<PAGE>
================================================================================
EXHIBIT 10.35
CONSTRUCTION AGENCY AGREEMENT
dated as of July 31,
1997
among
SUNTRUST BANKS, INC.
and
CHOICEPOINT INC.
as Construction Agent
================================================================================
<PAGE>
TABLE OF CONTENTS
Page
ARTICLE I
DEFINITIONS
1.1.
Defined
Terms..................................................2
ARTICLE II
APPOINTMENT OF CONSTRUCTION AGENT
2.1.
Appointment....................................................2
2.2.
Acceptance;
Construction.......................................2
2.3.
Commencement of
Construction...................................2
2.4.
Supplements to this
Agreement..................................2
2.5.
Term...........................................................3
2.6.
Identification of Properties; Construction
Documents...........3
2.7.
Scope of
Authority.............................................3
2.8.
Covenants of the Construction
Agent............................4
ARTICLE III
THE BUILDINGS
3.1.
Construction...................................................5
3.2.
Amendments;
Modifications......................................5
3.3.
Casualty, Condemnation and Construction Force Majeure
Events.........................................................6
ARTICLE IV
PAYMENT OF FUNDS
4.1.
Funding of Property Acquisition Costs and Property
Buildings
Costs................................................6
ARTICLE V
CONSTRUCTION AGENCY EVENTS OF DEFAULT
5.1.
Construction Agency Events of
Default..........................7
5.2.
Damages........................................................8
5.3.
Remedies; Remedies
Cumulative..................................8
ARTICLE VI
NO CONSTRUCTION AGENCY FEE
6.1.
Lease as Fulfillment of Lessor's
Obligations...................8
i
<PAGE>
Page
ARTICLE VII
LESSOR'S RIGHTS; CONSTRUCTION AGENT'S RIGHTS
7.1.
Exercise of the Lessor's
Rights................................9
7.2.
Lessor's Right to Cure Construction Agent's
Defaults...........9
ARTICLE VIII
MISCELLANEOUS
8.1.
Notices........................................................9
8.2.
Successors and
Assigns.........................................9
8.3.
GOVERNING
LAW.................................................10
8.4.
Amendments and
Waivers........................................10
8.5.
Counterparts..................................................10
8.6.
Severability..................................................10
8.7.
Headings and Table of
Contents................................10
||
EXHIBITS
Exhibit A
Form of Supplement to Construction
Agency Agreement
Exhibit B
Form of Assignment of Construction
Contracts
ii
<PAGE>
CONSTRUCTION AGENCY AGREEMENT
CONSTRUCTION AGENCY AGREEMENT, dated as of July 31, 1997 (as
amended,
supplemented or otherwise modified from
time to time, this "Agreement"), between
SUNTRUST BANKS, INC., a Georgia
corporation, (the "Lessor"), and CHOICEPOINT
INC., a Georgia corporation (in its
capacity as construction agent, the
"Construction Agent").
PRELIMINARY
STATEMENT
A. ChoicePoint Inc., as lessee (the "Lessee"), and Lessor, as
lessor,
are parties to that certain Lease (as
amended, supplemented or otherwise
modified from time to time pursuant
thereto, the "Lease"), pursuant to which the
Lessee has agreed to lease from Lessor, and
Lessor have agreed to lease to
Lessee, Lessor's interests in certain
Leased Properties.
B. Lessor, the Lessee, and SunTrust Bank, Atlanta, as agent (in
such
capacity, the "Agent") are parties to that
certain Master Agreement, dated as of
even date herewith (as amended,
supplemented or otherwise modified from time to
time pursuant thereto, the "Master
Agreement").
C. Subject to the terms and conditions hereof, (i) the Lessor
desires
to appoint the Construction Agent as its
sole and exclusive agent for the
identification and acquisition of the Land
pursuant to the Master Agreement and
construction of the Buildings in accordance
with the Plans and Specifications
and pursuant to the Master Agreement, and
(ii) the Construction Agent desires,
for the benefit of the Lessor, to cause the
Buildings to be constructed in
accordance with the Plans and
Specifications and pursuant to the Master
Agreement and this Agreement, in each case
in accordance with the terms herein
set forth.
NOW, THEREFORE, in consideration of the foregoing, and for other
good
and valuable consideration, the receipt and
sufficiency of which are hereby
acknowledged, the parties hereto covenant
and agree as follows:
<PAGE>
ARTICLE I
DEFINITIONS
1.1. Defined Terms.
Capitalized terms used
but not
otherwise defined in this Agreement shall
have the meanings set forth in the
Master Agreement.
ARTICLE II
APPOINTMENT OF CONSTRUCTION AGENT
2.1. Appointment.
Pursuant to and subject to the terms and conditions
set forth herein and in the Master
Agreement and the other Operative Documents,
the Lessor hereby irrevocably designates
and appoints the Construction Agent as
its exclusive agent for the identification
and acquisition from time to time of
Land to be acquired by the Lessor and
construction of the Buildings in
accordance with the Plans and
Specifications on such Land.
2.2. Acceptance;
Construction. The Construction Agent hereby
unconditionally accepts the designation and
appointment as Construction Agent.
The Construction Agent will cause the
Buildings to be constructed on the Land in
substantial accordance with the Plans and
Specifications and equipped in
substantial compliance in all material
respects with all Requirements of Law and
insurance requirements.
2.3. Commencement of
Construction. Subject to Construction Force
Majeure Events, the Construction Agent
hereby agrees, unconditionally and for
the benefit of the Lessor, to commence
construction of a Building on each parcel
of Land as soon as is practicable after the
Closing Date in respect of such
Property. For purposes hereof, construction
of a Building shall be deemed to
commence on the date (the "Construction
Commencement Date") on which [excavation
for the foundation for such Building]
commences, as certified by the
Construction Agent to the Lessor and the
Agent in writing. Without limiting the
foregoing, no phase of such construction
shall be undertaken until all permits
required for such phase have been issued
therefor.
2.4. Supplements to
this Agreement. On the Closing Date of each parcel
of Land, the Lessor and the Construction
Agent shall each execute and deliver to
the Agent a supplement to this Agreement in
the form of Exhibit A to this
Agreement, appropriately completed,
pursuant to which the Lessor and the
Construction Agent shall, among other
things, each acknowledge and agree that
the construction and development of such
Land will be governed by the terms of
this Agreement. Following the
2
<PAGE>
execution and delivery of a supplement to
this Agreement as provided above, such
supplement and all supplements previously
delivered under this Agreement shall
constitute a part of this Agreement