Lease of the Leased Property Sample Clauses
The "Lease of the Leased Property" clause establishes the landlord's agreement to grant the tenant the right to occupy and use a specified property for a defined period, subject to agreed terms. This clause typically outlines the address or description of the property, the duration of the lease, and any conditions or limitations on use. By clearly defining the scope and terms of the leasehold interest, this clause ensures both parties understand their rights and obligations regarding the property, thereby preventing disputes over possession or permitted activities.
Lease of the Leased Property. The Trustee demises and leases the Leased Property to the City and the City leases the Leased Property from the Trustee, in accordance with the provisions of this Lease, subject only to Permitted Encumbrances, to have and to hold for the Lease Term. The City and the Trustee acknowledge that the City owns the Leased Property and the City has leased the Leased Property to the Trustee pursuant to the Site Lease; and the City and the Trustee intend that there be no merger of the City’s interests as sublessee under this Lease and the City’s ownership interest in the Leased Property so as to cause the cancellation of the Site Lease or this Lease, or an impairment of the leasehold and subleasehold interest intended to be created by the Site Lease and this Lease.
Lease of the Leased Property. The Corporation hereby leases to the City, and the City hereby rents and hires from the Corporation, the Leased Property on the conditions and terms hereinafter set forth. The City hereby agrees and covenants that during the term hereof, except as hereinafter provided, it will use the Leased Property for public purposes so as to afford the public the benefits contemplated hereby and so as to permit the Corporation to carry out its agreements and covenants contained herein and in the Trust Agreement, and the City hereby further agrees and covenants that during the term hereof that it will not abandon or vacate the Leased Property.
Lease of the Leased Property. The City hereby leases to the Authority and the Authority hereby rents from the City, on the terms and conditions hereinafter set forth, the Leased Property including, but not limited to, the right, upon the occurrence of an Event of Default under the Lease, to receive rent and other income derived from the Existing Leases. The Authority hereby acknowledges existing encumbrances on the Leased Property, including, but not limited to, the Existing Leases and restrictions relating to the grant of the Mission Bay Sites to the City by the State in trust for the uses and purposes and upon the express conditions as provided in an act of legislative approved April 27, 1945 Statutes of California Chapter 143 and the rights therein reserved to the people of the State.
Lease of the Leased Property. The Corporation hereby leases to the County, and the County hereby rents and hires from the Corporation, the Leased Property on the conditions and terms hereinafter set forth. The County hereby agrees and covenants that during the term hereof, except as hereinafter provided, it will use the Leased Property for public purposes so as to afford the public the benefits contemplated hereby, and so as to permit the Corporation to carry out its agreements and covenants contained herein, in the Loan Agreement and in the Indenture, and the County hereby further agrees and covenants that during the term hereof that it will not abandon the Leased Property.
Lease of the Leased Property. 1Lease In accordance with the laws and regulations of China and Dongguan Municipality, Lessor agrees to lease to Lessee the Leased Property. Lessee agrees to pay the Rent and other charges payable under this Contract in accordance with the terms hereof.
Lease of the Leased Property. The Lessor, by means of the agreement herein, leases to the Lessee and the Lessee leases from the Lessor the Leased Property, together with all its easements and rights of way belonging to it.
Lease of the Leased Property. From and after April 1st, 2024 (“Lease Commencement Date”) The Landlord gives to the Tenant and the Tenant irrevocably accepts the Leased Property on the terms and subject to the conditions contained in this Agreement. On said date the Tenant shall take legal and material possession of the Leased Property and the Parties shall execute the Final Delivery-Reception Minutes in substantially the form of Exhibit “5” hereto. The Leased Property is comprised of a leasable area of 318,102 square feet (equivalent to 29,552.64 square meters) of the Building UPTIJ-02, also identified as “Interior 2”, which is part of the UPSITE Park Tijuana I, located at Camino Vecinal El Realito #12801, Interior 2, Colonia El Realito, Delegación Presa Este, Tijuana, Baja California, México, C.P. 22250, and cadastral code number DM008811. The Tenant is acting in its own name and behalf and does not assume any right or obligations in the name or on behalf of any other third party.
Lease of the Leased Property. The Authority hereby leases to the City, and the City hereby rents and hires from the Authority, the Leased Property, together with the right of access, ingress, and egress across Property A of the Leased Property after a certificate of occupancy has been issued for a public safety building located thereon, on the conditions and terms hereinafter set forth. The City hereby agrees and covenants that during the term hereof, except as hereinafter provided, it will use the Leased Property for public purposes so as to afford the public the benefits contemplated hereby and so as to permit the Authority to carry out its agreements and covenants contained herein and in the Indenture, and the City hereby further agrees and covenants that during the term hereof that it will not abandon or vacate the Leased Property.
Lease of the Leased Property. Upon the terms and subject to the conditions set forth in this Lease and each Lease Supplement, and in consideration for the rents and covenants herein stipulated to be performed by the Lessee, the Lessor hereby leases to the Lessee the Leased Property. This Lease shall be effective with respect to any Components described on Schedule 1 to each Lease Supplement executed and delivered by the Lessor and the Lessee from time to time. Such Components shall be subject to the terms and conditions of this Lease from and after the date on which a Lease Supplement relating to such Components is executed and delivered for the period commencing on the date of execution and delivery of such Lease Supplement. Simultaneously with the delivery of each Requisition pursuant to Section 5 hereof, the Lessee shall deliver to the Lessor an executed Lease Supplement with respect to the Components included in the Actual Project Costs described in such Requisition.
Lease of the Leased Property. The Corporation shall not lease the Leased Property as lessor except pursuant to the Facility Lease.