DEMISE, DESCRIPTION, USE AND TERM Sample Clauses

DEMISE, DESCRIPTION, USE AND TERM. 1.1 The duties and obligations of both the Lessor and the Lessee pursuant to this Lease are subject to and contingent upon closing occurring under the Asset Purchase Agreement; provided, however, that any default by the Lessor or Mifflin Valley, Inc., a Delaware corporation, under the Asset Purchase Agreement shall constitute a default by the Lessor under this Lease and any default by the Lessee or Mifflin Valley, Inc., a Delaware corporation, under the Asset Purchase Agreement shall constitute a Default (as hereinafter defined) by the Lessee under this Lease.
Sample 1
AutoNDA by SimpleDocs
DEMISE, DESCRIPTION, USE AND TERM. Lessor hereby leases to Lessee and Lessee hereby leases from Lessor a portion of the commercial building located at 0000 XXXXXXXX XXXXXX, XXXX X, XXXXXX, XX. 00000. The leased premises consist of 2,123 of rent earning space, which shall be measured from the outside walls of the structure to the center of any shared walls. The leased premises is to be used for OFFICES and in accordance with uses normally incident thereto and for no other purpose, for the term of 60 MONTHS, commencing on OCTOBER 1, 2003 and ending on SEPTEMBER 30, 2008 for the total of the minimum annual rental, applicable tax and additional rent for common area maintenance charges and all other sums specified in Article II.
Sample 1
DEMISE, DESCRIPTION, USE AND TERM. 1.01 Lessor hereby leases to Lessee, and Lessee hereby leases from Lessor, that certain property, hereinafter called the leased premises, situated in the Township of Milan, Erie County, Ohio, more particularly described on Exhibit A attached hereto, together with the Improvements which are to be constructed thereon by Lessor in accordance with Article 7 hereof which shall contain 75,000 square foot of manufacturing, warehouse and distribution space, and 7,500 square feet of office space, to be used only as a manufacturing, warehouse and distribution facility and for no other purpose, for an initial term of approximately one hundred and twenty (120) months commencing on the Commencement Date (as defined in Article 7) and ending on the last day of the month which is one hundred twenty (120) months after the Commencement Date, for the minimum rental determined and payable as specified in Article 2, provided that if Lessee is not then in default beyond the applicable cure period it may, by written notice delivered to Lessor at least ninety (90) days prior to the then expiring term, have two (2) extension terms of five (5) years' each, on the same terms and conditions as the initial term, except that the minimum rental in each extension term shall be determined under Article 2, Section 2.02.
Sample 1
DEMISE, DESCRIPTION, USE AND TERM. 1. Lessor is the owner of the real property located at 00 Xxxx Xx, Xxxxxxxx, XX (Xxxx County Auditor's Parcels 150113082000 and 150113081000). Lessor hereby leases to Lessee, and Lessee hereby lease from Lessor, said real property, which shall hereinafter be called the "leased premises." The leased premises shall be used by Lessee to house the KINGSTON PUBLIC LIBRARY and all uses related thereto, for a one-year term commencing August 1, 2020 for a monthly rent of Six Hundred Fifty Dollars ($650).
Sample 1
DEMISE, DESCRIPTION, USE AND TERM. Lessor hereby leases to Lessee and Lessee hereby leases from Lessor, certain property hereinafter called the leased premises, being approximately 3960 square feet of commercial space located at the former Central Elementary School, 00 Xxxx Xxxxx Xxxxxx, Xxxxxxxxxxx, Xxxx 00000, and consisting of a large dividable classroom, office area, and restrooms in the north wing. The real property upon which the leased premises is located is more particularly described as follows: Situated in the County of Xxxx, State of Ohio and in the City of Chillicothe bounded and described as follows: Beginning at a stake on the North line of out lot number thirty-six (36), on the south line of Fifth Street, two hundred and eight (208) feet and six (6) inches westward from the northeast corner of said Out Lot; thence at right angles to Fifth Street and parallel with Paint Street one hundred and seventy (170) feet; thence westward and parallel with Fifth Street one hundred eighty-eight (188) feet and six (6) inches to an alley; thence East line of the alley Northward one hundred and seventy (170) feet to the South line of Fifth Street; thence Eastward with the South line of said street, one hundred and eighty-eight (188) feet and six
Sample 1
DEMISE, DESCRIPTION, USE AND TERM 
Sample 1

Related to DEMISE, DESCRIPTION, USE AND TERM

  • DEMISE AND TERM Sublandlord hereby leases to Subtenant, and Subtenant hereby leases from Sublandlord, upon and subject to the terms and conditions of this Sublease, those certain premises comprising approximately 53,464 rentable square, as substantially shown (by diagonal lines or shading) on the floor plans attached hereto as Exhibit “A” (the “Subleased Premises”), in the building (the “Building”) known as 20 Xxxxxxxxxx Xxxx, Xxxxxxxxxxxx, Xxxxxxxx, being all of the premises that were leased to Sublandlord by ARE-20/22/1300 Firstfield Quince Orchard, LLC, a Delaware limited liability company (“Main Landlord”) under the Main Lease (as hereinafter defined), together with the Common Areas (as defined in the Main Lease), as modified from time to time by Main Landlord. The term (“Sublease Term”) of this Sublease shall commence on January 1, 2012 (the “Commencement Date”), and shall expire at 11:59 p.m. on March 31, 2013 (the “Expiration Date”), unless sooner terminated as herein provided. If either party hereto shall so request, the parties hereto shall execute and deliver to each other an instrument confirming the Commencement Date, but the failure of either party to execute and deliver such an instrument shall not affect the occurrence of the Commencement Date. Notwithstanding that the Commencement Date may not have yet occurred, from and after the date hereof until the Commencement Date, upon reasonable prior notice to Sublandlord, Sublandlord shall permit Subtenant or any person or entity lawfully acting by or through Subtenant to access the Subleased Premises solely for (a) Subtenant’s architect, engineer and other consultants to measure and inspect the Subleased Premises and (b) Subtenant to inspect and review those certain assets, as more fully described in Exhibit “B” attached hereto (“Purchased Assets”) that Subtenant is purchasing from Sublandlord pursuant to the Equipment Sale Agreement, dated as of the date hereof, between Sublandlord and Subtenant (“Sale Agreement”). Such access and use shall be subject to all the provisions of this Sublease as if the Commencement Date had otherwise commenced or occurred; provided, however, Subtenant shall not be obligated to pay Rent with respect to any period prior to the actual Commencement Date. If Subtenant or such person or entity should enjoy such early access of the Subleased Premises, the Sublease shall be deemed to have so commenced solely for the purpose of causing Subtenant’s covenants, obligations, indemnities, and other agreements under this Sublease during the Sublease Term to be effective and binding upon Subtenant during such early access (such as, but not limited to, Subtenant being obligated to obtain all insurance required of it under this Sublease). Said early access and use shall not advance the Commencement Date or advance or extend the Expiration Date. If Sublandlord does not deliver the Subleased Premises to Subtenant within 15 days of the Commencement Date due solely to the actions of Sublandlord, then the first period of rent abatement described in Section 2 below shall be extended by one day for every day that the Subleased Premises have not been delivered after the Commencement Date, and Subtenant shall have no obligation to pay any Additional Rent until the Subleased Premises have been delivered by Sublandlord.

  • General Description of Facilities Subject to and upon the terms and conditions herein set forth, (i) the Lenders hereby establish in favor of the Borrower a revolving credit facility pursuant to which each Lender severally agrees (to the extent of such Lender’s Revolving Commitment) to make Revolving Loans to the Borrower in accordance with Section 2.2, (ii) the Issuing Bank agrees to issue Letters of Credit in accordance with Section 2.22, (iii) the Swingline Lender agrees to make Swingline Loans in accordance with Section 2.4, and (iv) each Lender agrees to purchase a participation interest in the Letters of Credit and the Swingline Loans pursuant to the terms and conditions hereof; provided, that in no event shall the aggregate principal amount of all outstanding Revolving Loans, Swingline Loans and outstanding LC Exposure exceed at any time the Aggregate Revolving Commitment Amount from time to time in effect.

  • Premises and Term The Landlord, in consideration of the rents herein reserved and of the agreements and conditions herein contained, on the part of the Tenant to be kept and performed, leases unto the Tenant and Tenant hereby rents and leases from Landlord, according to the terms and provisions herein, the following described real estate, situated in Dubuque County, Iowa, to wit: The patio area (Parcel B) as shown on Exhibit A attached hereto (but specifically excluding the hydraulic lift located on Lot B) and by this reference made a part hereof (the Leased Premises), legally described as a part of Lot 6 of Ice Harbor Development, according to the recorded plat thereof, with the improvements thereon and all rights, easements and appurtenances thereto belonging, for a term commencing at midnight of the day previous to the first day of the lease term, which shall be on the 1st day of June, 2005, and ending at midnight on the last day of the lease term, which shall be on the 31st day of December, 2018, upon the condition that the Tenant pays rent therefore, and otherwise performs as in this Lease Agreement provides. The Landlord reserves unto itself a non-exclusive, perpetual Public Access Easement, to run with the land, as shown on Exhibit A, for itself and for public pedestrian access, said access to remain open, clear and unobstructed at all times except as may be otherwise agreed to in writing by the Landlord. Tenant agrees that its rights under the Revised Ice Harbor Parking Agreement for Ice Harbor Urban Renewal District are terminated upon execution of this Agreement. Landlord hereby grants to Tenant, its management employees and patrons during the term of this Agreement the non-exclusive privilege to park in Parking Lots 1 and 2 shown on Exhibit A at no additional charge (other than the rent herein) to Tenant, its management employees or patrons. Tenant agrees that Tenant will require that all of its employees shall park only in parking lots owned by Tenant or in a city-owned parking garage. Landlord hereby grants to Tenant permission, subject to such other permission as may be required by any other governmental entity, to construct a two-story (not to exceed the height of the existing portside facility) barge (as defined by Iowa Code Chapter 99F (2005)) to extend not more than the maximum permitted by the United States Coast Guard and/or the United States Army Corps of Engineers but in no event more than 150 feet from Tenant’s current dock facility into the Ice Harbor. Landlord agrees to cooperate with and support Tenant’s application to other governmental entities for any required permission for such barge. In the event Tenant constructs such barge, the area upon which such barge is located shall become a part of the Leased Premises.

  • General Description Employer shall provide Employee with the compensation, incentives, benefits, and business expense reimbursement specified elsewhere in this agreement.

  • Effective Date and Term of Agreement This Agreement is effective and binding on the Company and Employee as of the date hereof; provided, however, that, subject to Section 2(d), the provisions of Sections 3 and 4 shall become operative only upon the Change in Control Date.

  • Acceptance and Term The Company agrees to employ Employee, and Employee agrees to serve the Company, on the terms and conditions set forth herein. The Term of this Agreement shall commence on the Effective Date and continue thereafter until terminated in accordance with, and subject to the provisions of, Section 8 hereof.

  • Commencement and Term This Agreement shall commence upon the Effective Date and continue for the Agreement Term.

  • Purpose and Term The purpose to be conducted or promoted by the Company is to engage solely in the following activities:

  • Commencement Date and Term 1.1 This Agreement shall come into force on [insert date] (the “Commencement Date”) and, subject to paragraph 1.2 below, shall continue in full force and effect until [insert date] OR [until all Services have been completed and all Deliverables have been delivered to the British Council’s satisfaction as set out in Schedule 2 (Terms of Reference)] (the “Term”).

  • Term of Agreement and Termination 2.1. This Agreement enters into effect at the time of acceptance of this Agreement.

Time is Money Join Law Insider Premium to draft better contracts faster.