Air Rights Lease Sample Clauses

Air Rights Lease. Air Rights Lease dated February 13, 1981 originally between The Houston Center Athletic Club Venture and UIDC of Texas, Inc. pertaining to the Downtown Club at Houston Center and all amendments thereto, if any.
Air Rights Lease. OTR shall not be liable to perform its obligations at Closing unless the following condition is satisfied: prior to Closing, 77 WWLP shall deliver to OTR an estoppel certificate addressed to OTR and the LLC, in the form attached as Appendix 3.8 and incorporated herein, or if not in such form, in such form as is otherwise reasonably satisfactory to OTR, from the landlord under the Air Rights Lease.
Air Rights Lease. (a) Mortgagor hereby represents and warrants as follows: (i) the Air Rights Lease is in full force and effect, unmodified by any writing or otherwise except as specifically set forth herein; (ii) all rent, additional rent and/or other charges reserved in or payable under the Air Rights Lease, have been paid to the extent that they are payable to the date hereof; (iii) the Mortgagor enjoys the holding of the air development rights; (iv) the Mortgagor is not in default under any of the material terms of the Air Rights Lease and to the best of its knowledge, is not in default under any other term of the Air Rights Lease; (v) the ground lessor is not in default under any of the material terms or provisions of the Air Rights Lease, and, to the best of the Mortgagor's knowledge, the ground lessor is not in default under any other terms or provisions of the Air Rights Lease, on its part to be observed or performed; and (vi) the Mortgagor has delivered to the Mortgagee a true, accurate and complete copy of the Air Rights Lease.
Air Rights Lease. The Seller shall have delivered to the Purchaser a written statement from the lessor under the Air Rights Lease acknowledging the commencement and termination dates of the Air Rights Lease, that there is no material default except as otherwise noted in such written statement, that the Air Rights Lease is in full force and effect except as otherwise noted in such written statement, and that the Air Rights Lease has not been modified (or if it has, stating such modification). To the extent required under the Air Rights Lease, the lessor under the Air Rights Lease shall have consented to the sale of the Property, and the Seller, the Purchaser and the lessor under the Air Rights Lease shall have arranged, at the Seller’s cost and expense, for the assignment and assumption of the Air Rights Lease.
Air Rights Lease. 26 PURCHASE AND SALE AGREEMENT THIS AGREEMENT (the "Agreement"), dated as of the __________ day of __________ 2003, is made by and between JOHN HANCOCK LIFE INSURANCE COMPANY, a Massachusetts corporation ("Seller"), having an office at 200 Clarendon Street, Boston, Massachusetts 02117, and BEACON CAPITAL STRATEGIC PARTNERS II ACQUISITION, LLC, a Delaware limited liability company ("Purchaser"), having an office at One Federal Street, 26th Floor, Boston, Massachusetts 02110.
Air Rights Lease. The Air Rights Lease (as such term is defined in the Security Instrument) is currently in full force and effect and is unmodified. All representations and warranties of Borrower with respect to the Air Rights Lease as set forth in the Loan Documents have been duly complied with and are true, correct and complete in all respects as of the date hereof. Borrower is unaware of any default under the Air Rights Lease. Any and all consents and approvals required to be obtained under the Air Rights Lease for consummation of the Transfer have been obtained and delivered to Lender.
Air Rights Lease. The leasehold estate created by this Lease constitutes a sublease of a portion of the premises demised to Landlord, as lessee, by the City of Covington, as lessor, by an instrument dated and recorded in the lease records of the Kenton County Clerk at Covington, Kentucky as follows: instrument dated August 1, 1988, filed in Lease Record Volume 452, Page 452 on the records of Kenton County. Such instrument shall be referred to under this Lease as the "Air Rights Lease." This Lease and all of Tenant's rights hereunder are and shall be subject and subordinate to the Air Rights Lease and the rights of all parties under such Air Rights Lease.
Air Rights Lease. The Beacon Office Portfolio Properties are subject to two air rights leases, however, no lease payments are required for the term of the leases. Under the Air Lease, Fee Borrower is the lessor and Leasehold Borrower is the lessee. The Air Lease has a term which extends not less than twenty (20) years beyond the maturity date of the Beacon Office Portfolio Loan. The two leases ------------------------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------------- LOAN NUMBER LOAN NAME DESCRIPTION OF EXCEPTION -------------------------------------------------------------------------------------------------------------------------------
Air Rights Lease. (a) The leasehold estate created by this Lease for the Plaza Level and floors 3, 5, 6, 7, 8, 9, 11, and 12 of the RiverCenter II Office Building constitutes a sublease of a portion of the premises demised to CPX RiverCenter Two Limited Partnership, as lessee, by the City of Covington, as lessor, by an instrument dated and recorded in the lease records of the Kenton County Clerk at Covington, Kentucky as follows: instrument dated August 1, 1988 and recorded September 8, 1988 at 10:22 a.m. in Lease Book 17, Page 645, Kenton County, Kentucky Clerk's records at Covington, Kentucky as assigned by Assignment and Assumption of Second Office Air Rights Lease Agreement and Grant of Easement by and between Corporex Companies, Inc. and CPX RiverCenter Development Corporation recorded September 8, 1988 in Miscellaneous Book 127, Page 762, Kenton County, Kentucky Clerk's records at Covington, Kentucky, as amended by First Amendment to Second Office Air Rights Lease Agreement recorded April 20, 1995 in Miscellaneous Book 301, Page 262, Kenton County, Kentucky Clerk's records at Covington, Kentucky, and as Subsequently amended by Second Amendment to Second Office Air Rights Lease Agreement recorded August 23, 1995 in Miscellaneous Book 315, Page 277, Kenton County, Kentucky Clerk's records at Covington, Kentucky, and as amended by the Third Amendment to Second Office Air Rights Lease Agreement and Grant of Easements dated December 12, 1995 and recorded December 13, 1995 in Miscellaneous Book 329, Page 92, of the Kenton County, Kentucky Clerk's records at Covington, Kentucky, and as subsequently assigned by Second Assignment and Assumption of Second Office Air Rights Lease Agreement and Grant of Easement by and between CPX-RiverCenter Development Corporation and CPX RiverCenter II Limited Partnership, a Kentucky limited partnership, dated September 4, 1996 and recorded September 6, 1996 in Miscellaneous Book 364, Page 314 Kenton County, Kentucky Clerk's records at Covington, Kentucky, demising the "Second Office Air Lot" as further set forth and described on the Plat of Covington RiverCenter recorded in Plat Envelope 1467, 1467A, 1468, and 1468A, and on the Amended Plat of Covington RiverCenter recorded on August 23, 1995 in Plat Envelope 1726, 1727, and 1728, Kenton County, Kentucky Clerk's records at Covington, Kentucky. Such instruments shall be collectively referred to under this Lease as the "Air Rights Lease". This Lease and all of Tenant's rights hereunder are and ...
Air Rights Lease. “Air Rights Lease” means that certain Lease of Air Space dated December 1, 1994 by the City of New Orleans to CSDC Ground Lessor, together with all amendments, assignments, supplements and modifications thereto.