Leases and Tenancies to lease or licence any Charged Assets to any person on any terms and for any rent or fee, to agree to any change to such terms or rent and to accept any surrender of such lease or licence on any terms (including the payment of any surrender premium) and to make agreements and arrangements with and make allowances to any lessees, tenants or other persons from whom any rents and profits may be payable, in each case it shall think fit;
Leases and Tenancies. (a) If any claim is made against Purchaser by any Tenant asserting an offset against rent or otherwise, including any rent over-charges or failure in construction or to provide services, with respect to any matter which arose prior to Closing, Seller shall indemnify and hold Purchaser harmless for all losses, damages and expenses (including, without limitation, reasonable attorneys' fees and costs) incurred by Purchaser in connection thereof. After Purchaser shall receive notice of a claim that may give rise to an indemnity hereunder, Purchaser shall notify Seller; provided, however, the failure to give any notice shall not relieve Seller from any liability hereunder unless such failure impairs the right to defend such action. In the event any claim is brought against Purchaser with respect to which Seller may have liability under the indemnity agreement contained in this Paragraph 7.(a), the claim may, upon written agreement of Seller that it is obligated to indemnify against the particular claim under the indemnity agreement contained herein,
Leases and Tenancies. Grantor shall submit to the Grantee for Grantee’s examination and approval in writing, which approval shall not be unreasonably withheld or delayed prior to the execution, delivery and commencement thereof, all leases, tenancies and occupancies of the Premises and any part thereof; any such leases, tenancies and occupancies, not so approved, shall not he valid; and Grantor at its cost and expense, upon request of Grantee, shall cause any parties in possession of the Premises under any such leases, tenancies and occupancies, not so approved, to vacate and surrender possession and control of the Premises immediately; and Grantor acknowledges that Grantee may from time to time at its option enter upon the mortgaged Premises and take any other action in court or otherwise to cause such parties to vacate the Premises; the costs and expenses of Grantee in so doing shall be paid by Grantor to Grantee on demand thereof and shall be part of the Obligations secured by this Mortgage as costs and expenses incurred to preserve and protect the security; such rights of Grantee shall be in addition to all its other rights as Mortgagee, including the right of foreclosure, for breach by Grantor in the requirements of this paragraph.
Leases and Tenancies. In respect of any property (including, without limitation, real property and buildings) or other asset held under lease, tenancy or license by any member of the Group, (i) such lease, tenancy or license (A) is in full force and effect, (B) has been duly authorized, executed and delivered by such member of the Group, and (C) is legal, valid, binding, subsisting and enforceable by such member of the Group in accordance with its terms; (ii) no default (or event which with notice, lapse of time, fulfillment of any condition and/or compliance with any formality would constitute a default) under such lease, tenancy or license by any member of the Group has occurred and is continuing or is likely to occur; (iii) no member of the Group is aware of any action of any nature that has been asserted by any person which (x) may be adverse to the rights or interests of such member of the Group under such lease, tenancy or license or (y) which may affect the rights of such member of the Group to the continued possession or use of such leased or licensed property or other asset;
Leases and Tenancies. 20 8. CLOSING . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21 9.
Leases and Tenancies. To the best of Seller’s knowledge, there are no leases or occupancy agreements affecting the Property except the Lease. Except for the purchase option held by the Tenant pursuant to the provisions of the Lease, neither Seller nor the Trustee has granted any purchase option, right of first refusal or preferential purchase rights with respect to the Property or any part thereof. With respect to the Lease:
Leases and Tenancies. The “Leases” shall mean all leases and any amendments thereto identified on Exhibit B attached to this Assignment.
Leases and Tenancies. Prior to the execution of the Contract the Seller shall disclose to the Buyer in writing all occupancies or rights to 130 occupancy, rental, rate, nature, duration and terms (including any special clauses or covenants) of all occupancies. Within ten (10) calendar days after 131 execution of Contract, Seller shall furnish to Buyer copies of all written leases and statements from each tenant verifying the accuracy of statements 132 previously furnished by Seller. If Xxxxxx is unable to obtain the foregoing statements from tenants, the same information may be provided in a Seller’s 133 Affidavit. If there is a material discrepancy between statements provided by Seller and verification received by Xxxxx, this Contract at Buyer’s option 134 may be cancelled and all deposits made shall be returned to Buyer. No new occupancies shall be created without the written consent of Buyer, which 135 consent shall not be unreasonably withheld. Seller shall deliver and assign all existing leases, unmodified, to Buyer at closing.
Leases and Tenancies. (a) Seller shall be permitted to lease the Properties subject to and in accordance with the following: (i) Seller shall interview prospective tenants, make credit and reference checks of prospective tenants for proposed leases of five thousand (5,000) square feet or more (and upon request of Purchaser, for proposed leases of less than five thousand (5,000) square feet) and furnish such information to Purchaser; (ii) the proposed tenant shall be a reputable entity with sufficient financial means in Seller's reasonable
Leases and Tenancies. Subject to the terms of this Section 1.17, the Mortgagee waives the right to enter the Property for the purpose of collecting the Rents, and grants the Mortgagor the right to collect the Rents and, subject to any restrictions set forth in the Loan Agreement, to lease the Property. The Mortgagor shall hold the Rents in trust for use in payment of the Debt, provided, however, that prior to an Event of Default, the Mortgagor may apply the Rents held by the Mortgagor at any given time, first, to all amounts which are due and payable on account of the Debt at such time, second, to all expenses accruing with respect to the Property, third, to the payment of all other liabilities of the Mortgagor, to the extent then due and payable, and then fourth, to the Mortgagor. The right of the Mortgagor to collect the Rents and to lease the Property or any part thereof may be revoked by the Mortgagee upon any Event of Default under the terms of this Mortgage, the Loan Agreement or any other Loan Document and may be, in the sole discretion of the Mortgagee, reinstated following the resolution of such Event of Default to Mortgagee’s satisfaction. Thereafter, the Mortgagee may let the Property or any part thereof, and may retain and apply the Rents toward payment of the Debt in such order, priority and proportions as the Mortgagee, in its discretion, shall deem proper, or toward the operation, maintenance and repair of the Property or any part thereof, and irrespective of whether the Mortgagee shall have commenced a foreclosure of this Mortgage or shall have applied or arranged for the appointment of a receiver. The Mortgagee shall give to the Mortgagor prompt notice of such revocation of the right to let and collect the Rents within a reasonable time after such revocation. The Mortgagor represents, warrants, and covenants that, on or before the date of this Mortgage, the Mortgagor has not: (a) made, or suffered to be made, any Lease, (b) modified any Lease, (c) cancelled or terminated any Lease, (d) accepted any prepayment of any Rents for a period of more than one (1) month in advance of the date when such Rents are due and payable, or (e) further assigned the whole or any part of the Rents or any Lease. On and after the occurrence of an Event of Default, the Mortgagor shall not, unless, at arms’ length upon market terms (including such other terms and conditions as are contained in similar Leases for similar space in New York City by landlords using prudent business judgme...
