Leased Premises definition
Examples of Leased Premises in a sentence
In the event Tenant elects to remodel the Leased Premises or make alterations thereto, Landlord and Tenant expressly acknowledge that ▇▇▇▇▇▇▇▇’s review of Tenant’s plans and specifications and any inspection of Tenant's work by Landlord are non-technical in nature and are solely for the purpose of (i) ensuring architectural compatibility with the Development, and (ii) general conformation to Landlord’s requirements for the Development.
With respect to each of the Leased Premises, the Company and/or each Material Subsidiary occupies the Leased Premises and has the exclusive right to occupy and use the Leased Premises and each of the leases pursuant to which the Company or any Material Subsidiary occupies the Leased Premises is in good standing and in full force and effect.
Landlord shall make improvements to the Leased Premises in a “turn-key” condition in accordance with the final construction documents approved by ▇▇▇▇▇▇▇▇ and plans and specifications agreed to by Landlord and Tenant (collectively “Landlord’s Work”).
Upon written Notice by Landlord of completion of Landlord’s Work, Tenant shall be deemed to have accepted the Leased Premises in the condition called for in this amendment, except for items specifically identified by Tenant in writing within ten (10) days of the Notice of Completion as “incomplete”.
Notwithstanding the foregoing, if at least twenty-four (24) months remain in the Rental Term of the original Lease (including any renewal options that have been properly exercised by Tenant), then the Rental Term for the Expansion Space shall be coterminous with the remaining term of the original Lease for the original Leased Premises.