Lease of Leased Premises. In consideration of the Lessee agreeing to duly pay the Rent and other money payable under this Lease and to duly observe and perform the Lessee's Obligations, the Lessor leases the Leased Premises and grants the Lessee's Rights to the Lessee for the Term commencing on the Commencement Date subject to the reservation of the Lessor's Rights under this Lease.
Lease of Leased Premises. Landlord hereby leases to Tenant and Tenant hereby leases from Landlord the Leased Premises for the Lease Term, under the terms and conditions herein, together with a non-exclusive right, in common with others, to use the following (collectively, the “Common Areas”): the areas of the Park and the underlying land and improvements thereto owned by Landlord, from time to time, that are designed for use in common by all tenants of the Park and their respective employees, agents, customers, invitees and others, which as of the Commencement Date will include the Fitness Center, the Café, approximately two (2) acres of recreational fields, two (2) tennis courts, approximately one and one-half (1.5) miles of walking trails within the Park (which walking trails currently connect to a larger network trails within RTP), and certain parking fields and entrance and access drives. Following Substantial Completion of the Additional Improvements, Landlord reserves the right to convey ownership of (which may be by deed or by easement) and/or delegate operating responsibility for all or any portion of the Common Areas to a property owners’ association (a “POA”) established to maintain and oversee the operation and use of certain portions of the Park in a “Class A” manner (including neat, clean, orderly and operable conditions, properly lighted and landscaped (where applicable), in accordance with Applicable Law and free from Hazardous Substances in violation of Applicable Law), in which case Landlord shall be released from any ongoing obligations relative to such Common Areas and such obligations shall be assumed by such POA and documented in a written set of recorded covenants specific to the Park reasonably acceptable to Tenant, and to which Tenant is an explicit third-party beneficiary; provided that the POA shall be liable for and obligated to perform all of Landlord’s obligations under this Lease relative to any such Common Areas so conveyed or delegated, (ii) Landlord agrees to use commercially reasonable efforts to enforce the POA’s obligations relative to such Common Areas and shall share with Tenant copies of all material correspondence with the POA that relate to the subject matter of this Lease, (iii) no such conveyance or delegation by Landlord shall materially or adversely affect Tenant’s use of such portions of the Common Areas consistent with the terms of this Lease, and (iv) the costs allocated to Tenant pursuant to Sections 3.02 and shall not be higher than...
Lease of Leased Premises. The Lessor hereby leases to the Lessee the Leased Premises for the Term and in consideration of the Rent to be paid by the Lessee hereunder and of the other provisions and obligations to be observed and executed by the Lessee hereunder.
Lease of Leased Premises. Landlord hereby leases Tenant, and Tenant hereby leases from Landlord, the Leased Premises which shall include a non-exclusive license to use the common areas of the Shopping Center (the “Leased Premises”).
Lease of Leased Premises a. Subject to and in accordance with the provisions of this Lease, Lessor hereby leases to Lessee and Lessee hereby leases from Lessor that space within the Site comprising of a two thousand five hundred ninety (2,590) square foot parcel of ground and designated on Exhibit A-1 (the “Lease Area”) all as shown and described in Exhibits A-1 and A-2 attached hereto, which, together with the Appurtenant Easements (defined in Section 2), shall be referred to collectively as the “Leased Premises.”
b. Except for those portions of the Leased Premises that are fenced with the permission of Lessor (which portions shall generally be the area immediately surrounding the Compound) and the actual space occupied by the Tower and the equipment used in operating the Tower for telecommunication purposes (the “Exclusive Leased Premises”), the Leased Premises shall be demised to Lessee on a non-exclusive basis. Lessor and its invitees, permittees, agents and contractors expressly reserve the right to have, and shall have, free and full use of the non- exclusive Leased Premises, including, without limitation, the right of pedestrian and vehicular ingress and egress over and through the non-exclusive Leased Premises in accordance with the terms hereof. Lessor shall also have free and full access to the Tower (at Lessor’s risk) for the purpose of maintaining, repairing and replacing any lights on the Tower, to the extent it is required to do so. Without the prior written consent of Lessor, Lessee shall not alter, relocate or modify the lights on the Tower (if any). DRAFT
c. Xxxxxx acknowledges that with the exception of the air space over the land actually occupied by the Tower, the Leased Premises shall include the air rights over the land only to a height which is the lesser of ten (10) feet above the ground elevation or the bottom of the bleachers or other structure that is situated above the Leased Premises. Xxxxxx and Xxxxxx acknowledge that the exact location of the Leased Premises is, as of the date of the execution hereof, the parties current intent with respect thereto, however the final location may be subject to modification (in both parties’ sole and absolute discretion) based upon the Lessee’s governmental approval process. Lessee and Xxxxxx therefore each covenant and agree, subject to each party’s approval as required in the immediately preceding sentence, to execute an addendum hereto at such time as the final location of the Leased Premises is determined in the e...
Lease of Leased Premises a. Subject to and in accordance with the provisions of this Lease, Lessor hereby leases to Lessee and Lessee hereby leases from Lessor that space within the Site as designated and shown on Exhibit A-1 attached hereto as the “Milestone XX XX Lease Area” (the “Lease Area”), which, together with the Appurtenant Easements (defined in Section 2), shall be referred to collectively as the “Leased Premises.”
b. Except for those portions of the Leased Premises that are fenced with the permission of Lessor (which portions shall generally be the area immediately surrounding the Compound) and the actual space occupied by the Monopole (the “Exclusive Leased Premises”), the Leased Premises shall be demised to Lessee on a non-exclusive basis. Lessor and its invitees, permittees, agents, contractors and students expressly reserve the right to have, and shall have, free and full use of the Non-Exclusive Leased Premises, including, without limitation, the right of pedestrian and vehicular ingress and egress over and through the Non-Exclusive Leased Premises in accordance with the terms hereof. Lessor shall also have free and full access to the Monopole (at Lessor’s risk) for the purpose of maintaining, repairing and replacing any lights on the Monopole, to the extent it is required to do so. Without the prior written consent of Lessor, Lessee shall not alter, relocate or modify the lights on the Monopole.
c. Lessee acknowledges that with the exception of the air space over the land actually occupied by the Monopole, the Leased Premises shall include the air rights over the land only to a height which is the lesser of ten (10) feet above the ground elevation or the bottom of the bleachers or other structure that is situated above the Leased Premises. Lessor and Lessee acknowledge that the exact location of the Leased Premises is, as of the date of the execution hereof, the parties current intent with respect thereto, however the final location may be subject to modification in Lessor’s sole and absolute discretion based upon the Lessee’s governmental approval process. Lessee and Lessor therefore each covenant and agree, subject to each party’s approval as required in the immediately preceding sentence, to execute an addendum hereto at such time as the final location of the Leased Premises is determined in the event that such location differs from that as set forth on Exhibit A-1. Lessee has inspected the Leased Premises and accepts the same “AS IS” and in its present conditi...
Lease of Leased Premises. Subject to and upon the terms, covenants, conditions and provisions hereinafter set forth, and each in consideration of the duties, covenants and obligations of the other hereunder, the Authority hereby leases, demises and lets to Tenant, and Tenant hereby leases from the Authority, the Leased Premises. The square footage of the Leased Premises shall be as calculated by the Authority and confirmed by Tenant.
Lease of Leased Premises. Landlord agrees to lease to Tenant and Tenant agrees to lease from Landlord the Leased Premises according to the terms and conditions of this Lease.
Lease of Leased Premises. LANDLORD hereby leases to the TENANT and TENANT hereby leases from the LANDLORD, upon and subject to the terms and provisions of this LEASE, the LEASED PREMISES, together with all rights and benefits appurtenant to the LEASED PREMISES. TENANT shall each be jointly and severally to perform each and every term of this LEASE
Lease of Leased Premises. Landlord hereby leases to Tenant and Tenant hereby leases from Landlord certain office space commonly known as Suite (TBD), in the Crosspoint Plaza One building, to be located in Hamixxxx Xxxnty, Indiana, and which shall be situated on the tract of land described in Exhibit A attached hereto (the "Building"), subject to the terms and conditions herein set forth, for the specific term hereinafter specified. The leased space in the Building is described in Items A and B, Section 1.02 hereinafter (the "Leased Premises"). Attached as Exhibit "B" are a schematic illustration and a floor plan of the Leased Premises and an architectural rendering of the Building. Elevators within the Building are not part of the Leased Premises and shall remain in the exclusive control of the Landlord provided Tenant shall have full use and enjoyment of such elevators for reasonable unrestricted access to the Leased Premises.
