Common use of Use and Condition of Premises Clause in Contracts

Use and Condition of Premises. The Premises shall be used by Subtenant only for the purposes set forth in Article 3 of the ▇▇▇▇▇▇▇▇▇ and for no other purpose without the prior written consent of Sublandlord and Landlord. THE PREMISES AND LEASED FURNITURE AND EQUIPMENT ARE LEASED TO SUBTENANT AND THE PREMISES ARE ACCEPTED BY SUBTENANT IN THEIR EXISTING CONDITION AND STATE OF REPAIR, ON AN “AS IS”, “WHERE-IS”, BASIS, WITH ALL FAULTS, WITHOUT ANY WARRANTY (EITHER EXPRESS OR IMPLIED) BEING MADE BY SUBLANDLORD REGARDING THEIR CONDITION, HABITABILITY, OR SUITABILITY FOR THEIR INTENDED USE. Sublandlord will remove at Sublandlord’s expense the wall dividing the Premises. Sublandlord is under no obligation to perform any work or to provide any materials to prepare the Premises for Subtenant and Subtenant is not entitled to any allowances (including, without limitation, any design or construction allowance) or any other tenant inducements. Subtenant shall not make any alterations, additions, or improvements (collectively, “Alterations”) in, to or about the Premises, without Landlord’s and Sublandlord’s prior written consent, regardless of any provision of the ▇▇▇▇▇▇▇▇▇ to the contrary. All Alterations shall be made at Subtenant’s sole cost and expense and shall become part of the Premises. Subtenant represents, warrants, and covenants that Subtenant shall not produce, use, store, or generate any Hazardous Materials on, in, under, or about the Premises. In the event that Subtenant makes any Alterations to the Premises, Subtenant shall restore the Premises to its original condition, at Subtenant’s expense, at the end of the term of this Sublease, unless Landlord and Sublandlord agree otherwise.

Appears in 1 contract

Sources: Sublease Agreement (Hudson Holding Corp)

Use and Condition of Premises. a) The Premises shall be used by Subtenant only for the general office purposes set forth in Article 3 of the ▇▇▇▇▇▇▇▇▇ only, and for no other purpose without purpose, and shall be used and occupied in a careful, safe and proper manner. b) Tenant shall not use, occupy or permit the prior written consent Premises or any part thereof or any portion of Sublandlord the common area of the Building or Land to be used or occupied by Tenant, it’s employees, agents and Landlord. THE PREMISES AND LEASED FURNITURE AND EQUIPMENT ARE LEASED TO SUBTENANT AND THE PREMISES ARE ACCEPTED BY SUBTENANT IN THEIR EXISTING CONDITION AND STATE OF REPAIRinvitees (i) for any unlawful or illegal business, ON AN “AS IS”use or purpose; (ii) in any manner that constitutes waste or a nuisance of any kind or is categorized for insurance purposes as extra or especially hazardous or will increase the rate for fire insurance covering the Land, “WHERE-IS”, BASIS, WITH ALL FAULTS, WITHOUT ANY WARRANTY (EITHER EXPRESS OR IMPLIED) BEING MADE BY SUBLANDLORD REGARDING THEIR CONDITION, HABITABILITY, OR SUITABILITY FOR THEIR INTENDED USE. Sublandlord will remove at Sublandlord’s expense the wall dividing Building or the Premises. Sublandlord is under no obligation ; or (iii) for any purpose or in any way in violation of any applicable law, ordinance or governmental code or regulation as the same may be amended from time to perform any work or to provide any materials to prepare the Premises for Subtenant and Subtenant is not entitled to any allowances (including, without limitation, any design or construction allowance) or any other tenant inducements. Subtenant shall not make any alterations, additions, or improvements time (collectively, “AlterationsApplicable Laws); or (iv) in, in any way which shall or might subject Landlord to any liability or about the Premises, without Landlordresponsibility for injury to any person or persons or to property. Tenant shall comply with all Applicable Laws in connection with Tenant’s and Sublandlord’s prior written consent, regardless of any provision of the ▇▇▇▇▇▇▇▇▇ to the contrary. All Alterations shall be made at Subtenant’s sole cost and expense and shall become part use of the Premises. Subtenant representsMoving or delivery of furniture, warrantstrade fixtures and equipment and freight by or for Tenant shall be done at such times and in such manner as reasonably may be required by Landlord. c) Tenant agrees to limit the number of Employees or Agents occupying the Leased Premises to no more than one person per each one hundred and fifty rentable square feet of office space at any time during the Lease Term. Landlord reserves the right to check Tenant’s occupancy levels periodically, and covenants that Subtenant shall not producewithout prior notice to Tenant, use, store, or generate any Hazardous Materials on, in, under, or about the Premisesin order to monitor Tenant’s compliance with this provision. In the event Tenant fails, at any time during the Lease Term, to comply with the terms of this Section, such failure shall be an Event of Default under the Lease and Landlord shall be entitled to exercise all remedies available to it under this Lease including but not limited to termination of the Lease. d) Except as expressly set forth to the contrary in the Lease, Tenant acknowledges that Subtenant makes any Alterations Landlord shall not be required to improve the Premises, Subtenant and Tenant agrees to accept the premises in its “as-is”, “where-is” condition on the Commencement Date. e) During non-business hours, Tenant shall restore have the Premises to its original condition, at Subtenant’s expense, right at the end of its Lease Term to hold a sale at the term Premises of this Sublease, unless Landlord and Sublandlord agree otherwiseits onsite assets.

Appears in 1 contract

Sources: Lease Agreement (Advanta Corp)