Common use of Use Occupancy Clause in Contracts

Use Occupancy. 10.5.1 Not to use the Premises except for any use falling within the Permitted Use except as the Landlord may first approve in writing. 10.5.2 In the event that the premises are vacant the Tenant is (i) to fully comply with its obligations under this Lease including all maintenance and repair obligations and is to provide for continuous twenty-four (24) hour on-site security at the Premises, (ii) to actively, continuously and diligently marketing the Premises for sublet and (iii) to deliver the Landlord an additional Security Deposit (a "SUBLET SECURITY DEPOSIT") that complies with the requirements of Article 11 and is equal to three (3) months of the Basic Rent then in effect.

Appears in 2 contracts

Sources: Lease Agreement (Corporate Property Associates 17 - Global INC), Lease Agreement (Corporate Property Associates 17 - Global INC)