Demise; Term; Permitted Use Clause Samples
The 'Demise; Term; Permitted Use' clause defines the property being leased, the duration of the lease, and the specific purposes for which the tenant may use the premises. It typically identifies the exact space covered by the lease, states the start and end dates of the tenancy, and outlines any restrictions or allowances regarding the tenant’s activities on the property, such as limiting use to office, retail, or industrial purposes. This clause ensures both parties are clear on the scope of the lease, the time frame of occupancy, and the acceptable uses of the property, thereby preventing disputes over unauthorized activities or misunderstandings about the lease’s duration.
Demise; Term; Permitted Use. 2.1 Sublandlord hereby subleases to Subtenant, and Subtenant hereby hires from Sublandlord, the Sublease Premises upon and subject to the terms and conditions hereinafter set forth.
2.1.1 Subject to Section 15 below, the term of this Sublease (the “Term”) shall commence on the earlier to occur of (i) February 1, 2007; or (ii) the date Subtenant first occupies the Sublease Premises for the conduct of its business (the “Commencement Date”), provided that Overlandlord’s Consent has been received in accordance with Section 15 below. Subtenant’s activities during the early access period, as described below, shall not constitute the conduct of Subtenant’s business for purposes of determining the Commencement Date. Upon full execution of the Consent as more particularly described in Section 15 hereof, Subtenant shall have the right to early access to the Sublease Premises for the purposes of designing, planning and constructing its alterations and improvements, and installing its furniture, networks, telecommunications equipment, fiber and related furniture, fixtures and equipment; provided that (a) Subtenant deliver to Sublandlord reasonable prior notice of its access the Sublease Premises, (b) Sublandlord may have its representative accompany Subtenant and/or its agents during such early access, (c) Subtenant does not thereby unreasonably interfere with Sublandlord’s business in the ▇▇▇▇▇▇▇▇▇ Premises, (d) Subtenant hereby indemnifies and agrees to defend, and hold Sublandlord harmless from any and all claims, liability, loss, damage, death or personal injury to the Sublease Premises or any persons therein arising from such early access, (e) such early access to the Sublease Premises shall be shall be subject to all of the terms and conditions of this Sublease and the ▇▇▇▇▇▇▇▇▇, and shall be subject to Subtenant providing to Sublandlord reasonably satisfactory evidence of insurance for personal injury and property damage related to such access, and (f) such early access is not objectionable to the Overlandlord and does not trigger a default under the ▇▇▇▇▇▇▇▇▇. Notwithstanding clause (e) in the preceding sentence, Subtenant shall not be obligated to pay Sublease Rent or Subtenant’s Proportionate Share of the Tax Payment or Subtenant’s Proportionate Share of the Operating Payment during the early access period, provided, however, that Subtenant shall reimburse Sublandlord for any charges, costs, fees or other amounts incurred in connection with Subtenant’s early...
Demise; Term; Permitted Use. 2.1 Sublandlord hereby subleases to Subtenant, and Subtenant hereby hires from Sublandlord, the Sublease Premises upon and subject to the terms and conditions hereinafter set forth. In addition, Subtenant shall have the right to use, in common with others and to the same extent as Sublandlord, the common areas of the Building, including without limitation, the lobby, public entrances, public stairways and public elevators of the Building.
2.2 The term of this Sublease shall commence on the date (the “Commencement Date”) which is the latest to occur of (a) the date on which the Overlandlord shall have consented to this Sublease in accordance with Section 15 below, and (b) the date that the Demising Work (as hereinafter defined) is complete. The “Nominal Commencement Date” shall mean the Commencement Date, except that if the Commencement Date occurs on a day other than the first day of a calendar month, the Nominal Commencement Date shall mean the first day of the first calendar month following the Commencement Date.
Demise; Term; Permitted Use. Sublandlord hereby subleases to Subtenant, and Subtenant hereby hires from Sublandlord, the Sublease Premises upon and subject to the terms and conditions hereinafter set forth. The term of this Sublease shall commence on the first date (the “Commencement Date”) on which all of the following shall have occurred: Overlandlord shall have consented hereto in accordance with Section 14 below; The Sublease Premises shall be vacant and free and clear of all rights of occupancy of third parties;
Demise; Term; Permitted Use. 2.1. Sublandlord hereby subleases to Subtenant, and Subtenant hereby hires from Sublandlord, the Sublease Premises upon and subject to the terms and conditions hereinafter set forth.
2.2. The term of this Sublease shall commence on the first date (the “Commencement Date”) on which all of the following conditions (the “Conditions”) shall have occurred:
2.2.1. Overlandlord shall have consented hereto in accordance with Section 15 below; and