Demise of the Leased Property. BB&T hereby demises and subleases to the County, and the County hereby accepts and subleases from BB&T, the Leased Property, according to the provisions of this Lease, subject only to Permitted Encumbrances, to have and to hold for the Lease Term. BB&T and the County acknowledge that (i) the County owns fee title to the Leased Property, subject only to Permitted Encumbrances, (ii) the County has leased the Leased Property to BB&T under the Site Agreement, and (iii) this Lease constitutes a sublease of the Leased Property from BB&T, as sublessor, to the County, as sublessee.
Demise of the Leased Property. The City does hereby rent, lease and demise to the BOE and the BOE does hereby take, accept and lease from the City, the Leased Property on the terms and conditions and for the purposes herein set forth, together with all easements, rights and appurtenances in connection therewith or thereto belonging, to have and to hold for the term of this Sublease.
Demise of the Leased Property. The Lessor does hereby rent, lease and demise to the Lessee, and the Lessee does hereby take, accept and lease from the Lessor, the Project, subject to Permitted Encumbrances, on the terms and conditions and for the purposes herein set forth, together with all easements, rights and appurtenances in connection therewith or thereto belonging, to have and to hold for the term of the Lease.
Demise of the Leased Property. The Lender hereby demises and leases to the City, and the City hereby accepts and leases from the Lender, the Leased Property, according to the provisions of this Lease, subject only to Permitted Encumbrances, to have and to hold for the Lease Term. The Lender and the City acknowledge that (i) the City owns fee title to the Leased Property, subject only to Permitted Encumbrances, (ii) the City has leased the Leased Property to the Lender under the Site Lease, and (iii) this Lease constitutes a sublease of the Leased Property from the Lender, as sublessor, to the City, as sublessee.
Demise of the Leased Property. The IDB does hereby rent, lease and demise to the City, and the City does hereby take, accept and lease from the IDB, the Leased Property on the terms and conditions and for the purposes herein set forth, together with all easements, rights and appurtenances in connection therewith or thereto belonging, to have and to hold for the term of the Lease.
Demise of the Leased Property. The County demises and leases to the Tenant, and the Tenant leases from the County, the Leased Property for the Term and at the rental set forth in Article V hereof and in accordance with the other provisions of this Lease. The County and the Tenant agree that this Lease or a memorandum hereof shall be recorded in the office of the Register of Mesne Conveyances for the County and that all other filings necessary and appropriate to provide record notice of their respective interests hereunder shall be made promptly upon the execution and delivery hereof.
Demise of the Leased Property. Upon and subject to the terms and conditions hereinafter set forth, Lessor leases to Lessee, and Lessee rents from Lessor, all of Lessor’s rights and interest in and to the Leased Property, SUBJECT, HOWEVER, to the matters set forth on Exhibit “B” attached hereto (the “Permitted Exceptions”),to have and to hold for a total initial term of approximately 15 years (the “Initial Term”) commencing on the date hereof (the “Commencement Date”) and ending on the fifteenth anniversary of the last day of the month in which the Commencement Date occurs, as may be extended pursuant to the terms of Article 34 hereof.
