Examples of Leased Property in a sentence
Xxxxxx shall have the obligation to operate and maintain the stormwater improvement features constructed pursuant to Paragraph 1 in good working order and safe condition for its own benefit and for the benefit of the City, including utilizing such facilities to pump and convey excess stormwater from Pond 1 to Pond 2 or 3, until such time as the Leased Property is no longer leased by Xxxxxx.
If the Leased Property forms part of a building or complex of buildings, the above-mentioned provisions shall apply also to the specified costs in relation to the building or complex of buildings containing the Leased Property, such as work on communal systems, spaces and other communal facilities, all this pro rata.
In this connection, the Lessee shall pay due attention to existing restricted rights, qualitative obligations and any requirements imposed or to be imposed (including requirements relating to the Lessee’s business, the use of the Leased Property and everything present within the Leased Property) by the government or utility companies.
Xxxxxx’x rights and obligations under Paragraphs 1, 2 and 3 will continue until the expiration or termination of Xxxxxx’x lease (now in effect or entered into in the future with the City) of the Leased Property, at which point this Agreement will terminate (“Term”).
Xxxxxx shall have the right to operate and maintain in good working order and safe condition the stormwater improvement features identified in Paragraph 1 and to use Ponds 2 and 3 on the Subject Property to receive and retain stormwater overflow from Pond 1 and from the Leased Property.