Occupancy Conditions Clause Samples
The Occupancy Conditions clause defines the requirements and standards that must be met before a tenant can take possession of a leased property. Typically, this clause outlines prerequisites such as completion of construction, compliance with safety codes, or the provision of utilities and amenities. By clearly specifying these conditions, the clause ensures that the property is suitable and ready for use, thereby protecting both parties from disputes over the state of the premises at the start of the lease.
Occupancy Conditions. Tenant acknowledges that completion of the Improvements may result in noise, vibration, dust, odors and other disturbances to normal occupancy, and such disturbances and conditions shall not be deemed to be an interference with ▇▇▇▇▇▇’s quiet enjoyment of the Premises. Tenant shall use commercially reasonable efforts to minimize all such disturbances and conditions caused by ▇▇▇▇▇▇’s construction activities.
Occupancy Conditions. A- USE OF THE PREMISES The premises that are the object hereof are intended to be used as an industrial manufacturing unit. The Finance-Lessee must continue to use the premises for this purpose throughout the contract's lease's term and undertakes not to use them for any other purpose, including temporarily.
Occupancy Conditions. REMARKS: ............... ............... ............... ...............
Occupancy Conditions. (1) If, as of any date, Tenant occupies any portion of the Second Amendment Additional Premises equal to fifty (50%) percent or less, then such occupancy shall be defined as the "One Half Occupancy Condition".
(2) Tenant's occupancy of greater than fifty percent (50%), but less than seventy-five percent (75%) of the Total Rentable Area of the Second Amendment Additional Premises shall be defined as the "More Than One-Half Occupancy Condition".
(3) If, as of any date, Tenant occupies exactly seventy-five percent (75%) of the Total Rentable Area of the Second Amendment Additional Premises, such occupancy shall be defined as the "Three-Quarter Occupancy Condition".
(4) If, as of any date, Tenant occupies greater than seventy-five (75%) percent of the Total Rentable Area of the Second Amendment Additional Premises, Tenant shall be considered as having occupied the entirety of the Second Amendment Additional Premises and such occupancy shall be defined as the "Full Occupancy Condition".
Occupancy Conditions. As of the Closing Date, the Samsonite Premises, the Heritage Commons III Premises, and Heritage Commons IV Premises are then no less than 100% (based upon gross leasable area) (except as set forth on the rent roll attached as Exhibit “O”) leased to the respective Tenant under a signed Lease, in occupancy of all or substantially all of the building, and then being current in the payment of full rent and reimbursables or receiving rent abatements (for which Seller is compensating Purchaser), pursuant to Exhibit “O” and all tenant improvement allowances and/or leasing commissions for any Lease shall have been fully paid and discharged (or credited to Purchaser at Closing) and there shall not then exist any default under any Lease either on the part of Seller as landlord or Tenant.
Occupancy Conditions. Unless and until the following conditions (the “Occupancy Conditions”) are satisfied, or waived in writing by Lessor in its sole discretion, the Parties acknowledge and agree that Lessor shall not be obligated to commence the Occupancy: