Examples of Subleased Property in a sentence
Any additions, modifications, or improvements so authorized shall be made at the Department’s sole expense, and shall thereafter comprise part of the Subleased Property and be subject to the provisions of this Sublease.
The Department shall use, or cause to be used, the Subleased Property in a careful and proper manner, in compliance with all applicable laws and regulations, and, at its sole expense, shall service, repair, maintain and insure, or cause to be serviced, repaired, maintained and insured, the Subleased Property so as to keep the Subleased Property in good condition, repair, appearance and working order for the purposes intended, ordinary wear and tear excepted.
The Board of Education and the Department agree that they will, from time to time, execute, acknowledge and deliver, or cause to be executed, acknowledged and delivered, such supplements hereto and such further instruments as may reasonably be required for correcting any inadequate or incorrect description of the Subleased Property hereby leased or intended so to be, or for otherwise carrying out the intention hereof.
The Sub- Lessor has appointed the Sub-Lessee as administrator of a portion of the sub-leasable area of the Medtecs Compound, which is the rest of the property in the MedtecsCompound not specifically covered by the Subleased Property (the “Additional Compound”) and the Sub-Lessee is to pay a monthly consideration of US$21,820.00 each month during the term of the Agreement, which will be subject to a 2% annual escalation for the term of the Agreement.
Any improvements remaining on the Subleased Property upon termination will revert to the Sub Landlord and will be free of any encumbrance at the time of such reversion.