New Demised Premises definition
Examples of New Demised Premises in a sentence
Owner shall afford Tenant and its employees, agents and contractors access to the Second New Demised Premises, at reasonable times and at Tenant's sole risk and expense, for the purposes of inspecting and verifying the performance of Owner's Work and of making preparations for and performing or inspecting and verifying the performance of Tenant's Work.
Effective on the date of this Amendment, the Demised Premises and Additional Space shall hereinafter be referred to as the "New Demised Premises".
The facilities, materials and work so to be furnished, installed and performed in the Third New Demised Premises by Owner at its expense are hereinafter and in Exhibit "H" to be attached hereto, referred to as "Owner's Work".
Owner shall afford Tenant and its employees, agents and contractors access to the Third New Demised Premises, at reasonable times and at Tenant's sole risk and expense, for the purposes of inspecting and verifying the performance of Owner's Work and of making preparations for and performing or inspecting and verifying the performance of Tenant's Work.
Owner shall perform the Owner's Work in accordance with Exhibit "F", provided, however, that Owner shall have the right to make any changes required by any governmental department or bureau having jurisdiction of the Second New Demised Premises.
The Supplemental Rider to Lease is hereby amended by deleting same and replacing with the following: "Tenant accepts the New Demised Premises "AS IS" and in the existing condition.
Such other installations, materials and work which may be undertaken by or for the account of Tenant to equip, decorate and furnish the Second New Demised Premises for Tenant's occupancy, commonly called "finishing trades work", are hereinafter and in Exhibit "F" called "Tenant's Work".
The Base Tax for the New Demised Premises shall mean the taxes assessed for the 1998/99 Tax year.
Each party agrees to defend, indemnify, and hold the other party harmless against any claims for brokerage commission or compensation with regard to the lease of the New Demised Premises reflected in this Amendment by any other broker claiming or alleging to have acted on behalf of or to have dealt with such party.
The Third New Demised Premises shall be altered or initially prepared for Tenant's occupancy in the manner, and subject to the terms, conditions and covenants, as agreed to by the parties hereinafter and to be set forth in a writing signed by the parties on the date the plans are made final as provided in paragraph 12 hereinabove.