Lease of Property Term of Lease Sample Clauses

Lease of Property Term of Lease. Section 1.01. Landlord, for and in consideration of the rents to be paid and of the covenants and agreements hereinafter contained to be kept and performed by Tenant, hereby leases to Tenant, and Tenant hereby hires from Landlord, that certain parcel of land consisting of over thirty (30) acres of real property, more particularly described in Exhibit A hereto, together with the buildings and all improvements located thereon, and all rights, privileges, easements, appurtenances and immunities belonging to or in any way pertaining to the aforesaid real property, commonly known and designated as 500 Xxxxxxxx Xxxxxx, Xxxxxxxx, Xxxxxxxxxxx 00000 ( xhe "Premises") subject to the exceptions listed on Exhibit A-1; reserving, however, to the Landlord the right to go upon the Premises for purposes of discharging and performing Landlord's environmental remediation and environmental auditing obligations and responsibilities as more specifically set forth in that certain Asset Purchase Agreement dated of even date herewith between Landlord, Aerospace Parts Security, Inc., The Suisxxx Xxxanium Corporation, Michxxx Xxxxxxx, Xxtal Management, Inc. and Tenant (the "Asset Purchase Agreement") and as further set forth in this Lease.
Sample 1
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Lease of Property Term of Lease. SECTION 1.01. Landlord, in consideration of the rents, covenants, agreements, and conditions herein set forth which Tenant hereby agrees shall be paid, kept, and performed by Tenant, does hereby lease, let, demise, and rent exclusively unto Tenant, and Tenant does hereby rent and lease from Landlord, the following described premises: A tract of land containing 15.0633 acres, and being Parcel Two of Parcel Map 5112, filed September 29, 1987 in Book 122 of Parcel Maps, Pages 11 through 14, inclusive, Alameda County Records.
Sample 1
Lease of Property Term of Lease. 1.1 Landlord hereby leases to Tenant and Tenant hereby hires from Landlord, subject to all the terms, conditions and covenants herein contained, (a) all that certain tract or parcel of land located in Madison, Dane County, Wisconsin (the "Land"), more particularly described in Exhibit A annexed hereto and made a part of this lease, and (b) the Building and Improvements (as such terms are hereinafter defined) to be constructed by Landlord on the Land in accordance with the plans and specifications described in Exhibit B annexed hereto and made a part of this lease, together with and subject to the easements, rights, privileges and other benefits described in Exhibit C annexed hereto and made a part or this lease. The Demised Premises are leased subject only to the permitted exceptions (the "Permitted Exceptions") described in Exhibit D annexed hereto and made a part of this lease. The Land, the Building and Improvements and the matters described in Exhibit C are hereinafter collectively referred to as the "Demised Premises". Each party hereby expressly covenants and agrees to keep, observe and perform all of the covenants and conditions contained herein on the part of such party to be kept, observed and performed.
Sample 1
Lease of Property Term of Lease. Landlord, for and in consideration of the rents to be paid and of the covenants and agreements hereinafter contained to be kept and performed by Tenant, hereby leases to Tenant, and Tenant hereby hires from Landlord, all those certain plots, pieces or parcels of land situated, lying and being in Kansas City, Kansas, lying beneath the identified Improvements and described in Appendix A, attached hereto and made part of this Lease; together with all right, title and interest, if any, of Landlord in and to any improvements now or hereafter located on said land, and any easements, licenses, privileges, rights and appurtenances related thereto. TO HAVE AND TO HOLD the same, subject as aforesaid, for a term commencing on February 1, 1988, (the “Commencement Date”) and ending December 31, 1997, or such later date as contemplated in Article 12 hereof, upon and subject to the covenants, agreements, terms, provisions and limitations hereinafter set forth, all of which Tenant covenants and agrees to perform and observe.
Sample 1
Lease of Property Term of Lease. Section 2.1 Demise of Property; Term ..................................... 35 Section 2.2 Condition of Property ........................................ 37 Section 2.3 Waiver of Right to Rescind ................................... 37 ARTICLE III CHARGES AND FEES Section 3.1 PILOT ........................................................ 38 Section 3.2 Retail Space Percentage Rent ................................. 41 Section 3.3 Sales Tax Savings; PILOST .................................... 43 Section 3.4 Exemption from Mortgage Recording Tax; PILOMRT ............... 45 Section 3.5 Theater Surcharge ............................................ 46 Section 3.6 Administrative Fee ........................................... 47 Section 3.7 Prorations; Overdue Amounts .................................. 47 Section 3.8 No Joint Venture ............................................. 48 Section 3.9 All Charges Treated as Rent .................................. 48 Section 3.10 Payments ..................................................... 48 Section 3.11 Net Lease .................................................... 48 Section 3.12 No Offset .................................................... 48 Section 3.13 Books and Records ............................................ 49 Section 3.14 Illegality ................................................... 50 Section 3.15 Administrative Code Section 11-208.1 ......................... 51 Section 3.16 Survival ..................................................... 51 Section 3.17 Existing Violations .......................................... 51 Section 3.18 End of NYTC Benefits ......................................... 51 ARTICLE IV IMPOSITIONS Section 4.1 Impositions .................................................. 52 Section 4.2 Payment ...................................................... 52 Section 4.3 Right to Contest ............................................. 52 ARTICLE V PURCHASE OPTION Section 5.1 Purchase Option ............................................... 55 Section 5.2 Casualty to, or Condemnation of, the Property ................. 57 Section 5.3 Termination of Right to Purchase .............................. 57 Section 5.4 Survival of Certain Obligations ............................... 57
Sample 1
Lease of Property Term of Lease. Section 1.01. For and in consideration of the rents to be paid and the covenants and agreements herein contained, Landlord hereby leases to Tenant and Tenant hereby hires from Landlord, subject to all of the terms, conditions and covenants herein contained, 43,920 rentable square feet of space (the “Premises”) in the building commonly known as Building 100 at the facility known as Gwinnett Xxxxxxx Business Distribution Center, with a street address at 0000 Xxxxx Xxxx, Duluth, Georgia 30136 (the “Park”). A floor plan of the Premises is attached hereto as Exhibit A. The Premises are designated as Suite 145 in Building 100. Together with the non-exclusive right for the term of this Lease to use all Common Areas (as hereinafter defined), including those parking spaces contiguous to the Building which exist on the date hereof, which parking spaces, along with the parking spaces which are to be constructed by Landlord in accordance with Section 5.03 hereof, are hereinafter collectively referred to as the “Parking Areas.” The Building, the other buildings in the Park and the Common Areas and Parking Areas forming a part thereof are as shown on the site plan (the “Site Plan”) of the Park annexed hereto as Exhibit B; Subject, however, to the Declaration of Easements and Covenants For Gwinnett Xxxxxxx Distribution Center, Xxxxxx County, Georgia, filed and recorded February 23, 1990, in Book 5899, Page 220, in the Office of the Clerk of the Superior Court, Xxxxxx County (the “Declaration”), and to such other agreements, easements, mortgages, encumbrances and other liens or charges affecting the Building and the Common Areas as are listed on Exhibit C hereto (collectively, the “Permitted Encumbrances”).
Sample 1
Lease of Property Term of Lease 
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Related to Lease of Property Term of Lease

  • Lease of Property For Lease Term Landlord leases the Property to Tenant and Tenant leases the Property from Landlord for the Lease Term. The Lease Term is for the period stated in Section 1.05 above and shall begin and end on the dates specified in Section 1.05 above, unless the beginning or end of the Lease Term is changed under any provision of this Lease. The "Commencement Date" shall be the date specified in Section 1.05 above for the beginning of the Lease Term, unless advanced or delayed under any provision of this Lease.

  • Term of Lease This Lease shall commence 1st day of May, 2022 to 30th day of April, 2023, unless renewed or extended pursuant to the terms herein.

  • Term of Leases All Leases for residential dwelling units with respect to the Mortgaged Property satisfy each of the following conditions:

  • Lease of Premises for Lease Term Landlord hereby leases the Premises to Tenant, and Tenant hereby rents the Premises from Landlord, for the Term and subject to the conditions of this Lease.

  • Lease of Property Landlord, for and in consideration of the covenants and agreements herein contained on the part of Tenant to be paid, kept, observed, and performed, hereby leases to Tenant, and Tenant hereby leases from Landlord for the Term (as hereinafter defined), the Property. Tenant’s use of the Property shall be in compliance with the terms of this Lease.

  • Initial Lease Term The terms and provisions of this Lease shall be effective as of the date of this Lease except for the provisions of this Lease relating to the payment of Rent. The term of this Lease (the “Lease Term”) shall be as set forth in Section 3.1 of the Summary, shall commence on the date (the “Lease Commencement Date”) that is the earlier to occur of (i) the date Tenant commences to conduct business in any portion of the Premises, and (ii) the of “Substantial Completion”, as that term is defined in this Article 2, of the Premises by Landlord, and shall terminate on the date determined in accordance with Section 3.3 of the Summary (the “Lease Expiration Date”) unless this Lease is sooner terminated as hereinafter provided. For purposes of this Lease, “Substantial Completion” of the Premises shall occur upon the completion of construction, as reasonably determined by Landlord, of the “Tenant Improvements,” as that term is defined in the Tenant Work Letter, in the Premises pursuant to the plans and drawings which are prepared and approved pursuant to the terms of the Tenant Work Letter and the issuance of a temporary certificate of occupancy or legal equivalent, with the exception of any Punchlist Items (as defined below) and any Tenant fixtures, work-stations, built-in furniture, or equipment to be installed by Tenant or under the supervision of Contractor (as defined in Section 3 of the Tenant Work Letter). “Punchlist Items” shall mean only commercially reasonable punchlist items, the non-completion of which does not prevent the issuance of a temporary certificate of occupancy or legal equivalent or unreasonably interfere with Tenant’s use or occupancy of the Premises, and which punchlist items shall be corrected promptly by Landlord (within thirty (30) days following Landlord’s receipt of written notice thereof from Tenant) without unreasonable interference with Tenant’s use of or access to or from the Premises. It is anticipated that the Lease Commencement Date will occur within sixteen (16) weeks after mutual execution of this Lease (such date, the “Target Commencement Date”), but this Lease shall not be void, voidable or subject to termination, nor shall Landlord be liable to Tenant for any loss or damage, resulting from Landlord’s inability to deliver the Premises to Tenant by any particular date, except as hereinafter provided. Notwithstanding anything to the contrary in this Lease, if the Lease Commencement Date does not occur within 60 days after the Target Commencement Date, other than due to Tenant Delay (as defined in the Tenant Work Letter) or Force Majeure, then Tenant, at its option, may terminate this Lease by written notice to Landlord given at any time after the expiration of such 60-day period but before the Lease Commencement Date actually occurs. In the event of such termination by Tenant, the first month’s Base Rent, Tenant’s Share of Direct Expenses paid by Tenant and the Security Deposit shall be fully refunded to Tenant (subject to Landlord’s right to draw upon such Security Deposit as provided in Article 21 below) and neither party shall have any further obligations hereunder. At any time during the Lease Term, Landlord may deliver to Tenant a notice in the form as set forth in Exhibit “C”, attached hereto, as a confirmation only of the information set forth therein, which Tenant shall (absent manifest error) execute and return to Landlord within five (5) business days of receipt thereof.

  • Extension of Lease Term The Original Lease Term is hereby extended for a period of eighteen (18) months continuing through and including November 30, 2022 (the “Extension Term” and the Original Lease Term as so extended by the Extension Term, the “Lease Term”).

  • Lease of Premises Landlord hereby leases to Tenant and Tenant hereby leases from Landlord the Premises for the Term and upon the terms, covenants and conditions provided in this Lease.

  • Use of Leased Premises The Leased Premises are to be used by Tenant solely for the Permitted Use and for no other purposes without the prior written consent of Landlord.

  • DEMISE OF LEASED PREMISES Landlord hereby leases to Tenant and Tenant hereby leases from Landlord for Tenant's own use in the conduct of Tenant's business and not for purposes of speculating in real estate, for the Lease Term and upon the terms and subject to the conditions of this Lease, that certain interior space described in Article 1 as the Leased Premises, reserving and excepting to Landlord the right to fifty percent (50%) of all assignment consideration and excess rentals as provided in Article 7 below. Tenant's lease of the Leased Premises, together with the appurtenant right to use the Outside Areas as described in Paragraph 2.2 below, shall be conditioned upon and be subject to the continuing compliance by Tenant with (i) all the terms and conditions of this Lease, (ii) all Laws governing the use of the Leased Premises and the Property, (iii) all Private Restrictions, easements and other matters now of public record respecting the use of the Leased Premises and Property, and (iv) all reasonable rules and regulations from time to time established by Landlord. Notwithstanding any provision of this Lease to the contrary, Landlord hereby reserves to itself and its designees all rights of access, use and occupancy of the Building roof, and Tenant shall have no right of access, use or occupancy of the Building roof except (if at all) to the extent required in order to enable Tenant to perform Tenant's maintenance and repair obligations pursuant to this Lease.

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