Summary of Basic Lease Provisions Sample Clauses

Summary of Basic Lease Provisions. The following summary of basic lease provisions forms a part of this Lease. The summary however, is intended only to set out key information and summarize various provisions of the lease which may be more fully set out within the Lease. In the event of any conflict between the terms of this summary and the remainder of the Lease, the terms of the remainder of the Lease shall prevail over the terms of this summary. Tenant: PHARMASCIENCE INC. Tenant’s Address: 0000 Xxxxxxxxxx Xxxxxx, Xxxxx 000, Xxxxxxxx (Xxxxxx) X0X 0X0 Landlord: CIG III TECHNOPARC NOMINEE INC. Leased Premises: Suite 100 Property: 7210 Xxxxxxxxx Xxxxxxx, City of Montréal (Borough of Saint-Laurent), Province of Québec. Rentable Area: Approximately 9,394 square feet of Rentable Area. The Rentable Area of the Leased Premises shall be calculated by the Landlord’s Architect according to the 1996 BOMA standard of measurement for office buildings. Term of Lease: Seven (7) years and one (1) month. Commencement Date: July 1, 2014 Expiry Date: July 31, 2021. Option to Extend: One (1) option to extend the Term of the Lease for five (5) years. Basic Rent: (i) From July 1, 2014 to June 30, 2017 - $14.50 per square foot of the Rentable Area of the Leased Premises per annum; and
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Summary of Basic Lease Provisions. 1. LOCATION: 000 Xxxx Xxx Xxxx Xxxx.
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Summary of Basic Lease Provisions. 1.1 Landlord's Address: c/o 1295 State Street, Springfield, MA 01111
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Summary of Basic Lease Provisions. The following summarizes the basic terms of this Lease. If this summary conflicts with the provisions of the Lease, the provisions of the Lease shall control.
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Summary of Basic Lease Provisions. When used herein, the following terms shall have the indicated meanings:
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Summary of Basic Lease Provisions. Section 1.2, Basic Data, namely Security Deposit, is amended as follows: Security Deposit: $150,000.00 cash or irrevocable letter of credit, in form and substance reasonably satisfactory to Landlord, as provided in Section 17.6. Article XVII, Miscellaneous Provisions, Section 17.6, namely Security Deposit, is modified in part as follows:
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Summary of Basic Lease Provisions. 1.1 BASIC DATA ALL CAPITALIZED TERMS USED HEREIN SHALL HAVE THE MEANINGS ASCRIBED TO THEM IN THE PRIME LEASE (hereinafter defined) UNLESS OTHERWISE DEFINED HEREIN. Commencement Date: As to the First Floor Premises - June 12, 1998. As to the Third Floor Premises - the date of completion of the "decommissioning" (in the manner and to the extent required by the regulations of the U.S. Nuclear Regulatory Commission and or the Massachusetts Department of Public Health's Regulations for control of Radiation) of the Third Floor Premises, as evidenced by a letter from Sublessor's consultant confirming that the required close-out radiation survey has been completed and the Third Floor Premises qualify for release under such applicable decommissioning regulations. Sublessor: Cambridge NeuroScience, Inc. Present Mailing Address One Kendxxx Xxxare, Building 700 of Sublessor: Cambxxxxx, Xxxxxxxxxxxxx 00000 Xxblessee: Millennium Pharmaceuticals, Inc. Present Mailing Address 238 Xxxx Xxxxxx xx Sublessee: Cambxxxxx, Xxxxxxxxxxxxx 00000 Attention: Janex Xxxx
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Summary of Basic Lease Provisions 
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Related to Summary of Basic Lease Provisions

  • BASIC LEASE PROVISIONS Each reference in this Lease to the “

  • SUMMARY OF BASIC LEASE INFORMATION TERMS OF LEASE DESCRIPTION

  • Lease Provisions The terms and provisions of the Lease, insofar as they are applicable to this Work Letter are hereby incorporated herein by reference. All amounts payable by Tenant to Landlord hereunder shall be deemed to be additional Rent under the Lease and, upon any default in the payment of same, Landlord shall have all of the rights and remedies provided for in the Lease.

  • BASIC LEASE TERMS For purposes of this Lease, the following terms have the following definitions and meanings:

  • BASIC LEASE INFORMATION In addition to the terms that are defined elsewhere in this Lease, these terms are used in this Lease:

  • BASIC PROVISIONS This Article contains the basic lease provisions between Landlord and Tenant.

  • Basic Lease Provisions and Definitions In addition to other terms elsewhere defined in this Lease, the following terms whenever used in this Lease should have only the meanings set forth in this section, unless such meanings are expressly modified, limited or expanded elsewhere herein.

  • Fundamental Lease Provisions Certain fundamental Lease provisions are presented in this Section in summary form solely to facilitate convenient reference by the parties hereto:

  • Required Sublease Provisions Any sublease of all or any portion of the Leased Property shall provide (a) that it is subject and subordinate to this Agreement and to the matters to which this Agreement is or shall be subject or subordinate; (b) that in the event of termination of this Agreement or reentry or dispossession of Tenant by Landlord under this Agreement, Landlord may, at its option, terminate such sublease or take over all of the right, title and interest of Tenant, as sublessor under such sublease, and such subtenant shall, at Landlord’s option, attorn to Landlord pursuant to the then executory provisions of such sublease, except that neither Landlord nor any Facility Mortgagee, as holder of a mortgage or as Landlord under this Agreement, if such mortgagee succeeds to that position, shall (i) be liable for any act or omission of Tenant under such sublease, (ii) be subject to any credit, counterclaim, offset or defense which theretofore accrued to such subtenant against Tenant, (iii) be bound by any previous modification of such sublease not consented to in writing by Landlord or by any previous prepayment of more than one (1) month’s rent, (iv) be bound by any covenant of Tenant to undertake or complete any construction of the applicable Property, or any portion thereof, (v) be required to account for any security deposit of the subtenant other than any security deposit actually delivered to Landlord by Tenant, (vi) be bound by any obligation to make any payment to such subtenant or grant any credits, except for services, repairs, maintenance and restoration provided for under the sublease that are performed after the date of such attornment, (vii) be responsible for any monies owing by Tenant to the credit of such subtenant unless actually delivered to Landlord by Tenant, or (viii) be required to remove any Person occupying any portion of the Leased Property; and (c) in the event that such subtenant receives a written Notice from Landlord or any Facility Mortgagee stating that an Event of Default has occurred and is continuing, such subtenant shall thereafter be obligated to pay all rentals accruing under such sublease directly to the party giving such Notice or as such party may direct. All rentals received from such subtenant by Landlord or the Facility Mortgagee, as the case may be, shall be credited against the amounts owing by Tenant under this Agreement and such sublease shall provide that the subtenant thereunder shall, at the request of Landlord, execute a suitable instrument in confirmation of such agreement to attorn. An original counterpart of each such sublease and assignment and assumption, duly executed by Tenant and such subtenant or assignee, as the case may be, in form and substance reasonably satisfactory to Landlord, shall be delivered promptly to Landlord and (x) in the case of an assignment, the assignee shall assume in writing and agree to keep and perform all of the terms of this Agreement on the part of Tenant to be kept and performed and shall be, and become, jointly and severally liable with Tenant for the performance thereof and (y) in the case of either an assignment or subletting, Tenant shall remain primarily liable, as principal rather than as surety, for the prompt payment of the Rent and for the performance and observance of all of the covenants and conditions to be performed by Tenant hereunder. The provisions of this Section 16.2 shall not be deemed a waiver of the provisions set forth in the first paragraph of Section 16.1.

  • Definitions and Basic Provisions The following definitions and basic provisions shall be used in conjunction with and limited by the reference thereto in the provisions of this lease:

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