Common use of The Additional Area Clause in Contracts

The Additional Area. 2.1 Subject to fulfillment of the terms provided in this Addendum below, as of June 15, 2024 (hereinafter: the “Effective Date”), the Lessee will lease from the Lessor an additional area of 482 sq m, gross, on the ground floor of the building known as “Rimon House” in the Complex, all as demarcated and marked in the blueprint attached as Appendix A to this Addendum (hereinafter: the “Additional Leasehold” or the “Additional Area” as applicable). The area of the Existing Leasehold together with the Additional Area will be referred to hereinafter as: the “Leasehold Area.” The Existing Leasehold together with the Additional Leasehold will be referred to hereinafter as: the “Leasehold.” The Leasehold Area (i.e., the Existing Leasehold Area together with the Additional Area) is 3,793 sq m, gross. 2.2 As of the Effective Date, the Additional Leasehold will be added to the Existing Leasehold, will be considered part of the Leasehold and will be subject to all of the provisions of the Lease Agreement for all intents and purposes, such that everywhere in the Lease Agreement that there is a reference to the “Leasehold Area” and/or to the “Leasehold” this will refer to the Existing Leasehold Area together with the Additional Area and to the Existing Leasehold together with the Additional Leasehold, as applicable, other than regarding matters in which there is a different express arrangement that appears in this Addendum. 2.3 The Additional Leasehold will be delivered the to the Lessee in its condition As Is, and its delivery as stated will constitute confirmation on the part of the Lesse that the Additional Leasehold was delivered to it in accordance with the provisions of the Lease Agreement and to its absolute satisfaction, and that it does not and will not have any claims and/or allegations and/or demands in connection thereto against the Lessor and/or its agents.

Appears in 1 contract

Sources: Unprotected Lease Agreement (InMode Ltd.)

The Additional Area. 2.1 Subject to fulfillment of the terms provided in this Addendum below, as of June 15August 1, 2024 (hereinafter: the “Effective Date”), the Lessee will lease from the Lessor an additional area of 482 333 sq m, gross, on the ground floor of the building known as “Rimon House” in the Complex, all as demarcated and marked in the blueprint attached as Appendix A to this Addendum (hereinafter: the “Additional Leasehold” or the “Additional Area” as applicable). The area of the Existing Leasehold together with the Additional Area will be referred to hereinafter as: the “Leasehold Area.” The Existing Leasehold together with the Additional Leasehold will be referred to hereinafter as: the “Leasehold.” The Leasehold Area (i.e., the Existing Leasehold Area together with the Additional Area) is 3,793 4,126 sq m, gross. 2.2 As of the Effective Date, the Additional Leasehold will be added to the Existing Leasehold, will be considered part of the Leasehold and will be subject to all of the provisions of the Lease Agreement for all intents and purposes, such that everywhere in the Lease Agreement that there is a reference to the “Leasehold Area” and/or to the “Leasehold” this will refer to the Existing Leasehold Area together with the Additional Area and to the Existing Leasehold together with the Additional Leasehold, as applicable, other than regarding matters in which there is a different express arrangement that appears in this Addendum. 2.3 The Additional Leasehold will be delivered the to the Lessee in its condition As Is, and its delivery as stated will constitute confirmation on the part of the Lesse that the Additional Leasehold was delivered to it in accordance with the provisions of the Lease Agreement and to its absolute satisfaction, and that it does not and will not have any claims and/or allegations and/or demands in connection thereto against the Lessor and/or its agents.

Appears in 1 contract

Sources: Unprotected Lease Agreement (InMode Ltd.)