Examples of Surrendered Premises in a sentence
Pursuant to the Surrender Agreements, TSO shall surrender the Surrendered Premises under the Third Existing Tenancy Agreement and the Ninth Existing Tenancy Agreement to ORL and Marina respectively on 30 June 2017.
The Parties shall from time to time agree to modifications to the drawings identified as “Final Delta Lease Line” on Exhibit 6 (Delta Leasehold) as necessary to reflect the final lease lines following the surrender of any Surrendered Premises in accordance with this Section 2(c).
For the purposes of this Section 7.2 only, the term “Premises” shall mean (a) from the Execution Date through April 19, 2011, the Original Premises (eleven thousand seven hundred twenty-seven (11,727) square feet of Rentable Area) and (b) from and after April 20, 2011, the Original Premises less the Surrendered Premises (eleven thousand thirty-four (11,034) square feet of Rentable Area).
As the Group’s repair centre originally located at the Surrendered Premises will be relocated and merged with another repair centre of the Group located in Ginza Plaza, TSO no longer needs the Surrendered Premises as its repair centre and therefore entered into the Surrender Agreement to surrender the Surrendered Premises.
Nothing in this Amendment shall be deemed to affect annual base rent or Subtenant’s proportionate share of additional rent applicable to the Surrendered Premises and attributable to the portion of the term ending on the Effective Date.