Warehouse Premises definition
Examples of Warehouse Premises in a sentence
Tenant shall do all things necessary to prevent the filing of any mechanic's or other liens against the Demised Premises or the Warehouse Premises, or the interest of any mortgagees or holders of any deed of trust covering the Demised Premises or the Warehouse Premises, by reason of any work, labor, services performed or any materials supplied or claimed to have been performed or supplied to Tenant, or anyone holding the Demised Premises, or any part thereof, through or under Tenant.
In the event that the entire Warehouse Premises or any part thereof or the land on which it is located or any part thereof should at any time be condemned or otherwise taken by public authority, the entire award or damages shall be paid to Landlord and Tenant as their interests may appear, and Landlord may, at its option, terminate this Sub-Lease without liability to Tenant for damage to the unexpired term of the leasehold.
If the aforesaid Warehouse Premises or any part thereof shall be destroyed or damaged by fire due to or caused by Tenant's fault or negligence as to render the Demised Premises totally unfit for use by Tenant for the intended purpose of this Sub-Lease, the Sub-Lease shall not terminate, but Landlord shall have the option of rebuilding the Warehouse Premises and of providing the same amount in kind and space herein leased in the Warehouse Premises as rebuilt.
The Area of Building, Area of Warehouse, Area of Total Premises, Area of Office Premises and Area of Warehouse Premises are as set forth in the Basic Lease Information, but may be adjusted from time to time by Landlord to reflect any changes as may be reasonably required or result from any updated surveys, plans or drawings or as otherwise set forth herein.
Tenant shall fully comply with and obey all laws, ordinances, reasonable rules, regulations and requirements of all regularly constituted authorities, and such reasonable rules and regulations of Landlord as posted in said Warehouse Premises by Landlord, in any way affecting Tenant's occupancy, said Warehouse Premises, or the use thereof, or this Sub-Lease, so long as such do not materially adversely effect this Sub-Lease.
In the event of the exercise of this option, Landlord shall promptly undertake the reconstruction of said Warehouse Premises, but there shall be no apportionment or abatement of any rent due under this Sub-Lease.
Buyer may underwrite such Purchased Assets or Underlying Assets itself or engage a mutually acceptable third-party underwriter to do so.
If, during said term, or any extensions thereof, the aforesaid Warehouse Premises, or any part thereof, shall be destroyed or so damaged by fire, the elements or other causes (other than Tenant's negligence) as to render the Demised Premises totally unfit for use by Tenant for the intended purpose of this Sub-Lease, Tenant shall have the option to terminate this Sub-Lease.
The approximate boundaries and location of the Demised Premises are outlined on the floor plan of the Warehouse Premises, which is marked as Exhibit "A".
Landlord leases the Warehouse Premises from K-F Real Estate Co. Landlord covenants that upon Tenant paying the rental and performing and observing all other obligations under the Sub-Lease, Tenant may peaceably and quietly have, hold and enjoy the Demised Premises for the term of the Sub-Lease, subject and subordinate to all provisions of the Sub-Lease.