Common use of Purpose of the Lease Clause in Contracts

Purpose of the Lease. 3.1 The Lessor grants to the Lessee the right to use the Office Premises exclusively as office premises (the “Purpose of the Lease”). Within the purpose of use mentioned in the preceding sentence the Lessee undertakes to use the Subject of the Lease only for activities registered as the Lessee’s scope of business activity listed in the Lessee’s extract from the Commercial Register attached at Exhibit 1 hereto. 3.2 The Lessee is entitled neither to: (i) deal with any goods nor to sell goods in the Subject of the Lease, nor to (ii) organize exhibitions, markets, presentations and similar events in the Subject of the Lease, except for occasional events for Lessee’s clients, contractors and/or any third persons in an extent usual and acceptable for office premises, nor to (iii) otherwise use the Subject of the Lease in a manner or extent exceeding the usual and acceptable office premises. 3.3 Any extension of the Lessee’s scope of business activity performed in the Subject of the Lease whether it is or is not individually subject to record in the Commercial Register, or by any other activity, whether it is or is not subject to record in the any register is subject to prior written consent of the Lessor. The exemption from the above-mentioned is acquiring new activity, which belongs to unregulated trade according to the Trade Act, of which the Lessee will inform the Lessor without undue delay following the acquisition of such activity. 3.4 The Lessee may not use the Subject of the Lease for other purposes than those described above in Section 3.1. 3.5 The Lessee is entitled to place its registered office at the address of the Subject of Lease. The Lessor shall provide the Lessee at its request with a written consent with the placement of the registered office of the Lessee in the Subject of Lease for the purpose of registration of the Lessee’s registered office in the Commercial Register. The Lessee is obliged to change its registered office and, within the same deadline, ensure a change of the address of any other companies for which the Lessee was granted a consent from the Lessor with placement of registered office in the Building, within 60 days after termination of this Agreement and to evidence such a changes to the Lessor, provided that the new address of the registered office of the Lessee and/or other relevant companies shall differ from the address of the Subject of Lease. If the Lessee fails to fulfil its obligation mentioned in this Section, the Lessee shall pay to the Lessor a contractual penalty amounting to EUR 100 for each commenced day of delay with its fulfilment.

Appears in 2 contracts

Samples: Lease Agreement (SEMrush Holdings, Inc.), Lease Agreement (SEMrush Holdings, Inc.)

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Purpose of the Lease. 3.1 4.1 The Lessor grants to the Lessee the right to use the Office Premises exclusively as office premises (the “Purpose of the Lease”). Within the purpose of use mentioned in the preceding sentence the Lessee undertakes to use the Subject Premises for office purposes of the Lease Company only for activities registered as the Lessee’s scope of business activity listed in the Lessee’s extract from the Commercial Register attached at Exhibit 1 hereto. 3.2 The Lessee is entitled neither to: subject to law (i) deal with any goods nor to sell goods in the Subject of the Lease, nor to (ii) organize exhibitions, markets, presentations and similar events in the Subject of the Lease, except for occasional events for Lessee’s clients, contractors and/or any third persons in an extent usual and acceptable for office premises, nor to (iii) otherwise use the Subject of hereinafter – “the Lease in a manner or extent exceeding the usual and acceptable office premises. 3.3 Any extension of the Lessee’s scope of business activity performed in the Subject of the Lease whether it is or is not individually subject to record in the Commercial Register, or by any other activity, whether it is or is not subject to record in the any register is subject to prior written consent of the LessorPurpose”). The exemption from the above-mentioned is acquiring new activity, which belongs to unregulated trade according to the Trade Act, of which the Lessee will inform the Lessor without undue delay following the acquisition of such activity. 3.4 The Lessee may not use the Subject Premises for any other purpose. This clause is a principal term of this Agreement, the breach thereof will constitute a fundamental breach. 4.2 The University or the JIZMD bear no responsibility whatsoever towards the Lessee including in all aspects relating to the adaptation of the Premises for its purpose and in all aspects relating to the Lessee’s ability to obtain a business licence and/or any other permit required (hereinafter: “Business Licence”) that is required for the Lease for other purposes than those described above in Section 3.1Purposes of the Premises. 3.5 4.3 The Lessee is entitled solely responsible for obtaining a Business Licence from the competent authority, at its own expense. Failure to place its registered office obtain a Business Licence will not entitle the Lessee to terminate or suspend the Agreement of Lease, and the Lessee declares that it will be, notwithstanding whether it will have examined or not examined at the address competent authorities its ability to obtain such a Business Licence, solely and fully responsible for the issuance of the Subject Business Licence and the same will not constitute any cause for the termination or suspension of the Agreement of Lease. . 4.4 The Lessor shall provide Lessee undertakes to manage the business at the Premises, according to the Lease Purpose, lawfully and in accordance with any lawful permit and licence. 4.5 If the competent authority will subject the grant of the Business Licence and/or the extension thereof to the making of changes at the Premises, then the Lessee at its request with a written will be required to obtain the University’s and the JIZMD’s consent with the placement of the registered office of the Lessee in the Subject of Lease for the purpose of registration of the Lessee’s registered office advance and in the Commercial Register. The Lessee is obliged to change its registered office and, within the same deadline, ensure a change of the address of any other companies for which the Lessee was granted a consent from the Lessor with placement of registered office in the Building, within 60 days after termination of this Agreement and to evidence such a changes to the Lessor, provided that the new address of the registered office of the Lessee and/or other relevant companies shall differ from the address of the Subject of Leasewriting. If the Lessee fails will be unable to fulfil its obligation mentioned obtain a licence following the University’s or JIZMD’s refusal to the making of the changes, this Agreement will be null and void without any right of action of the parties against one another. Only if the Lessee obtains the University’s JIZMD’s prior consent in advance and in writing, will be it entitled to make the changes that will have been approved by the University and the JIZMD in accordance with a pre-approved plan in writing, by the University and the JIZMD. The making of the changes will be at and on the Lessee’s expense and responsibility, and the University and/or the JIZMD will have the authority to effect the works independently or inspect the performance thereof. In all aspects relating to the changes that have been made in the Premises according to this Sectionclause, the Lessee shall pay to the Lessor a contractual penalty amounting to EUR 100 for each commenced day of delay with its fulfilmentprovisions contained in Clause 6 hereof will similarly apply.

Appears in 2 contracts

Samples: Lease Agreement (Anchiano Therapeutics Ltd.), Lease Agreement (BioCancell Ltd.)

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Purpose of the Lease. 3.1 2.1 The Lessor grants Landlord hereby leases the Property to the Lessee Tenant, who accepts it, so that the right Tenant can carry out in the Property the Permitted Use and the corresponding administrative tasks after the completion of the Conditioning Works by the Tenant and obtaining the relevant authorizations. For the avoidance of doubt: (a) The access areas indicated in color in the draft attached in Annex 3 are part of the Building. (b) The Property is leased to the Tenant with the connections to the general supplies and equipment of the Building and without prejudice to the Tenant’s power to install the equipment and machinery that are necessary for the development of its activities, whose installation will correspond to the Tenant itself (and that will be owned by the Tenant) under the terms stipulated in this Agreement. 2.2 The Tenant may only use the Office Premises exclusively Property for the Permitted Use and always subject to the License of Occupation and the Activity License. 2.3 The Tenant may only develop the Permitted Use in the Property. Any change in whole or in part to the Permitted Use may only be made by novation in writing of this Agreement. 2.4 This Agreement is valid and comes into force as office premises (of today’s date and the “Purpose Parties expressly declare that there is no need for any further ratification after the delivery of the Lease”Property to the Tenant. Consequently, all rights, obligations and waivers included in this Agreement become final as of today, without prejudice to the fact that the effectiveness of certain clauses is deferred to a later time (delivery, agreements on Rent payments, start of the Lease Term, etc.). Within . 2.5 It is expressly stated for the record that the purpose of use mentioned this Agreement constitutes the Property in its entirety, considered as an indivisible whole, comprising the preceding sentence Warehouse and the Lessee undertakes Offices referred to use in Exhibit (B). The Tenant may not reduce the Subject of the Lease only for activities registered as the Lessee’s scope of business activity listed in the Lessee’s extract from the Commercial Register attached at Exhibit 1 hereto. 3.2 The Lessee is entitled neither to: (i) deal with any goods nor to sell goods in the Subject of the Lease, nor to (ii) organize exhibitions, markets, presentations and similar events in the Subject of the Lease, except for occasional events for Lessee’s clients, contractors and/or any third persons in an extent usual and acceptable for office premises, nor to (iii) otherwise use the Subject purpose of the Lease in a manner or extent exceeding any way during the usual and acceptable office premises. 3.3 Any extension term of the Lessee’s scope of business activity performed in the Subject of the Lease whether it is or is not individually subject to record in the Commercial Register, or by any other activity, whether it is or is not subject to record in the any register is subject to prior written consent of the Lessor. The exemption from the above-mentioned is acquiring new activity, which belongs to unregulated trade according to the Trade Act, of which the Lessee will inform the Lessor without undue delay following the acquisition of such activity. 3.4 The Lessee may not use the Subject of the Lease for other purposes than those described above in Section 3.1. 3.5 The Lessee is entitled to place its registered office at the address of the Subject of Lease. The Lessor shall provide the Lessee at its request with a written consent with the placement of the registered office of the Lessee in the Subject of Lease for the purpose of registration of the Lessee’s registered office in the Commercial Register. The Lessee Agreement and is obliged to change its registered office andpay the full Rent in accordance with the provisions of this Agreement. However, within the same deadline, ensure a change Landlord expressly reserves the option to exclude from the Lease the use of the address Cover Surface Area, in the event that the Landlord wishes to exploit it directly or assign its use by the title it deems appropriate to any third parties of any other companies its free choice (such as investors, agents or operators in the renewable energy market) for the facility, maintenance and exploitation of solar thermal or photovoltaic energy capture systems, with or without connection to the electrical grid (such as thermal panels and/or photovoltaic plates) or for the production of electrical energy on a special basis, which the Lessee was granted a consent Tenant accepts and consents to for all purposes. 2.6 The Tenant expressly accepts the classification, rating and urban planning situation of the Building (in particular, for the purposes of the uses permitted to be implemented under this Agreement), assumes the regulatory provisions and limitations that may derive from the Lessor classification, rating and urban planning situation for the development of the Permitted Use and undertakes to comply with placement said regulatory provisions and limitations during the term of registered office this Agreement. 2.7 In the event that one or more Additional Requirements are imposed, the Tenant undertakes from now on to bear the costs that may derive from the execution or implementation of said Additional Requirements and undertakes to pay them within fifteen (15) Business Days of receipt of the corresponding payment request from the Landlord. The Completion Date of the Landlord’s Works will be postponed for the period necessary to comply with the Additional Requirements. 2.8 The Tenant agrees to collaborate with the Landlord to the extent that such collaboration is necessary for the completion of the Landlord’s Works and the processing of the License of Occupation. The Tenant agrees to make available to the Landlord all plans and specifications of the Conditioning Works that the Landlord may require. 2.9 During the execution of the Landlord’s Works, the Tenant may request the Landlord to make constructive modifications to the Property (the “Work Modifications”). The Landlord may refuse to make such Work Modifications if they differ materially from the conditions and limits established in the BuildingTechnical Specifications. The Landlord shall inform the Tenant of both the price and term of execution of the Work Modifications and the impact that the Work Modifications may have on the Landlord’s Works Completion Date. If the Parties reach an agreement on the price, within 60 days after term and scope of the Work Modifications, they must confirm said agreement in writing by formalizing a Change Order. If the execution of the Work Modifications affects the Completion Date, the Parties shall establish the new Landlord’s Works Completion Date in the Change Order. The Landlord shall not be obliged to initiate the Work Modifications until the corresponding Change Order has been formalized between the Parties. 2.10 The Landlord shall execute the Work Modifications at its own expense for the price agreed in the Change Order (the “Work Modification Costs”). Unless otherwise agreed by the Parties, the Work Modification Costs shall be taken into account in the calculation of the Supplementary Part of the Rent in accordance with Clause 8.5. 2.11 If any of the causes of termination of this Agreement and in accordance with Clauses 18.2 or 18.4 occurs before the Start Date, the Landlord shall have the right to evidence such demand from the Tenant, who agrees, a changes conventional penalty equal to the Lessor, provided that the new address 150% of the registered office Work Modification Costs and of the Lessee and/or other relevant companies shall differ from costs motivated by the address of the Subject of Lease. If the Lessee fails Additional Requirements referred to fulfil its obligation mentioned in this Section, the Lessee shall pay to the Lessor a contractual penalty amounting to EUR 100 for each commenced day of delay with its fulfilmentClause 2.7.

Appears in 2 contracts

Samples: Non Residential Lease Agreement (RMG Acquisition Corp. III), Non Residential Lease Agreement (RMG Acquisition Corp. III)

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