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  • Strike X LLC Plaintiff vs. Village At Gulfstream Park, LLC , et al Defendant Contract and Indebtedness document preview
  • Strike X LLC Plaintiff vs. Village At Gulfstream Park, LLC , et al Defendant Contract and Indebtedness document preview
  • Strike X LLC Plaintiff vs. Village At Gulfstream Park, LLC , et al Defendant Contract and Indebtedness document preview
  • Strike X LLC Plaintiff vs. Village At Gulfstream Park, LLC , et al Defendant Contract and Indebtedness document preview
  • Strike X LLC Plaintiff vs. Village At Gulfstream Park, LLC , et al Defendant Contract and Indebtedness document preview
  • Strike X LLC Plaintiff vs. Village At Gulfstream Park, LLC , et al Defendant Contract and Indebtedness document preview
  • Strike X LLC Plaintiff vs. Village At Gulfstream Park, LLC , et al Defendant Contract and Indebtedness document preview
  • Strike X LLC Plaintiff vs. Village At Gulfstream Park, LLC , et al Defendant Contract and Indebtedness document preview
						
                                

Preview

Filing # 133336609 E-Filed 08/24/2021 06:05:39 PM IN THE CIRCUIT COURT OF THE 17TH JUDICIAL CIRCUIT IN AND FOR BROWARD COUNTY, FLORIDA CASE NO.: STRIKE X, LLC, Plaintiff, VS. THE VILLAGE AT GULFSTREAM PARK, LLC, Defendant. i COMPLAINT Plaintiff, STRIKE X, LLC, by and through its undersigned counsel, hereby sues THE VILLAGE AT GULFSTREAM PARK, LLC, and alleges as follows: INTRODUCTION 1. This action involves a dispute between a landlord and its tenant. Unlike other matters, this case arises from the landlord's express repudiation of a written commercial lease for over 40,000 square feet of retail and restaurant space located at The Village of Gulfstream Park, in complete disregard of its contractual, common law and statutory obligations. JURISDICTION,PARTIES, AND VENUE 2. PlaintiffStrike X, LLC ("Strike X"), is a Florida limited liability company with its principal place ofbusiness in Miami-Dade County, Florida. 3 Defendant The Village at Gulfstream Park, LLC ("Defendant" or "Landlord"), is a Delaware limited liability company with its principal place ofbusiness located in Broward County, Florida. ZARCO EINHORN SALKOWSKI& BRITO ONE BISCAYNETOWER ? 2 S. BISCAYNE BLVD., 34TH FLOOR ? MIA&n, FLORIDA 33131 ? T: (305) 374-5418 ? F: (305) 374-5428 *** FILED: BROWARD COUNTY, FL BRENDA D. FORMAN, CLERK 08/24/2021 06:05:30 PM.**** 4. This Court has subject matter jurisdiction pursuant to Fla. Stat. § 26.012. Plaintiff has suffered damages and seeks recovery ofthose damages in an amount that exceeds $40,000,000 based, in part, on the value of the leasehold interest. 5. Venue is proper in Broward County, Florida pursuant to Fla. Stat. §47.01 because the causes of action alleged herein accrued in Broward County, and Defendant has agents and maintains offices in Broward County, Florida. 6. This case is subject to reassignment to the Complex Litigation Divisionbecause the amount in controversy exceeds $150,000.00 and arises from the purchase, sale, or lease of commercial, real or personal property or security interests. GENERAL ALLEGATIONS 7. The Village at Gulfstream Park is an open-air sporting, entertainment, dining, retail and lifestyle destination located adjacent to Gulfstream Park at 901 S. Federal Highway in Hallandale Beach, Florida (the "Shopping Center"). 8 Pursuant to a Ground Lease dated August 3,2007 between non-party Gulfstream Park Racing Association, Inc. and Landlord, Landlord has the right to sublease those buildings, land and Common Areas comprising the Shopping Center to third parties, including Strike X. (Lease, § 1.1 (f)). 9- Gulfstream Park Racing Association, Inc. and Landlord, through a labyrinth of various holding companies, subsidiaries,affiliates, and general and limited partners, are related to each other, and are ultimately owned by the Stronach Group, a Canadian based conglomerate that owns or manages a number of fabled thoroughbred tracks, simulcasting venues, and off-track betting facilities located throughout the United States and elsewhere, including Gulfstream Park, 2 ZARCO EINHORN SALKOWSKI& BRITO ONE BISCAYNETOWER ? 2 S. BISCAYNE BLVD., 34TH FLOOR ? MIA&n, FLORIDA 33131 ? T: (305) 374-5418 ? F: (305) 374-5428 Santa Anita Park, and Pimlico Race Course. The Stronach Group is controlled by Belinda Stronach, the daughter of Frank Stronach. 10. Pursuant to a lease dated July 22, 2013, Landlord leased Space 1505 at the Shopping Center to Strike X, from which Strike X has successfullyowned and operatedsince 2015 a first-class bowling alley and entertainment center that includes 11 professional bowling lanes with the latesttouch-screentechnology,two small bowling lanes designed specificallyfor younger children, 30 large HD TVs, pool tables, air hockey, an arcade room, and a 50-foot bar, among other things. 11. Because ofthe success realized in operating its bowling alley and lounge, Strike X quickly outgrew Space 1505, which is comprised of approximately 13,951 square feet of gross leasable space. 12. Seeking to capitalize on the success of its bowling alley and lounge, and with the complete backing and encouragement of Landlord, Strike X worked with Landlord and identified Space 1700 within the Shopping Center from which it could grow and expand its business. 13. Space 1700 is unique within the Shopping Center. It is comprised of approximately 41,628 square feet of gross leasable space (Lease, § 1.0 (b)), nearly two-times the size of Space 1505, is located immediately off Federal Highway, and is visible to the thousands ofvehicles that traverse that highway each and every day. 14. On August 5, 2020, Landlord and Strike X entered into a definitive lease (the "Lease", a copy of which is attached to the Complaint as Exhibit A), in which Strike X as Tenant leased Space No. 1700 ofthe Shopping Center, including the New Building Addition (collectively, the "Premises"), for a Term of 10 years (Lease, § §1.0 (b), (c) and (d) and 1.1 (d)). The Premises leased to Strike X is depicted on Exhibit B of the Lease as follows: 3 ZARCO EINHORN SALKOWSKI& BRITO ONE BISCAYNETOWER ? 2 S. BISCAYNE BLVD., 34TH FLOOR ? MIA&n, FLORIDA 33131 ? T: (305) 374-5418 ? F: (305) 374-5428 EXHIBIT B SITE PLAN OF THE PREMISES EXIST.CONC. PADS VW ELEC. AAx AL L TRANSFORMER NEW BLDG. ADDITION r- SOUTH PATIO (2.983SF) /1 (3.012 S.F.} LEASE LINE - ' LEASE LINE U. JAD... '. yI 'b j If T jl.I- r 1 D.R--i.L,- n IRrl EXIST iELEC -- ' .l, Lr ,1 ROOM EXIST EXTERIOR Iln WALL TOBE REMOVED-j %9 1 ROOM 1.6ZHMI =T.F? 1700 {38816 SF-.EiBT.BLDG.) (3,012 SF NEW ADDITION) ) i - 1 4 41,628 SF Fi& E / L, ,. 16.I . Ri /AS-Di. / D' .Y Of\TZA..S = *S. ., -LEASE LINE .;--tl * '' * --f fti.t 'Ru E-im DROPOFF -- NORTh PATIO (1 128 SF) A N.. n VIA DA FORTUNA 1 {- -.. 3 H B G-Jl-ST-FA? PARK --JIU D*IO 'O[1 PLAN1. NAN? 1 - 15. Pursuant to § 1.0 (1) ofthe Lease, Strike X had the right to use the Premises for "the operation of a first-class bowling alley, restaurant, arcade (which may include redemption and other entertainment or amusement devices ancillary thereto), bar, lounge, hookah lounge, ice skating rink and related uses to any of the foregoing under the trade name "Strike X" and not for any other purpose or under any other trade name whatsoever, except as may be approved by Landlord, which approval shall not be unreasonably withheld [the "Permitted Use"I." 16. In accordance with the Lease, Landlord agreed to expand the Premises at its own expense to accommodate Strike X's bowling lanes in the manner depicted on Exhibit B of the 4 ZARCO EINHORN SALKOWSKI& BRITO ONE BISCAYNETOWER ? 2 S. BISCAYNE BLVD., 34TH FLOOR ? MIA&n, FLORIDA 33131 ? T: (305) 374-5418 ? F: (305) 374-5428 Lease before the Premises was delivered to Strike X. Specifically, Section 6.1 (a) through (d) of the Lease states in relevant part: Landlord's Responsibilities. (a) Landlord shall expand the building to accommodate the Tenant's bowling lanes, as depicted on Exhibit B as the "New Bldg. Addition" and such expanded portion (i) shall be a water-tight shell, (ii) shall not include any interior finishes such as flooring, insulation, sprinkler system or HVAC, and (iii) shall include the roofing, walls, exterior site work and doors to the extent necessary ("Landlord'sWork"). -- (b)....The portion of the Premises identified on Exhibit B Bldg. as the "New Addition" shall not be deemed delivered until Landlord's Work is Substantially Complete. The terms "Substantially Completed", "Substantially Complete" or "Substantial Completion", as used throughout this Lease, shall mean that the work being referenced is complete in accordance with the relevant approvedplans to such a degree that only minor punch list items remain to be completed by the responsible party, and as it relates to Landlord's Work, Tenant may safely commence and diligently pursue the completion of Initial Tenant's Work and open for business without material interference from Landlord in the completion of punch list items ofLandlord'sWork. (c) Landlord's Work and Tenant's Work may progress simultaneously, and Landlord and Tenant shall cooperate with each other and use good faith diligent efforts to avoid or at least minimize any material interference with the performance of work by either party... 17. Landlord further agreed "to deliver possession of the entire Premises [to Strike X] within six (6) months after full execution and delivery ofth[el Lease and Landlord's receipt of all permits and approvals required for Landlord's Work (the "Initial Delivery Deadline"). (Lease, § 1.0 (e)). On information and belief, Landlord has applied for, and may have already received, all permits and approvals necessary for it to carry out Landlord's Work. 18. Under the Lease, Strike X agreed to pay rent to Landlord on and after the Rent Commencement Date, defined in Section 1.0 (e) as: Rent Commencement Date: The earlier of. (i) one (1) year after Tenant receives: (A) a fully executed copy of the Lease, (B) approval of Tenant's plans, specifications and sign drawings for Initial Tenant's Work, (C) the construction permit required to perform the Initial Tenant's Work (the "Construction Permit"), 5 ZARCO EINHORN SALKOWSKI& BRITO ONE BISCAYNETOWER ? 2 S. BISCAYNE BLVD., 34TH FLOOR ? MIA&n, FLORIDA 33131 ? T: (305) 374-5418 ? F: (305) 374-5428 and (D) possession, as confirmed in writing, of the entirety of the Premises, including the portion in which Landlord is completing Landlord's Work, unless Landlord and Tenant agree otherwise in writing (collectively, (i)(A)-(D), the "Outside Date"); or (ii) the date Tenant opens for business. 19. In the event Landlord defaulted under the Lease, Strike X had the right to pursue Landlord for specific performance, equitable relief, monetary damages and declaratoryrelief in a Florida court. Section 23.5 ofthe Lease states: Landlord Default. Landlord shall in no event be in default in theperformance of any of its obligations in this Lease unless and until Landlord has failed to perform any such obligation within thirty (30) days (or such additional time as is reasonablyrequired to correct any such default as long as Landlord shall commence to cure the same within said thirty (30) day period and shall continue to diligently pursue the same to completion) after notice by Tenant to Landlord specifying wherein Landlord has failed to perform any such obligation. In the event of a default by Landlord under this Lease which remains uncured, Tenant shall be permitted to seek specific performance, equitable relief, monetary damages and declaratoryrelief concerning that default in court. 20. In accordance with Section 26.15(c) of the Lease, "[i]f either party [] is a party to any litigation commenced by or against the other party involving this Lease in any respect whatsoever, then the prevailing party in any such litigation shall receive from the other party all costs and reasonable attorneys' fees incurred by such party in said litigation." 21. Strike X has faithfully performed its obligations under the Lease. Despite that faithful performance, and in complete disregard of Strike X's lengthy tenancy under the lease for Space 1505, the existence of a binding written contract, i. e., the Lease, Landlord has expressly repudiated its obligations under the Lease and has otherwise failed to comply with its express and implied obligations thereunder. 22. On April 13, 2021, and without warning, Marie Long, an attorney for The Stronach Group, delivered a letter to Strike X and its principals via E-Mail and Overnight Delivery. Ms. 6 ZARCO EINHORN SALKOWSKI& BRITO ONE BISCAYNETOWER ? 2 S. BISCAYNE BLVD., 34TH FLOOR ? MIA&n, FLORIDA 33131 ? T: (305) 374-5418 ? F: (305) 374-5428 Long's April 13th letter, sent on behalf ofLandlord, not only unsuccessfully attempts to obfuscate the fact that a binding and enforceable written contract exists between Strike X and Landlord, Ms. Long's letter completely disregards the Lease, Landlord's express and implied obligations under the Lease, and the applicable law. In her letter Ms. Long advises Strike X that Landlord would neither recognize nor comply with the express and implied terms of the Lease. According to Ms. Long, "[d]ue developments..., we have come to the realization that the New to recent Lease with Strike X for Space No. 1700 could materially interfere with the vision for the Village We therefore regrettably have to inform you that we cannot .-- proceed with the buildout of the building as we previously discussed (including, the additional requested building expansion contemplated under the draft first amendment of the New Lease, which we will not be able to execute) and request that you stop incurring any further costs in connection with this space and the New .. Lease immediately. See Ms. Long's April 13, 2021 Letter, Exhibit B. 23. As "compensation" for Strike X agreeing to ignore and relinquishits lawful rights and walk away from the Lease, and perhaps in an apparent attemptto demonstratethe benevolence of Landlord, Ms. Long arrogantly informs Strike X that Landlord "will of course compensate you for your documented out of pocket costs as required under the New Lease." U. 24. Strike X does not want to be compensated for its "out ofpocket costs." It wants the benefit of the bargain to which it is entitled to receive under the Lease, namely, the right to own and operate for 10 years, a first-classbowling alley and other ancillary business operations. It also wants Landlord to comply with its express and implied obligationsunder the Lease. 25. Strike X has no legal obligation because of Landlord's repudiation of the Lease to comply with Section 23.5 ofthe Lease and provide Landlord with writtennotice of default and the right to cure such default within thirty days. Nonetheless, in hope that a notice of default would spur Landlord into recognizing its express and implied obligations under the Lease, and in an 7 ZARCO EINHORN SALKOWSKI& BRITO ONE BISCAYNETOWER ? 2 S. BISCAYNE BLVD., 34TH FLOOR ? MIA&n, FLORIDA 33131 ? T: (305) 374-5418 ? F: (305) 374-5428 attempt to avoid this litigation, Strike X delivered a Notice of Default to Landlord on May 13, 2021, demanding that Landlord retract its repudiation, cure its defaults, and immediatelycomply with the express and implied terms of the Lease. A copy of the May 13, 2021 Notice to Cure sent by Strike X's legal counsel is attached to this Complaint as Exhibit C. 26. Despite the written demand by Strike X, Landlord has not sought to effectuate a cure under the Lease and has not withdrawn its express repudiation. Landlord's arrogance and willful disregard of the law appears unbounded. 27. All conditions precedent to bringing this action have been performed, have been waived or excused, or have otherwise occurred. 28. Strike X has retained Zarco, Einhorn, Salkowski & Brito, P.A. as its attorneys in this action and has agreed to pay them reasonablefees in connection therewith. Strike X is entitled to recovery of its reasonable attorney fees incurred in this action. CAUSES OF ACTION COUNT I - BREACH OF CONTRACT/SPECIFIC PERFORMANCE 29. Strike X repeats, realleges, and incorporates by reference Paragraphs 1 through 28. 30. This is an action for breach of contract and specific performance of the Lease. 31. The Lease is a valid and enforceable agreement existing between Strike X and Landlord, that clearly and unequivocally delineates the express obligations of Landlord that must be undertaken in order for Strike X to receive the benefit of the bargain under the Lease. 32. Strike X has substantially performed under the Lease by timely doing everything that was required of it, and has otherwise timely fulfilledits obligations thereunder. 33. Landlord, by its express repudiation of the Lease, has failed to comply with the terms of the Lease, has failed to exercisereasonable diligence and promptness in undertaking and 8 ZARCO EINHORN SALKOWSKI& BRITO ONE BISCAYNETOWER ? 2 S. BISCAYNE BLVD., 34TH FLOOR ? MIA&n, FLORIDA 33131 ? T: (305) 374-5418 ? F: (305) 374-5428 completing Landlord's Work, and has failed to timely deliver possession of the Premises to Strike X 34. Because Landlord has failed and refused to comply with its express obligations, Strike X is entitled to specific performance of the terms of the Lease. 35. Strike X remains ready, willing and able to complete its performance under the terms of the Lease. WHEREFORE, Plaintiff, Strike X, LLC respectfully requests that this Honorable Court enter a judgment in its favor and against Defendant The Village at Gulfstream Park, LLC for: (i) specific performance by Landlord of the terms of the Lease; (ii) requiring Landlord to deliver possession of the Premises to Strike X; (iii) awarding attorneys' fees and costs as allowed under the Lease; and (iv) such other and further relief as this Honorable Court deems just. COUNT II - BREACH OF CONTRACT/BREACHOF THE IMPLIED COVENANT OF GOOD FAITH AND FAIR DEALING 36. Strike X repeats, realleges, and incorporatesby reference Paragraphs 1 through 28. 37. The Lease is a valid and enforceable agreement between the parties. 38. Landlord had a duty under the Lease to exercise reasonable diligence and promptness in undertaking and completing Landlord's Work, and by timely delivering possession of the Premises to Strike X. 39. In addition to its express obligations under the Lease, Landlord owes Strike X a duty of good faith and fair dealing in carrying out is obligations under the Lease in a manner that will protect the reasonable expectations of Strike X under the Lease. 40. By letter dated April 13,2021, Landlord repudiated its obligations under the Lease. By its repudiation, as well as its failure to exercise reasonable diligence and care in carrying out 9 ZARCO EINHORN SALKOWSKI& BRITO ONE BISCAYNETOWER ? 2 S. BISCAYNE BLVD., 34TH FLOOR ? MIA&n, FLORIDA 33131 ? T: (305) 374-5418 ? F: (305) 374-5428 Lanldord's Work and delivering the Premises to Strike X, Landlord breached the Lease and its duty of good faith and fair dealing. 41. Landlord's breach of the Lease has caused Strike to incur damages, including special damages, and lost profits, among others. WHEREFORE, Plaintiff, Strike X, LLC respectfully requests that this Honorable Court enter a judgment in its favor and against Defendant The Village at Gulfstream Park, LLC for: (i) (i) actual and compensatory damages in an amount to be determined at trial, including attorneys' fees, costs and interest; (ii) consequential, incidental and special damages, including lost profits, in an amount to be determined at trial; and (iii) such other and further relief as this Honorable Court deems just and proper. COUNT III - VIOLATIONOF FLORIDA DECEPTIVE AND UNFAIR TRADE PRACTICES ACT 42. Strike X repeats, realleges, and incorporates by reference Paragraphs 1 through 28. 43. This is an action for violation o f the Florida Deceptive and Unfair Trade Practices Act, Fla. Stat. §501.203(3) ("FDUTPA"). 44. Landlord is engaged in the conduct o f trade and commerce in the State o f Florida. 45. As reflected in Paragraphs 14-24, supra, Landlord has engaged in unlawful and unfair methods of sale and competition, unconscionable acts or practices and unfair or deceptive acts or practices in the conduct of trade or commerce in violation of the FDUTPA. 46. As a direct, proximate and foreseeable result of Landlord's violation of the FDUTPA, Strike X has suffered and continue to suffer actual damages. 47. Pursuant to Fla. Stat. §501.2105, Strike X is entitled to recover its attorneys' fees and costs from Landlord. 10 ZARCO EINHORN SALKOWSKI& BRITO ONE BISCAYNETOWER ? 2 S. BISCAYNE BLVD., 34TH FLOOR ? MIA&n, FLORIDA 33131 ? T: (305) 374-5418 ? F: (305) 374-5428 WHEREFORE, Plaintiff, Strike X, LLC respectfully request that this Honorable Court enter a judgment in its favor and against Defendant The Village at Gulfstream Park, LLC for: (i) actual damages in an amount to be determined at trial, including attorneys' fees, costs and interest; and (ii) such other and further reliefas this Honorable Court deems just and proper. DEMAND FOR JURY TRIAL Plaintiff, Strike X, LLC, respectfully demands a trial by jury of all issues so triable under the laws of the State of Florida. ZARCO EINHORN SALKOWSKI& BRITO, P.A. Counsel for Plaintiff One Biscayne Tower th 2 South Biscayne Boulevard, 34z Floor Miami, Florida 33131 Telephone: (305) 374-5418 Facsimile: (305) 374-5428 By-. sl Robert Zarco ROBERT ZARCO Florida Bar No. 502138 E-mail: ROBERT F. SALKOWSKI Florida Bar No. 903124 E-mail: Secondary acoro@zarcolaw.com MARY NIKEZIC Florida Bar No. 92928 E-mail: Secondary: 11 ZARCO EINHORN SALKOWSKI& BRITO ONE BISCAYNETOWER ? 2 S. BISCAYNE BLVD., 34TH FLOOR ? MIA&n, FLORIDA 33131 ? T: (305) 374-5418 ? F: (305) 374-5428 LEASE THE VILLAGE AT GULFSTREAM PARK Hallandale, Florida LANDLORD THE VILLAGE AT GULFSTREAM PARK, LLC, a Delaware limited liability company TENANT STRIKE X LLC, a Florida limited liability company Space No. 1700 A TABLE OF CONTENTS Page ARTICLE I INTRODUCTORYPROVISIONS 1 Section 1.0 - Basic Lease Provisions. 1 Section 1.1 - Defined Terms. 4 ARTICLE II EXHIBITS 6 Section 2.0 - Exhibits 6 ARTICLE III PREMISES. 6 Section 3.0 - Premises 6 Section 3.1 - Gross Leasable Area ofthe Premises. 7 Section 3.2 - Landlord's Reservation 7 Section 3.3 - Intentionally Deleted 8 Section 3.4 - Intentionally Deleted 8 ARTICLE IV COMMON AREAS. 8 Section 4.0 - Tenant's Use of Common Areas 8 Section 4.1 - Management and Operation of Common Areas. 8 ARTICLE V CHANGES AND ADDITIONS TO SITE PLANS 9 Section 5.0 - Site Plans 9 Section 5.1 - Changes to Site Plans. 9 ARTICLEVI IMPROVEMENTS; TENANT'S WORK 10 Section 6.0 - ConstructionAllowance 10 Section 6.1 - Landlord's Responsibilities 13 Section 6.2 - Tenant's Responsibilities 14 Section 6.3 - Tenant's Trade Fixtures and Specific Use 16 Section 6.4 - Labor Cooperation. 17 1 ARTICLEVII PLANS AND SPECIFICATIONS 17 Section 7.0 - Submission of Plans and Specifications 17 ARTICLEVIII USE 19 Section 8.0 - Operation and Use of Premises. 19 Section 8.1 - Tenant's Covenant to Operate 19 Section 8.2 - Prohibitionson Use. 20 Section 8.3 - Manner of Operation of Business 21 Section 8.4 - Hazardous Materials. 21 Section 8.5 - Radon Gas. 22 Section 8.6 - Patio Area. 22 Section 8.7 - Exclusive Use. 24 ARTICLE IX TERM 26 Section 9.0 - Commencement Date 26 Section 9.1 - Holding Over 26 Section 9.2 - Expiration ofthe Term ofthe Lease. 26 Section 9.3 - Option to Extend Term. 27 ARTICLE X RENT COMMENCEMENT DATE 27 Section 10.0 - Rent Commencement Date 27 Section 10.1 - Tenant's Failure to be Open bythe Outside 27 ARTICLE XI RENT 28 Section 11.0 - Fixed Minimum Rent. 28 Section 11.1 - Late Charge and 28 Section 11.2 - Percentage Rent. 28 Section 11.3 - Additional Charges 33 Section 11.4 - Intentionally Deleted. 34 11 Section 11.5 - Taxes for Which Tenant is Directly 34 Section 11.6 - Rent Sales Tax 34 Section 11.7 - AdditionalRent 34 Section 11.8 - Intentionally Deleted. 35 Section 11.9 - Intentionally Deleted. 35 Section 11.10 - Intentionally Deleted 35 ARTICLE XII PREMISES UTILITY SERVICES 35 Section 12.0 - Utility Service Charges. 35 Section 12.1 - Discontinuance of 36 Section 12.2 - Interruption of Service. 37 ARTICLE XIII SIGNS 37 Section 13.0 - Storefront Sign. 37 Section 13.1 - Interior Signs and Advertising 37 ARTICLEXIV REPAIRS AND ALTERATIONS 38 Section 14.0 - Repairs by Landlord 38 Section 14.1 - Repairs By Tenant. 39 Section 14.2 - Alterationsand 39 ARTICLE XV LIENS 40 Section 15.0 - Liens Prohibited against Landlord's Interest 40 Section 15.1 - Lien Indemnificationby 41 Section 15.2 - Intentionally Deleted. 41 ARTICLE XVI INDEMNITY AND INSURANCE 41 Section 16.0 - Indemnification 41 Section 16.1 - Tenant's Insurance 42 Section 16.2 - LandlordNot Responsible for Acts of Others. 44 111 Section 16.3 - Landlord's Insurance. 44 ARTICLEXVII GENERAL PROVISIONS 45 Section 17.0 - Rules and Regulations 45 Section 17.1 - MerchantHandbook 45 Section 17.2 - Rubbish 45 Section 17.3 - Lighting 45 Section 17.4 - Merchandise Display, Loading and Unloading 46 Section 17.5 - Obstructionof Passageways. 46 Section 17.6 - Employee Parking. 46 Section 17.7 - Valet 47 ARTICLEXVIII SUBORDINATIONAND ATTORNMENT BY 47 Section 18.0 - Subordination of Lease 47 Section 18.1 - Attornment by 48 Section 18.2 - Intentionally Deleted. 48 ARTICLE XIX RIGHTS OF LANDLORD 48 Section 19.0 - Landlord's Rightto Access and 48 Section 19.1 - Landlord's Right to Affix to Exterior. 49 Section 19.2 - Landlord's Right to Make Payments on Behalf of 50 ARTICLE XX ASSIGNMENT AND SUBLETTING 50 Section 20.0 - Actions Covered 50 Section 20.1 - Restrictions 51 Section 20.2 - Liability to Landlord. 52 Section 20.3 - Excess Rents. 53 Section 20.4 - Recapture. 53 Section 20.5 - Landlord's Transfers. 53 iv Section 20.6 - No Release of Liability. 53 ARTICLE XXI DAMAGE OR DESTRUCTION. 54 Section 21.0 - Landlord's Obligation to Repair and 54 Section 21.1 - Landlord's Option to Terminate 55 Section 21.2 - Demolitionof Landlord's 55 ARTICLE XXII CONDEMNATION. 56 Section 22.0 - Effect of Taking. 56 Section 22.1 - Compensationand Awards 56 Section 22.2 - Condemnation not a Breach of Lease. 56 ARTICLE XXIII DEFAULT. 57 Section 23.0 - Default. 57 Section 23.1 - Remedies and Damages 58 Section 23.2 - Intentionally Deleted. 60 Section 23.3 - Intentionally Deleted. 60 Section 23.4 - Waiver of Rights of Redemption 60 Section 23.5 - Landlord Default. 60 ARTICLEXXIV COMPETITION. 60 Section 24.0 - Restriction on Tenant. 60 Section 24.1 - Imposition of Damages. 61 ARTICLE XXV NOTICES 61 Section 25.0 - Notices to Tenant and Landlord 61 ARTICLE XXVI MISCELLANEOUS 61 Section 26.0 - Accord and Satisfaction 61 Section 26.1 - Complete Agreement 61 Section 26.2 - Brokerage 62 V Section 26.3 - Effective Date of Lease. 62 Section 26.4 - Estoppel Certificates 62 Section 26.5 - Force Majeure. 63 Section 26.6 - Governing Law 64 Section 26.7 - Recordation. 64 Section 26.8 - Quiet 64 Section 26.9 - Rent Demand. 65 Section 26.10 - Section and Title 65 Section 26.11 - Interpretation;Joint and Several 65 Section 26.12 - Successors and Assigns. 65 Section 26.13 - Waiver 65 Section 26.14 - Limitation on Landlord's 66 Section 26.15 - Litigation 66 Section 26.16 - Survival. 67 Section 26.17 - Severability. 67 Section 26.18 - Counterparts 67 Section 26.19 - Patriot Act. 67 Section 26.20 - Existing Lease 67 vi Index of Defined Terms Defined Term Section 25K Section 7.0 - (a) 75K Section 7.0 - (a) 325K Section 7.0 -