Consolidation of Lessor Sample Clauses

Consolidation of Lessor. In the event Lessor consolidates with another municipality effective before November 30, 2044 and this Lease is still in effect, the rights and privileges accorded to Lessor’s residents under this Lease shall continue as to those persons residing within the boundaries of the Lessor as they existed as of January 1, 2015. In the event Lessor consolidates with another municipality effective before November 30, 2044 and provided Lessee shall not be in default at the time of exercise and at the time of extension, beyond any applicable cure periods, Lessee shall have the option to extend the term of Lease for one (1) additional extended term of ten (10) years through December 1, 2054. If Lessee elects to exercise this option to extend this Lease, the Lessee shall provide Lessor with written notice of Xxxxxx’s exercise of this option no later than thirty (30) days after the effective date of such consolidation of Lessor. If Lessee fails to provide such notice, Xxxxxx’s option to extend the term shall be null and void. During any such additional extension term, the terms and conditions of this Lease shall remain the same, except as may be otherwise agreed by the parties. In the event Lessor consolidates with another municipality effective before November 30, 2044 and this Lease is still in effect and provided Lessee shall not be in default at the time of exercise and at the time of termination, Lessee shall have the option to terminate this Lease. If Lessee elects to exercise this option to terminate the Lease, the Lessee shall provide Lessor with written notice of Xxxxxx’s exercise of this option at least one year prior to the effective date of such termination.
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Consolidation of Lessor. In the event Lessor consolidates with another municipality effective before November 30, 2044 and this Lease is still in effect, the rights and privileges accorded to Lessor’s residents under this Lease shall continue as to those persons residing within the boundaries of the Lessor as they existed as of January possession of the Premises. Deleted: lease Deleted: personal property Formatted: No underline Formatted: Underline Deleted: that the Deleted: should be consolidated Formatted: Underline Formatted: Underline Deleted: , the reservations of Formatted: Underline Deleted: in favor of the Lessor as enumerated in paragraphs IX, X, and XI Formatted: Underline Deleted: terminate, except that such rights and privileges set forth in paragraphs X and XI shall be binding as to the rights secured thereunder Formatted: Underline Deleted: any individuals Formatted: Underline Deleted: corporate limits of the Village of Shorewood Hills Formatted: Underline Deleted: consolidation or who may subsequently reside in the same area. Upon consolidation, the Formatted: Underline Deleted: this lease may at the option of the Lessee, be Formatted: Underline Deleted: for a period 1, 2015. In the event Lessor consolidates with another municipality effective before November 30, 2044 and provided Lessee shall not be in default at the time of exercise and at the time of extension, beyond any applicable cure periods, Lessee shall have the option to extend the term of Lease for one (1) additional extended term of ten (10) years through December 1, 2054. If Lessee elects to exercise this option to extend this Lease, the Lessee shall provide Lessor with written notice of Lessee’s exercise of this option no
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Consolidation of Lessor. In the event Lessor consolidates with another Formatted: Underline Formatted: No underline
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Consolidation of Lessor. In the event Lessor consolidates with another municipality effective before November 30, 2044 and this Lease is still in effect, the rights and privileges accorded to Lessor’s residents under this Lease shall continue as to those persons residing within the boundaries of the Lessor as they existed as of January 1, 2015. In the event Lessor consolidates with another municipality effective before November 30, 2044 and provided Lessee shall not be in default at the time of exercise and at the time of extension, beyond any applicable cure periods, Lessee shall have the option to extend the term of Lease for one (1) additional extended term of ten (10) years through December 1, 2054. If Lessee elects to exercise this option to extend this Lease, the Lessee shall provide Lessor with written notice of Lessee’s exercise of this option no later than thirty (30) days after the effective date of such consolidation of Lessor. If Lessee fails to provide such notice, Lessee’s option to extend the term shall be null and
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Related to Consolidation of Lessor

  • Merger or Consolidation Section 8.11

  • ROOM CONSOLIDATION Residence assignments shall be consolidated when vacancies occur in any residence facility, to minimize the number of rooms, suites, and/or apartments not at full occupancy. The Student may be required to change residence assignment and move to facilitate room consolidation. Residents in rooms/apartments/suites not at full capacity may be charged additional rent as determined by UCF DHRL.

  • Indemnification of Lessor Lessor shall not be liable for any damage or injury to Lessee, or any other person, or to any property, occurring on the demised premises or any part thereof, and Lessee agrees to hold Lessor harmless from any claims for damages, no matter how caused.

  • Termination of Lease Landlord may terminate Tenant’s interest under the Lease, but no act by Landlord other than notice of termination from Landlord to Tenant shall terminate this Lease. The Lease shall terminate on the date specified in the notice of termination. Upon termination of this Lease, Tenant will remain liable to Landlord for damages in an amount equal to the rent and other sums that would have been owing by Tenant under this Lease for the balance of the Lease term, less the net proceeds, if any, of any re-letting of the Premises by Landlord subsequent to the termination, after deducting all of Landlord’s Reletting Expenses (as defined below). Landlord shall be entitled to either collect damages from Tenant monthly on the days on which rent or other amounts would have been payable under the Lease, or alternatively, Landlord may accelerate Tenant’s obligations under the Lease and recover from Tenant: (i) unpaid rent which had been earned at the time of termination; (ii) the amount by which the unpaid rent which would have been earned after termination until the time of award exceeds the amount of rent loss that Tenant proves could reasonably have been avoided; (iii) the amount by which the unpaid rent for the balance of the term of the Lease after the time of award exceeds the amount of rent loss that Tenant proves could reasonably be avoided (discounting such amount by the discount rate of the Federal Reserve Bank of San Francisco at the time of the award, plus 1%); and (iv) any other amount necessary to compensate Landlord for all the detriment proximately caused by Tenant’s failure to perform its obligations under the Lease, or which in the ordinary course would be likely to result from the Event of Default, including without limitation Reletting Expenses described below.

  • Assignment or Subletting Tenant shall not assign or sublet said premises or allow any other person to occupy the leased premises without Landlord's prior written consent.

  • Formation of LLC THIS OPERATING AGREEMENT (“Agreement”) is entered into on , by the following: Single-Member: _ _, with a mailing address: _ _ (“Member”). The Member in the above-described Limited Liability Company (“LLC”) agrees as follows:

  • MERGER AND CONSOLIDATION The Company will not consolidate with or merge with or into, or convey, transfer or lease all or substantially all its assets to, any Person, unless:

  • Modification of Land Act (2) For the purpose of this Agreement in respect of any land leased to the Company by the State the Land Act shall be deemed to be modified by —

  • SUBORDINATION OF LEASE This Agreement and Tenant's interest hereunder are and shall be subordinate, junior and inferior to any and all mortgages, liens or encumbrances now or hereafter placed on the Premises by Landlord, all advances made under any such mortgages, liens or encumbrances (including, but not limited to, future advances), the interest payable on such mortgages, liens or encumbrances and any and all renewals, extensions or modifications of such mortgages, liens or encumbrances.

  • ASSIGNMENT OR SUBLEASE Lessee may not assign or transfer this Agreement or any interest therein, sublease any interest covered by this Agreement or encumber, hypothecate or otherwise give as security this Agreement or any interest therein without the prior written consent of Lessor, which consent shall not be unreasonably withheld. No assignment, transfer or sublease shall be effective as against Lessor for any purpose unless Lessor shall have consented thereto in writing prior to such assignment, transfer or sublease and unless all sums due from Lessee, together with any costs to Lessor to cover reasonable legal and other expenses of Lessor in connection with such assignment, transfer or sublease, shall have been paid to Lessor. Each and every attempt to assign, transfer, sublease, encumber or hypothecate this Agreement or any interest therein in a manner contrary to that set forth herein may be deemed a default by Lessee hereunder. Lessor's consent to one assignment, transfer or sublease by Lessee or acceptance of performance from an assignee, transferee or sublessee shall not be deemed a waiver by Lessor of the restrictions of this paragraph as to subsequent attempts to assign, transfer or sublease by Lessee or Lessee's heirs, successors, assigns, transfers or sublessees. As used herein, the terms Lessor and Lessee shall be deemed to include their respective heirs, successors, assigns, transferees and sublessees. The terms, conditions and covenants contained in this Agreement shall apply to, inure to the benefit of and be binding upon the parties hereto and their respective heirs, successors. assigns, transferees and sublessees. Nothing contained herein shall limit Lessor's right to transfer and/or assign in any manner whatsoever, in whole or in part, all of its rights and obligations hereunder and in the Site, and in such event Lessor shall be released from any further obligations hereunder and the successor-in-interest of Lessor shall have all the rights and obligations hereunder and in the Site with respect to Lessee.

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