Common use of Initial Premises Clause in Contracts

Initial Premises. Landlord hereby leases to Tenant and Tenant hereby leases from Landlord the Premises (as defined in Paragraph 7 of the Basic Lease Information) upon and subject to the terms, covenants and conditions herein set forth. Tenant covenants, as a material part of the consideration for this Lease, to keep and perform each and all of said terms, covenants and conditions for which Tenant is responsible and that this Lease is entered into upon the condition of such performance.

Initial Premises. Landlord hereby leases to Tenant and Tenant hereby leases from Landlord the Premises (as defined described in Paragraph 7 of the Basic Lease InformationSection 1(b)) upon and subject to the terms, covenants and conditions herein set forth. Landlord and Tenant covenantseach covenant, as a material part of the consideration for this Lease, to keep and perform each and all of said terms, covenants and conditions for which Tenant each party is responsible and that this Lease is entered into upon the condition of such performance.