Assigned Space – Initial Description Sample Clauses
The "Assigned Space – Initial Description" clause defines and describes the specific area within a property that is allocated to a tenant at the start of a lease. It typically outlines the location, size, and boundaries of the leased premises, often referencing floor plans or suite numbers to provide clarity. By clearly identifying the tenant's space, this clause helps prevent disputes over property use and ensures both parties understand the exact area covered by the lease agreement.
Assigned Space – Initial Description. The “Assigned Space” is the space depicted on attached Exhibit “1”. The Assigned Space is located in Terminal 1. As used in this Permit, Terminal 1 shall mean the existing terminal building at the Airport designated by Port as “Terminal 1”, presently consisting of Buildings ▇-▇▇▇, ▇-▇▇▇ ▇▇▇ ▇-▇▇▇; Terminal 2 shall mean the existing terminal building at the Airport designated by Port as “Terminal 2”, presently consisting of buildings M-130 and M-152; and “Terminal 2 Extension” shall mean the improvements and extensions of Terminal 2, known as Buildings 367 and 368. Permittee shall have exclusive use of the Assigned Space, except to the extent otherwise provided in Paragraph I.3(c) below. This Permit is subject to (1) all easements, covenants, conditions, restrictions, reservations, rights of way, liens, encumbrances and other matters of record, (2) all matters discoverable by physical inspection of the Assigned Space or that would be discovered by an accurate survey of the Assigned Space, (3) all matters disclosed in the Environmental Condition Documents pursuant to Paragraph (19) of Section 32 of Attachment “A” below, and (4) all matters known to Permittee or of which Permittee has notice, constructive or otherwise including, without limitation, those shown on attached Exhibits “12” and “13”.