Phase 3 Premises definition
Examples of Phase 3 Premises in a sentence
As to the entirety of the Demised Premises, the Lease Term shall end 13 “Lease Years” (as defined below) and six (6) months after the Phase 1 Commencement Date, except as provided in Section 45 of this Lease with respect to the Phase 3 Premises.
Despite the foregoing, in the event that Tenant requests in writing that Landlord fund any portion of the Phase 3 Premises Construction Allowance, then Tenant shall have no right to surrender the portion of the Phase 3 Premises for which it has requested funding of the Construction Allowance to Landlord.
The Phase 1 Premises and Phase 1 Parking shall be collectively referred to as “Phase 1”; the Phase 2 Premises, and, to the extent included in Phase 2, the Phase 2 Parking shall be collectively referred to as “Phase 2”; and, if Tenant exercises the Expansion Option and subject to Section 40.2, the Phase 3 Premises, and, to the extent included in Phase 3, the Phase 2 Parking shall be collectively referred to as “▇▇▇▇▇ ▇”.
The City hereby leases to NWL and NWL hereby leases from the City the “Premises” more particularly defined as the applicable ▇▇▇▇▇ ▇ ▇▇▇▇▇▇▇▇, ▇▇▇▇▇ ▇ Premises and Phase 3 Premises in Exhibit “A”.
Tenant shall have the right to renew the Term as set forth below as to any of the following configurations of the Premises: (a) the entirety of the Leased Premises; (b) the entirety of the Phase 3 Premises and the Phase 4 Premises; (c) the entirety of the Phase 2 Premises, the Phase 3 Premises and the Phase 4 Premises; or (d) the entirety of the Phase 1 Premises, the Phase 3 Premises and the Phase 4 Premises.
Landlord and Tenant shall work together to determine the scope of work (the “Phase 3 Tenant Improvements”) required for the Phase 3 Premises.
The Phase 3 Premises shall become part of the Premises for all purposes hereunder as of the Phase 3 Delivery Date, and accordingly shall be subject to every term and condition of this Lease, provided that the Base Rent for the Phase 3 Premises shall not be payable until the Phase 3 Rent Commencement Date (which may be adjusted as expressly provided in this Lease).
From the Phase 2 Premises Commencement Date until the day immediately preceding the Phase 3 Premises Commencement Date, Landlord and Tenant shall share equally the cost of electricity provided to the Phase 3 Premises.
Egger shall be responsible for the payment of the real property taxes for the Phase 1 & Phase 2 Premises from the Commencement Date of the Lease and for the payment of the real property taxes for the Phase 3 Premises from Closing.
In the event Tenant requests that Landlord provide the Construction Allowance with respect to less than all of the Phase 3 Premises, then Tenant shall surrender the portion of the Phase 3 Premises that ▇▇▇▇▇▇ has not elected requested funding of the Construction Allowance to Landlord.