RELEASE OF CERTAIN LAND; ASSIGNMENTS AND SUBLEASING Sample Clauses
The 'Release of Certain Land; Assignments and Subleasing' clause defines the conditions under which a tenant may be released from obligations related to specific portions of leased property, as well as the rules governing the transfer of lease rights to others. Typically, this clause outlines the process for the tenant to request a release of part of the leased premises, and sets requirements for obtaining the landlord's consent before assigning the lease or subleasing to another party. Its core function is to provide flexibility for tenants to adapt to changing space needs or business circumstances, while protecting the landlord's interests by ensuring control over who occupies the property and under what terms.
RELEASE OF CERTAIN LAND; ASSIGNMENTS AND SUBLEASING. 31 Section 9.1 Restriction on Sale of Facility; Release of Certain Land 31 Section 9.2 Removal of Equipment 31 Section 9.3 Assignment and Subleasing 32 Section 9.4 Merger of Agency 33 ARTICLE X EVENTS OF DEFAULT AND REMEDIES 33 Section 10.1 Events of Default Defined 33 Section 10.2 Remedies on Default 35 Section 10.3 Remedies Cumulative 35 Section 10.4 Agreement to Pay Attorneys’ Fees and Expenses 36 Section 10.5 No Additional Waiver Implied by One Waiver 36 Section 10.6 Certificate of No Default 36 ARTICLE XI EARLY TERMINATION OF LEASE AGREEMENT OPTION IN FAVOR OF COMPANY 36 Section 11.1 Early Termination of Lease Agreement 36 Section 11.2 Conditions to Termination of Lease Agreement 36 Section 11.3 Conveyance on Termination 37 ARTICLE XII LENDER PROVISIONS 37 Section 12.1 Subordination of Lease Agreement 37 Section 12.2 Mortgage and Pledge of Agency’s Interests to Lender 37 Section 12.3 Pledge of Company’s Interest to Lender 37 Section 12.4 Making of Loans; Disbursement of Loan Proceeds 38 Section 12.5 References to Lender, Loan or Mortgage 38 ARTICLE XIII ENVIRONMENTAL MATTERS 38 Section 13.1 Environmental Representations of the Company 38 Section 13.2 Environmental Covenants of the Company 39 Section 13.3 Survival Provision 42 ARTICLE XIV MISCELLANEOUS 42 Section 14.1 Notices 42 Section 14.2 Binding Effect 43 Section 14.3 Severability 43 Section 14.4 Amendments, Changes and Modifications 43 Section 14.5 Execution of Counterparts 43 Section 14.6 Applicable Law 43 Section 14.7 List of Additional Equipment; Further Assurances 43 Section 14.8 Survival of Obligations 43 Section 14.9 Table of Contents and Section Headings Not Controlling 43 Section 14.10 Waiver of Trial by Jury 44 EXHIBIT A Legal Description of Real Property EXHIBIT B Equipment EXHIBIT C PILOT Schedule EXHIBIT D Mortgage Requirements EXHIBIT E Sales Tax Agent Authorization Letter EXHIBIT F Sales Tax Registry EXHIBIT G Compliance with Labor Law, Executive Law and Civil Rights Law EXHIBIT H Exceptions to Representations and Warranties of Company EXHIBIT I Collateral Assignment, Financing Provisions SCHEDULE A Schedule of Definitions THIS LEASE AND PROJECT AGREEMENT, dated as of August 1, 2016 (this “Lease Agreement”), is between the TOWN OF BROOKHAVEN INDUSTRIAL DEVELOPMENT AGENCY, a public benefit corporation of the State of New York, having its office at ▇ ▇▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇ (the “Agency”), and AMERICAN CAPITAL ENERGY-MANORVILLE, LLC, a limited liabili...
RELEASE OF CERTAIN LAND; ASSIGNMENTS AND SUBLEASING. Section 9.1.
RELEASE OF CERTAIN LAND; ASSIGNMENTS AND SUBLEASING. 31 Section 9.1 Restriction on Sale of Company Facility; Release of Certain Land 31 Section 9.2 Removal of Equipment 31 Section 9.3 Assignment and Subleasing 32
RELEASE OF CERTAIN LAND; ASSIGNMENTS AND SUBLEASING. MORTGAGE AND PLEDGE OF INTERESTS 14 Restriction on Sale of Facility; Release of Certain Land 14 Removal of Equipment 14 Assignment and Subleasing 15 DEFAULT 16 Events of Default Defined 16 Remedies on Default 17 Remedies Cumulative 17 Agreement to Pay Attorneys' Fees and Expenses 18 No Additional Waiver Implied by One Waiver 18 EARLY TERMINATION OF AGREEMENT; OBLIGATIONS OF COMPANY 18 Early Termination of Agreement 18 Obligation to Purchase Facility 18 Conveyance on Purchase 18 MISCELLANEOUS 19 Notices 19 Binding Effect 19 Severability 19 Amendments, Changes and Modifications 19 Execution of Counterparts 20 Applicable Law 20 Recording and Filing 20 Survival of Obligations 20 Section Headings Not Controlling 20 No Broker 20 No Recourse; Special Obligation 20 No Joint Venture Created 21 THIS LEASEBACK AGREEMENT, dated as of March 1, 2013 (the "Leaseback Agreement"), is by and between the ORANGE COUNTY INDUSTRIAL DEVELOPMENT AGENCY, a public benefit corporation duly existing under the laws of the State of New York with offices at ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇ (the "Agency") and WALLKILL REALTY PARTNERS LLC, a limited liability company formed and validly existing under the laws of the State of New York, with offices at ▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇-▇▇▇, ▇▇▇ ▇▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇ (the "Company").
RELEASE OF CERTAIN LAND; ASSIGNMENTS AND SUBLEASING. Section 9.1. Restriction on Sale; Release of Certain Land 25 Section 9.2. Assignment and Subleasing by Lessee 25
RELEASE OF CERTAIN LAND; ASSIGNMENTS AND SUBLEASING
