Purpose of the Lease Clause Samples

Purpose of the Lease. The Lessee undertakes to use the Property solely for the purpose of management of its office and business in the field of hi-tech industry and/or biotechnology and/or converging fields, and for this purpose alone, all subject to the provisions of Zoning Plan 3760 A. The Lessee hereby undertakes to neither use nor allow use of the Property or any part thereof for any other purpose whatsoever other than the aforementioned purpose, and the Lessee may not engage at the Property in any other business and/or manufacture and/or sell and/or market at the Property products, consumer goods, merchandise or other services of any type whatsoever, other than the ones included within the purpose of the lease as specified below.

Purpose of the Lease. 2.1 The Landlord hereby leases the Property to the Tenant, who accepts it, so that the Tenant can carry out in the Property the Permitted Use and the corresponding administrative tasks after the completion of the Conditioning Works by the Tenant and obtaining the relevant authorizations. For the avoidance of doubt: (a) The access areas indicated in color in the draft attached in Annex 3 are part of the Building. (b) The Property is leased to the Tenant with the connections to the general supplies and equipment of the Building and without prejudice to the Tenant’s power to install the equipment and machinery that are necessary for the development of its activities, whose installation will correspond to the Tenant itself (and that will be owned by the Tenant) under the terms stipulated in this Agreement. 2.2 The Tenant may only use the Property for the Permitted Use and always subject to the License of Occupation and the Activity License. 2.3 The Tenant may only develop the Permitted Use in the Property. Any change in whole or in part to the Permitted Use may only be made by novation in writing of this Agreement. 2.4 This Agreement is valid and comes into force as of today’s date and the Parties expressly declare that there is no need for any further ratification after the delivery of the Property to the Tenant. Consequently, all rights, obligations and waivers included in this Agreement become final as of today, without prejudice to the fact that the effectiveness of certain clauses is deferred to a later time (delivery, agreements on Rent payments, start of the Lease Term, etc.). 2.5 It is expressly stated for the record that the purpose of this Agreement constitutes the Property in its entirety, considered as an indivisible whole, comprising the Warehouse and the Offices referred to in Exhibit (B). The Tenant may not reduce the purpose of the Lease in any way during the term of the Agreement and is obliged to pay the full Rent in accordance with the provisions of this Agreement. However, the Landlord expressly reserves the option to exclude from the Lease the use of the Cover Surface Area, in the event that the Landlord wishes to exploit it directly or assign its use by the title it deems appropriate to any third parties of its free choice (such as investors, agents or operators in the renewable energy market) for the facility, maintenance and exploitation of solar thermal or photovoltaic energy capture systems, with or without connection to the electrica...

Purpose of the Lease. 1. Party B hereby covenants to Party A that such leased premise shall be used as office space, and that it will comply with the state and municipal regulations on the use of building premises and property management. 2. Party B warrants that it will not use the premise for purposes other than as set forth above without the written consent of Party B and the approval by relevant authorities, if required.

Purpose of the Lease. The Purpose of the Lease is for purposes of developing and manufacturing electronic equipment and medical devices by the Tenant only and in accordance with the provisions of this Agreement, below (hereinafter: the "Purpose of the Lease"). We emphasize expressly that the Tenant shall not use the Leasehold for any other or additional purpose whatsoever, other than this purpose.

Purpose of the Lease. 7.1 MediWound declares and undertakes that it is renting the Premises for use in the nature of biotechnology and pharmaceutical research, development, services and production of clinical trial and commercial material in the field of life-sciences, medical devices and general health care. 7.2 CLS hereby declares that to the best of its knowledge, the purposes set forth in Section 7.1 conform to the uses which are permitted in the current applicable city planning program (“Taba”).

Purpose of the Lease. 4.1. The LESSEE shall use the Property or Premise for its business purpose which will include, but not limited to, ( nature of business) as the LESSEE may desire. The LESSEE shall be free to carry on with its businesses directly or through its associates, or as Joint Venture, (…….or by way of sub-leasing the said Property or Premise to third parties partly or fully, or under arrangements like outsourcing or franchising, or as a combination of such means/methods of carrying on with business) solely at the LESSEE’s convenience and discretion. Sale of any retail products/goods/services/marketing of own/national/international brands, products and services as may be decided by the LESSEE from time to time will form part and parcel of the business purpose referred to herein. The LESSOR shall have no objection to the conduct of business as per the purpose mentioned in this Lease Agreement and the LESSOR hereby permits the LESSEE to do so strictly in compliance of all existing Law, wherever applicable. However, all sub-leases shall be co-terminus with the original lease period as per the Lease Agreement or the earlier period. 4.2. The LESSEE shall also be free to obtain all the utility services necessary in its own name or in the name of any of its associates/or Joint Venture, or group companies/firms, (……………or in the name of the tenants to whom the Property or Premise are sub-leased,) or in the name of any entity operating within the Property or Premise on outsourcing or franchising arrangements, at any time during the subsistence of this Lease Agreement. The LESSOR shall provide No Objection Certificate (NOC), wherever necessary, for obtaining such utility services as and when required without demur and any additional cost or charges. 4.3. The LESSEE shall be free do all activities in the Property or Premise as it may deem as needed for its business which may include, ( but not limited to, making up of the site, construction/modification/alteration of buildings subject to compliance of applicable laws only with the prior written permission from LESSOR and other facilities, creating vehicle parking facilities, erection/installation and operation of various items of equipment and systems, installation of signages, hoardings and other temporary constructions/installations, sub-leasing constructed area, facilities, equipment, or the Property or Premise in part or in full for the conduct of mutually agreed purpose of lease. The LESSOR shall not be responsible for any...

Purpose of the Lease. The Lessee agrees that the use of the Unit shall be for residential purpose only. The Lessee shall not use nor permit any other person to use the Unit or any part thereof either temporarily or permanently for any purpose not specified in this Clause throughout the Lease Term (defined hereafter).

Purpose of the Lease. The Operator shall have right to use the property for the production of crops subject to the following limitations:

Purpose of the Lease. This should describe the purpose of the lease – climbing.