Premises Lease Clause Samples

Premises Lease. Lessor and Lessee agree that the rentable square footage of the Premises is THREE HUNDRED FIFTY-FOUR THOUSAND SEVEN HUNDRED NINETY-SEVEN (354,797) square feet. Notwithstanding any provision in the Lease to the contrary, except as provided in Paragraph 3(c) of this Second Amendment, Lessor shall not have any right to relocate the location of the Premises. Accordingly, Paragraphs 3(b) and 3(c) of the First Amendment are hereby deleted in their entirety. From and after the Effective Date, the term Lease, as used in the Original Lease, the MOU, the First Amendment and this Second Amendment, shall mean and refer to the Original Lease as amended by the MOU, the First Amendment and this Second Amendment.

Premises Lease. Purchaser acknowledges receipt of a valid Lease Agreement from the landlord for the premises occupied by the business prior to the Date of Closing, which Lease Agreement is a condition of closing.

Premises Lease. Buyer shall not assume any obligations pursuant to the lease for the premises currently occupied by Seller (the "Premises") but shall be granted the right by Seller on the Closing Date to occupy such Premises on the temporary basis described below. At Closing, Buyer will pay Seller a fee of $32,670 for the right to access and use the Premises for thirty days following the Closing Date. Following that thirty day period, Buyer will pay Seller in advance a fee of $8,167.50 for the right to access and use the Premises for successive seven day periods. Buyer may vacate the Premises at any time and cease payments upon 30 days' notice to Seller. Buyer shall have no other obligation related to the Premises, and Seller agrees to indemnify and hold Buyer harmless against any and all claims by any third party related to the Premises; provided, however, Buyer shall not be held harmless from any claims caused by the acts or negligence of Buyer or its employees or agents.

Premises Lease. The Company shall have maintained in good standing the terms of all the leases to the real property.

Premises Lease. 34.1 [ ] At Closing, Seller shall assign and Buyer shall assume the lease on the Business premises with ▇▇▇▇▇▇'s written consent, and this Contract shall be subject to such consent where consent is required. 34.2 [ ] Alternately, at Buyer's option, Seller shall cooperate with the Buyer in obtaining a new premises lease on substantially the same terms and conditions as the Seller's existing lease, to be effective as of the Closing Date. 34.3 [ ] Other:

Premises Lease. The Company shall have maintained in good standing the terms of the lease to the property located at ▇▇▇▇ ▇. ▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇ and ▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇ (the “Premises Lease”).

Premises Lease. 5.1.13.1 Except for the Premises Lease, the Vendor is not a party as lessee to any lease or agreement in the nature of a lease or any other type of occupancy agreement relating to any real property. 5.1.13.2 The Vendor has rights of ingress and egress to and from the Premises necessary to the present conduct of the Business. 5.1.13.3 The Premises Lease is in full force and effect and no party to the Premises Lease is in material breach under, or threatening the termination of the Premises Lease. 5.1.13.4 All rental and other payments required to be paid by the Vendor as tenant under the Premises Lease have been duly paid or accrued in the Books and Records to date and the Vendor is not otherwise in default in meeting its obligations under the Premises Lease. No event exists which, with the passing of time or the giving of notice, or both, would constitute a default by either party to the Premises Lease and no party to the Premises Lease is claiming any such default or taking any action purportedly based upon any such default. 5.1.13.5 The Vendor has not waived, or omitted to take any action in respect of, any of its rights under the Premises Lease. 5.1.13.6 Except as disclosed in Schedule 5.1.13, the Vendor has received no notification of, nor, to the Knowledge of the Vendor, does there exist any outstanding deficiency notice or work order, or any pending deficiency notice or work order in respect of the Premises. 5.1.13.7 Except as disclosed in Schedule 5.1.13, all of the plant, buildings, structures, erections, improvements, fixtures and appurtenances situated on or forming part of the Premises are in good operating condition and repair, ordinary wear and tear excepted, and are not in need of maintenance or repairs (except for ordinary or routine maintenance or repairs). 5.1.13.8 To the Knowledge of the Vendor: 5.1.13.8.1 no Person has made application for a re-zoning of any part of the Premises; and 5.1.13.8.2 there is no proposed or pending change to any zoning affecting any part of the Premises. 5.1.13.9 Except as described in Schedule 5.1.13 and to the Knowledge of the Vendor, there are no matters including any building or use restrictions, affecting the right and interest of the Vendor in and to the Premises which, in the aggregate, would materially affect the ability to carry on the Business as conducted at present upon the Premises. 5.1.13.10 All of the tangible personal property located on the Premises is owned by the Vendor, except those items o...

Premises Lease. The Lease shall have been executed and delivered by 130 Associates and the Company.

Premises Lease. The Company is the tenant under a lease dated August 1, 1991 with ▇▇▇▇▇▇ ▇. ▇▇▇▇ as landlord with respect to premises consisting of approximately 3,300 square feet on the first floor of the building located at E. ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ in Spokane, Washington. The Sellers, at the request of the Company, have provided a true, complete and correct copy of the lease to INBI, and the lease has not been amended or modified, orally or in writing. Neither the Company, nor, to the best knowledge of the Sellers, the landlord, is in default under the lease and there has been no event which, with the giving of notice or passage of time, would constitute a default. There has been no material anticipatory breach by any party or any dispute or disagreement between or among the parties to the lease in relation to the subject matter thereof. The lease is in full force and effect in accordance with its terms and is the legal, valid and binding obligation of the Company and the landlord. The Company has paid all sums due under the lease when due. The lease term has been extended as provided in Section II of the lease and will expire on September 30, 2002. The Company has obtained all consents necessary to allow continued occupancy of the leased premises by the Company after completion of the transaction contemplated under this Agreement.