Lease of Ground Interest Sample Clauses

Lease of Ground Interest. (a) The Ground Lessor hereby conveys, grants and assigns to the Ground Lessee for the Site Lease Term the following (collectively, the "Ground Interest"): (i) the leasehold interest in --------------- the Facility Site, (ii) the right, privilege and license to use the Cross Easement Rights (except those easements or rights set forth in Section 2.3(e) of the Cross Easement Agreement), (iii) the right, privilege and license to use the Retained Power and Control Lines for the transmission of electric power, together with a non-exclusive easement for Access to the Retained Power and Control Lines Site as may be reasonably necessary in connection with such use and the right, privilege and license to use the Access rights granted to the Company under the CH Retained Power and Control Lines Easement with respect to the Central Xxxxxx Real Property (as such term is defined in such easement) as may be reasonably necessary in connection with such use, (iv) the right, privilege and license to use the Dock Facilities, together with a non-exclusive easement for Access over and across the Dock Facility Site as may be reasonably necessary in connection with such use, (v) the right, privilege and license to use the Retained Oil Pipeline, and (vi) the right, privilege and license to use the railroad tracks located on the Facility Site (the "Railroad Tracks"), --------------- together with an easement for Access over and across the Additional Facility Site (including all access roads and parking lots) as may be reasonably necessary in connection with exercising any of the rights granted to the Ground Lessee in this Site Lease (including rights granted in Section 5.1), provided, however, that in the case of each of clauses (ii)-(vi) above, each such right, privilege and license shall be limited to use thereof in substantially the same manner and to substantially the same extent as utilized for the use and operation of the Facility prior to the Closing Date, except that (1) during the Site Sublease Term the Ground Sublessee may increase the manner and extent of utilization of the Cross Easement Rights, the Retained Power and Control Lines, the Dock Facilities, the Retained Oil Pipeline or the Railroad Tracks, as the case may be, to be more beneficial to the Ground Sublessee in connection with the use and operation of the Facility (which increase in manner or extent of utilization shall be authorized under this Site Lease), and (2) if the manner or extent of the utilization of...
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Lease of Ground Interest. The Ground Lessor hereby leases Ground Interest to the Ground Lessee, upon the terms and conditions set forth herein, for the term and renewal terms described below, and the Ground Lessee hereby leases Ground Interest from the Ground Lessor. The Ground Lessor and the Ground Lessee understand and agree that (a) fee title to Ground Interest remains vested in the Ground Lessor, and (b) this Site Lease and Sublease is subject to the Permitted Encumbrances.
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Lease of Ground Interest. The Ground Lessor hereby leases the Ground Interest, upon the terms and conditions set forth herein, to the Ground Lessee for the term and renewal terms described below, and the Ground Lessee hereby leases the Ground Interest from the Ground Lessor. The Ground Lessor and the Ground Lessee understand and agree that (a) this lease of the Ground Interest is subject to the limitations identified in the definition of Ground Interest, (b) legal title to the Rocky Mountain Site remains vested in the Ground Lessor and Georgia Power as tenants-in-common, (c) this lease of the Ground Interest is subject and subordinate to the lien of the Oglethorpe Mortgage and the encumbrances described in the Title Report, and (d) this Ground Lease is subject to the provisions of the Resource Management Agreement.
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Lease of Ground Interest. The Ground Lessor hereby leases the Ground Interest to the Ground Lessee, and the Ground Lessee hereby leases the Ground Interest from the Ground Lessor. The Ground Lessor and the Ground Lessee understand and agree that (a) this lease of the Ground Interest is subject to the limitations identified in the definition of Ground Interest, (b) legal title to the Clover Real Estate, including the Unit 2 Site and the Common Facilities Site, remains vested in Old Dominion and Virginia Power as tenants-in-common, and (c) this lease of the Ground Interest is subject and subordinate to the lien of the Old Dominion Indenture (including any future amendments, supplements or issuance of additional advances or indebtedness thereunder), Permitted Encumbrances and the rights of Virginia Power under the Clover Agreements.
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Lease of Ground Interest. The Ground Lessor hereby leases the Ground Interest to the Ground Lessee and the Ground Lessee hereby leases the Ground Interest from the Ground Lessor on the terms and conditions hereof. The parties hereto acknowledge and agree that legal title to the Clover Real Estate, including the Unit 1 Site and the Common Facilities Site, shall at all times remain in the Ground Lessor and Virginia Power, as tenants-in-common, and that the Ground Interest is subject to the Lien of the Old Dominion Indenture, Permitted Encumbrances and the rights of Virginia Power under the Clover Agreements.
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Lease of Ground Interest. Initial Term; Renewal Options 2 Section 2.2. Renewal Terms 3 Section 2.3. No Mineral Rights 3 ARTICLE III SEVERANCE 3 ARTICLE IV RENT 4 Section 4.1. Rent 4 ARTICLE V SURRENDER OF FACILITY SITE 5 ARTICLE VI TERMINATION 5
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Related to Lease of Ground Interest

  • Triple Net Lease Landlord and Tenant acknowledge that, to the extent provided in this Lease, it is their intent and agreement that this Lease be a “TRIPLE NET” lease and that as such, the provisions contained in this Lease are intended to pass on to Tenant or reimburse Landlord for the costs and expenses reasonably associated with this Lease, the Building and the Project, and Tenant’s operation therefrom to the extent provided in this Lease. To the extent such costs and expenses payable by Tenant cannot be charged directly to, and paid by, Tenant, such costs and expenses shall be paid by Landlord but reimbursed by Tenant as Additional Rent.

  • Expansion Premises In addition to the Original Premises, commencing on the Expansion Premises Commencement Date (as defined below), Landlord leases to Tenant, and Tenant leases from Landlord, the Expansion Premises.

  • Additional Premises Landlord shall use commercially reasonable efforts to expand the Premises to include an additional fifteen thousand four hundred ten (15,410) square feet of Rentable Area located on the first (1st) floor, as shown on Exhibit A attached hereto (the “Additional Premises”) on July 1, 2012 (the “Additional Premises Delivery Date”). In the event Landlord determines the Additional Premises will be ready for delivery to Tenant in the Required Condition on the Additional Premises Delivery Date, within ten (10) business days prior to the Additional Premises Delivery Date, Landlord and Tenant shall enter into a written amendment to the Lease, which amendment shall provide, unless otherwise agreed in writing, (a) that the commencement date of the Additional Premises shall be the Additional Premises Delivery Date (the “Additional Premises Commencement Date”), (b) that, as of the Additional Premises Commencement Date, the Premises under the Lease shall be increased to include the Additional Premises for a total of sixty-one thousand four hundred forty-four (61,444) square feet of Rentable Area (together, the Premises and the Additional Premises shall be referred to hereinafter as the “Total Premises”), (c) the new Basic Annual Rent applicable to the Total Premises, which shall commence on the Additional Premises Commencement Date and shall be as further described in Section 4.2 of this Amendment, (d) Tenant’s new Pro Rata Share of Operating Expenses as of the Additional Premises Commencement Date, which Pro Rata Share shall equal one hundred percent (100%) of the Building and thirty-three and 51/100 percent (33.51%) of the Project and (e) that, in addition to the parking which Tenant is entitled to under the terms of the Lease with respect to the original Premises, Tenant, for so long as Tenant leases the Additional Premises, shall have a non-exclusive license to use the parking facilities serving the Building in common on an unreserved basis with other tenants of the Building and the Project at a ratio of 3.3 parking spaces per 1,000 rentable square feet of Additional Premises, which amounts to fifty-one (51) additional parking spaces, which number shall include three (3) additional Reserved Spaces. In the event the Additional Premises is not ready for delivery to Tenant in the Required Condition on the Additional Premises Delivery Date, then (x) this Amendment and the Lease shall not be void or voidable, (y) Landlord shall not be liable to Tenant for any loss or damage resulting therefrom and (z) the new Basic Annual Rent applicable to the Premises shall be as further described in Section 4.3 of this Amendment.

  • Sublease Agreement Sublandlord and Subtenant hereby represent that a true and complete copy of the Sublease Agreement is attached hereto and made a part hereof as Exhibit A.

  • Lease Agreement On the terms stated in this Lease, Landlord leases the Premises to Tenant, and Tenant leases the Premises from Landlord, for the Term beginning on the Commencement Date and ending on the Termination Date unless extended or sooner terminated pursuant to this Lease.

  • Lease of Premises Subject to and upon the terms and conditions set forth herein, Landlord hereby leases the Premises to Tenant, and Tenant hereby leases the Premises from Landlord.

  • WORK LETTER This Lease is supplemented by that certain Work Letter of even date executed by Lessor and Lessee, attached hereto as Exhibit C, and incorporated herein by this reference.

  • Existing Lease Except to the extent specifically amended hereby, all terms and conditions of the Lease remain in full force and effect. [Signatures begin on next page.]

  • Lease of Premises for Lease Term Landlord hereby leases the Premises to Tenant, and Tenant hereby rents the Premises from Landlord, for the Term and subject to the conditions of this Lease.

  • Existing Premises Notwithstanding anything to the contrary in the Lease as hereby amended, Tenant shall continue to pay Base Rent for the Existing Premises in accordance with the terms of Article 3 of the Lease.

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