Lease Assumption. Purchaser hereby: (a) Acknowledges that (i) the Company operates from Premises situated at 1▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇ (the “Premises”), which are owned by The E▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ Non-Exempt Trust & the L▇▇▇▇▇ ▇▇▇▇▇▇▇▇ Trust (“Owner”), and (ii) Owner leases the Premises to Seller pursuant to a Standard Industrial/Commercial Multi-Tenant Lease – Gross dated August 26, 2009 (the “Lease”); and (b) Agrees that at the Closing, Seller shall assign the Lease to the Company and Purchaser shall cause the Company to assume the Lease and cause the Company to pay, prior to delinquency, all amounts coming due under the Lease with respect to all periods after the Closing.
Appears in 2 contracts
Sources: Stock Purchase Agreement (Osl Holdings, Inc.), Stock Purchase Agreement (Osl Holdings, Inc.)