Third Party Lease Sample Clauses

Third Party Lease. 17 1.97 Third Party Lease Estoppel Certificate.........................................................17 1.98
Sample 1
AutoNDA by SimpleDocs
Third Party Lease. The term "Third Party Lease" means a lease between a Third Party Lessor, as landlord and Landlord, or an Affiliate and/or Subsidiary of Landlord, as tenant, for any Property. The Power Test Leases are not Third Party Leases for any purpose hereunder.
Sample 1
Third Party Lease. A bona-fide arm’s length lease to a third party that is not an Affiliate of any Borrower, any of the General Partners, any Second Tier Partner, any of the Third Tier Partners, any Guarantor, or any of their Restricted Subsidiaries or Unrestricted Subsidiaries at the time construction commences.
Sample 1
Third Party Lease. From and after the Effective Date, Landlord and Tenant shall use best efforts, without commercially unreasonable cost to either party, to market the portion of the Premises on the Third Floor of the Building ("Third Floor Premises") for lease to third parties, upon terms and conditions reasonably acceptable to Landlord and Tenant. Landlord shall engage Landlord's broker to market the Third Floor Premises for re-lease, and, on the Third Party Lease Date, as defined below, Tenant shall pay Landlord's broker's excess bonus ("Excess Bonus"), in the amount of Two and No/100 Dollars ($2.00) per square foot of the Third Floor Premises leased to a new tenant, directly to Landlord; provided that such Excess Bonus is paid by Landlord to its broker and is paid in addition to its standard broker fees for similar properties. Such Excess Bonus shall not exceed the aggregate amount of Forty-seven Thousand Seven Hundred Four and No/100 Dollars ($47,704.00). If Landlord and a third party tenant reasonably acceptable to Landlord and Tenant execute and deliver a new lease ("Third Party Lease") for the Third Floor Premises prior to the expiration of the Amended Lease, then on the commencement date of the Third Party Lease ("Third Party Lease Date"), the Third Floor Premises shall be excluded from the Premises for all purposes under the Amended Lease, the Minimum Monthly Rent shall be adjusted on a pro rata basis based on square footage to reflect such exclusion and Landlord and Tenant shall execute and deliver an amendment to the Amended Lease memorializing such exclusion and rent reduction. If Landlord does not execute a Third Party Lease pursuant to the terms of this Amendment, then Tenant shall remain liable for all obligations under the Amended Lease, including without limitation for the Third Floor Premises. The Third Party Lease shall be on terms and conditions substantially similar to Landlord's then-standard terms and conditions for similar properties and Landlord shall not offer concessions, not normally offered to other tenants, in exchange for a lower rental rate in the Third Party Lease. Within ten (10) days after Landlord gives Tenant written notice that Landlord intends to enter into a Third Party Lease, Tenant shall deliver to Landlord a bill of sale transferring title to all of the txxx-remaining furniture in the Third Floor Premises ("Third Floor Furniture") to Landlord, without any additional payment due from Landlord, and Tenant shall receive a credit to th...
Sample 1
Third Party Lease. A lease between a Third Party Lessor and Landlord or a subsidiary of Landlord for the Premises.
Sample 1
Third Party Lease. 10 Transfer.......................................................................... 52
Sample 1

Related to Third Party Lease

  • Real Property Lease Except as set forth in Disclosure Schedule 1.1.(b), Seller has no leases of real property used or held for use in connection with the Business or the Purchased Assets.

  • Property Leased Lessor leases to Lessee all of the Equipment described on each Summary Equipment Schedule. In the event of a conflict, the terms of the applicable Schedule prevail over this Master Lease.

  • Third Party Agreements Nothing in this Section 5.3 shall require any Party to violate any Contract or arrangement with any Third Party regarding the confidentiality of confidential and proprietary information relating to that Third Party or its business; provided, however, that in the event that a Party is required under this Section 5.3 to disclose any such information, such Party shall use commercially reasonable efforts to seek to obtain such Third Party’s consent to the disclosure of such information. The Parties also acknowledge that the Other Parties’ Auditors are subject to contractual, legal, professional and regulatory requirements which such auditors are responsible for complying with.

  • Third Party Contracts From the Effective Date through and including the Closing Date, Seller agrees to enter into only those third-party contracts which are necessary to carry out its obligations under Section 5.2, which shall be on market terms and cancellable on thirty (30) days written notice or less, without payment of any fee or penalty. Copies of all such contracts so entered into by Seller shall be promptly provided by Seller to Purchaser.

  • Real Property Leases Section 2.12 of the Disclosure Schedule lists all Leases and lists the term of such Lease, any extension and expansion options, and the rent payable thereunder. The Company has delivered to the Buyer complete and accurate copies of the Leases. With respect to each Lease:

  • Third Party Licenses If (a) in the opinion of outside patent counsel to Licensee, Licensee, or any of its Affiliates or Sublicensees, cannot Exploit a Licensed Product in a country in the Territory without infringing one or more Patents that have issued to a Third Party in such country, or (b) as a result of any claim made against a Party, or any of its Affiliates or Sublicensees, alleging that the Exploitation of a Licensed Product infringes or misappropriates any Patent or any other intellectual property right of a Third Party in a country in the Territory, a judgment is entered by a court of competent jurisdiction from which no appeal is taken within the time permitted for appeal, such that Licensee cannot Exploit such Licensed Product in such country without infringing the Patent or other proprietary rights of such Third Party, then, in either case, Licensee shall have the first right, but not the obligation to negotiate and to obtain a license from such Third Party as necessary for the Exploitation of any Licensed Product hereunder in such country; provided, however, that NovaDel shall have the sole right to seek any such license with respect to the Licensed Process and shall use commercially reasonable efforts to obtain such a license in its own name from such Third Party in such country, under which NovaDel shall, to the extent permissible under such license, grant a sublicense to Licensee as necessary for Licensee, and any of its Affiliates and Sublicensees, to Exploit the Licensed Product as provided hereunder in such country. Licensee shall be solely responsible for one hundred percent (100%) of all royalty and other obligations with respect to the Exploitation of the Licensed Product; provided, however, that Licensee shall have the right to credit fifty percent (50%) any royalties paid by Licensee, its Affiliates or Sublicensees under such license with respect to such country against the royalty payments to be paid by Licensee to NovaDel with respect to the sale of the Licensed Product(s) under Section 4.1; provided, however, that no royalty payment when due, regardless of the amount or number of credits available to Licensee in accordance with this Agreement, shall be reduced by more than fifty percent (50%) of the amounts otherwise owed pursuant to Section 4.1 in any calendar quarter. Credits not exhausted in any calendar quarter may be carried into future calendar quarters.

  • Sublease Sublandlord hereby subleases to Subtenant and Subtenant hereby subleases from Sublandlord for the term, at the rental, and upon all of the conditions set forth herein, the Subleased Premises.

  • Third Party License Pursuant to 15 U.S.C. § 3710a(b)(1)(B), if PHS grants Collaborator an exclusive license to a CRADA Subject Invention made solely by an ICD employee or jointly with a Collaborator employee, the Government will retain the right to require Collaborator to grant to a responsible applicant a nonexclusive, partially exclusive, or exclusive sublicense to use the CRADA Subject Invention in Collaborator’s licensed field of use on terms that are reasonable under the circumstances; or, if Collaborator fails to grant a license, to grant a license itself. The exercise of these rights by the Government will only be in exceptional circumstances and only if the Government determines (i) the action is necessary to meet health or safety needs that are not reasonably satisfied by Collaborator, (ii) the action is necessary to meet requirements for public use specified by federal regulations, and such requirements are not reasonably satisfied by Collaborator; or (iii) Collaborator has failed to comply with an agreement containing provisions described in 15 U.S.C. § 3710a(c)(4)(B). The determination made by the Government under this Paragraph is subject to administrative appeal and judicial review under 35 U.S.C. § 203(2).

  • Personal Property Leases Except as set forth in Schedule 3.13.(b), Company has no leases of personal property involving consideration or other expenditure in excess of $5,000 or involving performance over a period of more than three months.

  • Subleases (a) Promptly, but in any event within five (5) Business Days, following the execution and delivery of any sublease permitted by this Article XXV, Lessee shall notify Lessor of the execution of such sublease. As of the date of each Lease Supplement, Lessee shall lease the respective Property described in such Lease Supplement from Lessor, and any existing tenant respecting such Property shall automatically be deemed to be a subtenant of Lessee and not a tenant of Lessor.

Time is Money Join Law Insider Premium to draft better contracts faster.