REPAIRS, MAINTENANCE The lessee to be responsible for all internal repairs, maintenance of DECORATION and decoration to the demised premises and for any existing air conditioning systems in the unit. WORKS The tenant wishes to undertake alterations. The details have already been supplied. A licence to will be required. INSURANCE The landlord to insure the building against fire and other specified risks and recover the cost thereof from the lessee PERMITTED USE Not to use the units other than for the research, development, design, technical support services and commercial exploitation function connected with the lessees’ business. ASSIGNMENT & The lessee not to assign, charge, underlet or part with possession UNDERLETTING of the premises or any part thereof STATUTORY REGULATIONS The lessee to comply with all statutory requirements relating to the and their permitted use, including, though not exclusively, Health and Safety regulations SIGNS The lessee to provide and maintain in a designated place a sign indicating the name and nature of their business to the satisfaction of the Science Park Manager RIGHT OF ENTRY INSPECTION The lessor reserves the right to enter the demised premises at all reasonable hours for the purpose of viewing the condition thereof or executing works to neighbouring premises or service INDEMNITY The lessee shall indemnify the Landlord against any injury or damage, howsoever caused, arising from his use and occupation of the demised premises NATIONAL SECURITY The lessee shall not engage in any activities which may, in the opinion of the MoD, be prejudicial to, or endanger, national security COSTS Each party to bear its own legal costs in connection with the negotiation and grant of the lease DEPOSIT To be confirmed ALTERATIONS Any alterations will require landlord’s consent. The Lessee will be required to provide MHSP with a detailed copy of the proposed alterations for consideration. If approved, a licence to alter will be required. The Lessee will be required to pay the costs for this. OTHER TERMS All items to be as contained in the lessor’s standard form of lease for the Innovation Centre and Regional Technology Exchange or as considered appropriate by the Science Park Company’s Solicitors in this case REFERENCES N/A These Heads of Terms are issued for the guidance of prospective leases only and do not form part of any agreement. FUNDED PROGRAMME UPDATE WLEP RECOMMENDATION That the Board notes the current position in respect of the following programmes: 2017/2018 Growth Deal; 2013 2020 European Regional Development Fund (ERDF), and; –
REPAIRS, MAINTENANCE DECORATION The lessee to be responsible for all internal repairs, maintenance of and decoration to the demised premises and for any existing air conditioning systems in the unit. WORKS The tenant wishes to undertake alterations. The details have already been supplied. A licence to will be required. INSURANCE The landlord to insure the building against fire and other specified risks and recover the cost thereof from the lessee PERMITTED USE Not to use the units other than for the research, development, design, technical support services and commercial exploitation function connected with the lessees’ business. ASSIGNMENT & UNDERLETTING The lessee not to assign, charge, underlet or part with possession of the premises or any part thereof STATUTORY REGULATIONS The lessee to comply with all statutory requirements relating to the and their permitted use, including, though not exclusively, Health and Safety regulations SIGNS The lessee to provide and maintain in a designated place a sign indicating the name and nature of their business to the satisfaction of the Science Park Manager RIGHT OF ENTRY INSPECTION The lessor reserves the right to enter the demised premises at all reasonable hours for the purpose of viewing the condition thereof or executing works to neighbouring premises or service INDEMNITY The lessee shall indemnify the Landlord against any injury or damage, howsoever caused, arising from his use and occupation of the demised premises NATIONAL SECURITY The lessee shall not engage in any activities which may, in the opinion of the MoD, be prejudicial to, or endanger, national security COSTS Each party to bear its own legal costs in connection with the negotiation and grant of the lease DEPOSIT To be confirmed ALTERATIONS Any alterations will require landlord’s consent. The Lessee will be required to provide MHSP with a detailed copy of the proposed alterations for consideration. If approved, a licence to alter will be required. The Lessee will be required to pay the costs for this. OTHER TERMS All items to be as contained in the lessor’s standard form of lease for the Innovation Centre and Regional Technology Exchange or as considered appropriate by the Science Park Company’s Solicitors in this case REFERENCES N/A These Heads of Terms are issued for the guidance of prospective leases only and do not form part of any agreement. FUNDED PROGRAMME UPDATE WLEP RECOMMENDATION That the Board notes the current position in respect of the following programmes: 2017/2018 Growth Deal; 2013 – 2020 European Regional Development Fund (ERDF), and;