Granting of Leasehold Clause Samples
The Granting of Leasehold clause formally establishes the landlord's agreement to lease a property to the tenant for a specified term and under defined conditions. This clause typically outlines the property being leased, the duration of the lease, and any initial requirements such as payment of rent or deposits. By clearly setting out the terms under which the leasehold is granted, this clause ensures both parties understand their rights and obligations from the outset, thereby reducing the risk of disputes over the existence or scope of the lease.
Granting of Leasehold. The Issuer by these presents hereby rents, leases and lets unto the Company its leasehold interest in the Project and the Company hereby rents, leases and hires from the Issuer, for the rentals and upon and subject to the terms and conditions hereinafter set forth, the Issuer’s leasehold interest in the Project for the Basic Term.
Granting of Leasehold. Issuer by these presents hereby rents, leases and lets unto Tenant and Tenant hereby rents, leases and hires from Issuer, for the rentals and upon and subject to the terms and conditions hereinafter set forth, the Project for the Basic Term.
Granting of Leasehold. In addition to the lease and demise to Tenant of the land in the Lease Agreement, the Authority hereby leases and demises to Tenant, and Tenant hereby takes and hires from Authority, subject to the provisions and conditions set forth in the Lease Agreement and this Fifteenth Supplemental Lease Agreement, the additional land designated as new Lease Parcel 21 which is located on the Memphis-Shelby County Airport Authority property situated in Memphis, Shelby County, Tennessee, and being more particularly described as follows: PARCEL 21 (E. TCHULAHOMA PARKING LOT) BEING PART OF THE MEMPHIS-SHELBY COUNTY AIRPORT AUTHORITY (M.S.C.A.A.) PROPERTY SITUATED IN MEMPHIS, SHELBY COUNTY, TENNESSEE AND BEING ALL OF REVISED PARCEL 21 AND BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: Commencing at a iron pin in the west line of Tchulahoma Road (106' R.O.W.) at the intersection of said west line with the projected centerline of Runway 27; thence run N 88DEG. 01'00"W with said centerline, 875.48' and N 1DEG. 59'00"E perpendicular to said centerline, 2111.31' to the point of beginning in the east line of said Tchulahoma Road for a northwest corner of an "18.427" acre tract recorded under Instrument No. P7-2839, Shelby County Register's Office (S.C.R.O.) and the southeast corner of this parcel; thence run N 33DEG. 24'36"W with the east line of said Tchulahoma Road, 57.95' to a point of curvature; thence run northwestwardly with said east line and with a curve to the right having a radius of 1379.39', along the arc, (central angle = 35DEG. 05'25", long chord bearing =N 15DEG. 51'53"W, long chord distance = 831.66') an arc distance of 844.80' to the point of tangency; thence run N 1DEG. 40'50"E continuing with said east line, 304.98' to a point for the southwest corner of a "20" acre tract and the northwest corner of this parcel; thence run S 88 16'58"E with the south line of said "20" acre tract, 796.68' to an iron pipe found for a northwest corner of said "18.427" acre tract and the northeast corner of this parcel; thence run S 1DEG. 34'23"W with a west line of said "18.427" acre tract, 1130.45' to an iron pipe found for an interior corner of said "18.427" acre tract and the southeast corner of this parcel; thence run N 89DEG. 55'20"W with a north line of said "18.427" acre tract, 514.98' to the point of beginning containing 19.134 acres or 833,476 square feet, more or less.
Granting of Leasehold. Issuer by these presents hereby rents, leases and lets unto Tenant and Tenant hereby rents, leases and hires from Issuer, for the rentals and upon and subject to the terms and conditions hereinafter set forth, the Project for the Basic Term, subject to the restriction that no existing buildings, nor any new buildings constructed or placed upon the property, either temporarily or permanently, shall be used for housing the operation of any multi-game, casino-style gambling on the premises.
Granting of Leasehold. In addition to the lease and demise to Tenant of the land in the Lease Agreement, the Authority hereby leases and demises to Tenant, and Tenant hereby takes and hires from Authority, subject to the provisions and conditions set forth in the Lease Agreement and this Twenty-Third Supplemental Lease Agreement, the additional land containing approximately 6 acres located on the ▇▇▇▇▇▇ parcel, approximately 19.6 acres located on the 12/02 West Ramp expansion and approximately 44 acres on the A380 Ramp area.
Granting of Leasehold. In addition to the lease and demise to Tenant of the land in the Lease Agreement, the Authority hereby leases and demises to Tenant, and Tenant hereby takes and hires from Authority, subject to the provisions and conditions set forth in the Lease Agreement and this Twentieth Supplemental Lease Agreement, the additional land containing approximately 13.206 acres located east of the centerline intersection of Taxiway November and Taxilane 800 which is located on Memphis-Shelby County Airport Authority property situated in Memphis, Shelby County, Tennessee and being more particularly described in Exhibit A:
Granting of Leasehold. In addition to the lease and demise to Tenant of the land in the Lease Agreement, the Authority hereby leases and demises to Tenant, and Tenant hereby takes and hires from Authority, subject to the provisions and conditions set forth in the Lease Agreement and this Twenty-Seventh Supplemental Lease Agreement, the additional land described in Exhibit “A” attached hereto and containing approximately 187,618 square feet or 4.31 acres, and described in Exhibit “B” attached hereto containing approximately 106,642 square feet or 2.448 acres.
Granting of Leasehold. The City hereby leases to the Company and the Company hereby leases and takes from the City, the Project for the rentals and subject to the conditions set forth in this Lease.
Granting of Leasehold. In addition to the lease and demise to Tenant of the land in the Lease Agreement, the Authority hereby leases and demises to Tenant, and Tenant hereby takes and hires from Authority, subject to the provisions and conditions set forth in the Lease Agreement and this Twenty-Second Supplemental Lease Agreement, the additional land containing approximately 11.46 acres located on two parcels. Lease Parcel 1 called Taxiline 700 Extension contains approximately 132,951 square feet or 3.052 acres located in the vicinity of the centerline intersection of Taxiway November and Taxilane 800; and, Lease Parcel 2 called West Ramp Aircraft/GSE Expansion contains 366,242 square feet or 8.408 acres located in the vicinity of the centerlines of Taxiway Vict▇▇ ▇▇▇ Taxiway Charlie. Lease Parcel 1 and Lease Parcel 2 are located on Authority property in Memphis Shelby County Tennessee and are more particularly described on Exhibit "A" attached hereto and incorporated herein by reference.
Granting of Leasehold. In addition to the lease and demise to Tenant of the land in the Lease Agreement, the Authority hereby leases and demises to Tenant, and Tenant hereby takes and hires from Authority, subject to the provisions and conditions set forth in the Lease Agreement and this Twenty-Fifth Supplemental Lease Agreement, the additional land as follows: • 319,033 square feet or 7.324 acres to use for GSE/ramp equipment storage and other aircraft support functions and for the construction of a GSE repair and ramp support building. • 108,972 square feet or 2.502 acres for the construction of two (2) wide-body aircraft gates.