Leased Site definition
Examples of Leased Site in a sentence
Furthermore, Tenant acknowledges that the Leased Site and the Property are owned by Landlord as a real estate investment and failure by Tenant to give timely notice of a termination as provided for in this Section, regardless of whether the result of accident, surprise, neglect or mistake, shall not in any way entitle Tenant to give the termination notice after the specified time period.
Notwithstanding the foregoing, Lessee will not be required to pay any Taxes payable with respect to a Leased Site or Other Interest Site, if the applicable Ground Lease provides that the Ground Lessor is responsible for such Taxes without pass-through to the applicable ground lessee and the Ground Lessor actually pays any such Taxes.
As to any Leased Site or Other Interest Site, as applicable, neither Lessor nor any other Sprint Group Member will be deemed to have assumed any duty or obligation of the Ground Lessor under the applicable Ground Lease and will not be liable or responsible in any manner whatsoever for any failure of such Ground Lessor to perform any such duty or obligation.
If Lessor or Lessee is not able to renew or extend any Ground Lease in accordance with Section 4(c) and this Section 4(d), then the Parties will permit such Ground Lease to expire on the applicable expiration date, in which event this Agreement will have no further force and effect as to the Leased Site or Other Interest Site, as applicable, to which such Ground Lease applies except for such obligations accruing prior to or as of such expiration date that are then unperformed.
The Budget for the period commencing on the Effective Date and ending on December 31, 2016 (the “Initial Budget”), attached hereto as Schedule 4, is based upon the Provider’s existing budget applicable to the operation and maintenance of the Leased Site, Sugarloaf Substation and the assets located thereon.