Leasing of the Leased Property Sample Clauses

Leasing of the Leased Property. Subject to the terms and conditions of this Agreement, Lessor hereby leases to Lessee and Lessee under such capacity hereby accepts from Lessor, the use of the Leased Property. The Leased Property has a construction of 166,582.12 square feet located on a 430,659.41 square feet area located on the Lessor’s land area.
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Leasing of the Leased Property 

Related to Leasing of the Leased Property

  • Damage to Leased Premises In the event the building housing the Premises shall be destroyed or damaged as a result of any fire or other casualty which is not the result of the intentional acts or neglect of Lessee and which precludes or adversely affects the Lessee’s occupancy of the Premises, then in every such cause, the rent herein set forth shall be abated or adjusted according to the extent to which the leased Premises have been rendered unfit for use and occupation by the Lessee and until the demised Premises have been put in a condition at the expense of the Lessor, at least to the extent of the value and as nearly as possible to the condition of the Premises existing immediately prior to such damage. It is understood, however, in the event of total or substantial destruction to the Premises that in no event shall the Lessor's obligation to restore, replace or rebuild exceed an amount equal to the sum of the insurance proceeds available for reconstruction with respect to said damage.

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