Common use of Use of Party Walls Clause in Contracts

Use of Party Walls. If the Company purchases any Unimproved part of the Leased Realty pursuant to the provisions hereof or otherwise acquires or leases other real property adjacent to the Leased Realty, all walls presently standing or hereafter erected on or contiguous to the boundary line of the land so purchased, acquired or leased by the Company shall be party walls and each party grants the other a ten foot easement adjacent to any such party wall for the purpose of inspection, maintenance, repair and replacement thereof and the tying-in of new construction. If the Company utilizes any party wall for the purpose of tying in new construction that will be utilized under common control with the Project, Company may also tie in the utility facilities on the Leased Realty for the purpose of serving the new construction and may remove any non-loadbearing wall panels in the party wall; provided, however, that if the property so purchased, acquired or leased by the Company ceases to be operated under common control with the Project, Company covenants that it will install non-loadbearing wall panels similar in quality to those that have been removed and will provide separate utility services for the new construction. [END OF ARTICLE III]

Use of Party Walls. If the Company Lessee purchases any Unimproved unimproved part of or interest in the Leased Realty Premises, pursuant to the provisions hereof of Section 11.04 of this Lease, or otherwise acquires or leases other real property adjacent to the Leased RealtyPremises, the Lessee and the Lessor agree that all walls presently standing or hereafter erected by the Lessor or the Lessee as a part of the Project on or contiguous to the boundary line of the land portion of or interest in the Leased Premises or other real property so purchased, acquired acquired, or leased by the Company shall be party walls walls, and each party grants to the other a ten 10-foot easement adjacent to any such party wall for the purpose of inspection, maintenance, repair repair, and replacement thereof and the tying-in of new construction. If the Company Lessee utilizes any party wall for the purpose of tying in new construction that will be utilized under common control with the Project, Company the Lessee may also tie in into the utility facilities on the Leased Realty Premises for the purpose of serving the new construction and may remove any non-loadbearing wall panels in the party wall; provided, however, that if the property so owned, purchased, acquired acquired, or leased by the Company Lessee ceases to be operated under common control with the Project, Company the Lessee covenants that it will shall install non-loadbearing wall panels similar in quality to those that have been removed and will shall provide separate utility services for the new construction. [END OF ARTICLE III].

Use of Party Walls. If the Company purchases any Unimproved part of the Leased Realty pursuant to the provisions hereof or otherwise acquires or leases other real property adjacent to the Leased Realty, all walls presently standing or hereafter erected on or contiguous to the boundary line of the land so purchased, acquired or leased by the Company shall be party walls and each party grants the other a ten foot easement adjacent to any such party wall for the purpose of inspection, maintenance, repair and replacement thereof and the tying-in of new construction. If the Company utilizes any party wall for the purpose of tying in new construction that will be utilized under common control with the Project, the Company may also tie in the utility facilities on the Leased Realty for the purpose of serving the new construction and may remove any non-loadbearing wall panels in the party wall; provided, however, that if the property so purchased, acquired or leased by the Company ceases to be operated under common control with the Project, the Company covenants that it will install non-loadbearing wall panels similar in quality to those that have been removed and will provide separate utility services for the new construction. [END OF ARTICLE III]