Examples of Principal Premises in a sentence
And Whereas RADVision wishes to lease from RIT and RIT wishes to let to RADVision under an unrestricted unprotected sub-lease, an area of 215 square metres situate within the area of the Principal Premises, as described in the plan attached to this Agreement as ANNEX B (hereinafter - "the Premises").
In addition, Tenant shall have the right to exercise the Extension Options to not less than seventy-five percent (75%) of the Principal Premises ("Reduced Principal Premises"), provided that the remaining portion of the Principal Premises ("Released Principal Premises") must be contiguous to and accessible from the other space in the Building that is not part of the Principal Premises.
In such case, during the remainder of the Term, Premises shall be deemed to mean the Reduced Principal Premises.
Included in the 370 exclusive parking spaces are 10 visitor parking spaces adjacent to the Principal Premises..
The Seller has and does not engage in any repair, refurbishment or painting, staining, priming or varnishing with respect to any furniture, furnishings, appliances, electronics, accessories or other assets or manufactured any furniture, furnishings, appliances, electronics, accessories and other assets at the Principal Premises which could reasonably be likely to result in a material Environmental Liability.
If Tenant exercises its Extension Option to less than all the Principal Premises, the Basic Rent shall be determined in accordance with the procedure set forth on Exhibit C hereto except that the Basic Rent shall be 95% of the market rent for the Reduced Principal Premises as determined by said procedure.
The Principal Premises will contain as of the beginning of the Initial Term 154,489 777923v2 square feet of which 56,160 square feet will be office and retail space and 98,329 square feet will be manufacturing and warehouse space.
Tenant shall use good faith efforts to complete the work to the Premises (the "Initial Tenant Work") set forth as Exhibit B-1 hereto on or prior to March 31, 2007 so that inter alia the HVAC, mechanical, telecommunication, electrical and plumbing systems of the Principal Premises shall be independent of such systems serving the remaining portions of the Building.
Except as set forth on Schedule 3.7, there are no material Governmental Permits, licenses, certificates of inspection or other authorizations, necessary for or used to carry on the Business as now being conducted at any of the Specified Locations, Assumed Locations or Shared Locations or to use and occupy such Principal Premises as now being used, which are required by currently effective laws, rules or regulations.
The activities of the Seller at each of the Principal Premises consist and have consisted solely during the time period Seller has occupied such Principal Premises of operating the Business and/or the Non-ACF Businesses, but have not included any manufacturing of furniture through its “MacTavish Furniture Industries” division or otherwise.