Premises Documents and Leases Sample Clauses

Premises Documents and Leases. As to each Property, the REA and any other Premises Documents which Administrative Agent has notified Borrowers that it considers material are unmodified and in full force and effect; to the best of each Borrower’s knowledge, there are no defaults under any Major Lease or any Premises Document except as disclosed to Administrative Agent in writing, and all conditions to the effectiveness and continuing effectiveness of each lease and Premises Document required to be satisfied as of the date hereof have been satisfied.
Sample 1Sample 2Sample 3See All (5)
AutoNDA by SimpleDocs
Premises Documents and Leases. As to each Property, the Premises Documents and all leases are unmodified and in full force and effect, there are no defaults under any thereof, and all conditions to the effectiveness and continuing effectiveness thereof required to be satisfied as of the date hereof have been satisfied.
Sample 1Sample 2
Premises Documents and Leases. As to each Property, (i) the Premises Documents are unmodified and in full force and effect, there are no defaults under any thereof, and all conditions to the effectiveness and continuing effectiveness thereof required to be satisfied as of the date hereof have been satisfied and (ii) (A) all leases are unmodified (except for such modifications as have been delivered to Administrative Agent pursuant to the terms of this Agreement) and in full force and effect, there are no defaults under any thereof except as disclosed to Administrative Agent in writing, and all conditions to the effectiveness and continuing effectiveness thereof required to be satisfied as of the date hereof have been satisfied; (B) the tenant has accepted and now occupies its entire demised premises, all work required by the lease to be performed by the landlord thereunder has been or will be completed in accordance with the lease; and the landlord has no current obligation to reimburse the tenant for any tenant improvement work, money allowance or similar amount under the lease; (C) no advance rental or other payment has been made in connection with the lease except rental for the current month and all base rent, additional rent and other sums owning by the tenant have been paid in full to and including March 31, 2000; (D) the tenant has no offsets, set-offs, rebates, concessions, abatements or defenses against or with respect to rent, additional rent, escalation rent or other sums payable under the terms of the lease; (E) the amount of the security deposit, if any, presently held by the landlord under the lease is set forth on the security deposit reports required to be delivered by Borrower pursuant to the terms of this Agreement, the landlord holds no other funds of the tenant, and interest is not payable to the tenant on such security deposit except as may be specifically set forth on said rent rolls; (F) there are no options to purchase all or part of the demised premises contained in the lease, other than as set forth on SCHEDULE 5.22; and (G) no tenant has delivered a notice of termination or cancellation under its lease.
Sample 1
Premises Documents and Leases. As to each Property, the Premises Documents and Anchor Leases are unmodified and in full force and effect; Borrower has not received written notice of any default under any Major Lease, Anchor Lease or Premises Document except as disclosed to Administrative Agent in writing (estoppel certificates being deemed disclosure), and all conditions to the effectiveness and continuing effectiveness of each lease and Premises Document required to be satisfied as of the date hereof have been satisfied. The copies of leases, Anchor Leases and Premises Documents delivered to Administrative Agent, UBS and/or Administrative Agent's counsel by Borrower prior to the date hereof are true, correct and complete copies.
Sample 1
Premises Documents and Leases. Except for modifications delivered to Administrative Agent, the Premises Documents and all leases are unmodified and in full force and effect and, to Borrower's actual knowledge, there are no defaults under any thereof that are likely to result in a Material Adverse Change, and all conditions to the effectiveness and continuing effectiveness thereof required to be satisfied as of the date hereof have been satisfied, except to the extent non-satisfaction would not be likely to result in a Material Adverse Change. For purposes of this Article V the phrases "Borrower's knowledge", "to the best of Borrower's knowledge" and phrases of similar import shall mean the actual, conscious knowledge of Xxxxxxx Xxxxxx, Xxxxxxx Xxxxxxx, Xxxxx Xxxxxxx or Xxx Xxxxxxxx, or their successors in their present positions in Borrower or Guarantor, provided that such individuals have made reasonable inquiry into the truth of the representations and warranties qualified by such phrases.
Sample 1
Premises Documents and Leases. Deliver to Administrative Agent, promptly following the execution thereof, certified copies of (i) all amendments or supplements to any Premises Documents or any lease and (ii) all leases, together with (to the extent available) current financial statements of the tenants thereunder (and of any guarantors of such tenants' obligations), and notices of assignment in the form of EXHIBIT E; keep all Premises Documents and leases in full force and effect (except upon the occurrence of a default by the third party thereto) and at all times do all things reasonably necessary to compel performance by the parties to the Premises Documents or the tenants under such leases, as the case may be, of all material obligations, covenants and agreements by such parties or tenants, as the case may be, to be performed thereunder; not enter into or modify (other than de minimis modifications) any material Premises Documents or any Major Lease or any guaranty thereof without the prior written consent of the Required Lenders, such consent not to be unreasonably withheld or delayed; and not enter into any lease other than a Major Lease unless such lease is on market terms and does not materially adversely affect the value of the Property, and not modify any such lease unless such lease, as modified, is on market terms and does not materially adversely affect the value of the Property.
Sample 1

Related to Premises Documents and Leases

  • Leasehold Agreements Agent shall have received landlord, mortgagee or warehouseman agreements satisfactory to Agent with respect to all premises leased by Borrowers at which Inventory and books and records are located;

  • Lease Agreements 11 Section 3.15

  • Properties and Leases Except as would not, individually or in the aggregate, reasonably be expected to have a Company Material Adverse Effect, the Company and the Company Subsidiaries have good and marketable title to all real properties and all other properties and assets owned by them, in each case free from liens (including, without limitation, liens for Taxes), encumbrances, claims and defects that would affect the value thereof or interfere with the use made or to be made thereof by them. Except as would not, individually or in the aggregate, reasonably be expected to have a Company Material Adverse Effect, the Company and the Company Subsidiaries hold all leased real or personal property under valid and enforceable leases with no exceptions that would interfere with the use made or to be made thereof by them.

  • Real Property and Leases (a) The Company and each of its subsidiaries has sufficient title to all of its real properties and assets to conduct its businesses as currently conducted or as contemplated to be conducted.

  • Operating Leases Not permit the aggregate amount of all rental payments under Operating Leases made (or scheduled to be made) by the Loan Parties (on a consolidated basis) to exceed $1,000,000 in any Fiscal Year.

  • Ground Leases For purposes of this Exhibit C, a “Ground Lease” shall mean a lease creating a leasehold estate in real property where the fee owner as the ground lessor conveys for a term or terms of years its entire interest in the land and buildings and other improvements, if any, comprising the premises demised under such lease to the ground lessee (who may, in certain circumstances, own the building and improvements on the land), subject to the reversionary interest of the ground lessor as fee owner. With respect to any Mortgage Loan where the Mortgage Loan is secured by a Ground Leasehold estate in whole or in part, and the related Mortgage does not also encumber the related lessor’s fee interest in such Mortgaged Property, based upon the terms of the Ground Lease and any estoppel or other agreement received from the ground lessor in favor of Mortgage Loan Seller, its successors and assigns (collectively, the “Ground Lease and Related Documents”), Mortgage Loan Seller represents and warrants that:

  • Real Property Leases Section 2.12 of the Disclosure Schedule lists all Leases and lists the term of such Lease, any extension and expansion options, and the rent payable thereunder. The Company has delivered to the Buyer complete and accurate copies of the Leases. With respect to each Lease:

  • Documents and Property All records, files, documents and other materials or copies thereof relating to the business of the Employer and its Affiliates, which Executive shall prepare, receive, or use, shall be and remain the sole property of the Employer and, other than in connection with performance by Executive of his duties hereunder, shall not be removed from the premises of the Employer or any of its Affiliates without the Employer’s prior written consent, and shall be promptly returned to the Employer upon Executive’s termination of employment together with all copies (including copies or recordings in electronic form), abstracts, notes or reproductions of any kind made from or about the records, files, documents or other materials.

  • Real Property Lease Except as set forth in Disclosure Schedule 1.1.(b), Seller has no leases of real property used or held for use in connection with the Business or the Purchased Assets.

  • Material Agreements and Liens (a) Part A of Schedule I hereto is a complete and correct list, as of the Restatement Date, of each credit agreement, loan agreement, indenture, purchase agreement, guarantee, letter of credit or other arrangement providing for or otherwise relating to any Indebtedness or any extension of credit (or commitment for any extension of credit) to, or guarantee by, the Company or any of its Subsidiaries the aggregate principal or face amount of which equals or exceeds (or may equal or exceed) $1,000,000, and the aggregate principal or face amount outstanding or that may become outstanding under each such arrangement is correctly described in Part A of said Schedule I.

Time is Money Join Law Insider Premium to draft better contracts faster.