Lessor Notice Sample Clauses

Lessor Notice. Lessor must give forty-eight (48) hour notice to lessee to enter and go upon the premises for inspection and/or repairs of the unit excepting emergency situations. Maintenance and replacement. An owner of rental housing assisted with HOME funds must maintain the premises in compliance with all applicable housing quality standards and local code requirements. Conflict with other provisions of the lease. In case of any conflict between the provisions of this Lease Rider and other sections of the Lease, the provisions of the Lease Rider shall prevail. Signatures below certify that the offer of a one year lease term has been extended and if any other lease terms are available, they have been disclosed at time of the initial lease agreement and the rental lease term has been accepted by the applicant. _________________________________________________ _____________________________________________ Resident Date Resident Date _________________________________________________ Owner/Agent Date
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Lessor Notice. Lessor agrees that it shall not terminate this Lease unless it has given each Financing Party at least 90 days’ (60 days’ in the case of a default in payment by Lessee) prior written notice of its intent to terminate this Lease and the Financing Parties fail to cure the condition giving rise to such right of termination within such time period.
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Lessor Notice. The Lessor shall give the Lessee prompt written notice (a “Lessor Notice”), but in any event promptly upon receipt of notice from an acquiring Person as provided in the related underlying transaction documents, of the Lessor’s knowledge that a disposition of property will occur that would cause the Fair Market Value of the Facility then subject to the Lease to exceed 50% of the fair market value (based on appraisals or other information delivered in connection with the consummation of such underlying transactions) of all of the property owned by the Lessor, as determined in accordance with GAAP (a “50% FMV Event”). In the event that a Lessor Notice is given, the Lessor, at its option, may elect to (i) obtain additional assets such that the Fair Market Value of the Facility does not ever constitute more than 50% of the total Fair Market Value of the assets of the Lessor, (ii) transfer its interests in the Facility to another affiliate of Lessor such that the representations set forth in the WDC Confirmation Letter remain correct or (iii) obtain a SAS 97-type letter reasonably acceptable to Lessee from Lessor’s auditor to certify that the Lessor is a voting interest entity as defined by FIN 46 (to be renewed as required). If none of the options set forth above is elected by Lessor within sixty (60) days following Lessor’s delivery of a Lessor Notice, then Lessee may, during the existence of the 50% FMV Event, cause a transfer of Lessor’s interest to an Eligible Lessor Transferee selected by Lessee. If Lessee elects to cause such transfer, it shall deliver to Lessor a written notice of such election (a “Substitute Transferee Notice”), which notice shall identify the proposed transferee (the “Substitute Transferee”) and the date such transfer will take place. The effectiveness of such transfer shall be subject to (i) the Lessee’s delivery of a Substitute Transferee Notice to Lessor pursuant to the immediately preceding sentence, (ii) receipt by the Administrative Agent of such documents, agreements, instruments and opinions (including any guarantees or indemnities required pursuant to this Section 6.2 or Section 8.1.3(b)) duly executed and delivered by such Substitute Transferee to effect such transfer pursuant to this Section 6.2(h) and Section 8.1.3(b), and (iii) such transfer to such Substitute Transferee being completed and effective (including delivery of each of the documents described in clauses (i) and (ii) above), within (90) days from the date of the...
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Lessor Notice. The lessor under the lease set forth in Section 5.13 of the Disclosure Schedule shall have been duly furnished with the notice with respect to the transactions contemplated by this Agreement as prescribed by such lease, and either (i) the lessor shall not have asserted within the time period prescribed by such lease that its consent is required in order to consummate such transactions, (ii) the consent of the lessor to such transactions shall have been received or (iii) there shall have been a final judicial determination that such consent is not required.
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Related to Lessor Notice

  • Notice of Lease Owner shall give to Standard & Poor's Ratings Services, a Standard & Poor's Financial Services LLC business, a copy of any notice regarding a lease of the Aircraft required to be given to the Mortgagee pursuant to clause (w) of the first sentence of the penultimate paragraph of Section 4.02(b) of the Trust Indenture, at the time such notice is given to Mortgagee, if at such time Standard & Poor's is then rating the Pass Through Certificates.

  • Notice to Mortgagee Notwithstanding anything to the contrary in the Lease or this Agreement, before exercising any Termination Right or Offset Right, Tenant shall provide Mortgagee with notice of the breach or default by Landlord giving rise to same (the “Default Notice”) and, thereafter, the opportunity to cure such breach or default as provided for below.

  • Notice to Landlord If Tenant desires to assign this Lease or any interest herein, or to sublet all or any part of the Premises, then at least thirty (30) days but not more than one hundred eighty (180) days prior to the effective date of the proposed assignment or subletting, Tenant shall submit to Landlord in connection with Tenant's request for Landlord's consent:

  • Notice to Tenant After notice is given to Tenant by Lender that the Landlord is in default under the Note and the Security Instrument and that the rentals under the Lease should be paid to Lender pursuant to the terms of the assignment of leases and rents executed and delivered by Landlord to Lender in connection therewith, Tenant shall thereafter pay to Lender or as directed by the Lender, all rentals and all other monies due or to become due to Landlord under the Lease and Landlord hereby expressly authorizes Tenant to make such payments to Lender and hereby releases and discharges Tenant from any liability to Landlord on account of any such payments.

  • Delivery; Acceptance of Premises; Commencement Date Landlord shall use reasonable efforts to deliver the Premises to Tenant on or before the Target Commencement Date, with Landlord’s Work Substantially Completed (“Delivery” or “Deliver”). If Landlord fails to timely Deliver the Premises, Landlord shall not be liable to Tenant for any loss or damage resulting therefrom, and this Lease shall not be void or voidable except as provided herein. If Landlord does not Deliver the Premises within 45 days of the Target Commencement Date for any reason other than Force Majeure delays and Tenant Delays, this Lease may be terminated by Tenant by written notice to Landlord, and if so terminated by Tenant: (a) the Security Deposit, or any balance thereof (i.e., after deducting therefrom all amounts to which Landlord is entitled under the provisions of this Lease), shall be returned to Tenant, and (b) neither Landlord nor Tenant shall have any further rights, duties or obligations under this Lease, except with respect to provisions which expressly survive termination of this Lease. As used herein, the terms “Landlord’s Work,” “Tenant Delays” and “Substantially Completed” shall have the meanings set forth for such terms in the Work Letter. If Tenant does not elect to void this Lease within 10 business days of the lapse of such 45 day period, such right to void this Lease shall be waived and this Lease shall remain in full force and effect. Notwithstanding anything to the contrary contained herein, if Tenant does not terminate this Lease pursuant to the immediately preceding sentence, Base Rent shall be abated 1 day for each day after such 45 day period (as extended by Force Majeure delays and Tenant Delays) that the Premises are not Delivered to Tenant.

  • Notice of Commencement A Notice of Commencement shall be filed by the Contractor with the Clerk of the Superior Court in the county in which the Project is located, pursuant to O.C.G.A. §13-10-62.

  • Inspection by Lessor Upon reasonable advance notice, Lessee, during reasonable business hours and subject to Lessee's security requirements, will make the Equipment and its related log and maintenance records available to Lessor for inspection.

  • Landlord’s Option to Repair Notwithstanding the terms of Section 11.1 of this Lease, Landlord may elect not to rebuild and/or restore the Premises, Building and/or Project, in which event this Lease shall terminate, by notifying Tenant in writing of such termination within sixty (60) days after the date of discovery of the damage, such notice will include a termination date giving Tenant sixty (60) days to vacate the Premises, but this Lease may be so terminated Landlord may so elect only if the Building or Project shall be damaged by fire or other casualty or cause, whether or not the Premises are affected, and one or more of the following conditions is present: (i) in Landlord’s reasonable judgment, repairs cannot reasonably be completed within one hundred eighty (180) days after the date of discovery of the damage (when such repairs are made without the payment of overtime or other premiums); (ii) the holder of any mortgage on the Building or Project or ground lessor with respect to the Building or Project shall require that the insurance proceeds or any portion thereof be used to retire the mortgage debt, or shall terminate the ground lease, as the case may be; (iii) the damage is not fully covered by Landlord’s insurance policies or that portion of the proceeds from Landlord’s insurance policies allocable to the Building or the Project, as the case may be; (iv) Landlord decides to rebuild the Building or Common Areas so that they will be substantially different structurally or architecturally; (v) the damage occurs during the last twelve (12) months of the Lease Term; or (vi) any owner of any other portion of the Project, other than Landlord, does not intend to repair the damage to such portion of the Project; provided, however, that if such fire or other casualty shall have damaged the Premises or a portion thereof or Common Areas necessary to Tenant’s occupancy and as a result of such damage the Premises are unfit for occupancy, and provided that Landlord does not elect to terminate this Lease pursuant to Landlord’s termination right as provided above, and either (a) the repairs cannot, in the reasonable opinion of Landlord’s contractor, be completed within two hundred seventy (270) days after being commenced, or (b) the damage occurs during the last twelve months of the Lease Term and will reasonably require in excess of ninety (90) days to repair, Tenant may elect, no earlier than sixty (60) days after the date of the damage and not later than ninety (90) days after the date of such damage, to terminate this Lease by written notice to Landlord effective as of the date specified in the notice, which date shall not be less than thirty (30) days nor more than sixty (60) days after the date such notice is given by Tenant.

  • Notice to Mortgagors The Seller shall mail to the Mortgagor of each related Mortgage Loan a letter advising such Mortgagor of the transfer of the servicing of the related Mortgage Loan to the Purchaser, or its designee, in accordance with the Cranston Gonzales National Affordable Housing Act of 1990 at least 15 dxxx xxxxx xx xxx related Transfer Date; provided, however, the content and format of the letter shall have the prior approval of the Purchaser. The Seller shall provide the Purchaser with copies of all such related notices no later than the related Transfer Date.

  • Additional Space Commencing on May 1, 2001, Sublessor herein grants unto the Sublessee a Right of First Refusal on any space that shall be and/or becomes available in the building during the remaining Term of this Sublease. Prior to May 1, 2001 and thereafter prior to the first day of May of any calendar year during the remaining Term hereof, Sublessor shall notify Sublessee by written notice of the availability of any such space in the building. Should Sublessee desire to exercise its Right of First Refusal and sublease such available space, Sublessee must notify Sublessor in writing of its desire to sublease the available space within seven (7) calendar days of Sublessee's receipt of Landlord's notice of availability. Within thirty (30) days of the receipt of Sublessee's notice exercising the right to sublease such available space, Sublessee and Sublessor shall enter into an amendment of this agreement setting forth the terms under which the additional space is subleased to Sublessee. The Base Rental shall be at a rental mutually agreed between Sublessee and Sublessor. Failure by Sublessee to exercise its Right of First Refusal within said seven (7) calendar day period, or if exercised, failure to enter into an amendment of this agreement within thirty (30) days of Sublessor's receipt of Sublessee's notice, shall be deemed a waiver of such right and Sublessor shall thereafter be free of any obligation under this Article 2.04 for a period of 12 months. Any exercise by Sublessee of this Right of First Refusal shall be for a minimum of 5,000 rental square feet.

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