Description of Property and Term Sample Clauses

Description of Property and Term. For and in consideration of the agreement of Tenant to pay the rental and other sums herein provided for and to perform the terms, covenants and conditions on its part herein contained, the full performance and observance of which and all thereof being hereby agreed by Tenant to the conditions precedent and subsequent to the covenants on the part of Landlord, and, at the option of Landlord, to the continuance of this lease, Landlord hereby leases to Tenant, and Tenant hereby hires and takes from Landlord certain space located on the 1st floor of the building and designated on the attached Exhibit "A".
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Description of Property and Term. For and in consideration of the rent prescribed herein and of the faithful performance by Lessee of the other terms, covenants, agreements and conditions herein contained on the part of Lessee to be kept and performed, Lessor hereby leases unto Lessee and Lessee does hereby hire from Lessor that certain parcel of land being a portion of the grounds of The Xxxxxx Xxxxxxxx Junior University located within the boundaries of the City of Palo Alto, County of Santa Xxxxx, State of California, and more particularly described as follows: BEGINNING at a concrete highway monument set on the Southwesterly line of EI Camino Real (State Highway) opposite Engineers Station 144 + 27.00 as surveyed by the California Division of Highways as said Southwesterly line was established by that Decree in Condemnation, a certified copy of which Decree was filed for record in the office of the Recorder of the County of Santa Xxxxx, State of California, on July 7, 1930 in Book 520 of Official Records, at page 571, said monument also marks the point of intersection of said Southwesterly line with the Southeasterly line of that certain 1289 acre tract of land described in the Deed from Xxxxxx X. Xxxxxx, et al, to Xxxxxx Xxxxxxxx, dated September 8, 1885, recorded September 8, 1885 in Book 80 of Deeds, page 382, Santa Xxxxx County Records; running thence North 56° 39’ West along said Southwesterly line of EI Camino Real for a distance of 2784.83 feet; thence leaving said line of El Camino Real, South 33° 21’ West 1585.78 feet; thence North 56° 39’ West 364.11 feet to the true point of beginning of this description; thence from said true point of beginning South 33° 24’ 55” West 589.71 feet to the Southwesterly line of that certain 5.479 acre tract of land described in the Memorandum of Lease executed by and between the Board of Trustees of the Xxxxxx Xxxxxxxx Junior University, Lessor, and Xxxxxxx Instruments, Inc., Lessee dated December 28, 1955, recorded January 11, 1956 in Book 3384 of Official Records, page 14, Santa Xxxxx County Records; thence South 56° 39’ East along said Southwesterly line, 364.78 feet to the Southern most xxxxx thereof; thence South 56° 26’ 07” East 305.53 feet; thence South 33° 36’ 20” West 148.13 feet; thence South 56° 23’ 40” East 259.62 feet to a point on a line which is parallel with and distant Northwesterly 90.00 feet at right Building 4 angles from the center line of Page Mill Road (60.00 feet in width), thence North 33° 28’ 37” East along said paralle...
Description of Property and Term. Section 1.1 For and in consideration of the rent prescribed herein and of the faithful performance by LESSEE of the other terms, covenants, agreements and conditions herein contained on the part of the LESSEE to be kept and performed, LESSOR hereby leases unto LESSEE and LESSEE does hereby rent from LESSOR, the Demised Premises. Section 1.2 The primary term of this Lease shall be ten (10) years commencing on the Rental Commencement Date and terminating ten (10) years thereafter. The "Rental Commencement Date" shall be deemed to be November 1, 2000, or such earlier date as LESSOR may acquire title to the Demised Premises pursuant to separate arrangements between LESSOR and LESSEE. The first "Lease Year" as hereinafter referred to shall commence on the Rental Commencement Date and terminate one (1) full year thereafter. Each "Lease Year"thereafter commences on the annual anniversary of the Rental Commencement Date and terminates one (1) full year thereafter.
Description of Property and Term. (a) For and in consideration of the agreement of Lessee to pay the rental and other sums, and to perform the terms, covenants and conditions on its part herein contained, Lessor hereby leases to Lessee, and Lessee hereby hires and takes from Lessor, the aforementioned premises, together with two 12X 60 Modular Offices, I.D. Nos. R8927-2460-02 and R8927-2460-01 also described as ROW8927 A/B, and all other improvements located thereon, in an “As Is” condition. Lessor represents the Property is zoned C-3, and is otherwise suitable for the anticipated use by Lessee, for the sale, lease and repair of Automobiles and trucks. (b) The term of this Lease shall commence on the 1st day of April 2007 and shall be for a period of One Year and seven months, expiring on the 31st day of August 2008, unless sooner terminated.
Description of Property and Term. (a) For and in consideration of the agreement of Tenant to pay the rent and other sums herein provided for and to perform the terms, covenants and conditions on its part herein contained, the full performance and observance of which and all thereof being hereby agreed by Tenant to be conditions precedent and subsequent to the covenants on the part of Landlord, and, at the option of Landlord, to the continuance of this lease, Landlord hereby leases to Tenant, and Tenant hereby hires and takes from Landlord approximately 6,000 square feet, comprising the entire Building C, shown on the attached Exhibit "A", located in Thornton, Colorado, and more particularly designated on the floor plan attached hereto as Exhibit "B" and made a part of this lease, and hereinafter referred to as the "premises."
Description of Property and Term. (a) For and in consideration of the rent prescribed herein and of the faithful performance by Lessee of the other terms, covenants, agreements and conditions herein contained on the part of Lessee to be kept and performed, Lessor hereby leases unto Lessee and Lessee does hereby hire from Lessor that certain parcel of land being portion of the lands of The Xxxxxx Xxxxxxxx Junior University located within the boundaries of the County of Santa Xxxxx, State of California, and more particularly described on Exhibit A, attached hereto and by this reference made a part hereof, (b) There is expressly excepted and reserved from the leased premises the easement, hereinafter referred to as the “Easement”, described in Exhibit A. Lessor, its agents, employees, successors-in-interest, assignees, licensees and invitees shall have the right to use the Easement for ingress and egress to any and all lands of Lessor by pedestrians and by vehicles of every make, size and description. Lessor agrees to pay to Lessee, not more often than monthly, one-half the direct costs (excluding capital costs except capital costs attributable to the period of Lessor’s actual use), to Lessee, determined by generally accepted accounting principles, of maintaining the Easement for such purposes reasonably allocable to the period of Lessor’s actual and regular use. Lessee agrees to maintain Easement so that it shall be suitable for the above-described uses. The obstruction of the Easement, or the doing of any act which may be inconsistent with Lessor’s rights in the Easement, for whatever length of time, shall never be deemed or construed to vest in Lessee any prescriptive rights with respect to the Easement. It is expressly provided that Lessor’s non-use of the Easement shall never operate to limit or curtail Lessor’s rights hereunder, and that the terms of this subparagraph 1(b) are essential to this lease. (c) The term of this lease shall be fifty-one (51) years, commencing Xxxxx 00, 0000, xxx xxxxxxxxxxx Xxxxx 00 , 0000 (i) Lessee, as part of the consideration hereunder to Lessor, agrees that during the term of this Lease Lessee at its sole expense shall, with respect to the property (hereinafter referred to as the “Strip”) described in Exhibit B attached hereto and by this reference incorporated herein, landscape said Strip as set forth in the general plans and specifications approved by Lessor, maintain said landscaping free and clear of any weeds, pests and debris, and fulfill the obliga...

Related to Description of Property and Term

  • Description of Property A narrative description of the Real Estate, the improvements thereon and the tenants and Leases relating to such Real Estate.

  • DESCRIPTION OF PROJECT For the Company to be eligible to earn the Maximum Credit Amount, the Company will satisfy its obligations as reflected in the following representations, which the IEDC has relied upon: A. The Company will complete the Project at the Project Location. B. The Company represents that the number of permanent, Full-Time Employees (as defined in Indiana Code § 6–3.1–13–4) from whom Indiana state income tax withholdings are retained by the State of Indiana, employed as of the Commencement Date at the Project Location, is the Base Employment Number. C. The Project will result in the creation of New Employees (as defined in Indiana Code § 6- 3.1-13-6) at the Project Location of at least the Additional Jobs Commitment. D. The average of the hourly wages, before benefits, paid to New Employees at the Project Location, will at least equal the Average Wage Commitment. E. At the discretion of the IEDC, New Employees that are paid an average wage of less than the Minimum Wage Commitment may be excluded for the purpose of calculating the credit amount. F. The Project is anticipated to involve at least the Capital Investment Amount.

  • Description of Projects Services a. Project/Services to be performed by A-E shall consist of the work as specified herein and as required in Attachment A. If in the event Attachment A shall be in conflict with any provision of this Contract, the wording as set forth in Attachment A shall prevail. b. A-E shall be responsible for submitting all Projects/Services to County in a form which has been thoroughly reviewed and checked for completeness, accuracy and consistency by the registered professional named in Section 1.1.2 herein; and, any Projects/Services not meeting this requirement will be returned to A-E prior to review by County.

  • SAFETY AND PROTECTION OF PROPERTY The Contractor shall at all times: A. Initiate, maintain and supervise all safety precautions and programs in connection with its services or performance of its operations under this contract. B. Take all reasonable precautions to prevent injury to employees, including County employees and all other persons affected by their operations. C. Take all reasonable precautions to prevent damage or loss to property of Orange County, or of other Contractors, consultants or agencies and shall be held responsible for replacing or repairing any such loss or damage. D. Comply with all ordinances, rules, regulations, standards and lawful orders from authority bearing on the safety of persons or property or their protection from damage, injury or loss. This includes but is not limited to: o Occupational Safety and Health Act (OSHA) o National Institute for Occupational Safety & Health (NIOSH) o National Fire Protection Association (NFPA) o American Society of Heating, Refrigeration & Air-Conditioning Engineers (ASHRAE) E. The Contractor shall also comply with the guidelines set forth in the Orange County Safety & Health Manual. The manual can be accessed online at the address listed below:

  • Operation of Property (a) Borrower shall not cause or permit Mortgage Borrower to, without Lender’s prior consent: (i) surrender, terminate or cancel (or permit to be surrendered, terminated or canceled) any of the Operating Leases (other than in connection with a sale and release of an Individual Property permitted hereunder), or exercise any remedies under any of the Operating Leases; (ii) reduce or consent to the reduction of (or permit the reduction or the consent to the reduction) of the term of any of the Operating Leases or any Operating Lease Guaranty; (iii) decrease or consent to any decrease (or permit to be decreased or the consent to the decrease) of the amount of any rent or other charges payable under any of the Operating Leases; (iv) Transfer, convey, assign, sell, mortgage, encumber, pledge, hypothecate, grant a security interest in, grant an option or options with respect to, or otherwise dispose of (directly or indirectly, voluntarily or involuntarily, by operation of law or otherwise, whether or not for consideration) the Properties or any collateral for the Mortgage Loan (or permit Operating Company to do so), in each case without the prior written consent of Lender or except as expressly permitted in Section 5.1.20 or Section 5.2.10, or (v) otherwise modify, change, supplement, alter or amend, or waive or release (or permit to be modified, changed, supplemented, altered, amended, waived or released) any of the rights and remedies of Borrower, Mortgage Borrower or any Operating Company under any of the Operating Leases in any material respect or any Operating Lease Guaranty (provided that Lender shall not unreasonably withhold its consent to any modification, change, supplement, alteration, amendment, waiver or release of the Operating Lease as may be reasonably necessary to comply with the requirements of this Agreement or any other Loan Document). (b) During the continuance of an Event of Default, Borrower shall not exercise (and shall not cause or permit Mortgage Borrower to exercise) any rights, make any decisions, grant any approvals or otherwise take any action under any Operating Lease, Operating Lease Guaranty or any Management Agreement without, in each instance, the prior written consent of Lender, which consent may be withheld in Lender’s sole discretion.

  • DESCRIPTION OF PREMISES In consideration of the performance of all the covenants and conditions herein, as of the effective date of residence, the BSC does hereby undertake to provide room or room and board service to Member as described below. This Contract does not guarantee specific apartment complexes, apartments, houses, rooms, room sizes, or roommates, and the BSC reserves the right to reassign members within the BSC, at any time during the term hereof, in order to make the most effective use of available space, or for any other reason to further the harmony, effectiveness or other organizational goals that the Board of Directors may from time to time determine. As such, Member may have exclusive or non-exclusive rights to use the apartment/bedroom they are assigned (depending on whether or not they are assigned a roommate(s)) and non-exclusive rights to use the common areas of the unit to which they are assigned.

  • Condition of Properties All facilities, machinery, equipment, fixtures and other properties owned, leased or used by the Company are in reasonably good operating condition and repair, subject to ordinary wear and tear, and are adequate and sufficient for the Company’s business.

  • Operation of Properties The Borrower will and will cause each Subsidiary to operate its Properties or cause such Properties to be operated in a careful and efficient manner in accordance with the practices of the industry and in compliance with all applicable contracts and agreements and in compliance in all material respects with all Governmental Requirements.

  • Description of Processing Include a description of how the disclosed information will be processed by each receiving party.

  • Condition of Property Seller or the originator of the Mortgage Loan inspected or caused to be inspected each related Mortgaged Property within six months of origination of the Mortgage Loan and within twelve months of the Cut-off Date. An engineering report or property condition assessment was prepared in connection with the origination of each Mortgage Loan no more than twelve months prior to the Cut-off Date. To Seller’s knowledge, based solely upon due diligence customarily performed in connection with the origination of comparable mortgage loans, as of the Closing Date, each related Mortgaged Property was free and clear of any material damage (other than (i) deferred maintenance for which escrows were established at origination and (ii) any damage fully covered by insurance) that would affect materially and adversely the use or value of such Mortgaged Property as security for the Mortgage Loan.

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