Leased Premises Term Clause Samples

Leased Premises Term. Subject to and upon the terms and conditions set forth herein, or in any exhibit or addendum hereto, this Lease for the Leased Premises shall be effective and commence upon the Effective Date. The Basic Rent and other Rental, as hereinafter defined and as it relates to the 4th Floor Space, shall commence and the Lease shall continue in force for a term of One Hundred Twenty (120) months from the earlier of: (i) the date the Tenant Leasehold Improvements are completed and Tenant commences to conduct its business from the Leased Premises, or (ii) the date that is one hundred twenty (120) days from the Approval Date, provided however, in no event more than one hundred fifty (150) days from the Effective Date. For purposes of this Lease, the term “Approval Date” shall mean the date Landlord has approved Tenant’s preliminary and final plans and specifications for the construction of the Tenant Leasehold Improvements pursuant to Section 2.02a. If the 4th Floor Space is not ready for occupancy within said one hundred twenty (120) days after the Approval Date due to Tenant’s change in the plans for construction for the 4th Floor Space or Tenant’s failure to approve, in a timely manner, any matter requiring Tenant’s approval, payment of Rental shall commence and Landlord shall not be liable or responsible for any claims, damages or liabilities in connection with, arising from, or by reason of such delay and the term of this Lease shall continue for the same term of months as set forth above. Landlord and Tenant will, at the request of either, execute a declaration specifying the commencement of payments of Rental and expiration dates of the term of this Lease.

Leased Premises Term. Landlord leases to Tenant, and Tenant hires from Landlord, on the terms and subject to the conditions contained herein, the building located at ▇▇▇▇▇ ▇▇▇▇ ▇▇-▇▇, Sturgis, Michigan, and the real estate to which it is affixed, as identified on Exhibit A which is attached hereto, together with all apparatus, equipment, fittings, hot water heaters, and fixtures whatsoever now owned or hereafter acquired by Landlord and used or procured for use in connection with the operation and maintenance of such building and real estate (all of which are collectively referred to herein as the “Premises”), for a term of Ninety-six (96) months beginning on _____________, 2004, and ending on _______________, 2012, unless sooner terminated as provided herein (the “Term”). This Lease shall be subject, however, to encumbrances, conditions, covenants, easements, restrictions and rights-of-way, whether or not of record, affecting the Premises, to such matters as might be disclosed by inspection or survey and to zoning ordinances and other laws, ordinances and regulations applicable to the Premises, all of such that are known by Landlord are set forth at Exhibit A hereto.

Leased Premises Term. Landlord leases to Tenant, and Tenant hires from Landlord, on the terms and subject to the conditions contained herein, the property commonly known as ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇, Michigan 48854, located in the Township of Vevay, County of ▇▇▇▇▇▇, and State of Michigan, legally described as follows: THE W 653.4 FT OF THE S 260 FT OF THE N 1/2 OF NE FRL1/4 OF SEC 6. ALSO ▇▇▇ ▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇ NO. 1 SUB EXC BEG @ THE NE COR LOT 16-S17D12’E ON LOT LN 273.03 FT TO SE COR SD LOT – S89D52’W ON S LOT LN 118.79 FT – N0D40’10”W ON C/L DITCH 248.44 FT TO N LOT LN – N72D48’E ON N LOT LN TO ▇▇▇ ▇▇▇, ▇▇▇ ▇▇▇, ▇▇▇. Tax Parcel No.: 33-10-10-06-204-018 Together with any and all buildings, apparatus, equipment, fittings, hot water heaters, and fixtures whatsoever thereon now owned or hereafter acquired by Landlord (all of which are collectively referred to herein as the “Premises”), for an initial term of five (5) years beginning two (2) days after written notice (the “Commencement Notice”) is received by Tenant, from Landlord, that Landlord has closed on the purchase of the Premises and Landlord grants possession of same to Tenant, (the “Commencement Date”), and ending five (5) years thereafter, unless extended or sooner terminated as provided herein (the “Term”). Notwithstanding the foregoing, Tenant may terminate this Lease upon written notice to Landlord, at any time prior to delivery of the Commencement Notice, if Landlord has not provided the Commencement Notice on or before October 31, 2017.

Leased Premises Term a. LEASED PREMISES (1) Landlord hereby leases to Tenant and Tenant hereby leases from Landlord the space (the "Premises"), on the First floor of the building located at ▇▇▇▇▇ ▇ ▇▇▇▇▇▇, ▇▇▇▇▇, ▇▇▇▇▇▇▇▇ (the "Building"), which Premises are more particularly shown outlined on Exhibit A, attached hereto and made a part hereof. (2) Landlord represents that the Premises contain 4616 usable square feet.

Leased Premises Term. The Authority leases, lets and demises unto the City and the City leases, hires and takes from the Authority, those certain parcels of real property situated in the City of Ontario, State of California, more particularly described in Exhibit A attached hereto and made a part hereof (collectively, the “Site”), and those certain improvements on the Site, more particularly described in Exhibit B attached hereto and made a part hereof (the “Facility”). The Lease Agreement is for a term commencing on February 28, 2021 and ending on February 29, 2024, or such earlier or later date on which the Lease Payments (as defined in the Lease Agreement) are paid in full or provision has been made for such payment in accordance with the Lease Agreement.

Leased Premises Term