Item 11 Risks which the Fire [1.1 & 6.2] insurance policies must cover: Lightning Storm and Tempest Explosion Riots and Civil Commotion Strikes Malicious Damage Earthquake Impact by Vehicles Impact by Aircraft and articles dropped from them Internal Flood Water and such other risks as the Landlord reasonably specifies from time to time. Item 12 Amount of public risk $20,000,000.00 or other amount [1.1 & 2.3.1] insurance cover: reasonably specified from time to time by the Landlord. Item 13 Period of loss of rent Six months [1.1] and outgoings insurance: Item 14 Interest rate on 2% per annum more than the [2.1.7] overdue money: rate from time to time fixed by the Penalty Interest Rates Act 1983 (Vic). Item 15 Permitted Use: Office [2.2.1] [1.13] Application of Act: The Act does apply. Item 16 Market Review The commencement date of the [2.1.1, 11, 18] date(s): further term. CPI review date(s): Annually, on each anniversary of the Commencement Date in accordance with CPI (Melbourne). Fixed review date(s) Not applicable and percentage increases or fixed amount: Item 17 Who may initiate Reviews: [2.1.1, 11, 18] Market review: Either party CPI review: Review is automatic Fixed review: Not applicable Item 18 Further Term: One (1) further term of five (5) [12] years during which the rent will be adjusted to CPI on each
Item 11 [1.1 & 6.2] Risks which the insurance policies must cover: Fire Lightning Storm and Tempest Explosion Riots and Civil Commotion Strikes Malicious Damage Earthquake Impact by Vehicles Impact by Aircraft and articles dropped from them Internal Flood Water and such other risks as the Landlord reasonably specifies from time to time. Item 12 [1.1 & 2.3.1] Amount of public risk insurance cover: $20,000,000.00 or other amount reasonably specified from time to time by the Landlord. Item 13 [1.1] Period of loss of rent and outgoings insurance: Six months Item 14 [2.1.7] Interest rate on overdue money: 2% per annum more than the rate from time to time fixed by the Penalty Interest Rates Act 1983 (Vic). Item 15 [2.2.1] [1.13] Permitted Use: Application of Act: Office The Act does apply. Item 16 [2.1.1, 11, 18] Market Review date(s): CPI review date(s): Fixed review date(s) and percentage increases or fixed amount: The commencement date of the further term. Annually, on each anniversary of the Commencement Date in accordance with CPI (Melbourne). Not applicable Item 17 [2.1.1, 11, 18] Who may initiate Reviews: Market review: CPI review: Fixed review: Either party Review is automatic Not applicable Item 18 [12] Further Term: One (1) further term of five (5) years during which the rent will be adjusted to CPI on each
Commercial-lease-precedent-schedule-additional-provisions.docx