Lease Area definition
Examples of Lease Area in a sentence
Landlord is willing to lease the Lease Area to Tenant, and Tenant is willing to lease the Lease Area from Landlord, to develop, construct, operate and maintain a solar powered electric generation and energy storage facility and any uses necessary or ancillary thereto.
Tenant makes no representations, warranties, commitments or guarantees of any kind as to the likelihood of Tenant successfully developing, financing and/or constructing the Facility on the Lease Area.
If Landlord does not close the sale to the third party within ninety (90) days of the termination of Tenant’s 30-day period, or if the material terms of the offer are amended, ▇▇▇▇▇▇▇▇’s right to sell the Lease Area to the third party shall expire and ▇▇▇▇▇▇’s rights and the procedure described in this subsection (k) shall again apply.
Promptly following the Operations Period expiration, or an earlier termination of this Lease following a Tenant Default, Tenant shall cease the Facility’s commercial operation, shall remove all structures, equipment, security barriers, and transmission lines from the Lease Area, and dispose of all Facility materials in accordance with Applicable Law, all at Tenant’s sole cost and expense.
During the Operations Period, Tenant may use the Lease Area for any of the Permitted Uses.