Common use of Term and Premises Clause in Contracts

Term and Premises. LESSOR leases to LESSEE and LESSEE leases from LESSOR a building to be constructed, to contain approximately 54,239 square feet, which building will be situated upon and constitut- ing a part of, the shopping center which is or will be located upon the real property situated in the County of Butte, Califor- shopping center nia, which/is more particularly described on Exhibit "A" attached hereto and made a part hereof, for an initial term of twenty (20) years, commencing on the earlier of the first day the premises are opened for business or forty-five (45) days following notice of completion of construction of the premises, as is more fully set forth in paragraph 4 of the lease. The lease term is subject to extension by LESSEE in accordance with the terms of the lease Exhibit E between the parties, which lease is entitled "BUILD AND LEASE AGREEMENT" and is dated ________________. Each and all of the provisions of the said lease are incorporated into this memo- random of lease by this reference.