LEASE TERM AND CONTINUING THROUGH AND INCLUDING THE FINAL DAY OF
THE LEASE TERM.
1.18
LEASED PROPERTY:
AS USED HEREIN, THE TERM "LEASED PROPERTY" SHALL
MEAN THE PROPERTY LEASED BY TENANT PURSUANT TO THE EXISTING LEASES OR PURSUANT
TO ANY NEW LEASE.
1.19
NEW LEASE:
AS USED HEREIN, THE TERM "NEW LEASE" SHALL MEAN ANY
LEASE ENTERED INTO BETWEEN TENANT AND THE OWNER, OTHER THAN LANDLORD, OF ANY
UPLAND PROPERTY WITHIN THE WATERFRONT AREA.
3
1.20
PREMISES:
AS USED HEREIN, THE TERM "PREMISES" SHALL MEAN THAT
CERTAIN REAL PROPERTY, THE SOUTHERLY PARCEL OF WHICH IS COMMONLY KNOWN AS 676
BAYVIEW AVENUE, BILOXI, HARRISON COUNTY, MISSISSIPPI, AS MORE PARTICULARLY
DESCRIBED ON EXHIBIT "A" ATTACHED HERETO AND MADE A PART HEREOF, TOGETHER WITH
(I) ALL BUILDINGS, STRUCTURES AND IMPROVEMENT EXISTING ON SUCH REAL PROPERTY AS
OF OCTOBER 31, 1993, (II) ALL EASEMENTS, LICENSES, RIGHTS AND PRIVILEGES
APPURTENANT THERETO (INCLUDING, WITHOUT LIMITATION, ALL RIGHT, TITLE AND
INTEREST OF LANDLORD IN, UNDER AND TO THE LAND LYING IN THE STREETS AND ROADS
ABUTTING SUCH REAL PROPERTY TO THE CENTRAL LINES THEREOF), (III) ANY DOCK OR
PIER THAT WAS CONSTRUCTED BY LANDLORD ON OR ADJACENT TO THE PREMISES AS OF
OCTOBER 19, 1993, (IV) THE AND (IV) ANY AFTER ACQUIRED PROPERTY ADDED TO THE
PREMISES.
THE TERM "PREMISES" SHALL NOT INCLUDE THE IMPROVEMENTS OR ANY BARGE
(WHICH ARE THE EXCLUSIVE PROPERTY OF TENANT) OR ANY RIGHTS TO MINERALS LYING
BENEATH THE SURFACE OF SUCH REAL PROPERTY (BUT LANDLORD SHALL HAVE NO RIGHT TO
EXTRACT ANY MINERALS FROM THE SURFACE OF THE PREMISES WITHOUT TENANT'S PRIOR
WRITTEN CONSENT IN TENANT'S SOLE AND ABSOLUTE DISCRETION).
FOR PURPOSES OF THIS
LEASE, WHENEVER THE TERM "PREMISES" IS USED HEREIN IT SHALL MEAN AND INCLUDE THE
INITIAL ACQUISITION PROPERTY FROM AND AFTER THE DATE SUCH PROPERTY IS ACQUIRED
BY LANDLORD PURSUANT TO SECTION 2.2 BELOW AND ALL AFTER ACQUIRED PROPERTY FROM
AND AFTER THE DATE SUCH PROPERTY IS ACQUIRED OR LEASED BY LANDLORD OR ANY
LANDLORD PARTY PURSUANT TO SECTIONS 2.5 OR 2.9 BELOW.
1.21
PRIME RATE:
AS USED HEREIN, THE TERM "PRIME RATE" SHALL MEAN THE
PRIME RATE AS PUBLISHED IN THE WALL STREET JOURNAL ON THE RELEVANT FINANCING
CLOSING DATE.
1.22
PROPERTY:
AS USED HEREIN, THE TERM "PROPERTY" SHALL MEAN THE
PREMISES AND THE IMPROVEMENTS.
1.23
TENANT'S ESTATE:
AS USED HEREIN, THE TERM "TENANT'S ESTATE" SHALL
MEAN ALL OF TENANT'S RIGHT, TITLE AND INTEREST IN, UNDER AND TO THIS LEASE AND
THE PROPERTY.
1.24
TIDELANDS PROPERTY:
AS USED HEREIN, THE TERM "TIDELANDS PROPERTY"
SHALL MEAN THE TOTAL AREA OF TIDELANDS AREA (AS DEFINED IN SECTION 2.8 BELOW)
AND NEW TIDELANDS AREA (AS DEFINED IN SECTION 2.8 BELOW) LEASED BY TENANT
PURSUANT TO A TIDELANDS LEASE OR A NEW TIDELANDS LEASE.
1.25
TRADE FIXTURES:
AS USED HEREIN, THE TERM "TRADE FIXTURES" SHALL
MEAN ANYTHING AFFIXED TO THE PROPERTY BY TENANT OR ANY SUBTENANT, LICENSEE OR
INVITEE THEREOF FOR PURPOSES OF TRADE, MANUFACTURE, ORNAMENT OR COMMERCIAL USE,
IF THE REMOVAL THEREOF CAN BE EFFECTED WITHOUT IRREPARABLE INJURY TO THE