Shared Premises Clause Examples
The Shared Premises clause defines the terms under which multiple parties may use or occupy the same physical space or property. Typically, this clause outlines the rights and responsibilities of each party regarding access, maintenance, and use of common areas, and may specify how costs for utilities or repairs are divided. Its core practical function is to prevent disputes by clearly allocating usage rights and obligations among parties sharing the premises, ensuring smooth and coordinated use of the shared space.
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Shared Premises. Sublessor and Sublessee agree that all other areas not specifically identified as Exclusive TEC Subleased Premises or Exclusive PDTI Premises shall be considered Shared Premises and contain approximately 4,720 square feet of Rentable Area. Sublessor and Sublessee agree that neither Sublessor nor Sublessee shall have exclusive use of the Shared Premises, and will share the Base Rent and any additional rent as described in the Lease agreement associated with the Shared Premises plus the cost of a receptionist, cost of stocking the break room, the common copy room and maintenance of any equipment therein, the cost of secretarial support for Xx. Xxxx Xxxxxxxx plus the parking space for Xx. Xxxxxxxx and his secretarial support with Sublessee paying the TEC Share of such costs (the "Shared costs"). Sublessor and Sublessee agree that they shall coordinate the booking of conference rooms.
Shared Premises. After February 28, 1997, Lessee will have equal access with Lessor or any Other Tenant (as defined in paragraph 9 below) to the portions of the Vacated Premises described as follows (the "Shared Premises"): those portions of the building at 4255 and 0000 Xxxxxxx Xxxx Xxxx XX designated as: C. large conference room D. kitchen E. common rest rooms F. shower room G. common hallways H. computer network patch panel and hub cabinet which are outlined in red and labeled on the floor plan attached as Exhibit B to this Addendum. Lessee will leave in place all of Lessee's furniture, equipment and appliances currently used in the Shared Premises and listed on Exhibit C to this Addendum. At the end of the term of the Lease, Lessee may remove from the Shared Premises the items listed on Exhibit C. In the event that Lessor or Lessee or their respective employees wish to use any portion of the Shared Premises in a manner and/or at a time which excludes the other or interferes with the other's ability freely to enjoy the use of the Shared Premises, then upon the request of Lessee or the agent or employee of Lessee designated to arrange such use and named in writing to Lessor (the "Lessee's Representative"), Xxx Xxxxxxx or any other agent or employee of Lessor named in writing to Lessee for this purpose (the "Lessor's Representative"), will promptly determine the use of the Shared Premises.
Shared Premises. For those Business Real Properties that Seller will continue to occupy during Purchaser’s lease or sublease of a portion thereof, each Party shall use commercially reasonable efforts to ensure that the business operations of such Party and its Subsidiaries therein will not interfere or limit in any material respect the operation of the other Party and its Subsidiaries in and from such location in compliance with the terms of the Transition Services Agreement and the applicable related statement of work.
Shared Premises. As soon as practicable after the Closing Date but at the latest within nine (9) months of such date, BUYER shall have relocated all the RPS Business presently operated out of the SCHLUMBERGER Montrouge site. The Parties will review, and agree upon, on a case by case basis, other lease or sublease arrangements relating to shared premises to ensure a practical transitional period.
Shared Premises. (1) The following shared facilities and services are provided at the park: □ Mail facilities □ Clubroom / community hall □ Swimming pool □ Gymnasium □ BBQ facilities □ Workshop □ Other (please list) □ Bowling green □ Tennis court □ Library □ Storage area for boats / caravans □ Vegetable garden □ On-site caretaker
(2) Restrictions on use of shared premises (including the shared facilities and services provided at the park):
(3) Are any facilities or services available only on a user-pays basis and not covered by the rent? □ Yes □ No (If yes, list facilities or services and current cost.)
(4) May the park operator make changes to the residential park resulting in a reduction of the shared premises if at least 75% of the tenants at the park support the changes? □ Yes □ No
Shared Premises. From the Commencement Date, each Party shall, and shall procure that its Affiliates shall, comply with its obligations under Exhibit 3 (Shared Premises) in relation to the use of any shared premises.
Shared Premises. Facility Rent for the Shared Premises shall be split evenly between the Concessionaires occupying the Shared Premises.
Shared Premises. (Public Library Use Periods)
Shared Premises. TDWCI may have an office in a location that is shared with The Toronto-Dominion Bank or its subsidiaries, including Confidentiality of Client Information: Confidentiality of client information is a fundamental principle of our firm. TDWCI may release confidential client information only in accordance with the TD Privacy Policy. If you hold securities in your account that are issued by an entity resident within the European Union, we may be required to share contact information and information related to your holdings with the European issuer of those securities when requested to do so. Misuse of Confidential and Insider Information: Our officers and employees are prohibited from misusing confidential information or any insider information that has not been generally disclosed, for personal gain or for the benefit of anyone else. If one of our employees breaches this prohibition, it will be grounds for immediate dismissal.
Shared Premises. 4.1 (a). Until May 31, 2003, Mattson will only be entitled to use the second floor of txx Xxxxises (approximately 29,232 square feet) and the front lobby area of the first floor of the Premises (approximately 3,662 square feet) for a total of 32,894 square feet (collectively, referred to herein as "Mattson's Premises"), as more particularly depicted on the xxxxx xxan attached hereto as Exhibit "C". Until May 31, 2003, Lam will continue to occupy the remainder of the Premises (xxproximately 67,834 square feet) (referred to herein as "Lam's Premises"), as more particularly depicted on the floor plan attached hereto as Exhibit "D". During the time of shared occupancy by Mattson and Lam, the parties hereby agree that Mattson's Rent xxxigatixxx shall be prorated as set forth xx Xxxxxxn 6.2 below. Prior to the Sublease Commencement Date, Lam shall, at its sole cost and expense, install a demisinx xall on the first floor separating Mattson's Premises from Lam's Premises.