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6C4&5
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03-28-13
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6C4&5
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1/13/2014 11:54:20 AM
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LEASE TERMINATION AGREEMENT <br />This LEASE TERMINATION AGREEMENT ( "Agreement ") is entered into by and <br />between the City of South Bend, Indiana, through its Board of Public Works ( "City"), and <br />Robert Bosch LLC, successor to Robert Bosch Corporation ( "Bosch ") (collectively "Parties "), <br />on the date that the Agreement is fully executed below (the "Effective Date "). <br />WHEREAS, the Parties entered into a Real Property Lease Agreement dated August 1, <br />2000 with an effective date of August 17, 2000 ( "Lease Agreement "); and <br />WHEREAS, as part of an incentive package to retain Bosch in the city of South Bend, the <br />Parties entered into an Agreement For The Use and Rehabilitation of Real Property dated August <br />17, 2000 ( "Rehabilitation Agreement ") under which the City agreed to and as Assignee under an <br />Assignment and Assumption Agreement purchased the Property, the subject of the Agreement of <br />Sale by and between Honeywell International, Inc. and Bosch dated August 1, 2000 ( "Agreement <br />of Sale "); and <br />WHEREAS, the City as Assignee under the Assignment and Assumption Agreement <br />assumed all of Bosch's obligations under the Environmental Remediation Agreement, License <br />and Easement by and between Honeywell International, Inc. and Bosch, signed and <br />acknowledged on August 11, 2000 ( "Remediation Agreement ") as well as all of Bosch's <br />obligations under the Ingress, Egress and Maintenance Easement Agreement ( "Easement <br />Agreement ") subject to the proviso that such assumption would not release Bosch from its <br />obligations under those agreements; and <br />WHEREAS, the Easement Agreement has by its own terms been fulfilled and thereby <br />terminated; and <br />WHEREAS, Bosch provided written notice to the City, pursuant to Section 21 of the <br />Lease Agreement, that it is exercising its right to terminate its lease with an effective date of <br />termination of December 31, 2012; and <br />WHEREAS, the Parties seek to and hereby do resolve all outstanding obligations and <br />liabilities each party owes to the other arising out of the Lease Agreement and the Rehabilitation <br />Agreement, excepting only " Bosch's Continuing Obligations" and the "City's Continuing <br />Obligations ", as defined herein. <br />Now, therefore, the Parties agree as follows: <br />Section 1— Definitions <br />Except as modified or expressly defined herein all capitalized terms used in this <br />Agreement will have the meanings given those terms in the Agreement of Sale, Remediation <br />Agreement, Easement Agreement or Rehabilitation Agreement as applicable. <br />
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