Description of Property and Term Sample Clauses

Description of Property and Term. 1. (a) 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 3 angles from the center line of Page Mill Road (60.00 feet in width), thence North 33° 28’ 37” East along said paralle...
Sample 1
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."
Sample 1
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.
Sample 1
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.
Sample 1
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,
Sample 1

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.

  • Operation of Property To continue to operate the Property consistent with past practices.

  • Description of Premises Landlord does hereby demise, lease and let unto Tenant, and Tenant does hereby take and receive from Landlord the following:

  • 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.

  • Maintenance of Property and Insurance Until the End Date, the Company shall keep all of its property, which is necessary or useful to the conduct of its business, in good working order and condition, ordinary wear and tear excepted. Until the End Date, the Company will maintain insurance coverage of the type and not less than the amount in effect as of the Closing Date.

  • Maintenance of Property; Insurance (a) Keep all property useful and necessary in its business in good working order and condition, ordinary wear and tear excepted and (b) maintain with financially sound and reputable insurance companies insurance on all its property in at least such amounts and against at least such risks (but including in any event public liability, product liability and business interruption) as are usually insured against in the same general area by companies engaged in the same or a similar business.

  • Maintenance of Property and Licenses (a) In addition to the requirements of any of the Security Documents, protect and preserve all Properties necessary in and material to its business, including copyrights, patents, trade names, service marks and trademarks; maintain in good working order and condition, ordinary wear and tear excepted, all buildings, equipment and other tangible real and personal property; and from time to time make or cause to be made all repairs, renewals and replacements thereof and additions to such Property necessary for the conduct of its business, so that the business carried on in connection therewith may be conducted in a commercially reasonable manner, in each case except as such action or inaction would not reasonably be expected to result in a Material Adverse Effect.

  • 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.

  • Protection of Property All records, files, manuals, documents, specifications, lists of customers, forms, materials, supplies, computer programs and other materials furnished to the Executive by the UTi Group, used on its behalf or generated or obtained during the course of the performance of the Executive’s services hereunder, shall at all times remain the property of the Company. Upon termination of Executive’s employment with the UTi Group, or at any other time upon request by the Company or any other member of the UTi Group, Executive shall immediately deliver to the UTi Group, or its authorized representative, all such property, including all copies, remaining in Executive’s possession or control.

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