Lessor's Covenants Clause Examples

Lessor's Covenants. Until the termination of this Agreement and the satisfaction in full by Lessor of all Lessor Obligations, Lessor will comply, and will cause compliance, with the following covenants, unless Lessee and Required Participants shall otherwise consent in writing:

Lessor's Covenants. The Lessor covenants and agrees that, unless the Agent and the Lenders shall have otherwise consented in writing: (a) it shall not amend its Partnership Agreement, except to admit limited partners in connection with lease transactions similar to the Transactions; (b) it shall not incur any indebtedness or other monetary obligation or liability, other than (i) non-recourse indebtedness incurred in connection with the Transactions or similar transactions and (ii) operating expenses incurred in the ordinary course of business that are not delinquent; (c) the proceeds of the Loans received from the Lenders will be used by the Lessor solely to acquire the Leased Property and to pay the Lessee for certain closing and transaction costs associated therewith and for the costs of Construction. No portion of the proceeds of the Loans will be used by the Lessor (i) in connection with, whether directly or indirectly, any tender offer for, or other acquisition of, stock of any corporation with a view towards obtaining control of such other corporation, (ii) directly or indirectly, for the purpose, whether immediate, incidental or ultimate, of purchasing or carrying any Margin Stock, or (iii) for any purpose in violation of any Applicable Law; (d) it shall not engage in any business or activity, or invest in any Person, except for activities similar to its activities conducted on the date hereof, the Transactions and lease transactions similar to the Transactions; (e) it will maintain tangible net worth in an amount no less than the sum of (i) $100,000 plus (ii) 3% of its total assets (calculated assuming no reduction in the value of any leased property from its original cost to the Lessor); (f) it will deliver to the Agent, as soon as available and in any event within 90 days after the end of each fiscal year, a balance sheet of the Lessor as of the end of such fiscal year and the related statements of income, partners' capital and cash flows for such fiscal year, setting forth in each case in comparative form the figures for the previous fiscal year, together with copies of its tax returns, all certified by an officer of the general partner (and if the Lessor ever prepares audited financial statements, it shall deliver copies thereto the Agent); (g) it will permit the Agent and its representatives to examine, and make copies from, the Lessor's books and records, and to visit the offices and properties of the Lessor for the purpose of examining such materials, and to di...

Lessor's Covenants. Lessor (i) covenants that neither it nor any Person claiming by, through or under it will, through its own actions or inactions, interfere in Lessee's or any Sublessee's continued possession, use, operation and quiet enjoyment of the Aircraft during the Term unless an Event of Default has occurred and is continuing and this Lease has been duly declared in default, and this Lease shall not be terminated except as expressly provided herein and (ii) covenants that it will not directly or indirectly create, incur, assume or suffer to exist any Lessor Lien attributable to it on or with respect to the Airframe or any Engine.

Lessor's Covenants. Lessor covenants and agrees as follows: a. To warrant and defend Xxxxxx in the enjoyment and peaceful possession of the premises during the aforesaid term. b. If the premises are destroyed or so damaged by fire, casualty, or other disaster that they become untenantable, Lessor will have the right to render the premises tenantable by repairs within ninety (90) days from the date of damage with reasonable additional time, if necessary, for Lessor to adjust the loss with insurance companies insuring the premises, or for any other delay occasioned by conditions beyond the control of Lessor. If the premises are not rendered tenantable within that time, either party will have the right to terminate this lease by written notice to the other. In the event of such termination, the rent shall be paid only to the date of the damage. If the lease is not terminated, rent nevertheless shall be abated during the period of time from the date of damage to the date abated during the period oftimefromthedateofdamagetothedateofphysicaloccupancy by Xxxxxx or date of complete restoration, whichever occurs first.

Lessor's Covenants. The Lessor covenants and agrees with the Lessee as follows:- 7.1 that if the Lessee shall pay the Rent hereby reserved and observe and perform the stipulations on their part herein contained they shall peaceably hold and enjoy the Demised Land during the Contractual Term without any interruption by the Lessor or any person rightly claiming under or in trust for it; 7.2 to grant the Option to Renew the Lease as stated in Clause 9; 7.3 to procure MEC to pay all existing and future quit rents and rates (assessment) and outgoings payable by law in respect of the Demised Land which payments shall be deducted from the Rent as provided for in Clause 9.1(e) hereof; 7.4 to permit the Lessee to commence to fit out and renovate the Factory for its manufacturing and business activities forthwith upon execution of this Lease; 7.5 to permit the Lessee to repair and make good and any existing defects and damage to Factory at the cost and expense of the Lessor provided always that the costs of such repairs shall be evidenced by the appropriate receipts shall not exceed the sum of Ringgit Malaysia One Hundred and Six Thousand (RM106,000.00) and provided further that the Lessee shall advance for the costs of such repair and deduct such advances from the Rent payable under this Agreement; 7.6 to procure MEC to keep the roof, main structures, external walls, main drains and pipes of the Factory in good tenantable repair and condition including if required by the relevant authorities, to repaint and redecorate the external walls of the Factory; 7.7 to permit (but it shall not be obligatory upon) the Lessee to execute such repairs or works as verified by the Valuer or make such payments or perform such obligations of the Lessor and/or MEC herein including in particular MEC's covenants in Clauses 7.1(g) and 7.2 at the cost and expenses of MEC upon the failure or refusal of the Lessor and/or MEC to forthwith execute the same and any costs and expenses incurred shall be deducted or set off against the Rent payable herein subject to a maximum non-cumulative deduction equivalent to one (1) month's Rent per annum; 7.8 to procure MEC to indemnify and keep the Lessee fully indemnified against all breaches by the Lessor of its statutory duties or obligations including environmental damage due to or arising from anything done or carried out by the Lessor or its authorised servants agents workmen on the Demised Land; 7.9 to permit the Lessee to sublet any part of the Demised Land to the S...

Lessor's Covenants. Lessor covenants and agrees as follows: A. To warrant and defend Lessee in the enjoyment and peaceful possession of the Leased Premises during the aforesaid term. B. If the Leased Premises are destroyed or so damaged by fire, casualty, or other disaster that they become untenantable, Lessor will have no obligation to render the Leased

Lessor's Covenants. Lessor covenants and agrees to warrant and defend Xxxxxx in the enjoyment and peaceful use and operation of the Premises during the term of this Lease, subject to the termination rights set forth herein.

Lessor's Covenants. Lessor (i) covenants that neither it nor any Person claiming by, through or under it will, through its own actions or inactions interfere in Lessee's or any Sublessee's continued possession, use, operation and quiet enjoyment of the Aircraft during the Term unless an Event of Default has occurred and is continuing and this Lease has been duly declared (or, with respect to Section 14(e) or (f), is deemed declared) in default, and this Lease shall not be terminated except as provided herein and (ii) covenants that it will not directly or indirectly create, incur, assume or suffer to exist any Lessor Lien attributable to it on or with respect to the Airframe or any Engine.

Lessor's Covenants. The Lessor, with the intent that the obligations shall continue throughout the term of this Deed, hereby covenants with the Lessee as under: 10.1 To provide Lessee, its employees, workmen, agents, representatives etc. with uninterrupted and continuous access and peaceful use and enjoyment of the Demised Premises at all times during the Lease Period, without any interference, including from the Lessor or any person claiming under, through or in trust for the Lessor; 10.2 To the extent that any permission is required to be given, and can lawfully be given, permit the Lessee to cut the standing trees in the Demised Premises after obtaining prior permission from the concerned authorities; 10.3 The Lessor has agreed to mutate the revenue record for the correct extent available in T.S No: 2/1 in the Town Survey Land Register and shall indemnify the Lessee till such time from any third party claims with respect to the Demised Premises; 10.4 To render co-operation and assistance to the Lessee to obtain permissions/approvals/licenses and consents required from any statutory, local or public body or authority specifically in relation to conducting its educational institution from and over the Demised Premises and for constructing additional premises; 10.5 The Lessor shall not do or cause to be done or omit to be done anything which would affect the right of the Lessee to use and occupy the Demised Premises in accordance with the terms of this Deed for so long as Lessee does not breach the terms of the lease; 10.6 To bear and pay property/ municipal and other taxes, dues, etc. payable in respect of the Demised Premises, in a proper and timely manner; 10.7 To remain in compliance with all the applicable laws governing the Demised Premises and this Deed; 10.8 The Lessor shall not commit an act that prevents the Lessee from using the Demised Premises as agreed in this Deed, subject to the Lessee complying with all its statutory obligations in carrying out its educational institution activities from the Demised Premises and further that the Lessor shall not do any act, or suffer any omission to be done, which would in any way prevent/ obstruct the Lessee in using the Demised Premises as agreed in this Deed. 10.9 To permit the Lessee to display the Lessee’s name at places of its choice, in the 10.10 To refund the Security Deposit to the Lessee in the manner specified in this Deed; 10.11 During the term of the Lease and any Renewed Term, in the event that the Lessor wishes...