Examples of Demised Property in a sentence
In the event there is any increase during any year of the term of this Agreement in real property taxes over and above the amount of such taxes assessed for the tax year during which the term of this Agreement commences, whether because of increased rate, valuation or otherwise, Tenant shall pay to Landlord upon presentation of paid tax bills an amount equal to the increase in taxes upon the land and the Real Property, proportioned or designated to upon which the Demised Property is situated.
In the event there is any increase during any year of the Term of this Lease in real property taxes over and above the amount of such taxes assessed for the tax year during which the term of his Lease commences, whether because of increased rate, valuation or otherwise, Tenant shall pay to Landlord upon presentation of paid tax bills an amount equal to the increase in taxes upon the land and Real Property upon which the Demised Property is situated.
With respect to the initial construction of the Improvements on the Demised Property (as such terms are defined in the Ground Lease), MFP agrees to use good faith efforts, through its prime contractors and their subcontractors, to have twenty percent (20%) of its construction labor force comprising of union employees.
Landlord shall in no way be responsible or liable for any failure to relet the Demised Property or any part thereof, or for any failure to collect any rent due for any such reletting.
Landlord shall provide to Tenant, prior to the Effective Date, all phase I and phase II environmental reports and similar environmental site assessment reports and other documentation related to the Environmental Activities conducted by Landlord or its Environmental Representatives, in its possession or reasonable control, regarding the Demised Property.
Tenant, upon paying all Annual Rent, and other monies herein provided for and performing in accordance with the terms, agreements, and provisions of this Lease, shall peaceably and quietly have, hold and enjoy the Demised Property during the Term of this Lease without interruption, disturbance, hindrance or molestation by Landlord or by anyone claiming by, through or under Landlord.
Grantor hereby grants to Grantee, and its agents, employees and contractors, a construction easement over and upon the Easement Area for use as a construction staging area for the development and construction of the Demised Property Improvements on the Demised Property and the Park Improvements on Grantor’s Property.
The Permits, applications, approvals, agreements, or other administrative documents may include, but are not limited to, any Development Requirements and other documents, easement instruments and/or agreements, including, but not limited to, water and sewer agreements, non-standard improvement agreements, estoppels and non-disturbance and attornment agreements, as may be necessary for Tenant to develop and use the Demised Property in accordance with the Plans and Specifications and the Development Concept.
It is understood that a material purpose for the City entering into this Lease is the expectation, agreement and requirement that the Demised Property will include, during the Initial Term, the Soccer Stadium Development that serves as the home for the MLS team operated by MBU, or a successor entity.
If at any time during the Term of this Lease the power of eminent domain shall be exercised by any federal or state sovereign or their proper delegates, by condemnation proceeding (a “Taking”), to acquire the entire Demised Property (a “Total Taking”), such Total Taking shall be deemed to have caused this Lease (and the Option to renew, whether or not exercised) to terminate and expire on the date of such Total Taking.