Premises System definition
Examples of Premises System in a sentence
The Premises System must be used and maintained by you and/or the Premises Owner in accordance with the DHS System Owner’s reasonable instructions.
The party seeking to terminate this Agreement pursuant to Sections 10.1.2, 10.1.3, 10.1.4, 10.1.5 or 10.1.6 will give written notice of such termination to the other parties.
Tenant shall not be entitled to reimbursement from Landlord for maintenance, repair or replacement of a Premises System unless such maintenance, repair or replacement is reasonably necessary and in accordance with prudent and reasonable commercial standards to maintain such systems in good working condition (“Qualified Maintenance”).
If one or more large HVAC units is in operation at the Leased Premises, "System Breakdowns" coverage shall be required, as reasonably determined by Landlord and Lender.
In consideration for the Use of the Premises, System shall pay to the City in accordance with the payment schedule listed below.
Tenant and Landlord each acknowledge that any individual maintenance, repair or replacement of a Premises System, the cost of which is equal to or less than $500.00, shall not be included in the $10,000.00 Tenant’s Annual System Costs.