Premises Permitted Use Clause Samples

Premises Permitted Use. Landlord, subject to the following terms and conditions, hereby leases to Tenant the lots in ASU Research Park, in Tempe, Arizona, legally described in Exhibit A (the "Land"), together with a building and related improvements (the "Building") containing 132,070 square feet to be constructed by Landlord as more particularly shown on the Plans. The Land and the Building are referred to as the "Premises," which will have a street address of ▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇, ▇▇▇▇▇▇▇. Tenant may use the Premises as the corporate, regional or national headquarters of a division, subsidiary or affiliate of Avnet, Inc., and for any other permitted uses under the Restrictions and for no other purpose, subject to the terms and conditions of this Lease.

Premises Permitted Use. Landlord, subject to the following terms and conditions, hereby leases to Tenant the premises (the "Premises") at ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇, Suite 106, Phoenix, Arizona, designated on the floor plan attached as EXHIBIT A, comprising 40,398 square feet of area in the building located at such address (the "Building"). Landlord has provided Tenant with the basis of the calculation of square footages of the Premises and of the Building, which are, respectively, 40,398 sq. ft. and 120,778 sq. ft., and which Landlord and Tenant hereby approve for all purposes of this Lease. The Building, the underlying land described on EXHIBIT B (the "Land") and all improvements thereon are referred to as the "Property". The Premises shall be used by Tenant for general office purposes, and for no other purpose. Tenant shall conduct and permit no activities on the Property which create the risk of release of a Hazardous Material on, in, under or about the Property or into the environment or violation of the Hazardous Material Laws, or otherwise expose Landlord, Tenant, or the Property to action by any governmental authority or third parties under the Hazardous Materials Laws, or otherwise. Tenant shall have the exclusive right of possession of the Premises and the non-exclusive and reasonable use of the driveways, parking lot and other common areas on the Property throughout the Lease Term, 24 hours each day, subject to casualty, condemnation, force majeure or other events beyond the control of Landlord.

Premises Permitted Use