Boca Raton Lease Sample Clauses

Boca Raton Lease. (a) GSAM agrees that, on or prior to the Closing, The Xxxxxxx Sachs Group, Inc., an Affiliate of GSAM and tenant under the Lease (the “Tenant”), shall be obligated to assign to GSRP (which is acquiring all or substantially all of the business conducted at the Premises), and GSRP shall be obligated to assume, that certain lease agreement (the “Lease”) for the office premises located in Boca Raton, Florida (the “Leased Premises”), pursuant to the form of Lease Assignment attached as Exhibit E hereto (the “Lease Assignment”), and the Parties agree to enter into any documentation, and GSAM shall cause The Xxxxxxx Xxxxx Group, Inc. to enter into any documentation, on or prior to the Closing, that may be required by the landlord under the Lease (the “Landlord”) to effect the Lease Assignment. GSAM and GSRP hereby agree that GSAM shall receive a payment for any rent and other sums paid by The Xxxxxxx Sachs Group, Inc. to Landlord pursuant to the terms of the Lease before the Closing Date that apply to any period after the Closing Date.
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Boca Raton Lease. GSAM (on behalf of itself and The Xxxxxxx Xxxxx Group, Inc.) hereby represents and warrants to GSRP that: (a) the Lease (i) represents the entire agreement between The Xxxxxxx Sachs Group, Inc. and Landlord with respect to the Leased Premises, (ii) has not been assigned, subleased, modified, amended or extended other than the First Amendment, dated September 4, 2019 and Second Amendment, dated January 22, 2021, and (iii) remains in full force and effect; (b) a true, correct and complete copy of the Lease has been made available to GSRP; (c) there is no pending summary proceedings for the eviction of The Xxxxxxx Xxxxx Group, Inc., as tenant, under the Lease, and there is no pending proceeding or GSAM has no pending written claim against Landlord for offsets against rent payable under the Lease, and The Xxxxxxx Sachs Group, Inc. has not delivered notice to the Landlord disputing the amount of rent due pursuant to the Lease; (d) to the Knowledge of GSAM, there are no uncured defaults or unfulfilled obligations that are past due on the part of Landlord or The Xxxxxxx Xxxxx Group, Inc. under the Lease and The Xxxxxxx Sachs Group, Inc. has not received notice (written or oral) from Landlord claiming that The Xxxxxxx Xxxxx Group, Inc. is in default of any of its obligations under the Lease; (e) The Xxxxxxx Sachs Group, Inc. has not delivered notice of its termination of the Lease (or the surrender of any of the Leased Premises) or of its intention to so terminate the Lease or surrender any portion of the Leased Premises; (f) the rent commencement date for the Lease occurred on May 1, 2019 and the scheduled expiration date for the Lease is August 31, 2024; (g) the monthly base rent currently due and payable under the Lease is $18,814.79 as of March 31, 2022, the monthly recurring reimbursements billed under the Lease are $10,236.51, and the foregoing has been paid through March 31, 2022; (h) Tenant’s pro rata share with respect to expense reimbursements under the Lease is 9.18%; and (i) The Xxxxxxx Xxxxx Group, Inc. has not deposited a cash security deposit or letter of credit with Landlord in connection with the Lease.
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Related to Boca Raton Lease

  • Operating Lease The parties hereto intend that this Lease shall be deemed for all purposes to be an operating lease and not a capital lease.

  • New Lease The Ground Lease requires the ground lessor to enter into a new lease with Lender upon termination of the Ground Lease for any reason, including rejection of the Ground Lease in a bankruptcy proceeding.

  • Ground Lease Reserved.

  • Triple Net Lease Landlord and Tenant acknowledge that, to the extent provided in this Lease, it is their intent and agreement that this Lease be a “TRIPLE NET” lease and that as such, the provisions contained in this Lease are intended to pass on to Tenant or reimburse Landlord for the costs and expenses reasonably associated with this Lease, the Building and the Project, and Tenant’s operation therefrom to the extent provided in this Lease. To the extent such costs and expenses payable by Tenant cannot be charged directly to, and paid by, Tenant, such costs and expenses shall be paid by Landlord but reimbursed by Tenant as Additional Rent.

  • Lease Agreement On the terms stated in this Lease, Landlord leases the Premises to Tenant, and Tenant leases the Premises from Landlord, for the Term beginning on the Commencement Date and ending on the Termination Date unless extended or sooner terminated pursuant to this Lease.

  • Existing Lease Except to the extent specifically amended hereby, all terms and conditions of the Lease remain in full force and effect. [SIGNATURE PAGE TO FIRST AMENDMENT TO LEASE]

  • Operating Leases Not permit the aggregate amount of all rental payments under Operating Leases made (or scheduled to be made) by the Loan Parties (on a consolidated basis) to exceed $1,000,000 in any Fiscal Year.

  • Initial Lease Term The terms and provisions of this Lease shall be effective as of the date of this Lease except for the provisions of this Lease relating to the payment of Rent. The term of this Lease (the “Lease Term”) shall be as set forth in Section 3.1 of the Summary, shall commence on the date (the “Lease Commencement Date”) that is the earlier to occur of (i) the date Tenant commences to conduct business in any portion of the Premises, and (ii) the of “Substantial Completion”, as that term is defined in this Article 2, of the Premises by Landlord, and shall terminate on the date determined in accordance with Section 3.3 of the Summary (the “Lease Expiration Date”) unless this Lease is sooner terminated as hereinafter provided. For purposes of this Lease, “Substantial Completion” of the Premises shall occur upon the completion of construction, as reasonably determined by Landlord, of the “Tenant Improvements,” as that term is defined in the Tenant Work Letter, in the Premises pursuant to the plans and drawings which are prepared and approved pursuant to the terms of the Tenant Work Letter and the issuance of a temporary certificate of occupancy or legal equivalent, with the exception of any Punchlist Items (as defined below) and any Tenant fixtures, work-stations, built-in furniture, or equipment to be installed by Tenant or under the supervision of Contractor (as defined in Section 3 of the Tenant Work Letter). “Punchlist Items” shall mean only commercially reasonable punchlist items, the non-completion of which does not prevent the issuance of a temporary certificate of occupancy or legal equivalent or unreasonably interfere with Tenant’s use or occupancy of the Premises, and which punchlist items shall be corrected promptly by Landlord (within thirty (30) days following Landlord’s receipt of written notice thereof from Tenant) without unreasonable interference with Tenant’s use of or access to or from the Premises. It is anticipated that the Lease Commencement Date will occur within sixteen (16) weeks after mutual execution of this Lease (such date, the “Target Commencement Date”), but this Lease shall not be void, voidable or subject to termination, nor shall Landlord be liable to Tenant for any loss or damage, resulting from Landlord’s inability to deliver the Premises to Tenant by any particular date, except as hereinafter provided. Notwithstanding anything to the contrary in this Lease, if the Lease Commencement Date does not occur within 60 days after the Target Commencement Date, other than due to Tenant Delay (as defined in the Tenant Work Letter) or Force Majeure, then Tenant, at its option, may terminate this Lease by written notice to Landlord given at any time after the expiration of such 60-day period but before the Lease Commencement Date actually occurs. In the event of such termination by Tenant, the first month’s Base Rent, Tenant’s Share of Direct Expenses paid by Tenant and the Security Deposit shall be fully refunded to Tenant (subject to Landlord’s right to draw upon such Security Deposit as provided in Article 21 below) and neither party shall have any further obligations hereunder. At any time during the Lease Term, Landlord may deliver to Tenant a notice in the form as set forth in Exhibit “C”, attached hereto, as a confirmation only of the information set forth therein, which Tenant shall (absent manifest error) execute and return to Landlord within five (5) business days of receipt thereof.

  • Leasehold Mortgage Lessee shall at all times and from time to time have the right to encumber by mortgage, deed of trust, or security agreement (the “Mortgage”) Lessee’s leasehold estate in the Premises, together with Lessee’s rights and interests in all buildings, fixtures, equipment, and improvements situated thereon, and all rents, issues, profits, revenues, and other income to be derived by Lessee therefrom, to secure such loans from time to time made by any Person to Lessee; provided, however, that such Mortgage shall in no event encumber Lessor’s fee title or leasehold interest (as applicable) in the Premises or Lessor’s interest under this Lease.

  • Lease Guaranty In the event of any sublease of any Leased Property(ies) or any portion thereof to an Affiliate of any Tenant pursuant to the terms of this Lease, regardless of whether Lessor’s prior consent is required therefor, such subtenant shall execute and deliver a Lease Guaranty relative to the Leased Property(ies) or portion thereof subleased by it. Tenant represents and warrants to Lessor that Schedule 40.12 attached hereto and made a part hereof reflects the identities of all Affiliates of any Tenant from whom a Lease Guaranty is required hereunder as of the Effective Date and the respective Leased Properties (or parts thereof) subleased by each of such Affiliates. Tenant agrees, from time to time within fifteen (15) days after receipt of a written request therefor from Lessor, to deliver to Lessor an Officer’s Certificate which updates all of the information contained in Schedule 40.12.

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