Parcel Lease definition
Examples of Parcel Lease in a sentence
The Ground Lease Escrow Fund is for the purpose of paying all sums due under the Ground Lease, the Miami Lease and the Miramar Parcel Lease.
This Parcel Lease Supplement may be executed in any number of counterparts as may be convenient or necessary, and it shall not be necessary that the signatures of all parties hereto or thereto be contained on any one counterpart hereof or thereof.
All terms and conditions contained in this Parcel Lease Supplement shall be deemed to be a part of the terms and conditions of the Lease for any and all purposes.
Neither this Parcel Lease Supplement nor any of the terms hereof may be terminated, amended, supplemented, waived or modified orally, except by an instrument in writing signed by Lessor and Lessee in accordance with the provisions of Section 8.4 of the Participation Agreement.
This Lease constitutes a sublease under that certain Ground Lease dated March 5, 1999 (the “Existing Ground Lease”) between The Sobrato 1979 Revocable Trust, As Amended (“Master Landlord”), as landlord and Landlord, as tenant, covering all of the real property within the Project, a copy which has been provided to Tenant, and under the Parcel Lease described in the next sentence.
No representations, undertakings, or agreements have been made or relied upon in the making of this Parcel Lease Supplement other than those specifically set forth in the Operative Documents.
As between Lessor and Lessee, Lessee has been afforded full opportunity to inspect Parcel _____, is satisfied with the results of its inspections of Parcel _____ and is entering into this Parcel Lease Supplement solely on the basis of the results of its own inspections and all risks incident to the matters discussed in the two preceding sentences, as between Lessor, on the one hand, and Lessee, on the other, are to be borne by Lessee.
This Parcel Lease Supplement, together with the other Operative Documents, is intended by the parties as a final expression of their lease agreement in respect of Property _________ and as a complete and exclusive statement of the terms thereof, all negotiations, considerations and representations between the parties having been incorporated herein and therein.
The Development Parcel Lease will provide for a rental rate of $1.00 per year and will be a “Triple Net” lease, such that Purchaser will pay all costs and expenses associated with the Development Parcel (excluding debt service of Seller) including, without limitation, maintenance, insurance and taxes with respect to the Development Parcel.
Upon written request, the Owner may elect to provide to the Office Tenant a copy of each Development Parcel Lease.