Demise Term Sample Clauses

Demise Term. 2.1 LESSOR, for and in consideration of the covenants hereinafter contained and made on the part of the LESSEE, does hereby demise and lease to LESSEE, and LESSEE does hereby hire from LESSOR, the Demised Premises, together with the non exclusive right to use the portions of the Premises intended for common use, subject, however, to the terms and conditions of this Lease. (a) The term (the “Term”) of this Lease shall commence on the Commencement Date and shall end on the Termination Date.

Demise Term. (a) Owner hereby leases to Tenant and Tenant hereby hires from Owner the land, together with all buildings and improvements now or hereafter located thereon, located at ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇, Brooklyn, New York (collectively, the “Premises”), for a term of five (5) years commencing on January 1, 2005 (the “Commencement Date”), and ending on the last day of the month in which shall occur the fifth anniversary of the Commencement Date (the “Expiration Date”), unless the term is sooner cancelled, terminated or extended as provided in this lease, subject to all covenants, restrictions, easements, agreements and other matters now or hereafter affecting title to the Premises. (b) Tenant shall have the right to extend the term of this lease for a period of five years, commencing on the day immediately following the Expiration Date and expiring on the fifth anniversary of the Expiration Date, on the same terms as are set forth in this lease (except that the fixed rent shall be as provided in this Section and Tenant shall have no further option or right to extend the term), provided (i) Tenant shall give notice to Owner of Tenant’s exercise of its right to extend the term of this lease on or before the date which is 180 days prior to the date initially set forth as the Expiration Date (time being of the essence) and (ii) Tenant is not in default under this lease on the date Tenant exercises its right. If Tenant duly exercises its right to extend the term, any reference in this lease to the term shall be deemed a reference to the term, as extended. (c) The annual fixed rent during the extended term shall be the higher of: (i) the annual fixed rent payable in the last year of the initial term or (ii) the annual fair market fixed rent (“Market Rent”) for the Premises (on the terms set forth in this lease) as determined by Owner within 60 days after receipt of Tenant’s notice. Promptly after making the determination, Owner shall give notice to Tenant of

Demise Term. Sublandlord hereby subleases to Subtenant, and Subtenant hereby hires from Sublandlord, the Premises for a term to commence (subject to the provisions of Sections 17 and 18 hereof) on the Possession Date (as hereinafter defined), and to expire (unless extended or sooner terminated in accordance with this Sublease or applicable law) on June 29, 2036 (such date the “Expiration Date”), both dates inclusive (as may be extended or sooner terminated, the “Term”); it being agreed and acknowledged by Sublandlord and Subtenant that Subtenant shall not (i) perform any alterations within the Premises, (ii) conduct any business in the Premises, or (iii) interfere with the performance of Sublandlord’s Work (as hereinafter defined), in each case, until the Commencement Date (as hereinafter defined). “Possession Date” means the date upon which all of the following have occurred: (w) this Sublease has been fully executed, (x) Sublandlord and Subtenant have received Prime Lessor’s unconditional written consent to this Sublease (substantially in the form attached hereto as Exhibit B) (the “Sublease Consent”), (y) delivery to Subtenant of the Prime Lessor’s Non-Disturbance Agreement, and (z) Sublandlord shall have tendered possession of the Premises to Subtenant.

Demise Term a. District does by these presents lease and demise unto Lessee the property described in Exhibit A, which is attached hereto and made a part hereof for all purposes (the “Land”), together with any and all littoral or riparian rights, rights of ingress and egress, improvements thereon, easements, rights-of-way, licenses, utility rights (including without limitation water, waste water, and sanitary sewer capacity, subject to Sections 4(c)(v), (vi), and (vii), 9(d) and (e), and any other express terms and conditions of this Lease) associated with the Land, all other appurtenances thereto, all strips and gores adjacent to the Land, and all other rights, titles, and interests in and to the Land now held or hereafter acquired by District (together with the Land, the “Premises”), for a primary Term of thirty (30) years commencing on the Effective Date (the “Primary Term”) with options for subsequent Renewal Terms, for the purposes and upon the terms and conditions more particularly set forth in this Lease. The Premises do not include any right, title or interest in and to the public wharves, docks, terminals or facilities of the District. b. The parties agree that this Lease shall not become effective unless and until Lessee or Lessee’s Affiliate makes a positive Final Investment Decision (“FID”) for the first Phase of the LNG Facility. Accordingly, this Lease and all rights and obligations hereunder shall become effective and the Primary Term shall commence on the date (“Effective Date”) indicated in the written notice submitted by Lessee to District, and countersigned by the District, substantially in the form of Exhibit G confirming that Lessee or Lessee’s Affiliate has made its FID for the first Phase of the LNG Facility (“Effective Date Notice”). The Effective Date shall be no later than November 6, 2019 or as otherwise provided in Section 1(c) below (the “Outside Effective Date”). c. In the event that Lessee does not deliver its signed counterpart of the Effective Date Notice prior to the Outside Effective Date because, for reasons unrelated to an act or omission of its own, Lessee is unable to secure one or more of the required permits listed in Exhibit C, then the Outside Effective Date shall be automatically extended on a month-to-month basis for a maximum of six (6) months, after which, if no Effective Date Notice has been provided by Lessee, this Lease shall automatically terminate without any action by District and shall be of no further force or eff...

Demise Term. Sublandlord hereby subleases the Premises to Subtenant, and Subtenant hereby subleases the Premises from Sublandlord, for a term (the "SUBLEASE TERM") commencing as of July 1, 2002 (the "SUBLEASE TERM COMMENCEMENT DATE"), and expiring March 27, 2006 or on the Extended Termination Date (as hereinafter defined) or on such earlier date upon which said term may expire or terminate pursuant to any of the conditions of limitation or other provisions of the Master Lease or this Sublease or pursuant to the provisions of any present or future constitution, law, statute, ordinance, rule, regulation, other governmental order or controlling judicial determination of any federal, state, local, municipal or other governmental body, agency or authority having or asserting jurisdiction and all departments, commissions, boards and officers thereof (collectively the "LAWS"). Notwithstanding anything herein to the contrary, the Sublease Term shall terminate upon the termination of the Term of the Master Lease. Subtenant and Sublandlord agree that no extension rights or renewal options have been granted to Subtenant by Sublandlord and this Sublease shall not be conditioned or contingent upon Subtenant receiving extension or renewal rights from any party. (a) If, prior to March 27, 2006, Subtenant and Lessor enter into a lease of the Premises, then the Sublease Term shall expire on June 30, 2006 (the "EXTENDED TERMINATION DATE)" without the necessity of execution of any further documentation.

Demise Term. Lessor, in consideration of the agreement of Lessee herein contained, hereby leases and demises to Lessee an agreed 1,234 square feet of rentable office space on the 1st floor with assigned suite number 105 (hereafter, “the Premises”) in the Laurel Court office building located at ▇▇▇▇▇ ▇▇▇ ▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇-▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇, ▇▇▇▇▇ (hereafter, the “Building”), for a term beginning on June 1, 2019, continuing for five (5) years, ending May 31, 2024 (hereafter, the “Term”) reserving to Lessor the rental hereinafter set forth in this lease, (the “Lease”), to be upon all of the terms and conditions herein contained.

Demise Term. BASIC RENT; ADDITIONAL RENT; NET LEASE ............................. 8 4.

Demise Term. 1.1 Landlord hereby leases the Leased Premises to Tenant, and Tenant hereby hires the Leased Premises from Landlord, upon, and subject to, the terms, covenants and conditions contained in this Lease. 1.2 The initial Term of Tenant's leasehold estate in and to the Leased Premises shall be for a period of approximately eighteen (18) years, commencing upon the date hereof (hereinafter called the "COMMENCEMENT DATE") and expiring on the eighteenth anniversary of the last day of the month in which the Commencement Date occurs (hereinafter called the "EXPIRATION DATE"), unless this Lease shall sooner terminate or expire as hereinafter provided. 1.3 Landlord grants to Tenant the options (the "EXTENSION OPTIONS") to extend the Term of this Lease for five (5) additional terms of five (5) years each (the "OPTION TERMS") upon and subject to the terms and conditions set forth in this Section 1.

Demise Term. 1.1 WITNESSES that in consideration of the rents, covenants and agreements hereinafter reserved and contained and on the part of the Tenant to be paid, observed and performed, the Landlord does hereby demise and lease to the Tenant the Premises (which are defined in Article 2).