Demised Term definition

Demised Term is hereinafter used in this Lease to refer to the Original Term and the exercised Extension Terms.
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Demised Term means a period of sixty-six (66) years, commencing on the Effective Date, and originally expiring on June 30, 2023, and, as extended by this Agreement, expiring at 11:59 p.m. on June 30, 2064.
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Demised Term and "Fixed Rent" shall be deemed to mean "Sublease Commencement Date", "Sublease Expiration Date", "Subleased Premises", "Subleased Term", and "Subleased Fixed Rent", respectively.
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Examples of Demised Term in a sentence

  • Landlord covenants that if Xxxxxx performs and observes the covenants hereunder to be performed or observed by Xxxxxx, Tenant shall peaceably and quietly have, hold and enjoy the Demised Premises during the Demised Term.

  • Landlord covenants that if Tenant performs and observes the covenants hereunder to be performed or observed by Tenant, Tenant shall peaceably and quietly have, hold and enjoy the Demised Premises during the Demised Term.

  • In the event Tenant remains in possession of the Demised Premises without the permission of Landlord, after the expiration of the Demised Term and without the execution of a new lease, Tenant shall be deemed to be occupying the Demised Premises as a tenant of sufferance and shall immediately vacate the Demised Premises upon written request from Landlord.

  • Landlord shall not in any way be liable or responsible to Tenant for any loss or damage or expense which Tenant may sustain or incur if, during the Demised Term, because of conditions beyond Landlord’s control, the quantity or character of any utility service is changed or is no longer available or suitable for Tenant’s requirements.

  • The phrase "Demised Term" is hereinafter used in this Lease to refer to the Original Term and the Extension Term, if exercised.

  • In any event, Tenant shall not remove any leasehold improvements and shall surrender the Demised Premises at the end of the Demised Term in good condition and repair, ordinary wear and tear and damage by casualty or condemnation excepted.

  • Landlord shall pay all real estate taxes and assessments, if any, due and payable upon the Demised Premises during the Demised Term.

  • Landlord shall not in any way be liable or responsible to Tenant for any loss or damage or expense which Tenant may sustain or incur if, during the Demised Term, because of conditions beyond Landlord's control, the quantity or character of any utility service is changed or is no longer available or suitable for Tenant's requirements.

  • In the event Tenant remains in possession of the Demised Premises with Landlord's written permission after the expiration of the Demised Term and without the execution of a new lease, it shall be deemed to be occupying the Demised Premises as a tenant from month to month upon and subject to all conditions, provisions and obligations of this Lease insofar as the same are applicable to a month to month tenancy.

  • Landlord shall keep the Building and the improvements, equipment and facilities in or benefitting the Building (but not the contents of the Building or any personal property of Tenant) and the improvements, equipment and facilities of Landlord insured during the Demised Term against loss or damage by fire and other casualties as are customarily covered by standard casualty insurance with extended coverage endorsement in amounts and with insurance carriers or companies decided upon by Landlord.


More Definitions of Demised Term

Demised Term. As used herein, the term "Interim Term" shall mean a period which commences on the date Lessor shall acquire the Demised Premises through payment of the purchase price and acceptance of delivery of a deed therefor and continues until, but not including, the first day of the first month thereafter, provided, however, that if such date of acquisition shall be the first day of a month there shall be no Interim Term. As used herein, the term "Initial Term" shall mean period which commences on the first day after the Interim Term or, if there is no Interim Term, on the date hereof and, for purposes of the Three Party Lease Agreement among Lessor, Lessee and Fleet National Bank (the "Bank") of even date herewith, continues until the earlier to occur of (i) the fifteenth anniversary of the date hereof or (ii) the date of the Lessor's payment in full to the Bank of all amounts owing to the Bank under that certain Amended and Restated Loan 11 Agreement dated as of October 27, 1995, as amended by that certain First Amendment to Amended and Restated Loan Agreement dated as of April 4, 1997, and as further amended, restated or supplemented from time to time (the "Loan Agreement") and the promissory notes to which such Loan Agreement relates, except for those obligations of the Lessee and Lessor and provisions of this Lease which by their express terms survive repayment of such amounts, and provided, however, that the obligations and liabilities of Lessee and Lessor under this Lease shall be reinstated with full force and effect if at any time on or after such repayment date all or any portion of the repayment amounts paid to the Bank is voided or rescinded or must otherwise be returned by the Bank to the Lessor upon the Lessor's insolvency, bankruptcy or reorganization or otherwise, all as though such repayment had not been made.
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Demised Term. As defined in Section 1.02.
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Related to Demised Term

  • 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.

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

  • Subleased Premises means such portions of the Leased Premises being particularly identified on Schedule B, which the parties agree, for the purposes of this Sublease and any square footage calculations pursuant hereto, is approximately 42,244 square feet of office (21,068 square feet on the third floor and 21,176 square feet on the seventh floor) and approximately 9.4312% of common space (building rentable area is 447,917 square feet).

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

  • Base Term Beginning (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 August 31, 2024.”

  • Leased space means individual storage space at a self-service storage facility which is rented to an occupant pursuant to a rental agreement.

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

  • 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.

  • School premises means either of the following:

  • 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:

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

  • Renewal Rent for the Aircraft means the rent payable therefor in respect of a Renewal Lease Term determined pursuant to Section 17.2.2 of the Lease.

  • 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.

  • Tenant means a person entitled under a rental agreement to occupy a dwelling unit to the exclusion of others.

  • Base Rent As defined in Section 3.1.

  • Initial Rent means [ ] (£[ ]) STERLING yearly (exclusive of any VAT);

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

  • Premises Building Total Destruction means if the Building of which the Premises are a part is damaged or destroyed to the extent that the cost to repair is fifty percent (50%) or more of the then Replacement Cost of the Building.

  • 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.

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

  • 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.

  • Tenant Work All work installed or furnished to the Premises by Tenant in connection with Tenant’s initial occupancy pursuant to Rider 2 and the Workletter.

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

  • Extended Term shall have the meaning given such term in Section 2.4.