of any subsequent breach by
- Lessee either of the same or another provision of this
- lease.φ
-
- UNAVOIDABLE DELAYSφ
-
- Should the performance of any act required by this
- lease to be performed by either Lessor or Lessee be
- prevented or delayed by reason of an act of God, strike,
- lockout, labor troubles, inability to secure materials,
- restrictive governmental laws or regulations, or any
- other cause, except financial inability, not the fault of
- the party required to perform the act, the time for
- performance of the act will be extended for a period
- equivalent to the period of delay and performance of the
- act during the period of delay will be excused; provided,
- however, that nothing contained in this section shall
- excuse the prompt payment of rent by Lessee as required
- by this lease or the performance of any act rendered
- difficult solely because of the financial condition of
- the party, Lessor or Lessee, required to perform the act.φ
-
- ß(@34@ == #107#)
- LEGAL FEESφ
-
- Should any litigation or arbitration be commenced
- between the parties to this lease concerning the
- premises, this lease, or the rights and duties of either
- in relation thereto, the party, Lessor or Lessee,
- prevailing in such litigation or arbitration shall be
- entitled, in addition to such other relief as may be
- granted, to a reasonable sum for its Legal fees.φß
-
- NOTICESφ
-
- Except as otherwise expressly provided by law, any
- and all notices or other communications required or
- permitted by this lease or by law to be served on or
- given to either party hereto by the other party hereto
- shall be in writing and shall be deemed duly served and
- given when personally delivered to (any member of) the
- party to whom they are directed, or in lieu of such
- personal service when deposited in the Canadian mail,
- first-class postage prepaid, addressed to Lessee at
- τW(35), τW(36), τW(37), τA(38), or to Lessor at τW(39), τW(40)
- τW(41), τA(42). Either party, Lessee or Lessor, may change
- his address for the purpose of this section by giving written
- notice of such change to the other party in the manner provided
- in this section.φ
-
- BINDING ON HEIRS AND SUCCESSORSφ
-
- This lease shall be binding on and shall inure to
- the benefit of the heirs, executors, administrators,
- successors, and assigns of the parties hereto, Lessor and
- Lessee, but nothing in this section contained shall be
- construed as a consent by Lessor to any assignment of
- this lease or any interest therein by Lessee.φ
-
- PARTIAL INVALIDITYφ
-
- Should any provision of this lease be held by a
- court of competent jurisdiction to be either invalid,
- void, or unenforceable, the remaining provisions of this
- lease shall remain in full force and effect unimpaired by
- the holding.φ
-
- SOLE AND ONLY AGREEMENTφ
-
- This instrument constitutes the sole and only
- agreement between Lessor and Lessee respecting the
- premises, the leasing of the premises to Lessee, or the
- lease term herein specified, and correctly sets forth the
- obligations of Lessor and Lessee to each other as of its
- date. Any agreements or representations respecting the
- premises or their leasing by Lessor to Lessee not
- expressly set forth in this instrument are void.φ
-
- TIME OF ESSENCEφ
-
- Time is expressly declared to be the essence of this
- lease.φφ
-
- ß(@44@ !=#0#)
- EXECUTED on ______ day of _________________, 19____, at τW(43),
- in the county of τW(44), in the state or province/territory of τW(45)φφß
-
- ß(@44@ ==#0#)
- EXECUTED on ______ day of _________________, 19____, at τW(43),
- in the state or province/territory of τW(45)φφß
-
-
- LESSORδ
- τW(1)φφ
-
-
- By:_______________________δ
- τW(2)φφ
-
-
- LESSEEδ
- τW(3)φφ
-
-
- By:________________________δ
- τW(4)φφ
-
- τA(44)δ
- τA(45)ε
-