Common use of Tenant’s Right to Use the Southeast Corner Clause in Contracts

Tenant’s Right to Use the Southeast Corner. (a) As stated above in Section 1.1, the parties acknowledge and agree that the Southeast Corner is excluded from the Premises demised to Tenant herein. Landlord hereby covenants and agrees that, during the entire Term of this Lease, (i) Landlord shall maintain the Southeast Corner, at Landlord’s sole cost and expense, (ii) Landlord shall not develop (or permit the development of) permanently enclosed, habitable buildings containing in excess of five percent (5%) of the land area of the Southeast Cornerfour hundred (400) square feet and (iii) Landlord shall, at its sole cost and expense, provide standard policing of the Southeast Corner, and if security issues arise after Tenant opens its museum to the public, Landlord will consider in good faith any requests reasonably made by Tenant to increase the security provided by Landlord to the Southeast Corner.

Appears in 1 contract

Samples: Air Rights Lease Agreement

AutoNDA by SimpleDocs

Tenant’s Right to Use the Southeast Corner. (a) As stated above in Section 1.1, the parties acknowledge and agree that the Southeast Corner is excluded from the Premises demised to Tenant herein. Landlord hereby covenants and agrees that, during the entire Term of this Lease, (i) Landlord shall maintain the Southeast Corner, at Landlord’s sole cost and expense, (ii) Landlord shall not develop (or permit the development of) permanently enclosed, habitable buildings containing in excess of five percent (5%) of the land area of the Southeast Cornerfour four hundred (400) square feet and (iii) Landlord shall, at its sole cost and expense, provide standard policing of the Southeast Corner, and if security issues arise after Tenant opens its museum to the public, Landlord will consider in good faith any requests reasonably made by Tenant to increase the security provided by Landlord to the Southeast Corner.

Appears in 1 contract

Samples: Rights Lease Agreement

Tenant’s Right to Use the Southeast Corner. (a) As stated above in Section 1.1, the parties acknowledge and agree that the Southeast Corner is excluded from the Premises demised to Tenant herein. Landlord hereby covenants and agrees that, during the entire Term of this Lease, (i) Landlord shall maintain the Southeast Corner, at Landlord’s sole cost and expense, (ii) Landlord shall not develop (or permit the development of) permanently enclosed, habitable buildings containing in excess of five percent (5%) of the land area of the Southeast Cornerfour hundred (400) square feet Corner and (iii) Landlord shall, at its sole cost and expense, provide standard policing of the Southeast Corner, and if security issues arise after Tenant opens its museum to the public, Landlord will consider in good faith any requests reasonably made by Tenant to increase the security provided by Landlord to the Southeast Corner.

Appears in 1 contract

Samples: Air Rights Lease Agreement

AutoNDA by SimpleDocs

Tenant’s Right to Use the Southeast Corner. (a) As stated above in Section 1.1, the parties acknowledge and agree that the Southeast Corner is excluded from the Premises demised to Tenant herein. Landlord hereby covenants and agrees that, during the entire Term of this Lease, (i) Landlord shall maintain the Southeast Corner, at Landlord’s sole cost and expense, (ii) Landlord shall not develop (or permit the development of) permanently enclosed, habitable buildings containing in excess of five percent (5%) of the land area of the Southeast Cornerfour hundred (400) square feet Corner for residential or commercial uses and (iii) Landlord shall, at its sole cost and expense, provide standard policing of the Southeast Corner, and if security issues arise after Tenant opens its museum to the public, Landlord will consider in good faith any requests reasonably made by Tenant to increase the security provided by Landlord to the Southeast Corner.. [OPEN FOR FURTHER DISCUSSION]

Appears in 1 contract

Samples: Air Rights Lease Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!