Shopping Center Sublease (131K)
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SHOPPING CENTER SUBLEASE
BETWEEN
PANORAMA TOWNE CENTER, L.P., AS LANDLORD
AND
PAN AMERICAN BANK OF SAN MATEO, FSB, AS TENANT
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SHOPPING CENTER SUBLEASE
This Shopping Center Sublease (the "Lease" herein), dated September
25, 1995 for reference purposes only, is made by and between Panorama Towne
Center, L.P., a California Limited Partnership, as Landlord, and Pan American
Bank of San Mateo, FSB, a Federally-chartered savings bank, as Tenant.
1. LEASE OF PREMISES.
In consideration of the Rent (as defined in Article 9) to be paid by Tenant and
the performance of the covenants and agreements to be performed by Tenant under
this Lease, Landlord agrees to sublease to Tenant and Tenant agrees to sublease
from Landlord, the Premises shown by diagonal lines on Exhibit "A" attached
hereto, and further described at Section 3.h. The Premises are located within
the shopping center described in Section 3.j. Tenant shall have the non-
exclusive right (unless otherwise provided herein) in common with Landlord and
other tenants, subtenants and invitees of the Shopping Center, to use of the
Common Areas (as defined at Section 3.c.).
2. LEASE REVIEW OBLIGATIONS OF LANDLORD AND TENANT.
Landlord and Tenant acknowledge and agree that each has the responsibility to
personally review and approve the contents of this Lease and to have this Lease
reviewed, approved, and modified as needed by its attorneys before the Lease is
signed.
3. DEFINITIONS.
As used in this Lease, the following terms have the following meanings:
a. BROKER: CB Commercial Real Estate Group, Inc.
b. COMMENCEMENT DATE: The earliest of the following dates:
(i) The date Tenant initially opens for business
in the Premises; or
(ii) 60 days after substantial completion of
Landlord's Work (as defined in Exhibit "C" to
the Lease) in the Premises.
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The date of such substantial completion is the
date the Premises are substantially complete
to the extent of Landlord's Work, except for
such work that Landlord cannot complete until
Tenant performs necessary portions of Tenant's
Work (as defined in Exhibit "C"). Substantial
completion of Landlord's work shall be
evidenced by notice to Tenant from Landlord's
architect or designated representative that
substantial completion has occurred.
Tenant shall commence Tenant's Work promptly upon substantial completion of
Landlord's Work and shall diligently complete Tenant's Work so that Tenant
can promptly open for business in the Premises.
c. COMMON AREAS: All areas, structural portions, facilities and equipment of
the Shopping Center outside the Premises and the premises of other tenants,
but within the exterior boundaries of the Shopping Center that are provided
and designated by Landlord from time to time for the general use, benefit
and/or convenience of Tenant and/or other tenants of the shopping Center
and/or their respective authorized representatives and invitees. Common
Areas include without limitation, pedestrian walkways and patios,
landscaped areas, sidewalks, service corridors, public restrooms,
stairways, roofs, walls, plazas, malls (including any enclosed malls where
climate control is provided), throughways, loading areas, parking areas,
and roads, all as generally shown on Exhibit "A." Landlord shall have the
right to regulate or restrict the use of the Common Areas, provided the use
and occupancy of the Premises by Tenant and its employees, agents and
invitees is not materially adversely affected thereby, and further provided
that Landlord may designate a portion or portions of the Common Areas for
Tenant's employees' parking.
d. FLOOR AREA: As to both the Premises and the Shopping Center, the
respective measurements of floor area as are from time to time subject to
lease by Tenant and all tenants of the Shopping Center, respectively, as
determined and applied by Landlord on a consistent basis throughout the
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