Warehouse Lease Clause Samples
A Warehouse Lease clause establishes the terms under which a tenant rents warehouse space from a landlord. It typically outlines the location, size, permitted uses, rent amount, duration, and responsibilities for maintenance or repairs of the warehouse premises. This clause ensures both parties understand their rights and obligations regarding the use and upkeep of the warehouse, thereby reducing the risk of disputes and providing a clear framework for the commercial relationship.
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Warehouse Lease. 1.2.1 Party A agrees to lease the 3 warehouses of 110 m2 of building area in the 2nd underground floor of Vision Center during the lease term hereunder to address business needs of Party B.
1.2.2 The warehouse rent is RMB * yuan/month/ m2 of building area without property management fee. The rent shall be increased by 5% every two years.
1.2.3 Party B shall pay the warehouse rent as per the provisions under clause 1.
Warehouse Lease. 75 10.14 Prepayment of IDB Financing.......................... 75 -iii- 119
Warehouse Lease. The Stockholders shall have delivered to the Purchaser and Norton the Warehouse Lease, in the form attached hereto as Exhibit K, executed by the landlord thereunder.
Warehouse Lease. The Purchaser and Norton shall have executed and delivered to the Stockholders the Warehouse Lease and guaranty of the Warehouse Lease, as applicable, in the form attached hereto as Exhibit K. 72 72
Warehouse Lease. The Parties agree that GEODIS shall renew the Warehouse lease.
Warehouse Lease. 71 SECTION X. CONDITIONS TO THE PURCHASER'S OBLIGATION TO CLOSE............................................. 72
Warehouse Lease. ▇▇▇▇▇▇▇▇ shall have entered into the Warehouse Lease.
Warehouse Lease. Vachell Lane and the Company shall have entered into the Real Estate Lease Agreement for the property located at ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇, ▇▇ in the form attached hereto as Exhibit 8.16.
Warehouse Lease. The Warehouse Lease (as well as any security posted by the Seller to secure its obligations thereunder) is an Excluded Asset and the obligations thereunder shall not constitute Assumed Liabilities. Subject to the last sentence of this Section 7.7, beginning on the Closing Date and until the expiration of the term of the Warehouse Lease on August 31, 1998, the Seller and the Parent shall afford the Purchaser full access to the premises covered by the Warehouse Lease. Given this right of access, the Purchaser shall (i) pay to the Seller twenty-eight thousand dollars ($28,000) per month in advance, on the first day of the month following the month in which the Closing Date occurs and the first day of every month thereafter through August 1, 1998, for base rent payments including charges payable to the landlord thereunder for common area maintenance charges and taxes (prorated for any partial month periods), (ii) reimburse the Seller, upon presentation of evidence reasonably satisfactory to the Purchaser, for any other amount paid by the Seller on account of any claim arising by virtue of the Purchaser's use and occupancy of the subject premises, subject to any defenses that the Purchaser may have in respect of such obligation as against the Person to whom such payment was made, or otherwise. Subject to Section 13.3(iv), the Purchaser shall have no other liabilities in connection with the Warehouse Lease, whether arising under the Warehouse Lease or otherwise, including, without limitation, any obligations with respect to renovation, construction, demolition, restoration or remodeling expenses. The Purchaser shall vacate the subject premises on or prior to a date to be mutually agreed by the parties in order to permit the Seller sufficient time to return the premises to the appropriate condition specified in the Warehouse Lease prior to the end of such Lease's term.