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THIS LEASE dated | | 10 September | | 2020 |
BETWEEN:
(1) | TLW TRADING PROPERTIES LIMITED a company incorporated and registered in England and Wales with company number 11511077 whose registered office is at 140 London Wall, London EC2Y 5DN (‘the Landlord��) |
(2) | OPSEC SECURITY LIMITED a company incorporated and registered in England and Wales with company number 01997954 whose registered office is at 40 Phoenix Road, Washington, Tyne & Wear NE38 OAD (the ‘Tenant’) |
(3) | ORCA BIDCO LIMITED a company incorporated and registered in England and Wales with company number 09819731 whose registered office is at 40 Phoenix Road, Washington, Tyne & Wear NE38 OAD (the ‘Surety’) |
1.1 | In this Lease where the context so admits the following expressions shall have the following meanings that is to say - |
‘the Premises’ means the premises described in Part I of the Schedule
‘the Factory’ means the building or buildings from time to time constructed upon the Premises
‘the Development’ means the land and buildings at Crowther Industrial Estate which is for the purpose of identification only shown edged round with a bold green line on plan 1 annexed hereto
‘Hazardous Substance’ means all noxious toxic offensive hazardous infectious radioactive or other substances or gases liquids wastes (including special wastes) oils petroleum and petroleum products which may be harmful to human health or to land water and air including all buildings and property
‘Party Structure’ means any wall fence member or other structure which separates the Premises from any adjoining unit on the Development
‘Pipes’ means pipes sewers drains mains ducts conduits gutters water courses wires cables channels flues and all other conducting media (including any fixings louvres cowls ventilation and extraction ducts fans and any other ancillary apparatus)
‘Rent’ means two hundred and twenty-eight thousand five hundred pounds per annum (£228,500) exclusive of VAT subject to review in accordance with Part VI of the Schedule
‘Rent Commencement Date’ means 01 June 2021
‘Insured Risks’ means fire storm tempest flood earthquake lightning explosion impact aircraft (other than hostile aircraft) and other aerial devices and articles dropped therefrom riot civil commotion malicious damage bursting or overflowing of water tanks apparatus or pipes and impact by road vehicles and such other risks as the Landlord may require
‘a Group Company’ means a Company that is a member of the same group as the Landlord (within the meaning of section 42 of the Landlord and Tenant Act 1954)
‘the Landlord’s Surveyor’ means any person or firm appointed by the Landlord to perform the function of a surveyor under the terms of this Lease (including an employee of the Landlord or a Group Company and including also the person or firm appointed by the Landlord to collect the rents)
‘Term’ means ten (10) years commencing on and including the Term Commencement Date
‘Term Commencement Date’ means 01 September 2020
‘Company’ includes -
| (a) | any UK registered company (as defined in section 1158 of the Companies Act 2006); |
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