Lease of Premises and Lease Term Sample Clauses

Lease of Premises and Lease Term. 3 1.1 Premises....................................................................3 1.2 Term, Delivery and Commencement.............................................3
Sample 1
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Lease of Premises and Lease Term. 4 1.1 Premises 4 1.2 Term of Lease 4 1.2.1 Acknowledgment of Commencement Date 4 1.2.2 Early Occupancy 4 1.3 Delivery of Premises 5 1.3.1 Acknowledgment of Delivery Date 5
Sample 1
Lease of Premises and Lease Term. 1.1 Premises Landlord, for and in consideration of the rents, covenants and agreements hereinafter set forth, hereby leases to Tenant and Tenant hereby leases from Landlord, upon and subject to the terms, covenants and conditions hereinafter set forth, certain space improved with the “Tenant Improvements” (as defined in Exhibit “D”), situated within the office building commonly known as Building #3, (the “Building”), located at 0000 Xxxxx Xxxxx Xxxxxx (the “Land”) and shown and designated on the floor plan attached hereto as Exhibit “A” (the “Floor Plan”) and incorporated herein (the “Premises”). The Land and Building on the campus are sometimes referred to herein collectively as the “Property.” The Premises shall contain approximately 43,732 square feet.
Sample 1
Lease of Premises and Lease Term. 4 1.1 Premises 4 1.2 Term, Delivery and Commencement 4 1.2.1 Commencement and Expiration of Term 4 1.2.2 Tender of Possession 4 1.2.3 Commencement Date Memorandum 5 1.2.4 Intentionally Deleted 5 1.2.5 Extension of Term 5 1.3 Effect of Occupancy 6 ARTICLE 2 RENTAL AND OTHER PAYMENTS 6 2.1 Basic Rent 6 2.2 Additional Rent 6 2.3 Delinquent Rental Payments 7 2.4 Independent Obligations 7 ARTICLE 3 PROPERTY TAXES AND OPERATING EXPENSES 7 3.1 Payment of Expenses 7 3.2 Estimation of Tenant’s Share of Expenses 7 3.3 Payment of Estimated Tenant’s Share of Expenses 7 3.4 Re-Estimation of Expenses 7 3.5 Confirmation of Tenant’s Share of Expenses 8 3.6 Tenant’s Inspection and Audit Rights 8 3.7 Intentionally Deleted 9 3.8 Personal Property Taxes 9 3.9 Landlord’s Right to Contest Property Taxes 9 3.10 Adjustment for Variable Operating Expenses 9 3.11 Fixed Expense Payment 9 ARTICLE 4 USE 10 4.1 Permitted Use 10 4.2 Acceptance of Premises 10 4.3 Increased Insurance 10 4.4 Laws/Building Rules 11 4.5 Common Area 11 4.6 Signs 11 ARTICLE 5 HAZARDOUS MATERIALS 12 5.1 Compliance with Hazardous Materials Laws 12 5.2 Notice of Actions 12 5.3 Disclosure and Warning Obligations 13 5.4 Indemnification 13 ARTICLE 6 SERVICES 13 6.1 Landlord’s Obligations 13 6.1.1 Janitorial Service 13 6.1.2 Electrical Energy 14 6.1.3 Heating, Ventilation and Air Conditioning 14 6.1.4 Water 15 6.1.5 Elevator Service 15 6.2 Tenant’s Obligations 15 6.3 Other Provisions Relating to Services 15 6.3.1 Failure of Electrical Power Prior to the Change in Terms Date 15 6.3.2 Failure of Electrical Power On and After the Change in Terms Date 16 6.4 Tenant Devices 16 6.5 Sub-Metering 16 ARTICLE 7 MAINTENANCE AND REPAIR 17 7.1 Landlord’s Obligations 17 7.2 Tenant’s Obligations 17 7.2.1 Maintenance of Premises 17 7.2.2 Alterations Required by Laws 18 7.3 Tenant’s Right to Self-Help 18 7.3.1 Prior to Change in Terms Date 18 7.3.2 On and After Change in Terms Date 19 ARTICLE 8 CHANGES AND ALTERATIONS 20 8.1 Landlord Approval 20 8.2 Tenant’s Responsibility for Cost and Insurance 20 8.3 Construction Obligations and Ownership 21 8.4 Liens 21 8.5 Indemnification 21 ARTICLE 9 RIGHTS RESERVED BY LANDLORD 21 9.1 Landlord’s Entry 21 9.2 Control of Property 22 9.3 Lock Box Agent/Rent Collection Agent 22 9.4 Intentionally Deleted 23 ARTICLE 10 INSURANCE 23 10.1 Tenant’s Insurance Obligations 23 10.1.1 Liability Insurance 23 10.1.2 Property Insurance 23 10.1.3 Other Insurance 23 10.1.4 Miscellaneous Insurance Provisions 24 10....
Sample 1
Lease of Premises and Lease Term 
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Related to Lease of Premises and Lease Term

  • Lease of Premises Landlord hereby demises and leases to Tenant for the Term of this Lease and upon the terms and conditions hereinafter set forth, and Tenant hereby accepts from Landlord, the Premises.

  • Sale of Premises by Landlord In the event of any sale of the Building, Landlord shall be and is hereby entirely freed and relieved of all liability under any and all of its covenants and obligations contained in or derived from this Lease arising out of any act, occurrence or omission occurring after the consummation of such sale; and the purchaser, at such sale or any subsequent sale of the Premises shall be deemed, without any further agreement between the parties or their successors in interest or between the parties and any such purchaser, to have assumed and agreed to carry out any and all of the covenants and obligations of the Landlord under this Lease.

  • Demise of Premises Landlord hereby demises and lets to Tenant and Tenant hereby takes and leases from Landlord, for the term and upon the provisions hereinafter specified, the Leased Premises.

  • Expansion of Premises Provided that the demising wall is erected in the location specified on Exhibit A attached hereto, for purposes of calculating Fixed Monthly Rent and Tenant’s Share the parties hereby stipulate that the Expansion Premises contains approximately 9,271 square feet of Rentable Area and approximately 7,836 square feet of Usable Area. As of the Expansion Date, the definition of the Premises shall be revised to include both the Existing Premises and the Expansion Space, and wherever in the Lease the word “Premises” is found, it shall thereafter refer to both the Existing Premises and the Expansion Space together, as if the same had been originally included in said Lease, subject to the terms and conditions of this First Amendment. Landlord and Tenant agree that a recalculation of the Usable Area of the Expansion Space shall be made after the Expansion Date by Xxxxxxxxx Systems, Inc., an independent planning firm, using the 2010 ANSI/BOMA Standard set forth collectively by the American National Standards Institute and the Building Owners and Managers Association (“ANSI/BOMA Standard”), as a guideline, and that Landlord is utilizing a deemed add-on factor of 18.31% to compute the Rentable Area of the Expansion Space. Tenant and Landlord agree to document the revised Usable Area as documented by Xxxxxxxxx Systems, and the other matters specified below that will be determined upon such Usable Area being confirmed, in the Memorandum (as defined in Section 4 below). Landlord and Tenant further agree that the Rentable Area of the Expansion Space shall be calculated on the basis of 1.1831 times the estimated Usable Area, regardless of what actual common areas of the Building may be, or whether they may be more or less than 18.31% of the total estimated Usable Area of the Building, and is provided solely to give a general basis for comparison and pricing of this space in relation to other spaces in the market area. Landlord and Tenant further agree that once the Rentable Area and Usable Area of the Expansion Space have been determined as specified hereinabove, even if later either party alleges that the actual Rentable Area or Usable Area of the Expansion Space is more or less than the figures stated herein; and whether or not such figures are inaccurate, for all purposes of the Lease, the Rentable and Usable figures agreed upon shall be conclusively deemed to be the Rentable Area, or Usable Area of the Expansion Space, as the case may be. Notwithstanding any adjustment in the Usable Area and/or Rentable Area as determined pursuant to this Section 4, and provided the demising wall is erected in the location indicated on Exhibit A attached hereto and the Expansion Space plan as depicted on Exhibit A is not modified after this First Amendment is executed, there shall be no change in the Fixed Monthly Rent due for the Expansion Space as set forth in Section 5.2, below or in Tenant’s Share as set forth in Section 6, below. As of the Expansion Date, the total Usable Area of the Premises shall be 27,983 square feet and the total Rentable Area of the Premises shall be 31,338 square feet, subject to confirmation of the Usable Area and Rentable Area as provided above. [***] = CONFIDENTIAL INFORMATION HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION. CONFIDENTIAL TREATMENT HAS BEEN REQUESTED WITH RESPECT TO THIS OMITTED INFORMATION. If the demising wall is erected in a location different from that as indicated on Exhibit A attached hereto, or if the Expansion Space plan as depicted on Exhibit A is otherwise modified after this First Amendment is executed, and if as a result the Rentable Area of the Expansion Space is increased or decreased pursuant to this Section 4 then (a) the Fixed Monthly Rent commencing on the first calendar day of the thirteenth (13th) calendar month after the Expansion Date shall be recalculated based on $2.13 per square foot of Rentable Area of the Expansion Space, per month; (b) thereafter, the Fixed Monthly Rent shall be adjusted to result in an increase of three percent (3%) per annum, cumulative over the Expansion Term; (c) as of the Expansion Date, Security Deposit for the Expansion Space shall be adjusted to an amount equal to one month’s Fixed Monthly Rent for the Expansion Space due during the last year of the Term; (d) as of the Expansion Date, if the Usable Area of the Expansion Space is increased or decreased pursuant to this Section 4, then “Tenant’s Share” as set forth herein for the Expansion Space shall be increased or decreased equally, by dividing the newly calculated Usable Area of the Expansion Space by the Usable Area of the Building; (e) the Allowance shall equal $32.50 per square foot of Rentable Area within Expansion Space; and (f) all other amounts based on the Usable Area of the Expansion Space or Rentable Area of the Expansion Space shall be adjusted appropriately. Landlord and Tenant shall promptly execute a memorandum (the “Memorandum”) confirming the finalized Delivery Date, Expansion Date, the Fixed Monthly Rent escalation dates as described in Section 5.b. below, and the other matters specified above as soon as they are determined. Tenant shall execute the Memorandum and return it to Landlord within fifteen (15) business days after receipt thereof. Failure of Tenant to timely execute and deliver the Memorandum shall constitute an acknowledgement by Tenant that the statements included in such Memorandum are true and correct.

  • SALE OF PREMISES Notwithstanding anything contained in this Lease to the contrary, the sale of the Premises by Landlord shall not constitute Landlord’s acceptance of Tenant’s abandonment of the Premises or rejection of the Lease or in any way impair Landlord’s rights upon Tenant’s default, including, without limitation, Landlord’s right to damages.

  • 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 and Restrictions governing the use or occupancy of the Leased Premises and the Property, (iii) all 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.

  • Use of Premises The Premises shall be used and occupied by Tenant and Tenant's immediate family, consisting of , exclusively, as a private single family dwelling, and no part of the Premises shall be used at any time during the term of this Agreement by Tenant for the purpose of carrying on any business, profession, or trade of any kind, or for any purpose other than as a private single family dwelling. Tenant shall not allow any other person, other than Tenant's immediate family or transient relatives and friends who are guests of Tenant, to use or occupy the Premises without first obtaining Landlord's written consent to such use. Tenant shall comply with any and all laws, ordinances, rules and orders of any and all governmental or quasi-governmental authorities affecting the cleanliness, use, occupancy and preservation of the Premises.

  • Restoration of Premises On a taking of the Premises which does not result in a termination of this Lease (other than as to the part of the Premises so taken), Landlord and Tenant shall restore the Premises to substantially the condition existing immediately before such taking, to the extent commercially reasonable and as permitted by and subject to then applicable Requirements. Landlord and Tenant shall perform such restoration in accordance with the applicable provisions and allocation of responsibility for repair and restoration of the Premises on damage or destruction pursuant to Article 12 above, and both parties shall use any awards received by such party attributable to the Premises for such purpose.

  • Sublease Term The term of the Sublease (“Sublease Term”) commences on the later to occur of (1) Sublandlord’s receipt of Prime Landlord’s written consent to this Sublease, and (2) October 1, 2009 (“Sublease Commencement Date”); and expires on January 28, 2018 (“Sublease Expiration Date”; i.e., the day prior to the Termination Date pursuant to the Prime Lease). Sublandlord shall deliver the Subleased Premises “broom clean” and free of all of Sublandlord’s personal property (other than the F&F (defined in Section 2(f))) and debris, but otherwise in “AS IS, WHERE IS” condition on the Sublease Commencement Date; provided that Subtenant shall not be responsible for, or required to remedy, any violation of any applicable law, or any condition or state of facts, with respect to the Subleased Premises, the Building or the Land existing on or prior to the Sublease Commencement Date. Sublandlord is not required to perform any work to prepare the Subleased Premises for Subtenant’s intended use. If (i) for any reason Sublandlord has not received Prime Landlord’s written consent to this Sublease in form required by Section 15(i) below by the date which is sixty (60) days from the date hereof, or (ii) Prime Landlord elects to terminate the Prime Lease in respect of the Subleased Premises pursuant to Prime Landlord’s recapture right set forth in Section 16.5 of the Prime Lease, then in the case of (i), then Sublandlord and Subtenant each may elect at any time thereafter to terminate this Sublease by written notice to the other, whereupon the parties shall deem this Sublease to be null and void and of no effect (except for those provisions expressly stated herein to survive a termination), and in the case of (ii) the Sublease will be deemed terminated in accordance with Section 16.5 of the Prime Lease.

  • Subleased Premises Sublandlord hereby subleases to Subtenant and Subtenant hereby subleases from Sublandlord for the term, at the rental, and upon all of the conditions set forth herein, the Subleased Premises.

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