Possession Period definition
Examples of Possession Period in a sentence
It is understood by the Allottee that even if the Allottee fails to take possession of the Apartment within the Possession Period, the Allottee shall be deemed to have taken possession on the 61st day from the date of Possession Notice which date, for all purposes and irrespective of the actual date when the Allottee takes physical possession of the Apartment, will be deemed to be the Possession Date.
It is understood by the Allottee that even if the Allottee fails to take possession of the Bungalow within the Possession Period, the Allottee shall be deemed to have taken possession on the 61st day from the date of Possession Notice which date, for all purposes and irrespective of the actual date when the Allottee takes physical possession of the Bungalow, will be deemed to be the Possession Date.
The provisions of this Lease will survive its termination, and any return or sale of Equipment, and remain in full force and effect with respect to events or conditions occurring or existing during (or fairly attributable to) the Term or Possession Period.
It is understood by the Allottee/Transferee that even if the Allottee/Transferee fails to take possession of the Bungalow within the Possession Period, the Allottee/Transferee shall be deemed to have taken possession on the 61stday from the date of Possession Notice which date, for all purposes and irrespective of the actual date when the Allottee/Transferee takes physical possession of the Bungalow, will be deemed to be the Possession Date.
Taxes include all license and registration fees, environmental fees, and all sales, use, personal property, and other taxes and governmental charges, together with any penalties, fines and interest thereon (except to the extent resulting from Lessor’s negligence or willful misconduct), that may be imposed during the Term or Possession Period (as defined in Section 10) or after the Term or Possession Period and relating to events or conditions occurring or existing during the Term or Possession Period.
The obligation to pay Base Rent and Tenant's Share of Operating Expenses shall be abated for the Early Possession Period.
It is understood by the Allottee that even if the Allottee fails to take possession of the Plot within the Possession Period, the Allottee shall be deemed to have taken possession on the 61st day from the date of Possession Notice which date, for all purposes and irrespective of the actual date when the Allottee takes physical possession of the Plot, will be deemed to be the Possession Date.
Lessee will at its expense during the Possession Period maintain: (a) insurance against the loss, theft, or damage to the Equipment for its full replacement value, naming Lessor as loss payee; and (b) public liability and third party property damage insurance in the amount of $1,000,000 or such other amount as may be requested by Lessor, naming Lessor as an additional insured.
During the Early Possession Period, Tenant shall not be charged Base Monthly Rent, parking charges for stalls located in the Parking Garage or in surface parking lots on the Property, or operating expense charges.
Tenant's responsibility shall include all releases or discharges of Hazardous Substances (a) occurring during the Term, without regard to actual occupancy by Tenant, and during any other period Tenant is in occupancy of all or any part of the Premises (the "Possession Period") and also (b) occurring or continuing to occur after the Possession Period by virtue of events first occurring during the Possession Period for which Tenant is responsible under this Section.