THE TENANT COVENANTS Sample Clauses
THE TENANT COVENANTS. FIRST: -- That the Tenant will pay the rent and additional rent as above and hereinafter provided. SECOND: -- That, throughout said term, the Tenant will take good care of the demised premises and all parts thereof, including all items of personalty fixtures and appurtenances and any alterations, additions and improvements made thereto: will make all repairs, at its sole cost and expense, in and about the same as may be necessary to preserve them in good order and condition, which repairs shall be, in quality and class, equal to the original work and materials and promptly pay the cost and expense of such repairs. All damage or injury to the demised premises and to its fixtures, appurtenances and equipment or to the building of which the same form a part or to its fixtures, appurtenances and equipment caused by Tenant moving property in or out of the building or by installation or removal of furniture, fixtures or other property, or resulting from fire, explosion, air-conditioning unit or system, short circuits, flow or leakage of water, steam, illuminating gas, sewer gas, sewerage or odors or by frost or by bursting or leaking of pipes or plumbing works or gas,
THE TENANT COVENANTS. 10.1.1 not to share the occupation or use of, charge, hold on trust for another, part with possession, sub-let, assign or otherwise alienate the Property or any part thereof except as may be permitted below
10.1.2 not to assign or sublet part of the Property nor charge the whole or part of the Property
10.1.3 not to assign the whole of the Property nor sub-let the whole of the Property without the prior written consent of the Landlord such consent not to be unreasonably withheld
10.1.4 not to share the occupation or use of the Property except with a company within the same group as defined by section 42 of the Landlord and Tenant ▇▇▇ ▇▇▇▇ (a “Group Company”) provided such company obtains no separate legal estate or interest in the Property
10.1.5 to procure that any permitted sublease is granted: -
10.1.5.1 without any fine or premium
10.1.5.2 at a rent equal to the open market rent of the Property (approved by the Landlord prior to any such sublease) or the contractual rent then being paid under this Lease whichever shall be the greater
10.1.5.3 in a form approved by the Landlord (such approval not to be unreasonably withheld) prior to any such sublease
10.1.5.4 subject to a valid agreement between the Tenant and the under tenant that the provisions of sections 24 to 28 of the Landlord and ▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇ are excluded from applying to the tenancy created by such sublease
10.1.6 to enforce the performance and observance of any such sublease and not either expressly or by implication to waive any breach of the covenants or conditions on the part of any sublessee nor (without the Landlord’s written consent which shall not to be unreasonably withheld) to vary the terms of or accept a surrender of any such sublease
10.1.7 within 28 days after the Property is assigned or sub-let to notify the Landlord’s solicitors in writing and to supply a copy of the relevant instrument of disposition and to pay the Landlord’s solicitor’s reasonable fee for registering the same
THE TENANT COVENANTS. The Tenant covenants with the Landlord:
THE TENANT COVENANTS and agrees to pay to the Landlord the Basic Rent specified in sub-clause 2.
1.1 (a), (b) and (c) and to perform the other obligations specified in this Article 2:
(a) For the thirteen (13) month period commencing on the Commencement Date and ending on June 30, 2019, Basic Rent of TEN THOUSAND, FIVE HUNDRED DOLLARS ($10,500.00) per month (calculated based on NINE HUNDRED FIFTY NINE DOLLARS AND SEVENTY-EIGHT CENTS ($959.78) per acre of the Lands per month), payable on or before the Commencement Date and on the first day of each of the following months in such period.
(b) For the twelve (12) month period commencing on July 1, 2019, Basic Rent of ONE THOUSAND THREE HUNDRED NINETY-FIVE DOLLARS ($1,395.00) per month (calculated based on ONE HUNDRED TWENTY-SEVEN DOLLARS AND FIFTY-ONE CENTS ($127.51) per acre of the Lands per month) payable on or before July 1, 2019 and on the first day of each of the following months in such period.
(c) For each subsequent twelve (12) month period, Basic Rent equal to the monthly Basic Rent payable in the immediately preceding twelve (12) month period plus the CPI Adjustment, payable on the first day of each month in such period.