Common use of Demised Term Clause in Contracts

Demised Term. The "Initial Term" of this Lease and ------------ ------------ Tenant's obligation to pay Rent (as hereinafter defined) shall commence on the Completion Date and shall end fifteen (15) years following the first day of the first Lease Year (as hereinafter defined). Landlord and Tenant may enforce and Landlord and Tenant agree to be bound by the terms and conditions of this Lease from the date of execution hereof. Within thirty (30) days of the Completion Date the parties shall sign Exhibit D attached hereto setting --------- forth the exact agreed Completion Date.

Appears in 1 contract

Sources: Lease (Delco Remy International Inc)

Demised Term. The "Initial Term" of this Lease and ------------ ------------ Tenant's obligation to pay Rent (as hereinafter defined) shall commence on the Completion Date and shall end fifteen (15) years following the first day of the first Lease Year (as hereinafter defined). Landlord and Tenant may enforce and Landlord and Tenant agree to be bound by the terms and conditions of this Lease from the date of execution hereof. Within thirty (30) days August 7, 1995 (American Way Manufacturing Center) of the Completion Date the parties shall sign Exhibit D attached hereto setting --------- forth the exact agreed Completion Date.

Appears in 1 contract

Sources: Lease (Delco Remy International Inc)