Common use of Ground Lease Premises Clause in Contracts

Ground Lease Premises. The FCRHA hereby grants to LAC9- North an option to lease the Ground Lease Premises, subject to the terms and conditions of this Agreement. The term “Ground Lease Premises” means (a) the real property (the “Land”) more particularly described in Exhibit A of the Ground Lease; (b) all of the FCRHA’s interest in land use approvals, certain easements, development rights, improvements, equipment and fixtures located on the Land at the time of the Closing (as defined below); and (c) any other intangible property associated with the Land or the improvements, equipment and fixtures located thereon owned by the FCRHA.

Ground Lease Premises. The FCRHA hereby grants to LAC9- LAC4- North an option to lease the Ground Lease Premises, subject to the terms and conditions of this Agreement. The term “Ground Lease Premises” means (a) the real property (the “Land”) more particularly described in Exhibit A of the Ground Lease; (b) all of the FCRHA’s interest in land use approvals, certain easements, development rights, improvements, equipment and fixtures located on the Land at the time of the Closing (as defined below); and (c) any other intangible property associated with the Land or the improvements, equipment and fixtures located thereon owned by the FCRHA.