Common use of Demise and Premises Clause in Contracts

Demise and Premises. 1.1 Landlord, in consideration of the rents hereinafter reserved and agreed to be paid by Tenant, hereby leases to Tenant and Tenant hereby leases from Landlord the following described premises (the "PREMISES") situated within the City of Chico, County of Butte, California, being part of a shopping center commonly known as Chico Crossroads Shopping Center (the "SHOPPING CENTER"), and comprised of a portion of a building (the "BUILDING"), which portion contains Leasable Square Footage (as defined in Paragraph 3.1) of approximately 24,660 square feet (with a width of approximately 128 feet and a depth of approximately 154 feet, irregularly shaped), together with the nonexclusive use and benefit of all of Landlord's appurtenant rights, privileges and easements. The Premises has a mailing address recognized by the United States Postal Service of: ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Suite B Chico, California 95926 1.2 For the purposes of this Lease, "TENANT'S PROPORTIONATE SHARE" shall equal a fraction, the numerator of which is the Leasable Square Footage of the Premises as determined by the Square Footage Certificate (defined below), and the denominator of which is the total Leasable Square Footage of all buildings in the Shopping Center, including the Premises, shown on EXHIBIT B, whether those buildings are constructed or occupied, and all buildings constructed that are not shown on EXHIBIT B, whether occupied or not. Currently Landlord estimates the denominator of the fraction to be 267,533 Leasable Square Feet as of the Effective Date hereof, resulting in an estimated Tenant's Proportionate Share of 9.22%, but in the event additional buildings not shown on EXHIBIT B are at any time constructed within the Shopping Center, whether owned by Landlord or others, Tenant's Proportionate Share shall be appropriately adjusted as of the day said additional buildings are completed, whether such buildings are occupied or not. 1.3 A legal description of the Shopping Center is set forth in EXHIBIT A, and the Premises are outlined on the site plan of the Shopping Center attached as EXHIBIT B. Landlord covenants that the Shopping Center is or will be substantially as shown on Exhibit B and contains at least 265,000 Leasable Square Feet.

Demise and Premises. 1.1 Landlord, in consideration of the rents hereinafter reserved and agreed to be paid by Tenant, SECTION 1. Landlord hereby leases to Tenant and Tenant hereby leases hires from Landlord the following described premises Demised Premises for the rents hereinafter reserved and upon and subject to the conditions (the "PREMISES"including limitations, restrictions and reservations) situated within the City of Chico, County of Butte, California, being part of a shopping center commonly known as Chico Crossroads Shopping Center (the "SHOPPING CENTER"), and comprised of a portion of a building (the "BUILDING"), which portion contains Leasable Square Footage (as defined in Paragraph 3.1) of approximately 24,660 square feet (with a width of approximately 128 feet covenants hereinafter provided. Landlord and a depth of approximately 154 feet, irregularly shaped), together with the nonexclusive use Tenant agree to observe and benefit of perform all of Landlordthe conditions and covenants herein contained on its part to be observed and performed. SECTION 2. Subject to the restrictions herein, this Lease includes the right of Tenant to use (i) Common Building Facilities and (ii) Tenant's appurtenant rightsParking Spaces. SECTION 3. Landlord and Tenant agree that the general location, privileges size and easements. The layout of the Demised Premises has a mailing address recognized by the United States Postal Service of: as outlined in Exhi▇▇▇▇ "▇", "▇-▇" ▇▇▇d "A-2" shall not be deemed to be a warranty, representation or agreement on the part of Landlord that the Demised Premises and the Building will be exactly as indicated on Exhi▇▇▇▇ "▇", "▇-▇" ▇▇d "A-2". Landlord represents that the general location, size and layout of the Demised Premises is substantially as shown on Exhi▇▇▇▇ Suite B Chico, California 95926 1.2 For the purposes of this Lease"▇", "TENANT'S PROPORTIONATE SHARE▇-▇" ▇▇d "A-2". SECTION 4. Nothing herein contained shall equal be construed as a fraction, the numerator of which is the Leasable Square Footage grant or demise by Landlord to Tenant of the roof or exterior walls of the Building, of the space above and below the Demised Premises, of the parcel of land on which the Demised Premises as determined by are located, and/or of any parking or other areas adjacent or underneath the Square Footage Certificate (defined below)Building. SECTION 5. Landlord represents and warrants that the Building was constructed during the years 1974 through 1977 and contains no ACM, PCB'S, lead-based paint, or urea formaldehyde foam. Landlord represents that to the best of Landlord's knowledge, Landlord has received no notice that the Demised Premises are not currently in compliance with all present laws and requirements of public authorities. Landlord has not made any further representations or warranties whatsoever with respect to the Demised Premises. Tenant acknowledges that it is fully familiar with the Demised Premises and the denominator condition and state of which is the total Leasable Square Footage of all buildings in the Shopping Center, including the Premises, shown on EXHIBIT B, whether those buildings are constructed or occupied, and all buildings constructed that are not shown on EXHIBIT B, whether occupied or not. Currently Landlord estimates the denominator of the fraction to be 267,533 Leasable Square Feet as of the Effective Date hereof, resulting in an estimated Tenant's Proportionate Share of 9.22%, but in the event additional buildings not shown on EXHIBIT B are at any time constructed within the Shopping Center, whether owned by Landlord or others, Tenant's Proportionate Share shall be appropriately adjusted as of the day said additional buildings are completed, whether such buildings are occupied or not. 1.3 A legal description of the Shopping Center is set forth in EXHIBIT A, and the Premises are outlined repair thereof on the site plan of the Shopping Center attached as EXHIBIT B. Landlord covenants that the Shopping Center is or will be substantially as shown on Exhibit B and contains at least 265,000 Leasable Square Feetdate hereof.