Common use of Demising Clause Clause in Contracts

Demising Clause. For and in consideration of the performance and observance by the City of the agreements and covenants of this Capital Lease to be performed and observed by the City, the Developer does hereby lease and demise to City, and City does hereby lease, take and hire from the Developer the following property constituting the Parking Facility LESS AND EXCEPT the Exclusive Spaces (as defined below), subject to this Capital Lease:

Demising Clause. For and in consideration of the performance and observance by the City of the agreements and covenants of this Capital Lease to be performed and observed by the City, the Developer does hereby lease and demise to City, and City does hereby lease, take and hire from the Developer the following property constituting the Parking Facility LESS AND EXCEPT the Exclusive Spaces (as defined below), subject to this Capital Lease:

Demising Clause. For and in consideration of the performance and observance by the City of the agreements and covenants of this Capital Lease to be performed and observed by the City, the Developer does hereby lease and demise to City, and City does hereby lease, take and hire from the Developer the following property constituting the Parking Facility LESS AND EXCEPT the Exclusive Spaces (as defined below)Facility, subject to this Capital Lease: