Amendment of Leases Clause Samples
Amendment of Leases. So long as the 1999-1A SUBI Certificate is outstanding, the Servicer shall not (i) amend or modify any Lease if such amendment or modification would (x) decrease any amount payable under such Lease upon the early termination thereof or reduce any payment due under any such Lease upon the expiration thereof or (y) extend the final termination date for such Lease if such Lease would not have been an Eligible Lease at the time it was first included in the Aggregate Lease Balance had such extension been effected at such time or (ii) convert the floating interest rate under any Lease to a rate which is lower than the greater of (x) the fixed rate into which such floating rate is converted in accordance with such Lease and (y) one half of 1% in excess of the PHH Treasury Note Rate on the conversion date.
Amendment of Leases. Prior to the Closing, ABB shall use its reasonable efforts to cause the leases under which ABB or any of its Affiliates (other than an Acquired Company) leases any real property used by an Acquired Company immediately prior to the execution of this Agreement to be amended, to the extent necessary, to permit such Acquired Company to directly lease such real property after the Closing on terms and conditions consistent in all material respects with the terms under which ABB or its Affiliates lease such property.
Amendment of Leases. Under the Existing Leases, Gulfstream is obligated to keep the Leased Aircraft enrolled in an engine maintenance program with Standard Aero Limited. Gulfstream’s engine maintenance program with Standard Aero has been replaced by the P&W Agreement, which RACC agrees shall be an acceptable substitute for an engine maintenance program with Standard Aero, so long as Gulfstream complies in all respects with the P&W Agreement and this Agreement. Gulfstream and RACC agree that all references to the “Standard Aero Agreement” in the Existing Leases shall be considered to be references to the P&W Agreement. Gulfstream acknowledges and affirms its obligation under each of the Existing Leases to have the Leased Aircraft enrolled in an engine maintenance program with P&W at all times and to be current with respect to all of its payment and other obligations under the P&W Agreement and this Agreement.
Amendment of Leases. The leases between Seller and each of Source File, Inc. and Versa Trac, Inc. for space in the Oakland Owned Premises shall have been amended to provide that the terms thereof will expire on December 31, 1997.
Amendment of Leases. (a) Section 2.1 of each Lease is hereby amended by:
(i) deleting the definition of the term “Emeritus” and inserting the following in lieu thereof: “Emeritus: (x) To the extent applicable to the period prior to July 31, 2014, Emeritus Corporation, a Washington corporation, and (y) to the extent applicable to the period from and after July 31, 2014, Brookdale Senior Living Inc., a Delaware corporation (or any successor thereto by operation of law or otherwise, as permitted under this Lease).”; and
(ii) deleting the definition of the term “Guarantor” or “Guarantors”, as applicable, and inserting the following in lieu thereof: “Guarantors: Any and all guarantors of Lessee’s obligations under this Lease pursuant to any existing and/or future written Guaranty (each, a “Guarantor”), provided, however, that, with respect to any requirement hereunder for the delivery of financials or other information by Guarantor, from and after July 31, 2014, Guarantor shall mean Brookdale Senior Living Inc., a Delaware corporation (or any successor thereto by operation of law or otherwise, as permitted by this Lease), and any and all guarantors of Lessee’s obligations under this Lease pursuant to any Guaranty delivered on any date from and after July 31, 2014.”.
Amendment of Leases. An Amendment of Leases dated December 17, 2004 by and between Landlord and Tenant (“Amendment of Leases”). The Amendment of Leases amends two leases (collectively “Leases”) between the parties, one of the Leases (“Building 600 Lease”) relating to premises located in Building 600/650/700 (“Building 600”), One ▇▇▇▇▇▇▇ Square, Cambridge, Massachusetts, and the other of the Leases (“Building 1400 Lease”) relating to premises located in Building 1400 (“Building 1400”), ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇, Cambridge, Massachusetts. Any capitalized terms used in this Second Amendment of Leases shall have the same definitions as set forth in the Amendment of Leases, except to the extent otherwise expressly set forth herein.
Amendment of Leases. Grantor shall have the unrestricted right to renew, extend, modify, amend, or supplement the Subject Leases with respect to any of the lands covered thereby without the consent of Grantee; provided, that the Overriding Royalty Interest shall apply to all renewals, extensions, modifications, amendment, supplements and other similar arrangements (and/or interests therein) of the Subject Leases, whether or not such renewals, extensions modifications, amendment, supplements or arrangements have heretofore been obtained, or are hereafter obtained, by Grantor and no renewal, extension, modification, amendment, or supplementation shall adversely affect any of Grantee’s rights hereunder in any material respect. Grantor shall furnish Grantee with written notice of any renewal, extension, modification, amendment, or supplementation of any Subject Lease within thirty (30) days after Grantor has entered into the same, which notice shall specify the date thereof and the location and the acreage covered thereby.
Amendment of Leases. From and after the date of this Agreement and until the Closing, Seller Guarantor shall not, and shall cause its Affiliates (including the Company and its Subsidiaries) not to, sell, pledge, assign, transfer, lease, license, dispose of, grant any easement with respect to, enter into any Lease with respect to, encumber, record a restrictive covenant against, or effect a deed in lieu of foreclosure with respect to any of the Owned Real Property, or enter into, modify, amend, terminate, waive, release, compromise or assign any material rights or claim with respect to any of the Leased Real Properties, in each case, other than in connection with the Restructuring; provided, however, Seller Guarantor and Affiliates (including the Company and its Subsidiaries) shall be able to enter into new Retail Leases without Buyer consent, solely to the extent (i) (1) the subject property is not subject to a Retained Lease or a parcel of Owned Real Property and (2) Seller Guarantor and its Affiliates would be permitted to enter into such Retail Lease following the Closing pursuant to the terms of the applicable Lease, Lease Amendment Agreement or New Sublease Agreement related to such property or (ii) such Retail Lease is under negotiation as of the date hereof and described on Schedule 6.5(f).