Initial Tenants definition
Examples of Initial Tenants in a sentence
The portion of the Deposit relating to CAM, taxes and insurance for the Pending Initial Tenants and the Vacant Space is an estimate only.
The Initial Tenants and the New Tenant each agree to cooperate with MI in connection with such transfers.
Tenant shall cause Tenant's Plans (including mechanical plans and specifications) to be filed with the governmental agencies having jurisdiction thereof, in order to obtain, and shall obtain, all governmental permits, approvals, licenses, authorizations, waivers, consents and certificates (collectively, "Permits") which may be required in connection with the performance of the Initial Tenant's Changes.
Tenant expressly acknowledges and agrees that Landlord shall have the right to renew or extend Initial Tenants of any Available ROFO Space before offering any Available ROFO Space to Tenant and regardless of whether such existing tenants have express extension rights in their respective leases.
Such additional Landlord's Contribution may be applied by Tenant toward the cost of Initial Tenant's Changes and/or any brokerage commissions, attorney's fees, moving expenses and/or other costs and expenses incurred by Tenant in connection with its leasing of, and move into, the demised premises.
On the First Closing Date, HPTMI and the Initial Tenants shall execute and deliver the Amendment to Initial Leases.
Furthermore, notwithstanding anything to the contrary contained herein, Landlord hereby agrees to waive the additional rent freight access charges for up to the first twenty-six (26) hours of Initial Tenant's move-in to the Premises.
Subject to and upon the terms and conditions hereinafter set forth, HPTMI and the Initial Tenants each hereby agree to amend the Initial Leases in accordance with the terms and conditions of the Amendment to Initial Leases.
Per Square Foot Months Monthly Annual Per Annum ------ ------- ------ --------- 1-60 $27,972.93 $335,675.12 $3.58 61-120 $32,192.31 $386,307.68 $4.12 (Subject to adjustment as provided in the Lease) Initial Tenant's proportionate share of Taxes: $5,547.70 per month Initial Tenant's proportionate share of cost of insurance under Paragraph 10A: $390.68 per month Initial Tenant's proportionate share of Common Area Charges: $937.64 per month Security Deposit: $0.00 per month Tenant's Proportionate Share: 100%.
Tenant, in compliance with the further provisions of this Article, Building regulations and procedures, and other applicable provisions of this lease, shall perform the Initial Tenant's Changes.