Subleased Portion definition

Subleased Portion means the portion of the Facility subleased to Buyer under the terms of the Sublease.
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Examples of Subleased Portion in a sentence

  • The Head-lease Premises (including the Subleased Portion) was under renovation from August 2016 to September 2016 and therefore, the Subleased Portion was not actually occupied for use until October 2016.

  • The total value of right-of-use assets to be recognized by the Group in respect of the lease of the Hong Kong Subleased Portion is approximately HK$7.65 million (unaudited) and in respect of the lease of the Shenzhen Premises is approximately RMB1.02 million (unaudited).

  • Except as contemplated by Section 2.03, Buyer shall not assume, nor shall it agree to pay, perform or discharge, any Liability of Seller or any Affiliate of Seller, whether or not arising from or relating to the conduct of the Business or the Facility (other than the Subleased Portion) and whether absolute, contingent, accrued, known or unknown (the “Excluded Liabilities”).

  • In contemplation of the increasing volume of such business activities, the Company started to share the Subleased Portion from the Sublessor as one of the Group’s office premises, in view of the favourable location (which is located close to the central business district of Hong Kong), size and management quality of the Subleased Portion.

  • Save for the accrued rent for the period from the Commencement Date to 9 May 2017, there was no historical transaction between the Group and the Sublessor in relation to the renting of the Subleased Portion.

  • The Facility (other than the Subleased Portion) has been sufficient for the ordinary and customary operation of the Business as currently conducted by Seller.

  • The Board wishes to announce that on 10 May 2017, the Company entered into the Sublease Agreement with the Sublessor, pursuant to which the Sublessor agreed to sublet to the Subleased Portion for a term of two years commencing from the Commencement Date, which corresponds to the original lease term of the Head Lease.

Related to Subleased Portion

  • Leased space means the individual storage space at the self-service facility which is rented to an occupant pursuant to a rental agreement.

  • Subleased Premises means all that portion of the Leased Premises referred to as airport lot as outlined on the site diagram attached as Schedule "A" to this Sublease; and

  • Leased Property shall have the meaning given such term in Section 2.1.

  • Base Lease means the Base Lease Agreement by and between the City and the Corporation to be dated as of the date of its delivery, as the same may be amended or supplemented from time to time.

  • car-share parking space means a parking space exclusively reserved and signed for a car used only for car-share purposes;