Demised Property. With respect to any Colocation Site, if the Majority Occupant elects in its discretion to perform the Demising Work, the Majority Occupant shall:
(i) notify the Minority Occupant(s) of its decision to demise the Colocation Site and the form of Property Transaction agreement that will be executed by the Parties, which shall be either: (A) for owned properties, a lease; (B) for leased properties, a sublease; and/or (C) the site will be included in the TSA for a specified term while the Demising Work is being completed followed by a lease or sublease (as applicable); and
(ii) perform the Demising Work for such Colocation Site and pay the Demising Costs (subject to the right for the Majority Occupant to include in the lease or sublease that a reasonable portion of the Demising Costs shall be reimbursed as “additional rent” from the Minority Occupant(s) as may be customarily charged to third party tenants); and
(iii) within a reasonable period of time after such notice (or such other period as agreed by the Parties, which shall to the extent feasible occur prior to the Real Estate Separation Date), subject to Section 2.7, the Parties will execute or agree to execute the required arm’s length agreements with commercially reasonable terms and conditions for a term that shall be less than twenty-four (24) months from the Distribution Date or such longer term as identified on the Exception Schedule. Sections 2.5(c), (d), (e) and (f) shall apply to those Colocation Sites where the Majority Occupant has elected to perform the Demising Work and demise the Colocation Site.
Demised Property. LANDLORD does hereby demise and lease to TENANT, its successors and assigns, and TENANT does hereby take and hire from LANDLORD, the floor space located on the ground floor of the Building aggregating 5,300 square feet of office, warehouse and laboratory space, all as set forth on the floor plan attached hereto as Exhibit A and made a part hereof and all the improvements located thereon (hereinafter referred to as the "Leased Premises") .
Demised Property. The real property, improvements, fixtures and appurtenances described in Section 1.01 above are collectively referred to herein as the "Demised Property."
Demised Property. All that piece and parcel of Land measuring 12.20 Acres together with structures erected thereon, comprised under Xxxxx Xxxxxxx, X.X. Xx. 9, in Dag Nos. 36(P), 39(P), 43(P), 47(P), 48(P), 49, 50, 51, 52, 53, 54, 55(P), 56, 57, 58, 59, 60, 61(P), 62(P), 63, 64(P), 65(P), 66(P), 67(P), 72, 73(P), 74, 75, 76(P), 129(P), 133(P), 136(P), 146(P), 147(P), 148(P), 149, 150(P), 549, 553, 554(P), 555(P), 556(P) admeasuring 10.82 Acres and under Mouza Palpara, X.X. No. 7, in Dag Nos. 32(P), 35(P), 38, 42(P), 47(P), 224(P) admeasuring 1.38 Acres, and the collective land measuring 12.20 Acres situate, lying at and being a divided and demarcated part or portion of Premises No. 561, Bonhooghly Arable Land, Lake View Park Road, Holding No. 4 (formerly 1290), Xxxx Xx. 00, Xxxxxxx- 000000, within the jurisdiction of Baranagar Municipality, under Police Station Baranagar, Post Office Baranagar, in the District of North 24-Parganas, delineated on the Plan annexed hereto in Annexure “A” (“Plan”) and thereon shown surrounded by yellow colour boundary lines.
Demised Property. The Lessor hereby leases to Lessee and Lessee hereby takes and rents from the Lessor, upon the terms, conditions, covenants and provisions contained herein, the Demised Property. The "Demised Property" means that certain tract or parcel of real property consisting of 1.1 acres located in Easley, Xxxxxxx County, South Carolina and more specifically described in the survey attached hereto and incorporated herein as Exhibit A.
Demised Property. Landlord, for and in consideration of the rents herein reserved and the covenants and agreements herein contained which are to be performed by Tenant, hereby leases to Tenant, and Tenant hereby leases from Landlord, the parcels of property (other than the subsurface) described as Parcel 1 (“Parcel 1”) and Parcel 2 (“Parcel 2”) on Exhibit A attached hereto and made a part hereof (collectively, the “Demised Property”), together with improvements located thereon and all rights, privileges and appurtenances thereto, which parcels constitute a portion of the real estate and improvements commonly known as Hialeah Yard Property, located in the County of Miami-Dade, State of Florida and more particularly described on Exhibit B attached hereto and made a part hereof (“Hialeah Yard Property”); provided however, the Demised Property shall be reduced to only consist of Parcel 1 as of June 30, 2012, unless reduced earlier pursuant to Section 2.03 hereof, and Landlord reserves the right set forth in Section 1.02 below.
Demised Property. Subject to and in accordance with the terms and conditions contained in the Lease, the Landlord leased unto the Tenant, and the Tenant leased from the Landlord, among other things, the whole of the lands referenced in the Notice of Lease to which this Schedule is attached, together with all improvements located thereon (collectively, the “Demised Property”).
Demised Property. LANDLORD does hereby demise and lease to TENANT, its successors and assigns, and TENANT does hereby take and hire from LANDLORD, the Land and the Building (hereinafter referred to as the "Leased Premises"). The floor space located in the Building shall aggregate not less than 37,400 square feet of office, lab and warehouse space, all as set forth on the floor plan attached hereto as Exhibit B and made a part hereof and all the improvements located thereon. Effective upon Delivery of Possession (as hereinafter defined) and further provided TENANT is not in default in the payment of rent under the 847 Main Lease (hereinafter defined), LANDLORD agrees that the Lease Agreement between LANDLORD and TENANT, dated December 13, 2001, with respect to the real property and improvements commonly know as 000 Xxxx Xxxxxx; Xxxxxxx, Xxx Xxxx (the "847 Main Lease") shall cease to be of any further force and effect and TENANT shall be released from and against any and all liability for rent and other charges of any kind and nature thereafter becoming due under the terms of the 847 Main Lease. Notwithstanding such termination, LANDLORD and TENANT acknowledge and agree that TENANT shall have the right to occupy the premises leased pursuant to the 847 Main Lease for not more than thirty (30) days following Delivery of Possession. LANDLORD further agrees to deliver to TENANT on Delivery of Possession, the sum of Twenty-Five Thousand Dollars ($25,000), which sum shall be utilized by TENANT for moving and similar transitional expenses related to its relocation from 000 Xxxx Xxxxxx to the Leased Premises.
Demised Property. Landlord does hereby demise and lease to Tenant, its successors and assigns, and Tenant does hereby take and hire from Landlord, the floor space located on the first floor of the Building aggregating 17,480 square feet of office (and warehouse), space all as set forth on the floor plan attached hereto as Exhibit A and made a part hereof and all the improvements located thereon and all easements, rights of way and other appurtenances (hereinafter referred to as the "Leased Premises").
Demised Property
