Assumed Premises definition

Assumed Premises means the Demised Premises on the assumption that:- (a) the Tenant's Works have not been carried out and (for the avoidance of doubt) the Tenant has removed all tenant's fixtures and all improvements and alterations carried out by the Tenant otherwise than pursuant to an obligation to the Landlord (reinstating and making good any damage caused to the Demised Premises in so doing) and has left the Demised Premises (constructed and fitted out as aforesaid) as clear space and (b) the Demised Premises have been constructed and fitted out by the Landlord at its own cost immediately prior to the grant of this Lease and in accordance with the specification and drawings annexed hereto entitled "Rent Review Specification" read on the basis that where reference is made to a minimum standard that is the actual standard provided and in accordance with the specification annexed hereto entitled "Minimum Standard Developer's Finish for Tenant's Work" and as altered from time to time by alterations carried out by and at the expense of the Landlord and improvements and alterations carried out by the Tenant pursuant to an obligation to the Landlord

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Assumed Premises means the Premises on the assumptions (if not facts) that:- 5.1.2.1 the Building has been constructed, fitted-out, equipped and completed in accordance with the drawings and specification annexed hereto entitled "BASE BUILDING DEFINITION" at the Landlord's expense; [NOTE: THIS WILL BE THE AGGREGATE OF THE BASE BUILDING AS-BUILT PLANS AND BASE BUILDING SPECIFICATION (EXCLUDING TRM'S) TOGETHER WITH THE CATEGORY `A' WORKS SPECIFICATION] 5.1.2.2 (to the extent not the same as the works described in the Base Building Definition) the Tenant's Works have not been carried out; 5.1.2.3 all tenant's fixtures have been removed and any damage caused by such removal has been made good and the Premises (constructed and fitted out as aforesaid) comprise clear space; 5.1.2.4 if the Premises or the Building or any part of them or any access to or amenities, services or facilities for them have been destroyed, damaged or otherwise adversely affected, they have been fully rebuilt, reinstated and restored; and 5.1.2.5 the Premises enjoy all necessary rights in relation to the Common Parts to enable their proper use and enjoyment.

Assumed Premises means the Premises together with, if the Seventh Floor Lease has been granted, the Seventh Floor Premises, on the assumptions (if not facts) that:- (a) the Assumed Premises have been constructed and completed in accordance with the Category A Specification at the Landlord’s expense; (b) the Tenant’s Works have not been carried out (other than any carried out at the Landlord’s expense); and (c) all tenant’s fixtures have been removed and any damage caused by such removal has been made good and the Assumed Premises (constructed and fitted out as aforesaid) comprise clear space.

Examples of Assumed Premises in a sentence

The foregoing warranty applies to all Hazardous Materials which, if not so disposed of or moved (vi) would be located in or on the Purchased Real Estate or in premises to be assumed by Purchaser under the Assumed Premises Leases or (vii) would be in the possession of the Engineering Division; or for which (viii) the Engineering Division could be held responsible for the care, custody or disposal.
Purchaser will incur no liability as a result of environmental conditions associated with any Purchased Real Estate, Assumed Premises Lease, or real property ownership, leasing or use by Sellers prior to the Effective Time.
As of the Execution Date of this Lease, “Electricity Costs” are equal to the total cost of providing electricity to the Building that is permitted to be included in Operating Expenses Allocable to the Premises, less the sum of: (i) the cost of Assumed Premises Electricity, as hereinafter defined, plus (ii) Excluded Electricity Costs, as hereinafter defined.
If Tenant exercises such right, then, subject to subparagraph (c) below, with respect to any period of time after from and after the date of installation of such submeters, Assumed Premises Electricity shall be equal to the sum of: (i) the amount of Electricity Rent payable by Tenant pursuant to Section 7.4(D), plus (ii) the cost of electricity measured by such submeters.
Sellers shall deliver the Records located at premises which are Assumed Premises Leases - 3 of 49 - at Closing (as defined in 6.01) at their then current location and the Records located at Sellers' other offices or premises promptly at such times, from time to time, after Closing and at Purchaser's sole expense, as records in Sellers' possession are reasonably determined by Purchaser to constitute Records as defined in this section.
Sellers shall deliver the Records located at premises which are Assumed Premises Leases - 3 of 49 - 4 at Closing (as defined in Section 6.01) at their then current location and the Records located at Sellers' other offices or premises promptly at such times, from time to time, after Closing and at Purchaser's sole expense, as records in Sellers' possession are reasonably determined by Purchaser to constitute Records as defined in this section.
Seller shall make the Assumed Premises available for occupancy by Purchaser on the Closing Date.
On -------------------------------------------------------- the Closing Date, Seller shall ensure that all of the Business Assets are located at the premises of Seller that will be assumed by Purchaser pursuant to this Agreement (the "Assumed Premises").
The Open Market Rent for the Assumed Premises at any Review Date may be agreed in writing at any time between the Landlord and the Tenant but if they have not been so agreed, either party may by notice in writing to the other require the Open Market Rent to be determined by the Review Surveyor.
Sellers shall deliver the Records located at premises which are Assumed Premises Leases - 3 of 49 - at Closing (as defined in 6.01) at their then current location and the Records located at Sellers' other offices or premises promptly as such times, from time to time, after Closing and at Purchaser's sole expense, as records in Sellers' possession are reasonably determined by Purchaser to constitute Records as defined in this section.

More Definitions of Assumed Premises

Assumed Premises means the Premises together with, if the Seventh Floor Lease has been granted, the Seventh Floor Premises, on the assumptions (if not facts) that:-

Assumed Premises means the Demised Premises on the assumption that:- (a) the Tenant’s Works have not been carried out and (for the avoidance of doubt) the Tenant has removed all tenant’s fixtures and all improvements and alterations carried out by the Tenant otherwise than pursuant to an obligation to the Landlord (reinstating and making good any damage caused to the Demised Premises in so doing) and has left the Demised Premises (constructed and fitted out as set out in paragraph (b) hereof) as clear space and (b) the Demised Premises have been constructed and fitted out by the Landlord at its own cost immediately prior to the grant of this Lease and in accordance with the Minimum Standard Developer’s Finish for Tenant’s Work Specification and as altered from time to time by alterations carried out by and at the expense of the Landlord and improvements and alterations carried out by the Tenant pursuant to an obligation to the Landlord

Assumed Premises means the Premises on the assumption that: 1.1.1 the Tenant has removed all tenant’s fixtures and all improvements and alterations carried out by the Tenant otherwise than pursuant to an obligation to the Landlord (reinstating and making good any damage caused to the Premises in so doing) and has left the Premises (constructed and fitted out as specified in paragraph 1.1.2) as clear space; and 1.1.2 the Premises have been constructed by the Landlord at its own cost and completed immediately prior to the grant of this Lease in accordance with the Building Specification and as altered from time to time by alterations carried out by and at the expense of the Landlord and improvements and alterations carried out by the Tenant pursuant to an obligation to the Landlord (other than pursuant to a statutory obligation);

Assumed Premises means the Demised Premises on the assumption that: