Premises/Lease Term Sample Clauses
The PREMISES/LEASE TERM clause defines the specific property being leased and the duration of the lease agreement. It typically identifies the address or legal description of the premises and sets out the start and end dates of the lease, as well as any options for renewal or extension. This clause ensures both parties are clear about the exact space being rented and the time period covered, thereby preventing disputes over occupancy rights and lease obligations.
Premises/Lease Term. Lessee is extending the Lease Term for the Premises for one (1) year, and such term commences on February 1, 2013 and terminates on January 31, 2014 (the “Extended Term”), unless sooner terminated or extended in accordance with the terms of the Lease.
Premises/Lease Term. In consideration of the mutual obligations of Landlord and Tenant set forth herein, Landlord leases to Tenant, and Tenant hereby takes from Landlord, approximately 110,157 square feet (the PREMISES) in the approximate 280,000 square foot warehouse building structure (the BUILDING) owned by Landlord on the land (the LAND) consisting of approximately 14.3978 acres located in the city of Coppell, Dallas County, Texas, as such Land is more particularly described on EXHIBIT "A" attached hereto and incorporated herein by reference, together with the non-exclusive use of all rights, privileges, easements, appurtenances, and amenities belonging to or in any way pertaining to the Land for a term (the LEASE TERM or the TERM OF THIS LEASE) beginning on the date of this Lease (hereinafter defined) and ending at 11:59 p.m. on January 19, 2007. The Land, the Building (including the Premises Comprising a part thereof) and the other Improvements (hereinafter defined) are collectively referred to herein as the PROJECT. The location of the Premises within the Building and the configuration of the Project is illustrated by the Site Plan (herein so called) attached hereto as EXHIBIT "B" and incorporated herein by reference.
Premises/Lease Term. In consideration of the mutual obligations of Landlord and Tenant set forth herein, Landlord leases to Tenant, and Tenant hereby takes from Landlord, approximately 74,476 square feet (the PREMISES) in the Building (hereinafter defined) to be constructed by Landlord on an approximate 27.8 acre tract of land located in the Freeport ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇ ▇▇ ▇▇▇▇▇▇▇, ▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇, as more particularly described on EXHIBIT "A" attached hereto and incorporated herein by reference (the LAND) and illustrated and illustrated on the Site Plan (herein so called) attached hereto as EXHIBIT "C" and incorporated herein by reference, together with the non-exclusive use of all rights, privileges, easements, appurtenances, and amenities belonging to or in any way pertaining to the Project (hereinafter defined) for a term (the LEASE TERM or the TERM OF THIS LEASE) beginning on the Commencement Date (hereinafter defined) and ending at 11:59 p.m. on the last day of the month that is one hundred twenty (120) complete calendar months after the Rent Commencement Date (hereinafter defined). If the Rent Commencement Date occurs on the first day of a calendar month, then the month in which the Rent Commencement Date occurs shall be the first complete calendar month after the occurrence of the Rent Commencement Date for purposes of determining such one hundred twenty (120) complete calendar month period. That portion of the Land upon which the Building (and its appurtenances) are constructed, the Building (including the Premises comprising a part thereof) and any other improvements constructed by or on behalf of Landlord on such portion of the Land are collectively referred to herein as the PROJECT. The Project is further described by illustration on the Site Plan.
Premises/Lease Term. Effective as of January 20, 2007 (the “Effective Date”) the term of the Lease is hereby extended through midnight on March 19, 2017 (the “Extension Term”) with an option of early termination as set forth in Article 9 hereof.
Premises/Lease Term. Subject to the provisions of ▇▇▇▇▇▇▇▇▇ ▇▇, ▇▇▇▇▇▇▇▇ hereby leases to Tenant and Tenant hereby leases from Landlord 5,200 square feet of its space on the first floor of the Building, as shown on Exhibit A attached hereto and made a part hereof (said space, together with the Tenant's Parking Spaces (as defined below) shall be referred to herein as the "Subleased Premises"), for a term beginning thirty (30) days from the date of delivery of actual possession of the Subleased Premises by Landlord to Tenant, but in no event later than October 1, 1999 (the "Commencement Date") and ending on August 31, 2002 (the "Lease Termination Date") unless sooner terminated in accordance with this Sublease or unless Landlord's tenancy is terminated under the Prime Lease (the "Sublease Term"). In the event actual possession of the Subleased Premises is not delivered by Landlord to Tenant by September 1, 1999 and the Sublease Term (as set forth above), commences on a date other than October 1, 1999, Landlord and Tenant shall execute a memorandum setting forth the actual date of commencement of the Sublease Term and in such event possession of the Subleased Premises shall be delivered to Tenant at least thirty (30) days prior to the Commencement Date. Neither this Sublease or any memorandum of commencement shall be recorded.
Premises/Lease Term. Lessee is extending its lease on (a) Suite 150 (3,206 rentable square feet) in the ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇ building and (b) Suite 150 (3,691 rentable square feet) in the ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇ building, each for three (3) years. Lessee is expanding into Suite 100 (2,876 rentable square feet) in the ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇ building effective February 1, 2010 (“Expanded Space No. 1”); Lessee has the option to occupy Expanded Space No. 1 without any charge prior to the effective date of February 1, 2010 with the understanding that tenant improvements will not have been completed. The tenant improvements will be completed after Lessee’s occupancy. Lessor shall coordinate the completion of the tenant improvements with Lessee to minimize disruption to Lessee. The Lease term is for three (3) years, as further provided herein. Lessee will also expand into Suite 100 (2,391 rentable square feet) in the ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇ building upon completion of further tenant improvements (“Expanded Space No. 2”), wherein the estimated completion date of said improvements is March 1, 2010. The lease for Suite 100 at the ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇ building will terminate at the same time as Lessee’s other suites. No monies are due on Expanded Space No. 2 until the further tenant improvements are complete and said space is usable by Lessee for the intended purpose. Notwithstanding any contrary provision, the termination date is January 31, 2013 for all suites leased by Lessee. The amount of rentable square feet is as follows: (a) 6,897 not including either expanded space; (b) 9,773 including only Expanded Space No. 1; (c) 9,288 including only Expanded Space No. 2; and (d) 12,164 including both expanded spaces. The amount of rentable space in square feet for both buildings is 47,924. Lessor represents and warrants that the aforementioned rentable square footages are true and accurate.
