Occupancy arrangements Clause Samples
The Occupancy Arrangements clause defines the terms under which a tenant or occupant is permitted to use and reside in a property. It typically outlines the start and end dates of occupancy, any conditions or restrictions on use, and the rights and responsibilities of both the occupant and the property owner during the occupancy period. For example, it may specify whether subletting is allowed or detail requirements for maintaining the premises. This clause ensures both parties have a clear understanding of the occupancy terms, reducing the risk of disputes and providing a framework for managing the use of the property.
Occupancy arrangements. Provided that the tenant continues to pay Rent in accordance with this agreement, the landlord consents to the tenant:
a. allowing Defence Force personnel and other persons specified under the DHA Act to occupy the Premises; or
b. if the tenant does not require the Premises for housing Defence Force personnel or other specified persons under the DHA Act:
(i) allowing other persons to occupy the Premises; or
(ii) leaving the Premises unoccupied.
Occupancy arrangements. Provided that DHA continues to pay rent in accordance with this agreement, the Lessor consents to DHA:
(a) allowing Defence Force personnel to occupy the Property;
(b) if DHA does not require the Property for housing Defence Force personnel:
(i) subletting the Property on the private rental market; or
(ii) leaving the premises unoccupied.
Occupancy arrangements. Occupancy rights included in this commercial lease are personal and non-transferable. Because the stipulation of rent in kind is a condition of this lease, the LESSOR may not claim any compensation for their benefit, nor the right to carry over to the following year if they do not use all of their occupancy rights.
Occupancy arrangements. Notwithstanding the provisions of Article 13 to the contrary, Tenant agrees that Tenant may not enter into an Occupancy Arrangement with a Person who is affiliated with Tenant unless (a) the Person has a net worth, determined in accordance with generally accepted accounting principles, at least equal to Tenant's net worth and (b) the Person agrees to be bound by the obligations of Tenant under the Lease, including, without limitation, the covenant against further Occupancy Arrangements. Tenant agrees not to enter into any Occupancy Arrangement which provides for Rent based in whole or in part on the net income or profits derived by any Person from the Premises, and any such Occupancy Arrangement will be void, provided that nothing in this paragraph A-1 will be deemed to prohibit Occupancy Arrangements which provide for Rent based upon a percentage of sales or receipts.
Occupancy arrangements. It is acknowledged that:
(a) The Manager shall have no rights or obligations with respect to the creation, approval or execution of any Occupancy Agreement in respect of Non-Revenue Generating Space or Revenue Generating Space, or of any Third Party Lease in respect of Third Party Commercial Space within University Allocated Space; and
(b) The University shall have no rights or obligations with respect to the creation, approval or execution of any Occupancy Agreement in respect of Non-Revenue Generating Space or Revenue Generating Space within Students’ Union Allocated Space.
Occupancy arrangements. The Seller Insurer Party and the Purchaser agree to negotiate in good faith one or more agreements for the Seller Insurer Party's provision to the Purchaser of the use of a portion of certain real property (either owned or leased by the Seller Insurer Party) located in Hartford, Connecticut and San Francisco, California. Such agreements shall have the principal terms set forth on Schedule 7.3 and will be based to the extent appropriate on the draft occupancy agreement which has been discussed by the parties prior to the date hereof. Such agreements shall be entered into on or before the thirtieth day after the Closing. Prior to such thirtieth day, the Sellers agree that the Transferred Employees may continue to work at the Sellers' properties consistent, in all material respects, with their past practices and the Purchaser shall reimburse the Sellers for the aggregate imputed or actual cost and expense incurred by the Seller Insurer Party to own or lease such properties at a rate not to exceed $33 per square foot, and for the agreed upon utilities and services utilized by the Transferred Employees in connection therewith.