AUTHORIZED LEASE EXECUTION Sample Clauses

The Authorized Lease Execution clause defines who has the legal authority to sign and execute the lease agreement on behalf of each party. Typically, this clause specifies that only individuals with proper authorization, such as officers, managers, or designated agents, may bind the landlord or tenant to the lease terms. By clearly identifying authorized signatories, the clause helps prevent disputes over the validity of the lease and ensures that the agreement is enforceable, thereby protecting both parties from unauthorized commitments.
AUTHORIZED LEASE EXECUTION. Each individual executing this Lease as director, officer, partner, member, or agent of a corporation, limited liability company, or partnership represents and warrants that he is duly authorized to execute and deliver this Lease on behalf of such corporation, limited liability company, or partnership.
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AUTHORIZED LEASE EXECUTION. Each individual executing this Lease as director, officer, partner, member or agent of a corporation, limited liability company, or partnership represents and warrants that he is duly authorized to execute and deliver this Lease on behalf of such corporation, limited liability company, or partnership. TRANSFER OF LANDLORD'S INTEREST 37. In the event of the sale, assignment or transfer by Landlord of its interest in the Premises or in this Lease (other than a collateral assignment to secure a debt of Landlord) to a successor in interest who expressly assumes the obligations of Landlord under this Lease, Landlord shall thereupon be released and discharged from all its covenants and obligations under this Lease, except those obligations that have accrued prior to such sale, assignment or transfer; and Tenant agrees to look solely to the successor in interest of Landlord for the performance of those covenants accruing after such sale, assignment or transfer. Landlord's assignment of this Lease, or of any or all of its rights in this Lease, shall not affect Tenant's obligations hereunder, and Tenant shall attorn and look to the assignee as Landlord, provided Tenant has first received written notice of the assignment of Landlord's interest.
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AUTHORIZED LEASE EXECUTION. Each individual executing this LEASE as a director, officer, partner, or agent of a corporation or partnership represents and warrants that he is duly authorized to execute and deliver this LEASE on behalf of such corporation or partnership.
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AUTHORIZED LEASE EXECUTION. Each individual executing this Lease as director, officer, partner, member, or agent of a corporation, limited liability company, or partnership represents
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AUTHORIZED LEASE EXECUTION. 38.01 Each individual executing this Lease as a director, officer or agent of a corporation and warrants that he is duly authorized to execute and deliver this Lease on behalf of such corporation in accordance with the represents duly adopted resolution of the Board of Directors of said corporation in accordance with its terms. Each individual executing this Lease on behalf of a partnership warrants that he is a General Partner therein and is duly authorized to execute and deliver this Lease on behalf of said partnership. 38.02 Landlord reserves the right to make and enforce such other reasonable rules and regulations as, in its judgment, may be deemed necessary or advisable from time to time to promote safety, care and cleanliness of the premises and for the preservation of good order thereon.
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AUTHORIZED LEASE EXECUTION. 31.01 Each individual executing this Lease as a director, officer or agent of a corporation represents and warrants that he is duly authorized to execute and deliver this Lease on behalf of such corporation and in accordance with and on the terms, conditions and covenants set forth herein, pursuant to duly adopted resolutions of the Board of Directors of such corporation. 31.02 Each individual executing this Lease on behalf of a partnership warrants and represents that he is a general partner thereof and is duly authorized to execute and deliver this Lease on behalf of such partnership and in accordance with and on the terms, conditions and covenants set forth herein, pursuant to the terms of the partnership or other agreement of all of the partners thereof.
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Related to AUTHORIZED LEASE EXECUTION

  • Fixed Lease If this is a fixed lease, provide the start and end date for the lease term. 9.

  • Lease Supplement The Lease Supplement No. 1 (Federal Express Corporation Trust No. N676FE) to be dated the Delivery Date, substantially in the form of Exhibit A to the Lease. Lease Term. The period commencing on the Delivery Date and ending at the end of the Basic Term. Lessee. Federal Express Corporation, a Delaware corporation.

  • New Lease In the event that this Lease is rejected in any bankruptcy, insolvency or dissolution proceeding or is terminated by Landlord following a Tenant Event of Default other than due to a default that is subject to cure by a Permitted Leasehold Mortgagee under Section 17.1(d) and Section 17.1(e) above, Landlord shall provide each Permitted Leasehold Mortgagee with written notice that this Lease has been rejected or terminated (“Notice of Termination”), and, for the avoidance of doubt, upon delivery of such Notice of Termination, no Permitted Leasehold Mortgagee shall have the rights as described in Section 17.1(d) and Section 17.1(e) above, but rather such Permitted Leasehold Mortgagee instead shall have the rights described in this Section 17.1(f)). Following any such rejection or termination, Landlord agrees to enter into a new lease (“New Lease”) of the Leased Property with such Permitted Leasehold Mortgagee or its Permitted Leasehold Mortgagee Designee for the remainder of the term of this Lease, effective as of the date of termination, at the rent and additional rent, and upon the terms, covenants and conditions (including all then-remaining options to renew but excluding requirements which have already been fulfilled) of this Lease, provided: (i) such Permitted Leasehold Mortgagee or its Permitted Leasehold Mortgagee Designee shall comply with the applicable terms of Section 22.2; (ii) such Permitted Leasehold Mortgagee or its Permitted Leasehold Mortgagee Designee shall make a binding, written, irrevocable commitment to Landlord for such New Lease within thirty (30) days after the date such Permitted Leasehold Mortgagee receives Landlord’s Notice of Termination of this Lease given pursuant to this Section 17.1(f); (iii) such Permitted Leasehold Mortgagee or its Permitted Leasehold Mortgagee Designee shall pay or cause to be paid to Landlord at the time of the execution and delivery of such New Lease, any and all sums which would at the time of execution and delivery thereof be due pursuant to this Lease but for such rejection or termination (including, for avoidance of doubt, any amounts that become due prior to and remained unpaid as of the date of the Notice of Termination) and, in addition thereto, all reasonable expenses, including reasonable documented attorney’s fees, which Landlord shall have incurred by reason of such rejection or such termination and the execution and delivery of the New Lease and which have not otherwise been received by Landlord from Tenant or other party in interest under Tenant; and (iv) such Permitted Leasehold Mortgagee or its Permitted Leasehold Mortgagee Designee shall agree to remedy any of Tenant’s defaults of which said Permitted Leasehold Mortgagee was notified by Landlord’s Notice of Termination (or in any other written notice of Landlord) and which can be cured through the payment of money or, if such defaults cannot be cured through the payment of money, are reasonably susceptible of being cured by Permitted Leasehold Mortgagee or its Permitted Leasehold Mortgagee Designee.

  • Production Report and Lease Operating Statements Within 60 days after the end of each fiscal quarter, a report setting forth, for each calendar month during the then current fiscal year to date, the volume of production and sales attributable to production (and the prices at which such sales were made and the revenues derived from such sales) for each such calendar month from the Oil and Gas Properties, and setting forth the related ad valorem, severance and production taxes and lease operating expenses attributable thereto and incurred for each such calendar month.

  • Operating Leases Incur any obligation to pay rent under an operating lease in any Fiscal Year if to do so would result in the aggregate obligation of Borrower and its Subsidiaries to pay rent under all operating leases in that Fiscal Year to exceed $4,000,000.