Common use of Acceptance and Undertaking Clause in Contracts

Acceptance and Undertaking. The Construction Agent hereby unconditionally accepts the agency appointment and undertakes, for the benefit of the Lessor, to identify and acquire certain Properties (provided, title to the Properties shall be held in the name of the Lessor, except that the interest of the Lessor in certain Properties shall be a ground leasehold interest pursuant to one (1) or more Ground Leases if requested by the Construction Agent) and the development, acquisition, installation, construction and testing of the Improvements, the Equipment and the other components of the Properties in accordance with the Plans and Specifications and the Operative Agreements.

Appears in 4 contracts

Samples: Credit Agreement (Correctional Services Corp), Lease Agreement (Lexicon Genetics Inc/Tx), Agency Agreement (Dollar Tree Stores Inc)

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Acceptance and Undertaking. The Construction Agent hereby unconditionally accepts the agency appointment and undertakes, for the benefit of the Lessor, to identify and acquire certain Properties (provided, title to the Properties shall be held in the name of the Lessor, except that the interest of the Lessor in certain Properties shall be a ground leasehold interest pursuant to one (1) or more Ground Leases if requested by the Construction Agent) and the development, acquisition, installation, construction and testing of the Improvements, the Equipment and the other components of the Properties substantially in accordance with the Plans and Specifications and the Operative Agreements.

Appears in 2 contracts

Samples: Agency Agreement (Sabre Holdings Corp), Agency Agreement (Sabre Holdings Corp)

Acceptance and Undertaking. The Construction Agent hereby unconditionally accepts the agency appointment and undertakes, for the benefit of the Lessor, to identify and acquire certain Properties (provided, title to in connection with the Properties shall be held in the name of the Lessor, except that the interest of the Lessor in certain Properties shall be a ground leasehold interest pursuant to one (1) or more Ground Leases if requested by the Construction Agent) identification and the design, development, acquisition, installation, construction and testing of the Improvements, the Equipment and the other components of the Properties Property in accordance with the Plans and Specifications and the Operative Agreements.

Appears in 1 contract

Samples: Agency Agreement (Nvidia Corp)

Acceptance and Undertaking. The Construction Agent hereby unconditionally accepts the agency appointment and undertakes, for the benefit of the Lessor, to identify and acquire certain Properties (provided, title to the Properties shall be held in the name of the Lessor, except that the interest of the Lessor in certain Properties shall be a ground leasehold interest pursuant to one (1) or more Ground Leases if requested by the Construction Agent) and the development, acquisition, installation, construction and testing of the Improvements, the Equipment and the other components of the Properties in accordance with the Plans and Specifications and the Operative Agreements.

Appears in 1 contract

Samples: Agency Agreement (Shurgard Storage Centers Inc)

Acceptance and Undertaking. The Construction Agent hereby unconditionally accepts the agency appointment and undertakes, for the benefit of the Lessor, to identify and acquire certain Properties (provided, including Equipment) (provided title to the Properties shall be held in the name of the Lessor, except that ) and to cause the interest construction of the Lessor in certain Properties shall be a ground leasehold interest pursuant to one (1) or more Ground Leases if requested by the Construction Agent) Improvements and the development, acquisition, installation, construction and testing installation of the Improvements, the Equipment and the other components of the Properties in accordance with the Plans and Specifications and the Operative Agreements.

Appears in 1 contract

Samples: Agency Agreement (Tech Data Corp)

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Acceptance and Undertaking. The Construction Agent hereby unconditionally accepts the agency appointment and undertakes, for the benefit of the Lessor, to identify and acquire certain Properties (provided, provided title to the Properties shall be held in the name of the Lessor, except that ) and to cause the interest construction of the Lessor in certain Properties shall be a ground leasehold interest pursuant to one (1) or more Ground Leases if requested by the Construction Agent) and the development, acquisition, installation, construction and testing of the Improvements, the Equipment and the other components of the Properties Improvements in accordance with the Plans and Specifications and the Operative Agreements.

Appears in 1 contract

Samples: Agency Agreement (Wackenhut Corrections Corp)

Acceptance and Undertaking. The Construction Agent hereby unconditionally accepts the agency appointment and undertakes, for the benefit of the Lessor, to identify and acquire certain Properties the Property (provided, title to the Properties Property shall be held in the name of the Lessor, except that the interest of the Lessor in certain Properties shall be a ground leasehold interest pursuant to one (1) or more Ground Leases if requested by the Construction Agent) and the design, development, acquisition, installation, construction and testing of the Improvements, the Equipment and the other components of the Properties Property in accordance with the Plans and Specifications and the Operative Agreements.

Appears in 1 contract

Samples: Construction Agency Agreement (Big Lots Inc)

Acceptance and Undertaking. The Construction Agent hereby unconditionally accepts the agency appointment and undertakes, for the benefit of the Lessor, to identify and acquire certain Properties (provided, title to the Properties shall be held in the name of the Lessor, except that the interest of the Lessor in certain Properties shall be a ground leasehold interest pursuant to one (1) or more Ground Leases if requested by the Construction Agent) and the development, acquisition, installation, design, construction and testing of the Improvements, the Equipment and the other components of the Properties in accordance with the Plans and Specifications and the Operative Agreements.

Appears in 1 contract

Samples: Agency Agreement (Guilford Pharmaceuticals Inc)

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