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of payment
Sublease and
Assignment
Insurance
Where the Lessee has made such payment (excluding
expenses arising out of management of Glow Trinity
Silom Building), the Fund will at its discretion reimburse
the appropriate and reasonable amount to the Lessee
within 15 business days from the receipt date of the
Lessees notice, unless otherwise agreed by the parties
7. The Lessee shall furnish to the Fund the information relating to
the operation of the Glow Trinity Silom Building, including
information relating to or under the Management Agreement,
as may be notified in writing by the Fund to the Lessee
The Lessee shall not assign its rights under this Agreement in whole
or in part to any person, unless having obtained a prior written
consent from the Fund
The Lessee shall not sublease the Leased Properties to any third
party in whole or in part, except for the sublease under the operation
of Serviced Apartment Project or hotel (in case of having obtained a
hotel operation license) or unless having obtained a prior written
consent from the Fund
The aforesaid terms and conditions shall not be applicable to the
sublease of the Leased Properties in an area of not exceeding 50
square meters and/or with a lease term less than 1 year
The Lessee shall procure the following insurances sufficiently and
appropriately to the Funds interest to the property invested
throughout the lease term
1. Casualty insurance and property insurance where
1.1 the Fund will be an insured
1.2 the Fund will be a beneficiary
1.3 the Lessee will pay the premium
1.4 the insurance coverage shall equal to the replacement
value of the Leased Properties or other values determined
at the discretion of the Management Company and
Mutual Fund Supervisor pursuant to the regulations
prescribed by the SEC and/or the Office of the SEC
2. Business Interruption Insurance where
2.1 the Fund will be an insured
2.2 the Fund will be a beneficiary
2.3 the Lessee will pay the premium
2.4 Period of indemnity will be 3 years
Information Memorandum of Trinity Property Fund 24