Common use of Demising Clauses Clause in Contracts

Demising Clauses. For and during the Term hereof, the Board hereby demises and leases to the Lessee, subject to Permitted Encumbrances, and the Lessee hereby rents from the Board, subject to Permitted Encumbrances, the following described properties and related rights: The real property identified on Exhibit "A", which is attached hereto and made a part hereof as though fully set out herein. Also, any and all other buildings, structures and other improvements constituting real property now or hereafter situated on the Project Site, all permits, easements, licenses, rights of way, contracts, leases, privileges, immunities and hereditaments pertaining or applicable to the Project Site and all fixtures now or hereafter owned by the Board and installed on the Project Site or in the Building or in any of such other buildings, structures and improvements now or hereafter located on the Project Site, it being the intention hereof that all property, rights and privileges hereafter acquired for use as a part of or in connection with or as an improvement to the Project Site shall be as fully covered hereby as if such property, rights and privileges were now owned by the Board and were specifically described herein.

Demising Clauses. For and during the Term hereofLease Term, the Board Issuer hereby demises and leases to the Lessee, subject to Permitted Encumbrances, and the Lessee hereby rents from the BoardIssuer, subject to Permitted Encumbrances, the following described properties and related rights: The real property identified on Exhibit "A", which is attached hereto and made a part hereof as though fully set out herein. Also, any the Building and all other buildings, structures and other improvements constituting real property now or hereafter situated on the Project Site, all permits, easements, licenses, rights of rights-of-way, contracts, leases, privileges, immunities and hereditaments pertaining or applicable to the Project Site and all fixtures now or hereafter owned by the Board Issuer and installed on the Project Site or in the Building or in any of such other buildings, structures and improvements now or hereafter located on the Project Site, it being the intention hereof that all property, rights and privileges hereafter acquired for use as a part of or in connection with or as an improvement to the Project Site shall be as fully covered hereby as if such property, rights and privileges were now owned by the Board Issuer and were specifically described herein. Also, all items (whether or not fixtures) of machinery, equipment and other tangible personal property that at any time, under the provisions of the Lease, constitute the Project Equipment, including, without limitation, the Project Equipment generally described in Exhibit B attached hereto and made a part hereof and as the same may hereafter be supplemented and amended, excluding, however, any equipment or other personal property that, under the provisions of this Lease, is, or is to become (prior to the termination of the Lease), the sole property of the Lessee or third parties.