Common use of Absolute Net Lease Clause in Contracts

Absolute Net Lease. Except as provided in Section 3.4, this Lease shall be deemed and construed to be a “absolute net lease” and, except as herein expressly provided, the Landlord shall receive all payments required to be made by Tenant, free from all charges, assessments, impositions, expenses, deductions of any and every kind or nature whatsoever. Landlord shall not be required to furnish any services or facilities or to make any repairs, replacements, or alterations of any kind in or on the Premises except as specifically provided herein. Tenant shall receive all invoices and bills relative to the Premises and, except as otherwise provided herein, shall pay for all expenses directly to the person or company submitting a xxxx without first having to forward payment for the expenses to Landlord. Tenant shall at Tenant’s sole cost and expense be responsible for the management of the Premises, shall maintain the landscaping, parking lot and shall make those additional repairs and alterations required of Tenant hereunder to maintain the property in first class condition.

Appears in 2 contracts

Samples: Lease Agreement, Lease Agreement (NPS Pharmaceuticals Inc)

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Absolute Net Lease. Except as provided in Section 3.4After the Term Commencement Date, this Lease shall be deemed and construed to be a an “absolute net lease” and, except as herein expressly provided, and the Landlord shall receive all payments required to be made by Tenant, Tenant free from all charges, assessments, impositions, expenses, deductions of any and every kind or nature whatsoever. Landlord shall not be required to furnish any services or facilities or to make any repairs, replacements, or alterations of any kind in or on the Premises Premises, except as specifically provided hereinfor the construction of the Building Improvements in accordance with this Lease. Tenant shall receive all invoices and bills relative to the Premises and, except as otherwise provided herein, shall pay for all expenses directly to the person or company submitting a xxxx without first having to forward payment for the expenses to Landlord. Tenant shall at Tenant’s sole cost and expense be responsible for the management of the Premises, shall maintain the landscapinglandscaping and parking lot, parking lot and shall make those all additional repairs and alterations as required of Tenant hereunder to maintain the property Premises in first class condition.

Appears in 1 contract

Samples: Lease Agreement (Isis Pharmaceuticals Inc)

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Absolute Net Lease. Except as provided in Section 3.4, this This Lease shall be deemed and construed to be a an “absolute net lease” and, except as herein expressly provided, the Landlord shall receive all payments required to be made by Tenant, free from all charges, assessments, impositions, expenses, deductions of any and every kind or nature whatsoever. Except as otherwise expressly provided in this Lease, Landlord shall not be required to furnish any services or facilities or to make any repairs, replacements, or alterations of any kind in or on the Premises except as specifically provided hereinPremises. Tenant shall receive all invoices and bills relative to the Premises and, except as otherwise provided herein, shall pay for all expenses directly to the person or company submitting a xxxx without first having to forward payment for the expenses to Landlord. Tenant shall at Tenant’s sole cost and expense be responsible for the management of the Premises, shall maintain the landscaping, parking lot and shall make those all additional repairs and alterations as required of Tenant hereunder to maintain the property in first class condition.

Appears in 1 contract

Samples: Lease Agreement (Isis Pharmaceuticals Inc)

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