Lease/Permit Clause Samples
A Lease Permit clause establishes the requirement for the tenant to obtain and maintain any necessary permits or licenses related to the leased property. In practice, this means the tenant must secure approvals for their intended use, such as business operation permits or occupancy certificates, and ensure these remain valid throughout the lease term. This clause ensures that the tenant is legally authorized to use the premises as intended, thereby protecting the landlord from liability and ensuring compliance with local regulations.
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Lease/Permit. In exchange for the performance of the C&TSRRs’ obligations hereunder and for other good and valuable consideration, the City hereby grants to the C&TSRR the exclusive right to use (“Lease/Permit”) Locomotive No. 168 (Builder’s Number 6670), a City- owned narrow gauge railroad locomotive engine, its tender and parts (collectively the “Locomotive”) currently located in Antler’s Park for the purposes and subject to the terms and conditions provided in this Agreement.
Lease/Permit. Either (i) Aohua has obtained a Lease Permit or (ii) a newly formed Subsidiary of the Company has obtained a Lease Permit and Aohua has duly assigned or novated to such newly formed Subsidiary of the Company each and all of the lease agreements of Aohua existing as of the Closing Date.