OCCUPATION AFTER COMPLETION Sample Clauses

OCCUPATION AFTER COMPLETION. 15.1 Notwithstanding completion of the transfer of the Lease the Buyer expressly consents to the continued occupation of the Property by the Seller from the date of this contract subject to the remaining provisions of this clause 15. 15.2 Such occupation shall be as a licensee only and subject to the same terms, exceptions, reservations, covenants and conditions as are contained in the Lease so far as they are applicable and not inconsistent with this contract. 15.3 From the date of this contract the Seller shall until this licence to occupy is terminated: 15.3.1 pay to the Buyer on demand a licence fee equal to and payable in the same manner as the rents and other sums which would have been payable by the Seller under the Lease had it remained vested in the Seller; 15.3.2 pay or reimburse to the Buyer on demand all rates (including water rates) and all other outgoings in respect of or attributable to the Property which would have been payable by the Seller under the Lease had it remained vested in the Seller; and 15.3.3 perform and observe and be subject to the same covenants, conditions, liabilities, obligations and other provisions as the Seller would have been obliged to perform and observe under the terms of the Lease had it remained vested in the Seller. 15.4 Any sums paid by way of licence fee as aforesaid shall be reckoned in payment of any rents or other sums which would otherwise be due under the Lease in respect of the same period 15.5 Nothing contained in this contract, nor the remaining in occupation by the Seller, nor payment of the said licence fee shall create or be deemed to create any tenancy or demise or be deemed to give the Seller any interest greater than that of a bare licensee after the actual completion of the transfer of the Lease to the Buyer. 15.6 The Seller’s licence to occupy the Property shall automatically expire on the 28th day of February 2006 or (if earlier) upon not less than 10 working days notice served on the Buyer by or on behalf of the Seller at which time the Seller shall immediately vacate the Property. 15.7 The granting of the licence to the Seller shall not prevent the Buyer having access to the Property to show round prospective tenants or purchasers but the Buyer shall not itself be permitted to occupy the Property before the licence expires or is terminated pursuant to clause 15.6
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Related to OCCUPATION AFTER COMPLETION

  • Commencement and Completion The Work shall commence on _______________, 20__ and shall be complete in accordance with this Agreement without delay on ______________, 20__. The term “day”, used throughout this Agreement, refers to calendar days. Contractor shall not be entitled to any additional compensation for any Permitted Delays. If this Agreement is not signed and returned to the Owner before any work commences, this Agreement will be considered as accepted as presented to the Contractor.

  • COMMENCEMENT AND COMPLETION OF THE PROJECT Section 3.01 The Project 8 Section 3.02 Diligent Completion 8 Section 3.03 Filings and Reports 8

  • Final Completion The full and final completion of all Work in accordance with the Contract Documents.

  • Substantial Completion 9.8.1 When the Contractor considers that the Work, or a designated portion thereof which has been accepted in writing to by the State, is substantially complete as defined in Subparagraph

  • Occupancy After Foreclosure Any sale of the Mortgaged Property or any part thereof will divest all right, title and interest of Mortgagor in and to the property sold. Subject to applicable law, any purchaser at a foreclosure sale will receive immediate possession of the property purchased. If Mortgagor retains possession of such property or any part thereof subsequent to such sale, Mortgagor will be considered a tenant at sufferance of the purchaser, and will, if Mortgagor remains in possession after demand to remove, be subject to eviction and removal, forcible or otherwise, with or without process of law.