Examples of Leased Land in a sentence
The PILOT Payments payable hereunder shall only apply to the Leased Land, the Buildings and the renovations and rehabilitation of the Buildings in connection with the Project.
Lessee shall have the right to construct buildings and other improvements on the Leased Land from time to time and to make additions to and alterations of any such buildings and improvements and any existing buildings and improvements.
From time to time during the Term, Lessee shall have the right, at Lessee's expense, to cause Lessor (i) to grant easements affecting the Leased Land, (ii) to dedicate or convey, as required, portions of the Leased Land for road, highway and utilities and other public purposes, and (iii) to execute petitions to have the Leased Land or portions thereof annexed to any municipality or included within any utility, highway or other improvement or service district.
Lessee covenants and agrees at its expense to cause the acquisition of the Leased Land and the rehabilitation of each of the existing 256 apartment units and improvements located on the Leased Land (the "Buildings").
It is understood and agreed that the Buildings, together with all other improvements or fixtures from time to time placed on the Leased Land, shall become the property of Lessor and part of the Leased Property, subject to the purchase option set forth in Article XIV.