Occupational Lease definition

Occupational Lease means any lease or licence or other right of occupation to which any property leased, occupied or otherwise in the possession of any member of the Group may be subject from time to time.

Occupational Lease means any agreement for lease or for licence or any occupational lease or licence to which the Property may be subject from time to time

Occupational Lease means any occupational lease or licence or other right of occupation to which the Retail Properties (or any part of the Retail Properties) and/or the ArtScience Museum (or any part of the ArtScience Museum) may be subject from time to time.

Examples of Occupational Lease in a sentence

• Right of renewal The Occupational Tenant has the benefit of a right to renew each Occupational Lease at the expiry of the contractual term on the Occupational Lease Maturity Date, with a further right to take two further renewal leases, each for a term of 10 years (30 further years in total).

• Landlord's covenants The landlord gives a covenant for quiet enjoyment and where relevant to pay the rent reserved by and comply with the terms of any superior lease in so far as they are not to be observed and performed by the Occupational Tenant under the Occupational Lease.

• The rent is subject to increase arising from an Alteration funded by the relevant Occupational Tenant under the provisions of the Substitution Agreement in an amount equal to the corresponding increase in the rent payable under the Occupational Lease in respect of that Alteration.

• Occupational Lease means any lease, agreement for lease, license or other occupational interest subject to which the Borrower's interest in the Property is held now or in the future including any guarantee and rent deposit arrangements entered into under the terms of them.

• Superior lease The Occupational Tenant covenants to perform and observe the Landlord's obligations in any superior lease (including the relevant Headlease) save those relating to the payment of principal rent and other sums due under such superior lease (albeit such sums are recoverable from the Occupational Tenant as additional rent pursuant to the Occupational Lease).

More Definitions of Occupational Lease

Occupational Lease means each OpCo Lease and any other lease or licence or other right of occupation granted by the Company or right of the Company to receive rent to which a Property may at any time be subject.

Occupational Lease means any lease or licence or other right of occupation or right to receive rent to which a Freehold Property may at any time be subject (but excluding any natural person’s right to occupy a Freehold Property arising under a Care Contract and any other right of occupation of a patient or resident).

Occupational Lease means any the lease dated 16th April 2002 between Prologis (Coventry) Limited, Capita Business Services Limited as tenant and Capita Group plc as guarantor and/or any other lease, underlease, tenancy or licence to which any of the Borrower’s interests in the Property is now or in the future in reversion and such expression shall include any variation from time to time thereto and any documents from time to time supplemental thereto and “Occupational Leases” shall be construed accordingly;

Occupational Lease means any lease of all or any part of any Property entered into with the Occupational Tenant by the Borrower.

Occupational Lease means any lease pertaining to occupation of any of the Property where you are landlord, whether or not the lessee is actually in occupation.

Occupational Lease means the Principal Occupational Lease and any lease, sub-lease or licence or other right of occupation to which all or any part of any Property may be subject from time to time and any supplemental documents thereto.

Occupational Lease. ’ means any occupational lease or licence or other right of occupation to which the relevant Property may be subject from time to time.