Common use of Use and Condition of the Premises Clause in Contracts

Use and Condition of the Premises. (a) The Premises shall be used by Licensee only for the maintenance, operation and removal of the Facilities and for no other purpose without the prior written consent of Railroad, which consent may be withheld by Railroad in its sole discretion. Licensee accepts the Premises in their current "as is" condition, as suited for the installation and operation of the Facilities, and without the benefit of any improvements to be constructed by Railroad. (b) Commencing on the date of this agreement (the "Fee Commencement Date") and thereafter on each anniversary thereof during the term of this Agreement, Licensee shall pay to Railroad, without offset, abatement or demand, an annual license fee of FOUR HUNDRED EIGHT-FIVE AND NO/100 DOLLARS ($485.00) (hereinafter called the "Fee").

Use and Condition of the Premises. (a) The Premises shall be used by Licensee only for the maintenance, operation and removal of the Facilities and for no other purpose without the prior written consent of Railroad, which consent may be withheld by Railroad in its sole discretion. Licensee accepts the Premises in their current "as is" condition, as suited for the installation and operation of the Facilities, and without the benefit of any improvements to be constructed by Railroad. (b) Commencing on the date of this agreement (the "Fee Commencement Date") and thereafter on each anniversary thereof during the term of this Agreement, Licensee shall pay to Railroad, without offset, abatement or demand, an annual license fee of FOUR HUNDRED EIGHT-FIVE TWELVE THOUSAND AND NO/100 DOLLARS ($485.0012,000.00) (hereinafter called the "Fee").