Lease Conditions. If the Real Estate Transaction is for the lease of the Property, the following conditions shall apply:
Lease Conditions. This Lease and Landlord’s and Tenant’s rights and obligations hereunder are expressly subject to and conditioned on (collectively, the “Lease Conditions”) the parties’ consummation of the Separation and Distribution Agreement and the Real Estate Matters Agreement, which the parties anticipate will occur on August 1, 2014. Subject to and conditioned on the satisfaction of the Lease Conditions, Tenant hereby leases from Landlord, and Landlord hereby leases to Tenant, the Premises upon the terms and conditions set forth herein. In connection with its use of the Premises, Tenant shall also have the non-exclusive right to use, subject to Landlord’s reasonable rules and regulations, the hallways, stairways, restrooms, kitchens, break rooms, loading dock and other areas of the Project that may be reasonably necessary for Tenant’s use of the Premises (the “Shared Areas”), as shown on Exhibit A hereto.
Lease Conditions. To the actual knowledge of Seller, with respect to each of the Leases in respect of the Xxxxxx Ranch (being the Leases designated as 900-002 and 900-003 in Exhibit ”A” to this Agreement), (a) Seller has at all material times during the period that Seller has been a lessee under those Leases complied in all material respects with, and is presently in compliance in all material respects with, all continuous drilling obligations set forth in Section 11 of Exhibit A of such Leases and (b) Seller has not received any written notice from any lessor under either such Lease that such Lease is subject to termination for breach of such continuous drilling obligations.
Lease Conditions. The Administrative Agent shall have received evidence that short form leases or lease memoranda shall have been duly recorded in the local real estate records, with respect to each Mortgaged Property constituting a leasehold interest. The Administrative Agent shall have received with respect to those Mortgaged Properties consisting of leaseholds so designated by the Administrative Agent, copies of valid, binding and enforceable lease amendments or landlord agreements in form and content reasonably acceptable to the Administrative Agent, conferring on the Administrative Agent rights of default notice, cure opportunity and such other leasehold lender protections as the Administrative Agent may reasonably require. Notwithstanding the foregoing provisions of this paragraph (s), the Borrower shall not be required to take the actions described in this paragraph (s) in respect of any Mortgaged Property until such property is required to be mortgaged pursuant to Section 6.14.
Lease Conditions. Tenant and Lender agree that this Agreement satisfies any and all conditions or requirements in the Lease relating to the subordination of the Lease to the Mortgage and the granting of a nondisturbance agreement to Tenant by Lender. Any noncompliance with such conditions is hereby waived. Tenant and Lender further agree that in the event that there is any inconsistency between the terms and provisions hereof and the terms and provisions of the Lease dealing with the nondisturbance by Lender, the terms and provisions hereof shall be controlling.
Lease Conditions. The Administrative Agent shall have received evidence that short form leases or lease memoranda shall have been duly recorded in the local real estate records, with respect to each Mortgaged Property constituting a leasehold interest (other than the Rockville Town Center 13 lease and other than the Post-Closing Mortgaged Properties). The Administrative Agent shall have received with respect to those Mortgaged Properties (other than the Post-Closing Mortgaged Properties) consisting of leaseholds so designated by the Administrative Agent, copies of valid, binding and enforceable lease amendments in form and content reasonably acceptable to Administrative Agent, conferring on Administrative Agent rights of default notice, cure opportunity and such other leasehold lender protections as Administrative Agent may reasonably require
Lease Conditions. The Purchaser may lease an Aircraft to a third party provided (a) the proposed lessee is a solvent party with the required credentials to be a credible operator of the aircraft, (b) such lease or any related financing does not impose any greater liability, obligation or cost to the Seller at the time of such lease /related financing and (c) the Purchaser shall reimburse any reasonable external costs (including legal to the Seller) connected with the lease. Strictly Private & Confidential
Lease Conditions. If the Real Estate Transaction is for the lease of the Property, the following conditions shall apply: Late Rent. If the Lessee fails to pay the Base Rent for more than 15 days after it is due, a late fee of Fifteen Dollars ($15) may be charged each day until the overdue amount is paid. Security Deposit. A security deposit in the amount of Two Thousand Dollars ($2,000) shall be due prior to or upon the signing of a lease.
Lease Conditions. The Premises are leased subject to the following conditions:
Lease Conditions. This Lease is conditioned upon the prior approval of Lessor’s City Council and Lessee obtaining a Conditional Use Permit, as well as any other zoning or building permits that may be required for Lessee’s use of the Leased Space. In the event Lessor’s City Council does not grant its prior approval of this Lease, said Lease will not come into effect and the parties shall not have any duties, rights, or obligations hereunder. In the event Lessee fails to obtain a Conditional Use Permit, or any other zoning or building permits that may be required for Lessee’s use of the Leased Space, this Lease and the parties’ duties, rights, and obligations hereunder will terminate. Lessee shall exercise due diligence to complete such applications and follow any necessary procedures in a timely and proper manner. Lessor shall not unreasonably withhold approval of Lessee’s applications for a Conditional Use Permit or any other required zoning or building permits.
