Common use of DEMISE, PREMISES, TERM Clause in Contracts

DEMISE, PREMISES, TERM. Section 1.1 For the term hereinafter stated, and upon and subject to the terms, Section 1.2 The Demised Premises shall include any fixtures and equipment which are located therein and were conveyed by Tenant to Landlord pursuant to the Contract of Sale, and the right to use the Limited Common Elements (as defined in the Declaration) which are appurtenant to the Third Floor Unit, and the General Common Elements (as defined in the Declaration) of the Building. Section 1.3 The term of this Lease (the “Term”) shall commence on the date hereof (the “Commencement Date”) and end at 11:59 p.m. on the Lease Expiration Date. Section 1.4 At any time and from time to time during the Term, Tenant shall have an on-going option (the “Termination Option”) to terminate this Lease. The Termination Option may be exercised by delivering a written notice (the “Termination Notice”) to Landlord specifying the date on which this Lease shall terminate, which date shall be at least five (5) business days after the date on which the Termination Notice is given to Landlord. If Tenant exercises the Termination Option, then this Lease shall terminate, and the Term shall end on the date specified in the Termination Notice, with all Occupancy Charges (as hereinafter defined) payable with respect to the Demised Premises apportioned as of such date, and thereafter, except as otherwise set forth in this Lease, neither party shall have any further obligation to the other party under this Lease.

Appears in 1 contract

Samples: Contract of Sale

AutoNDA by SimpleDocs

DEMISE, PREMISES, TERM. Section 1.1 For the term hereinafter stated3.1 Landlord hereby leases to Tenant, and Tenant hereby hires from Landlord, the Premises for the Term, unless the Term shall sooner terminate pursuant to any of the terms of this Lease or pursuant to law, upon and subject to the terms,terms of this Lease. Section 1.2 The Demised 3.2 Tenant has inspected the Premises, is thoroughly acquainted with their condition (physical and otherwise) and has been afforded adequate opportunity to examine, investigate and inspect the same, and agrees to take the same in their "as is" condition on the Commencement Date. Except as expressly provided to the contrary in this Lease: (x) neither Landlord nor any agent or representative of Landlord has made or does make any representation or warranty as to (a) the physical condition of the Premises shall include (including (i) any fixtures structural or latent defects or (ii) the existence of any Environmental Condition), or (b) any use or uses to which the Premises may be put, or (c) any leases, subleases, tenants, rents, or (d) any operating or maintenance agreements, or (e) any utilities or services; and equipment which are located therein and were conveyed (y) the occupancy or taking of possession of all or any part of the Premises by Tenant to Landlord pursuant to or anyone claiming by, through or under Tenant shall be conclusive evidence as against Tenant that the Contract of Sale, and the right to use the Limited Common Elements (as defined Premises were in the Declaration) which are appurtenant to condition required at the Third Floor Unit, and the General Common Elements (as defined in the Declaration) time of the Buildingsuch occupancy or taking of possession. Section 1.3 The term of this Lease (the “Term”) shall commence on the date hereof (the “Commencement Date”) and end at 11:59 p.m. on the Lease Expiration Date. Section 1.4 At any time and from time to time during the Term, Tenant shall have an on-going option (the “Termination Option”) to terminate this Lease. The Termination Option may be exercised by delivering a written notice (the “Termination Notice”) to Landlord specifying the date on which this Lease shall terminate, which date shall be at least five (5) business days after the date on which the Termination Notice is given to Landlord. If Tenant exercises the Termination Option, then this Lease shall terminate, and the Term shall end on the date specified in the Termination Notice, with all Occupancy Charges (as hereinafter defined) payable with respect to the Demised Premises apportioned as of such date, and thereafter, except 3.3 Except as otherwise set forth expressly provided in this Lease, neither party the Term shall not expire and Tenant shall have any further no right to terminate this Lease or surrender the Premises nor shall Tenant's obligation to pay rent be otherwise affected or abated, by reason of the other party under prohibition, limitation or restriction by any governmental authority of Tenant's use of the Premises or the Improvements or any portion thereof or the interference with such use by any person or entity, unless such prohibition, limitation, restriction or interference is due to the voluntary acts of Landlord or to a breach by Landlord of any representations or covenants contained in Article 25. 3.4 Except as otherwise expressly provided in this Lease, Tenant waives any rights hereafter conferred by law to tenants generally to terminate this Lease or to quit or surrender the Premises or the Improvements or any portion thereof.

Appears in 1 contract

Samples: Lease Agreement (American Tissue Inc)

DEMISE, PREMISES, TERM. Section 1.1 For the term hereinafter stated, and upon and subject to the terms,RENT ---------------------------- Section 1.2 The Demised 1.1. Landlord hereby leases to Tenant and Tenant hereby hires from Landlord the Premises shall include any fixtures and equipment which are located therein and were conveyed by Tenant for the Term to Landlord pursuant to the Contract of Sale, and the right to use the Limited Common Elements (as defined in the Declaration) which are appurtenant to the Third Floor Unit, and the General Common Elements (as defined in the Declaration) of the Building. Section 1.3 The term of this Lease (the “Term”) shall commence on the date hereof (the "Commencement Date") and to end at 11:59 p.m. on the Lease date (the "Fixed Expiration Date.") which is the last day of the month in which the day immediately preceding the fifth (5th) anniversary of the Rent Commencement Date shall occur, at an annual rent (the "Fixed Rent") of: Section 1.4 (1) Three Hundred Four Thousand Eighty Dollars ($304,080.00) for the period (the "1st Rental Period") commencing on the Rent Commencement Date and ending on the day immediately preceding the date which is two and one-half (2.5) years after the Commencement Date, or if the Commencement Date shall occur other than on the first day of the month, ending on the last day of the month in which the date which is two and one-half (2.5) years after the Commencement Date occurs ($25,340.00 per month); (2) Three Hundred Nineteen Thousand Two Hundred Eighty-Four Dollars ($319,284.00) for the period (the "2nd Rental Period") commencing on the day next succeeding the end of the 1st Rental Period and ending on the Fixed Expiration Date ($26,607.00 per month), and which Tenant agrees to pay in lawful money of the United States which shall be legal tender in payment of all debts and dues, public and private, at the time of payment, in equal monthly installments in advance, on the first (1st) day of each calendar month during the Term commencing on the Rent Commencement Date, at the office of Landlord or such other place as Landlord may designate, without any set-off, offset, abatement or deduction whatsoever, except that Tenant shall pay the first full monthly installment on the execution hereof. At any time and the request of Landlord, Fixed Rent shall be payable when due by wire transfer of funds to an account designated from time to time by Landlord. Section 1.2. If the Rent Commencement Date shall occur on a date other than the first (1st) day of any calendar month, then, on the Rent Commencement Date Tenant shall pay to Landlord a sum equal to Eight Hundred Forty-Four and 67/100 Dollars ($844.67), multiplied by the number of calendar days in the period from the Rent Commencement Date to the last day of the month in which the Rent Commencement Date shall occur, both dates inclusive. Section 1.3. Tenant shall pay to Landlord, as additional rent, on account of electricity consumed at the Premises the sum of Two Thousand One Hundred Eighty-Five and 58/100 Dollars ($2,185.58) per month during the Termperiod commencing on the Commencement Date and ending on the day immediately preceding the Rent Commencement Date. If such period shall commence or end on a date other than the first (1st) day of a calendar month, Tenant shall have an on-going option (the “Termination Option”) to terminate this Lease. The Termination Option may be exercised by delivering a written notice (the “Termination Notice”) to Landlord specifying the date such monthly amount on which this Lease shall terminate, which date account of electricity shall be at least five (5) business days after the date on which the Termination Notice is given to Landlord. If Tenant exercises the Termination Option, then this Lease shall terminate, and the Term shall end on the date specified in the Termination Notice, with all Occupancy Charges (as hereinafter defined) payable with respect to the Demised Premises apportioned as of such date, and thereafter, except as otherwise set forth in this Lease, neither party shall have any further obligation to the other party under this Leaseappropriately adjusted.

Appears in 1 contract

Samples: Lease Agreement (Focal Communications Corp)

DEMISE, PREMISES, TERM. Section 1.1 For SECTION 2.01. Landlord hereby leases to Tenant, and Tenant hereby hires from Landlord, the premises hereinafter described ("PREMISES"), in the Building, for the term hereinafter stated, under the terms and upon conditions hereinafter provided. SECTION 2.02. The Premises consist of that property described in ITEM 4 of the Data Sheet and subject to the terms, Section 1.2 The Demised Premises shall include any fixtures and equipment which are located therein and were conveyed by Tenant to Landlord pursuant to the Contract of Saleshown on EXHIBIT C hereto, together with all fixtures, equipment, improvements, and appurtenances which, at the right to use the Limited Common Elements (as defined in the Declaration) which are appurtenant to the Third Floor Unit, and the General Common Elements (as defined in the Declaration) of the Building. Section 1.3 The term commencement of this Lease (the “Term”) shall commence on the date hereof (the “Commencement Date”) and end or at 11:59 p.m. on the Lease Expiration Date. Section 1.4 At any time and from time to time during the Term, Tenant shall have an on-going option (are attached thereto or installed therein, other than Tenant's Property. For the “Termination Option”) to terminate purposes of this Lease, the rentable square footage area of the Premises shall be deemed to be the square footage as set forth in ITEM 4 of the data sheet. SECTION 2.03. The Termination Option may be exercised by delivering Premises are leased for a written notice term (the “Termination Notice”"TERM") to Landlord specifying the which shall commence on a date on ("COMMENCEMENT DATE") which this Lease shall terminate, which date shall be at least five the earliest of: (5a) business days after the date on which the Termination Notice is given Premises are available for occupancy, as determined pursuant to LandlordSections 3.02 and 3.03; and (b) the date Tenant shall occupy the Premises or any part thereof for the purpose of conducting its business; and (c) any fixed Commencement Date specified in ITEM 5 of the Data Sheet. SECTION 2.04. If Tenant exercises the Termination Option, then this Lease shall terminate, and the The Term shall end on the date specified in the Termination Notice, with all Occupancy Charges (as hereinafter defined) payable with respect to the Demised Premises apportioned as of such date, and thereafter, except as otherwise set forth in ITEM 5 of the Data Sheet ("EXPIRATION DATE"), unless the Term shall sooner terminate pursuant to Item 13 (a) of the Data Sheet or any of the terms, covenants or conditions of this Lease, neither party Lease or pursuant to law. SECTION 2.05. Tenant shall have any further obligation the right to use that number of parking spaces in the parking areas of Greenwich Office Park allocated to the Building as specified in ITEM 6 of the Data Sheet. Landlord shall not be responsible for policing the use of the spaces; however, Landlord shall have the right (but not the obligation) to control access to the parking areas, by the use of a card system or otherwise. If Landlord adopts such a system, Tenant shall comply and shall use diligent efforts to cause its employees, agents and invitees to comply therewith. Tenant shall have the nonexclusive right to use the parking areas, in common with other party under this Leasetenants of the Building, up to its maximum permissible number of spaces.

Appears in 1 contract

Samples: Lease (Renaissance Cosmetics Inc /De/)

DEMISE, PREMISES, TERM. Section 1.1 For RENTS 1.01 Landlord hereby leases to Tenant, and Tenant hereby hires from Landlord, the premises hereinafter described, in the building at 000 Xxxxxx Xxxxx Xxxxx, in the Borough of Fort Xxx, County of Bergen, State of New Jersey (the "BUILDING"), on the parcel of land more particularly described in EXHIBIT A (the "LAND"), for the term hereinafter stated, for the rents hereinafter reserved and upon and subject to the terms,conditions (including limitations, restrictions and reservations) and covenants hereinafter provided. Each party hereby expressly covenants and agrees to observe and perform all of the conditions and covenants herein contained on its part to be observed and performed. Section 1.2 1.02 The Demised Premises shall include any premises hereby leased to Tenant is part of the fifth (5th) floor of the Building, as shown on the floor plan annexed hereto as Exhibit B. Said premises together with all fixtures and equipment which at the commencement, or during the term, of this Lease are located thereto attached (except items not deemed to be included therein and were conveyed removable by Tenant as provided in Article 14) constitute and are hereinafter referred to Landlord pursuant to as the Contract of Sale, and the right to use the Limited Common Elements (as defined in the Declaration) which are appurtenant to the Third Floor Unit, and the General Common Elements (as defined in the Declaration) of the Building"DEMISED PREMISES". Section 1.3 1.03 The term of this Lease (the “Term”) lease, for which the Demised Premises are hereby leased, shall commence on a date (herein referred to as the date hereof "COMMENCEMENT DATE") which shall be (i) the day Tenant, or anyone claiming under or through Tenant, first occupies the Demised Premises, or (ii)____________________, 2005 whichever occurs earlier, and shall end at noon of the last day of the calendar month in which occurs the day preceding the tenth (10th) anniversary of the Commencement Date”) and end at 11:59 p.m. on the Lease Expiration Date. Section 1.4 At any time and from time to time during the Term, Tenant shall have an on-going option (the “Termination Option”) to terminate this Lease. The Termination Option may be exercised by delivering a written notice (the “Termination Notice”) to Landlord specifying the date on which this Lease shall terminate, which ending date shall be at least five is (5) business days after hereinafter referred to as the date on which the Termination Notice is given to Landlord. If Tenant exercises the Termination Option"EXPIRATION DATE"), then this Lease shall terminate, and the Term or shall end on such earlier date upon which said term may expire or be canceled or terminated pursuant to any of the date specified conditions or covenants of this Lease or pursuant to law. Promptly following the Commencement Date the parties hereto (hereinafter sometimes referred to as the "PARTIES") shall enter into a recordable supplementary agreement fixing the dates of the Commencement Date and the Expiration Date and if they cannot agree thereon within fifteen (15) days after Landlord's request therefor, such dates shall be determined by arbitration in the Termination Notice, with all Occupancy Charges (as hereinafter defined) payable with respect manner provided in Article 34. Notwithstanding anything to the Demised Premises apportioned as of such date, and thereafter, except as otherwise contrary set forth in this Lease, neither party Landlord shall have the right, exercisable upon one hundred eighty (180) days prior written notice to Tenant given at any further obligation time after the third (3rd) anniversary of the Commencement Date, to the other party terminate this Lease. 1.04 The "RENTS" reserved under this Lease., for the term thereof, shall be and consist of:

Appears in 1 contract

Samples: Lease (Aveta Inc)

AutoNDA by SimpleDocs

DEMISE, PREMISES, TERM. Section 1.1 For Rents 1.01 Landlord hereby leases to Tenant, and Tenant hereby hires from Landlord, the premises hereinafter described, in the building located at 000 Xxxx Xxxxxx, in the Borough of Manhattan, City, County and State of New York (hereinafter referred to as the "Building"), on the parcel of land more particularly described in Exhibit A (hereinafter referred to as the "Land"), for the term hereinafter stated, for the rents hereinafter reserved and upon and subject to the terms,conditions (including limitations, restrictions and reservations) and covenants hereinafter provided. Each party hereby expressly covenants and agrees to observe and perform all of the conditions and covenants herein contained on its part to be observed and performed. Section 1.2 1.02 The Demised Premises shall include any premises hereby leased to Tenant are a portion of the sixth (6th) floor of the Building, as shown on the floor plan annexed hereto as Exhibit B. Said premises together with all fixtures and equipment which at the commencement, or during the term, of this lease are located thereto attached (except items not deemed to be included therein and were conveyed removable by Tenant as provided in Article 14) constitute and are hereinafter referred to Landlord pursuant to as the Contract of Sale, and the right to use the Limited Common Elements (as defined in the Declaration) which are appurtenant to the Third Floor Unit, and the General Common Elements (as defined in the Declaration) of the Building"Demised Premises". Section 1.3 1.03 The term of this Lease (lease, for which the “Term”) Demised Premises are hereby leased, shall commence on September 1, 2002 (herein referred to as the date hereof (the “"Commencement Date”) "), and shall end at 11:59 5:00 p.m. on of August 31, 2017, which ending date is hereinafter referred to as the Lease "Expiration Date. Section 1.4 At any time and from time to time during the Term", Tenant shall have an on-going option (the “Termination Option”) to terminate this Lease. The Termination Option may be exercised by delivering a written notice (the “Termination Notice”) to Landlord specifying the date on which this Lease shall terminate, which date shall be at least five (5) business days after the date on which the Termination Notice is given to Landlord. If Tenant exercises the Termination Option, then this Lease shall terminate, and the Term or shall end on such earlier date upon which said term may expire or be cancelled or terminated pursuant to any of the date specified in the Termination Notice, with all Occupancy Charges (as hereinafter defined) payable with respect conditions or covenants of this lease or pursuant to the Demised Premises apportioned as of such date, and thereafter, except as otherwise set forth in this Lease, neither party shall have any further obligation to the other party law. 1.04 The "rents" reserved under this Lease.lease, for the term thereof, shall be and consist of:

Appears in 1 contract

Samples: Lease (Atalanta Sosnoff Capital Corp /De/)

DEMISE, PREMISES, TERM. Section 1.1 For (a) The Landlord hereby demises and leases to the Tenant, and the Tenant hereby takes and hires from the Landlord, for the term hereinafter stated, for the rent hereinafter reserved, and upon and subject to the covenants, agreements, terms, Section 1.2 The Demised Premises shall include any fixtures , conditions, limitations, exceptions and equipment which are located therein and were conveyed by Tenant to Landlord pursuant to reservations of this lease, the Contract of Salebuilding known as 00 Xxxxx Xxxxxxxx Xxxx, and Xxx Xxxxxxx, Connecticut, together with the right to exclusive use the Limited Common Elements (as defined in the Declaration) which are appurtenant to the Third Floor Unit, and the General Common Elements (as defined in the Declaration) of the Buildingparking area and land shown and described in Exhibit A, attached hereto and made a part hereof (the "Demised Premises). Section 1.3 (b) The term of this Lease lease and the estate hereby granted (collectively the “Term”"term of this Lease") shall commence on the date hereof Commencement Date (the “Commencement Date”as defined in section 1(c)) and end at 11:59 p.m. on the Lease Expiration Date. Section 1.4 At any time and from time to time during the Term, Tenant shall have an on-going option (the “Termination Option”) to terminate this Lease. The Termination Option may be exercised by delivering a written notice (the “Termination Notice”) to Landlord specifying the date on which this Lease shall terminate, which date shall be at least five (5) business days after the date on which the Termination Notice is given to Landlord. If Tenant exercises the Termination Option, then this Lease shall terminate, and the Term shall end on the last day of the calendar month in which occurs the day preceding the fifth (5th) anniversary of the Commencement Date, which ending date, unless the context otherwise requires, is hereinafter called the "Expiration Date", or shall end on such earlier date specified in upon which the Termination Notice, with all Occupancy Charges term of this lease may expire or be terminated pursuant to any of the provisions of this lease or pursuant to law. (as hereinafter definedc) payable with respect to The term "Commencement Date: shall be that date when the Demised Premises apportioned as of such dateare ready for occupancy by the Tenant, or on August 1, 1995, whichever date shall occur later, and thereafterall of the following conditions are met: (i) temporary or final certificate of occupancy shall have been issued by the City of New Britain permitting the activities specified in Section 5 to be conducted in the Demised Premises; (ii) the contractor engaged by the Landlord has issued a certificate attesting that the Landlord's Work (as defined in section 4(b)) has been substantially completed; and (iii) the Landlord's Work has been substantially completed, except and it shall be deemed to be substantially completed notwithstanding the fact that minor or insubstantial details of construction, mechanical adjustment or decoration remain to be performed, the noncompletion of which does not interfere materially with the Tenant's normal use and occupancy of the Demised Premises, provided, however, that if substantial completion of the Landlord's Work shall be delayed beyond July 31, 1995, because of changes in the Landlord's Work at the request of the Tenant as otherwise provided in Section 4(c) (within fifteen (15) days after the delivery of any such change request, the Landlord shall notify the Tenant Initials _________ (Landlord) _________ (Tenant) whether or not such change request is likely to cause a delay in the completion of the Landlord's Work beyond July 31, 1995) then the Commencement Date shall be deemed to be August 1, 1995, provided all other work has been substantially completed, even though the conditions set forth in this Lease, neither party Section 1(c) shall not have any further obligation to the other party under this Leasebeen satisfied.

Appears in 1 contract

Samples: Lease Agreement (Boston Biomedica Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!