Lease of Property Term of Lease Sample Clauses

Lease of Property Term of Lease. Section 1.01. Landlord, for and in consideration of the rents to be paid and of the covenants and agreements hereinafter contained to be kept and performed by Tenant, hereby leases to Tenant, and Tenant hereby hires from Landlord, that certain parcel of land consisting of over thirty (30) acres of real property, more particularly described in Exhibit A hereto, together with the buildings and all improvements located thereon, and all rights, privileges, easements, appurtenances and immunities belonging to or in any way pertaining to the aforesaid real property, commonly known and designated as 500 Xxxxxxxx Xxxxxx, Xxxxxxxx, Xxxxxxxxxxx 00000 ( xhe "Premises") subject to the exceptions listed on Exhibit A-1; reserving, however, to the Landlord the right to go upon the Premises for purposes of discharging and performing Landlord's environmental remediation and environmental auditing obligations and responsibilities as more specifically set forth in that certain Asset Purchase Agreement dated of even date herewith between Landlord, Aerospace Parts Security, Inc., The Suisxxx Xxxanium Corporation, Michxxx Xxxxxxx, Xxtal Management, Inc. and Tenant (the "Asset Purchase Agreement") and as further set forth in this Lease. Section 1.02. The term of this Lease shall be for a period of ten (10) years commencing on January 20, 1998 (the "Commencement Date") and expiring on January 19, 2008 (the "Initial Term"). Section 1.03. Provided that this Lease has not been terminated prior to the normal expiration date hereof, Tenant shall have the option to renew this Lease for the following consecutive terms (each, an "Extension Period"): (i) commencing on the expiration date of the Initial Term and expiring five (5) years thereafter ("First Extension Period"), (ii) commencing on the expiration date of the First Extension Period and expiring five (5) years thereafter ("Second Extension Period"), and (iii) commencing on the expiration date of the Second Extension Period and expiring fifty-nine (59) months thereafter. Each option to extend shall be exercised by Tenant by the giving of notice to such effect to Landlord not less than one hundred eighty (180) days prior to the expiration date of the existing Initial Term or the Extension Period of this Lease, as the case may be. The terms and conditions for any Extension Period shall be the same terms and conditions as shall be provided herein with respect to the Initial Term of this Lease, except (x) that the rent during any such ...
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Lease of Property Term of Lease. Demise of Property; Term ..................................... 35 Section 2.2 Condition of Property ........................................ 37 Section 2.3 Waiver of Right to Rescind ................................... 37 ARTICLE III CHARGES AND FEES Section 3.1 PILOT ........................................................ 38 Section 3.2 Retail Space Percentage Rent ................................. 41 Section 3.3 Sales Tax Savings; PILOST .................................... 43 Section 3.4 Exemption from Mortgage Recording Tax; PILOMRT ............... 45 Section 3.5 Theater Surcharge ............................................ 46 Section 3.6 Administrative Fee ........................................... 47 Section 3.7 Prorations; Overdue Amounts .................................. 47 Section 3.8 No Joint Venture ............................................. 48 Section 3.9 All Charges Treated as Rent .................................. 48 Section 3.10 Payments ..................................................... 48 Section 3.11 Net Lease .................................................... 48 Section 3.12 No Offset .................................................... 48 Section 3.13 Books and Records ............................................ 49 Section 3.14 Illegality ................................................... 50 Section 3.15 Administrative Code Section 11-208.1 ......................... 51 Section 3.16 Survival ..................................................... 51 Section 3.17 Existing Violations .......................................... 51 Section 3.18 End of NYTC Benefits ......................................... 51 ARTICLE IV IMPOSITIONS Section 4.1 Impositions .................................................. 52 Section 4.2 Payment ...................................................... 52 Section 4.3 Right to Contest ............................................. 52 ARTICLE V PURCHASE OPTION Section 5.1 Purchase Option ............................................... 55 Section 5.2 Casualty to, or Condemnation of, the Property ................. 57 Section 5.3 Termination of Right to Purchase .............................. 57 Section 5.4 Survival of Certain Obligations ............................... 57
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Lease of Property Term of Lease. SECTION 1.01. Landlord, in consideration of the rents, covenants, agreements, and conditions herein set forth which Tenant hereby agrees shall be paid, kept, and performed by Tenant, does hereby lease, let, demise, and rent exclusively unto Tenant, and Tenant does hereby rent and lease from Landlord, the following described premises: A tract of land containing 15.0633 acres, and being Parcel Two of Parcel Map 5112, filed September 29, 1987 in Book 122 of Parcel Maps, Pages 11 through 14, inclusive, Alameda County Records. SECTION 1.02. This Lease is subject to: (a) All present and future laws, ordinances, resolutions, regulations and orders of all municipal, county, state, federal or other governmental bodies, boards, agencies, or other authority now or hereafter having jurisdiction; and (b) The matters set forth in Exhibit "A" attached hereto and incorporated by reference herein for all purposes, to the extent, and only to the extent, that same may validly affect the above described premises.
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Lease of Property Term of Lease. (a) The Landlord, for and in consideration of the rent to be paid and the agreement hereinafter contained to be kept and performed by the Tenant, hereby leases to the Tenant, and Tenant hereby leases from the Landlord, the land, together with the building and improvements thereon, commonly known as the River View Building, located at 0 Xxxxx Xxxx, Xxxxxxxxxx Xxxxx. Such location shall hereinafter be referred to as the "premises". The premises are further illustrated in Appendix A attached to this lease. (b) The term of this Lease shall be for a period of 12 months commencing on January 1, 2024 and ending on December 31, 2024, both dates inclusive, unless sooner terminated as herein provided.
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Lease of Property Term of Lease. Landlord, for and in consideration of the rents to be paid and of the covenants and agreements hereinafter contained to be kept and performed by Tenant, hereby leases to Tenant, and Tenant hereby hires from Landlord, all those certain plots, pieces or parcels of land situated, lying and being in Kansas City, Kansas, lying beneath the identified Improvements and described in Appendix A, attached hereto and made part of this Lease; together with all right, title and interest, if any, of Landlord in and to any improvements now or hereafter located on said land, and any easements, licenses, privileges, rights and appurtenances related thereto. TO HAVE AND TO HOLD the same, subject as aforesaid, for a term commencing on February 1, 1988, (the “Commencement Date”) and ending December 31, 1997, or such later date as contemplated in Article 12 hereof, upon and subject to the covenants, agreements, terms, provisions and limitations hereinafter set forth, all of which Tenant covenants and agrees to perform and observe.
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Lease of Property Term of Lease. Section 1.01. For and in consideration of the rents to be paid and the covenants and agreements herein contained, Landlord hereby leases to Tenant and Tenant hereby hires from Landlord, subject to all of the terms, conditions and covenants herein contained, 43,920 rentable square feet of space (the “Premises”) in the building commonly known as Building 100 at the facility known as Gwinnett Xxxxxxx Business Distribution Center, with a street address at 0000 Xxxxx Xxxx, Duluth, Georgia 30136 (the “Park”). A floor plan of the Premises is attached hereto as Exhibit A. The Premises are designated as Suite 145 in Building 100. Together with the non-exclusive right for the term of this Lease to use all Common Areas (as hereinafter defined), including those parking spaces contiguous to the Building which exist on the date hereof, which parking spaces, along with the parking spaces which are to be constructed by Landlord in accordance with Section 5.03 hereof, are hereinafter collectively referred to as the “Parking Areas.” The Building, the other buildings in the Park and the Common Areas and Parking Areas forming a part thereof are as shown on the site plan (the “Site Plan”) of the Park annexed hereto as Exhibit B; Subject, however, to the Declaration of Easements and Covenants For Gwinnett Xxxxxxx Distribution Center, Xxxxxx County, Georgia, filed and recorded February 23, 1990, in Book 5899, Page 220, in the Office of the Clerk of the Superior Court, Xxxxxx County (the “Declaration”), and to such other agreements, easements, mortgages, encumbrances and other liens or charges affecting the Building and the Common Areas as are listed on Exhibit C hereto (collectively, the “Permitted Encumbrances”). Section 1.02. The term of this Lease shall commence on July 1, 1993 (the “Commencement Date”) and shall expire on June 30, 2003.
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Lease of Property Term of Lease 
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Related to Lease of Property Term of Lease

  • TERM OF LEASE This Lease shall commence on the date of ________ and shall continue until its natural termination under this part on the date of ________ at 11:59 PM. After the date of termination, this Lease shall automatically renew and shall continue for the same term amount until Landlord or Tenant undertake cancellation of this Lease in writing. At the expiration of this Lease, Tenant shall be responsible for providing a forwarding address to Landlord to receive any funds owed or other notices.

  • Lease of Property Landlord, for and in consideration of the covenants and agreements herein contained on the part of Tenant to be paid, kept, observed, and performed, hereby leases to Tenant, and Tenant hereby leases from Landlord for the Term (as hereinafter defined), the Property. Tenant’s use of the Property shall be in compliance with the terms of this Lease.

  • Initial Lease Term The Initial Lease Term is for a minimum of ten (10) years; however, the State will consider a longer lease term if economic benefits are deemed to be in the State’s best interest. Please propose a fixed, or flat, rental rate for a Gross Lease: including all expenses – taxes, insurance, janitorial services, maintenance, etc. The State may elect to pay for utilities separately so please include a cost per square foot to reduce the rental rate if such occurs.

  • Extension of Lease Term The Original Lease Term is hereby extended for a period of eighteen (18) months continuing through and including November 30, 2022 (the “Extension Term” and the Original Lease Term as so extended by the Extension Term, the “Lease Term”).

  • Lease of Premises Landlord hereby demises and leases to Tenant for the Term of this Lease and upon the terms and conditions hereinafter set forth, and Tenant hereby accepts from Landlord, the Premises.

  • Use of Leased Property Xxxxxx agrees to use the Leased Property only as residence. Xxxxxx agrees to obey all federal, state and local laws and regulations when using the Leased Property. Xxxxxx agrees not to store any flammable or dangerous things in or around the Leased Property. Xxxxxx agrees not to do anything in or around the Leased Property, which could harm anyone or damage any property. Xxxxxx agrees that Tenant will not allow more than one person per bedroom to live in the Leased Property without the written permission of Landlord. The fact that Tenant may have conflict with a roommate will not act as grounds to terminate this Lease. In the event that Xxxxxx is arrested for or charged with any crime (other than a traffic related offense not involving illegal or controlled substances) during the term of the Lease, and/or Landlord is presented with evidence of activities of Tenant which shall constitute a nuisance or a threat to Landlord, other tenants, the Leased Property or the development, Landlord shall have the right to evict Tenant from the Leased Property.

  • USE OF LEASED PREMISES The Lessor is leasing the Premises to the Lessee and the Lessee is hereby agreeing to lease the Premises for the following use and purpose: Any change in use or purpose the Premises other than as described above shall be upon prior written consent of Lessor only.

  • Sublease Term The term of the Sublease (“Sublease Term”) commences on the later to occur of (1) Sublandlord’s receipt of Prime Landlord’s written consent to this Sublease, and (2) October 1, 2009 (“Sublease Commencement Date”); and expires on January 28, 2018 (“Sublease Expiration Date”; i.e., the day prior to the Termination Date pursuant to the Prime Lease). Sublandlord shall deliver the Subleased Premises “broom clean” and free of all of Sublandlord’s personal property (other than the F&F (defined in Section 2(f))) and debris, but otherwise in “AS IS, WHERE IS” condition on the Sublease Commencement Date; provided that Subtenant shall not be responsible for, or required to remedy, any violation of any applicable law, or any condition or state of facts, with respect to the Subleased Premises, the Building or the Land existing on or prior to the Sublease Commencement Date. Sublandlord is not required to perform any work to prepare the Subleased Premises for Subtenant’s intended use. If (i) for any reason Sublandlord has not received Prime Landlord’s written consent to this Sublease in form required by Section 15(i) below by the date which is sixty (60) days from the date hereof, or (ii) Prime Landlord elects to terminate the Prime Lease in respect of the Subleased Premises pursuant to Prime Landlord’s recapture right set forth in Section 16.5 of the Prime Lease, then in the case of (i), then Sublandlord and Subtenant each may elect at any time thereafter to terminate this Sublease by written notice to the other, whereupon the parties shall deem this Sublease to be null and void and of no effect (except for those provisions expressly stated herein to survive a termination), and in the case of (ii) the Sublease will be deemed terminated in accordance with Section 16.5 of the Prime Lease.

  • Location of Real Property and Leased Premises (a) Schedule 3.20(a) lists completely and correctly as of the Closing Date all real property owned by the Borrower and the Subsidiaries and the addresses thereof. The Borrower and the Subsidiaries own in fee all the real property set forth on Schedule 3.20(a). (b) Schedule 3.20(b) lists completely and correctly as of the Closing Date all real property leased by the Borrower and the Subsidiaries and the addresses thereof. The Borrower and the Subsidiaries have valid leases in all the real property set forth on Schedule 3.20(b).

  • Acceptance of Leased Premises On or before the Possession Date, Tenant and Landlord shall each execute the letter agreement in the form attached hereto as Exhibit E (the “Letter Agreement”). By its execution of the Letter Agreement or occupancy of the Leased Premises, Tenant shall be deemed to represent and certify that it has examined the Leased Premises and that it thereby accepts the Leased Premises in its condition at the time, except for the list of defects and/or omissions identified in writing prior to the Possession Date (the “Punch-List”) and latent defects, but subject, in all cases, to Landlord’s repair, maintenance and replacement obligations set forth in this Lease and to the warranty related to the Tenant Improvements, as provided in the Work Letter Agreement. After the notice provided in Section 3.03 and prior to the Possession Date, the parties shall meet in the Leased Premises to establish the Punch-List. Landlord shall review the Punch-List items with Tenant and correct all undisputed Punch- List items within a reasonable time, not to exceed thirty (30) days after receipt of the Punch- List; provided that, if any Punch-List items cannot be corrected within such thirty (30) day period despite reasonable diligence by Landlord, then, so long as Landlord commences correction of such Punch-List items within such thirty (30) day period and diligently pursues such correction to completion, no default by Landlord shall be deemed to have occurred. Punch-List items for completion taking longer than six (6) months to complete (and not otherwise the result of Force Majeure, Tenant Delay, or the COVID-19 Condition) shall trigger a day for day prorated Minimum Monthly Rent abatement. The Tenant Improvements shall be subject to a two (2) year warranty, from the Possession Date, with regard to materials, design and workmanship, as provided in more detail in the Work Letter Agreement. Tenant shall reasonably cooperate with Landlord in providing required information as needed for Landlord to pursue vendor warranties on a timely basis, as requested in writing by Landlord. Landlord will pursue any valid warranty claims against its contractor beyond the two (2) year warranty provided that any expenses incurred and/or any recovery obtained shall be treated as either additional Operating Costs or an offset to Operating Costs under Section 5.03(a).

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