Common use of Lease is Personal Clause in Contracts

Lease is Personal. The purpose of this Lease is to transfer possession of the Leased Premises to Lessee for Lessee's personal use in return for certain benefits, including rent, to be transferred to the Lessor. Lessee's right to assign or sublet as stated in this Article is subsidiary and incidental to the underlying purpose of this Lease. Lessee acknowledges and agrees that it has entered into this Lease in order to acquire the Leased Premises for its own personal use and not for the purpose of obtaining the right to convey the leasehold to others.

Appears in 3 contracts

Samples: Sublease Agreement (Innova Corporation), Salient Lease Terms (Innova Corporation), MCB Financial Corp

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Lease is Personal. The purpose of this Lease is to transfer possession of the Leased Premises to Lessee for Lessee's personal use in return for certain benefits, including rent, rent to be transferred paid to the Lessor. Lessee's right to assign or sublet as stated in this Article 21 is subsidiary and incidental to the underlying purpose of this Lease. Lessee acknowledges and agrees that it has entered into this Lease in order to acquire the Leased Premises for its own personal use and not for the purpose of obtaining the right to convey the leasehold to others.. ------------- ----------- Lessor's Lessee's Initials Initials

Appears in 1 contract

Samples: Lease (Fp Bancorp Inc)

Lease is Personal. The purpose of this Lease is to transfer possession of the Leased Premises to Lessee for Lessee's personal use in return for certain benefits, including rent, to be transferred to the Lessor. Lessee's right Lessee is not permitted to assign or sublet as stated in this Article is subsidiary and incidental to the underlying purpose of this Lease. Lessee acknowledges and agrees that it has entered into this Lease in order to acquire the Leased Premises for its own personal use and not for the purpose of obtaining the right to convey the leasehold to othersPremises.

Appears in 1 contract

Samples: Sputnik, Inc.

Lease is Personal. The purpose of this Lease is to transfer possession of the Leased Premises to Lessee for LesseeXxxxxx's personal use in return for certain benefits, including rent, to be transferred to the Lessor. LesseeXxxxxx's right to assign or sublet as stated in this Article is subsidiary and incidental to the underlying purpose of this Lease. Lessee Xxxxxx acknowledges and agrees that it has entered into this Lease in order to acquire the Leased Premises for its own personal use and not for the purpose of obtaining the right to convey the leasehold to others.

Appears in 1 contract

Samples: Letter Agreement (Linuxcare Inc)

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Lease is Personal. The purpose of this Lease is to transfer possession of the Leased Premises to Lessee for Lessee's Xxxxxx’s personal use in return for certain benefits, including rent, to be transferred to the Lessor. Lessee's Xxxxxx’s right to assign or sublet as stated in this Article is subsidiary and incidental to the underlying purpose of this Lease. Lessee Xxxxxx acknowledges and agrees that it has entered into this Lease in order to acquire the Leased Premises for its own personal use and not for the purpose of obtaining the right to convey the leasehold to others.

Appears in 1 contract

Samples: Office Lease (Itex Corp)

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