Obligations Under the Lease Sample Clauses

The "Obligations Under the Lease" clause defines the specific duties and responsibilities that each party—typically the landlord and tenant—must fulfill throughout the term of the lease agreement. This may include requirements such as timely payment of rent, maintenance of the property, compliance with building rules, and adherence to local laws. By clearly outlining these obligations, the clause ensures both parties understand their roles and helps prevent disputes by providing a reference point for expected conduct during the lease period.
Obligations Under the Lease. The Issuer: (i) will perform all of its obligations under the Lease; (ii) will not execute or agree to any change, amendment or modification of or supplement to the Lease except by a supplement or an amendment duly executed by the Issuer and the Company with the written approval of the Purchaser; and (iii) will not agree to any abatement, reduction or diminution of the Basic Rent without the written approval of the Purchaser. Notwithstanding the foregoing sentence, it is the intention of the Parties that the Company will make payments to the Purchaser for the account of the Issuer, in such amounts and at such times as are necessary to make all payments of principal of, interest on and redemption price of the Bonds in accordance with the terms of the Bond Documents as and when due. The Purchaser will look only to the Company for payment of the Bonds and upon the security granted in this Indenture for the Company’s obligations under the Lease. As described in Section 3.01 and in Section 6.01 of the Lease, the Issuer will assign and pledge to the Purchaser all right, title and interest of the Issuer in and to the Lease, including the right to receive payments thereunder (but exclusive of any payments with respect to the Issuer Retained Rights).
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Obligations Under the Lease. Throughout the term of the Sublease, Sublessor shall maintain the Lease in good standing and promptly perform all obligations of Sublessor thereunder NOT DELEGATED TO SUBLESSEE PURSUANT TO THIS SUBLEASE.
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Obligations Under the Lease. The Issuer: (i) will perform all of its obligations under the Lease; (ii) will not execute or agree to any change, amendment or modification of or supplement to the Lease except by a supplement or an amendment duly executed by the Issuer and the Company with the written approval of the Series 2011 Purchaser and the Series 2018 Purchaser; and (iii) will not agree to any abatement, reduction or diminution of the Basic Rent without the written approval of the Series 2011 Purchaser and the Series 2018 Purchaser. Notwithstanding the above paragraph, it is the intention of the Lease that the Company shall make payments to the Series 2011 Purchaser and the Series 2018 Purchaser for the account of the Issuer, in such amounts and at such times as are necessary to make all payments of principal of, interest on and redemption price of the Bonds in accordance with the terms of the Bond Documents as and when due. The Series 2011 Purchaser and the Series 2018 Purchaser will look to the Company for payment of the Series 2011 Bonds and the Series 2018 Bonds, respectively, and upon the security granted in this Indenture for the Company’s obligations under the Lease. As described in Section 6.1 of the Lease, the Issuer will assign and pledge to the Series 2011 Purchaser and the Series 2018 Purchaser all right, title and interest of the Issuer in and to the Lease, including the right to receive payments thereunder.
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Obligations Under the Lease. BroadSoft hereby acknowledges that it has read the Lease, a true, correct and complete copy of which (redacted to set forth certain business or confidential terms) is attached hereto as Exhibit F and, except as otherwise set forth herein, is incorporated herein by reference as fully as if the terms and provisions thereof were set forth herein. Except as inapplicable hereto or inconsistent herewith, BroadSoft agrees to assume the same responsibilities and duties and to enjoy the same rights and privileges that MIASI has as “Tenant” from and to the Landlord with respect to the Sublet Premises, excepting matters relating to the identification of the Sublet Premises, and the amount and due dates of the rentals payable therefor, and other excluded terms set forth hereinbelow; provided, however, except as otherwise expressly provided in this Sublease, in no event shall MIASI be deemed to have assumed the responsibilities of the Landlord under the Lease, including, without limitation, any repair or maintenance obligations under Article 13 of the Lease, any obligation to provide services under Article 15 of the Lease or any obligation to restore the Building and/or Sublet Premises following any damage, destruction or condemnation under Articles 17 and 18 of the Lease or any obligation to make any Capital Expenditures (as defined in the Lease), nor shall MIASI be responsible for the compliance of the Landlord with the provisions of the Lease. The foregoing notwithstanding, MIASI covenants and agrees to use good faith, due diligence and at all times exert commercially reasonable efforts to compel and/or require Landlord to provide or perform the obligations and duties of Landlord in the Lease, provided that: (A) to the extent such enforcement of rights pertains to the entire Building, including the Sublet Premises, BroadSoft shall reimburse MIASI within forty-five (45) days following written demand for BroadSoft’s Proportionate Share of all reasonable out-of pocket costs and expenses (including, without limitation, reasonable attorneys’ fees) incurred by MIASI in attempting to enforce the Lease; and (B) to the extent the enforcement of rights pertains solely to the Sublet Premises, BroadSoft shall reimburse MIASI within forty-five (45) days following written demand for the full amount of all such reasonable out-of-pocket costs and expenses (including, without limitation, reasonable attorneys’ fees) incurred by MIASI in attempting to enforce the Lease. Notwithstandin...
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Obligations Under the Lease. Effective as of the Termination Date, the rights and obligations of Landlord and Tenant under the Lease will cease; provided, however, that (a) Tenant and Landlord will remain liable for any and all charges, fees, expenses and obligations which accrued up to the Termination Date, (b) that all indemnities that survive the expiration of the Lease, according to the terms of the Lease, will continue to survive the Termination Date, and (c) if the Lease provides for year-end adjustments, then (i) Landlord shall calculate the amount of adjustments, if any, as provided in the Lease and promptly upon determination thereof deliver written notice to Tenant, itemizing such adjustments in reasonable detail, and (ii) if such adjustments reveal that: (x) Tenant is obligated to pay Landlord under the Lease, Tenant will 1 Note to Form: April 30, 2025 for the ▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇ premises; and June 30, 2025 for the ▇▇▇▇ ▇. ▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇ premises. remit complete payment of any such deficiency within thirty (30) days following Landlord's written notice and demand for payment, or, if (y) Landlord is obligated to pay to or refund monies to Tenant, as a result of an overpayment by ▇▇▇▇▇▇, Landlord will remit complete payment of such deficiency within thirty (30) days following reconciliation of such year-end adjustments. This Section 2 shall survive the Termination Date.
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Obligations Under the Lease 
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Related to Obligations Under the Lease

  • Obligations Under the Guaranty The undersigned hereby agrees, as of the date first above written, to be bound as a Guarantor by all of the terms and conditions of the Guaranty to the same extent as each of the other Guarantors thereunder. The undersigned further agrees, as of the date first above written, that each reference in the Guaranty to an “Additional Guarantor” or a “Guarantor” shall also mean and be a reference to the undersigned, and each reference in any other Loan Document to a “Guarantor” or a “Loan Party” shall also mean and be a reference to the undersigned.

  • Obligations Under the Security Agreement The undersigned hereby agrees, as of the date first above written, to be bound as a Grantor by all of the terms and provisions of the Security Agreement to the same extent as each of the other Grantors. The undersigned further agrees, as of the date first above written, that each reference in the Security Agreement to an “Additional Grantor” or a “Grantor” shall also mean and be a reference to the undersigned.

  • Obligations Unaffected Any invalidity, illegality or irregularity of a Lease or Leased Vehicle in the 2020-B Reference Pool will not affect the Depositor’s obligations under this Agreement.

  • OBLIGATIONS OF THE LESSEE The Lessee shall keep the premises in a clean, sanitary, neat and presentable condition. The Lessee shall be responsible for the repairs, outside of ordinary wear and tear, of any part of the Premises that do not affect the structural parts of the building or structure in which it is located or those that are generally considered as minor repair (“Minor Repairs”) including but not limited to replacing light bulbs, cleaning or repairs of windows, doors, toilets and similar appurtenances. The Lessee shall, at its sole expense restore, repair and/or rectify any damage, outside of ordinary wear and tear, to the Premises caused by the Lessee or others that the lessee permits into the Premises that are not covered or compensable by any insurance.

  • Conditions to Obligations of Each Party Under This Agreement The respective obligations of each party to effect the Merger and the other transactions contemplated herein shall be subject to the satisfaction at or prior to the Effective Time of the following conditions, any or all of which may be waived, in whole or in part, to the extent permitted by applicable Law: