Demise and Term definition
Demise and Term. The City hereby demises and leases to the Tenant the Lease Area for a term commencing November 1, 2024 (the "Commencement Date") until and including October 31, 2025, or such earlier or later date as may be determined in accordance with this Lease (the "Termination Date"), to have and to hold for the Term as the Tenant, and the Tenant does hereby accept the demise and lease of the Lease Area, all subject to the covenants, conditions and agreements herein contained and subject to the following:
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 ▇▇▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇, ▇▇ 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.
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 ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇, 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.
Examples of Demise and Term in a sentence
For greater clarity the provisions of Article 3 of the Existing Lease (Demise and Term) and Section 4.01 (Basic Rent) shall not apply to this Lease and the provisions of paragraph 1, 2, and 4 shall apply in their place and stead.