Summary of the Lease Agreements Sample Clauses

Summary of the Lease Agreements. The Properties are leased to well-known and stable counterparties, which all have had operations on the Properties for several years. The weighted average unexpired lease term amounts to approximately 12 years. However, Stadium has a break option in 2023, thus, the weighted average remaining lease term until first break amounts to approximately 10 years as of 1 April 2017. Generally, each tenant pays for utility costs through own subscriptions or supplements. Property tax is paid through supplements in the Norrköping Property and the Nyköping Property. In the Jönköping Property, the property tax is covered by the landlord. The base rents under the Lease Agreements are adjusted with 90% of Swedish CPI on average.
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Summary of the Lease Agreements. The Properties are leased to market leading niche players, which all have had operations in the Properties for several years. The weighted average unexpired lease term amounts to approximately 14.2 years (as of 1 August 2017). Generally, the lease structure in the Portfolio is triple net with the risk for cost overruns allocated on each tenant. The lease agreement in Nybro/Tallen 58 is not triple net, but the tenant carries all utility costs under the lease agreement. Property tax is partly recovered from supplements (or directly covered by the tenants). Overview of Lease Agreements TALLEN 58 TINGSRYD 3:14 TACKJÄRNET2-3 HOLJE 103:9 ÄLGSKYTTEN 13 SKRÄDDAREN 1 SÄVARE 19:12 TOTAL Group Metal PDS PDS Location Nybro Tingsryd Örebro Olofström Jönköping Götene Lidköping Lease term 2026-12-31 2031-11-30 2037-06-14 2031-09-30 2031-09-30 2031-09-30 2031-09-30 Area, m² 20,416 21,124 22,700 18,354 10,896 9,275 1,714 104,479 Estimated income 2017, 10.6 8.8 8.7 7.2 5.6 3.7 0.5 45.0 SEKm Rent / m² 518 415 383 392 511 395 305 431 CPI adjustment 100% CPI 100% CPI 100% CPI 2 % 2 % 2 % 2 % Break option No No No No No No No Notice period 24 months 60 months 42 months 36 months 36 months 36 months 36 months Extension period 60 months 120 months 60 months 60 months 60 months 60 months 60 months VAT Yes Yes Yes Yes Yes Yes Yes Tenant Kährs Orthex Xxxxxxx EBP Prototal AB Prototal Prototal Source: Vendor
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Related to Summary of the Lease Agreements

  • Lease Agreements 13.1 The Customer shall provide FPL a copy of the lease agreement, as applicable, for any and all leased interconnection equipment.

  • Lease Agreement On the terms stated in this Lease, Landlord leases the Premises to Tenant, and Tenant leases the Premises from Landlord, for the Term beginning on the Commencement Date and ending on the Termination Date unless extended or sooner terminated pursuant to this Lease.

  • Existing Agreements The Executive represents to the Company that he is not subject or a party to any employment or consulting agreement, non-competition covenant or other agreement, covenant or understanding which might prohibit him from executing this Agreement or limit his ability to fulfill his responsibilities hereunder.

  • MASTER LEASE A. All the obligations contained in the Master Lease conferred and imposed upon Sublessor (as Tenant therein) shall be borne by Sublessor and Sublessee in accordance with the Sublessor's Percentage and the Sublessee's Percentage, respectively, except as modified and amended by this Sublease, and all rights and privileges contained in the Master Lease conferred upon Sublessor (as Tenant therein), are hereby conferred and imposed upon Sublessee, to the extent of Sublessee's Percentage. Sublessor covenants and agrees it will make payment of the rentals reserved under the Master Lease as and when due, will perform Sublessor's insurance obligations under the Master Lease, and will otherwise fully and faithfully perform the terms and conditions of the Master Lease with respect to the Sublessor's Percentage. Sublessee covenants and agrees to otherwise fully and faithfully perform the terms and conditions of the Master Lease and the Sublease on its part to be performed. Neither the Sublessor nor Sublessee shall do or cause to be done any act which would or might cause the Master Lease, or the rights of Sublessor as tenant under the Master Lease to be endangered, cancelled, terminated, forfeited or surrendered, or which would or might cause Sublessor to be in default thereunder or liable for any damage, claim or penalty. Sublessee agrees, as an express inducement for Sublessor executing this Sublease, that if there is any conflict between the provisions of the Master Lease and this Sublease which would permit Sublessee to do or cause to be done any act which is prohibited by the Master Lease then the provisions of the Master Lease shall prevail.

  • Initial Lease Term The Initial Lease Term is for a minimum of ten (10) years; however, the State will consider a longer lease term if economic benefits are deemed to be in the State’s best interest. Please propose a fixed, or flat, rental rate for a Gross Lease: including all expenses – taxes, insurance, janitorial services, maintenance, etc. The State may elect to pay for utilities separately so please include a cost per square foot to reduce the rental rate if such occurs.

  • Memorandum of Lease Lessor and Lessee shall promptly upon the request of either enter into a short form memorandum of this Lease, in form suitable for recording under the laws of the State in which reference to this Lease, and all options contained herein, shall be made. Lessee shall pay all costs and expenses of recording such memorandum of this Lease.

  • Ground Lease Reserved.

  • Agreement to Lease Landlord agrees to lease to Tenant and Tenant agrees to lease from Landlord, according to the terms and conditions set forth herein, the Premises.

  • ORIGINAL LEASE The single executed original of this Lease marked "THIS COUNTERPART IS THE ORIGINAL EXECUTED COUNTERPART" on the signature page thereof and containing the receipt of the Lessor therefor on or following the signature page thereof shall be the Original Executed Counterpart of this Lease (the "Original Executed Counterpart"). To the extent that this Lease constitutes chattel paper, as such term is defined in the Uniform Commercial Code as in effect in any applicable jurisdiction, no security interest in this Lease may be created through the transfer or possession of any counterpart other than the Original Executed Counterpart.

  • The Lease 4.1. By this lease the Landlord lets and the Tenant takes the Premises for the Term at the Rent and subject ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ .

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