GRANT OF SUB-LEASE Sample Clauses

GRANT OF SUB-LEASE. (a) The Lessee hereby grants a renewal of the sub-lease for the Said Lot (“Sub-lease”) for a Sub-lease Period as stipulated in Clause 2.2 and the Sub-lessee hereby accepts the Sub-lease, upon the terms and conditions of this Sub-Lease Agreement. (b) The Sub-lessee undertakes with the Lessee that upon the execution of this Sub-Lease Agreement, [he/she/it] shall enter into the Management Agreement and give to the Management Company the exclusive, free and uninterrupted possession, management and control of the Said Lot for the entire Sub-lease Period as to enable the Management Company to manage the Said Lot and other lots comprised under the Main Lease as one economic unit.
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GRANT OF SUB-LEASE. 2.1 BECL represents and warrants to, and covenants with, the Company that BECL is well seized of and has, and shall have and maintain during the Term, good and valid legal and beneficial leasehold ownership, right, title and interest in and to the Site, and is entitled under the laws of Pakistan to grant the exclusive rights in respect of the Site to the Company, for the purposes of the Project in accordance with the terms of this Site Lease Agreement. 2.2 In consideration of the Company agreeing to enter into, and performing its obligations under the Energy Purchase Agreement and agreeing to pay the lease payments to BECL in accordance with Article III below, BECL hereby demises unto the Company the Site, by way of an exclusive sub-lease, together with all rights, easements and privileges appurtenant thereto, free from any Encumbrances, encroachments, claims or Arrears, to be held and enjoyed by the Company for the Term and under the other terms and conditions herein specified. BECL hereby indemnifies and holds harmless the Company against all losses arising in connection with or relating to any defect in title pertaining to BECL’s (either directly or through its relevant entities) interest or right in or relating to the Site which prevents, impedes or delays the Company from constructing, commissioning or operating the Project in accordance with the Project Agreements provided such losses are not the consequence of any material breach by the Company under this Site Lease Agreement. 2.3 The Company accepts the Site, and as a sub-lessee thereof and undertakes to develop at the Site, in accordance with the Project Agreements, the Project in an efficient and timely manner, in accordance with the terms of the Energy Purchase Agreement, including in particular this Site Lease Agreement. Schedule I annexed as part of this agreement (Description of the Site). 2.4 For the purposes of this Site Lease Agreement, it shall be a breach or default by BECL hereunder, if any representation or warranty given by BECL herein is or proves to be incorrect or misleading.
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GRANT OF SUB-LEASE. 2.1 As a part of and in consideration of entering into this Sub- Lease Deed, and the covenants and warranties on the part of the Sub-Lessee herein, the Lessee, in accordance with the terms and conditions set forth herein, hereby, offers the Sub- Leased Area, as described in Schedule 1, together with the common areas and inventory mentioned in Schedule 2, to the Sub-Lessee, commencing from the date hereof, on an as is where is" basis, for the duration of the Sub-Lease Term for usage as are permitted under this Sub-Lease Deed. 2.2 The rights of the Sub-Lessee shall be only that of a user for the purposes specified in this Sub-Lease Deed and subject to terms and conditions as contained in the Lease Agreement. 2.3 The Sub-Lessee shall not have any right to make any structural changes in the Sub-Leased Area or to construct, erect, renovate, alter, or otherwise deal with the Sub-Leased Area except to carry out interior finishing works, partitions, furnishing and fittings to the extent necessary for its personal or business uses. 2.4 The Sub-Lessee shall at all times during the Sub-Lease Term keep the Sub-Leased Area in good and working condition and shall not damage or allow any damage by its visitors/customers/business clients either to the Sub-Leased Area or to the common areas in the Assets,
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GRANT OF SUB-LEASE. The Sub-Landlord demises and leases the Sub-Premises to the Sub-Tenant, and the Sub-Tenant leases the Sub-Premises from the Sub-Landlord, for the term and on the conditions and provisions set forth in this Sub-Lease Agreement.
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GRANT OF SUB-LEASE. 3.1 Highlands hereby agrees to sublet each Plot, and collectively sublet the Land to MH for the purpose of the Activities from the Effective Date to 21 May 2029 (the Initial Term), subject to renewal in accordance with clause 3.2 or earlier termination in accordance with clause 16. 3.2 MH shall be entitled, in its sole discretion, to renew this Agreement for a period of no more than 10 years on the same terms (Renewal Period), provided that MH has provided Highlands with written notice to this effect no less than 3 months prior to the expiration of the Initial Term. MH shall be entitled to exercise this option to renew 5 times. Any renewal or extension under this clause together with the Initial Term shall be referred to as “Term”. Any renewal or extension under this clause shall be subject to the rental escalation set out in clause 5. 1. Where MH exercises its right to renew this Agreement under this clause, Highlands shall be obliged to exercise its corresponding right to renew the Sub-Leases in accordance with clause 3.2 of the Sub-Leases. 3.3 The Parties shall be jointly responsible for the registration of this Agreement in compliance with the Land Act and the Deeds Registry Act of 1967.
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GRANT OF SUB-LEASE. Landlord hereby sub-leases to Tenant and Tenant hereby sub-leases from Landlord, the Building Xx. 000 Xxxxxxxxxxx Xxxxxx Xxxxxxxx (Xxxxx Xxxxxx) located within the Orlando Tradeport at the Orlando International Airport, Orlando Florida and surrounding area designated as the premises (the "Premises" or "Property") as shown hatched on Exhibit "A" attached hereto and made a part hereof. Landlord and Tenant hereby agree that the Premises consist of approximately 98,111 square feet of hangar deck space, office space, shop space, as well as the contiguous ramp areas and vehicle parking lot.
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GRANT OF SUB-LEASE. Upon payment and in consideration of the Purchase Price in full to the Vendor's Advocates (receipt by whom shall constitute an absolute discharge to the Purchaser), the Vendor shall grant and the Purchaser shall accept a sub-lease over the Unit in the form contained in Schedule 2 (the “Lease”).
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GRANT OF SUB-LEASE. ​ 2.1 The Sub-Lessor hereby grants to the Sub-Lessee, on the terms and conditions set forth herein, a lease of such portions of the Sawston Facility as are specified in Section 2.2 hereof, for the price per square foot set forth in Section 2.3 hereof, for the term set forth in Section 2.4 hereof, and on such other terms as set forth in Section 2.5 hereof.
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GRANT OF SUB-LEASE 
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Related to GRANT OF SUB-LEASE

  • Assignment of Space It is understood by Exhibitor that space will be assigned to Exhibitor by Show Management at Show Management’s sole discretion. Notification of space assignment shall be mailed to Exhibitor. After assignment, space location may not be changed, transferred or canceled except on written request and with the subsequent written approval of Show Management. Space assignments may be revoked or changed by Show Management if Exhibitor fails to meet payment deadlines. The size and location of Exhibitor’s space may, at Show Management’s election, differ from show to show. Notwithstanding and aforementioned, Show Management reserves the right to relocate Exhibitor. Show Management will make every effort by phone, fax and mail to notify Exhibitor of such relocation. Show Management assumes no responsibility whatsoever for exhibitor’s goods, products or fixtures before, during or after the show. In assigning exhibit space, Show Management shall carefully consider and at its sole discretion weigh collectively such factors (NOTE--factors are not presented in priority order nor to be construed to be weighed or prioritize) as: A. The size of exhibit space requested versus the overall space available for allocation to eligible exhibitors; B. The need to accommodate and encourage the introduction of new products for the buyer’s benefit; C. The quality and creativity of the product displays; D. The continuity and length of an Exhibitor’s previous exhibit activity; E. The size and shape of the space need as it relates to the effective display of an applicant’s products for the convenience and benefit of the buyers; F. The Exhibitor’s commitment to aggressively promote buyer attendance both independently and in cooperation with Show Management; and G. The need to balance traffic and promote buyer activity in all exhibit areas.

  • Termination of Lease (a) Landlord and Tenant hereby agree that, effective as of the Termination Date, the Lease and the term thereof shall terminate and expire, and Tenant’s estate in and right of possession to the Premises shall terminate and be wholly extinguished, as if said Termination Date was originally set forth in the Lease as the expiration date thereunder. Effective as of the Termination Date, neither Landlord nor Tenant shall have any further rights or obligations under the Lease, except as provided in this Agreement. Effective as of the Termination Date, Landlord and Tenant for themselves and their predecessors-in-interest, successors and assigns, do hereby release and forever discharge each other, their successors and assigns, from all actions, causes of action, sums of money, covenants, agreements, promises, damages, judgments, claims and demands whatsoever in law or in equity which each against the other ever had, now has, or which they or their respective predecessors, successors or assigns hereafter may have, upon or by reason of any matter, cause or thing whatsoever from the beginning of the world through the Termination Date arising out of or in connection with the Lease or the Premises, or the Building; provided that (A) neither party shall be released from any of its obligations under this Agreement (and this Agreement shall survive the termination of the Lease), (B) neither Landlord or Tenant shall be released from any indemnification obligations that accrued under the Lease prior to the Termination Date and (C) the provisions of Section 8.13 and Section 8.21 of the Lease shall survive the termination of the Lease. Effective as of the Termination Date, Landlord shall be entitled to lease the Premises to any person or entity, or take any other action with respect thereto, free from any claim of Tenant or any person or entity claiming through Tenant. (b) On or prior to the Termination Date, Tenant agrees to surrender unto Landlord and its successors and assigns, and Landlord agrees to accept, the Premises in its “as is” condition. (c) In consideration of this Agreement and the termination of the Lease, Tenant agrees to permit the letter of credit in the amount of $8,698,662.00 issued by Citibank, N.A. (the “Letter of Credit”) which Letter of Credit Landlord is presently holding as security under the Lease, to be drawn down for the payment of the following sums: (i) $7,800,000.00 (the “Termination Fee”) to be drawn down and paid to Landlord in consideration of the termination of the Lease and the other transactions contemplated by this Agreement; and (ii) $898,662.00, representing the balance of the proceeds of the Letter of Credit shall be paid to Tenant. Tenant hereby authorizes Landlord to draw on the Letter of Credit and the entire proceeds of the Letter of Credit (the “Proceeds”) and Landlord agrees to deliver Tenant’s share of the Proceeds described in clause (ii) above to Tenant’s bank account within three (3) Business Days of Landlord’s receipt of the entire Proceeds in accordance with Tenant’s wire instructions attached hereto as Exhibit A. Except as otherwise set forth in this Agreement, it is agreed that in no event shall Tenant at any time be entitled to receive any other sums from Landlord in connection with the Lease, including, without limitation, all or any portion of the Work Allowance or any reimbursement of any amounts previously paid by Tenant to Landlord in connection with the construction of the Terrace Space. Contemporaneously herewith, Landlord shall deliver a sight draft to the issuer of the Letter of Credit in order to obtain payment of the Proceeds, which sight draft shall provide for the Proceeds to be paid to Landlord’s bank account, as designated by Landlord. Tenant hereby agrees to cooperate with Landlord and execute any and all documents required by the issuing bank in order to facilitate Landlord’s efforts to draw down on the Proceeds of the Letter of Credit. The effectiveness of the surrender and termination provided for in this Agreement is subject to, and conditioned upon, Landlord’s receipt of the Termination Fee in accordance with the terms hereof. If Landlord does not receive the Termination Fee in accordance with the terms hereof, then the termination of the Lease shall automatically be null and void and of no further force or effect and the Lease shall continue in full force and effect as if this Agreement had never been entered into. (d) Tenant shall be responsible for, and shall indemnify Landlord for, any and all transfer taxes, sales taxes or other taxes or similar charges imposed by any federal, state or local governmental authority or under any Law arising from or relating to this Agreement, the Termination Fee or any of the other transactions hereunder. Tenant will execute and deliver to Landlord a New York State Form TP 584 and a New York City Form RPT. (e) Landlord and Tenant agree that the disgorgement of any portion of the Termination Fee or the avoidance in whole or in part of this Agreement, under any applicable law, including, but not limited to, chapter 5 of title 11 of the United States Code (the "Bankruptcy Code"), shall be considered a breach of this Agreement by Tenant and shall entitle Landlord to seek the full amount of the Obligations and any other damages to which Landlord is entitled under the Lease from Tenant resulting from the breach of this Agreement.

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