TNPF - The Stock Exchange of Thailand
TNPF - The Stock Exchange of Thailand
TNPF - The Stock Exchange of Thailand
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Consequences <strong>of</strong><br />
Default or<br />
Termination<br />
the Lessee shall rectify its default within 30 days after the<br />
receipt date <strong>of</strong> such notice<br />
If the Lessee fails to rectify and duly comply with the<br />
Agreement within the given period or any other agreed period,<br />
the Fund may terminate this Agreement<br />
Upon occurrence <strong>of</strong> any event <strong>of</strong> default or termination event in<br />
Items 1-3, the Fund may terminate this Agreement by giving a<br />
written notice to the Lessee at least 7 days in advance. <strong>The</strong> Fund<br />
will have the right to claim from the Lessee for the outstanding rent<br />
(if any) due and payable prior to the termination <strong>of</strong> the Lease<br />
Agreement, including damages under the applicable law<br />
Upon occurrence <strong>of</strong> any event <strong>of</strong> default or termination event in<br />
Items 4 and 5, the Lease Agreement shall be terminated and each<br />
party shall have no right to claim for damages, expenses, monies or<br />
any other compensation from the other party. However, the Fund<br />
shall still have the right to claim from the Lessee for the outstanding<br />
rent (if any) due and payable prior to the termination <strong>of</strong> the Lease<br />
Agreement<br />
In the event that either party defaults on payment <strong>of</strong> any debt to the<br />
other party, the non-defaulting party may charge a penalty at 7.5%<br />
per annum <strong>of</strong> the outstanding debt until the payment has been fully<br />
made<br />
2 Lease Agreement <strong>of</strong> Plaza Building, Glow Trinity Silom Arcade and Related Furniture,<br />
Fixtures and Equipment<br />
Parties<br />
Leased Property<br />
Trinity Property Fund (the Lessor or the Fund)<br />
Silomall Co., Ltd. (the Lessee)<br />
1. Plaza Building<br />
1.1 Condominium Unit No. 425/128 (Basement), area <strong>of</strong> 342.81<br />
square meters and Unit No. 425/129 (1 st Floor), area <strong>of</strong><br />
333.08 square meters under Trinity Complex Condominium<br />
Project situated on the title deed no. 530, land no. 455,<br />
survey page 413, at Silom (Sathorn) Sub-district, Bangrak<br />
District, Bangkok and<br />
1.2 Public utilities system, fixtures and equipment<br />
2. Glow Trinity Silom Arcade<br />
Glow Trinity Silom Arcade and Public Utilities System<br />
3. Relevant furniture, fixtures and equipment installed and used in<br />
the Plaza Building and Glow Trinity Silom Arcade<br />
(collectively Leased Property)<br />
Information Memorandum <strong>of</strong> Trinity Property Fund 28