Common use of Form of Lease Clause in Contracts

Form of Lease. At the Closing, the FCRHA and One University shall enter into the Ground Lease, which will be substantially in the form attached hereto as Exhibit C and made a part hereof except to the extent that any terms and conditions are no longer applicable or are otherwise invalid or unenforceable under Xxxxxxxx xxxx as of the Closing Date (as defined in Section 7.1 below) or as otherwise mutually agreed to by the FCRHA and One University. Promptly after delivery of the Option Notice, to the extent necessary, the Parties shall meet in good faith to determine if any modifications are necessary to the proposed Ground Lease to reflect any new, or otherwise unanticipated, circumstances regarding the Ground Lease Premises, financing of the Project, or any changes in Virginia law that make any term or provision of the proposed Ground Lease invalid or unenforceable.

Appears in 2 contracts

Samples: Ground Lease, Ground Lease

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Form of Lease. At the Closing, the FCRHA and One University CHPPENN shall enter into the Ground Lease, which will be substantially in the form of Schedule 1 attached hereto as Exhibit C and made a part hereof except to the extent that any terms and conditions are no longer applicable or are otherwise invalid or unenforceable under Xxxxxxxx xxxx as of the Closing Date (as defined in Section 7.1 below) or as otherwise mutually agreed to by the FCRHA and One UniversityCHPPENN. Promptly after delivery of the Option Notice, to the extent necessary, the Parties shall meet in good faith to determine if any modifications are necessary to the proposed Ground Lease to reflect either any new, or otherwise unanticipated, circumstances regarding the Ground Lease Premises, financing of the Project, Project or any changes in Virginia law that make any term or provision of the proposed Ground Lease invalid or unenforceable.

Appears in 1 contract

Samples: Ground Lease

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Form of Lease. At the Closing, the FCRHA and One University shall enter into the Ground Lease, which will be substantially in the form attached hereto as Exhibit C and made a part hereof except to the extent that any terms and conditions are no longer applicable or are otherwise invalid or unenforceable under Xxxxxxxx xxxx as of the Closing Date (as defined in Section 7.1 below) or as otherwise mutually agreed to by the FCRHA and One University. Promptly after delivery of the Option Notice, to the extent necessary, the Parties shall meet in good faith to determine if any modifications are necessary to the proposed Ground Lease to reflect any new, or otherwise unanticipated, circumstances regarding the Ground Lease PremisesXxxxx Xxxxxxxx, financing of the Project, or any changes in Virginia law that make any term or provision of the proposed Ground Lease invalid or unenforceable.

Appears in 1 contract

Samples: Ground Lease

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