Lessor's Commitment Sample Clauses
The Lessor's Commitment clause defines the obligations and promises made by the lessor to the lessee under a lease agreement. Typically, this clause outlines the lessor's duty to provide the leased property in a specified condition, ensure its availability on the agreed date, and maintain certain standards throughout the lease term. For example, the lessor may be required to make necessary repairs or ensure compliance with legal requirements. The core function of this clause is to clearly establish the lessor's responsibilities, thereby protecting the lessee's interests and minimizing disputes regarding the condition or availability of the leased property.
Lessor's Commitment. The Lessor is firmly committed to the provision of a safe and healthy environment for its employees, clients, service delivery partners, contractors and the general public. The Lessor recognises that this commitment will only be achieved with positive leadership, the provision of necessary resources, and continued pursuit of best practice in occupational health and safety.
Lessor's Commitment. Subject to the conditions and terms hereof, at the request of the Construction Agent from time to time during the Commitment Period on any Funding Date, (i) the Lessor shall make available to the Construction Agent an amount (in each case, an "EQUITY AMOUNT") in immediately available funds equal to the Lessor's Commitment Percentage of the amount of the Advance being funded on such Funding Date. Notwithstanding any other provision hereof, the Lessor shall have no obligation to make available any Equity Amount if, after giving effect to the proposed Equity Amount, the aggregate outstanding amount of Equity Amounts would exceed the Lessor's Commitment. On the terms and subject to the conditions hereof, amounts paid or prepaid with respect to any Equity Amounts prior to the end of the Commitment Period may be readvanced during the Commitment Period.
Lessor's Commitment. Subject to the conditions and terms hereof, the Lessor shall make available to the Lessee on the Closing Date an amount (the “Lessor Amount”) in immediately available funds equal to the Lessor Percentage of the amount of the Advance being funded on the Closing Date.
Lessor's Commitment. Subject to the conditions and terms hereof, the Lessor shall make available to the Lessee at the request of the Lessee from time to time during the Commitment Period on any Funding Date an amount (together with any amounts advanced by the Lessor pursuant to Section 3.1(e), each a "Lessor Amount") in immediately available funds equal to the Lessor Percentage of the amount of the Advance being funded on such Funding Date. Notwithstanding any other provision hereof, the Lessor shall not be obligated to make available any Lessor Amount if after giving effect to the making of the proposed Lessor Amount, the aggregate outstanding Lessor Amounts of the Lessor would exceed the Lessor's Commitment.
Lessor's Commitment. The Lessor shall have made available ------------------- to the Construction Agent, (i) the Lessor Land Commitment, as set forth in Schedule I for the purpose of financing the Land Costs, (ii) the Lessor ---------- Improvement Commitment for the purpose of financing Construction Costs and (iii) subject to the conditions and terms hereof, the Lessor shall authorize the Construction Agent to request from the Administrative Agent, and the Administrative Agent shall make available to the Construction Agent, from time to time during the Commitment Period on any Funding Date, an amount in immediately available funds, equal to the amount of the Advance being requested on such Funding Date multiplied by the relevant Lessor Commitment Percentage in an aggregate principal amount not to exceed the amount of the applicable Lessor Commitment. The Lessor Land Advance Percentage shall apply to that portion of an Advance which relates to the Land Costs and the Lessor Improvement Advance Percentage shall apply to that portion of an Advance which relates to the Construction Costs. The aggregate principal amount made available under this Section 3.2 shall be the lessor amount (collectively, the "Lessor Amount"). ----------- -------------
Lessor's Commitment. Subject to the conditions and terms hereof, the Lessor shall make the Lessor Commitment available to the Lessees by making available at the request of the Company, as agent for the Lessees, from time to time on each Acquisition Date prior to the Commitment Termination Date an amount (each, a "Lessor Amount") in immediately available funds equal to the Lessor's Funding Percentage of the Advance being made on such Acquisition Date. Notwithstanding any other provision hereof, the Lessor shall not be obligated to make available any Lessor Amount if, after giving effect to the proposed Lessor Amount, the aggregate outstanding amount of the Lessor Amounts would exceed the Lessor's Commitment. No amounts paid or prepaid with respect to the Lessor Amount may be readvanced.
Lessor's Commitment. Subject to the terms and conditions of this Participation Agreement and the other Operative Documents, the Lessor, at the request of the Lessee, agrees to make investments of its own funds in the Properties from time to time during the Commitment Period on a Funding Date in amounts (each a "Lessor Investment Amount") equal to the amount of the applicable Advance requested in the applicable Funding Request to be funded by a Lessor Investment Amount; provided that, the aggregate amount of the Lessor Investment Amounts funded shall at all times equal or exceed the Lessor's Commitment Percentage of the total outstanding Advances. Notwithstanding any other provision hereof, the Lessor shall not be obligated to make available any Lessor Investment Amount if, after giving effect to the requested Lessor Investment Amount, the aggregate amount of Lessor Investment Amounts funded would exceed the Lessor's Commitment.