Common use of License to Use Premises Clause in Contracts

License to Use Premises. (a) The Administrator hereby grants a license to the Company to use the Premises as office space for the transaction of the Company’s business, and the Company hereby accepts such license, for the term, at the license fee and upon all of the conditions set forth in this Section 6. In addition, the Company and its employees (if any), invitees, agents and guests hereby are granted the non-exclusive use of the common areas of the building in which the Premises are situated. (b) The term of the license to use the Premises shall commence as of the date of this Agreement and shall terminate concurrently with the termination of this Agreement in accordance with the provisions of Section 7. (c) For each calendar month, the Company shall pay to the Administrator a license fee (the “License Fee”) in the amount of $200 payable on the 20th day of each month for the use of the Premises which the parties have agreed represents a reasonable allocation to the portion of the rent and any additional amounts for taxes, common area charges, utility charges (including reasonable and customary telephone charges incurred in the course of business), and comparable expenses payable for such period by the Administrator for all space leased in the building in which the Premises are situated that the number of square feet of the Premises bears to the total number of square feet leased by the Administrator in such building. The license fee includes compensation to the Administrator for office space in the Premises, utilities (including reasonable and customary telephone charges incurred in the course of business) and access to other portions of the building in which the Premises are situated that are occupied by the Administrator, to the extent required for the needs of the Company under this Agreement.

License to Use Premises. (a) The Administrator hereby grants a license to the Company to use the Premises as office space for the transaction of the Company’s business, and the Company hereby accepts such license, for the term, at the license fee and upon all of the conditions set forth in this Section 6. In addition, the Company and its employees (if any), invitees, agents and guests hereby are granted the non-exclusive use of the common areas of the building in which the Premises are situated. (b) The term of the license to use the Premises shall commence as of the date of this Agreement and shall terminate concurrently with the termination of this Agreement in accordance with the provisions of Section 7. (c) For each calendar month, the Company shall pay to the Administrator a license fee (the “License Fee”) in the amount of $200 700 payable on the 20th day of each month for the use of the Premises which the parties have agreed represents a reasonable allocation to the portion of the rent and any additional amounts for taxes, common area charges, utility charges (including reasonable and customary telephone charges incurred in the course of business), and comparable expenses payable for such period by the Administrator for all space leased in the building in which the Premises are situated that the number of square feet of the Premises bears to the total number of square feet leased by the Administrator in such building. The license fee includes compensation to the Administrator for office space in the Premises, utilities (including reasonable and customary telephone charges incurred in the course of business) and access to other portions of the building in which the Premises are situated that are occupied by the Administrator, to the extent required for the needs of the Company under this Agreement.