Defined Terms and Covenants Clause Samples
The 'Defined Terms and Covenants' clause establishes specific meanings for key terms used throughout the agreement and sets out the binding promises or obligations of the parties. In practice, this clause lists definitions to ensure that important words or phrases are interpreted consistently, and it details the commitments each party must uphold, such as maintaining confidentiality or meeting performance standards. By clearly defining terminology and outlining mutual obligations, this clause ensures clarity, reduces ambiguity, and helps prevent disputes over interpretation or expectations.
Defined Terms and Covenants. The terms listed below (“Defined Terms”) shall have the following meanings throughout this Lease, and the covenants described in this Section 1.1 shall have the same effect as the terms and conditions of the Lease:
(a) Lessor: The Plaza CP LLC a California limited liability company
(b) Lessee: Manhattan Bancorp.
a California corporation
(c) Premises: The crosshatched space shown on Exhibit “C-2” attached hereto and to be commonly known as ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇.
Defined Terms and Covenants. The terms listed below ("Defined Terms") shall have the following meanings throughout this Lease, and the covenants described in this Section 1.1 shall have the same effect as the terms and conditions of the Lease:
(a) Lessor: Continental Development, L.P. II a California limited partnership
(b) Lessee: Advance Communication Technologies, Inc. a Florida corporation
(c) Premises: The designated space specifically referred to as Suite 200, shown on Exhibit "B" attached hereto and located in the building commonly known as 880 Apollo Street (the "Building") ▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇ ▇▇ ▇▇▇undo, California more particularly described in Exhibit "A" which is also attached hereto (the "Property").
(d) Rentable Area of the Premises: Approximately 3,279 square feet.
(e) Term: Three (3) years following the Lease Commencement Date. The Lease will terminate on the last day of the thirty-sixth (36th) full calendar month following the Commencement Date.
Defined Terms and Covenants. The terms listed below (“Defined Terms”) shall have the following meanings throughout this Lease, and the covenants described in this Section 1.1 shall have the same effect as the terms and conditions of the Lease:
(a) Lessor: Continental 830 ▇▇▇▇ LLC, a Delaware limited liability company, as to an undivided 66% interest, and Continental Rosecrans Aviation L.P., a California limited partnership, as an undivided 34% interest, as tenants in common
(b) Lessee: Fisker Inc. a Delaware corporation
Defined Terms and Covenants. The terms listed below (“Defined Terms”) shall have the following meanings throughout this Lease, and the covenants described in this Section 1.1 shall have the same effect as the terms and conditions of the Lease:
(a) Lessor: Continental 2361/2381 LLC a California limited liability company
(b) Lessee: Peerless Systems Corporation a Delaware corporation