Lathrop Lease Sample Clauses

Lathrop Lease. Tenant is currently a tenant under that certain Standard Industrial/Commercial Multi-Tenant Lease - Net dated April 4, 2014 (the “Existing Lathrop Lease”) by and between Tenant and LIT Industrial Limited Partnership, as successor-in-interest to Xxxxxxx Industrial Development III, LLC (the “Lathrop Landlord”) relating to property located at 00000 Xxxxxxxx Xxxxxxx, Lathrop, California (the “Lathrop Premises”). The Existing Lathrop Lease is scheduled to expire in accordance with its terms on March 31, 2021, provided that Tenant has the right terminate the Existing Lathrop Lease effective on January 31, 2018 upon delivery of written notice to the Lathrop Landlord on or before April 1, 2017 and the payment of a termination fee in the amount of [***] Dollars ($[***]) (“Lathrop Termination Fee”). Tenant agrees not to exercise the right terminate the Existing Lathrop Lease prior to March 15, 2017. In the event Tenant exercises the early termination right under the Existing Lathrop Lease and pays the Lathrop Termination Fee to the Lathrop Landlord when due, Landlord shall, within thirty (30) days after receipt of a written demand, reimburse Tenant for Lathrop Termination Fee to the extent that Tenant provides evidence to Landlord that Tenant has paid the Lathrop Termination Fee to the Lathrop Landlord. In the event that any portion of the Lathrop Termination Fee required to be paid by Landlord in accordance with the foregoing terms is not paid when due and Landlord further fails to pay such amount within thirty (30) days after receipt of a written demand for payment from Tenant, Tenant shall have the right to offset the amount of due against the next payments of Base Rent on a monthly basis; provided, however, the amount abated each month shall be limited to twenty-five (25%) percent of each monthly payment of Base Rent; provided, further, however, in all events, Tenant shall be entitled to fully recover such costs during the Term so that the percentage of recovery from Base Rent may increase ratably as required in order to fully recover such costs over the remaining Term. In addition, in the event that Tenant exercises the early termination right under the Existing Lathrop Lease and pays the Lathrop Termination Fee to the Lathrop Landlord when due and Substantial Completion has not occurred on or before January 31, 2018, Landlord shall indemnify, protect and hold Tenant free and harmless from any claims, liabilities and expenses (including reasonable attorneys’ fe...
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Related to Lathrop Lease

  • Ground Lease Reserved.

  • Lease Agreement On the terms stated in this Lease, Landlord leases the Premises to Tenant, and Tenant leases the Premises from Landlord, for the Term beginning on the Commencement Date and ending on the Termination Date unless extended or sooner terminated pursuant to this Lease.

  • Operating Lease The parties hereto intend that this Lease shall be deemed for all purposes to be an operating lease and not a capital lease.

  • TO LEASE This Rider No. 1 is made and entered into by and between LBA REALTY FUND III - COMPANY VII, LLC, a Delaware limited liability company (“Landlord”), and INPHI CORPORATION, a Delaware corporation (“Tenant”), as of the day and year of the Lease between Landlord and Tenant to which this Rider is attached. Landlord and Tenant hereby agree that, notwithstanding anything contained in the Lease to the contrary, the provisions set forth below shall be deemed to be part of the Lease and shall supersede any inconsistent provisions of the Lease. All references in the Lease and in this Rider to the “Lease” shall be construed to mean the Lease (and all Exhibits and Riders attached thereto), as amended and supplemented by this Rider. All capitalized terms not defined in this Rider shall have the same meaning as set forth in the Lease.

  • Agreement to Lease Lessor hereby agrees to lease the Aircraft to Lessee, and Lessee hereby agrees to lease the Aircraft from Lessor, on the terms and subject to the conditions set forth in this Lease.

  • True Lease Landlord and Tenant intend for this Lease to be a true lease and not a transaction creating a financing arrangement. Each party shall take all reasonable steps to reflect the transaction represented hereby in all applicable books, records and reports (including, without limitation, income tax filings) in a manner consistent with "true lease" treatment rather than "financing" treatment.

  • New Lease The Ground Lease requires the ground lessor to enter into a new lease with Lender upon termination of the Ground Lease for any reason, including rejection of the Ground Lease in a bankruptcy proceeding.

  • DEMISE OF LEASED PREMISES Landlord hereby leases to Tenant and Tenant hereby leases from Landlord for Tenant's own use in the conduct of Tenant's business and not for purposes of speculating in real estate, for the Lease Term and upon the terms and subject to the conditions of this Lease, that certain interior space described in Article 1 as the Leased Premises, reserving and excepting to Landlord the right to fifty percent (50%) of all assignment consideration and excess rentals as provided in Article 7 below. Tenant's lease of the Leased Premises, together with the appurtenant right to use the Outside Areas as described in Paragraph 2.2 below, shall be conditioned upon and be subject to the continuing compliance by Tenant with (i) all the terms and conditions of this Lease, (ii) all Laws governing the use of the Leased Premises and the Property, (iii) all Private Restrictions, easements and other matters now of public record respecting the use of the Leased Premises and Property, and (iv) all reasonable rules and regulations from time to time established by Landlord. Notwithstanding any provision of this Lease to the contrary, Landlord hereby reserves to itself and its designees all rights of access, use and occupancy of the Building roof, and Tenant shall have no right of access, use or occupancy of the Building roof except (if at all) to the extent required in order to enable Tenant to perform Tenant's maintenance and repair obligations pursuant to this Lease.

  • Master Lease A. All the obligations contained in the Master Lease conferred and imposed upon Sublessor (as Tenant therein) shall be borne by Sublessor and Sublessee in accordance with the Sublessor's Percentage and the Sublessee's Percentage, respectively, except as modified and amended by this Sublease, and all rights and privileges contained in the Master Lease conferred upon Sublessor (as Tenant therein), are hereby conferred and imposed upon Sublessee, to the extent of Sublessee's Percentage. Sublessor covenants and agrees it will make payment of the rentals reserved under the Master Lease as and when due, will perform Sublessor's insurance obligations under the Master Lease, and will otherwise fully and faithfully perform the terms and conditions of the Master Lease with respect to the Sublessor's Percentage. Sublessee covenants and agrees to otherwise fully and faithfully perform the terms and conditions of the Master Lease and the Sublease on its part to be performed. Neither the Sublessor nor Sublessee shall do or cause to be done any act which would or might cause the Master Lease, or the rights of Sublessor as tenant under the Master Lease to be endangered, cancelled, terminated, forfeited or surrendered, or which would or might cause Sublessor to be in default thereunder or liable for any damage, claim or penalty. Sublessee agrees, as an express inducement for Sublessor executing this Sublease, that if there is any conflict between the provisions of the Master Lease and this Sublease which would permit Sublessee to do or cause to be done any act which is prohibited by the Master Lease then the provisions of the Master Lease shall prevail.

  • Existing Lease Except to the extent specifically amended hereby, all terms and conditions of the Lease remain in full force and effect. [SIGNATURE PAGE TO FIRST AMENDMENT TO LEASE]

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