Land Lease Agreements Sample Clauses

Land Lease Agreements. 5.7.1 The SPVs have the capacity and the necessary power to enter into and be bound by each of the relevant Land Lease Agreements (as the case may be) and to exercise their rights and perform their obligations under each of them.
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Land Lease Agreements. Marisana shall, and each Obligor shall procure and ensure that Marisana (after it has become a party to the Land Lease Agreement) shall:
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Land Lease Agreements. Flowermills shall, and each Obligor shall procure and ensure that Flowermills (after it has become a party to the Land Lease Agreement) shall:
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Land Lease Agreements. The Borrower shall pay and discharge promptly all taxes, assessments and governmental charges or levies imposed upon it or in respect of its property before the imposition of any penalty, as well as all lawful claims for labor, materials, supplies or other matters which, if unpaid, might become a Lien or charge upon such properties or any part thereof; provided, however, that the Borrower shall not -------- ------- be required to pay and discharge or cause to be paid and discharged any such tax, assessment, charge, levy or claim so long as (a) the validity thereof is being contested diligently and in good faith by appropriate proceedings and the enforcement thereof is stayed, pending the outcome of such proceedings, (b) the Borrower has set aside on its books adequate reserves (to the extent required by GAAP or sound business practice) with respect thereto, and (c) such contest will not endanger the Lien of the Agent or the Banks in any of the Borrower's assets.
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Land Lease Agreements. What is a land lease agreement? A land lease agreement is also known as a ground lease agreement and it alows the tenant to use the land owned by a landlord in exchange for a defined amount of rent. These agreements are similar to the manner standard property leases work where the tenants may enter into commercial and residential agreements. Generaly, most leases don’t have structures and the tenant can build a temporary structure that he pays for on his own. But under some arrangements agreed upon by both parties, the tenant can build permanent structures. In some land lease cases though, there could already be structures that the tenant can use. Farm Land Lease Agreements. When to use a land lease agreement? Even if the landlord and the tenant are in the best of terms, a land lease agreement should proceed with the relationship. Word of mouth or handshakes are not enough. Having an agreement binds both parties to the terms of the agreement and either party could become liable if there is a breach in the terms of the agreement in the future. With this in place, the landlord may now set his expectations for the tenant. The tenant would accept such expectations when he signs the agreement. The tenant may construct structures on the landlord’s property with the latter’s permission as stipulated in the agreement. There should be no argument there and, as a matter of fact, the agreement provides several benefits for the parties involved. You can apply a simple land lease agreement if you own vacant land and an interested tenant. Simple Land Lease Agreements. Elements of a land lease agreement. A land lease agreement exists between two parties, one who wil utilize the land (tenant) and the other who owns the land (landlord). The tenant can use the land as per the agreement for either agricultural, recreational or commercial purposes. When making the agreement, make sure that the expectations and responsibilities of both parties are clearly defined so that there wil be no confusion between the contractual parties about how the tenant wil use and manage the land. Here are the elements of such an agreement: Details of the land Be specific as you can about the description of the land in the agreement. Here, include the total amount of acreage that the landlord owns and if the lessee wil use less than that amount, it should specify the portions that the lessee plans to occupy. It’s important to clearly delineate the property’s boundaries to eliminate future confusio...
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Related to Land Lease Agreements

  • Lease Agreements 13.1 The Customer shall provide FPL a copy of the lease agreement, as applicable, for any and all leased interconnection equipment.

  • Lease Agreement On the terms stated in this Lease, Landlord leases the Premises to Tenant, and Tenant leases the Premises from Landlord, for the Term beginning on the Commencement Date and ending on the Termination Date unless extended or sooner terminated pursuant to this Lease.

  • Ground Lease Reserved.

  • Ground Leases For purposes of this Exhibit C, a “Ground Lease” shall mean a lease creating a leasehold estate in real property where the fee owner as the ground lessor conveys for a term or terms of years its entire interest in the land and buildings and other improvements, if any, comprising the premises demised under such lease to the ground lessee (who may, in certain circumstances, own the building and improvements on the land), subject to the reversionary interest of the ground lessor as fee owner. With respect to any Mortgage Loan where the Mortgage Loan is secured by a Ground Leasehold estate in whole or in part, and the related Mortgage does not also encumber the related lessor’s fee interest in such Mortgaged Property, based upon the terms of the Ground Lease and any estoppel or other agreement received from the ground lessor in favor of Mortgage Loan Seller, its successors and assigns (collectively, the “Ground Lease and Related Documents”), Mortgage Loan Seller represents and warrants that:

  • Operating Leases Not permit the aggregate amount of all rental payments under Operating Leases made (or scheduled to be made) by the Loan Parties (on a consolidated basis) to exceed $1,000,000 in any Fiscal Year.

  • New Leases Continue its present rental program and efforts at such Seller’s Property to rent vacant space in accordance with past practices; provided that, without the prior written consent of the Buyer, which consent may be granted or withheld in the Buyer’s sole discretion, such Seller shall not (i) execute any new lease, license or other occupancy agreement, (ii) amend, supplement, terminate, accept the surrender of, renew or otherwise modify any existing Lease, (iii) approve any assignment or sublease of any existing Lease, or (iv) waive any right or obligation thereunder; provided, however, that, in the case of any amendment, supplement, termination, surrender, renewal or modification of any existing Lease as set forth in clause (ii) above, if such existing Lease expressly and specifically sets forth the terms of any such amendment, supplement, termination, surrender, renewal or modification and requires the landlord under the Lease to acknowledge or counter-sign the same, in which case, the Buyer’s consent shall not be required, but Seller shall provide the Buyer with written notice of (and to the extent such amendment, supplement or modification modifies the rental terms of such Lease which rental amount is not specifically stated in such Lease, the Buyer shall have an opportunity to review and comment upon) such amendment, supplement, termination, surrender, renewal or modification at least five (5) Business Days prior to the date of execution. If such Seller enters into any new lease, license or other occupancy agreement, or renews any existing Lease (each such new lease, license, occupancy agreement and renewal, a “New Lease”) after the date hereof in accordance with the terms of this Section 3.2(d), then each such lease, license, occupancy agreement and renewal shall be included in the definition of “Leases” herein and added to Schedule 3.2(c) attached hereto, shall be assigned to and assumed by the Buyer at the Closing in accordance with this Agreement. If the Buyer does not reject or approve a new lease, license, occupancy agreement, renewal or a Lease amendment within five (5) Business Days after receipt of a copy thereof, then the Buyer shall be deemed to have approved such new lease, license, occupancy agreement, renewal or Lease amendment; provided that such notice includes specific reference to this Section 3.3(d) and the deemed approval provision hereof.

  • Space Leases (i) Borrower has delivered a true, correct and complete schedule of all Space Leases as of the date hereof, which accurately and completely sets forth in all material respects, for each such Space Lease, the following (collectively, the “Rent Roll”): the name and address of the tenant with the name, title and telephone number of the contact person of such tenant; the lease expiration date, extension and renewal provisions; the base rent and percentage rent payable; all additional rent and pass-through obligations; and the security deposit held thereunder and the location of such deposit.

  • Supplemental Lease Agreement No 2, dated January 4, 2004, by and between Hub Acquisition Trust (“Owner/Lessor”) and the United States of America (“Government/Lessee”).

  • Existing Leases To Seller’s knowledge, (i) other than the Leases listed in the Rent Roll, Seller has not entered into any contract or agreement with respect to the occupancy of the Property or any portion or portions thereof which will be binding on Purchaser after the Closing; (ii) the copies of the Leases heretofore delivered by Seller to Purchaser are true, correct and complete copies thereof; and (iii) the Leases have not been amended except as evidenced by amendments similarly delivered and constitute the entire agreement between Seller and the tenants thereunder.

  • Real Property Leases Section 2.12 of the Disclosure Schedule lists all Leases and lists the term of such Lease, any extension and expansion options, and the rent payable thereunder. The Company has delivered to the Buyer complete and accurate copies of the Leases. With respect to each Lease:

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