Occupational Leases definition
Examples of Occupational Leases in a sentence
As soon as reasonably practicable following receipt and in any event within ten (10) Business Days, the Seller shall procure payment of any refund of premium received by the Seller to the tenants of the Occupational Leases in proportion to the contribution to the premium which the tenant of the Occupational Leases has paid in advance to the Company.
A Target Company or a Business Vendor is in possession of the whole of each of the Material and Minor Properties, none of which is vacant, and no other person is in (or actually or conditionally entitled to) possession, occupation, use or control of any of the Material and Minor Properties save as may be set out in paragraph (e) "Occupational Leases" of Part A of Schedule 13 (if any) and save as may be set out in the relevant columns of the tables at Parts A1 and A2 of Schedule 13 (if any).
OCCUPATIONAL TENANT: a tenant under one of the Occupational Leases and OCCUPATIONAL TENANTS means each Occupational Tenant under the Occupational Leases.
The Buyer will give written notice of this deed to the tenants under the Occupational Lease[s] within [five (5)] working days after the date of this deed.
Apportionment of rent due under the Occupational Leases In this clause the following definitions apply: Occupational Lease Rent: the annual rent reserved by each of the Occupational Leases.