Peters, as Trustees of the Liliuokalani Trust, hereinafter called the “Declaration”, Lessor, Sublessor and Grantor have submitted the land together with the improvements to be constructed thereon to a Horizontal Property Regime known as WAIKIKI BANYAN, hereinafter referred to as the “Project”, pursuant to Chapter 514A, Hawaii Revised Statutes, as amended and 209,1663, issued to First Hawaiian Bank, a Hawaii corporation, Clorinda Low Lucas and David M. WHEREAS, by Declaration of Horizontal Property Regime dated March 23, 1978, recorded in the Bureau of Conveyances of the State of Hawaii in Liber 12789,, as amended, also mentioned in Transfer Certificate of Title No. WHEREAS, by Indenture of Lease dated February 22, 1977, effective as of December 1, 1977, recorded in the Bureau of Conveyances of the State of Hawaii in Liber 12746,, herein referred to as the “Master Lease”, said Trustees and Kawaiahao demised the real property described in Exhibits “A” and “B” attached hereto to the Sublessor and
WHEREAS, Kawaiahao is the owner of the real property described in Exhibit “B” attached hereto and incorporated herein by reference and WHEREAS, the Trustees are the owners in fee simple of the real property described in Exhibit “A” attached hereto and incorporated herein by reference and
Hereinafter referred to as the “Sublessee”, Husband and wife, whose residence and post office address is THIS INDENTURE made this _ day of _, 1979 by and between the TRUSTEES OF THE LILIUOKALANI TRUST, hereinafter referred to as the “Trustees”, and KAWAIAHAO CHURCH, hereinafter referred to as “Kawaiahao”, said Trustees and Kawaiahao being herein collectively referred to as the “Lessor”, BANYAN ONE, INC., a Hawaii corporation, the principal place of business and post office address of which is Suite 505, 677 Ala Moana Boulevard, Honolulu, Hawaii, hereinafter referred to as the “Sublessor”, WAIKIKI BANYAN, INC., a Hawaii corporation, hereinafter referred to as the “Grantor”, and
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