DEMISE AND TERM definition

DEMISE AND TERM. LESSOR, hereby leases to TENANT for the term of 3 years commencing on the 1st day of March, 1993 and ending on the 28th day of February, 1996, (the "TERM") the following described premises in its present condition: Office building located at 000 Xxxxx Xxxxxx, North Strabane Twp., Washington County, Pennsylvania (the "PREMISES"). TENANT also has a nonexclusive license for the benefit of TENANT, its employees, agents and invitees for access to and from the leased premises through the building and over property of LESSOR appurtenant thereto, and to use those parts of the building designated by LESSOR for use by TENANTS including but not limited to toilet rooms, elevators and unrestricted parking areas, if any.
Sample 1
DEMISE AND TERM. Conditions of Sublease: Parking. Sublessor hereby leases to Sublessee, and Sublessee hereby hires from Sublessor, that certain real property, consisting of approximately 23,575 square feet of space, and containing the entire second floor, in the premises located it 6815 Xxxxxxxx Xxxxx, Xxx Xxxxx, Xxxxxxxxxx, xx more particularly described in Exhibit A annexed hereto and made a part hereof (the "Subleased Premises"), together with all appurtenances, rights, privileges and easements pertaining to the Subleased Premises and any and all existing fixtures and improvements contained therein as of the date of this Agreement. The Subleased Premises are a portion of the premises leased to Sublessor under the Main Lease (as defined in Section 2, herein) The term of this Sublease shall, commence on the later of (i) the day which is thirty (30) days after the Agreed Approvals, as defined below, are obtained, or (ii) May 1, 1998, (the "Commencement Date") and shall end on June 19, 2003. If, the Commencement Date is delayed for more than thirty (30) days after May 1, 1998, due to: 1) Lessor's' failure to consent to this Lease Agreement or 2) Sublessor's actions, Sublessee may, at its option, by notice in writing to Sublessor, cancel this Sublease, in which event the parties shall be discharged from all obligations hereunder, except that Sublessor shall refund all prepaid Rent and the entire Security Deposit received by Sublessor. As part of Lessor's consent to this Sublease, which Sublessor shall act diligently to obtain from Lessor by written request made to Lessor no later than seven (7) days after the mutual execution of this Agreement.
Sample 1

Examples of DEMISE AND TERM in a sentence

  • DEMISE AND TERM OF DEMISE 1.1 Landlord demises and leases unto Tenant, and Tenant hires and takes from Landlord, in consideration of the rents to be paid and the covenants, agreements and conditions to be performed, observed and fulfilled by Tenant, the Premises (hereinafter defined), including the building (consisting of approximately 40,000 square feet) (the "Building") and land located at 735 Airport Road, Lakewood, New Jersey.

  • DEMISE AND TERM, AS IS BASIS The term of this Lease shall be ________ year(s), commencing on the __________ day of _______________, 20____, and ending on the _________ day of _____________, 20____.

Related to DEMISE AND TERM

  • Term of Agreement shall have the meaning ascribed thereto in Article 2 of this Agreement;

  • Bond Terms means these terms and conditions, including all Attachments which shall form an integrated part of these Bond Terms, in each case as amended and/or supplemented from time to time.

  • Original Lease shall have the meaning given such term in the recitals to this Agreement.

  • Lease Term means the term of this Lease which shall commence on the Commencement Date and continue for the period specified in Section J of the Summary.

  • Rentable Area of Premises on Page 1 of the Lease shall be deleted in their entirety and replaced with the following:

  • Base Term Commencing (i) with respect to the Original Premises on the Commencement Date, and (ii) with respect to the Expansion Premises on the Expansion Premises Commencement Date, and ending with respect to the entire Premises on September 15, 2016 (“Expiration Date”).”

  • Master Lease This Schedule is issued pursuant to the Lease identified on page 1 of this Schedule. All of the terms and conditions of the Lease are incorporated in and made a part of this Schedule as if they were expressly set forth in this Schedule. The parties hereby reaffirm all of the terms and conditions of the Lease (including, without limitation, the representations and warranties set forth in Section 8) except as modified herein by this Schedule. This Schedule may not be amended or rescinded except by a writing signed by both parties. CHEMDEX CORPORATION COMDISCO, INC. AS LESSEE AS LESSOR By: /s/ Xxxxx X. Xxxxx By: /s/ Xxxx X. Xxxxxx ------------------- --------------------- Title: CEO Title: SR VP ----------------- ------------------- Date: Date: ----------------- ------------------- EXHIBIT 1 SUMMARY EQUIPMENT SCHEDULE -------------------------- This Summary Equipment Schedule dated XXXX is executed pursuant to Equipment Schedule No. X to the Master Lease Agreement dated XXXX between Comdisco, Inc. ("Lessor") and XXXX ("Lessee"). All of the terms, conditions, representations and warranties of the Master Lease Agreement and Equipment Schedule No. X are incorporated herein and made a part hereof, and this Summary Equipment Schedule constitutes a Schedule for the Equipment on the attached invoices.

  • New Building ’ means a new construction to house a complete motor vehicle as- sembly process, where that construction includes the pouring or construction of a new foundation and floor, the erection of a new frame and roof, and the instal- lation of new plumbing and electrical and other utilities;

  • this Tenant Work Letter means the relevant portion of Sections 1 through 6 of this Tenant Work Letter.

  • residential premises means a house, building, structure, shelter, or mobile home, or portion thereof, used as a dwelling, home, residence, or living place by 1 or more human beings. “Residential premises” includes an apartment unit, a boardinghouse, a rooming house, a mobile home, a mobile home space, and a single or multiple family dwelling, but does not include a hotel, a motel, motor home, or other tourist accommodation, when used as a temporary accommodation for guests or tourists, or premises used as the principal place of residence of the owner and rented occasionally during temporary absences including vacation or sabbatical leave.

  • 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

  • Authority’s Premises means any premises occupied by or under the control of the Authority where the Services are to be supplied, as set out in the Specification.

  • Term of the Agreement shall have the same meaning as provided for in Article 7 of this Agreement.

  • Sublease means a lease of goods the right to possession and use of which was acquired by the lessor as a lessee under an existing lease.

  • Period of Agreement means 5 years from the date of Final acceptance of the Project.

  • Option to Renew is defined in subsection 6.1 of this Agreement.

  • the Lease means the lease of the said land to be granted by the Lessor to the Lessee pursuant to clause 2.1;

  • Sublease Agreement means that certain Sublease Agreement, dated as of May 1, 2021 by and between the Company and the Agency.

  • Premises Building Partial Damage means if the Building of which the Premises are a part is damaged or destroyed to the extent that the cost to repair is less than fifty percent (50%) of the then Replacement Cost of the building.

  • 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.

  • this Lease means the relevant portion of Articles 1 through 29 of this Office Lease to which this Tenant Work Letter is attached as EXHIBIT B and of which this Tenant Work Letter forms a part, and all references in this Tenant Work Letter to sections of "this Tenant Work Letter" shall mean the relevant portion of Sections 1 through 7 of this Tenant Work Letter.

  • Work space means that portion of the court’s facilities dedicated to each court reporter, including but not limited to actual space in the courtroom and any designated office space.

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

  • Landlord Agreement means an agreement substantially in the form provided by Lender to Borrower or such other form as Lender may agree to accept.

  • Lease Agreement means the bargain, with respect to the lease, of the lessor and the lessee in fact as found in their language or by implication from other circumstances including course of dealing or usage of trade or course of performance as provided in this article. Unless the context clearly indicates otherwise, the term includes a sublease agreement.

  • The Building means any building of which the Property forms part.