Common use of THE LETTING TERMS Clause in Contracts

THE LETTING TERMS. The Landlord in consideration of the rent reserved by, and the covenants in, this Lease at the request of the Guarantor lets to the Tenant all the Premises together with the rights set out in Schedule 1, Part 2 (Rights enjoyed with demise) and except and reserved to the Landlord the rights set out in Schedule 1, Part 3 (Exceptions and reservations) for the term of 10 (ten) years commencing on 14 November 2012 and expiring on 13 November 2022 subject to and with the benefit of the Encumbrances the Tenant paying during the Term: (a) the yearly rent of £365,560 (subject to revision under Schedule 2 (Rent reviews)) by equal quarterly payments in advance on the usual quarter days in every year, the first (or a proportionate part) of such payments in respect of the period commencing on the date of this Lease and ending on the following quarter day to be made on the grant of this Lease; and (b) as additional rent: (i) the monies payable by the Tenant under Schedule 3 (Insurance provisions) and Schedule 4 (Service charge provisions) commencing on the grant of this Lease; (ii) Interest payable by the Tenant under the terms of this Lease; and (iii) such value added tax as may be chargeable on the rent and the other additional rents reserved by this Lease.

Appears in 1 contract

Samples: Lease Agreement (Learning Tree International Inc)

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THE LETTING TERMS. The Landlord in consideration of the rent reserved by, and the covenants in, this Lease at the request of the Guarantor lets to the Tenant all the Premises together with the rights set out in Schedule 1, Part 2 (Rights enjoyed with demise) and except and reserved to the Landlord the rights set out in Schedule 1, Part 3 (Exceptions and reservations) for the term of 10 (ten) years commencing on 14 November 2012 and expiring on 13 November 2022 subject to and with the benefit of the Encumbrances the Tenant paying during the Term: (a) the yearly rent of £365,560 364,748.00 (subject to revision under Schedule 2 (Rent reviews)) by equal quarterly payments in advance on the usual quarter days in every year, the first (or a proportionate part) of such payments in respect of the period commencing on the date of this Lease and ending on the following quarter day to be made on the grant of this Lease; and (b) as additional rent: (i) the monies payable by the Tenant under Schedule 3 (Insurance provisions) and Schedule 4 (Service charge provisions) commencing on the grant of this Lease; (ii) Interest payable by the Tenant under the terms of this Lease; and (iii) such value added tax as may be chargeable on the rent and the other additional rents reserved by this Lease.

Appears in 1 contract

Samples: Lease (Learning Tree International Inc)

THE LETTING TERMS. The Landlord in consideration of the rent reserved by, and the covenants in, this Lease at the request of the Guarantor lets to the Tenant all the Premises together with the rights set out in Schedule 1, Part 2 (Rights enjoyed with demise) and except and reserved to the Landlord the rights set out in Schedule 1, Part 3 (Exceptions and reservations) for the term of 10 (ten) years commencing on 14 November 2012 and expiring on 13 November 2022 23 August 2014 subject to and with the benefit of the Encumbrances the Tenant paying during the Term: (a) the yearly rent of £365,560 (subject to revision under Schedule 2 (Rent reviews)) 208,488.00 by equal quarterly payments in advance on the usual quarter days in every year, the first (or a proportionate part) of such payments in respect of the period commencing on the date of this Lease and ending on the following quarter day to be made on the grant of this Lease; and (b) as additional rent: (i) the monies payable by the Tenant under Schedule 3 2 (Insurance provisions) and Schedule 4 3 (Service charge provisions) commencing on the grant of this Lease; (ii) Interest payable by the Tenant under the terms of this Lease; and (iii) such value added tax as may be chargeable on the rent and the other additional rents reserved by this Lease.

Appears in 1 contract

Samples: Lease (Learning Tree International Inc)

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THE LETTING TERMS. The Landlord in consideration of the rent reserved by, and the covenants in, this Lease at the request of the Guarantor lets to the Tenant all the Premises together with the rights set out in Schedule 1, Part 2 (Rights enjoyed with demise) and except and reserved to the Landlord the rights set out in Schedule 1, Part 3 (Exceptions and reservations) for the term of 10 (ten) years commencing on 14 November 2012 and expiring on 13 November 2022 subject to and with the benefit of the Encumbrances the Tenant paying during the Term: (a) the yearly rent of £365,560 468,467 (subject to revision under Schedule 2 (Rent reviews)) by equal quarterly payments in advance on the usual quarter days in every year, the first (or a proportionate part) of such payments in respect of the period commencing on the date of this Lease and ending on the following quarter day to be made on the grant of this Lease; and (b) as additional rent: (i) the monies payable by the Tenant under Schedule 3 (Insurance provisions) and Schedule 4 (Service charge provisions) commencing on the grant of this Lease; (ii) Interest payable by the Tenant under the terms of this Lease; and (iii) such value added tax as may be chargeable on the rent and the other additional rents reserved by this Lease.

Appears in 1 contract

Samples: Lease (Learning Tree International Inc)

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