Common use of Demise of the Premises Clause in Contracts

Demise of the Premises. In consideration of the Rent (as hereinafter defined) and the covenants and agreements made herein, Landlord leases to Tenant and Tenant accepts and leases from Landlord the Premises (as hereinafter defined) as outlined on the plan attached hereto as Exhibit A located in the Building (as hereinafter defined), together with the nonexclusive right to use, in common with Landlord and others, the parking areas and the following portions of the Building: the entrance foyer and lobby; the corridors and lavatories on the floor on which the Premises are situated; and the stairways, elevators, shipping and receiving areas (all of the foregoing sometimes collectively referred to as the "Common Areas").

Appears in 2 contracts

Sources: Sublease Agreement (Accord Networks LTD), Sublease Agreement (Accord Networks LTD)