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2019-823 AMS - Ticon Inc. 405 Meadowlands lease
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2019-823 AMS - Ticon Inc. 405 Meadowlands lease
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Last modified
11/13/2019 3:14:31 PM
Creation date
11/12/2019 2:26:03 PM
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Contract
Date
11/7/2019
Contract Starting Date
11/8/2019
Contract Ending Date
10/31/2022
Contract Document Type
Lease
Amount
$97,500.00
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GENERAL TERMS <br /> 30. (a) "Landlord"as used in this Lease shall include the undersigned,its heirs,representatives,assigns and successors in title to <br /> the Premises. "Agent"as used in this Lease shall mean the party designated as same in Paragraph 3,its heirs,representatives,assigns <br /> and successors. `"Tenant"shall include the undersigned and its heirs,representatives,assigns and successors,and if this Lease shall be <br /> validly assigned or sublet, shall include also Tenant's assignees or sublessees as to the Premises covered by such assignment or <br /> sublease. "Landlord","Tenant", and"Agent"include male and female, singular and plural, corporation,partnership or individual,as <br /> may fit the particular parties, <br /> (b) No failure of Landlord to exercise any power given Landlord hereunder or to insist upon strict compliance by Tenant of <br /> its obligations hereunder and no custom or practice of the parties at variance with the terms hereof shall constitute a waiver of <br /> Landlord's right to demand exact compliance with the terms hereof. All rights, powers and privileges conferred hereunder upon <br /> parties hereto shall be cumulative and not restrictive of those given by law. <br /> (c)Time is of the essence in this Lease. <br /> (d) This Lease may be executed in one or more counterparts,which taken together,shall constitute one and the same original <br /> document. Copies of original signature pages of this Lease may be exchanged via facsimile or e-mail, and any such copies small <br /> constitute originals.This Lease constitutes the sole and entire agreement among the parties hereto and no modification of this Lease <br /> shall be binding unless in writing and signed by all parties hereto. The invalidity of one or more provisions of this Lease shall not <br /> affect the validity of any other provisions hereof and this Lease shall be construed and enforced as if such invalid provisions were not <br /> included. <br /> (e) Each signatory to this Lease represents and warrants that he or she has full authority to sign this Lease and such <br /> instruments as may be necessary to effectuate any transaction contemplated by this Lease on behalf of the party for whom he or she <br /> signs and that his or her signature binds such party. The parties acknowledge and agree that.(i)the initials Iines at the bottom of each <br /> page of this Lease are merely evidence of their having reviewed the terms of each page,and(ii)the complete execution of such initials <br /> lines shall not be a condition of the effectiveness of this Lease. <br /> (f) Upon request by either Landlord or Tenant,the parties hereto shall execute a short form lease(memorandum of lease)in <br /> recordable form, setting forth such provisions hereof(other than the amount of annual rental and other sums due)as either party may <br /> wish to incorporate. The cost of recording such memorandum of lease shall be borne by the party requesting execution of same. <br /> (g) If legal proceedings are instituted to enforce any provision of this Lease, the prevailing party in the proceeding shall be <br /> entitled to recover from the non-prevailing party reasonable attorneys fees and court costs incurred in connection with the proceeding. <br /> SPECIAL STIPULATIONS <br /> ® If this box is checked, additional terms of this Lease are set forth on Exhibit B attached hereto and incorporated herein by <br /> reference.(Note.Under North Carolina law,real estate agents are not permitted to draft lease provisions.) <br /> Page I I of 12 STANDARD FORM 592-T <br /> Revised 712019 <br /> Tenant Initials Landlord Initials 0 712p19 <br />
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