Common use of Property Term Clause in Contracts

Property Term. 1.1 PREMISES On or prior to the date hereof, T▇▇▇▇▇ has transferred all of its right, title and interest in the Property to Landlord, which Property includes approximately 5 acres of real property. Landlord hereby leases to Tenant and Tenant hereby leases from Landlord the Property, being that certain property identified as Lot 6, S▇▇▇▇▇▇ Subdivision, Ordway, Colorado 81063, for all purposes of this Lease and irrespective of any variation thereof which might ever be determined by measurement (together, the land and Buildings shall be referred to as the “Premises”). The Premises is situated on the real property described by address in Exhibit A attached hereto and also depicted along with the approximate location of the Premises on that certain site plan (the “Site Plan”) attached hereto as Exhibit A-1. The Buildings and the location of the Premises and the Greenhouse are as shown on the Site Plan attached hereto as Exhibit A-1.

Property Term. 1.1 PREMISES On or prior to the date hereof, T▇▇▇▇▇ has transferred all of its right, title and interest in the Property to Landlord, which Property includes approximately 5 acres of real property. Landlord hereby leases to Tenant and Tenant hereby leases from Landlord the Property, being that certain property identified as Lot 618, STamarack Subdivision, 1▇▇▇▇ ▇▇▇▇▇▇▇▇ Subdivision▇▇▇▇▇▇, Ordway▇▇▇▇▇▇, Colorado ▇▇▇▇▇▇▇▇ 81063, which shall be deemed and stipulated to contain 2.11 acres and approximately 13,000 rentable square feet of greenhouse and other related space (the “Building”) for all purposes of this Lease and irrespective of any variation thereof which might ever be determined by measurement (together, the land and Buildings Building shall be referred to as the “Premises”). The Premises is situated on the real property described by address in Exhibit A attached hereto (“Property”) and also depicted along with the approximate location of the Premises on that certain site plan (the “Site Plan”) attached hereto as Exhibit A-1. The Buildings Building and the location of the Premises and the Greenhouse are as shown on the Site Plan attached hereto as Exhibit A-1.