Lease Sample Clauses
A Lease clause establishes the terms under which one party (the landlord) grants another party (the tenant) the right to use and occupy a property for a specified period in exchange for rent. This clause typically outlines key details such as the duration of the lease, the amount and frequency of rent payments, permitted uses of the property, and any restrictions or obligations of the tenant. By clearly defining these terms, the Lease clause ensures both parties understand their rights and responsibilities, thereby reducing the risk of disputes and providing a legal framework for the tenancy.
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Lease. This instrument and all exhibits and riders attached hereto, as may be amended from time to time.
Lease. 1.1 Subject to the terms and conditions herein the Landlord agrees to lease to the Tenant and the Tenant agrees to lease from the Landlord (the “Premises”):
1. for exclusive use, sufficient, adequate and suitable space at the Amherst Station at ▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇, ▇▇ and being PID 25503160 (the “Station Property”) for the Tenant’s technology and operational requirements as shown on and described in Schedule “A”. In any event, the location and square footage of the space provided by the Landlord for the Premises shall be sufficient for the Tenant’s requirements as identified in Schedule A attached, provided that the Landlord may relocate the Premises in the future upon sixty (60) days’ prior written notice and upon paying the costs of relocating all of the Tenant’s equipment into the relocated premises with similar leasehold improvements as existed before the relocation, subject to the Tenant’s prior written approval which approval may not be unreasonably withheld.
2. for use in common with others, of the common areas of the Station Property, waiting room, public washrooms (including handicap accessible washrooms) along with the Station Property lands i.e. the lands within the boundaries of PID 25503160 and outside the Station Property.
1.2 The parties agree that the Premises shall be in the Location marked as VIA Designated Waiting Area and approximately 50 square feet of a room for VIA technology as shown in Schedule “A”.
1.3 The Premises shall be used by the Tenant only for the operation of rail passenger services and related activities in the Station Property similar to the use currently operated by the Tenant in the Station Property.
1.4 For greater certainty, the Landlord acknowledges that the Station Property is located within an active railway station and that railway operations will result in the emission of noise, dust, vibrations, odours and other emissions (collectively, “Emissions”) which may affect the use and enjoyment of the Station Property. The Landlord acknowledges that such Emissions, at any time of day or night, are necessarily incidental to the Tenant’s railway operations. The Landlord has no objection to such Emissions and shall make no complaint to any governmental or judicial authority with respect to such Emissions. The Tenant shall not be responsible to the Landlord for any damage to property or persons located on the Station Property as a result of its railway operations. In addition to its other obligations under this Le...
Lease. This Lease.
Lease. Tenant entered into a: (Check one)
Lease a. The owner has given the PHA a copy of the lease, including any revisions agreed by the owner and the tenant. The owner certifies that the terms of the lease are in accordance with all provisions of the HAP contract and that the lease includes the tenancy addendum.
b. The tenant shall have the right to enforce the tenancy addendum against the owner. If there is any conflict between the tenancy addendum and any other provisions of the lease, the language of the tenancy addendum shall control.
Lease. The Lease Agreement (Federal Express Corporation Trust No. N585FE) dated as of June 15, 1998, as amended and restated as of September 1, 1998, entered into by the Lessor and the Lessee concurrently with the execution and delivery of the Indenture, including, without limitation, supplementation by one or more Lease Supplements entered into pursuant to the applicable provisions of the Lease. Lease Commencement Date. The effective date of the Lease Supplement.
Lease. (a) Lessor and Lessee intend that this MOLA constitute an operating lease and a true lease as those terms are defined in the Statement of Financial Accounting Standards No. 13 and as provided for under the Uniform Commercial Code – Leases, Tex. Bus. & Comm. Code Article 2A. Under no circumstances shall this MOLA or any Schedules entered into under it be construed as a "finance lease" as defined in Tex. Bus. & Comm. Code § 2A.103 (7). In addition, Lessor acknowledges that Lessee is not a "merchant lessee" for purposes of Tex. Bus. & Comm. Code § 2A.511.
(b) Lessor hereby leases to Lessee, and Lessee hereby leases from Lessor, the Assets described on each Schedule. Each such Schedule constitutes a separate agreement between Lessor and Lessee. In addition, each Schedule is subject to the terms and conditions of this MOLA as if a separate MOLA were executed for such Schedule by the parties.
(c) In the event of Lessee's rightful rejection of the Assets as specified in Section 10 (“Inspection and Acceptance”) of this MOLA, Lessee shall have the right, at its sole option, to cancel this Lease as to the rejected Assets or as to all of the Assets to be leased under the Schedule applicable to such Assets. Upon cancellation, Lessee shall have no obligations under this MOLA with respect to the portion of this Lease so cancelled.
(d) Each Lessee has made an independent legal and management determination to enter into each Schedule. DIR has not offered or provided any legal or management advice to Lessor or to any Lessee under any Schedule. Lessee may negotiate additional terms or more advantageous terms with Lessor to satisfy individual procurements in which case such terms shall be set forth in a Rider to the MOLA or the Schedule. To the extent that any of the provisions of the MOLA conflict with any of the terms contained in any Schedule, the terms of this MOLA shall control.
(e) If more than one Lessee is named in a Schedule, the liability of each named Lessee shall be joint and several. However, unless DIR leases Assets for its own use, DIR is not a party to any Schedule executed under this MOLA and is not responsible for Rent Payments or any other obligations under such Lessee’s Schedule. The invalidation, fulfillment, waiver, termination, or other disposition of any rights or obligations of either a Lessee or Lessor (or both of them) arising from the use of this MOLA in conjunction with any one Schedule shall not affect the status of the rights or obligations of ...
Lease. By this Lease Landlord leases to Tenant and Tenant leases from Landlord the Premises in the Building as set forth and described on the Reference Pages. The Premises are depicted on the floor plan attached hereto as Exhibit A, and the Building is depicted on the site plan attached hereto as Exhibit A-1. The Reference Pages, including all terms defined thereon, are incorporated as part of this Lease.
Lease. The Lease Agreement (Federal Express Corporation Trust No. N673FE) dated as of May 1, 1997, entered into by the Lessor and the Lessee concurrently with the execution and delivery of the Indenture, including, without limitation, supplementation by one or more Lease Supplements entered into pursuant to the applicable provisions of the Lease.
Lease. Landlord hereby leases to Tenant and Tenant hereby leases from Landlord the Leased Premises upon all of the terms, covenants and conditions set forth in this Lease.
