Common use of DEMISE AND RENTS Clause in Contracts

DEMISE AND RENTS. THE Landlord DEMISES unto the Tenant ALL THAT the Premises TOGETHER WITH the easements and rights specified in schedule 2 exercisable in Common (except in relation to the right granted in paragraph 4 of schedule 2) with the Landlord and all others with its authority or otherwise from time to time entitled thereto EXCEPT and RESERVED unto the Landlord and all other persons authorised by it from time to time during the Term or otherwise from time to time entitled thereto the easements and rights specified in schedule 3 TO HOLD the Premises unto the Tenant (together with and except and reserved as aforesaid) for the Term SUBJECT to all rights easements covenants stipulations and other matters affecting the same YIELDING AND PAYING therefor: FIRSTLY yearly and proportionately for any part of a year the rent reserved and made payable in schedule 4 by equal quarterly payments to be made in advance on the usual quarter days in every year the first such payment to be made on the date hereof SECONDLY as additional rent yearly and proportionately for any Service Period the Service Rent in accordance with the provisions of clause 6 including the Interim Sum on account by equal quarterly payments to be made in advance on the usual quarter days in every year the first such payment or a proportionate part of it (being a proportionate part of the initial Interim Sum from the date hereof to the first anniversary of the date from which the Term is calculated after deduction of the quarterly instalments of the initial Interim Sum payable on the intervening usual quarter days) to be made on the date hereof THIRDLY as additional rent from time to time the Insurance Rent payable on demand FOURTHLY any other monies (excluding interest) falling due for payment by the Tenant to the Landlord under this lease AND FIFTHLY as additional rent all VAT for which the Landlord is or may become liable to account to H.M. Customs & Excise (or other relevant body to whom account has for the time being to be made) on the supply by the Landlord to the Tenant under or in connection with the provisions of this lease of the interest created by it and of any other supplies whether of goods or services such rent fifthly reserved to be due for payment contemporaneously with the other rents or sums to which it relates

DEMISE AND RENTS. THE In consideration of the rents hereinafter reserved and of the covenants on the part of the Tenant hereinafter contained the Landlord DEMISES hereby demises unto the Tenant ALL THAT all those the Demised Premises TOGETHER WITH together with the easements and rights (but not including any right or easement unless the same be expressly herein referred to) specified in schedule 2 exercisable in Common (the Second Schedule but except in relation to the right granted in paragraph 4 of schedule 2) with the Landlord and all others with its authority or otherwise from time to time entitled thereto EXCEPT and RESERVED reserving unto the Landlord and all other persons authorised by it from time to time during the Term or otherwise from time to time entitled thereto Landlord the easements and rights and other matters specified in schedule 3 TO HOLD the Premises Third Schedule to hold the same unto the Tenant (together with for a term of years from the 26th day of February 2001 until the 24th day of March 2001 and except thereafter for a term of TWENTY YEARS from and reserved as aforesaid) for including the Term 25th day of March 2001 SUBJECT to the covenants conditions stipulations exceptions reservations easements and other matters referred to or contained in the documents referred to in the Fifth Schedule and subject also to all rights and easements covenants stipulations quasi- easements or reputed easements and other matters affecting privileges belonging to or enjoyed by any adjacent or neighbouring property which may be necessary or convenient for the same YIELDING AND PAYING therefor: FIRSTLY yearly enjoyment thereof yielding and paying therefor during the Term and proportionately for any part fraction of a year in each case without any deduction whatsoever) the rents following that is to say FIRST from and including the 26th day of February 2001 the clear yearly rent reserved and made payable of SEVEN HUNDRED AND THIRTY ONE THOUSAND FOUR HUNDRED AND FORTY EIGHT POUNDS ((Pounds)731,448.00) per annum exclusive (subject to the provisions for review herein contained) to be paid in schedule 4 advance by equal quarterly payments to be made in advance on the usual quarter days in every year the first of such payment payments being the rent from and including the 26th day of February 2001 to the usual quarter day then next succeeding then to be made on the date hereof 26th day of February 2001 SECONDLY as additional rent yearly within seven days of a written demand the moneys referred to in Clause 3.2 THIRDLY within seven days of a written demand the moneys referred to in Clause 3.7 FOURTHLY the moneys referred to in Clause 7 FIFTHLY within seven days of written demand all costs charges and proportionately for any Service Period the Service Rent in accordance with the provisions of clause 6 including the Interim Sum on account by equal quarterly payments to be made in advance on the usual quarter days in every year the first such payment or a proportionate part of it (being a proportionate part of the initial Interim Sum from the date hereof to the first anniversary of the date from expenses which the Term is calculated after deduction of the quarterly instalments of the initial Interim Sum payable on the intervening usual quarter days) to be made on the date hereof THIRDLY as additional rent Landlord may from time to time incur in connection with or in procuring the Insurance Rent payable on demand FOURTHLY remedying of any other monies (excluding interest) falling due for payment breach by the Tenant to of any of the Landlord under this lease AND FIFTHLY as additional rent all VAT for which the Landlord is or may become liable to account to H.M. Customs & Excise (or other relevant body to whom account has for the time being to be made) covenants on the supply part of the Tenant contained in this Lease and SIXTHLY within seven days of a written demand all costs incurred by the Landlord to in complying with its covenant under Clause 5.1 and also in effecting or maintaining insurance in respect of the Tenant under public liability of the Landlord arising out of or in connection with any matter involving or relating to the provisions of this lease of the interest created by it and of any other supplies whether of goods or services such rent fifthly reserved to be due for payment contemporaneously with the other rents or sums to which it relatesDemised Premises

DEMISE AND RENTS. THE In consideration of the rents hereby reserved and of the covenants on the part of the Tenant and the Surety hereinafter contained the Landlord HEREBY DEMISES unto the Tenant ALL THAT the Premises TOGETHER WITH together with the easements and rights specified in schedule 2 exercisable in Common (except in relation to the right granted in paragraph 4 of schedule 2) common with the Landlord and all others with its authority or otherwise from time to time entitled thereto any other tenants and occupiers of the Building and other persons properly authorised by them specified in Part 1 of the First Schedule EXCEPT and RESERVED AND RESERVING unto the Landlord and any mortgagee and all other persons entitled or properly authorised by it from time to time during the Term or otherwise from time to time entitled thereto the easements and rights specified in schedule 3 Part 2 of the First Schedule and so far as the same now affect the Premises and are still subsisting and capable of being enforced SUBJECT TO AND WITH THE BENEFIT OF the matters referred to in the property and charges registers of title number XXX000000 and in the documents referred to in the Sixth Schedule TO HOLD the Premises unto the Tenant (together with and except and reserved as aforesaid) for the Term SUBJECT to all rights easements covenants stipulations and other matters affecting the same YIELDING AND PAYING therefor: FIRSTLY therefor unto the Landlord yearly during the Term and proportionately so in proportion for any part of less period than a year the following rents:- FIRST: From and including the Rent Commencement Date until and excluding the Rental Uplift Date the sum of pounds ((pounds) ) per annum from and including the Rental Uplift Date and to excluding the First Rent Review Date the sum of pounds ((pounds) ) per annum thereafter during the Term such rent reserved and made as may be payable in schedule 4 accordance with the provisions of the Third Schedule (the rent so specified or as increased as aforesaid hereinafter called the "Principal Rent") such rent in each case to be paid by equal quarterly payments to be made in advance on the usual quarter days 25th March 24th June 29th September and 25th December in every year the first such payment (being the proportionate payment due in respect of the period from the Rent Commencement Date to the quarter day next following) to be made on the Rent Commencement Date SECONDLY: From and including the Term Commencement Date or the date hereof SECONDLY as additional rent yearly and proportionately for any of occupation if earlier the Insurance Rent which shall be paid without deduction or abatement within fourteen days of demand therefore THIRDLY: The Service Period the Service Rent Charge Payable in accordance with the provisions of clause 6 including the Interim Sum on account by equal quarterly payments Fourth Schedule FOURTHLY: Interest as shall be required to be made in advance on paid pursuant to this Lease which shall be paid at the usual quarter days in every year the first such time of payment or a proportionate part of it (being a proportionate part of the initial Interim Sum from sum bearing the date hereof to the first anniversary of the date from which the Term is calculated after deduction of the quarterly instalments of the initial Interim Sum interest and FIFTHLY: Any VAT payable on the intervening usual quarter days) to be made on the date hereof THIRDLY as additional rent from time to time the Insurance Rent payable on demand FOURTHLY any other monies (excluding interest) falling due for payment by the Tenant to the Landlord under this lease AND FIFTHLY as additional rent all VAT for which the Landlord is or may become liable to account to H.M. Customs & Excise (or other relevant body to whom account has for the time being to be made) on the supply by the Landlord to the Tenant under or in connection with the provisions of this lease of the interest created by it and of any other supplies whether of goods or services such rent fifthly reserved to be due for payment contemporaneously with the other rents or sums to which it relateshereby reserved

DEMISE AND RENTS. THE IN consideration of the rents and covenants hereinafter reserved and contained the Landlord HEREBY DEMISES unto to the Tenant ALL THAT the Premises TOGETHER WITH the easements and rights specified (in schedule 2 exercisable in Common (except in relation to the right granted in paragraph 4 of schedule 2) common with the Landlord and all others with its authority or otherwise from time to time entitled thereto EXCEPT thereto) for the benefit of the Tenant its successors in title servants agents and RESERVED unto the Landlord visitors and all other persons authorised by it from time to time during the Term or otherwise others from time to time entitled thereto to like or similar rights the rights and easements set out in Part 2 of the First Schedule to the Head Lease insofar as they relate to the Premises and the rights specified set out in schedule Schedule 2 of this Lease EXCEPTING AND RESERVING unto the Landlord the persons for the time being entitled to any interest or interests reversionary (whether immediate or mediate) upon the Landlord's interest and all other persons entitled to the same the rights and easements excepted and reserved by the Headlease and Superior Lease insofar as they relate to the Premises and the rights set out in Schedule 3 of this Lease TO HOLD the Premises same unto the Tenant (together with and except and reserved as aforesaid) for the Term SUBJECT to all rights easements covenants stipulations term of five years from and other matters affecting including the same Commencement Date ("the Term") YIELDING AND PAYING therefor: therefor to the Landlord throughout the term by way of rent:- FIRSTLY yearly and proportionately for any part the annual rent of a year THREE HUNDRED AND TWENTY SEVEN THOUSAND AND FIFTEEN POUNDS (£327,015) plus VAT (subject to review on 18 July 2001 in accordance with clause 8 of the Head Lease as incorporated by clause 5.2 of this Lease) such rent reserved and made payable in schedule 4 to be paid by equal quarterly payments to be made in advance on the usual quarter days in every year without deduction or set off except for that required by statute the first of such payment payments or a proportionate part thereof to be made on the date hereof Rent Commencement Date for the period from the Rent Commencement Date to the next succeeding quarter day SECONDLY as additional rent yearly and proportionately for any Service Period other sums which may become due from the Service Rent in accordance with Tenant to the Landlord under the provisions of clause 6 including this Lease THIRDLY by way of further rent the Interim Sum on account Value Added Tax (or any tax of a similar nature that may be substituted for it or levied in addition to it) (by reason of an election of a Landlord or otherwise) in respect of the rents first and secondly and thirdly reserved (except in so far as the Landlord is able to recover the same as input tax) to be paid by equal quarterly payments to be made in advance on the usual quarter days in every year the first such payment or a proportionate part of it (being a proportionate part of the initial Interim Sum from the date hereof to the first anniversary of the date from which the Term is calculated after deduction of the quarterly instalments of the initial Interim Sum payable on the intervening usual quarter days) to be made on the date hereof THIRDLY as additional rent from time to time the Insurance Rent payable on demand FOURTHLY any other monies (excluding interest) falling due for payment by the Tenant to the Landlord under this lease AND FIFTHLY as additional rent all VAT for which the Landlord is or may become liable to account to H.M. Customs & Excise (or other relevant body to whom account has for the time being to be made) on the supply by the Landlord to the Tenant under or in connection with the provisions of this lease of the interest created by it and of any other supplies whether of goods or services such rent fifthly reserved to be due for payment contemporaneously with the other rents or sums to which it relates.

DEMISE AND RENTS. THE Landlord DEMISES unto In consideration of the Tenant ALL THAT rents reserved by this lease and the covenants on your part we demise the Premises TOGETHER WITH to you for the easements Contractual Term yielding and rights specified in schedule 2 exercisable in Common (except in relation to the right granted in paragraph 4 paying therefor by way of schedule 2) with the Landlord rent: first, [from and all others with its authority or otherwise from time to time entitled thereto EXCEPT and RESERVED unto the Landlord and all other persons authorised by it from time to time during including the Term or otherwise Commencement Date to and including the day preceding the Rent Commencement Date a peppercorn (if demanded) and thereafter] from time to time entitled thereto and including the easements and rights specified in schedule 3 TO HOLD Rent Commencement Date the Premises unto the Tenant (together with and except and reserved as aforesaid) for the Term SUBJECT to all rights easements covenants stipulations and other matters affecting the same YIELDING AND PAYING therefor: FIRSTLY yearly and proportionately for any part of a year the rent reserved and made Yearly Rent payable in schedule 4 by equal quarterly payments to be made in advance on the usual quarter days the first such payment in every year respect of the period from and including the Rent Commencement Date until and including the day preceding the quarter day next following to be made on the Rent Commencement Date; secondly, within 7 days of receipt of written demand, by way of further rent, an amount equal to the costs and expenses which we from time to time incur in effecting and maintaining insurance pursuant to clause 4.3 or (if the Premises are insured with other premises on the Estate) a due proportion of all costs and expenses which we from time to time incur in effecting and maintaining such insurance (including, without limitation, the cost of valuations for insurance purposes); thirdly, the service charge calculated and payable in accordance with schedule 4 by equal quarterly instalments in advance on the usual quarter days the first such payment to be made on the date hereof SECONDLY as additional rent yearly and proportionately for any Service Period the Service Rent of this lease in accordance with the provisions of clause 6 including the Interim Sum on account by equal quarterly payments to be made in advance on the usual quarter days in every year the first such payment or a proportionate part of it (being a proportionate part respect of the initial Interim Sum period from the date hereof to Term Commencement Date until the first anniversary of day preceding the date from which the Term is calculated after deduction of the quarterly instalments of the initial Interim Sum payable on the intervening usual quarter days) to be made on the date hereof THIRDLY as additional rent from time to time the Insurance Rent payable day next following; fourthly, on demand FOURTHLY interest at 4% per year above the base rate of HSBC Bank PLC on any other monies sum which is overdue after its due date calculated (excluding interestboth before and after any judgment) falling from the due for payment by the Tenant to the Landlord date until payment; fifthly, all VAT payable in respect of any sum payable under this lease AND FIFTHLY as additional rent all VAT for which the Landlord is or may become liable to account to H.M. Customs & Excise (or other relevant body to whom account has for the time being to be made) on the supply by the Landlord to the Tenant under or in connection with the provisions of this lease of the interest created by it and of any other supplies whether of goods or services such rent fifthly reserved to be due for payment payable contemporaneously with the other rents or sums sum to which it relates; sixthly, the Rent Deposit and any sums payable in accordance with schedule [7]; seventhly, any other sum due to us under the terms of this lease. The rights set out in schedule 2 are granted to you and the rights set out in schedule 3 are excepted and reserved for us and all persons authorised by us. This lease is granted subject to all easements, quasi easements and rights affecting the Premises. [The Yearly Rent will be subject to review on the Review Date in accordance with schedule 6.] Tenant’s Covenants You covenant with us throughout the Term: Rent To pay the rents reserved by this lease on the days and in the manner set out in clause 2 (by standing order if requested) without deduction or set-off.