Licenced Area definition
Examples of Licenced Area in a sentence
The Occupier must yield up the Licenced Area (except the Occupier’s fixtures and fittings) to the Provider in the condition recorded in the Handover Certificate at the End of the Term, with vacant possession and in accordance with the Occupier’s covenants in this Licence Agreement (fair wear and tear excepted) and deliver to the Provider all keys to locks securing the Licenced Area.
The Occupier must provide no less than three months’ written notice of its intention to vacate the Licenced Area at the expiry of the Term.
In addition to the above payment, the Provider shall have the right to seek damages from the Occupier for losses occasioned by the Occupier’s continued possession of and to seek eviction of the Occupier from the Licenced Area.
This Licence Agreement and such other document(s) referred to in this Licence Agreement to the extent that these other document(s) are relevant shall contain the whole agreement between the Parties relating to the right to occupy the Licenced Area and supersedes all previous agreements between the Parties relating to this transaction.
Keeping the common areas of the Building and the Licenced Area available for use by the Occupier in a reasonable state of repair and decoration, but there is no obligation to put them in a better state than at the date of this Licence Agreement or to make good fair wear and tear or damage caused by the Occupier or those who are in the Building with the Occupier’s permission or by its invitation.