The Lease Agreement. 5.1. The Lessee will have access to the baby product(s) for the duration of the Lease agreement.
5.2. The lease agreement entitles you to service (see further article 7). This is understood to mean: free repair of defects to baby products caused by wear and tear and normal use of the baby product(s).
The Lease Agreement. The Lease Agreement, duly executed by Buyer.
The Lease Agreement. The District leases from the Corporation and the Corporation leases to the District, certain real property described in Section 2.01 hereof, upon the terms and conditions, and for the term, more fully set forth in the Lease/Purchase Agreement, dated as of July 1, 2024 (the “Lease Agreement”), by and between the Corporation, as lessor, and the District, as lessee, all of the provisions of which are hereby incorporated into this Memorandum of Lease Agreement by reference.
The Lease Agreement. 7.1 The document which regulates the relationship between the landlord and the tenant is the lease agreement. A lease must be concluded voluntarily and ensure the equality of both parties.
7.2 A lease must contain the following information: the structure and value of the property which is to be leased, the rate of rent, the terms of the lease, the distribution of the responsibilities of both parties to repair and maintain the property, the obligation of the landlord to lease his or her property according to the terms specified in the lease contract, the tenant's responsibility to use the property according to the agreed terms, the tenant's responsibility for timely payment of rent and for restitution of the property at the conclusion of the lease term, and eventual terms for buying the property and other necessary conditions.
7.3 The lease may include the landlord's obligations to supply materials, to assist in the development of the production, the technical improvement of production, social development, to consult and make necessary information available, other assistance, to help in the training of specialists, to make the necessary conditions for effective use of the leased property and to keep it in a good state.
7.4 The cost of leased property is defined in an agreement proceeding from an appraisal of the property at the time of its lease at its market cost, or the cost of it after restoration. Terms of expiry of the lease are fixed by an agreement of both parties.
7.5 In cases where, according to the lease contract, obligations of both the landlord and the tenant are not observed, improperly fulfilled and or one side breaks or decides to break the contract, responsibilities are shared according to the terms of the contract. In cases property belonging to a state enterprise is leased, the official owner of the property is responsible for his obligations toward the tenant.
The Lease Agreement. All terms and conditions of the Lease Agreement not specifically modified by the StoreSafe Lease Addendum are in effect and binding to both Lessor and Tenant, and are incorporated by reference herein.
The Lease Agreement. The Issuer shall procure that the Property Company does not terminate or otherwise amend or consent to any change of the Lease Agreement if such termination, amendment or consent would be materially detrimental to the Group. Termination of the Lease Agreement is permitted if the Group, no later than ninety days following such termination, has entered into a new lease agreement with the same or better rate and lessee.
The Lease Agreement. The Landlord leases the Premises to the Tenant, and the Tenant hires the Premises from the Landlord, in terms of this Lease Agreement.
The Lease Agreement. The Issuer has entered into a Lease Agreement dated as of the date of this Indenture (together with any and all amendments and supplements, the “Lease”) with the Company, under which the Issuer has leased the Leased Property (as defined in the Lease) to the Company and the Company has agreed to make rental payments in amounts sufficient to pay the principal of, interest on and redemption price of the Bond when due. For the purpose of providing security for the payment of the principal of, interest on and redemption price of the Bond, the Issuer wishes to assign to the Purchaser certain of its interests in the Lease.
The Lease Agreement. The Lease Agreement, duly executed by L. ------------------- Nordfjeld and the Company.
The Lease Agreement. The principal terms of the Lease Agreement are as follows:
