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Amendment Agreement of November 11, 2011

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Sports & Exhibition Authority of Pittsburgh and Allegheny County
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Archive. Older than three years, so it lives here rather than in the navigation, and stays searchable in full text.
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973 KB PDF

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What This Document Says

AMENDMENT AGREEMENT THIS AMENDMENT AGREEMENT (this “Amendment") is made and entered into as of the 11" day of November, 2011 (the "Amendment Effective Daté"), between the Stadium Authority of the City of Pittsburgh (the "Optionor") and NorthShore Developers, L.P. (the "Optiones"). WITNESSETH: WHEREAS, pursuant to (a) that certain Lease Agreement by and between the Sports and Exhibition Authority of Pittsburgh and Allegheny County (the "SEA") and Pittsburgh Associates dated June 2, 2000, as amended (the "Pirates Lease") and (b) that certain Lease Agreement dated June 20, 2000, by and between the SEA and PSSI Stadium Corp. (the predecessor-in-interest to PSSI Stadium LLC), as amended (the "Steelers Lease," together with the Pirates Lease, the "Team Leases"), stadia were erected in the North Shore area of Pittsburgh, Pennsylvania, to serve as the home of the Pittsburgh Pirates and Pittsburgh Steelers; and WHEREAS, in connection with the Team Leases, Optionor and Optionee entered into that certain Option Agreement, dated September 25, 2003 (the "Original Option Agreement"), which was reaffirmed, amended and supplemented by that certain Reaffirmation, Settlement and Amendment Agreement, dated as of December 30, 2008, between Optionor and Optionee (the "Reaffirmation Agreement”) (collectively, the "Option Agreement"), pursuant to which Optionor granted Optionee the exclusive option…

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