CORPORATE LEASES Sample Clauses

CORPORATE LEASES. In the event the Tenant hereunder is a corporation, the persons executing this Lease on behalf of the Tenant hereby covenant and warrant that: (i) they have full right and authority to bind the corporation; (ii) the Tenant is a duly constituted corporation qualified to do business in the State; (iii) all Tenant’s franchise and corporate taxes have been paid to date; (iv) all future forms, reports, fees and other documents necessary for Tenant to comply with applicable laws shall be filed by Tenant when due; and, (v) such persons are duly authorized by the governing body of such corporation to execute and deliver this Lease on behalf of the corporation.
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CORPORATE LEASES. A corporate lease is a written contractual obligation of KIC which is entered into for a purpose in furtherance of Network operations. For a corporate lease to qualify for risk capital treatment, it must be a written obligation for a set non-negotiable period of time with no provision for termination at will within the period of set obligation. For the purpose of computing return on investment of a corporate lease, the value of the lease will be based on the amount of remaining obligation. All risk capital of KIC in excess of $500,000 total shall be subject to the express written approval of INK.
Sample 1
CORPORATE LEASES. Any lease a) which allows a person or entity other than the leasee to occupy the unit, and b) is not on the form of Seller’s standard tenant lease delivered to Purchaser as part of the Property Materials (a “Corporate Lease”), must be approved by Purchaser in advance, which approval will not be unreasonably withheld conditioned or delayed, provided that Purchaser may reasonably disapprove any Corporate Lease if i) there are twenty-seven (27) or more units under Corporate Leases as of the date Seller requests approval of a new Corporate Lease, ii) if the credit quality of the prospective corporate tenant is substandard, or iii) if such new Corporate Lease would cause there to be a high concentration of Lease expirations.
Sample 1
CORPORATE LEASES. Acquisition Sub and IVonyx shall enter into a ---------------- mutually acceptable sublease agreement for the use by Acquisition Sub of the premises covered by the Corporate Leases following the closing date for a mutually agreed-upon period."
Sample 1

Related to CORPORATE LEASES

  • Leases The Property is not subject to any Leases other than the Leases described in the certified rent roll delivered to Lender in connection with the closing of the Loan (the “Certified Rent Roll”), which rent roll is true, complete and accurate in all respects as of the Closing Date. Borrower is the owner and lessor of landlord’s interest in the Leases. No Person has any possessory interest in the Property or right to occupy the same except under and pursuant to the provisions of the Leases. The current Leases are in full force and effect, and, to Borrower’s knowledge after due inquiry, there are no defaults thereunder by either party and there are no conditions that, with the passage of time or the giving of notice, or both, would constitute defaults thereunder. No Rent has been paid more than one (1) month in advance of its due date. All security deposits are held by Borrower in accordance with applicable law. All work to be performed by Borrower under each Lease has been performed as required and has been accepted by the applicable Tenant, and any payments, free rent, partial rent, rebate of rent or other payments, credits, allowances or abatements required to be given by Borrower to any Tenant has already been received by such Tenant. There has been no prior sale, transfer or assignment, hypothecation or pledge of any Lease or of the Rents received therein which is outstanding. To Borrower’s knowledge after due inquiry, no Tenant listed on the Certified Rent Roll has assigned its Lease or sublet all or any portion of the premises demised thereby, no such Tenant holds its leased premises under assignment or sublease, nor does anyone except such Tenant and its employees occupy such leased premises. Except as disclosed to Lender in writing, no Tenant under any Lease has a right or option pursuant to such Lease or otherwise to purchase all or any part of the leased premises or the building of which the leased premises are a part. No Tenant under any Lease has any right or option for additional space in the Improvements.

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