Xxxxx Complex Ground Lease Term definition

Xxxxx Complex Ground Lease Term has the meaning given such term in ------------------------------- Article XX of the Xxxxx Complex Ground Lease.
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Examples of Xxxxx Complex Ground Lease Term in a sentence

  • The Lessee covenants and agrees that at the end of the Xxxxx Complex Ground Lease Term it will peaceably and quietly yield up and surrender possession of the Xxxxx Complex Site and any property thereon to the Lessor (subject to the provisions of Article XVII hereof.

  • If this Xxxxx Complex Ground Lease shall ------------ not have been earlier terminated, Lessee shall be entitled, at its option upon irrevocable written notice to Lessor given at least twelve months prior to the end of the then-current Xxxxx Complex Ground Lease Term, at the end of the Xxxxx Complex Initial Term and each Xxxxx Complex Renewal Term, to renew this Lease for up to five (5) additional terms of five years each (each, an "Xxxxx Complex Renewal Term").

  • At the expiration of the Xxxxx Complex Ground Lease Term all Easements and Auxiliary Rights granted and conveyed herein shall wholly terminate and revert to the Lessor.

  • It is understood by the parties hereto that the Lessee is constructing the Xxxxx Complex on the Xxxxx Complex Site and the Xxxxx Complex, and all other improvements and structures constructed by Lessee on the Xxxxx Complex Site during the Xxxxx Complex Ground Lease Term, are the property of, and are owned by, the Lessee.

  • At all times during the Xxxxx Complex Ground Lease Term the Lessor, at its expense, shall maintain the Easements and the Auxiliary Facilities in good condition and repair and in accordance with Applicable Laws so that they will be available for the operation of the Xxxxx Complex, including, without limitation, the maintenance of roads, equipment, pumps, and pipelines located on Easements or constituting part of an Auxiliary Facility.

  • During the Xxxxx Complex Ground Lease Term, the ------------ Lessor shall not directly or indirectly create, assume or suffer to exist any Lien by any Person claiming by, through or under the Lessor, on or with respect to the Xxxxx Refinery Property, except Permitted Liens.

  • If an insubstantial portion of the Xxxxx Complex Site is condemned at any time, the Xxxxx Complex Ground Lease Term shall not terminate and net proceeds of the condemnation shall be used first to restore the Xxxxx Complex Site, with the balance divided between the Lessor and the Lessee in proportion to the fair market sales value of their interests in the property condemned.

  • Notwithstanding anything to the contrary in Sections 13.1 or 13.2, the Ancillary Equipment Site Lease Term shall end at such time as the Xxxxx Complex Ground Lease Term shall have ended.

Related to Xxxxx Complex Ground Lease Term

  • Lease Term means the term of this Lease which shall commence on the Commencement Date and continue for the period specified in Section J of the Summary.

  • Ground Lease means a lease creating a leasehold estate in real property where the fee owner as the ground lessor conveys for a term or terms of years its entire interest in the land and buildings and other improvements, if any, comprising the premises demised under such lease to the ground lessee (who may, in certain circumstances, own the building and improvements on the land), subject to the reversionary interest of the ground lessor as fee owner. With respect to any Mortgage Loan where the Mortgage Loan is secured by a Ground Leasehold estate in whole or in part, and the related Mortgage does not also encumber the related lessor’s fee interest in such Mortgaged Property, based upon the terms of the Ground Lease and any estoppel or other agreement received from the ground lessor in favor of Mortgage Loan Seller, its successors and assigns (collectively, the “Ground Lease and Related Documents”), Mortgage Loan Seller represents and warrants that:

  • Expansion Space means any space in the Building which, at any time during the Lease Term, is occupied by a Person other than Landlord under a written lease with Landlord, and the term “Tenant’s Expansion Space” means Expansion Space which Tenant has elected to lease as provided in this paragraph. Landlord agrees to notify Tenant promptly after Landlord learns that any Expansion Space is or will become available. Subject to the prior rights of other tenants to whom Landlord has granted substantially similar rights, Tenant has the option to lease any Expansion Space which Landlord notifies Tenant is or will become available. If Tenant gives Landlord notice of its exercise of this option within thirty (30) days after notification from Landlord of the availability of the Expansion Space and if no Event of Default exists when Tenant’s notice is given, this Lease will be deemed to be amended to include Tenant’s Expansion Space as part of the Premises for the remainder of the Lease Term upon all of the same terms contained in this Lease except that (i) the Rentable Area of the Premises will be amended to include Tenant’s Expansion Space; (ii) Tenant’s Share will be increased to include the rentable area of Tenant’s Expansion Space; (iii) the Term Commencement Date with respect to Tenant’s Expansion Space will be the earlier of sixty (60) days after the date on which Tenant’s Expansion Space becomes vacant and ready for occupancy (provided that date is at least sixty (60) days after Tenant exercises its option to lease the Expansion Space), or the date on which the Expansion Space is first occupied by Tenant; (iv) if Tenant’s Expansion Space contains a rentable area of 10,000 square feet or more, and if there are less than three (3) Lease Years remaining in the Lease Term, the Lease Term will be extended to include three (3) full years from the Term Commencement Date with respect to Tenant’s Expansion Space; and (v) subject to adjustment during each Fixed Rental Period as provided in Exhibit E, Basic Rent for each year of the remaining Lease Term (as it may be extended) will be the greater of (a) the Basic Rent last paid by the Person most recently occupying Tenant’s Expansion Space or (b) Market Rent determined as provided in the Rent Rider attached as Exhibit E. If Tenant exercises this option, Tenant’s Expansion Space will be leased to Tenant in its “as is” condition and Tenant will, at its expense and in compliance with the provisions of Section 7.06, design and construct all Improvements desired by Tenant for its use and occupancy. Landlord and Tenant agree to execute such amendments to this Lease and other instruments as either of them considers necessary or desirable to reflect Tenant’s exercise of this option.

  • domestic premises means any premises used wholly or partly as a dwelling or intended for such use;

  • Customer Premises Equipment or "CPE" means equipment employed on the premises of a Person other than a Carrier to originate, route or terminate Telecommunications (e.g., a telephone, PBX, modem pool, etc.).

  • Storage Space means a space where goods of non-hazardous nature are stored and includes cold storage and banking safe vaults;

  • Subleased Premises means such portions of the Leased Premises being particularly identified on Schedule B, which the parties agree, for the purposes of this Sublease and any square footage calculations pursuant hereto, is approximately 42,244 square feet of office (21,068 square feet on the third floor and 21,176 square feet on the seventh floor) and approximately 9.4312% of common space (building rentable area is 447,917 square feet).

  • Space Lease The space or occupancy lease pursuant to which any Borrower holds a leasehold interest in the related Mortgaged Property, together with any estoppels or other agreements executed and delivered by the lessor in favor of the lender under the related Mortgage Loan(s).

  • Landlord’s Work means the work of constructing the Tenant Improvements.

  • Open space means undeveloped land, a naturally landscaped area, or a formal or man-made landscaped area that provides a connective link or a buffer between other resources.

  • Franchise Area means the area within the jurisdictional boundaries of the City, including any areas annexed by the City during the term of this Franchise.

  • Collocation Space means an area of space located in a building to be used by CLEC to house telecommunications equipment that is necessary for interconnection or access to UNEs. Additionally, roof or wall space used for wireless interconnection shall be included in the definition where applicable.

  • Landlord Work means the work, if any, that Landlord is obligated to perform in the Premises pursuant to a separate agreement (the “Work Letter”), if any, attached to this Lease as Exhibit C.

  • Leasehold Improvements means all leasehold improvements situated in or on the Leased Real Property and owned by Seller.

  • Occupancy Date means the date on which occupancy of all Units in a Project is permitted;

  • Leased space means a self−service storage unit or a space located within a self−service storage facility that a lessee is enti- tled to use for the storage of personal property on a self−service basis pursuant to a rental agreement and that is not rented or pro- vided to the lessee in conjunction with property for residential use by the lessee.