Property Leasing Sample Clauses

Property Leasing. Pursuant to the Nan Hai Property Leasing Framework Agreement, Digital Huigu agreed to lease to Nan Hai Group certain properties with a total gross area not exceeding 18,500 square meters located at the Property Site. Digital Huigu will enter into individual property leasing agreements with members of Nan Hai Group, setting out specific terms including term, consideration, area of the leased property and payment terms. Such terms will be consistent with the principles and terms of the Nan Hai Property Leasing Framework Agreement.
Sample 1
AutoNDA by SimpleDocs
Property Leasing. Pursuant to the GD Cinema Circuit Property Leasing Framework Agreement, Digital Huigu agreed to lease to GD Cinema Circuit Group certain properties with a total gross area not exceeding 2,300 square meters located at the Property Site. Digital Huigu will enter into individual property leasing agreements with members of the GD Cinema Circuit Group, setting out specific terms including term, consideration, area of the leased property and payment terms. Such terms will be consistent with the principles and terms of the GD Cinema Circuit Property Leasing Framework Agreement.
Sample 1
Property Leasing. Owner hereby retains Leasing Agent during the term of this Agreement as Owner’s exclusive leasing agent in connection with the Property. Leasing Agent shall use commercially reasonable efforts to lease space at the Property to desirable tenants at the highest possible net effective rents. Leasing Agent shall perform its leasing responsibilities hereunder in accordance with commercially reasonable standards and practices. Without limiting the generality of the foregoing, Leasing Agent’s responsibilities as leasing agent shall include the following:
Sample 1
Property Leasing. The proposed annual caps, being the total rent and related fees payable by the Group to Sinochem Group and/or its associates under the Property Leasing Framework Agreement, for the three years ending 31 December 2017 are RMB68,000,000, RMB71,000,000 and RMB75,000,000 per annum, respectively. Basis of the Annual Caps Ship Chartering The proposed annual caps for the transactions contemplated under the Renewed Ship Charter Framework Agreement were determined by the Directors with reference to (i) the historical transaction amounts; (ii) an expected approximate 20% growth in the demand for our ship charting and other related products and services for each of the three years ending 31 December 2017; and (iii)an expected approximate 20% growth in the charterhire for the period of three years ending 31 December 2017 compared with that for the year ending 31 December 2014.
Sample 1
Property Leasing. The proposed annual caps for the transactions contemplated under the Property Leasing Framework Agreement were determined by the Directors with reference to (i) the historical transaction amounts; (ii) an expected approximate 10% growth in the demand by the relevant parties for leasing of properties for the year ending 31 December 2015; (iii) an expected approximate 10% growth in the rent for the year ending 31 December 2015; and (iv) an expected approximate 5% consolidated growth in transaction amounts for each of the two years ending 31 December 2017, taking into account the increase in demand by the relevant parties and the expected growth in the rent. REASONS FOR AND BENEFITS OF ENTERING INTO THE RENEWED SHIP CHARTER FRAMEWORK AGREEMENT AND THE PROPERTY LEASING FRAMEWORK AGREEMENT The Group carries on ship chartering in its ordinary course of business. Sinochem Group is a large-scale enterprise with variety of business interests. From time to time, Sinochem Group and its subsidiaries and/or associates require the charter of vessels to transport cargo between ports. In light of its needs in business operation, the Group had entered into separate property leases with Sinochem Group and its associates from time to time. All of these property leases shall terminate on 31 December 2014. As the Group has already been occupying and leasing the same units at prevailing market rates from Sinochem Group and its associates, the Directors are of the view that substantial time and costs can be saved if the Group renews the individual leases entered into with Sinochem Group and its associates instead of moving to other buildings. In addition, by entering into the Property Leasing Framework Agreement, the Company will be in a better position to regulate and monitor the transactions contemplated thereunder. The Directors (including the independent non-executive Directors) consider that the transactions under the Renewed Ship Charter Framework Agreement and the Property Leasing Framework Agreement are entered into after arm’s length negotiations and based on normal commercial terms; and the terms of such transactions and the proposed annual caps are fair and reasonable and are in the interests of the Company and its shareholders as a whole. By virtue of the positions held in Sinochem Group by each of Xx. Xxx Xxxxx and Xx. Xxxx Xxx, all being Directors, they are considered to have a material interest in the entering into of the Renewed Ship Charter Framework Agreement a...
Sample 1
Property Leasing. 2.01 Leasing to Tenants. Manager will be Owner’s exclusive agent to lease the Property. Manager will use reasonable efforts to keep the Property leased. Manager is authorized to execute, deliver, and xxxxx leases on behalf of Owner. Manager will use ❑ Manager's then current standard lease or CAR form, ❑ Owner’s lease form, or if a specific lease form is required for a regulatory agency having authority over the Property, the required lease form. Manager may set rental terms (including term of rental, rental rate, security deposit amounts and rental concessions) in accordance with Manager's reasonable business judgment, prevailing market conditions, and any governmental regulations, unless otherwise directed by Owner. Manager may advertise Property availability using appropriate media, such as publications, internet, displaying signs on the Property and by any other methods customarily used by Manager.
Sample 1
Property Leasing 
Sample 1
AutoNDA by SimpleDocs

Related to Property Leasing

  • Title to Property; Leases The Company and its Subsidiaries have good and sufficient title to their respective properties that individually or in the aggregate are Material, including all such properties reflected in the most recent audited balance sheet referred to in Section 5.5 or purported to have been acquired by the Company or any Subsidiary after said date (except as sold or otherwise disposed of in the ordinary course of business), in each case free and clear of Liens prohibited by this Agreement. All leases that individually or in the aggregate are Material are valid and subsisting and are in full force and effect in all material respects.

  • Leases The Property is not subject to any Leases other than the Leases described in the certified rent roll delivered to Lender in connection with the closing of the Loan (the “Certified Rent Roll”), which rent roll is true, complete and accurate in all respects as of the Closing Date. Borrower is the owner and lessor of landlord’s interest in the Leases. No Person has any possessory interest in the Property or right to occupy the same except under and pursuant to the provisions of the Leases. The current Leases are in full force and effect, and, to Borrower’s knowledge after due inquiry, there are no defaults thereunder by either party and there are no conditions that, with the passage of time or the giving of notice, or both, would constitute defaults thereunder. No Rent has been paid more than one (1) month in advance of its due date. All security deposits are held by Borrower in accordance with applicable law. All work to be performed by Borrower under each Lease has been performed as required and has been accepted by the applicable Tenant, and any payments, free rent, partial rent, rebate of rent or other payments, credits, allowances or abatements required to be given by Borrower to any Tenant has already been received by such Tenant. There has been no prior sale, transfer or assignment, hypothecation or pledge of any Lease or of the Rents received therein which is outstanding. To Borrower’s knowledge after due inquiry, no Tenant listed on the Certified Rent Roll has assigned its Lease or sublet all or any portion of the premises demised thereby, no such Tenant holds its leased premises under assignment or sublease, nor does anyone except such Tenant and its employees occupy such leased premises. Except as disclosed to Lender in writing, no Tenant under any Lease has a right or option pursuant to such Lease or otherwise to purchase all or any part of the leased premises or the building of which the leased premises are a part. No Tenant under any Lease has any right or option for additional space in the Improvements.

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