Lease Agreement between Savoy IBP 8, Ltd. and RealPage, Inc. for 4120 International Parkway, Carrollton, Texas
This lease agreement is between Savoy IBP 8, Ltd. (landlord) and RealPage, Inc. (tenant) for office space at 4120 International Parkway, Carrollton, Texas. The lease covers 29,211 square feet and runs from September 1, 2006, to August 31, 2016, with options for renewal. RealPage, Inc. agrees to pay monthly rent, a security deposit, and a share of building expenses. The space is for general office use, and the agreement outlines responsibilities for maintenance, insurance, and other standard lease terms.
Page | ||||
Lease Date | iv | |||
Tenant | iv | |||
Tenants Address | iv | |||
Tenants Contact | iv | |||
Landlord | iv | |||
Landlords Address | iv | |||
Landlords Contact | iv | |||
Premises | iv | |||
Term | iv | |||
Basic Rental | iv | |||
Security Deposit | iv | |||
Rent | iv | |||
Permitted Use | iv | |||
Tenants Proportionate Share | v | |||
Tenant Allowance | v | |||
Comparable Buildings | v | |||
Lease Agreement | ||||
Definitions and Basic Provisions | 1 | |||
Lease Grant | 1 | |||
Term | 1 | |||
Rent | 1 | |||
Security Deposit | 3 | |||
Landlords Obligations | 4 | |||
Improvements; Alterations; Repairs; Maintenance | 8 | |||
Use | 10 | |||
Assignment and Subletting | 10 | |||
Insurance; Waivers; Subrogation; Indemnity | 13 | |||
Subordination; Attornment; Notice to Landlords Mortgagee | 14 | |||
Rules and Regulations | 15 | |||
Condemnation | 15 | |||
Fire or Other Casualty | 16 | |||
Events of Default | 17 | |||
Remedies | 18 | |||
Payment; Non-Waiver | 20 | |||
Landlords Lien | 20 | |||
Surrender of Premises | 21 | |||
Holding Over | 22 | |||
Certain Rights Reserved by Landlord | 22 | |||
Substitution Space | 23 | |||
Miscellaneous | 23 |
Exhibits | ||
Exhibit A | Outline of the Premises | |
Exhibit A-1 | Legal Description of the Land | |
Exhibit B | Building Rules and Regulations | |
Exhibit C | Operating Expenses | |
Exhibit D | Tenant Finish Work: Allowance | |
Exhibit D-1 | Shell Construction | |
Exhibit D-2 | Space Plan | |
Exhibit E | Renewal Option | |
Exhibit F | Parking | |
Exhibit G | Janitorial Specifications | |
Exhibit H | Signage Criteria | |
Exhibit I | Furniture | |
Exhibit J | Conduit | |
Exhibit J-1 | Conduit Diagram |
Page | ||
ADA | 8 | |
Affiliate | 13 | |
Annual Electrical Cost Statement | 1 | |
Annual Operating Statement | Exh. C | |
Basic Cost | Exh. C | |
Basic Lease Information | 1 | |
BOMA | iii | |
Building | iv | |
Building Systems | 5 | |
Casualty | 16 | |
Collateral | 21 | |
Commencement Date | iv, 1 | |
Comparable Buildings | i | |
Construction Hard Costs | Exh. D | |
Tenant Allowance | v, Exh. D | |
Controllable Expenses | Exh. C | |
Damage Notice | 16 | |
Electrical Costs | 2 | |
Event of Default | 17 | |
Excess | Exh. C | |
Expense Stop | Exh. C | |
Hard Construction Costs | Exh. D | |
Initial Liability Insurance Amount | 13 | |
Land | iv | |
Landlord | iv, 1 | |
Landlords Mortgagee | 14 |
Page | ||
Lease | v, 1 | |
Loss | 7 | |
Mortgage | 14 | |
Parking Area | Exh. F | |
Permitted Transfer | 12 | |
Premises | iv | |
Primary Lease | 14 | |
Project | iv | |
Rentable Square Feet | iv | |
Rentable Square Foot | iv | |
Security Deposit | iv 2 | |
Shell Construction | Exh. D | |
Substantial Completion | Exh. D | |
Substantially Completed | Exh. D | |
Substitution Effective Date | ||
Substitution Notice | ||
Substitution Space | ||
Taking | 15 | |
Taxes | Exh. C | |
Tenant | iii, 1 | |
Total Construction Costs | Exh. D | |
Total Rentable Square Feet | iii | |
Total Rentable Square Foot | iii | |
Transfer | 11 | |
UCC | 21 | |
Variable Basic Cost | Exh. C | |
Work | Exh. D | |
Working Drawings | Exh. D |
Lease Date: | August 28, 2006 | |
Tenant: | RealPage, Inc., a Delaware corporation | |
Tenants Address | 4000 International Parkway, Suite 1000 Carrollton, Texas 75007 | |
Contact: | Timothy J. Barker Telephone: 972 ###-###-#### | |
Landlord: | Savoy IBP 8, Ltd., a Texas limited partnership | |
Landlords Address: | 4100 International Parkway | |
Suite 1100 | ||
Carrollton, Texas 75007 | ||
Contact: | Mack Dennis Telephone: (972)  ###-###-#### | |
Premises: | Suite No. 1000, in the office building (the Building) located or to be located on the land described as International Business Park, Carrollton, Denton County, Texas, and whose street address is 4120 International Parkway, Carrollton, Texas 75007, as particularly described in Exhibit A-1 (the Land). The Building and Land together comprise the Project. The Premises are outlined on the plan attached to the Lease as Exhibit A and shall contain 29,211 square feet of rentable area (Total Rentable Square Feet of the Premises or singularly Total Premises Rentable Square Foot). The Building contains 99,804 of total square feet of rentable area (Total Rentable Square Feet of the Building or singularly Total Building Rentable Square Foot). | |
Term: | Commencing September 1, 2006 (the Commencement Date), and ending at 5:00 p.m. August 31, 2016, subject to earlier termination and extension as provided in the Lease. |
Annual Rate per | ||||||||||||
Rentable Square | Basic Monthly | |||||||||||
Basic Rental: | Period | Foot | Rental | |||||||||
September 1, 2006- | $ | 20.00 | $ | 48,685.00 | ||||||||
August 31, 2016 |
Security Deposit: | $48,685.00 due upon execution of the Lease as referenced in Section 5 of the Lease. |
Rent: | Basic Rental, Tenants share of Electrical Costs, Excess (if any), and all other sums that Tenant may owe to Landlord under the Lease. | |
Permitted Use: | General office use, as more fully defined herein. | |
Tenants Proportionate Share: | 29.268% (which is the percentage obtained by dividing the Total Rentable Square Feet of the Premises by the Total Rentable Square Feet of the Building). | |
Tenant Allowance: | $10.00 per Rentable Square Foot within the Premises. | |
Comparable Buildings: | As used herein or in the Lease, the term Comparable Buildings shall mean those low-rise garden style, multi-tenant, commercial office buildings completed on or after January 1, 1997, which are comparable to the Building in size, design, quality, use, and tenant mix, and which are located in the same market area (i.e., Plano area North of Frankford, East of I-35E, West of Preston Road and South of State Hwy. 121). |
a Texas limited partnership
a Texas Limited Liability Company
its general partner
By: Name: | /s/ Mack W. Dennis | |||
Title: | Senior Vice President |
By: Name: | /s/ Stephen T. Winn | |||
Title: | Chairman, CEO & President |
DEFINITIONS AND BASIC PROVISIONS | 1. The definitions and basic provisions set forth in the Basic Lease Information (the Basic Lease Information) executed by Landlord and Tenant contemporaneously herewith are incorporated herein by reference for all purposes. To the extent of any conflict between the Basic Lease Information and any provision contained in this Lease, this Lease shall control. | |
LEASE GRANT | 2. Subject to the terms of this Lease, Landlord leases to Tenant, and Tenant leases from Landlord, the Premises. | |
TERM | 3. The Term shall commence September 1, 2006 (the Commencement Date), and end at 5:00 p.m. August 31, 2016, subject to renewal options as provided in Exhibit E. Landlord shall deliver possession of the Premises to Tenant upon execution hereof. By occupying the Premises, Tenant shall be deemed to have accepted the Premises in their condition as of the date of such occupancy, subject to Landlords completion of any related punch-list items. Tenant shall execute and deliver to Landlord, within ten (10) days after Landlord has requested same, a letter confirming (1) the Commencement Date, (2) that Tenant has accepted the Premises, and (3) that Landlord has performed all of its obligations with respect to the Premises. | |
RENT | 4. (a) Payment. Tenant shall timely pay to Landlord the Rent without deduction or set off (except as otherwise expressly provided herein), at Landlords Address (or such other address as Landlord may from time to time designate in writing to Tenant). Basic Rental shall be payable monthly in advance. The first full monthly installment of Basic Rental shall be payable contemporaneously with the execution of this Lease; thereafter, monthly installments of Basic Rental shall be due on the first day of each succeeding calendar month during the Term. Basic Rental for any partial month at the beginning or end of the Term shall be prorated based upon the number of days within the Term during the partial month multiplied by 1/365 of the then current annual Basic Rental and shall be due on or before the fifth day immediately preceding the Commencement Date, or first day of the last calendar month of the Term, as applicable. | |
(b) Electrical Costs. Tenant shall pay to Landlord an amount equal to the product of (1) the cost of all electricity used by the Project (Electrical Costs), multiplied by (2) Tenants |
Proportionate Share plus (3) the actual cost of any submetered electrical usage in the Premises. Such amount shall be payable monthly based on Landlords reasonable estimate of the amount due for each month, and shall be due on the Commencement Date and on the first day of each calendar month thereafter. | ||
At Tenants election, and subject to Landlords prior approval, Tenant may install a wattage-based electrical submetering system (Submetering System) for the Premises to capture Tenants actual use of electricity, including the 24/7 RTU (roof top unit(s)) in the Premises. Where Tenant installs the Submetering System, the preceding paragraph shall no longer apply, and Tenant then shall pay to Landlord an amount equal to the product of (1) the actual cost of all electricity used by the Project for the Projects common areas (Electrical Costs), multiplied by Tenants Proportionate Share plus (2) the actual cost of any submetered electrical usage in the Premises. Such amount shall be payable monthly based on Landlords reasonable estimate of the amount due for each month, and shall be due on the Commencement Date and on the first day of each calendar month thereafter. Provided Tenant implements the Submetering System on or before March 31, 2007, Tenant may include the Submetering Systems as part of the Tenant Allowance hereunder. | ||
(c) Annual Electrical Cost Statement. By April 1 of each calendar year, or as soon thereafter as practicable, Landlord shall furnish to Tenant a statement of Landlords actual Electrical Costs (the Annual Electrical Cost Statement) for the previous year adjusted as provided in Section 4.(d), which shall include a reconciliation of the actual amount Tenant owes for its share of Electrical Costs against any estimated amount collected from Tenant. If such reconciliation shows that Tenant paid more than owed, then Landlord shall reimburse Tenant by check or cash for such excess within thirty (30) days after delivery of the Annual Electrical Cost Statement; conversely, if Tenant paid less than it owed, then Tenant shall pay Landlord such deficiency within thirty (30) days after delivery of the Annual Electrical Cost Statement. | ||
(d) Adjustments to Electrical Costs. With respect to any calendar year or partial calendar year in which the Building is not occupied to the extent of 95% of the rentable area thereof, the Electrical Costs for such period shall, for the purposes hereof, be increased to the amount which would have been incurred had the Building been occupied to the extent of 95% of the rentable area thereof. |
(e) Delinquent Payment. Subject to the one-time exception provided below, if any payment required by Tenant under this Lease is not paid when due, Landlord may charge Tenant a fee equal to 5% of the delinquent payment to reimburse Landlord for its cost and inconvenience incurred as a consequence of Tenants delinquency. Said late charge shall be waived one time during any consecutive twelve (12) month period (i.e., upon waiver of a late charge, it shall not again be waived until at least twelve (12) months has passed since the late charge has been waived) provided full payment is received by Landlord within ten (10) business days of notice as provided within Section 15.(a) written below. In no event shall the charges permitted under Section 4.(e) or elsewhere in this Lease, to the extent the same are considered to be interest under applicable law, exceed the maximum lawful rate of interest. | ||
(f) Taxes. Tenant shall be liable for all taxes levied or assessed against personal property, furniture, or fixtures placed by Tenant in the Premises. If any taxes for which Tenant is liable are levied or assessed against Landlord or Landlords property and Landlord elects to pay the same, or if the assessed value of Landlords property is increased by inclusion of such personal property, furniture or fixtures and Landlord elects to pay the taxes based on such increase, then Tenant shall pay to Landlord, within ten (10) days of demand, that part of such taxes for which Tenant is primarily liable. | ||
(g) Excess. Tenant shall pay the Excess in the Basic Cost over the Expense Stop as such terms are defined in Exhibit C. | ||
SECURITY DEPOSIT | 5. Contemporaneously with the execution of this Lease, Tenant shall pay to Landlord, in immediately available funds, the Security Deposit, which shall be held by Landlord without liability for interest and as security for performance by Tenant of its obligations under this Lease. The Security Deposit is not an advance payment of Rent or a measure or limit of Landlords damages upon an Event of Default (defined below). Landlord may, from time to time upon written notice to Tenant and without prejudice to any other remedy, use all or a part of the Security Deposit to perform any obligation which Tenant was obligated, but failed to perform hereunder. Following any such application of the Security Deposit, Tenant shall pay to Landlord on demand the amount so applied in order to restore the Security Deposit to its original amount. Within thirty (30) days after the expiration of the Term, as may have been extended, provided Tenant has performed all of its obligations hereunder, Landlord shall return |
to Tenant the balance of the Security Deposit not applied to satisfy Tenants obligations. If Landlord transfers its interest in the Premises, then Landlord may assign the Security Deposit to the transferee and Landlord thereafter shall have no further liability for the return of the Security Deposit to Tenant. | ||
LANDLORDS OBLIGATIONS | 6. (a) Services; Maintenance. Landlord shall furnish to Tenant (1) potable water (hot and cold) at those points of supply provided for general use of tenants of the Building; (2) heated and refrigerated air conditioning from 7 a.m. to 7 p.m. Monday through Friday and 7 a.m. to 2 p.m. on Saturday, except for New Years Day, Memorial Day, Independence Day, Labor Day, Thanksgiving Day, and the Friday following Thanksgiving Day, and Christmas Day (which days shall be collectively referred to herein as Holidays) sufficient to maintain temperatures during these hours as follows: (a) in the winter a minimum of 70 degrees Fahrenheit dry bulb when the outside temperature is not less than 10 degrees Fahrenheit dry bulb and (b) in the summer a maximum of 78 degrees Fahrenheit dry bulb when the outside temperature is not more than 105 degrees Fahrenheit dry bulb, in each case for those portions of the Premises in which temperature is not affected by computer and other heat generating equipment (other than desk top laser printers, personal computers and other machines of similar low electrical consumption except in areas where more than two (2) such machines operation per employee desk; (3) janitorial service to the Premises on weekdays other than Holidays (Landlord reserves the right to bill Tenant separately for extra janitorial service required for any special improvements installed by or at the request a Tenant) and such window washing as may from time to time in Landlords judgment be reasonably required, such janitorial services to be generally in accordance with those services described in Exhibit G; (4) non-exclusive elevator for ingress and egress to the floors on which the Premises are located; (5) replacement of Building-standard light bulbs and fluorescent tubes; provided that Landlords standard charge for such bulbs and tubes shall be paid by Tenant; and (6) electrical current (subject to Tenants obligation to pay its share of Electrical Costs as provided herein). If Tenant desires heat and air conditioning at any time other than times herein designated, such services shall be supplied to Tenant upon reasonable advance notice and Tenant shall pay to Landlord $40.00 per hour (minimum two hours) for each additional hour (prorated and rounded up to the nearest quarter hour) such services are provided, Landlord shall generate a monthly invoice for such usage, and such amount shall being payable in arrears in the month next following the month in which such service was |
provided. Landlords obligation to furnish services under this Section shall be subject to the rules, regulations and other conditions or requirements of the supplier of such services and any applicable government entity or agency therefore. | ||
(b) Maintenance. Landlord shall maintain all Shell Construction items, Building Systems (defined below), and Building common areas including all parking areas and landscaping, in good order and condition as customary for Comparable Buildings. Building Systems shall include all electrical, plumbing, and air conditioning systems within the Building which either were included in the Shell Construction or which were installed by Tenant pursuant to this Lease and which meet the following requirements: (i) properly approved by Landlord; (ii) installed in conformance with all plans and specifications as approved by Landlord; (iii) Tenant shall have informed Landlord in writing of the name, address, phone number and contact person of the contractor responsible for the installation of such system; (iv) Tenant shall have assigned in writing all contractors and manufacturers warranties received by Tenant in connection with such system; and (v) in connection with Tenants contracting for the installation thereof, Landlord shall have been expressly named as a third party beneficiary to, and shall have been provided copies of, such contract and any related warranties. Notwithstanding the foregoing, Building Systems shall not include any improvements made to or within the Premises which differ from the base building systems or are otherwise specialized to Tenants use and occupancy of the Premises and not customary for office tenants in Comparable Buildings. Any such improvement shall be maintained and repaired by Tenant, at its sole cost and expense, with contractors and subcontractors approved by Landlord in writing and otherwise in accordance with the provisions of Subsections 7(b) and 7(d) below. Landlord agrees to provide services and to maintain the Building in a manner consistent with the services and maintenance provided to office tenants in Comparable Buildings; provided, however, all costs and expenses associated with the maintenance, repair and/or replacement of any item, element or component of Building Systems which was installed by or at the request of Tenant (except as approved above) shall be borne solely by Tenant, and Tenant agrees to reimburse Landlord for all such costs and expenses within fifteen (15) days after receipt of an invoice therefor. | ||
(c) Excess Electrical Use. Landlord shall use reasonable efforts to furnish electrical current for computers, electronic data processing equipment, special lighting, or other |
equipment that requires more than 120 volts, or other equipment whose electrical energy consumption exceeds normal office usage, through any existing feeders and risers serving the Building and the Premises. Tenant shall not install any electrical equipment requiring special wiring or requiring voltage in excess of 120 volts or otherwise exceeding Building capacity unless approved in advance by Landlord, which approval shall not be unreasonably delayed, withheld or conditioned. The use of electricity in the Premises shall not exceed the capacity of existing feeders and risers to or wiring in the Premises. Any risers or wiring required to meet Tenants excess electrical requirements shall, upon Tenants request, be installed by Landlord (unless otherwise agreed by Landlord) at Tenants expense, if in Landlords sole and absolute judgment, the same are necessary and shall not cause permanent damage or injury to the Building or the Premises, cause or create a dangerous or hazardous condition, entail excessive or unreasonable alterations, repairs, or expenses, or interfere with or disturb other tenants of the Building. If Tenant uses machines or equipment (other than general office machines, excluding computers and electronic data processing equipment) in the Premises which affect the temperature otherwise maintained by the air conditioning system or otherwise overload any utility, after thirty (30) days written notice to Tenant, during which time Tenant shall have the opportunity to cease such overload activities or agree to provide supplemental air conditioning units, and if Tenant fails to do either, then Landlord may install supplemental air conditioning units or other supplemental equipment in the Premises, and the cost thereof, including the cost of installation, operation, use, and maintenance, shall be paid by Tenant to Landlord within ten (10) days after Landlord has delivered to Tenant an invoice therefor. At the time of Tenants submission of plans and specifications for Landlords approval pursuant to Section 7 herein or Exhibit D to this Lease, Landlord and Tenant shall cooperate in good faith to identify any fixtures, equipment and/or appliances to be installed or placed in the Premises which fixtures, equipment or appliances would exceed the normal and customary electrical use and consumption of typical office tenants in Comparable Buildings, would affect the temperature otherwise maintained by the air conditioning system, or would require electric capacity in excess of any planned or existing feeders, risers, or wiring to the Premises. | ||
(d) Restoration of Services; Abatement. Landlord shall use reasonable efforts to restore any service that becomes unavailable; however, such unavailability shall not render |
Landlord liable for any damages caused thereby, be a constructive eviction of Tenant, constitute a breach of any implied warranty, or except as provided in the next sentence, entitle Tenant to any abatement of Tenants obligations hereunder. However, if Tenant is prevented from making reasonable use of all or a portion of the Premises for more than five (5) consecutive business days because of the unavailability of any such service, Tenant shall, as its exclusive remedy therefor, be entitled to abatement of Rent, or the pro rata portion thereof equivalent to the portion of the Premises rendered unusable to the entire Premises, for each consecutive day (after such five (5) business day period) that Tenant is so prevented from making reasonable use of the Premises or the applicable portion thereof. | ||
(e) Access. Subject to any Building rules and regulations, necessary repairs and maintenance, and any events beyond Landlords reasonable control which would prevent access, Tenant shall have access to the Premises twenty-four (24) hours a day, seven (7) days a week. The Building shall include twenty-four (24) hour access by security card which cards shall be provided to Tenant upon payment of a $10 refundable deposit per card. Tenant may install its own, independent security card system for controlling access to, from and within the Premises, and Landlord shall, to the extent reasonably practicable, work with Tenant to integrate Tenants card access system with the Building card access system so that the access control system at the main entrance to the Building could be operated by Tenants access cards as well as Landlords access cards. Tenant shall provide Landlord, at no cost to Landlord, not less than two (2) master access cards to Tenants security card system which will permit Landlord access to all portions of the Premises at all times. An on-site security patrol (within and for the benefit of the entire International Business Park of which the Building is a part and not solely within or for the sole benefit of the Building) will be provided for approximately ten (10) hours per night, seven (7) nights per week. Such patrol will provide escort service to Tenants employees to and from the Building and the Parking Area during those hours which such patrol is provided and upon such notice as may be reasonably required by such patrol. NOTWITHSTANDING ANYTHING TO THE CONTRARY HEREIN, LANDLORD SHALL HAVE NO RESPONSIBILITY TO PREVENT, AND SHALL NOT BE LIABLE TO TENANT, ITS EMPLOYEES; AGENTS, NOR ANY OTHER PERSON FOR LOSSES DUE TO THEFT OR BURGLARY, OR FOR DAMAGES OR INJURY TO PERSONS OR PROPERTY DONE BY PERSONS GAINING ACCESS TO THE PROJECT |
OR THE PREMISES EVEN IF CAUSED IN WHOLE OR PART BY THE NEGLIGENCE OF LANDLORD, ITS EMPLOYEES, AGENTS OR CONTRACTORS, EXCEPT TO THE EXTENT CAUSED BY THE GROSS NEGLIGENCE ORWILFUL MISCONDUCT OF LANDLORD, AND TENANT HEREBY RELEASES LANDLORD FROM ALL LIABILITY FOR SUCH LOSSES, DAMAGES AND/OR INJURY. | ||
IMPROVEMENTS, ALTERATIONS, REPAIRS, MAINTENANCE | 7. (a) Improvements; Alterations. No improvements or alterations in or upon the Premises, including not by limitation paint, wall coverings, floor coverings, light fixtures, window treatments, signs, advertising, or promotional lettering or other media, shall be installed or made by Tenant except in accordance with plans and specifications which have been previously submitted to and approved in writing by Landlord, which approval shall not be unreasonably withheld or delayed except that Landlord may withhold approval of any improvements or alterations which it determines, in its sole opinion, will materially and adversely affect any structural or aesthetic (only to the extent visible from outside the Premises or common areas) aspect of the Building or Building Systems. All improvements and alterations (whether temporary or permanent in character) made in or upon the Premises, either by Landlord or Tenant, shall (i) comply with all applicable laws, ordinances, rules and regulations, and (ii) be Landlords property at the end of the Term and shall remain on the Premises without compensation to Tenant unless prior to installation, Tenant provides Landlord with written notice of all items which may be removed by Tenant and Landlord consents to such removal in advance. Such consent shall not be unreasonably withheld provided Landlord may condition such consent as it deems reasonably necessary including not by limitation requiring Tenant to replace any items upon removal with similar items comparable to any such items in the Building or, if not applicable, then Comparable Buildings. Approval by Landlord of any of Tenants drawings and plans and specifications prepared in connection with any improvements in the Premises shall not constitute a representation or warranty of Landlord as to the adequacy or sufficiency of such drawings, plans and specifications, or the improvements to which they relate, for any use, purpose, or condition, but such approval shall merely be the consent of Landlord as required hereunder. Landlord warrants and agrees that it shall complete the Building Shell Construction in compliance with all then applicable governmental laws, rules and regulations, including not by limitation the Americans with Disabilities Act (ADA) and the Texas Accessibility Standards (TAS) Article 9102, Texas Civil Statutes, The Administrative |
Rules of the Texas Department of Licensing and Regulation. Thereafter, notwithstanding anything in this Lease to the contrary, Tenant shall be responsible for all costs incurred to cause the Premises to comply with any such laws, rules or regulations, including not by limitation the retrofit requirements of the ADA and TAS, as may be amended. | ||
(b) Tenant Repairs; Maintenance. Except for those janitorial services to be provided by Landlord as expressly provided in this Lease, Tenant shall maintain its personal property and all improvements or alterations to the Premises other than those items included in Shell Construction (including all heating, ventilation and air conditioning systems (HVAC) as described in Exhibit D-1 from the point of supply to the point of entry into the Premises),which shall be maintained by Landlord, in a clean, safe, operable, attractive condition, and shall not permit or allow to remain any waste or damage to any portion of the Premises. Subject to the provisions of Section 10.(b) and 14, and normal wear and tear, Tenant shall repair or replace, subject to Landlords direction and supervision, any damage to the Project caused by Tenant or Tenants agents, contractors, or invitees. If Tenant fails to commence and diligently pursue such repairs or replacements within fifteen (15) days after the occurrence of such damage, then Landlord, upon written notice to Tenant, may make the same at Tenants expense, which shall be payable to Landlord within ten (10) days after Landlord has delivered to Tenant an invoice therefor. | ||
(c) Performance of Work. All work described in this Section 7 shall be performed only by Landlord or by contractors and subcontractors approved in writing by Landlord. Tenant shall cause all contractors and subcontractors to procure and maintain insurance coverage against such risks, in such amounts, and with such companies as Landlord may reasonably require. All such work shall be performed in accordance with all legal requirements and in a good and workmanlike manner so as not to damage the Premises, the structure of the Building, or plumbing, electrical lines, or other utility transmission facilities or Building mechanical systems. All such work which may affect the Buildings electrical, mechanical, plumbing or other systems must be approved by the Buildings engineer of record. | ||
(d) Mechanics Liens. Tenant shall not permit any mechanics liens to be filed against the Project for any work performed, materials furnished, or obligation incurred by or at the request of Tenant. If such a lien is filed, then Tenant shall, within thirty (30) days after Landlord has delivered notice of the filing to |
Tenant, either pay the amount of the lien or diligently contest such lien and deliver to Landlord a bond or other security reasonably satisfactory to Landlord. If Tenant fails to timely take either such action, then Landlord may pay the lien claim without inquiry as to the validity thereof, and any amounts so paid, including expenses and interest, shall be paid by Tenant to Landlord within ten (10) days after Landlord has delivered to Tenant an invoice therefore. | ||
USE | 8. Tenant shall occupy and use the Premises only for the Permitted Use and shall comply with all laws, orders, rules, and regulations relating to the use, condition, and occupancy of the Premises. General Office use includes but is not limited to operation of a data center, call center, computer room, customer training center and software reproduction, packaging and shipping center; software development; web page design and hosting; product support; sales and administration; with some functions operational 24 hours per day, 7 days per week. The Premises shall not be used for (i) any use which is disreputable, (ii) creates extraordinary fire hazards, (iii) results in an increased rate of insurance on the Building or its contents, or (iv) the storage of any hazardous materials or substances in violation of environmental laws. If, because of Tenants acts, the rate of insurance on the Building or its contents increases, Tenant shall pay to Landlord the amount of such increase on demand, and acceptance of such payment shall not constitute a waiver of any of Landlords other rights. Tenant shall conduct its business and control its agents, employees, and invitees in such a manner as not to create any nuisance or interfere with other tenants or Landlord in its management of the Project. Landlord agrees not to lease space in the Project to a competitor of Tenant (as described in Section 23.(s)) during the term of this Lease, including any renewals or extensions. | |
ASSIGNMENT AND SUBLETTING | 9. (a) Transfers; Consent. Other than permitted transfers as described below, Tenant shall not, without the prior written consent of Landlord, which consent shall not be unreasonably withheld or delayed, (1) advertise that any portion of the Premises is available for lease (excluding the engagement of a real estate broker to market sublease space), (2) assign, transfer, or encumber this Lease or any estate or interest herein whether directly or by operation of law, (3) if Tenant is an entity other than a corporation whose stock is publicly traded, permit the transfer of an ownership interest in Tenant so as to result in a change in the current control of Tenant, (4) sublet any portion of the Premises, (5) grant any license, concession, or other right of occupancy of any portion of the Premises, or (6) permit the use of |
the Premises by any parties other than Tenant (any of the events listed in Sections 9.(a)(2) through 9.(a)(6) being a Transfer). If Tenant requests Landlords consent to a Transfer, then Tenant shall provide Landlord with a written description of all terms and conditions of the proposed Transfer, copies of the proposed documentation, and the following information about the proposed transferee: name and address; reasonably satisfactory information about its business and business history; its proposed use of the Premises; and general references sufficient to enable Landlord to determine the proposed transferees reputation and character. Landlord shall respond in writing to Tenants request for a Transfer within ten (10) business days of receipt of written request therefor. Tenant shall reimburse Landlord for its attorneys fees and other expenses incurred in connection with considering any request for its consent to a Transfer (not to exceed $500 per request). Landlord shall not unreasonably withhold, delay or condition its consent except that Landlord may withhold or condition its consent if it reasonably determines that the proposed transferee or its use (including not by limitation the number of employees, hours of operation, parking requirements, electrical or other Building system requirements, conflicts or competition with existing tenants) is unacceptable, would burden the Building, or are incompatible with the Building or its occupants. If Landlord consents to a proposed Transfer, then the proposed transferee shall deliver to Landlord a written agreement whereby it expressly assumes the Tenants obligations hereunder; however, any transferee of less than all of the space in the Premises shall be liable only for obligations under this Lease that are properly allocable to the space subject to the Transfer, and only to the extent of the rent it has agreed to pay Tenant therefor. Landlords consent to a Transfer shall not release Tenant from performing its obligations under this Lease, but rather Tenant and its transferee shall be jointly and severally liable therefor. Landlords consent to any Transfer shall not waive Landlords rights as to any subsequent Transfers. If an Event of Default occurs while the Premises or any part thereof are subject to a Transfer, then Landlord, in addition to its other remedies, may collect directly from such transferee all rents becoming due to Tenant and apply such rents against Rent. Tenant authorizes its transferees to make payments of rent directly to Landlord upon Tenants receipt of notice from Landlord to do so; however, Landlord shall not be obligated to accept separate Rent payments from any transferees and may require that all Rent be paid directly by Tenant. |
(i) Permitted Transfers. Tenant shall be permitted without the consent of Landlord, to periodically sublet portions of the Premises or to assign this Lease to any Affiliate of Tenant so long as the Premises continue to be used solely for the Permitted Use and the parking requirements of the subtenant or assignee are no greater than those of Tenant (such transfer being deemed a Permitted Transfer). As used herein, Affiliate shall mean any person or entity, directly or indirectly, through one or more intermediaries, controlling, controlled by or under common control with Tenant, or any person or entity merging with Tenant, or acquiring the majority of the voting stock of Tenant, or acquiring all or substantially all of the assets of Tenant. As used herein control shall mean the possession, directly or indirectly, of the power to direct or cause the direction of the management of and policies of such controlled person or entity. Following any such assignment or subletting, Tenant shall remain primarily liable for all present and future obligations under this Lease, or if Tenant no longer exists because of a merger or acquisition, the surviving or acquiring entity shall expressly assume the obligations of Tenant hereunder. Tenant shall promptly notify Landlord in writing within ten (10) days after such assignment or subletting. | ||
(b) Additional Compensation. Tenant shall pay to Landlord, immediately upon receipt thereof, one-half (1/2) of all rent received by Tenant for a Transfer (other than a Permitted Transfer) that exceeds the Rent allocable to the portion of the Premises covered thereby after Tenant has recovered from any such excess all costs associated with such assignment or subletting, (i.e. marketing, advertising and promotional costs, real estate commissions, legal fees and construction costs). Tenant shall hold such amounts in trust for Landlord and pay them to Landlord within ten (10) days after receipt. | ||
(c) Cancellation. Notwithstanding anything to the contrary herein, Landlord shall have the option, upon any request by Tenant for Landlords approval of a Transfer (i) of more than thirty percent (30%) (in the aggregate including those Transfers, then in effect and as then requested) of the Premises and (ii) where the Basic Rental payable under the terms of all such Transfers (including the proposed Transfer) exceeds the total Basic Rental provided by the Lease, to terminate this Lease as to, and retake possession of, that portion of the Premises as would be subject to such requested Transfer. Such termination shall be effective as of the date on which such transfer was to be effective. If Landlord terminates this Lease as to any portion of the |
Premises, then this Lease shall cease for such portion of the Premises; and Tenant shall pay to Landlord all Rent accrued through the termination date relating to the portion of the Premises covered by the proposed Transfer and unamortized brokerage commissions (amortized on a straight-line basis over the initial Term of the Lease) paid or payable by Landlord in connection with this Lease to the brokerage firms listed in Section 23.(d) that are allocable to such portion of the Premises. Thereafter, Landlord may lease such portion of the Premises to the prospective transferee (or to any other person) without liability to Tenant. In such event, prior to the effective date of such termination, and subject to Landlords direction and supervision, Tenant shall be solely responsible for the cost and construction of a wall demising the remaining Premises from the portion of the Premises as to which the Lease is terminated. | ||
INSURANCE; WAIVERS; SUBROGATION INDEMNITY | 10. (a) Insurance. Tenant shall at its expense procure and maintain; throughout the Term the following insurance policies: (1) commercial general liability insurance in amounts of not less than a combined single limit of $5,000,000 (the Initial Liability Insurance Amount) or such other amounts as Landlord may from time to time reasonably require, insuring Tenant, Landlord, Landlords agents, and their respective affiliates against all liability for injury to of death of a person or persons or damage to property arising from the use and occupancy of the Premises, and (2) insurance covering the full value of Tenants property and improvements, and other property (including property of others), in the Premises. Tenants insurance shall provide primary coverage to Landlord when any policy issued to Landlord provides duplicate or similar coverage, and in such circumstance Landlords policy will be excess over Tenants policy. Tenant shall furnish certificates of such insurance and such other evidence satisfactory to Landlord of the maintenance of all insurance coverage required hereunder, and Tenant shall obtain a written obligation on the part of each insurance company to notify Landlord at least thirty (30) days before cancellation or a material change of any such insurance. All such insurance policies shall be in form, and be issued by companies, reasonably satisfactory to Landlord. The term affiliate shall mean any person or entity which, directly or indirectly, controls, is controlled by, or is under common control with the party in question. Landlord shall maintain commercial general liability insurance covering the Land and Building in amounts not less than a combined single limit of $5,000,000 or such other amounts as Landlord may reasonably determine. |
(b) Waiver of Claims; No Subrogation. Neither Landlord nor Tenant shall have any liability to the other for any damage or injury to the property of Landlord or Tenant, including the Building and tenant improvements in the Premises, arising from or caused by any cause customarily insured against under a standard fire and extended casualty insurance policy, even if caused by the negligence of Landlord, Tenant, or their shareholders, partners, officers and employees, and no insurer shall have any rights of subrogation with respect to the foregoing. Landlord shall not be liable or responsible to Tenant for any loss or damage to any property or person occasioned by theft, fire, casualty, vandalism, acts of God, public enemy, injunction, riot, strike, inability to procure materials, insurrection, war, court order, requisition or order of governmental body or authority, or for any other causes beyond Landlords control. All goods, property or personal effects stored or placed by Tenant in or about the Building shall be at the sole risk of Tenant. | ||
(c) Indemnity. Subject to Section 10.(b), each party shall indemnify and hold harmless the other from and against any and all claims, demands, liabilities, causes of action, suits, judgments and expenses (including attorneys fees) arising from or for injury to third persons or damage to property owned by third persons and caused by the negligence or intentional torts of the indemnifying party. | ||
SUBORDINATION; ATTORNMENT NOTICE TO LANDLORDS MORTGAGEE | 11. (a) Subordination. Subject to the condition set forth in the following sentence, this Lease shall be subordinate to any deed of trust, mortgage, or other security instrument (a Mortgage), or any ground lease, master lease; or primary lease (a Primary Lease), that now or hereafter covers all or any part of the Premises (the mortgagee under any Mortgage or the lessor under any Primary Lease is referred to herein as Landlords Mortgagee). As a condition to such subordination, Landlord shall obtain from Landlords Mortgagee, both existing and future, and deliver to Tenant a non-disturbance agreement for the benefit of Tenant in a form reasonably acceptable to Landlord, Landlords Mortgagee, and Tenant. | |
(b) Attornment. Tenant shall attorn to any party succeeding to Landlords interest in the Premises, whether by purchase, foreclosure, deed in lieu of foreclosure, power of sale, termination of lease, or otherwise, upon such partys request, and shall execute such agreements confirming such attornment as such party may reasonably request. |
(c) Notice to Landlords Mortgagee. Tenant shall not seek to enforce any remedy it may have for any default on the part of the Landlord without first giving written notice by certified mail, return receipt requested, specifying the default in reasonable detail, to any Landlords Mortgagee whose address has been given to Tenant, and affording such Landlords Mortgagee a period to perform Landlords obligations hereunder, which period shall equal the cure period applicable to Landlord hereunder. | ||
RULES AND REGULATIONS | 12. Tenant shall comply with the rules and regulations of the Building which are attached hereto as Exhibit B. Landlord may, from time to time, change such rules and regulations for the safety, care, or cleanliness of the Building and related facilities, provided that such changes are applicable to all tenants of the Building, and will not unreasonably interfere with Tenants use of the Premises or add any unusual economic burden or lessen Tenants rights under this Lease. Tenant shall be responsible for the compliance with such rules and regulations by its employees, agents, and invitees. | |
CONDEMNATION | 13. Taking Tenants Rights. If any part of the Project (including parking) is taken by right of eminent domain for a period exceeding ninety (90) days or conveyed in lieu thereof (a Taking), and such Taking prevents Tenant from conducting its business from the Premises in a manner reasonably comparable to that conducted immediately before such Taking, then Tenant may terminate this Lease by giving written notice to Landlord within thirty (30) days after such Taking. Upon the occurrence of a Taking, Rent shall be abated on a reasonable basis as to that portion of the Premises rendered untenantable by the Taking from the first day of the Taking until such termination. If Tenant does not terminate this Lease, then Rent shall be abated on a reasonable basis as to that portion of the Premises rendered untenantable by the Taking. If a portion of the Premises or Building are subject to a Taking and such Taking does not prevent Tenant from conducting its business in a manner reasonably comparable to that conducted immediately before such Taking, the Lease shall remain in full force and effect and Rent shall be adjusted on a reasonable basis from the first day of the Taking. | |
(b) Taking Landlords Rights. If any material portion, but less than all, of the Project or related parking becomes subject to a Taking, or if Landlord is required to pay any of the proceeds received for a Taking to Landlords Mortgagee, then this Lease, at the option of Landlord, exercised by written notice to Tenant within thirty (30) days after such Taking, shall |
terminate and Rent shall be adjusted on a reasonable basis from the first day of the Taking until such termination. If a partial Taking occurs and the Lease does not terminate, Rent shall be adjusted on a reasonable basis from the first day of the taking. | ||
(c) Award. If any Taking occurs, all proceeds shall belong to and be paid to Landlord, and Tenant shall not be entitled to any portion thereof except that Tenant shall have all rights permitted under the laws of the State of Texas to appear, claim and prove in proceedings relative to such taking (i) the value of any fixtures, furnishings, and other personal property which are taken but which under the terms of this Lease Tenant is permitted to remove at the end of the Term, (ii) the unamortized cost (such costs having been amortized on a straight-line basis over the Term excluding any renewal terms) of Tenants leasehold improvements which are taken that Tenant is not permitted to remove at the end of the Term and which were installed solely at Tenants expense (i.e., not made or paid for by Landlord from the Construction Allowance or otherwise), and (iii) relocation and moving expenses, but not the value of Tenants leasehold estate created by this Lease and only so long as such claims in no way diminish the award Landlord is entitled to from the condemning authority as provided hereunder. | ||
FIRE OR OTHER CASUALTY | 14. (a) Repair Estimate. If the Premises or the Building are damaged by fire or other casualty (a Casualty), Landlord shall, within sixty (60) days after such Casualty, deliver to Tenant a good faith estimate (the Damage Notice) of the time needed to repair or replace the damage caused by such Casualty. | |
(b) Casualty Tenants Rights. If a material portion of the Premises or the Building is damaged by Casualty such that Tenant is prevented from conducting its business in the Premises in a manner reasonably comparable to that conducted immediately before such Casualty and Landlord estimates that the damage caused thereby cannot be repaired within one hundred eighty (180) days after the date of casualty, then Tenant may terminate this Lease. Rent for the portion of the Premises rendered untenantable by the damage shall be abated on a reasonable basis from the date of damage until termination. Tenant may terminate this Lease by delivering written notice to Landlord of its election to terminate within thirty (30) days after the Damage Notice has been delivered to Tenant. If Tenant does not elect to terminate this Lease, then (subject to Landlords rights under Section 14.(c)), Landlord shall repair the Building or the Premises, as the case may be, as provided below. Upon the occurrence of a Casualty, Rent for the portion of the Premises |
rendered untenantable by the damage shall be abated on a reasonable basis from the date of damage until the completion of the repair or until such termination. | ||
(c) Landlords Rights. If a Casualty damages a material portion of the Building, and Landlord makes a good faith determination that restoring the Premises would be uneconomical, or if Landlord is required to pay any insurance proceeds arising out of the Casualty to Landlords Mortgagee, then Landlord may terminate this Lease by giving written notice of its election to terminate within thirty (30) days after the Damage Notice has been delivered to Tenant, and Rent hereunder shall be abated as of the date of the Casualty. | ||
(d) Repair Obligation. If neither party elects to terminate this Lease following a Casualty, then Landlord shall, within a reasonable time after such Casualty, commence to repair the Building and the Premises and shall proceed with reasonable diligence to restore the Building and Premises to substantially the same condition as they existed immediately before such Casualty; however, Landlord shall not be required to repair or replace any part of the furniture, equipment, fixtures, and other improvements which may have been placed by, or at the request of, Tenant or other occupants in the Building or the Premises, and Landlords obligation to repair or restore the Building or Premises shall be limited to the extent of Landlords deductible amount, plus the insurance proceeds actually received by Landlord for the Casualty in question. | ||
EVENTS OF DEFAULT | 15. Events of Default. Each of the following occurrences shall constitute an Event of Default by Tenant: | |
(a) Tenants failure to pay Rent, or any other sums due from Tenant to Landlord under the Lease (or any other lease executed by Tenant for space in the Building), when due, and such failure continues for ten (10) days after written notice thereof is received by Tenant from Landlord; however, if Landlord has given Tenant such notice during the preceding twelve (12) month period for failure to timely pay any regularly scheduled installments of Rent (e.g., Basic Rental, Tenants share of Excess, Tenants Proportionate Share of Electrical Costs, and similar Rent payments), then Landlords obligation to give written notice with respect to regularly scheduled installments of Rent shall not apply until twelve (12) months has passed since the last such notice was given, and in the interim, failure to pay any regularly scheduled installments of Rent on the date due shall be an Event of Default without Landlord having first given such notice; |
(b) Tenants failure to perform, comply with, or observe any other agreement or obligation of Tenant under this Lease (or any other lease executed by Tenant for space in the Building), and such failure continues for thirty (30) days after written notice thereof is received by Tenant from Landlord; provided, that if the failure is reasonably capable of cure but cannot be reasonably be cured within said thirty (30) days, Tenant shall have an additional period of sixty (60) days in which to effect the cure provided Tenant commences the cure within the initial thirty (30) days and is diligently pursuing same; | ||
(c) The filing of a petition by or against Tenant (the term Tenant shall include, for the purpose of this Section 15.(c), any guarantor of the Tenants obligations hereunder) (i) in any bankruptcy or other insolvency proceeding; (ii) seeking any relief under any state or federal debtor relief law; (iii) for the appointment of a liquidator or receiver for all or substantially all of Tenants property or for Tenants interest in this Lease; or (iv) for the reorganization or modification of Tenants capital structure; and provided that in the case of any of the foregoing which is filed against Tenant, the same is not dismissed within ninety (90) days after it is filed; | ||
(d) The admission by Tenant that it cannot meet its obligations as they become due or the making by Tenant of an assignment for the benefit of its creditors. | ||
REMEDIES | 16. (a) Landlords Remedies. Upon any Event of Default by Tenant, Landlord may, subject to any judicial process and notice to the extent required by Title 4, Chapter 24 of the Texas Property Code, as may be amended, in addition to all other rights and remedies afforded Landlord hereunder or by law or equity, take any of the following actions: | |
(i) Terminate this Lease by giving Tenant written notice thereof, in which event, Tenant shall pay to Landlord the sum of (1) all Rent accrued hereunder through the date of termination, (2) all amounts due under Section 15.(a), and (3) an amount equal to (A) the total Rent that Tenant would have been required to pay for the remainder of the Term discounted to present value at a per annum rate equal to the Prime Rate as published on the date this Lease is terminated by The Wall Street Journal, Southwest Edition, in its listing of Money Rates; minus (B) the then present fair rental value of the Premises for such period, similarly discounted; or |
(ii) Terminate Tenants right to possession of the Premises without terminating this Lease by giving written notice thereof to Tenant, in which event Tenant shall pay to Landlord (1) all Rent and other amounts accrued hereunder to the date of termination of possession, (2) all amounts due from time to time under Section 15.(a), and (3) all Rent and other sums required hereunder to be paid by Tenant during the remainder of the Term, diminished by any net sums thereafter received by Landlord through reletting the Premises during such period. Landlord shall use reasonable efforts to relet the Premises on such terms and conditions as Landlord in its sole discretion may determine (including a term different from the Term, rental concessions, and alterations to, and improvement of , the Premises); however, Landlord shall not be obligated to relet the Premises before leasing other portions of the Building. Landlord shall not be liable for, nor shall Tenants obligations hereunder be diminished because of, Landlords failure to relet the Premises or to collect rent due for such reletting. Tenant shall not be entitled to the excess of any consideration obtained by reletting over the Rent due hereunder. Re-entry by Landlord in the Premises shall not affect Tenants obligations hereunder for the unexpired Term; rather, Landlord may, from time to time, bring action against Tenant to collect amounts due by Tenant, without the necessity of Landlords waiting until the expiration of the Term. Unless Landlord delivers written notice to Tenant expressly stating that it has elected to terminate this Lease, all actions taken by Landlord to exclude or dispossess Tenant of the Premises shall be deemed to be taken under this Section 16.(a)(ii). If Landlord elects to proceed under this Section 16.(a)(ii), it may at any time elect to terminate this Lease under Section 16.(a)(i). | ||
(iii) Notwithstanding anything to the contrary herein, Tenant shall not be deemed to have waived any requirements of Landlord to mitigate damages upon an Event of Default as required by law. | ||
(b) Tenants Remedies. | ||
(i) Notice and Cure. If Landlord should fail to perform or observe any covenant, term, provision or condition of this Lease and such default should continue beyond a period of ten (10) days as to a monetary default or thirty (30) days (or such longer period as is reasonably necessary to remedy such default, provided Landlord shall diligently pursue such remedy until such default is cured) as to a non-monetary is default, after in each |
instance written notice thereof is given by Tenant to Landlord and Landlords Mortgagee, then, in any such event Tenant shall have the right (but no obligation) to cure the default, and Landlord shall reimburse Tenant for all reasonable sums expended in so curing said default. Tenant specifically agrees that Landlords Mortgagee may enter the Premises upon reasonable notice to Tenant to cure any such default and that the cure of any default by Landlords Mortgagee shall be deemed a cure by Landlord under this Lease. | ||
(ii) Set-off. If Tenant obtains a judgment against Landlord or any assignee for any default by Landlord under this Lease and (i) Tenant provided Landlords Mortgagee notice and opportunity to cure as described in Section 11.(c) and Section 16.(b)(i) above, (ii) said judgment is final and all rights of appeal have been exercised or have expired, and (iii) such judgment remains unsatisfied upon thirty (30) days written notice thereof to Landlords Mortgagee, Tenant may set off such judgment against Rent. | ||
PAYMENT; NON-WAIVER | 17. (a) Payment. Upon any Event of Default by Tenant, Tenant shall pay to Landlord all costs incurred by Landlord (including court costs and reasonable attorneys fees and expenses) in (1) obtaining possession of the Premises, (2) removing and storing Tenants or any other occupants property, (3) reasonably repairing, restoring, altering, remodeling, or otherwise putting the Premises into a reasonably marketable condition, (4) if Tenant is dispossessed of the Premises and this Lease is not terminated, reletting all or any part of the Premises (including brokerage commissions, cost of tenant finish work, and other costs incidental to such reletting), (5) performing Tenants obligations which Tenant failed to perform, and (6) enforcing, or advising Landlord of, its rights, remedies, and recourses arising out of the Event of Default. | |
(b) No Waiver. Acceptance or payment of Rent following any Event of Default shall not waive any rights regarding such Event of Default. No waiver by any party of any violation or breach of any of the terms contained herein shall waive any rights regarding any future violation of such term or violation of any other term. | ||
LANDLORDS LIEN | 18. In addition to the statutory landlords lien, Tenant grants to Landlord, to secure performance of Tenants obligations hereunder, a security interest in all equipment fixtures, furniture, improvements (and does not include any tangible or intangible personal property of Tenant not named specifically) owned by |
Tenant and now or hereafter situated on the Premises, and all proceeds therefrom (the Collateral), and the Collateral shall not be removed from the Premises without the consent of Landlord until all obligations of Tenant have been fully performed. Upon the occurrence of an Event of Default, Landlord may, in addition to all other remedies, without notice or demand except as provided below, exercise the rights afforded a secured party under the Uniform Commercial Code of the State in which the Building is located (the UCC). In connection with any public or private sale under the UCC, Landlord shall give Tenant five (5) days prior written notice of the time and place of any public sale of the Collateral or of the time after which any private sale or other intended disposition thereof is to be made, which is agreed to be a reasonable notice of such sale or other disposition. Tenant grants to Landlord a power of attorney to execute and file any financing statement or other instrument necessary to perfect Landlords security interest under this Section 18, which power is coupled with an interest and shall be irrevocable during the Term. Landlord may also file a copy of this Lease as a financing statement to perfect its security interest in the Collateral. Notwithstanding the foregoing, Landlord shall subordinate its landlords lien, upon such terms as are reasonably acceptable to Landlord and Tenants financier, to any bona fide third party financing existing or obtained by Tenant. | ||
SURRENDER OF PREMISES. | 19. No act by Landlord shall be deemed an acceptance of a surrender of the Premises, and no agreement to accept a surrender of the Premises shall be valid unless the same is made in writing and signed by Landlord. At the expiration or termination of this Lease, subject to Landlords obligation to maintain the Building, Tenant shall deliver to Landlord the Premises with all improvements located thereon in good repair and condition, reasonable wear and tear (and condemnation and fire or other casualty damage not caused by Tenant, as to which Sections 13 and 14 shall control) excepted, and shall deliver to Landlord all keys and/or access cards to the Premises. Provided that Tenant has performed all of its obligations hereunder, Tenant may remove all unattached trade fixtures, furniture, and personal property placed in the Premises by Tenant (but Tenant shall not remove any such item which was paid for, in whole or in part, by Landlord). Additionally, Tenant may remove such additional items as Landlord may have agreed. Tenant shall repair all damage caused by removal of any items. All items not so removed within thirty (30) days of expiration or early termination of this Lease shall be deemed to have been abandoned by Tenant and may be appropriated, sold, stored, destroyed, or otherwise |
disposed of by Landlord without notice to Tenant and without any obligation to account for such items. Tenant upon surrender of the Premises shall be required to remove any above-ceiling telecommunication wiring installed for Tenants use in the Premises at Tenants expense. The provisions of this Section 19 shall survive the end of the Term. | ||
HOLDING OVER | 20. If Tenant fails to vacate the Premises at the end of the Term, then Tenant shall be a tenant at will and, in addition to all other damages and remedies to which Landlord may be entitled for such holding over, Tenant shall pay, in addition to the other Rent, a daily Basic Rental equal to 150% of the daily Basic Rental payable during the last month of the Term. | |
CERTAIN RIGHTS RESERVED BY LANDLORD | 21. Subject to Tenants reasonable security procedures, and provided that the exercise of such rights does not unreasonably interfere with Tenants occupancy of the Premises, and upon reasonable advance notice provided by Landlord to Tenant (except in case of emergency), Landlord shall have the following rights: | |
(a) to decorate and to make inspections, repairs, alterations, additions, changes, or improvements, whether structural or otherwise, in and about the Building, or any part thereof; for such purposes, to enter upon the Premises and, during the continuance of any such work, to temporarily close doors, entryways, public space, and corridors in the Building; to interrupt or temporarily suspend Building services and facilities (Landlord shall use reasonable efforts to complete any work requiring the suspension of Building services and facilities during off-business hours when reasonably and commercially practicable to do so); and to change the arrangement and location of entrances or passageways, doors, and doorways, corridors, elevators; stairs, restrooms, or other public parts of the Building; | ||
(b) to take such reasonable measures as Landlord deems advisable for the security of the Building and its occupants, including without limitation searching all items entering or leaving the Building; evacuating the Building for cause, suspected cause, or for drill purposes; temporarily denying access to the Building; and closing the Building after normal business hours and on Saturdays, Sundays, and Holidays, subject, however, to Tenants right to enter when the Building is closed after normal business hours under such reasonable regulations as Landlord may prescribe from time to time which may include by way of example, but not of limitation, that persons entering or leaving the Building, whether or not during normal business |
hours, identify themselves to a security officer by registration or otherwise and that such persons establish their right to enter or leave the Building; | ||
(c) after giving Tenant not less than thirty (30) days prior written notice, to change the name by which the Building is designated; and | ||
(d) subject to Tenants security procedures, upon reasonable advance notice, to enter the Premises during Tenants regular business hours (or at any time when accompanied by a representative of Tenant) to show the Premises to prospective purchasers, lenders, or, during the last six (6) months of the term of the Lease, prospective tenants. | ||
Notwithstanding anything hereinabove to the contrary, except in the event of an emergency, Tenants Security Procedures, described below, shall be honored by Landlord, its employees, invitees, contractors, agent and guests: | ||
1) Landlord shall give Tenant 2 hours written notice delivered by facsimile; | ||
2) which notice shall state the names of the visitors and the purpose and proposed duration of the visit; | ||
3) except in cases of imminent danger to persons or property, Landlord shall not have access to the software development area or the data center or computer room; and | ||
4) in all events (except emergencies) Landlord and its visitors must and shall be escorted by a duly authorized representative of Tenant. | ||
SUBSTITUTION SPACE | 22. Intentionally Omitted | |
MISCELLANEOUS | 23. (a) Landlord Transfer. Landlord may transfer, in whole or in part, the Project and any of its rights under this Lease. If Landlord assigns its rights under this Lease and such assignee assumes Landlords obligations hereunder, then Landlord shall thereby be released from any further obligations hereunder, other than those obligations accruing prior to the transfer or assignment. | |
(b) Landlords Liability. The liability of Landlord to Tenant for any default by Landlord under the terms of this Lease shall be limited to Tenants actual direct, but not consequential, damages therefor and shall be recoverable from the interest of Landlord in the Project (including any rents, profits, or other proceeds therefrom), and Landlord shall not be personally liable |
for any deficiency. This section shall not be deemed to limit or deny any remedies which Tenant may have in the event of default by Landlord hereunder which do not involve the personal liability of Landlord. The liability of Tenant to Landlord for any default by Tenant under the terms of this Lease shall be limited to Landlords actual direct, but not consequential, damages therefor. | ||
(c) Force Majeure. Other than for Tenants monetary obligations under this Lease and obligations which can be cured by the payment of money (e.g., maintaining insurance), whenever a period of time is herein prescribed for action to be taken by either party hereto, such party shall not be liable or responsible for, and there shall be excluded from the computation for any such period of time, any delays due to strikes, riots, acts of God, shortages of labor or materials, war, governmental laws, regulations, or restrictions, or any other causes of any kind whatsoever which are beyond the control of such party. | ||
(d) Brokerage. Landlord and Tenant each warrant to the other that it has not dealt with any broker or agent in connection with the negotiation or execution of this Lease, other than Billingsley Property Services, Inc. and Peloton Real Estate Partners, whose commissions shall be paid by Landlord. Tenant and Landlord shall each indemnify the other against all costs, expenses, attorneys fees, and other liability for commissions or other compensation claimed by any broker or agent claiming the same by, through, or under the indemnifying party. | ||
(e) Estoppel Certificates. From time to time, either Landlord or Tenant shall furnish, within ten (10) business days after request therefor, a signed certificate confirming and containing such factual certifications and representations as to this Lease as the requesting party may reasonably request. | ||
(f) Notices. All notices and other communications given pursuant to this Lease shall be in writing and shall be (1) mailed by first class, United States Mail, postage prepaid, certified, with return receipt requested, and addressed to the parties hereto at the address specified in the Basic Lease Information, (2) hand delivered to the intended address, or (3) sent by prepaid telegram, cable, facsimile transmission, or telex followed by a confirmatory letter. Notice sent by certified mail, postage prepaid, shall be effective three business days after being deposited in the United States Mail; all other notices shall be effective upon delivery to the address of the addressee. The parties hereto may change their addresses by giving notice thereof |
to the other in conformity with this provision. | ||
(g) Courtesy Copy of Notice. Landlord shall send a copy of any notice or other communication given pursuant to this Lease as follows: | ||
RealPage, Inc. | ||
4000 International Parkway | ||
Carrollton, TX 75007 | ||
Attn: General Counsel | ||
Any copy so delivered pursuant to this Section 23.(g) shall not constitute notice hereunder. | ||
(h) Separability. If any clause or provision of this Lease is illegal, invalid, or unenforceable under present or future laws, then the remainder of this Lease shall not be affected thereby and in lieu of such clause or provision, there shall be added as a part of this Lease a clause or provision as similar in terms to such illegal, invalid, or unenforceable clause or provision as may be possible and be legal, valid, and enforceable. | ||
(i) Amendments; and Binding Effect. This Lease may not be amended except by instrument in writing signed by Landlord and Tenant. No provision of this Lease shall be deemed to have been waived by Landlord or Tenant unless such waiver is in writing signed by Landlord or Tenant, and no custom or practice which may evolve between the parties in the administration of the terms hereof shall waive or diminish the right of Landlord or Tenant to insist upon the performance by Landlord or Tenant in strict accordance with the terms hereof. The terms and conditions contained in this Lease shall inure to the benefit of and be binding upon the parties hereto, and upon their respective successors in interest and legal representatives, except as otherwise herein expressly provided. This Lease is for the sole benefit of Landlord and Tenant, and, other than Landlords Mortgagee, no third party shall be deemed a third party beneficiary hereof. | ||
(j) Quiet Enjoyment. Provided Tenant has performed all of the terms and conditions of this Lease to be performed by Tenant, Tenant shall peaceably and quietly hold and enjoy the Premises for the Term, without hindrance from Landlord or any party claiming by, through, or under Landlord, subject to the terms and conditions of this Lease. |
(k) Joint and Several Liability. If there is more than one Tenant, then the obligations hereunder imposed upon Tenant shall be joint and several. If there is a guarantor of Tenants obligations hereunder, then the obligations hereunder imposed upon Tenant shall be the joint and several obligations of Tenant and such guarantor, and Landlord need not first proceed against Tenant before proceeding against such guarantor nor shall any such guarantor be released from its guaranty for any reason whatsoever. | ||
(l) Use of Lobby and/or Common Areas. During the term, and only on weekends, Holidays, and between the hours of 6:00 p.m. and 7:00 p.m. on weekdays (other than Holidays), Tenant shall have the right to use the Building lobby and/or common areas, without charge for any Tenant-sponsored event, provided (a) Tenant gives Landlord reasonable prior written notice of the date, time and nature of the event, (b) the date and time for the event do not conflict with another previously scheduled event, (c) Tenant reimburses Landlord for all out-of-pocket expenses Landlord incurs in connection with the event, (d) Tenant indemnifies and holds Landlord harmless from and against any and all claims, actions, damages, or liens resulting from Tenants use of the lobby and/or common areas, including any reasonable attorneys fees incurred by Landlord, (e) Tenant complies in all respects with applicable law, (f) Landlord approves, in its sole discretion, in all aspects of Tenants intended use of the Building lobby and/or common areas, and (g) Tenant shall not use the Building lobby and/or common areas for such events for more than twelve (12) days in any calendar year. | ||
(m) Captions. The captions contained in tins Lease are for convenience of reference only, and do not limit or enlarge the terms and conditions of this Lease. | ||
(n) No Merger. There shall be no merger of the leasehold estate hereby created with the fee estate in the Premises or any part thereof if the same person acquires or holds, directly or indirectly, this Lease or any interest in this Lease and the fee estate in the leasehold Premises or any interest in such fee estate. | ||
(o) No Offer. The submission of this Lease to Tenant shall not be construed as an offer, nor shall Tenant have any rights under this Lease unless Landlord executes a copy of this Lease and delivers it to Tenant. |
(p) Exhibits. The following exhibits hereto are incorporated herein by this reference: | ||
Exhibit A Outline of Premises | ||
Exhibit A-1 Legal Description of the Land | ||
Exhibit B Building Rules and Regulations | ||
Exhibit C Operating Expenses | ||
Exhibit D Tenant Finish Work: Allowance | ||
Exhibit D-1 Shell Construction | ||
Exhibit D-2 Space Plan | ||
Exhibit E Renewal Option | ||
Exhibit F Parking | ||
Exhibit G Janitorial Specifications | ||
Exhibit H Signage Criteria | ||
Exhibit I Furniture | ||
Exhibit J Conduit | ||
Exhibit J-1 Conduit Diagram | ||
(q) Entire Agreement. This Lease constitutes the entire agreement between Landlord and Tenant regarding the subject matter hereof and supersedes all oral statements and prior writings relating thereto. Except for those set forth in this Lease, no representations, warranties, or agreements have been made by Landlord or Tenant to the other with respect to this Lease or the obligations of Landlord or Tenant in connection therewith. | ||
(r) INTENTIONALLY DELETED | ||
(s) Representations and Warranties. Landlord and Tenant each represent and warrant that the person executing this Lease on its behalf is acting in his or her capacity as an officer or partner, as applicable, with due authorization and authority to bind Landlord or Tenant, as applicable, to this Lease. Landlord represents and warrants that it has good title to the Project so to fully and properly lease the Premises to Tenant as provided herein. Landlord further represents and warrants to Tenant that (i) the Building is zoned in conformity with applicable laws in a manner permitting the use of the Premises as contemplated under this Lease, (ii) that all entrances, driveways and access roads upon the Land afford legal access to public rights-of-way and streets and permit (and shall throughout the Term of this Lease continue to permit) ingress to and egress from the Building by way of such rights-of-way and streets, (iii) that the Project contains sufficient parking and otherwise fully complies with all applicable governmental requirements, (iv) that Landlord is not required to |
obtain any consent to execute or perform this Lease, and (v) that the Building is not subject to any restrictive covenants or other encumbrances that would restrict the use of the Premises as contemplated under this Lease in any manner as of the Commencement Date. Landlord represents and warrants that the Project conforms currently and shall, as of the Commencement Date, conform in all material respects to all applicable laws, ordinances, rules and regulations generally applicable to commercial office buildings in Carrollton, Texas, and specifically applicable to the Project and Building. Further, Landlord represents and warrants that there are no lawsuits pending, or to the knowledge of Landlord threatened, against Landlord which if adversely decided against Landlord would affect Tenants use and occupancy of the Premises or Landlords ability to carry out its obligations under this Lease, there is no proceeding pending, or to the knowledge of Landlord contemplated or threatened, that would affect the amount of the real estate taxes assessed against the Project (except for routine real estate valuation protests) and that, to the knowledge of Landlord, the Project is free from material physical defects. Other than any express warranties contained herein, neither Landlord nor Tenant make any implied warranties of any kind or nature, and the parties hereby waive any claims upon any such implied warranties. | ||
(t) Building Name. Landlord agrees not to name the Building or Project after a competitor of Tenant or to provide Building signage to a competitor of Tenants. A Competitor of Tenant for this purpose is any person or entity that offers to consumers or other users real estate management and/or analysis software (excluding general accounting or analysis software routinely used by companies not engaged in the management of real estate), tenant applicant screening, utility billing and submetering services for the multifamily industry and/or web page design services or products are reviewed by trade publications against those of Tenant. | ||
(u) Refurbishment Allowance. In the event Tenant exercises its right to renew the Lease for an additional Term of three (3) or five (5) years, then Landlord shall provide Tenant a Refurbishment Allowance equal to $5.00 per Rentable Square Foot of which $2.00 per Rentable Square Foot may be a reimbursement for improvements previously made to the Premises by Tenant and $3.00 per Rentable Square Foot for additional improvements as needed by Tenant. The Refurbishment Allowance shall be subject to the conditions set forth in Exhibit D of this Lease. In the event Tenant renews for a |
second five (5) year term, Landlord will agree to add an additional $5.00 per Rentable Square Foot Refurbishment Allowance. The Refurbishment Allowances provided for in this section shall be considered when determining the prevailing market rate for any renewal option. | ||
(v) Counterpart Execution. This Lease may be executed in any number of counterparts, each of which shall be an original, but such counterparts together shall constitute one and the same instrument. Additionally, this Lease may be executed by facsimile signatures and any such facsimile signature shall be deemed an original signature for all purposes. | ||
(w) Waiver of Rights Under Section 93.012 of the Texas Property Code. Landlord and Tenant are knowledgeable and experienced in commercial transactions and hereby agree that the provisions of this Lease for determining charges, amounts and additional Rent payable by Tenant are commercially reasonable and valid even though such methods may not state a precise mathematical formula for determining such charges, amounts or additional Rent. ACCORDINGLY, TENANT VOLUNTARILY AND KNOWINGLY WAIVES ALL RIGHTS AND BENEFITS OF TENANT UNDER SECTION 93.012, ENTITLED ASSESSMENT OF CHARGES, OF THE TEXAS PROPERTY CODE, AS ENACTED BY HOUSE BILL 2186, 77TH LEGISLATURE, AS SUCH SECTION NOW EXISTS OR AS MAY BE HEREAFTER AMENDED OR SUCCEEDED. |
a Texas limited partnership
a Texas Limited Liability Company
its general partner
By: Name: | /s/ Mack W. Dennis | |||
Title: | Senior Vice President |
By: Name: | /s/ Stephen T. Winn | |||
Title: | Chairman, CEO & President |

4120 International Parkway, Carrollton, TX

Structural System | Steel columns, beams & joists | |
First Floor Construction | 4 slab on grade over 2 select fill; 3,000 psi | |
Second Floor Construction | 3 concrete on metal deck over bar joists | |
Roof Construction | 3-ply built up asphalt, over R-19 insulation on metal deck over bar joists | |
Design Loads (Corridors) | 100 lb/sf live load | |
Design Loads (Office Areas and Mezzanine) | 50 lb/sf live load + 20 lb/sf partitions | |
Typical Structural Bay | 30x30 | |
Building Exterior | 8 thick concrete tilt-wall panels; 5/8 drywall taped; 3-5/8 studs & R-13 bait insulation | |
Windows | 10x10 typical openings, vision glass from 30 AFF to 10 AFF/spandrel above | |
Window Frames | 4-1/2 deep frames, flush front glazed, Kynar finished | |
Window Coverings | 1 Horizontal Blinds | |
Curtain Wall | 8 deep frames, front glazed, Kynar finished | |
Glass | 1 insulating glass, evergreen, w/16% reflective stainless steel coating | |
Floor-to-Floor Height | 15 | |
Ceiling Height | 10 | |
Elevator Size & Capacity | Hydraulic, 58x 85, 5,000 lb. capacity | |
Exit Stair Floors | Carpet | |
Exit Stair Walls & Ceilings | Painted Drywall | |
Ceiling System | Beveled regular edge grid stacked on floor, USG Eclipse tile, white, stacked | |
Lobby Floor | Stone Tile | |
Lobby Walls & Ceiling | Painted Drywall, panelized with reveals | |
Lobby Stair | Painted Steel, with maple and cherry veneer screen panels | |
Lobby Stair Carpet | Carpet Runner | |
Corridor Floor | Carpet | |
Corridor Walls | Vinyl Wall Covering & Cove Base @ corridor side only | |
Corridor Ceiling | 2x4 Lay-in, including light fixtures, HVAC & life safety devices | |
Toilet Rooms/Fixtures (Mens-North) | 2; each with 2 toilets (1 HC), 2 urinals, 2 lavatories | |
Toilet Rooms/Fixtures (Mens-South) | 2; each with 2 toilets (1 HC), 2 urinals, 2 lavatories | |
Toilet Rooms/Fixtures (Womens-North) | 2; each with 4 toilets (1 HC), 3 lavatories | |
Toilet Rooms/Fixtures (Womens-South) | 2; each with 5 toilets (1 HC), 3 lavatories | |
Toilet Room Floors | Stone Tile | |
Toilet Room Walls | Ceramic Tile on wet walls; Vinyl Wall Covering elsewhere | |
Toilet Room Countertops | Granite at lavatories, Plastic Laminate elsewhere | |
Toilet Partitions | Plastic Laminate | |
Janitors Closets | 4 | |
Drinking Fountains | 8 (4 HC) |
HVAC | 3; 130 ton Packaged Rooftop Units supplying Variable Air Volume | |
Distribution | Medium pressure ductwork in place | |
Terminal Units | Stand-Alone Electrical Provided at common areas only | |
Control System | Provided at common areas only | |
Diffusers. | ||
Building Fire Protection / Life Safety: | ||
Sprinklers | Fully Sprinklered Throughout, w/heads turned up | |
Head Spacing | Complies with NFPA l3 | |
Fire Alarm System | Intelligent Addressable w/capacity for tenant connections at each floor | |
Alarm Devices | Visual/Audible Strobes m all common areas | |
Building Electrical System: | ||
Electrical Service | TU Pad Mount transformer, 277/480 Volt 3-phase, 2000A | |
Electrical Design (Total) | 14 Watts/sf | |
Electrical Design (Lighting & Power | 8 Watts/sf | |
Panels Provided (High Voltage) | 1 @ 277/480 Volt energized panel for each building quadrant | |
Panels Provided (Low Voltage) | 1 @ 120 Volt energized panel for each building quadrant | |
Panel Sizes Provided | High Voltage 400A, Low Voltage 225 A fed by a 45KVA transformer (each panel) | |
Building Standard Lighting | 3-Lamp 18-Cell Parabolic Fluorescent, stacked on floor for lay-in ceiling (initial lamps included) | |
Fixture Ratio | 1 Fixture 100 rsf | |
Accent Lighting at Lobby | Compact Fluorescent Downlights | |
Parking Area Lighting | Metal Halide pole-mount, with Architectural enclosures | |
Entry Plaza Lighting | Metal Halide Bollards, at both main entrances |

Year | Basic Rental Rate PSF | Year | Basic Rental Rate PSF | |||||||||
2007 | $ | 20.60 | 2017 | $ | 27.68 | |||||||
2008 | $ | 21.22 | 2018 | $ | 28.52 | |||||||
2009 | $ | 21.85 | 2019 | $ | 29.37 | |||||||
2010 | $ | 22.51 | 2020 | $ | 30.25 | |||||||
2011 | $ | 23.19 | 2021 | $ | 31.16 | |||||||
2012 | $ | 23.88 | 2022 | $ | 32.09 | |||||||
2013 | $ | 24.60 | 2023 | $ | 33.06 | |||||||
2014 | $ | 25.34 | 2024 | $ | 34.05 | |||||||
2015 | $ | 26.10 | 2025 | $ | 35.07 | |||||||
2016 | $ | 26.88 | 2026 | $ | 36.12 |
i. | All surface areas, desks, file cabinets, counter tops, book shelves, credenzas, computer screens and other equipment will be dusted. Desk tops will be wiped down but no papers will be moved. All ashtrays and urns will be emptied and wiped. | ||
ii. | All carpeted areas will be vacuumed. Carpets will be spot cleaned where needed. All hard surface floors will be swept with a dust mop then damp mopped. | ||
iii. | All trash receptacles will be emptied and wiped down. Liners will be changed whenever necessary. Garbage will be taken to the designated areas for trash removal. | ||
iv. | All magazines will be straightened. Glass top desks, glass doors, partitions, light switches and walls will be cleaned to remove smudges and fingerprints. | ||
v. | All stairwells will be vacuumed and swept as well as dusted. | ||
vi. | The elevator will be vacuumed and fingerprints removed from wall surfaces. | ||
vii. | All kitchen countertops, tables and cupboard doors in break rooms will be cleaned and disinfected. Hand prints and smudges will be removed from the exterior of the refrigerator as well as any other appliances. Microwaves will be cleaned inside and out. Sinks and other chrome areas will be cleaned and polished. | ||
viii. | Mugs, plates and glasses will be placed in the dishwasher and washed only if they are placed in the break room sink by company employees. Dishes will not be removed from the dishwasher. | ||
ix. | All fixtures and appliances in the restrooms will be cleaned and sanitized. All chrome and minors will be cleaned and polished. | ||
x. | All commodes and urinals will be cleaned with a germicidal disinfectant. The use of an emulsion bowl cleaner will be used whenever necessary. | ||
xi. | Restroom floors will be cleaned using a germicidal disinfectant. | ||
xii. | Light bulbs will be replaced as needed. |
i. | All pictures and door frames will be dusted. |
ii. | Partitions and walls in the restrooms will be completely wiped down with a germicidal disinfectant. | ||
iii. | All VCT floors will be buffed. |
i. | All mini-blinds and A/C vents will be dusted. | ||
ii. | All interior windows will be cleaned. | ||
iii. | All VCT floors will be waxed (more often as necessary). |
i. | All exterior windows will be cleaned. |
4100 International Parkway
Suite 1100
Carrollton, Texas 75007
1 | Secondary entry signs. | ||
2 | Roof signs or box signs. | ||
3 | Cloth signs. | ||
4 | Exposed seam tubing. | ||
5 | Animated or moving components. | ||
6 | Intermittent or flashing illumination. | ||
7 | Iridescent painted signs. | ||
8 | Letters mounted or painted on illuminated panels. | ||
9 | Signs or letters painted directly on any surface except as herein provided. | ||
10 | Temporary Signage. |
B Sign Type Specifications |
1 | Building directory (lobby) | ||
2 | Tenant suite number identification | ||
3 | Stair identification |
4 | Restroom identification | ||
5 | Mechanical spaces | ||
6 | Emergency egress directions |
1. | Glass on tenant door (all tenant doors are to be glass) | ||
2. | Glass on tenant entry sidelight (all tenant entries are to include glass sidelight space permitting |
Quantity | Description | Location | ||||||
Reception Furniture: | 1 | sofa | Reception area | |||||
1 | love seat | Reception area | ||||||
1 | Chair cloth | Reception area | ||||||
1 | coffee table | Reception area | ||||||
1 | reception desk | Reception area | ||||||
1 | credenza | Reception area | ||||||
Board Room: | 1 | 4 x 12 conference table | Board Room | |||||
14 | leather highback grey chairs | |||||||
Conference rooms: | 3 | 4 x 10 laminate conference table | Conference rooms | |||||
2 | 2 x 4 buffet | Conference rooms | ||||||
2 | dry erase boards | Conference rooms | ||||||
30 | beige conference room chairs | throughout | ||||||
Workstations: | 60 | 8 x 8 workstations | throughout | |||||
30 | 6 x 6 workstations | throughout | ||||||
12 | 8 x 6 workstations | throughout | ||||||
70 | beige checkered cloth rolling chairs | throughout | ||||||
63 | low back purple guest chairs | throughout | ||||||
1 | 10 x 8 administrative cube | |||||||
Offices: | 6 | 2 piece desk | offices | |||||
2 | 3 piece desk | offices | ||||||
3 | curved desk | smaller offices | ||||||
8 | credenza | offices | ||||||
9 | 2 drawer file cabinet | offices | ||||||
11 | wardrobe cabinets | offices | ||||||
17 | wooden guest chairs | throughout | ||||||
10 | highback black leather chairs | throughout | ||||||
8 | 4 X 6 dry erase boards | conf rooms/offices/rm 145 | ||||||
1 | dark wooden desk | office | ||||||
1 | dark wooden book shelf | office | ||||||
1 | dark wooden 2 drawer file cabinet | office | ||||||
1 | wooden dry erase board w/ doors | office | ||||||
2 | highback royal colored guest theirs | office |
Quantity | Description | Location | ||||||
Breakroom: | 1 | ice maker | breakroom | |||||
1 | dishwasher | breakroom | ||||||
5 | 36 inch tables | breakroom | ||||||
10 | plastic chairs location | breakroom | ||||||
Miscellaneous Chairs: | 11 | highback dk green rolling chairs | workstations | |||||
11 | low back black task chairs | workstations | ||||||
low back purple rolling chairs | workstations | |||||||
highback black chairs | throughout | |||||||
wooden chair | throughout | |||||||
low back beige chair | throughout | |||||||
beige rolling chairs | throughout | |||||||
grey guest chair | throughout | |||||||
larger purple rolling chair | throughout | |||||||
barrel chairs | meeting room | |||||||
Miscellaneous: | 1 | 36 inch table | throughout | |||||
1 | portable workstation | breakroom | ||||||
2 | 2 x 5 rectangular tables | throughout | ||||||
2 | Bookshelves | hallway | ||||||
4 | 2 x 3 rectangular desk/tables | throughout | ||||||
1 | 4 x 8 wooden conference table (damaged) | data room | ||||||
7 | 2 x 4 shelves with storage above | conference room & office | ||||||
2 x 4 shelves | conference room | |||||||
2 door vertical file cabinet | rm 148 | |||||||
4 drawer lateral file cabinets | throughout | |||||||
corkboard | throughout | |||||||
framed artwork | throughout | |||||||
trash cans | throughout |


