Subject Premises definition
Examples of Subject Premises in a sentence
For purposes of the preceding sentence, "FCCR Amount" means that sum of money which, when subtracted from the outstanding principal amount of the Note corresponding to a Subject Premises, and assuming the resulting principal balance is reamortized in equal monthly payments over the remaining term of such Note at the rate of interest set forth therein, will result in an adjusted aggregate Fixed Charge Coverage Ratio for all of the Premises of at least 1.25:1 based on the prior year's operations.
The Tenant shall have 30 days after notice to declare in writing to Owner an interest in purchasing the Subject Premises.
While this Lease is in effect, Lessee shall be entitled to exclusive possession of the Subject Premises, except that Lessors and their representatives, successors and assigns, at any reasonable time, may go upon the Subject Premises to inspect the operations of Lessee thereon.
Such temporary authorization shall terminate on the earlier of: (1) one year from the date first set forth above; (2) a change in ownership of the Subject Premises; (3) the earlier termination of this Agreement by either party, with or without cause, upon written notice to the other party; or (4) the granting of final consent (“Final Consent”) pursuant to Section II(C) below.
Within a reasonable time, not to exceed six (6) months, following the termination of this Lease for any cause, Lessee shall furnish to Lessors a copy of its factual maps, drilling records, drill core and assay and smelter reports relating to the Subject Premises.