Grant and Term of Lease Sample Clauses

Grant and Term of Lease. (a) Landlord does hereby let and lease to Tenant the Premises, together with all right to use the Common Areas for the Term, subject to the terms and conditions set forth in this Lease.
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Grant and Term of Lease. Landlord hereby demises and leases the Demised Premises to Tenant, to have and to hold the same, for a term commencing on the Lease Commencement Date (as defined in Section 2.3(a) hereof) and ending 25 Lease Years (as defined in Section 3.1 hereof) after the Lease Commencement Date, unless sooner terminated in the manner provided herein (the "Term"), to be occupied and used by Tenant for the uses permitted under Section 4.1 hereof, subject to the covenants and agreements herein contained. Tenant shall be liable to Landlord for the payment of Base Rent (as defined in Section 3.1 hereof) and the payment of any other obligations to be paid by Tenant commencing on the Lease Commencement Date. I\3883853.6
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Grant and Term of Lease. 3 3. RENT...................................................................4
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Grant and Term of Lease. Upon the term and conditions hereinafter set forth and subject to the Existing Mortgage and the Existing Security Agreement, Lessor hereby leases to Lessee, and Lessee leases from Lessor, all of the following (collectively, the "Leased Premises"): the land and all buildings, structures, other improvements and fixtures now standing or at any time hereafter constructed or placed upon the Site, including, without limitation, all of the foregoing which are included in or constitute a part of the Facility (said buildings, structures, other improvements and fixtures being herein collectively called the "Improvements") and all equipment, machinery, furniture, furnishings and removable fixtures of every kind and nature (the "Tangible Personal Property" as more particularly described in the Bilx xx Sale) whatsoever which are now or at any time hereafter located in or upon, or affixed to, the Site (the description of which site is attached hereto and made a part hereof as EXHIBIT A hereto) and/or any Improvements which now or hereafter are used or useful in connection with, or constitute a part of, the Facility. The Leased Premises do not include any inventory, accounts receivable or intangible personal property. The term (the "Term") of this Lease shall be from January 1, 2002 to December 31, 2032. Notwithstanding the foregoing, Lessee shall have the option at any time during the Term to terminate this Lease by exercising its Option to Purchase pursuant to Section 4 hereof; provided, however, that the indemnification obligations from Lessee in favor of Lessor shall survive termination of the Lease, pursuant to Article VI of the Loan Agreement.
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Grant and Term of Lease. (a) Landlord does hereby let and lease to Tenant the Premises, together with all right to use the Common Areas for the Term, subject to the terms and conditions set forth in this Lease. (b) Landlord reserves the right to enter the Premises at any time in case of emergency and at all other reasonable times and upon reasonable advance notice (i) to inspect the condition of the Premises; and (ii) to make repairs to the building in which the Premises are located, to the extent Landlord is required to do so, or is otherwise permitted to do so, pursuant to the terms of this Lease.
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Grant and Term of Lease. 1.1 For the rent and upon the terms and conditions hereinafter stated, the Lessor does let and lease unto Lessee and Lessee does let and lease from Lessor that certain mobile home more particularly described on Exhibit "A" attached hereto and by this reference made a part hereof (the "Mobile Home").
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Grant and Term of Lease 
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Related to Grant and Term of Lease

  • Term of Lease This Lease shall commence on the date of ________ and shall continue until its natural termination under this part on the date of ________ at 11:59 PM. After the date of termination, this Lease shall automatically renew and shall continue for the same term amount until Landlord or Tenant undertake cancellation of this Lease in writing. At the expiration of this Lease, Tenant shall be responsible for providing a forwarding address to Landlord to receive any funds owed or other notices.

  • Commencement and Term This Agreement shall commence upon the Effective Date and continue for the Agreement Term.

  • Effective Date and Term of Agreement This Agreement is effective and binding on the Company and Employee as of the date hereof; provided, however, that, subject to Section 2(d), the provisions of Sections 3 and 4 shall become operative only upon the Change in Control Date.

  • Term of Agreement and Termination 2.1. This Agreement enters into effect at the time of acceptance of this Agreement.

  • DEMISE AND TERM Subject to issuance of the Arch Street Consent pursuant to Section 2(b) below and the Consent as set forth in Section 3 below, Sublandlord hereby leases to Subtenant, and Subtenant hereby leases from Sublandlord, the approximately 25,445 rentable square feet of space on the twenty-sixth (26th) floor, as more particularly shown on Exhibit A attached hereto (the “Subleased Premises”), of the building known as and numbered as 00 Xxxx Xxxxxx, Xxxxxx, Xxxxxxxxxxxxx (the “Building”). The term of this Sublease (the “Sublease Term”) shall commence upon the date that is the latest to occur of (a) the date on which Sublandlord has received the Consent of the Prime Landlord (as defined in Section 3 below) to this Sublease, (b) the date on which Sublandlord delivers the Subleased Premises to Subtenant in the condition required pursuant to Section 13 below, (c) the issuance of the Arch Street Consent, and (d) April 1, 2021 (the “Commencement Date”), and expire on December 31, 2025 (the “Expiration Date”). Notwithstanding the foregoing, provided that Prime Landlord has issued the Consent on or before such date and Subtenant has paid the Security Deposit and first month’s Sublease Rent due hereunder and provided to Sublandlord and Prime Landlord a certificate of insurance demonstrating that Subtenant has procured and is maintaining the insurance coverages required hereunder, Subtenant may, without obligation to pay Sublease Rent, enter the Subleased Premises from and after March 19, 2021 solely for the purpose of installing its furniture, fixtures, tel/data, and equipment therein, provided that in the event Subtenant commences its business operations in any portion of the Subleased Premises prior to the Commencement Date as set forth above, the Commencement Date shall be the date on which Subtenant commences its business operations in the Subleased Premises.

  • Extension of Lease Term The Term of the Lease is hereby extended, pursuant to all of the terms and conditions of the Lease as amended, for an additional period of forty-two (42) months, ending on August 31, 2022 (the “First Extended Term”).

  • Termination of Lease Should Landlord elect to terminate this Lease pursuant to the provisions of Sections 24.1 (a) or (c) above, Landlord may recover from Tenant, as damages, the following: (a) The worth at the time of award of any unpaid rental which had been earned at the time of the termination, plus (b) the worth at the time of award of the amount by which the unpaid rental which would have been earned after termination until the time of award exceeds the amount of rental loss Tenant proves could have been reasonably avoided, plus (c) the worth at the time of award of the amount by which the unpaid rental for the balance of the Term after the time of award exceeds the amount of rental loss that Tenant proves could be reasonably avoided, plus (d) any other amounts necessary to compensate Landlord for all the detriment proximately caused by Tenant's failure to perform its obligations under this Lease or which, in the ordinary course of things, would be likely to result therefrom including, but not limited to, any costs or expenses incurred by Landlord in (i) retaking possession of the Premises, including reasonable attorneys' fees therefor, (ii) maintaining or preserving the Premises after any default, (iii) preparing the Premises for reletting to a new tenant, including repairs or alterations to the Premises, (iv) leasing commissions, or (v) any other costs necessary or appropriate to relet the Premises, plus (e) at Landlord's election, any other amounts in addition to or in lieu of the foregoing as may be permitted from time to time by the laws of the State of Nevada. As used in subparagraphs (a) and (b) above, the "worth at the time of award" is computed by allowing interest at the maximum lawful rate. As used in subparagraph (c) above, the "worth at the time of award" is computed by discounting such amount at the discount rate of the Federal Reserve Bank situated nearest to the location of the Shopping Center at the time of award plus one percent (1%).

  • Term of Agreement This Agreement shall continue in full force and effect until the tenth (10th) anniversary of Bank Closing; provided, that the provisions of Section 6.3 and 6.4 shall survive the expiration of the term of this Agreement; and provided further, that the receivership of the Failed Bank may be terminated prior to the expiration of the term of this Agreement, and in such event, the guaranty of the Corporation, as provided in and in accordance with the provisions of Section 12.7 shall be in effect for the remainder of the term of this Agreement. Expiration of the term of this Agreement shall not affect any claim or liability of any party with respect to any (i) amount which is owing at the time of such expiration, regardless of when such amount becomes payable, and (ii) breach of this Agreement occurring prior to such expiration, regardless of when such breach is discovered.

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