Existing Leased Premises definition
Examples of Existing Leased Premises in a sentence
The extension shall be for one (1) additional period of thirty six (36) months (herein, the “Mersana Extension Period”) at the then current Market Rent applied to the Existing Leased Premises, the 5th Floor Expansion Space (and any ROFO Space then being leased by it).
The Existing Leased Premises is hereby expanded by adding approximately 114 acres in Hood County, Texas (the “Second Expansion Leased Premises”) as shown in Exhibit “C” attached hereto.
The Existing Leased Premises is hereby expanded by adding approximately 150 acres in Hood County, Texas (the “Expansion Leased Premises”) as shown in Exhibit “B” attached hereto.
Lessor hereby approves and consents to the construction of certain capital improvements to the Existing Leased Premises (the “Capital Improvements), including, but not limited to, the following: (i) the construction of a new wet sand processing plant, and a new dry sand processing plant, and related improvements (together, the “Plant Improvements”); and (ii) the construction of certain rail loading and storage facilities (the “Loading Improvements”).
Lessor and Lessee acknowledge and agree that, notwithstanding anything herein or in the Lease to the contrary, the Capital Improvements shall (i) remain the property of Lessee, (ii) shall not be permanently attached to the Exiting Leased Premises, and (iii) may be removed from the Existing Leased Premises by Lessee at any time in the normal operation of Lessee’s business, including, but not limited to, upon the Termination of the Lease.
This Lease Extension is to be considered a valid and binding obligation of the parties effective as of the date of execution of this Eighth Lease Amendment by the parties, with the provisions of the Existing Lease (that are not superseded hereby) to continue to govern the Lessee’s use and occupancy of the Existing Leased Premises through its Existing Term (as it may be extended).
Tenant shall completely vacate and redeliver the Existing Leased Premises to Landlord in compliance with the provisions of Section 11.03 on or before the third (3rd) day following the SS Commencement Date (the "ELP Vacation Date").
The Cumulative TI Allowance can be dedicated and applied by Lessee to Lessee’s Work, and other work Lessee chooses to perform in the Existing Leased Premises (the “Existing Premises Work”) as well.
Lessor and Tenant desire to amend the Lease, as it relates to the Existing Leased Premises, on the terms described in this Amendment.
Landlord and Tenant have agreed to further amend the Lease to expand the Existing Leased Premises demised to Tenant thereunder to include the Additional Space, after which expansion, Tenant will lease approximately 43,850 net rentable square feet of the South Building.