Tenant Option definition

Tenant Option. As defined in Section 1.6(a).
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Examples of Tenant Option in a sentence

  • In addition, to the extent that Landlord maintains any policy(ies) of comprehensive general public liability insurance with respect to the Common Areas relating to any Tenant Option Property, Landlord shall name Tenant as an additional insured on each such policy as to all matters arising with respect to such Common Areas from and after the Partial Property Termination Date (if any) with respect to such Tenant Option Property.

  • The foregoing exclusions shall not apply to any sales, use, transfer, recording and similar Taxes related to or arising out of Tenant’s Property or any Alterations which Tenant elects or is required to remove in accordance with the terms hereof or any termination of this Lease pursuant to or as a result of any Tenant Option.

  • All salvage resulting from any risk covered by insurance for damage or loss to the Landlord Retained Portion, the Common Areas or the Tenant Option Property generally, as applicable, shall belong to Landlord.

  • If any Other Installment Expense Statement shows that Tenant’s estimated payments of Other Installment Expenses with respect to such Tenant Option Property were less than Tenant’s actual obligations for such Other Installment Expenses for the preceding calendar year (or the applicable portion thereof), then Tenant shall pay the difference to Landlord within forty-five (45) days after Landlord’s delivery of such Other Installment Expense Statement.

  • With respect to any alarm system installed following the Commencement Date, Tenant shall be solely responsible for connecting such alarm system with Tenant’s own electrical systems and shall not in any way connect, tie into or otherwise append such alarm system to the alarm system for any other property (including, from and after the Partial Property Termination Date with respect to any Tenant Option Property, the Landlord Retained Portion thereof).

  • Within seventy-five (75) days after the end of each calendar year during which Tenant made deposits under this Section 4.4, Landlord shall furnish Tenant with a written statement of the actual amount of Tenant’s Proportionate Share of the Impositions with respect to such Tenant Option Property (a “Tax Statement”) and a copy of any and all tax bills and statements received from the taxing authority which serve as a basis for the determination of such Impositions and Tenant’s Proportionate Share thereof.

  • Provided that no Disabling Event exists, Tenant hereby reserves the right to join Landlord in any such adjustment, collection or compromise of an insurance claim (at its sole cost and expense) solely to the extent that such claim relates to the Tenant Retained Portion of the applicable Tenant Option Property.

  • In accordance with applicable Connecticut statutes, Landlord and Tenant agree to execute and acknowledge a Memorandum of Lease that refers to this Lease and that certain Option Agreement, dated of even date herewith between Landlord and Tenant ("Option Agreement") granting Tenant an option to purchase the Premises, which Memorandum of Lease will be recorded in accordance with the laws governing and regulating the recording of such documents in the State of Connecticut.

  • Such Tenant Option Notice shall state that Tenant exercises such option and state Tenant's determination of Fair Market Rent.

  • If leased by Tenant, Option Space 3 will be leased in accordance with the terms below.

Related to Tenant Option

  • Grave space means a space of ground in a cemetery that is used or intended to be used for an in-ground burial.

  • the Landlord means the party named on the first page of this Agreement and any successor and any person who has an interest as heritable proprietor in The Property, even if not named in this Agreement. The Landlord agrees to inform The Agent, in writing, of any changes to ownership of The Property, contact telephone numbers, postal or e-mail addresses as soon as possible and in any event within 7 days of the change.

  • Tenant means a person entitled under a rental agreement to occupy a dwelling unit to the exclusion of others.

  • Leased Premises means the premises which are material to the Company or any Subsidiary and which the Company or any Subsidiary occupies or proposes to occupy as a tenant, sub-tenant or occupant;

  • the Premises means the building or part of the building booked and referred to in the contract