Basic Lease Terms definition

Basic Lease Terms means and refer to the following collective terms, the application of which shall be governed by the provisions in the remaining articles of this Lease.

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Basic Lease Terms. (herein so called), which are made part of this Lease for all purposes:

Basic Lease Terms have the following meanings when used in this Lease: Premises The entire leasable area of the 10th floor of the Building, as more particularly shown as the hatched area on Exhibit A, collectively (together with any other premises at the Building leased to Tenant hereunder from time to time). Building The building, fixtures, equipment and other improvements and appurtenances now located or hereafter erected, located or placed upon the land known as ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇. Real Property The Building, together with the plot of land upon which it stands. Commencement Date The date on which the Premises are delivered to Tenant in the Delivery Condition (hereinafter defined), provided that Landlord shall provide Tenant with notice at least three (3) days prior to such delivery. Rent Commencement Date The date that is seven (7) months after the Commencement Date. Expiration Date The last day of the fifth (5th) Lease Year (the “Initial Expiration Date”), or the last day of any renewal or extended term, if the Term is extended in accordance with the express provisions hereof. Initial Term The period beginning on the Commencement Date and ending on the Initial Expiration Date. Term The period beginning on the Commencement Date and ending on the Expiration Date. Permitted Uses Executive, general, administrative, and executive offices and incidental and related uses in connection therewith. DocuSign Envelope ID: 9A9C9B12-A895-460A-B922-02EA96CBF419888 F039-07D3 96C 95C7 5 F6CAE9878F 3

Examples of Basic Lease Terms in a sentence

• Any notice permitted or required to be given hereunder shall be in writing and shall be given by personal delivery or certified United States mail (return receipt requested), U.S. Express Mail or overnight air courier, in each case postage or equivalent prepaid, addressed to the address for notices set forth in the Basic Lease Terms.

• This Lease is dated as of the lease reference date specified in Section A of the Summary of Basic Lease Terms and is made by and between the party identified as Landlord in Section B of the Summary and the party identified as Tenant in Section C of the Summary.

• Each reference in this Lease to any of the Basic Lease Terms contained in Section 1.1 of this Article shall be deemed and consumed to incorporate all of the terms provided under each of such Basic Lease Terms.

• The term “Summary” shall mean the Summary of Basic Lease Terms executed by Landlord and Tenant that is part of this Lease.

• The parties agree that if there should be any clerical or typographical errors in this Lease, the Summary of Basic Lease Terms, any exhibit or addendum hereto, the party requested to do so will use its reasonable, good faith efforts to execute such corrective instruments or do all things necessary or appropriate to correct such errors.

• The Expiration Date of this Lease shall be the date stated in the Basic Lease Terms.

• Tenant agrees to pay to Landlord the basic monthly rent in the amount set forth in the Basic Lease Terms herein during the term of this Lease.

• The percentage set forth in the Summary of Basic Lease Terms shall be conclusive and not subject to adjustment for remeasurement of the area of the Demised Premises or the Building.

• Notices shall be delivered postage prepaid, to the address or facsimile number for the party stated in the Basic Lease Terms or to such other address as either party may specify by notice to the other.

• At the same time as execution of the Lease, Tenant shall pay any prepaid rent stated in the Basic Lease Terms.

More Definitions of Basic Lease Terms

Basic Lease Terms mean the basic lease terms set forth in Section 2 of this Lease.

Basic Lease Terms means: commencement date, rentable square footage, base rental rate, term, tenant improvement allowance (if any), and operating expenses as set forth in the Notice.