Common use of Lease Requirements Clause in Contracts

Lease Requirements. 11.1 Reference is made to that certain Lease Agreement dated December 1, 2019, between Xxxxx X. Salt, as Trustee of Building 710 Land Trust, and Grantee, as Tenant (the “Lease”). Grantee represents and warrants to the CRA that: (a) the Lease is a bona fide arm’s length Lease; (b) the Lease is in full force and effect; (c) the copy of the Lease provided to the CRA by the Grantee is a true, complete, and correct copy thereof; (d) neither Grantee or Landlord is in default of its respective obligations thereunder; (e) there has been no sublease, license, concession, or other agreement, written or oral, with respect to the premises (as defined in the Lease) and (f) Grantee has not assigned, transferred, conveyed, mortgaged, hypothecated, deeded in trust, or encumbered the Lease, and shall not mortgage or otherwise hypothecate the Lease without the prior written consent of the CRA. In the event the Lease is terminated, assigned (in whole or in part) or there is a sublease of the premises (in whole or in part) during the term of this Agreement or during the five (5) year period following completion of the Project, such shall be considered a material default of this Agreement and all funding or Grant disbursements shall immediately terminate and the Grantee agrees to immediately pay to the CRA one hundred percent (100%) of the Grant received through the Program. Grantee agrees to simultaneously provide the CRA with copies of any correspondence alleging a default by either party or both under the Lease, as well as any correspondence terminating the Lease.

Lease Requirements. 11.1 Reference is made to that certain Commercial Lease Agreement dated December 1, 2019, November 2020 between Esper Xxxxx X. SaltXxxxxx LLC, as Trustee of Building 710 Land TrustLandlord, and Grantee, as Tenant (the “Lease”). Grantee represents and warrants to the CRA that: (a) the Lease is a bona fide arm’s length Lease; (b) the Lease is in full force and effect; (c) the copy of the Lease provided to the CRA by the Grantee is a true, complete, and correct copy thereof; (d) neither Grantee or Landlord is in default of its respective obligations thereunder; (e) there has been no sublease, license, concession, or other agreement, written or oral, with respect to the premises (as defined in the Lease) and (f) Grantee has not assigned, transferred, conveyed, mortgaged, hypothecated, deeded in trust, or encumbered the Lease, and shall not mortgage or otherwise hypothecate the Lease without the prior written consent of the CRA. In the event the Lease is terminated, assigned (in whole or in part) or there is a sublease of the premises (in whole or in part) during the term of this Agreement or during the five (5) year period following completion of the Project, such shall be considered a material default of this Agreement and all funding or Grant disbursements shall immediately terminate and the Grantee agrees to immediately pay to the CRA one hundred percent (100%) of the Grant received through the Program. Grantee agrees to simultaneously provide the CRA with copies of any correspondence alleging a default by either party or both under the Lease, as well as any correspondence terminating the Lease.

Lease Requirements. 11.1 Reference is made to that certain Commercial Triple Net Lease Agreement dated December 1June 18, 2019, between Xxxxx X. SaltUrban Investors 12200 LLC, as Trustee of Building 710 Land TrustLandlord, and Grantee, as Tenant (the “Lease”). Grantee represents and warrants to the CRA that: (a) the Lease is a bona fide arm’s length Lease; (b) the Lease is in full force and effect; (c) the copy of the Lease provided to the CRA by the Grantee is a true, complete, and correct copy thereof; (d) neither Grantee or Landlord is in default of its respective obligations thereunder; (e) there has been no sublease, license, concession, or other agreement, written or oral, with respect to the premises (as defined in the Lease) and (f) Grantee has not assigned, transferred, conveyed, mortgaged, hypothecated, deeded in trust, or encumbered the Lease, and shall not mortgage or otherwise hypothecate the Lease without the prior written consent of the CRA. In the event the Lease is terminated, assigned (in whole or in part) or there is a sublease of the premises (in whole or in part) during the term of this Agreement or during the five (5) year period following completion of the Project, such shall be considered a material default of this Agreement and all funding or Grant disbursements shall immediately terminate and the Grantee agrees to immediately pay to the CRA one hundred percent (100%) of the Grant received through the Program. Grantee agrees to simultaneously provide the CRA with copies of any correspondence alleging a default by either party or both under the Lease, as well as any correspondence terminating the Lease.

Lease Requirements. 11.1 Reference is made to that certain Lease Agreement dated December May 1, 20192017, between Xxxxx X. Saltand Xxxxxxx Xxxxxxxxxx, as Trustee of Building 710 Land TrustLandlord, and Grantee, as Tenant (the “Lease”). Grantee represents and warrants to the CRA that: (a) the Lease is a bona fide arm’s length Lease; (b) the Lease is in full force and effect; (c) the copy of the Lease provided to the CRA by the Grantee is a true, complete, and correct copy thereof; (d) neither Grantee or Landlord is in default of its respective obligations thereunder; (e) there has been no sublease, license, concession, or other agreement, written or oral, with respect to the premises (as defined in the Lease) and (f) Grantee has not assigned, transferred, conveyed, mortgaged, hypothecated, deeded in trust, or encumbered the Lease, and shall not mortgage or otherwise hypothecate the Lease without the prior written consent of the CRA. In the event the Lease is terminated, assigned (in whole or in part) or there is a sublease of the premises (in whole or in part) during the term of this Agreement or during the five (5) year period following completion of the Project, such shall be considered a material default of this Agreement and all funding or Grant disbursements shall immediately terminate and the Grantee agrees to immediately pay to the CRA one hundred percent (100%) of the Grant received through the Program. Grantee agrees to simultaneously provide the CRA with copies of any correspondence alleging a default by either party or both under the Lease, as well as any correspondence terminating the Lease.

Lease Requirements. 11.1 Reference is made to that certain Lease Agreement dated December 1September 27, 2019, between Xxxxx X. SaltXxxxxxxxxx, as Trustee of Building 710 Land TrustLandlord, and Grantee, as Tenant (the “Lease”). Grantee represents and warrants to the CRA that: (a) the Lease is a bona fide arm’s length Lease; (b) the Lease is in full force and effect; (c) the copy of the Lease provided to the CRA by the Grantee is a true, complete, and correct copy thereof; (d) neither Grantee or Landlord is in default of its respective obligations thereunder; (e) there has been no sublease, license, concession, or other agreement, written or oral, with respect to the premises (as defined in the Lease) and (f) Grantee has not assigned, transferred, conveyed, mortgaged, hypothecated, deeded in trust, or encumbered the Lease, and shall not mortgage or otherwise hypothecate the Lease without the prior written consent of the CRA. In the event the Lease is terminated, assigned (in whole or in part) or there is a sublease of the premises (in whole or in part) during the term of this Agreement or during the five (5) year period following completion of the Project, such shall be considered a material default of this Agreement and all funding or Grant disbursements shall immediately terminate and the Grantee agrees to immediately pay to the CRA one hundred percent (100%) of the Grant received through the Program. Grantee agrees to simultaneously provide the CRA with copies of any correspondence alleging a default by either party or both under the Lease, as well as any correspondence terminating the Lease.

Lease Requirements. 11.1 Reference is made to that certain Lease Agreement dated December January 1, 20192022, between Xxxxx X. SaltXxxxxxx Property 1 LLC, as Trustee of Building 710 Land TrustLandlord, and Grantee, as Tenant (the “Lease”). Grantee represents and warrants to the CRA that: (a) the Lease is a bona fide arm’s length Lease; (b) the Lease is in full force and effect; (c) the copy of the Lease provided to the CRA by the Grantee is a true, complete, and correct copy thereof; (d) neither Grantee or Landlord is in default of its respective obligations thereunder; (e) there has been no sublease, license, concession, or other agreement, written or oral, with respect to the premises (as defined in the Lease) and (f) Grantee has not assigned, transferred, conveyed, mortgaged, hypothecated, deeded in trust, or encumbered the Lease, and shall not mortgage or otherwise hypothecate the Lease without the prior written consent of the CRA. In the event the Lease is terminated, assigned (in whole or in part) or there is a sublease of the premises (in whole or in part) during the term of this Agreement or during the five (5) year period following completion of the Project, such shall be considered a material default of this Agreement and all funding or Grant disbursements shall immediately terminate and the Grantee agrees to immediately pay to the CRA one hundred percent (100%) of the Grant received through the Program. Grantee Xxxxxxx agrees to simultaneously provide the CRA with copies of any correspondence alleging a default by either party or both under the Lease, as well as any correspondence terminating the Lease.

Lease Requirements. 11.1 Reference is made to that certain Lease Agreement dated December 1, 2019, between Xxxxx X. Salt3D international Holdings, LLC, a Florida limited liability compnay, as Trustee of Building 710 Land TrustLandlord, and Grantee, as Tenant (the “Lease”). Grantee represents and warrants to the CRA that: (a) the Lease is a bona fide arm’s length Lease; (b) the Lease is in full force and effect; (c) the copy of the Lease provided to the CRA by the Grantee is a true, complete, and correct copy thereof; (d) neither Grantee or Landlord is in default of its respective obligations thereunder; (e) there has been no sublease, license, concession, or other agreement, written or oral, with respect to the premises (as defined in the Lease) and (f) Grantee has not assigned, transferred, conveyed, mortgaged, hypothecated, deeded in trust, or encumbered the Lease, and shall not mortgage or otherwise hypothecate the Lease without the prior written consent of the CRA. In the event the Lease is terminated, assigned (in whole or in part) or there is a sublease of the premises (in whole or in part) during the term of this Agreement or during the five (5) year period following completion of the Project, such shall be considered a material default of this Agreement and all funding or Grant disbursements shall immediately terminate and the Grantee agrees to immediately pay to the CRA one hundred percent (100%) of the Grant received through the Program. Grantee agrees to simultaneously provide the CRA with copies of any correspondence alleging a default by either party or both under the Lease, as well as any correspondence terminating the Lease.

Lease Requirements. 11.1 Reference is made to that certain Lease Agreement dated December 1September 18, 20192017, between Xxxxx X. SaltXxxx Realty Group, Inc., as Trustee of Building 710 Land TrustLandlord, and GranteeXxxxxxx, as Tenant (the “Lease”). Grantee represents and warrants to the CRA that: (a) the Lease is a bona fide arm’s length Lease; (b) the Lease is in full force and effect; (c) the copy of the Lease provided to the CRA by the Grantee is a true, complete, and correct copy thereof; (d) neither Grantee or Landlord is in default of its respective obligations thereunder; (e) there has been no sublease, license, concession, or other agreement, written or oral, with respect to the premises (as defined in the Lease) and (f) Grantee has not assigned, transferred, conveyed, mortgaged, hypothecated, deeded in trust, or encumbered the Lease, and shall not mortgage or otherwise hypothecate the Lease without the prior written consent of the CRA. In the event the Lease is terminated, assigned (in whole or in part) or there is a sublease of the premises (in whole or in part) during the term of this Agreement or during the five (5) year period following completion of the Projectinstallation of the Equipment, such shall be considered a material default of this Agreement and all funding or Grant disbursements shall immediately terminate and the Grantee agrees to immediately pay to the CRA one hundred percent (100%) of the Grant received through the Program. Grantee Xxxxxxx agrees to simultaneously provide the CRA with copies of any correspondence alleging a default by either party or both under the Lease, as well as any correspondence terminating the Lease.

Lease Requirements. 11.1 Reference is made to that certain Lease Agreement dated December 1March 10, 20192022, between Xxxxx X. SaltXxxxxx Xxxxxxxx, Xx., as Trustee of Building 710 Land Trust, Landlord and Grantee, as Tenant (the “Lease”). Grantee represents and warrants to the CRA that: (a) the Lease is a bona fide arm’s length Lease; (b) the Lease is in full force and effect; (c) the copy of the Lease provided to the CRA by the Grantee is a true, complete, and correct copy thereof; (d) neither Grantee or Landlord is in default of its respective obligations thereunder; (e) there has been no sublease, license, concession, or other agreement, written or oral, with respect to the premises (as defined in the Lease) and (f) Grantee has not assigned, transferred, conveyed, mortgaged, hypothecated, deeded in trust, or encumbered the Lease, and shall not mortgage or otherwise hypothecate the Lease without the prior written consent of the CRA. In the event the Lease is terminated, assigned (in whole or in part) or there is a sublease of the premises (in whole or in part) during the term of this Agreement or during the five (5) year period following completion of the Project, such shall be considered a material default of this Agreement and all funding or Grant disbursements shall immediately terminate and the Grantee agrees to immediately pay to the CRA one hundred percent (100%) of the Grant received through the Program. Grantee agrees to simultaneously provide the CRA with copies of any correspondence alleging a default by either party or both under the Lease, as well as any correspondence terminating the Lease.

Lease Requirements. 11.1 Reference is made to that certain Lease Agreement dated December 1, 2019, between Xxxxx X. SaltCiantro Pernia LLC, as Trustee of Building 710 Land TrustLandlord, and Grantee, as Tenant (the “Lease”). Grantee represents and warrants to the CRA that: (a) the Lease is a bona fide arm’s length Lease; (b) the Lease is in full force and effect; (c) the copy of the Lease provided to the CRA by the Grantee is a true, complete, and correct copy thereof; (d) neither Grantee or Landlord is in default of its respective obligations thereunder; (e) there has been no sublease, license, concession, or other agreement, written or oral, with respect to the premises (as defined in the Lease) and (f) Grantee has not assigned, transferred, conveyed, mortgaged, hypothecated, deeded in trust, or encumbered the Lease, and shall not mortgage or otherwise hypothecate the Lease without the prior written consent of the CRA. In the event the Lease is terminated, assigned (in whole or in part) or there is a sublease of the premises (in whole or in part) during the term of this Agreement or during the five (5) year period following completion of the Project, such shall be considered a material default of this Agreement and all funding or Grant disbursements shall immediately terminate and the Grantee agrees to immediately pay to the CRA one hundred percent (100%) of the Grant received through the Program. Grantee agrees to simultaneously provide the CRA with copies of any correspondence alleging a default by either party or both under the Lease, as well as any correspondence terminating the Lease.

Lease Requirements. 11.1 Reference is made to that certain Commercial Lease Agreement dated December 1, 2019, November 2020 between Esper Xxxxx X. SaltXxxxxx LLC, as Trustee of Building 710 Land TrustLandlord, and GranteeXxxxxxx, as Tenant (the “Lease”). Grantee represents and warrants to the CRA that: (a) the Lease is a bona fide arm’s length Lease; (b) the Lease is in full force and effect; (c) the copy of the Lease provided to the CRA by the Grantee is a true, complete, and correct copy thereof; (d) neither Grantee or Landlord is in default of its respective obligations thereunder; (e) there has been no sublease, license, concession, or other agreement, written or oral, with respect to the premises (as defined in the Lease) and (f) Grantee has not assigned, transferred, conveyed, mortgaged, hypothecated, deeded in trust, or encumbered the Lease, and shall not mortgage or otherwise hypothecate the Lease without the prior written consent of the CRA. In the event the Lease is terminated, assigned (in whole or in part) or there is a sublease of the premises (in whole or in part) during the term of this Agreement or during the five (5) year period following completion of the Project, such shall be considered a material default of this Agreement and all funding or Grant disbursements shall immediately terminate and the Grantee agrees to immediately pay to the CRA one hundred percent (100%) of the Grant received through the Program. Grantee Xxxxxxx agrees to simultaneously provide the CRA with copies of any correspondence alleging a default by either party or both under the Lease, as well as any correspondence terminating the Lease.

Lease Requirements. 11.1 Reference is made to that certain Lease Agreement dated December 1, 2019, between Xxxxx X. SaltCiantro Pernia LLC, as Trustee of Building 710 Land TrustLandlord, and Grantee, as Tenant (the “Lease”). Grantee represents and warrants to the CRA that: (a) the Lease is a bona fide arm’s length Lease; (b) the Lease is in full force and effect; (c) the copy of the Lease provided to the CRA by the Grantee is a true, complete, and correct copy thereof; (d) neither Grantee or Landlord is in default of its respective obligations thereunder; (e) there has been no sublease, license, concession, or other agreement, written or oral, with respect to the premises (as defined in the Lease) and (f) Grantee has not assigned, transferred, conveyed, mortgaged, hypothecated, deeded in trust, or encumbered the Lease, and shall not mortgage or otherwise hypothecate the Lease without the prior written consent of the CRA. In the event the Lease is terminated, assigned (in whole or in part) or there is a sublease of the premises (in whole or in part) during the term of this Agreement or during the five (5) year period following completion of the Project, such shall be considered a material default of this Agreement and all funding or Grant disbursements shall immediately terminate and the Grantee agrees to immediately pay to the CRA one hundred percent (100%) of the Grant received through the Program. Grantee Xxxxxxx agrees to simultaneously provide the CRA with copies of any correspondence alleging a default by either party or both under the Lease, as well as any correspondence terminating the Lease.

Lease Requirements. 11.1 Reference is made to that certain Lease Agreement dated December 1September 9, 20192020, between Xxxxx X. SaltRaro Investment Trust, as Trustee of Building 710 Land TrustLandlord, and GranteeXxxxxxx, as Tenant (the “Lease”). Grantee represents and warrants to the CRA that: (a) the Lease is a bona fide arm’s length Lease; (b) the Lease is in full force and effect; (c) the copy of the Lease provided to the CRA by the Grantee is a true, complete, and correct copy thereof; (d) neither Grantee or Landlord is in default of its respective obligations thereunder; (e) there has been no sublease, license, concession, or other agreement, written or oral, with respect to the premises (as defined in the Lease) and (f) Grantee has not assigned, transferred, conveyed, mortgaged, hypothecated, deeded in trust, or encumbered the Lease, and shall not mortgage or otherwise hypothecate the Lease without the prior written consent of the CRA. In the event the Lease is terminated, assigned (in whole or in part) or there is a sublease of the premises (in whole or in part) during the term of this Agreement or during the five (5) year period following completion of the Project, such shall be considered a material default of this Agreement and all funding or Grant disbursements shall immediately terminate and the Grantee agrees to immediately pay to the CRA one hundred percent (100%) of the Grant received through the Program. Grantee Xxxxxxx agrees to simultaneously provide the CRA with copies of any correspondence alleging a default by either party or both under the Lease, as well as any correspondence terminating the Lease.