INTERIM OCCUPANCY. The Purchaser shall pay an occupancy fee (the “Occupancy Fee”) monthly in advance, during the period commencing on the Occupancy Date and ending on the Title Closing Date, which Occupancy Fee shall be payable pro rata comprised of the components set out in subsection 80(4) of the Act and shall be equal to the maximum amount permitted thereunder. The Purchaser shall provide any number of postdated cheques with respect to the Occupancy Fee as and when the Vendor may reasonably require same.
INTERIM OCCUPANCY. (a) If the Unit is completed sufficient to permit occupancy thereof as determined by the Vendor by the Occupancy Date or any extension thereof, and the Condominium Corporation has not been registered with the appropriate third party, then the Purchaser, at the option of the Vendor, and if permitted by the City of Burlington or Region of Halton, shall, subject to any other provisions of this Agreement to the contrary, take possession of the Unit until the Unit Transfer Date, upon the terms set forth in Paragraph 5 below (which in such instances shall constitute the occupancy agreement), and/or shall execute at the Vendor’s option its standard form of occupancy agreement (either occupancy agreement hereinafter called the “Occupancy Agreement”). In the event of a conflict between any term contained in the Vendor’s standard form of occupancy agreement and any term contained in Paragraph 5 hereof, the provisions of the Vendor’s standard form of occupancy agreement shall prevail.
INTERIM OCCUPANCY. As inducement to sign this Lease, Lessor grants ----------------- Lessee the right to occupy and use certain space comprised of approximately 6,672 rentable square feet (the "Interim Space") located at 000 Xxxxxxxx Xxxxxx, Xxxxxx Xxxx, Xxxxxxxxxx (the "Interim Building") upon execution of this Lease. The right to occupy the Interim Space shall be under the same terms of this Lease (except as otherwise provided in this Paragraph 11) but shall terminate upon the Commencement Date or the earlier termination of this Lease. Lessee shall pay in advance to Lessor monthly rent (or portion thereof) in the amount of Eight Thousand Three Hundred Dollars and 00/100ths ($8,340.00). In addition to the foregoing, Lessee shall pay to Lessor upon demand fifty-one percent (51%) of the actual monthly operating expenses for the Interim Building, as determined by generally accepted accounting practices (GAAP), during Lessee's occupancy of the Interim Space. The parties acknowledge and agree that the Interim Building is currently being leased to one other tenant. For purposes of illustration Gout without placing any limits on Lessee's obligations for monthly operating expenses under this Lease), monthly operating expenses have averaged approximately twenty five cents per square foot. EXHIBIT A [Floor Plan Lot 5] EXHIBIT B --------- TENANT IMPROVEMENT WORK LETTER ------------------------------
INTERIM OCCUPANCY. Buyer shall commence occupancy of the Properties ----------------- as of the Tier I Closing (as defined in the Asset Purchase Agreements), which the Parties anticipate may occur before the Close of Escrow hereunder. If the Close of Escrow occurs after the Tier I Closing, Buyer shall occupy each Property under a separate lease, each lease being in the form attached hereto as Schedule -------- 13, which shall provide, without limitation: that Buyer's occupancy is on a -- triple net basis; that no rent is payable during the first sixty (60) days of the term; and that the lease shall terminate upon the Close of Escrow. The execution of said Lease by Buyer as lessee and Seller as lessor shall be a condition to the Tier I Closing.
INTERIM OCCUPANCY. For a period commencing on the Commencement Date and ending on the Rent Commencement Date (the "Interim Occupancy Period"), Tenant shall be permitted to use and occupy the 11th floor of the Building (the "Interim Premises"); provided that if due to Unavoidable Delays (excluding in all cases any delays caused by the acts, failure to act or omissions of Tenant) the Initial Installations are not Substantially Complete by the Rent Commencement Date, then the Interim Occupancy Date shall be extended by the amount of such Unavoidable Delay but in no event more than an additional period of 30 days. Tenant acknowledges that, (a) Landlord has made no representations concerning the physical condition of the Interim Premises or the suitability thereof for Tenant's intended use; (b) Landlord has no obligation to perform any improvements, alterations, refurbishments or repairs in order to ready the Interim Premises for Tenant's use; (c) Tenant shall accept Landlord's tender of possession of the Interim Premises in their then "As-Is" condition; and (d) during the Interim Occupancy Period, Tenant may not perform any Alterations to the Interim Premises, other than the installation of telephone and data cabling. Tenant's occupancy of the Interim Premises shall be upon all of the terms and provisions of this Lease, except that the Fixed Rent payable for the Interim Premises shall be $34,040 per month, prorated for any partial periods based upon the actual number of days in the subject calendar month. If Tenant fails to vacate the Interim Premises on the last day of the Interim Occupancy Period (in broom-clean condition), Tenant shall be deemed in holdover of the Interim Premises, which holdover shall be subject to Section 19.2 of this Lease.
INTERIM OCCUPANCY. From and after the Delivery Date, ----------------- Tenant shall have the right, upon prior written notice to Landlord, to use all or any portion of the Premises on an interim basis prior to Tenant's commencement of construction, provided that Tenant shall cease such interim occupancy if Landlord determines, in its reasonable judgment, that any such interim occupancy is interfering with the performance of Landlord's Work. Any such interim occupancy of the Premises shall be upon all of the terms and conditions of this Lease, except that Tenant shall not be obligated to make any payments of Fixed Rent. During any such period of interim occupancy and regardless of the amount of the Premises so used by Tenant, Tenant shall reimburse Landlord for the amount of electricity, water and other utility charges, security and cleaning costs incurred by Landlord during such period, pro rated on a daily basis for each day Tenant is in occupancy, for purposes other than construction of the Improvements. In addition, during any such period of interim occupancy, Tenant shall reimburse Landlord for the amount of Taxes and insurance costs incurred by Landlord during such period, based upon the amount of the Premises so used by Tenant (as determined on a floor-by-floor basis) pro rated on a daily basis for each day Tenant is in occupancy, for purposes other than construction of the Improvements.
INTERIM OCCUPANCY. From and after the execution of this Lease through the Commencement Date (the "Interim Occupancy Period"), Landlord hereby grants Tenant a license to continue to occupy that portion of the Complex currently occupied by Tenant and consisting of approximately 80,000 square feet (the "Existing Premises") at a monthly rental rate of $56,854.00. Upon the Commencement Date, Tenant shall vacate and surrender the Existing Premises in good condition, removing therefrom all of Tenant's furniture, trade fixtures and equipment, and relocate to the Demised Premises.
INTERIM OCCUPANCY. The Purchaser acknowledges and agrees that the Purchaser’s possession of the Unit shall commence on the day of , 200 , (the “Occupancy Date’) and shall continue through the last day of that month (the “Partial Month”) and month to month from the first day of the month thereafter until termination. The sum of (the “Occupancy Fee”) shall be payable monthly in advance on the first day of each and every month, save that the proportionate fee payable for the Partial Month shall be payable on or prior to the Occupancy Date. The Purchaser shall provide, on or before the Occupancy Date, a series of post-dated cheques in an amount equal to the Occupancy Fee for the entire period of occupancy as estimated by the Vendor.
INTERIM OCCUPANCY. The Purchaser shall pay an occupancy fee (the “Occupancy Fee”) monthly in advance, during the period commencing on the Occupancy Date and ending on the Title Closing Date, which Occupancy Fee shall be payable pro rata comprised of the components set out in subsection 80(4) of the Act and shall be equal to the maximum amount permitted thereunder. The Purchaser shall provide any number of postdated cheques with respect to the Occupancy Fee as and when the Vendor may reasonably require same. The Purchaser specifically covenants and agrees that should the Purchaser wish to pay the full amount of the Purchase Price on the day commencing the Occupancy Date, then the Purchaser must have provided prior written notice to the Vendor during the conditional period of this Agreement that the Purchaser intended to do so; otherwise, the Purchaser shall remain responsible to pay the Occupancy Fee throughout the Interim Occupancy Period.
INTERIM OCCUPANCY. In the event that an occupancy permit is requested and all the provisions of Section 4.2 have not been complied with, the Chief Building Official may, in his or her sole discretion, issue an early occupancy permit only if the occupancy of a dwelling (i) is not contrary to the occupancy provisions of the Building Code Act, 1992 and the Ontario Building Code and; (ii) will not, in the opinion of the Chief Building Official, create a hazard to the safety of the occupants. The Owner shall complete any thing or matter that may be specified in the early occupancy permit within the time period indicated therein. The issuance of an early occupancy permit shall not relieve the Owner from the requirement to obtain an occupancy permit in accordance with the provisions of Section 4.2.
