Initial Transition. Simultaneously with the execution of this Lease, Lessee shall acquire for fair market value from the contributor of the Leased Property to Lessor all deposits, prepaid revenue and similar accounts, and Inventory existing at or with respect to the Leased Property as of the Commencement Date. ARTICLE ------- 2
Initial Transition. ARTICLE 2....................................................................... 2.1. Definitions....................................................... ARTICLE 3....................................................................... 3.1. Rent.............................................................. 3.2.
Initial Transition. (a) Upon the Commencement Date and pursuant to a separate Assignment and Assumption Agreement, Lessor or the prior owner of the Leased Property shall transfer and assign to Lessee, and Lessee shall assume, all occupancy agreements and operating agreements to which the Leased Property remains subject on the Commencement Date.
Initial Transition. As of the Commencement Date: (i) Manager shall in consultation with City and until each of the following agreements are terminated by City (notice of such terminations to be given to the respective party by City (1) within ten (10) Business Days of Manager’s written request to the City that it terminate one or both of such agreements; or (2) if no such request has been made by Manager, in a timely manner so that such termination will be effective on June 30, 2019), represent the interests of City with respect to the certain Property Management Agreement between City and LPC Transit Management LLC (“LPC”) dated December 17, 2013, as amended (the “LPC Agreement”) and represent the interests of City with respect to the certain Major Maintenance Agreement between City and ABM Onsite Services-West, Inc. (“ABM”) dated July 26, 2017 and August 29, 2017 (“MMA”) and (ii) Manager shall in consultation with City and unless and until such agreements are terminated according to their respective terms, represent the interest of City with respect to the leases and other contracts listed on Schedule 3 (the “Delegated Agreements”). Subject to the foregoing, Manager has the authority to maintain, modify, and/or terminate (in accordance with the express terms of each) the Delegated Agreements. City has provided to Manager, prior to the date hereof, copies of all Delegated Agreements and all Property Agreements, together with a rent roll (setting forth the names of all tenants, the amount of security deposits, if any, current rents, all delinquencies, the date rent was last paid and balances due, if any) and Manager shall be responsible to obtain from LPC all books, records, status of any litigation (including unlawful detainers), and operating data with respect to the Property to which City is entitled under the LPC Agreement or otherwise possesses, including, without limitation, as built plans and specifications (if available), maintenance work records, service provider agreements and contact information. customer records, financial and accounting records, correspondence, budgets and other similar documents, property and casualty insurance contracts and current broker contacts. City shall cooperate with LPC to provide to Manager any keys, access codes, combinations, and the like to the ARTIC Site in City’s possession and control, if any.
Initial Transition. To assist employees with the initial transition to the telework requirements of the MLA, employees will have 90 calendar days from the effective date of the MLA to execute a revised telework agreement. If the number of days on an employee’s current agreement is not affected by the new MLA telework requirements, employees are not required to submit a new agreement.
Initial Transition. 3 ARTICLE II DEFINITIONS..............................................................................................3 2.1 Definitions............................................................................3 ARTICLE III
Initial Transition. (a) Lessee has assumed or shall assume all occupancy agreements and operating agreements to which the Leased Property remains subject on the Commencement Date.
Initial Transition. In order to effect a smooth transition from construction to operations, Manager shall work in cooperation with City’s representatives, City’s Contractor and Construction Manager, as well as the MM Provider to implement the Transition Plan set forth in Schedule 1. During the term of effectiveness of the Transition Plan (“Transition Period”), Manager shall perform the duties, responsibilities and obligations set forth in the Transition Plan, and as otherwise directed by City. Upon final completion of construction of the ARTIC Facility, as evidenced by issuance of the final certificate of occupancy for the ARTIC Facility, or as otherwise set forth in the Transition Plan, Manager shall perform all Services described in this Agreement, in accordance with all terms and provisions hereof. The Transition Plan shall also set forth the compensation to be paid by City to Manager during the Transition Period. During the Transition Period, Manager shall prepare and submit to City for review, comment and approval each of the “Manager Reports” described in Schedule 12 attached hereto. Upon completion of each Manager Report and subject to City approval thereof, all such Manager Report(s) shall be incorporated herein and shall be deemed to set forth substantive Manager requirements and obligations under this Agreement. In the event of any conflict between the Transition Plan or any Manager Report(s), on one hand, and this Agreement, on the other hand, the Transition Plan and/or such Manager Report(s) shall control if and to the extent such deviations from the Agreement are specifically noted in such plans and/or reports. To the extent not noted as a specific deviation in the Transition Plan and/or Manager Report(s), language in the Transition Plan and/or Manager Report(s) that conflicts with this Agreement shall not apply. Notwithstanding that this Agreement, the Transition Plan and Manager Report(s) may have different requirements, Manager shall be obligated to comply with this Agreement, the Transition Plan and all Manager Report(s) to the extent compliance with all such documents is possible.
Initial Transition. Customer will provide Sprint with a timetable to transition services from Customer’s existing provider to the Services to be provided by Sprint. Provided such timetable is consistent with the installation Service Levels, Sprint will transition such services to the Services in accordance with such timetable and will pay such remedies as set forth in the applicable Service Level Agreements if it fails to meet it.
Initial Transition. Simultaneously with the execution of this Lease, (i) an Affiliate of Lessee has agreed to deliver to Lessee, in immediately available funds, a sum equal to the amount of all deposits, prepaid revenue and similar accounts existing at or with respect to the Leased Property as of the Commencement Date, and in consideration of entering into this Lease, Lessee shall be entitled to retain all such cash and other accounts for its own use and (ii) Lessee shall acquire for fair market value from Lessor or the contributor of the Leased Property to Lessor all of the Inventory existing at the Leased Property.
