the Assumptions definition
the Assumptions means the following assumptions at the relevant Review Date:
the Assumptions mean the following assumptions (if not facts) at the ----------------- Relevant Review Date:-
1.3.1 that the Demised Premises are ready and available for immediate occupation and use by the Tenant and may be lawfully used by any person for any of the purposes permitted by this Lease;
1.3.2 that no work has been carried out to the Demised Premises by the Tenant, any undertenant or their respective predecessors in title during the Term, which has diminished the rental value of the Demised Premises;
1.3.3 that if the Demised Premises or any part or parts of the Building have been destroyed or damaged, they have been fully rebuilt and reinstated;
1.3.4 that the Demised Premises are in a good state of repair and decorative condition;
1.3.5 that all the covenants on the part of the Tenant contained in this Lease have been fully performed and observed.
1.3.6 that the net lettable floor area of the Demised Premises is [ ] unless the Demised Premises has been damaged or destroyed by the Insured Risks and reinstated by the Landlord pursuant to the obligations on its part in clause 6.3 hereof and on such reinstatement the net lettable floor area (determined in accordance with the Measuring Practice Notes of the Society of Chartered Surveyors) is less.
the Assumptions means the following assumptions:
S3.1.1.1 no work has been carried out on the Property during the Term which has diminished the rental value of it; and
S3.1.1.2 if the Property has been destroyed or damaged it has been fully restored; and
S3.1.1.3 the covenants contained in this lease have been fully performed and observed; and
S3.1.1.4 the Property is available to let by a willing landlord to a willing tenant by one lease without a premium being paid by either party and with vacant possession and subject to the provisions of this Lease (other than the amount of the rent but including the provisions for rent review) as varied by any deed of variation or licence issued by the Landlord for a term equal to the Term but commencing on the relevant Review Date; and
S3.1.1.5 the Property is ready for and fitted out and equipped for immediate occupation by the willing tenant and that all the services required for such occupation and use are connected to the Property; and
S3.1.1.6 the Property may be used for any use permitted by this Lease including any use which the Landlord may not unreasonably refuse to permit and any use permitted under the Planning Acts; and
S3.1.1.7 at the end of the Term the Lease will be renewed pursuant to the 1954 Act; and
S3.1.1.8 any rent free or reduced rent period or reverse premium or other inducements or concessions that a willing landlord might give to a tenant in the open market at the relevant Review Date has already expired.
Examples of the Assumptions in a sentence
The Parties agree that amended Offer Letters may, from time to time, need to be developed and issued by the Company to deal with any changes which may arise from a failure of the Assumptions or arising from the Charges (including Pass Through Charges) and Security or a policy change by the CER.
Using the above assumptions and the other assumptions contained on the Assumptions Summary (Attachment A), the Educational Services Company shall prepare the present value calculations for each eligible Teacher.
These and other interest rate assumptions are contained in the Assumptions Summary (Attachment A), which is attached hereto and incorporated as a part of this Agreement.
Accordingly, we have not reviewed, considered or conducted any work on the reasonableness and the validity of the Assumptions and do not express any opinion whatsoever thereon.
Your attention is also directed to the Assumptions and Limiting Conditions that follow this letter, as they are an integral part of the above stated market value.
More Definitions of the Assumptions
the Assumptions mean the following assumptions at the relevant Review Date.
(a) that the Premises are fit for and fitted out and equipped for immediate occupation and beneficial use and that no work has been carried out on the Premises by the Lessee its sub-tenants or their predecessors in title which has diminished the rental value of the Premises and that if the Premises have been destroyed or damaged they have been fully restored
(b) that the Premises are available to let on the relevant Review Date for a term equal to the unexpired residue at such Review Date of the Term by a willing landlord to a willing tenant as a whole with vacant possession without a premium upon the terms conditions covenants and provisions of this Lease and of any licence granted thereunder other than the amount of the rent first hereinbefore reserved
(c) that the covenants contained in this Lease have been fully performed and observed
(d) that any planning consent authorising the use or construction of the Premises under the Planning Acts contains no restriction as to the SS/C6781/5865(b)/31.3.14
the Assumptions means the following assumptions at the relevant Review Date 1.
3.1 That no work has been carried out on the Premises by the Tenant or its sub-Tenants during the Term which has diminished the rental value of the Premises
the Assumptions mean the following assumptions at the relevant Review Date.
(a) that the Premises are fit for and fitted out and equipped for immediate occupation and beneficial use and that no work has been carried out on the Premises by the Lessee its sub-tenants or their predecessors in title prior to or during the Term which has diminished the rental value of the Premises and that if the SS/E6438/5708a/20 02 2012 Premises have been destroyed or damaged they have been fully restored
(b) that the Premises are available to let on the Review Date for a term equal to the unexpired residue at such Review Date of the Term by a willing landlord to a willing tenant as a whole with vacant possession without a premium upon the terms conditions covenants and provisions of this Lease and of any licence granted thereunder other than the amount of the rent first hereinbefore reserved
(c) that the covenants contained in this Lease have been fully performed and observed
(d) that any lessee can obtain in respect of Value Added Tax charged on the rent or other sums payable under this Lease a credit for the same as allowable input tax.
(e) that the Premises may be used for the Specified Use and/or any purpose falling within Class Al of the Town and Country Planning (Use Classes) Order 1987 as amended by the Town and Country Planning (Use Classes) (Amendment) (England) Order 2005 as originally enacted
(f) that any planning consent authorising the use or construction of the Premises under the Planning Acts contains no restriction as to the name or type of occupier of the Premises nor any limitation in time and that the use permitted by this Lease in respect of the Premises is fully permitted under the Planning Acts without restriction.
(g) that any rent free period or period at a concessionary rent which it might then be the practice in the market to give to a tenant on a new letting with vacant possession to allow for the time required within which to complete the tenant's initial fitting out works, has expired
the Assumptions. “The Assumptions” means
1.2.1 the assumption that no work has been carried out on the Premises during the Term by the Tenant his subtenants or their predecessors in title that has diminished the rental value of the Premises other than work carried out in compliance with clause 5.7.
1.2.2 the assumption that if the Premises have been destroyed or damaged they have been fully rebuilt or reinstated.
1.2.3 the assumption that the covenants contained in this Lease on the part of the Tenant have been fully performed and observed.
1.2.4 the assumption that the Premises are available to let by a willing Landlord to a willing Tenant in the open market by one Lease (“the Hypothetical Lease”) without a premium being paid by either party and with vacant possession.
1.2.5 the assumption that the Premises have already been fitted out and equipped by and at the expense of the incoming tenant so that they are capable of being used by the incoming tenant from the beginning of the Hypothetical Lease for all purposes required by the incoming tenant that would be permitted under this Lease.
1.2.6 the assumption that the Hypothetical Lease contains the same terms as this Lease except the amount of the Initial Rent and any rent-free period allowed to the Tenant for fitting out the Premises for his occupation and use at the commencement of the Term but including the provisions for rent review on the Review Dates and except as set out in subparagraph 1.2.7.
1.2.7 the assumption that the term of the Hypothetical Lease is equal in length to the Contractual Term and that such term begins on the relevant review date that the rent commences to be payable on that date and that the years during which the Tenant covenants to decorate the Premises are at the same intervals after the beginning of the term of the Hypothetical Lease as those specified in this Lease.
1.2.8 the assumption that the Hypothetical Lease will be renewed at the expiry of its term under the provisions of the 1▇▇▇ ▇▇▇.
1.2.9 the assumption that every prospective willing Landlord and willing Tenant is able to recover VAT in full.
the Assumptions mean the following assumptions at the Review Date:
(a) that no work has been carried out on the Premises by or with the actual or tacit consent of the Tenant its sub-tenants or their predecessors in title during the Term which had diminished the rental value of the Premises and if the Premises have been destroyed or damaged that they have been fully restored,
(b) that the Premises are available to let by a willing Landlord to a willing tenant without a premium but with vacant possession and subject to the provisions of this Lease (other than the amount of the Rent but including the provisions for rent review at similar intervals as those in this Lease) for a term of ten years and subject also to the provisions of the 1954 Act, and
(c) that the covenants contained in this Lease on the part of the Tenant and the Landlord have been fully performed and observed;
(d) that the Premises are fitted out in accordance with an office specification attached hereto and fully completed with good quality carpets. For the avoidance of doubt the carpets are a Landlords fixture
the Assumptions mean the following assumptions (if not facts) at the Relevant Review Date:-
1.3.1 that the Demised Premises are ready and available for immediate occupation and use by the Tenant and may be lawfully used by any person for any of the purposes permitted by this Lease;
1.3.2 that no work has been carried out to the Demised Premises by the Tenant, any undertenant or their respective predecessors in title during the Term, which has diminished the rental value of the Demised Premises;
1.3.3 that if the Demised Premises or any part or parts of the Building have been destroyed or damaged, they have been fully rebuilt and reinstated;
1.3.4 that the Demised Premises are in a good state of repair and decorative condition;
1.3.5 that all the covenants on the part of the Tenant contained in this Lease have been fully performed and observed.
the Assumptions means the following assumptions at the Review Date
7.1.3.1 That no work has been carried out on the Premises by the Tenant or any sub-tenant which has diminished the rental value of the Premises save where such work has been carried out pursuant to clauses 4.9 and 4.42 and/or any corresponding clauses in any underlease
7.1.3.2 That if the Premises have been destroyed or damaged by any of the insured risks referred to in clause 5.3.1 that they have been fully restored
7.1.3.3 That the covenants contained in this Lease on the part of the Tenant have been fully observed and performed
7.1.3.4 That the Premises are available to let by a willing landlord ("Willing Landlord") to a willing tenant ("Willing Tenant") by one lease without a fine or premium being paid by either party and with vacant possession
7.1.3.5 That the Premises are ready and fit for possession and to be fitted out and equipped to render them ready for use for the purpose or purposes required by the Willing Tenant
7.1.3.6 That the lease referred to in paragraph 7.