Leased Premises and Project Clause Samples

Leased Premises and Project. For good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Landlord hereby leases and lets to Tenant and Tenant hereby rents from Landlord that certain real property located in Riverside County, California (“Leased Premises”), the preliminary legal description of which is contained on Exhibit “A” attached hereto and the map of which is contained on Exhibit “B” attached hereto, both of which shall be updated by the Parties at the time commencement of construction of the Project. The Parties have entered into that certain Solar Power Purchase Agreement dated as of the Effective Date (the “PPA”). Subject to the requirements herein and of the PPA, the Leased Premises may be used during the term of this Lease for the construction and operation of an approximately 1,564 kW DC solar photovoltaic generating facility for the production, storage, and transmission of electricity generated from solar energy, being the “Project” as defined and contemplated in the PPA. Capitalized terms used but not defined herein shall have the meanings set forth in the PPA.