Demise and Term definition

Demise and Term. Conditions of Sublease: Parking. Sublessor hereby leases to Sublessee, and Sublessee hereby hires from Sublessor, that certain real property, consisting of approximately 23,575 square feet of space, and containing the entire second floor, in the premises located it 6815 Xxxxxxxx Xxxxx, Xxx Xxxxx, Xxxxxxxxxx, xx more particularly described in Exhibit A annexed hereto and made a part hereof (the "Subleased Premises"), together with all appurtenances, rights, privileges and easements pertaining to the Subleased Premises and any and all existing fixtures and improvements contained therein as of the date of this Agreement. The Subleased Premises are a portion of the premises leased to Sublessor under the Main Lease (as defined in Section 2, herein) The term of this Sublease shall, commence on the later of (i) the day which is thirty (30) days after the Agreed Approvals, as defined below, are obtained, or (ii) May 1, 1998, (the "Commencement Date") and shall end on June 19, 2003. If, the Commencement Date is delayed for more than thirty (30) days after May 1, 1998, due to: 1) Lessor's' failure to consent to this Lease Agreement or 2) Sublessor's actions, Sublessee may, at its option, by notice in writing to Sublessor, cancel this Sublease, in which event the parties shall be discharged from all obligations hereunder, except that Sublessor shall refund all prepaid Rent and the entire Security Deposit received by Sublessor. As part of Lessor's consent to this Sublease, which Sublessor shall act diligently to obtain from Lessor by written request made to Lessor no later than seven (7) days after the mutual execution of this Agreement.
Sample 1
Demise and Term. LESSOR, hereby leases to TENANT for the term of 3 years commencing on the 1st day of March, 1993 and ending on the 28th day of February, 1996, (the "TERM") the following described premises in its present condition: Office building located at 000 Xxxxx Xxxxxx, North Strabane Twp., Washington County, Pennsylvania (the "PREMISES"). TENANT also has a nonexclusive license for the benefit of TENANT, its employees, agents and invitees for access to and from the leased premises through the building and over property of LESSOR appurtenant thereto, and to use those parts of the building designated by LESSOR for use by TENANTS including but not limited to toilet rooms, elevators and unrestricted parking areas, if any.
Sample 1

Examples of Demise and Term in a sentence

  • For greater clarity the provisions of Article 3 of the Existing Lease (Demise and Term) and Section 4.01 (Basic Rent) shall not apply to this Lease and the provisions of paragraph 1, 2, and 4 shall apply in their place and stead.

  • Building" shall mean the building, structures, fixtures and improvements constructed or installed upon the Leased Premises and related infrastructure improvements serving the Building.Certain other defined terms shall have the respective meanings assigned to them elsewhere in this Lease.2. Demise and Term.

Related to Demise and Term

  • Term of Agreement shall have the meaning ascribed thereto in Article 2 of this Agreement;

  • Bond Terms means these terms and conditions, including all Attachments which shall form an integrated part of these Bond Terms, in each case as amended and/or supplemented from time to time.

  • Original Lease shall have the meaning given such term in the recitals to this Agreement.

  • Lease Term means the term of this Lease which shall commence on the Commencement Date and continue for the period specified in Section J of the Summary.

  • Rentable Area of Premises on Page 1 of the Lease shall be deleted in their entirety and replaced with the following:

  • Base Term Commencing (i) with respect to the Original Premises on the Commencement Date, and (ii) with respect to the Expansion Premises on the Expansion Premises Commencement Date, and ending with respect to the entire Premises on September 15, 2016 (“Expiration Date”).”

  • Master Lease means any master lease now or hereafter entered into, in which the Healthcare Facility is aggregated with other HUD-insured healthcare facilities and leased to a Master Tenant and any amendments or joinders thereto.

  • New Building ’ means a new construction to house a complete motor vehicle as- sembly process, where that construction includes the pouring or construction of a new foundation and floor, the erection of a new frame and roof, and the instal- lation of new plumbing and electrical and other utilities;

  • this Tenant Work Letter means the relevant portion of Sections 1 through 6 of this Tenant Work Letter.

  • residential premises means a house, building, structure, shelter, or mobile home, or portion thereof, used as a dwelling, home, residence, or living place by 1 or more human beings. “Residential premises” includes an apartment unit, a boardinghouse, a rooming house, a mobile home, a mobile home space, and a single or multiple family dwelling, but does not include a hotel, a motel, motor home, or other tourist accommodation, when used as a temporary accommodation for guests or tourists, or premises used as the principal place of residence of the owner and rented occasionally during temporary absences including vacation or sabbatical leave.

  • Subleased Premises means approximately -18;961 rentable square feet on the 141h floor of the Building, as more specifically depicted on Exhibit A attached hereto and made a part hereof. The Subleased Premises include all of the Leased Premises identified in the Prime Lease.

  • Authority’s Premises means any premises occupied by or under the control of the Authority where the Services are to be supplied, as set out in the Specification.

  • Term of the Agreement shall have the same meaning as provided for in Article 7 of this Agreement.

  • Sublease means a lease of goods the right to possession and use of which was acquired by the lessor as a lessee under an existing lease.

  • Period of Agreement means 5 years from the date of Final acceptance of the Project.

  • the Lease means the lease of the said land to be granted by the Lessor to the Lessee pursuant to clause 2.1;

  • Sublease Agreement shall have the meaning specified in Section 8.2(b).

  • Premises Building Partial Damage means if the Building of which the Premises are a part is damaged or destroyed to the extent that the cost to repair is less than fifty percent of the then replacement cost of the Building.

  • Off-premises sign means a sign directing attention to a use, product, commodity or service not related to the premises upon which the sign is located.

  • this Lease means the relevant portion of Articles 1 through 29 of this Office Lease to which this Tenant Work Letter is attached as EXHIBIT B and of which this Tenant Work Letter forms a part, and all references in this Tenant Work Letter to sections of "this Tenant Work Letter" shall mean the relevant portion of Sections 1 through 7 of this Tenant Work Letter.

  • Work space means that portion of the court’s facilities dedicated to each court reporter, including but not limited to actual space in the courtroom and any designated office space.

  • Storage Space means a space where goods of non-hazardous nature are stored and includes cold storage and banking safe vaults;

  • Landlord Agreement means an agreement substantially in the form provided by Lender to Borrower or such other form as Lender may agree to accept.

  • Lease Agreement means the bargain, with respect to the lease, of the lessor and the lessee in fact as found in their language or by implication from other circumstances including course of dealing or usage of trade or course of performance as provided in this article. Unless the context clearly indicates otherwise, the term includes a sublease agreement.

  • the Building means any building of which the Property forms part.

  • mineral lease means the mineral lease referred to in clause 8(1)(a) hereof and includes any renewal thereof;