Assumed Premises definition

Assumed Premises means the Demised Premises on the assumption that:- (a) the Tenant's Works have not been carried out and (for the avoidance of doubt) the Tenant has removed all tenant's fixtures and all improvements and alterations carried out by the Tenant otherwise than pursuant to an obligation to the Landlord (reinstating and making good any damage caused to the Demised Premises in so doing) and has left the Demised Premises (constructed and fitted out as aforesaid) as clear space and (b) the Demised Premises have been constructed and fitted out by the Landlord at its own cost immediately prior to the grant of this Lease and in accordance with the specification and drawings annexed hereto entitled "Rent Review Specification" read on the basis that where reference is made to a minimum standard that is the actual standard provided and in accordance with the specification annexed hereto entitled "Minimum Standard Developer's Finish for Tenant's Work" and as altered from time to time by alterations carried out by and at the expense of the Landlord and improvements and alterations carried out by the Tenant pursuant to an obligation to the Landlord
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Assumed Premises means the Demised Premises on the assumption that:
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Assumed Premises means the Premises together with, if the Seventh Floor Lease has been granted, the Seventh Floor Premises, on the assumptions (if not facts) that:-
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Examples of Assumed Premises in a sentence

  • The foregoing warranty applies to all Hazardous Materials which, if not so disposed of or moved (vi) would be located in or on the Purchased Real Estate or in premises to be assumed by Purchaser under the Assumed Premises Leases or (vii) would be in the possession of the Engineering Division; or for which (viii) the Engineering Division could be held responsible for the care, custody or disposal.

  • Purchaser will incur no liability as a result of environmental conditions associated with any Purchased Real Estate, Assumed Premises Lease, or real property ownership, leasing or use by Sellers prior to the Effective Time.

  • If Tenant exercises such right, then, subject to subparagraph (c) below, with respect to any period of time after from and after the date of installation of such submeters, Assumed Premises Electricity shall be equal to the sum of: (i) the amount of Electricity Rent payable by Tenant pursuant to Section 7.4(D), plus (ii) the cost of electricity measured by such submeters.

  • As of the Execution Date of this Lease, “Electricity Costs” are equal to the total cost of providing electricity to the Building that is permitted to be included in Operating Expenses Allocable to the Premises, less the sum of: (i) the cost of Assumed Premises Electricity, as hereinafter defined, plus (ii) Excluded Electricity Costs, as hereinafter defined.

  • On 7th of September ENTSO-E submitted the “Report assessing the need for development of computational methods and tools for assessment of regional electricity crisis scenarios” to theEuropean Commission and ACER.

  • The Open Market Rent for the Assumed Premises at any Review Date may be agreed in writing at any time between the Landlord and the Tenant but if they have not been so agreed, either party may by notice in writing to the other require the Open Market Rent to be determined by the Review Surveyor.

  • On -------------------------------------------------------- the Closing Date, Seller shall ensure that all of the Business Assets are located at the premises of Seller that will be assumed by Purchaser pursuant to this Agreement (the "Assumed Premises").

  • Sellers shall deliver the Records located at premises which are Assumed Premises Leases - 3 of 49 - 4 at Closing (as defined in Section 6.01) at their then current location and the Records located at Sellers' other offices or premises promptly at such times, from time to time, after Closing and at Purchaser's sole expense, as records in Sellers' possession are reasonably determined by Purchaser to constitute Records as defined in this section.

  • Sellers shall deliver the Records located at premises which are Assumed Premises Leases - 3 of 49 - at Closing (as defined in 6.01) at their then current location and the Records located at Sellers' other offices or premises promptly at such times, from time to time, after Closing and at Purchaser's sole expense, as records in Sellers' possession are reasonably determined by Purchaser to constitute Records as defined in this section.

  • Sellers shall deliver the Records located at premises which are Assumed Premises Leases - 3 of 49 - at Closing (as defined in 6.01) at their then current location and the Records located at Sellers' other offices or premises promptly as such times, from time to time, after Closing and at Purchaser's sole expense, as records in Sellers' possession are reasonably determined by Purchaser to constitute Records as defined in this section.


More Definitions of Assumed Premises

Assumed Premises means the Premises together with, if the Seventh Floor Lease has been granted, the Seventh Floor Premises, on the assumptions (if not facts) that:- (a) the Assumed Premises have been constructed and completed in accordance with the Category A Specification at the Landlord’s expense; (b) the Tenant’s Works have not been carried out (other than any carried out at the Landlord’s expense); and (c) all tenant’s fixtures have been removed and any damage caused by such removal has been made good and the Assumed Premises (constructed and fitted out as aforesaid) comprise clear space.
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Assumed Premises means the Premises on the assumption that: 1.1.1 the Tenant has removed all tenant’s fixtures and all improvements and alterations carried out by the Tenant otherwise than pursuant to an obligation to the Landlord (reinstating and making good any damage caused to the Premises in so doing) and has left the Premises (constructed and fitted out as specified in paragraph 1.1.2) as clear space; and 1.1.2 the Premises have been constructed by the Landlord at its own cost and completed immediately prior to the grant of this Lease in accordance with the Building Specification and as altered from time to time by alterations carried out by and at the expense of the Landlord and improvements and alterations carried out by the Tenant pursuant to an obligation to the Landlord (other than pursuant to a statutory obligation);
Sample 1
Assumed Premises means the Premises on the assumptions (if not facts) that:- 5.1.2.1 the Building has been constructed, fitted-out, equipped and completed in accordance with the drawings and specification annexed hereto entitled "BASE BUILDING DEFINITION" at the Landlord's expense; [NOTE: THIS WILL BE THE AGGREGATE OF THE BASE BUILDING AS-BUILT PLANS AND BASE BUILDING SPECIFICATION (EXCLUDING TRM'S) TOGETHER WITH THE CATEGORY `A' WORKS SPECIFICATION] 5.1.2.2 (to the extent not the same as the works described in the Base Building Definition) the Tenant's Works have not been carried out; 5.1.2.3 all tenant's fixtures have been removed and any damage caused by such removal has been made good and the Premises (constructed and fitted out as aforesaid) comprise clear space; 5.1.2.4 if the Premises or the Building or any part of them or any access to or amenities, services or facilities for them have been destroyed, damaged or otherwise adversely affected, they have been fully rebuilt, reinstated and restored; and 5.1.2.5 the Premises enjoy all necessary rights in relation to the Common Parts to enable their proper use and enjoyment.
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Related to Assumed Premises

  • Subleased Premises means all that portion of the Leased Premises referred to as airport lot as outlined on the site diagram attached as Schedule "A" to this Sublease; and

  • Leased Premises means the Leased Premises as defined in Paragraph 1.

  • Leased Property shall have the meaning given such term in Section 2.1.

  • Demised Premises or “Premises” (and whether or not capitalized) is used herein, it shall be understood to mean the “premises leased hereby”; and whenever the term “Entire Premises” is used herein (and whether or not capitalized), it shall be understood to mean all of the contiguous land and buildings owned by Landlord at this location, which include the premises leased hereby. The term “Non-leased Premises” shall mean the Entire Premises less the Leased Premises.

  • business premises means premises on which a business is conducted, premises rented in whole or in part to others, or held for rental.

  • Storage Space means a space where goods of non-hazardous nature are stored and includes cold storage and banking safe vaults;

  • the Premises means the building or part of the building booked and referred to in the contract

  • School premises means either of the following:

  • Off-premises sign means a sign directing attention to a use, product, commodity or service not related to the premises upon which the sign is located.

  • Licensed premises means all areas associated with the operations of the licensee, including, but not limited to:

  • Project site, where applicable, means the place indicated in bidding documents.

  • Project Site(s) means the place(s) specified in the SCC for the supply and installation of the System.

  • Storage area means any location, facility, or vehicle which is used to store, to transport, or to secure a radiographic exposure device, a storage container, or a sealed source when it is not in use and which is locked or has a physical barrier to prevent accidental exposure, tampering with, or unauthorized removal of the device, container, or source.

  • Leased space means a self−service storage unit or a space located within a self−service storage facility that a lessee is enti- tled to use for the storage of personal property on a self−service basis pursuant to a rental agreement and that is not rented or pro- vided to the lessee in conjunction with property for residential use by the lessee.

  • Premises means the location where the Services are to be supplied, as set out in the Specification.

  • Customer Premises Equipment or "CPE" means equipment employed on the premises of a Person other than a Carrier to originate, route or terminate Telecommunications (e.g., a telephone, PBX, modem pool, etc.).

  • Common Area means all areas and facilities within the Project that are not designated by Landlord for the exclusive use of Tenant or any other lessee or other occupant of the Project, including the parking areas, access and perimeter roads, pedestrian sidewalks, landscaped areas, trash enclosures, recreation areas and the like.

  • Mortgaged Premises means any real property which shall now or hereafter be subject to a Notes Mortgage.

  • Expansion Space means any space in the Building which, at any time during the Lease Term, is occupied by a Person other than Landlord under a written lease with Landlord, and the term “Tenant’s Expansion Space” means Expansion Space which Tenant has elected to lease as provided in this paragraph. Landlord agrees to notify Tenant promptly after Landlord learns that any Expansion Space is or will become available. Subject to the prior rights of other tenants to whom Landlord has granted substantially similar rights, Tenant has the option to lease any Expansion Space which Landlord notifies Tenant is or will become available. If Tenant gives Landlord notice of its exercise of this option within thirty (30) days after notification from Landlord of the availability of the Expansion Space and if no Event of Default exists when Tenant’s notice is given, this Lease will be deemed to be amended to include Tenant’s Expansion Space as part of the Premises for the remainder of the Lease Term upon all of the same terms contained in this Lease except that (i) the Rentable Area of the Premises will be amended to include Tenant’s Expansion Space; (ii) Tenant’s Share will be increased to include the rentable area of Tenant’s Expansion Space; (iii) the Term Commencement Date with respect to Tenant’s Expansion Space will be the earlier of sixty (60) days after the date on which Tenant’s Expansion Space becomes vacant and ready for occupancy (provided that date is at least sixty (60) days after Tenant exercises its option to lease the Expansion Space), or the date on which the Expansion Space is first occupied by Tenant; (iv) if Tenant’s Expansion Space contains a rentable area of 10,000 square feet or more, and if there are less than three (3) Lease Years remaining in the Lease Term, the Lease Term will be extended to include three (3) full years from the Term Commencement Date with respect to Tenant’s Expansion Space; and (v) subject to adjustment during each Fixed Rental Period as provided in Exhibit E, Basic Rent for each year of the remaining Lease Term (as it may be extended) will be the greater of (a) the Basic Rent last paid by the Person most recently occupying Tenant’s Expansion Space or (b) Market Rent determined as provided in the Rent Rider attached as Exhibit E. If Tenant exercises this option, Tenant’s Expansion Space will be leased to Tenant in its “as is” condition and Tenant will, at its expense and in compliance with the provisions of Section 7.06, design and construct all Improvements desired by Tenant for its use and occupancy. Landlord and Tenant agree to execute such amendments to this Lease and other instruments as either of them considers necessary or desirable to reflect Tenant’s exercise of this option.

  • University premises means buildings or grounds owned, leased, operated, controlled, or supervised by Wayne State University or Wayne Housing Authority.

  • Tenant’s Property means Removable Installations and, other than Installations, any personal property or equipment of Tenant that may be removed without material damage to the Premises, and (z) “Installations” means all property of any kind paid for by Landlord, all Alterations, all fixtures, and all partitions, hardware, built-in machinery, built-in casework and cabinets and other similar additions, equipment, property and improvements built into the Premises so as to become an integral part of the Premises, including, without limitation, fume hoods which penetrate the roof or plenum area, built-in cold rooms, built-in warm rooms, walk-in cold rooms, walk-in warm rooms, deionized water systems, glass washing equipment, autoclaves, chillers, built-in plumbing, electrical and mechanical equipment and systems, and any power generator and transfer switch.

  • Leasehold Improvements means all buildings, structures, improvements and fixtures located on any Leased Real Property which are owned by any Group Company, regardless of whether title to such buildings, structures, improvements or fixtures are subject to reversion to the landlord or other third party upon the expiration or termination of the Lease for such Leased Real Property.

  • the Property means the Property more particularly described in Condition 2 of the Conditions of Sale (as defined in 1.6 below);

  • Plant Site (Works, Factory) means the local integration of one or more plants, with any intermediate administrative levels, which are under one operational control, and includes common infrastructure, such as:

  • Rentable Area of the Premises The amount of square footage set forth in Section 1.01(10).

  • Customer’s Premises means the land and buildings owned or occupied by a Customer, and any land over which the Customer has an easement or right to pass electricity, including: