Pursuant to the Lease. Landlord has leased the Hotels (except for certain assets of Tenant or Manager included within the definition of Hotels) which are subject to this Agreement, to Tenant.
Pursuant to the Lease. Landlord and Tenant agreed to, and do hereby confirm, the following matters as of the commencement of the Term:
Pursuant to the Lease. Tenant shall pay to Landlord its prorated share of fire monitoring installation and reoccurring fees if the fire monitoring system is shared with other users.
Pursuant to the Lease. Landlord has demised and leased to Tenant, and Tenant has hired and taken from Landlord, the Leased Premises.
Pursuant to the Lease. Borrower is to construct a J.X. Pxxxxx store including, but not limited to, the shell and core thereof and all building, mechanical, electrical and other operating systems (herein referred to as the "IMPROVEMENTS") as described and identified in the Lease and in the "Plans and Specifications" (as such term is hereinafter defined) on real property (the "LAND") owned by Borrower and leased to Lender pursuant to the Lease and located in the City of Bristol, Commonwealth of Virginia, as described in EXHIBIT A (collectively, the "PROJECT"). Lender has agreed to make a construction loan to Borrower for certain hard costs in excess of $1,000,000 for preparing the site and constructing the Improvements, which construction loan shall not exceed the maximum principal amount of Five Million One Hundred Sixty-Five Thousand Two Hundred Dollars ($5,165,200.00) (the "MAXIMUM LOAN Amount"), subject to adjustment as provided herein (the "LOAN"), which Loan shall be subject to and in accordance with the terms and provisions hereof.
Pursuant to the Lease. Paragraph 1.3 entitled Expansion Space, Tenant does hereby exercise its Expansion Option on 4,042 rentable square feet of space located on the third floor, west wing, (referred to herein as "Suite 310") as more particularly detailed on the attached Exhibit A-2, which Exhibit A-2, by this reference, is hereby incorporated into the Lease. In accordance with Paragraph 1.3(2) the Commencement Date shall be 45 days from the date that the space is delivered to the Tenant in a condition as described in the Work Letter. In addition, the 45 day period shall not commence until Landlord has completed the installation of the main HVAC trunk duct loop within Suite 310. The Base Monthly Rent on Suite 310 shall commence one month from the Commencement Date, at the Base Monthly Rental rate specified in Section 1.10 of the Lease. The term for Suite 310 shall be coterminous with the term of the Lease.
Pursuant to the Lease. Paragraph 1.3 entitled Expansion Space, Tenant does hereby exercise its Expansion Option on 6,780 rentable square feet of space located on the third floor, west wing, (referred to herein as "Suite 304") as more particularly detailed on the attached Exhibit A-2. Landlord anticipates that it will deliver Suite 304, in a condition as described in the Work Letter and with the main HVAC trunk duct loop installed within Suite 304, prior to March 15, 1994. Landlord and Tenant hereby agree that at any time prior to March 15, 1994, with regard to Suite 304 only, Landlord may give Tenant ten (10) business days notice that Landlord has completed its improvements in accordance with the Work Letter (including the installation of the main HVAC trunk duct loop). At the expiration of Landlord's ten (10) day notice period, Tenant shall have forty-five (45) days as a tenant improvement period. If the Landlord delivers Suite 304 at the same time as Suite 310, resulting in a total of 10,822 rentable square feet being delivered at one time, then the forty-five (45) day Tenant Improvement period referred to above, shall be extended to sixty (60) days. The Base Monthly Rent for Suite 304 shall commence one month from the Commencement Date, at the Base Monthly Rental rate specified in Paragraph 1.10 of the Lease. The term for Suite 304 shall be coterminous with the term of the Lease.
Pursuant to the Lease. Tenant has provided to Landlord a security deposit in the amount of US $39,964.95, and this security deposit shall continue to be held by Landlord pursuant to Article 4 of the Original Lease during the Extended Term.
Pursuant to the Lease. Landlord has leased the Leased Premises to Tenant.
Pursuant to the Lease. Landlord is obligated to provide to the Subleased Premises on behalf of Sublandlord interior climate control, janitorial and cleaning, access control, elevator, and utility services. Sublandlord shall cooperate with Subtenant and shall use such reasonable efforts, at Subtenant’s sole cost and expense, to cause Landlord to provide such services and perform such obligations for the benefit of Subtenant. Sublandlord shall not be obligated to perform and shall not be liable for the performance by Landlord of any of the obligations assumed and undertaken by Landlord under the Lease, and Subtenant shall have no claim against Sublandlord by reason of any default upon the part of Landlord or any failure on the part of Landlord to provide any service or perform any other obligation that Landlord is obligated to provide or perform under the Lease. Notwithstanding the foregoing, Sublandlord shall use commercially reasonable efforts to enforce its rights to receive services from Landlord in accordance with the terms of the Lease.
