Concerning the Lease Clause Samples
The 'Concerning the Lease' clause defines the general terms and conditions that govern the lease agreement between the parties. It typically outlines the scope of the lease, including the property being leased, the duration, and the rights and obligations of both the landlord and tenant. For example, it may specify the permitted use of the premises, maintenance responsibilities, and any restrictions on alterations. This clause serves to establish the foundational framework for the lease, ensuring both parties have a clear understanding of their roles and the rules that apply to the tenancy.
Concerning the Lease. (a) The Borrower agrees to [*] and shall take reasonable steps to [*] that relate to [*] (including without limitation [*]) [*].
(b) Notwithstanding anything to the contrary herein or [*], the Borrower agrees not to (i) [*] (in each case other than with respect to [*]), which, in case of [*] would have a material adverse effect on [*], unless it shall have obtained the prior written consent of [*] (such consent not to be unreasonably withheld, conditioned or delayed) or (ii) [*] without the prior written consent of [*] (such consent not to be unreasonably withheld, conditioned or delayed) except that no such consent shall be required for [*] (A) [*], (B) [*], or (C) [*].
(c) The Borrower shall not [*] except (a) [*] (provided that [*]) or (b) [*].
(d) Unless required to do so pursuant to [*] (with respect to [*]), the Borrower agrees not to [*] without the prior written consent of [*] (acting on instructions of [*]) (such consent not to be unreasonably withheld or delayed).
(e) For purposes of [*] (or any similar provision [*]), the Borrower agrees that [*] and in the event the Borrower shall not [*]. Any such [*] pursuant to this Section 5.3(e) shall be [*], provided, however, [*].
(f) The Borrower agrees to provide [*] with [*] then in the possession of the Borrower [*] (so long as [*] as to [*].
(g) The Borrower shall, upon request of [*] ([*]), provide [*].
Concerning the Lease. The Indenture and the rights and privileges of the Trustee and the Holders of the Bonds hereunder are specifically made subject to the rights, options and privileges of the Company under the Lease, and nothing herein contained shall be construed to impair the rights, options and privileges granted to the Company by the Lease. The Board will perform and observe, or cause to be performed and observed, all agreements, covenants, terms and conditions required to be observed and performed by it in the Lease. Without relieving the Board from the consequences hereunder of any default in connection therewith, the Trustee (on behalf of the Board) may perform and observe, or cause to be performed and observed, any such agreement, covenant, term or condition, all to the end that the Board's rights under the Lease may be unimpaired and free from default. The Board will promptly notify the Trustee in writing of (a) the occurrence of any Event of Default by the Company under the Lease (as the term "Event of Default" is used and defined in the Lease), provided that the Board has knowledge of such default, and (b) the giving of any notice of default under the Lease. The Board will also promptly notify the Trustee in writing if, to the knowledge of the Board, the Company fails to perform or observe any of the agreements or covenants on its part contained in the Lease. In the event of any such occurrence of an Event of Default, any such giving of notice of default or any such failure, whether notice thereof is given to the Trustee by the Board, as aforesaid, or whether the Trustee independently has knowledge thereof, the Trustee will promptly give written notice thereof to the Company and shall in such notice expressly require the Company to perform or observe the agreement or covenant with respect to which the Company is delinquent, all to the end that if the Company does not perform or observe such agreement or covenant (or cause such agreement or covenant to be performed or observed) in the manner and within the time provided by the Lease, a default may be declared thereunder without delay. So long as the Lease shall remain in effect the Board will cause the Basic Rent payable thereunder to be paid to the Trustee as provided in the Lease. The Board will not cancel, terminate or modify, or consent to the cancellation, termination or modification of, the Lease
Concerning the Lease. Seller has made no prior assignment of its -------------------- rights under the Lease (except under the Financing Documents), and such interest is owned and held by Seller free from any liens, claims, encumbrances, security interests, set-offs, counterclaims and other defenses (collectively, "Liens"), except for the Liens evidenced by the Financing Documents, the Lease and Liens permitted by the Lease or which Lessee is obligated to discharge under the Lease (collectively, "Permitted Encumbrances"). Seller has not breached any of the provisions of the Lease applicable to Seller. Seller has delivered to Seller true correct and complete copies of the Lease and all amendments thereto, together with all currently effective waivers and consents relating thereto No approval or consent of any governmental body or authority or any other party is necessary for the execution, delivery and performance by Seller of this Agreement, the ▇▇▇▇ of Sale or the Assignment of Lease. Seller is not aware of any existing Event of Default under the Lease, or an event that with the passage of time, the giving of notice, or both, would become an Event of Default. Seller isn'
Concerning the Lease