Occupied Premises definition

Occupied Premises means a premises which is physically occupied by a lawful occupier;

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedBook a Demo

Occupied Premises means any property that has the water utility service turned on at the Curb Stop.

Occupied Premises as defined in the Amended and Restated Lease Agreement constitutes fifty-three thousand seven hundred ninety-eight (53,798) rentable square feet.

Examples of Occupied Premises in a sentence

• No Force Majeure shall excuse the timely payment of all items of rent by Tenant or Tenant’s rent reduction in connection with Landlord’s inability to deliver the Currently Occupied Premises as set forth in Section 2.3 of this Lease.

• In the event that prior to June 30, 2019, Service Provider agrees to sublet or terminate the underlying lease agreement in respect of the Occupied Premises, the Company shall vacate the Occupied Premises upon thirty (30) days’ written notice (or, if greater, such longer time period afforded to Service Provider under any sublease or termination arrangement) provided by Service Provider .

• Global may reduce or eliminate its provision of all or any portion of the Occupied Premises, other than the premises designated to become Assigned Premises, upon not less than thirty (30) days prior written notice or if an applicable lease agreement expires or is terminated.

• The parties anticipate that on July 1, 2002, Tenant shall be leasing and occupying the Currently Occupied Premises and the Additional Premises.

• The Parties shall cooperate in a commercially reasonable manner as is necessary to allow for orderly transition of the Services and the Occupied Premises.

• For purposes of this Section 1.2, the pro rata share of the rent, taxes and costs allocated to the Company under clauses (i) and (iii) of this Section 1.2 shall be calculated based on the methodology customarily applied by Fortress Investment Group LLC in allocating these types of costs in respect of the Occupied Premises among its affiliates and shall be equal to the amount set forth on Schedule A.

• Occupant shall, at its sole cost and expense, keep and maintain the Occupied Premises free of all weeds, debris, trash, snow and ice, and shall keep all landscaping trimmed and in a neat and orderly appearance.

• For purposes of this Section 1.2, the pro rata share of the rent, taxes and costs allocated to the Company under clause (i) of this Section 1.2(a) shall be calculated based on the methodology customarily applied by Fortress Investment Group LLC in allocating these types of costs in respect of the Occupied Premises among its affiliates.

• In the event that prior to the End Date, Service Provider agrees to sublet or terminate the underlying lease agreement in respect of the Occupied Premises, the Company shall vacate the Occupied Premises upon thirty (30) days’ written notice (or, if greater, such longer time period afforded to Service Provider under any sublease or termination arrangement) provided by Service Provider.

• Tenant agrees that the term of this Lease shall commence on the date hereof notwithstanding Landlord's inability to deliver to Tenant on the Commencement Date vacant possession of the Occupied Premises.

More Definitions of Occupied Premises

Occupied Premises has the meaning given in paragraph 3.1

Occupied Premises means. for the twenty-one month period beginning or., the Commencement Date (the "Preliminary Period") the portion of the Building shown as the "Initial Premises" outlined in red on Exhibit A attached hereto, and after the Preliminary Period, the entire Building and Property. The portion of the Premises other than the Occupied Premises is hereinafter called the "Unoccupied Premises." Tenant shall have no right of occupancy in the Unoccupied Premises except for the purpose of performing fit out work to prepare it for occupancy, provided, however, that Tenant shall have the right to use and occupy portions of the Building beyond the Initial Premises, upon written notice to Landlord, at which time the Unoccupied Premises included in the notice shall become part of the Occupied Premises. The area of the Unoccupied Premises into which Tenant expands during the Preliminary Period is hereinafter called the "Expansion Area." Tenant's right to expand the Occupied Premises shall be subject to the following terms and conditions: (1) such portions of the Expansion Area which Tenant occupies shall be in increments of not less than 500 rentable square feet;