VAULT SPACE. Any vaults, vault space or other space outside the boundaries of the Real Property (a “Vault”), notwithstanding anything contained in this Lease to the contrary, or indicated on any sketch, blueprint or plan are not included in the Premises except that any and all obligations of Tenant and restrictions applicable to the Premises shall apply to the Vault except as may be otherwise set forth herein. Landlord makes no representation as to the location of the boundaries of the Real Property except that there is no Vault comprising any portion of the Premises. All Vaults which Tenant may be permitted to use or occupy are being used without consideration and are to be used or occupied under a revocable license, and if any such license shall be revoked by Landlord at any time, or if the amount of such space shall be diminished or required by any Federal, State or Municipal authority or by any public utility company, such revocation, diminution or requisition shall not constitute an actual or constructive eviction, in whole or in part, or entitle Tenant to any abatement or diminution of rent, or relieve Tenant from any of its obligations under this Lease, or impose any liability upon Landlord. Any fee, tax or charge imposed by any governmental authority for any such Vaults, vault space or other space shall be paid by Tenant at least 30 days prior to its due date. Tenant’s use of any Vault is at Tenant’s sole risk and Landlord shall have no obligation for the condition or maintenance thereof or otherwise, which maintenance and obligations, whether structural or non-structural shall be Tenant’s sole responsibility. Landlord may, in its discretion, designate substitute Vault areas for Tenant’s use at any time and for any or no reason, upon ten (10) days’ notice to Tenant and in such event Tenant shall immediately vacate the Vault areas.
Appears in 1 contract
Sources: Lease (SoulCycle Inc.)
VAULT SPACE. Any Section 14.01. The Demised Premises do not contain any vaults, vault space or other space outside the boundaries of the Real Property (a “Vault”)Property, notwithstanding anything contained in this Lease to the contrary, or indicated on any sketch, blueprint or plan are not included in the Premises except that any and all obligations of Tenant and restrictions applicable to the Premises shall apply to the Vault except as may be otherwise set forth hereinplan. Landlord makes no representation as to the location of the boundaries of the Real Property except that there is no Vault comprising any portion Property. All vaults and vault space and all other space outside the boundaries of the Premises. All Vaults Real Property which Tenant may be permitted to use or occupy are being used without consideration and are to be used or occupied under a revocable license, and if any such license shall be revoked by Landlord at any timerevoked, or if the amount of such space shall be diminished or required by any Federal, State or Municipal authority Authority or by any public utility company, such revocation, diminution or requisition shall not constitute an actual or constructive eviction, in whole or in part, or entitle Tenant to any abatement or diminution of rent, or relieve Tenant from any of its obligations under this Lease, or impose any liability upon Landlord. Any fee, tax or charge imposed by any governmental authority for any such Vaultsvault, vault space or other space used exclusively by Tenant shall be paid by Tenant. Landlord shall have the right from time to time, to substitute for the basement space, if any, then occupied by Tenant, comparable space in the basement, provided Landlord shall give Tenant at least 30 days prior to its due date. Tenant’s use of any Vault is at Tenant’s sole risk and Landlord shall have no obligation for the condition or maintenance thereof or otherwise, which maintenance and obligations, whether structural or non-structural shall be Tenant’s sole responsibility. Landlord may, in its discretion, designate substitute Vault areas for Tenant’s use at any time and for any or no reason, upon ten (10) days’ notice of Landlord’s intention so to Tenant and in such event Tenant shall immediately vacate the Vault areasdo.
Appears in 1 contract
Sources: Lease Agreement (Majesco)