The Assumptions Sample Clauses

The Assumptions. The Assumptions means: 1.2.1 the assumption that no work has been carried out on the Premises during or prior to the Term by the Tenant that has diminished the rental value of the Premises other than work carried out in compliance with clause 3.8.2.1. 1.2.2 the assumption that if the Premises have been destroyed or damaged they have been fully rebuilt or reinstated. 1.2.3 the assumption that the covenants contained in this Lease on the part of the Tenant have been fully performed and observed. 1.2.4 the assumption that the Premises are available to let by a willing landlord to a willing tenant in the open market by one lease (‘the Hypothetical Lease’) without a premium being paid by either party and with vacant possession. 1.2.5 the assumption that the Premises have already been fitted out and equipped by and at the expense of the incoming tenant so that they are capable of being used by the incoming tenant from the beginning of the Hypothetical Lease for all purposes required by the incoming tenant that would be permitted under this Lease. 1.2.6 the assumption that the Hypothetical Lease contains the same terms as this Lease, except the amount of the Initial Rent, and except any rent free or concessionary period allowed to the Tenant for fitting out the Premises for its occupation and use at the commencement of the Term and including the provisions for rent review on the 5th anniversary of the term commencement date of the Hypothetical Lease. 1.2.7 the assumption that the term of the Hypothetical Lease is equal in length to the Contractual Term and that such terms begins on the Review Date, that the rent commences to be payable on that date and that the years during which the tenant covenants to decorate the Premises are at the same intervals after the beginning of the terms of the Hypothetical Lease as those specified in this Lease. 1.2.8 the assumption that every prospective willing landlord and willing tenant is able to recover VAT in full.