Demise Term. (a) Owner hereby leases to Tenant and Tenant hereby hires from Owner the land, together with all buildings and improvements now or hereafter located thereon, located at 000 Xxxxxxx Xxxxxx, Brooklyn, New York (collectively, the “Premises”), for a term of five (5) years commencing on January 1, 2005 (the “Commencement Date”), and ending on the last day of the month in which shall occur the fifth anniversary of the Commencement Date (the “Expiration Date”), unless the term is sooner cancelled, terminated or extended as provided in this lease, subject to all covenants, restrictions, easements, agreements and other matters now or hereafter affecting title to the Premises.
(b) Tenant shall have the right to extend the term of this lease for a period of five years, commencing on the day immediately following the Expiration Date and expiring on the fifth anniversary of the Expiration Date, on the same terms as are set forth in this lease (except that the fixed rent shall be as provided in this Section and Tenant shall have no further option or right to extend the term), provided (i) Tenant shall give notice to Owner of Tenant’s exercise of its right to extend the term of this lease on or before the date which is 180 days prior to the date initially set forth as the Expiration Date (time being of the essence) and (ii) Tenant is not in default under this lease on the date Tenant exercises its right. If Tenant duly exercises its right to extend the term, any reference in this lease to the term shall be deemed a reference to the term, as extended.
(c) The annual fixed rent during the extended term shall be the higher of: (i) the annual fixed rent payable in the last year of the initial term or (ii) the annual fair market fixed rent (“Market Rent”) for the Premises (on the terms set forth in this lease) as determined by Owner within 60 days after receipt of Tenant’s notice. Promptly after making the determination, Owner shall give notice to Tenant of
Demise Term. 20th Floor Premises and 21st Floor Premises.
Demise Term. Sublandlord hereby subleases to Subtenant, and Subtenant hereby hires from Sublandlord, the Premises for a term to commence (subject to the provisions of Sections 17 and 18 hereof) on the Possession Date (as hereinafter defined), and to expire (unless extended or sooner terminated in accordance with this Sublease or applicable law) on June 29, 2036 (such date the “Expiration Date”), both dates inclusive (as may be extended or sooner terminated, the “Term”); it being agreed and acknowledged by Sublandlord and Subtenant that Subtenant shall not (i) perform any alterations within the Premises, (ii) conduct any business in the Premises, or (iii) interfere with the performance of Sublandlord’s Work (as hereinafter defined), in each case, until the Commencement Date (as hereinafter defined). “Possession Date” means the date upon which all of the following have occurred: (w) this Sublease has been fully executed, (x) Sublandlord and Subtenant have received Prime Lessor’s unconditional written consent to this Sublease (substantially in the form attached hereto as Exhibit B) (the “Sublease Consent”), (y) delivery to Subtenant of the Prime Lessor’s Non-Disturbance Agreement, and (z) Sublandlord shall have tendered possession of the Premises to Subtenant.
Demise Term. 2.1. LESSOR, for and in consideration of the covenants hereinafter contained and made on the part of the LESSEE, does hereby demise and lease to LESSEE, and LESSEE does hereby hire from LESSOR, the Demised Premises, subject, however, to the terms and conditions of this Lease.
2.2. The term (the "Term") of this Lease shall commence on the Commencement Date and shall end on the Termination Date.
Demise Term. 2.1. LESSOR, for and in consideration of the covenants hereinafter contained and made on the part of the LESSEE, does hereby demise and lease to LESSEE, and LESSEE does hereby hire from LESSOR, the Demised Premises, together with the non-exclusive right to use 50 automobile parking spaces in the general parking area on the Land and the non-exclusive right to use such other portions of the Premises as are intended for common use, subject, however, to the terms and conditions of this Lease. Tenant has inspected the Demised Premises and accepts the same "as is" in its present condition, subject to the construction of the Finish Work.
2.2. The term (the "Term") of this Lease shall commence on January 1, 2008 (the "Commencement Date"), and shall end on the earlier of (i) the date LESSEE elects to terminate the Lease, provided that such early termination date may not be before December 31, 2008 and provided further that LESSEE gives LESSOR at least 180 days prior written notice of such selected termination date, and (ii) the Termination Date of December 31, 2010 (Article 1, Section 1.1 subsection ar).
Demise Term. Landlord, for and in consideration of the rent, covenants and agreements herein contained to be paid, kept and performed by Tenant, does hereby lease to Tenant upon and subject to all of the terms and conditions herein contained the land (the “Premises”) legally described on Exhibit A, which is attached hereto and made a part hereof for all purposes. The Premises consists of Lots 4 and 6 and a portion of Xxx 0 xx Xxxxxxxx Xxxxxxx Xxxxxx, a subdivision of Pima County, Arizona, according to the Plat of record in Book 56 of Maps and Plats at Page 84, records of Pima County, Arizona (“Broadway Xxxxxxx Center”). Landlord is leasing the Premises in its present condition, except as specifically set forth herein. The term of this Lease (the “Term”) shall begin at 11:59 p.m. on the first (1st) business day following mutual execution and delivery of this Lease (the “Commencement Date”) and expire at 11:59 p.m. on January 31, 2029, unless earlier terminated in accordance with the terms hereof. Landlord hereby grants to Tenant the option (individually, an “Option”) to extend the Term for up to eleven (11) consecutive periods of five (5) years each (individually, an “Option Term”) on the same terms and conditions as set forth in this Lease. Each Option shall be exercised, if at all, by giving written notice to Landlord at least six (6) months prior to the expiration of the Term then in effect. Upon each such exercise, this Lease shall be extended without the execution of any further lease or other instrument. The failure to exercise a preceding Option shall terminate all succeeding Options.
Demise Term. (a) Owner leases to Tenant, and Tenant leases from Owner, the Premises, for the Term, upon and subject to the provisions of this Lease, subject only to the Title Matters.
(b) Except as otherwise expressly provided in this Lease, this Lease shall not terminate, the obligations of Owner or Tenant under this Lease shall not be affected, and the Rent shall not be reduced, for any reason.
Demise Term. Sublandlord hereby leases to Subtenant and ------------ Subtenant hereby rents and hires from Sublandlord the entire Subpremises, for a term commencing on April 24, 2000 ("Commencement Date"). The term of this Sublease shall end on August 31, 2001, or such earlier date as this Sublease may terminate pursuant to the terms hereof, or if earlier terminated pursuant to the provisions of the Prime Lease, the Full 64 Sublease or the Xxxxxxxxx (the "Expiration Date").
Demise Term. 2.1. Sublandlord hereby subleases to Subtenant, and Subtenant hereby subleases from Sublandlord, the Premises upon and subject to the terms and conditions hereinafter set forth.
2.2. The term of this Sublease (the “Term”) shall commence on the date (the “Commencement Date”) that is the last to occur of the following, which the parties anticipate being on or about June 30, 2011:
(i) Sublandlord and Subtenant execute and deliver this Sublease:
(ii) Pfizer, True North and Hiro consent in writing to this Sublease as provided in Section 14 hereof, including to Subtenant’s signage, and Subtenant has received copies of all of such consents;
(iii) Sublandlord delivers vacant possession of the Premises to Subtenant, with a finished demising wall separating Subtenant’s Premises from the balance of the Building’s 11th floor, with substantially all personal property, other than the Personal Property (as hereinafter defined in Section 15), removed and otherwise in the same condition as of the date of execution and delivery of this Sublease, subject to normal wear and tear; and
Demise Term. Sublandlord hereby subleases the Premises to Subtenant, and Subtenant hereby subleases the Premises from Sublandlord, for a term (the "SUBLEASE TERM") commencing as of July 1, 2002 (the "SUBLEASE TERM COMMENCEMENT DATE"), and expiring March 27, 2006 or on the Extended Termination Date (as hereinafter defined) or on such earlier date upon which said term may expire or terminate pursuant to any of the conditions of limitation or other provisions of the Master Lease or this Sublease or pursuant to the provisions of any present or future constitution, law, statute, ordinance, rule, regulation, other governmental order or controlling judicial determination of any federal, state, local, municipal or other governmental body, agency or authority having or asserting jurisdiction and all departments, commissions, boards and officers thereof (collectively the "LAWS"). Notwithstanding anything herein to the contrary, the Sublease Term shall terminate upon the termination of the Term of the Master Lease. Subtenant and Sublandlord agree that no extension rights or renewal options have been granted to Subtenant by Sublandlord and this Sublease shall not be conditioned or contingent upon Subtenant receiving extension or renewal rights from any party.
(a) If, prior to March 27, 2006, Subtenant and Lessor enter into a lease of the Premises, then the Sublease Term shall expire on June 30, 2006 (the "EXTENDED TERMINATION DATE)" without the necessity of execution of any further documentation.
