EXISTING LEASE OBLIGATION Sample Clauses

EXISTING LEASE OBLIGATION. Upon commencement, Landlord will assume Tenant's (Ace Hardware's) existing lease obligation at 0000 Xxxx 00 xx Xxxxx, Xxxxxxx, Xxxxxxxx through May 31, 2002 at a cost of $22,858.44 per month, with a maximum aggregate cost of $ 68,575.32 . Tenant represents to Landlord that its existing lease obligation is, in fact, at least $20,000 per month. Dated: Landlord: Summit Terminal, LLC Tenant: By: Xxxxx & Xxxxx Properties, LLC Ace Hardware Corporation 000 X. Xxxxx Xxxxxxx 0000 Xxxxxxxxxx Xxxxx Xxxxx 000 Xxx Xxxxx, XX 00000-0000 Xxxxxxxxxx, XX 00000 By: By: Xxxxx Xxxx Its: Member Its: Sr. V.P., Retail Support & Logistics EXHIBIT B Landlord's Work for Ace Hardware Corporation Landlord, at its expense except where noted, shall substantially complete the construction of the following improvements: 1.
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EXISTING LEASE OBLIGATION. Upon commencement, Landlord will assume Tenant's (Ace Hardware's) existing lease obligation at 0000 Xxxx 00 xx Xxxxx, Xxxxxxx, Xxxxxxxx through May 31, 2002 at a cost of $22,858.44 per month, with a maximum aggregate cost of $ 68,575.32 . Tenant represents to Landlord that its existing lease obligation is, in fact, at least $20,000 per month. Dated: Landlord: Summit Terminal, LLC
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EXISTING LEASE OBLIGATION. The term of Tenant's existing lease with Landlord dated February 5, 1992 ('Existing Lease") for Suite 470 ("Existing Space"), effective upon the mutual execution of this Amendment, shall be extended at $1.40 per rentable square foot per month until the commencement of the Additional Premises Term, at which time the Existing Lease shall terminate and Tenant shall vacate and surrender the Existing Space to Landlord in the same condition as when Tenant took possession of the Existing Space, with the exception of reasonable wear and tear.
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EXISTING LEASE OBLIGATION. Tenant's Lease dated October 4, 1990, by and between Doral Corporate Plaza Associates Limited Partnership, A Florida Limited Partnership, as landlord, and Xxxxxxxx Bank, N.A., as tenant, shall terminate upon the Commencement Date. In addition, Landlord shall terminate the Lease by and between Doral Corporate Plaza Associates Limited Partnership, a Florida Limited Partnership as landlord, and Business Traveler Advisor, Inc. (the "Subtenant"), as tenant, dated July 15, 1991, effective on the Commencement Date. Landlord acknowledges that Tenant intends to enter into a sublease with the Subtenant with respect to the space currently occupied by the Subtenant, and Landlord hereby approves such subtenant and such sublease, subject to the provisions of Paragraph 19 herein.
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EXISTING LEASE OBLIGATION. Upon the happening of all of: (i) the occurrence of the Commencement Date; (ii) Lessee accepting possession of the Premises; (iii) Lessee paying to Lessor the first month's monthly base rental; and (iv) Lessee paying to Lessor the security deposit provided for in PARAGRAPH 5, Lessor shall reimburse Lessee in the amount of $25,000 as and for all or a portion of Lessee's required payment to its existing landlord at Midpoint Business Plaza.
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EXISTING LEASE OBLIGATION. Notwithstanding anything to the contrary contained herein, Landlord and Tenant acknowledge that the premises are currently leased by AmeriSource Corporation. Landlord and AmeriSource are negotiating a Lease Termination Agreement for the Premises under which the AmeriSource Lease would terminate on June 16, 2000. If Landlord and AmeriSource do not execute a Lease Termination Agreement by April 15, 2000, or AmeriSource executes said Lease Termination Agreement by April 15, 2000, but does not vacate the Premises on or before June 16, 2000, Landlord shall notify Tenant when the Premises will first become available for occupancy ("Occupancy Date") and take possession of the Premises should the Occupancy Date be prior to August 31, 2000. If Landlord is unable to provide Tenant possession prior to August 31, 2000, Tenant may terminate ("Termination Option") this Agreement upon fifteen (15) days written notice to Landlord. This Termination Option shall expire on August 31, 2000. In the event this agreement is terminated, then neither party shall have any further rights or obligations under this agreement.
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EXISTING LEASE OBLIGATION. At the commencement of this lease, Tenant's total existing lease obligation to Forum Properties will total $50,984.50 (the "Existing Space"). Any leasing activity with regard to the Existing Space that reduces Tenant's lease obligation below $40,000.00 shall be credited to Landlord. Notwithstanding, Landlord's reimbursement to Tenant shall not be less than $20,000.00.
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EXISTING LEASE OBLIGATION. To offset Tenant’s existing lease obligation which expires June 30, 2001, Landlord agrees to pay Tenant a Lump Sum Payment equal to $100,000 at the onset of the Lease Term to be applied towards this existing lease obligation or any other expenses applicable to the relocation of Tenant’s offices.
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Related to EXISTING LEASE OBLIGATION

  • Capital Lease Obligations With respect to any Person, the obligations of such Person to pay rent or other amounts under any Capitalized Lease.

  • Recourse Obligations The Mortgage Loan documents for each Mortgage Loan (a) provide that such Mortgage Loan becomes full recourse to the Mortgagor and guarantor (which is a natural person or persons, or an entity or entities distinct from the Mortgagor (but may be affiliated with the Mortgagor) that collectively, as of the date of origination of the related Mortgage Loan, have assets other than equity in the related Mortgaged Property that are not de minimis) in any of the following events (or negotiated provisions of substantially similar effect): (i) if any petition for bankruptcy, insolvency, dissolution or liquidation pursuant to federal bankruptcy law, or any similar federal or state law, shall be filed by, consented to, or acquiesced in by, the Mortgagor; (ii) the Mortgagor or guarantor shall have solicited or caused to be solicited petitioning creditors to cause an involuntary bankruptcy filing with respect to the Mortgagor or (iii) voluntary transfers of either the Mortgaged Property or controlling equity interests in the Mortgagor made in violation of the Mortgage Loan documents; and (b) contains provisions for recourse against the Mortgagor and guarantor (which is a natural person or persons, or an entity or entities distinct from the Mortgagor (but may be affiliated with the Mortgagor) that collectively, as of the date of origination of the related Mortgage Loan, have assets other than equity in the related Mortgaged Property that are not de minimis), for losses and damages resulting from the following (or negotiated provisions of substantially similar effect): (i) the Mortgagor’s misappropriation of rents after an event of default, security deposits, insurance proceeds, or condemnation awards; (ii) the Mortgagor’s fraud or intentional material misrepresentation; (iii) breaches of the environmental covenants in the Mortgage Loan documents; or (iv) the Mortgagor’s commission of intentional material physical waste at the Mortgaged Property (but, in some cases, only to the extent there is sufficient cash flow generated by the related Mortgaged Property to prevent such waste).

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