Energy Performance Certificate: a certificate as defined in regulation 2(1) of the Energy Performance of Buildings (England and Wales) Regulations 2012 (SI 2012/3118).
Insurance Rent: the aggregate in each year of the gross cost of the premium before any discount or commission for the insurance of:
a) the Property, other than any plate glass, for its full reinstatement cost (taking inflation of building costs into account) against loss or damage by or in consequence of the Insured Risks, including costs of demolition, site clearance, site protection and shoring-up, professionals and statutory fees and incidental expenses, the cost of any work which may be required under any law and VAT in respect of all those costs, fees and expenses;
b) loss of Annual Rent of the Property for three years; and
c) any insurance premium tax payable on the above.
Insured Risks: means fire, explosion, lightning, earthquake, storm, flood, bursting and overflowing of water tanks, apparatus or pipes, impact by aircraft and articles dropped from them, impact by vehicles, subsidence, ground slip, heave, riot, civil commotion and any other risks against which the Landlord decides to insure against from time to time and Insured Risk means any one of the Insured Risks.
Interest Rate: the base rate from time to time of Barclays Bank, or if that base rate stops being used or published then a comparable commercial rate reasonably determined by the Landlord.
Lifts: all lifts and lift machinery and equipment within and forming part of the Property.
LTA 1954: Landlord and Tenant Act 1954.
Permitted Part: each whole floor of the Property which is capable of separate occupation and use.
Permitted Use: offices within Use Class B1 of the Town and Country Planning (Use Classes) Order 1987 as at the date this lease is granted.
Property: the land and building at 34 38 Provost Street London N1 7NG being the whole of the land and buildings comprised in the Landlords freehold Title under Title Number 189688.
Recommendation Report: a report as defined in regulation 4 of the Energy Performance of Buildings (England and Wales) Regulations 2012 (SI 2012/3118).
Rent Commencement Date: the day of 2019 [4 months rent free].
Rent Payment Dates: 25 March, 24 June, 29 September and 25 December.
Reservations: all of the rights excepted, reserved and granted to the Landlord by this lease.