Lease of Leased Property. Lessor leases to Lessee and Lessee leases from Lessor the Leased Property, subject to the Record Agreements and the Permitted Liens, for the Term, upon the terms and conditions of this Lease. Lessee shall have exclusive use and possession of the Leased Property subject to the Record Agreements and the Permitted Liens. The Leased Property is leased to Lessee subject to the Record Agreements, the Permitted Liens and all Applicable Legal Requirements now or hereafter in effect. LESSOR LEASES AND WILL LEASE AND LESSEE TAKES AND WILL TAKE POSSESSION OF THE LEASED PROPERTY “AS IS”, AND LESSEE ACKNOWLEDGES THAT LESSOR (WHETHER ACTING AS LESSOR HEREUNDER OR IN ANY OTHER CAPACITY) HAS NOT MADE AND WILL NOT MAKE, NOR SHALL LESSOR BE DEEMED TO HAVE MADE, ANY WARRANTY OR REPRESENTATION, EXPRESS OR IMPLIED, WITH RESPECT TO ANY OF THE LEASED PROPERTY, INCLUDING ANY WARRANTY OR REPRESENTATION AS TO ITS FITNESS FOR USE OR DESIGN OR CONDITION FOR ANY PARTICULAR USE OR PURPOSE, AS TO THE QUALITY OF THE MATERIAL OR WORKMANSHIP THEREIN, LATENT OR PATENT, AS TO LESSOR’S TITLE THERETO, OR AS TO VALUE, COMPLIANCE WITH SPECIFICATIONS, LOCATION, USE, CONDITION, MERCHANTABILITY, QUALITY, DESCRIPTION, DURABILITY OR OPERATION, IT BEING AGREED THAT ALL RISKS INCIDENT THERETO ARE TO BE BORNE BY LESSEE. FURTHERMORE, AND NOTWITHSTANDING ANYTHING TO THE CONTRARY HEREIN, LESSEE ACKNOWLEDGES THAT LESSOR MAKES NO REPRESENTATION, WARRANTY, OR COVENANT THAT THE LEASED PROPERTY INCLUDES THE “SUBLEASE PREMISES” OR ANY RIGHTS WHATSOEVER THERETO (INCLUDING WITHOUT LIMITATION ANY RIGHTS OF ACCESS THERETO OR USE THEREOF), AND PROVIDED THAT FOR THIS PURPOSE “SUBLEASE PREMISES” HAS THE MEANING SET FORTH IN THAT CERTAIN PORTLAND HARBOR SUBLEASE, DATED AS OF MARCH 1, 2005, BETWEEN CHEVRON U.S.A. INC. AND PARAMOUNT PETROLEUM CORPORATION. In the event of any defect or deficiency in any of the Leased Property of any nature, whether patent or latent, except as otherwise expressly provided herein, Lessor shall not have any responsibility or liability with respect thereto or for any incidental or consequential damages (including strict liability in tort). The provisions of this Section 3.1 have been negotiated, and the foregoing provisions are intended to be a complete exclusion and negation of any warranties by Lessor, express or implied, with respect to the physical condition or sufficiency of any of the Leased Property, and arising pursuant to the Uniform Commercial Code or any other Applicable Legal Requi...
Lease of Leased Property. 1 SECTION 2.1
Lease of Leased Property. Section 2.1 Acceptance and Lease of Property ............................ 1 Section 2.2
Lease of Leased Property. The Authority hereby leases the Leased Property to the City and the City hereby leases the Leased Property from the Authority, upon the terms and conditions set forth in this Lease.
Lease of Leased Property. The Corporation hereby demises and leases to the District, and the District hereby rents and hires from the Corporation, the Leased Property in accordance with the provisions of this Lease-Purchase Agreement, to have and to hold for the term of this Lease-Purchase Agreement, for and in consideration of the Rental Payments to be made by the District hereunder.
Lease of Leased Property. The City demises and leases the Leased Property, including any interest in the Leased Property, to the Authority, and the Authority leases the Leased Property, including any interest in the Leased Property, from the City, in accordance with the provisions of this Lease, subject only to Permitted Encumbrances, to have and to hold for the Lease Term.
Lease of Leased Property. Subject to the conditions set forth in this Participation Agreement and pursuant to the terms hereof, on the Document Closing Date, (i) Lessor, in its capacity as tenant, and Lessee in the capacity as landlord, shall enter into the Ground Lease pursuant to which Lessee shall lease to Lessor the Site, together with Appurtenant Rights, (ii) Authority, in its capacity as tenant, and Lessor in the capacity as landlord, shall enter into the Ground Sublease pursuant to which Lessor shall lease to the Authority the Site, together with Appurtenant Rights, (iii) Lessor, in its capacity as tenant, and the Authority in the capacity as landlord, shall enter into the Authority Lease pursuant to which the Authority shall lease to Lessor the Site and the Facility, together with Appurtenant Rights (iv) Lessee, as Construction Agent, and Lessor shall enter into the Construction Agency Agreement and (v) Lessor and Lessee will enter into the Lease pursuant to which Lessor shall lease to Lessee on the Base Term Commencement Date, and Lessee shall lease from Lessor, the Leased Property for the Term.
Lease of Leased Property. The Lessor hereby agrees to (i) finance the Renewable Energy Projects and the Capital Improvement Projects for the Series 2010 Local Units, and (ii) enter into the Local Unit License Agreements with the Series 2010 Local Units, thereby giving the Lessor nominal ownership of the Renewable Energy Projects, and providing the Company with a license and access to the Local Unit Facilities for the Series 2010 Local Units.
Lease of Leased Property. LEASE TERM 2 Section 2.1. Acceptance and Lease of the Leased Property 2 Section 2.2. Acceptance Procedure 2 Section 2.3. Term 2 Section 2.4. Title 3 Section 2.5. Contract Matters 3 Section 2.6. Ground Lease; Ground Sublease; Authority Lease 3
