Unofficial English translation from Hebrew original
|14. || |
Management of the Project and the Building
The Landlord shall be entitled to cause that a corporation that will engage in the management of the Building will be appointed or formed from time to time, whether by way of separate management and whether as management of part of the Project as a whole, including all its wings, including the Commercial Center, Building F, the Building and their maintenance (hereinafter: the Management Company). As long as such a corporation is not appointed or formed, or as long as the Management Company does not start with the management of the any of the areas in the Project, its buildings, the Commercial Center and maintenance thereof, or in the event such an appointment expired as said, the Landlord or anyone acting on its behalf will serve as the Management Company for the purpose of this Agreement.
The Management Company will set out the arrangements, rules and procedures relating to the management of the Project areas in whole, including the Building and their maintenance, and will lay down bylaws that will apply to all the tenants and the users of the Project areas and will monitor the enforcement and performance of such bylaws. The Tenant undertakes to sign with the Management Company the Management Agreement whose key principles are the principles laid down in this Section 14. The bylaws will be attached to the Management Agreement when the provisions set forth in the first part of this Section shall apply to the said bylaws.
In addition, the Management Company will provide, whether by itself and/or by subcontractors, management and maintenance services for the areas of the Project, including for the Building, including the supply of electricity in bulk for the Building and systems thereof, the collection of bills from the tenants and the possessors of the Building, in accordance with this Agreement and including services for the purpose of collecting the Rent, management fees and other payments for the consumption of electricity, cleaning and lighting of the public areas in the areas of the Project and the Building, both indoor and outdoor, air-conditioning for the indoor public areas, gardening in the public areas, maintenance, warranty and repairs of the electricity systems in the public areas, lighting, air-conditioning, elevators, escalators and all other systems and facilities that are used by all the users of the Project areas and the Building, installation, use and maintenance of different facilities for the use and enjoyment of the other tenants and/or visitors to the Building, signage, dwelling insurance for the areas of the Project including for the Building (excluding the content of the leased premises) third-party liability insurance in connection with the public areas, payment of municipal and governmental taxes applicable to the public areas and the maintenance of the parking lots and their operation, or any other service that is required for the purpose of managing and maintaining the Project areas including the Building (hereinafter: the Services).
[Signature and Stamp: Ogen Yielding Real Estate Ltd.]
[Signature and Stamp: AYALA-ONCOLOGY ISRAEL Ltd., Company Reg. No. 515748697]