Review of Lease Contracts Sample Clauses

Review of Lease Contracts. If the Company discovers or is notified by the Trustee, MBIA or the Certificateholders that any Lease Contracts are missing or defective (that is, mutilated, damaged, defaced, incomplete, improperly dated, clearly forged or otherwise physically altered) in any material respect, or, with respect to titled Equipment, that the certificate of title naming the Transferor as owner (if the related Lease Contract is not a Loan Contract) and naming the Trustee as first lienholder is not in the Lease Contract File, as of the Funding Termination Date, the Company shall correct or cure such omission, defect or other irregularity within 30 days from the date the Company discovered, or is notified by the Trustee, MBIA or the Certificateholders of, such omission or defect. Otherwise, the Company shall repurchase such Lease Contract from the Transferor or replace such Lease Contract with a Substitute Lease Contract in accordance with Section 3.04(c) hereof.
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Review of Lease Contracts. If the Company discovers or is notified by the Trustee, MBIA or the Certificateholders that any Lease Contracts are missing or defective (that is, mutilated, damaged, defaced, incomplete, improperly dated, clearly forged or otherwise physically altered) in any material respect, the Company shall correct or cure such omission, defect or other irregularity within 30 days from the date the Company discovered, or is notified by the Trustee, MBIA or the Certificateholders of, such omission or defect. Otherwise, the Company shall repurchase such Lease Contract from the Transferor or replace such Lease Contract with a Substitute Lease Contract in accordance with Section 3.04(c) hereof.
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Review of Lease Contracts. If the Company, any of the Contributors, the Transferor or the Trustee (who shall thereupon notify the Company) discovers that any Lease Contracts, Certificates of Title or Applications for Certificates of Title, as applicable, are missing or defective (that is, mutilated, damaged, defaced, incomplete, improperly dated, clearly forged or otherwise physically altered) in any material respect, the Company or the applicable Contributor shall correct or cure such omission, defect or other irregularity within 30 days from the date the Company or the applicable Contributor discovered, or is notified by the Trustee, the Bond Insurer or the Transferor of, such omission or defect within such period. Otherwise, the Company or the applicable Contributor shall purchase or replace such Lease Contract from the Transferor in accordance with Section 3.03 hereof.
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Review of Lease Contracts. If the Contributor or the Trustee (who shall thereupon notify the Contributor and the Issuer) discovers that any Lease Contracts are missing or defective (that is, mutilated, damaged, defaced, incomplete, improperly dated, clearly forged or otherwise physically altered) in any material respect, the Contributor shall correct or cure such omission, defect or other irregularity within thirty (30) days from the date the Contributor discovered such omission or defect, or from the date the Contributor is notified by the Trustee of such omission or defect. In the event the Contributor is unable to correct or cure such omission, defect or irregularity within the thirty (30) day period described in the preceding sentence, the Contributor shall purchase or replace such Lease Contract from the Issuer in accordance with Section 3.03 hereof.
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Review of Lease Contracts. 5 2.06 Nature of Transfer of Lease Receivables.................................................... 5
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Review of Lease Contracts. If any party to the Transaction Documents discovers that any Lease Contracts are missing or defective (that is, mutilated, damaged, defaced, incomplete, improperly dated, clearly forged or otherwise physically altered) in any material respect, LFC VI shall enforce its rights against LFG under the Lease Acquisition Agreement for the benefit of Issuer and the Indenture Trustee.
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Review of Lease Contracts. If the Company or the Indenture Trustee (who shall thereupon notify the Company) discovers that any Lease Contracts are missing or defective (that is, mutilated, damaged, defaced, incomplete, improperly dated, clearly forged or otherwise physically altered) in any material respect, the Company shall correct or cure such omission, defect or other irregularity within 30 days from the date the Company discovered, or is notified by the Indenture Trustee of, such omission or defect. Otherwise, the Company shall purchase such Lease Contract from the Issuer or replace such Lease Contract with a Substitute Lease Contract in accordance with Section 3.04(c) hereof.
Sample 1
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Review of Lease Contracts. If the Company, any of the Contributors, the Issuer or the Indenture Trustee (who shall thereupon notify the Company) discovers that any Lease Contracts are missing or defective (that is, mutilated, damaged, defaced, incomplete, improperly dated, clearly forged or otherwise physically altered) in any material respect, the Company or the applicable Contributor shall correct or cure such omission, defect or other irregularity within 30 days from the date the Company or the applicable Contributor discovered, or is notified by the Indenture Trustee, the Bond Insurer or the Issuer of, such omission or defect within such period. Otherwise, the Company or the applicable Contributor shall purchase or replace such Lease Contract from the Issuer in accordance with Section 3.03 hereof.
Sample 1

Related to Review of Lease Contracts

  • Approval of Leases, Contracts, Etc In fulfilling its duties to Owner, Manager may and hereby is authorized to enter into any leases, contracts or agreements on behalf of Owner in the ordinary course of the management, operation, maintenance and leasing of the Property.

  • Term of Leases All Leases for residential dwelling units with respect to the Mortgaged Property satisfy each of the following conditions:

  • Payment of Leasehold Obligations Each Borrower shall at all times pay, when and as due, its rental obligations under all leases under which it is a tenant, and shall otherwise comply, in all material respects, with all other terms of such leases and keep them in full force and effect and, at Agent’s request will provide evidence of having done so.

  • Lease Agreements 11 Section 3.15

  • Ground Lease Reserved.

  • 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.

  • Space Leases (i) Borrower has delivered a true, correct and complete schedule of all Space Leases as of the date hereof, which accurately and completely sets forth in all material respects, for each such Space Lease, the following (collectively, the “Rent Roll”): the name and address of the tenant with the name, title and telephone number of the contact person of such tenant; the lease expiration date, extension and renewal provisions; the base rent and percentage rent payable; all additional rent and pass-through obligations; and the security deposit held thereunder and the location of such deposit.

  • Assignment of Leases The Assignment of Leases creates a valid assignment of, or a valid security interest in, certain rights under the Leases, subject only to a license granted to Borrower to exercise certain rights and to perform certain obligations of the lessor under the Leases, including the right to operate the Property. No Person other than Lender has any interest in or assignment of the Leases or any portion of the Rents due and payable or to become due and payable thereunder.

  • Tenant Leases As of the Effective Date, the Property Owner is the lessor or landlord or the successor lessor or landlord under the Tenant Leases, and as of the Closing Date, the Company will be the lessor or landlord or the successor lessor or landlord under the Tenant Leases. The Lease Schedule/Rent Roll is true, accurate and correct in all material respects with respect to (i) the description of the Tenant Leases; (ii) to Property Owner's knowledge, the identities of the Tenants under the Tenant Leases; (iii) the space occupied by the Tenants; (iv) the expiration dates of the Tenant Leases; (v) the monthly base rental payable thereunder; (vi) unpaid Leasing Costs; (vii) commissions; (viii) the Tenant Security Deposits, and (ix) the Lease/amendments dates. Except as set forth on the Lease Schedule/Rent Roll, the Tenant Leases are in full force and effect and have not been modified. There are no written or oral promises, understandings or commitments between Property Owner and any Tenant other than those contained in the Tenant Leases. To Property Owner's knowledge, none of the Tenants have asserted any defense, set-off or counterclaim or raised any dispute with regard to its tenancy or its Tenant Lease. Except as set forth in the Lease Schedule/Rent Roll, there are no other leases or occupancy agreements to which Property Owner or the Company is a party affecting the Property, no rents under any of the Tenant Leases have been prepaid for more than one month, and there are no arrears in the payment of rents for than one month. Other than Leasing Costs pursuant to the Pending Transactions and other than the Tenant Leases or expansions or renewals between the Effective Date and Closing which have been approved by CBL/OP, there are no Leasing Costs for which CBL/OP or the Company shall become liable or that shall constitute a lien on the Property after Closing. Property Owner has delivered to CBL/OP a true, correct and complete copy of all Tenant Leases (including all amendments thereto).

  • Condition of Leased Property Tenant acknowledges receipt and delivery of possession of the Leased Property and Tenant accepts the Leased Property in its “as is” condition, subject to the rights of parties in possession, the existing state of title, including all covenants, conditions, restrictions, reservations, mineral leases, easements and other matters of record or that are visible or apparent on the Leased Property, all applicable Legal Requirements, the lien of any financing instruments, mortgages and deeds of trust existing prior to the Commencement Date or permitted by the terms of this Agreement, and such other matters which would be disclosed by an inspection of the Leased Property and the record title thereto or by an accurate survey thereof. TENANT REPRESENTS THAT IT HAS INSPECTED THE LEASED PROPERTY AND ALL OF THE FOREGOING AND HAS FOUND THE CONDITION THEREOF SATISFACTORY AND IS NOT RELYING ON ANY REPRESENTATION OR WARRANTY OF LANDLORD OR LANDLORD’S AGENTS OR EMPLOYEES WITH RESPECT THERETO AND TENANT WAIVES ANY CLAIM OR ACTION AGAINST LANDLORD IN RESPECT OF THE CONDITION OF THE LEASED PROPERTY. LANDLORD MAKES NO WARRANTY OR REPRESENTATION, EXPRESS OR IMPLIED, IN RESPECT OF THE LEASED PROPERTY OR ANY PART THEREOF, EITHER AS TO ITS FITNESS FOR USE, DESIGN OR CONDITION FOR ANY PARTICULAR USE OR PURPOSE OR OTHERWISE, AS TO THE QUALITY OF THE MATERIAL OR WORKMANSHIP THEREIN, LATENT OR PATENT, IT BEING AGREED THAT ALL SUCH RISKS ARE TO BE BORNE BY TENANT. To the maximum extent permitted by law, however, Landlord hereby assigns to Tenant all of Landlord’s rights to proceed against any predecessor in interest or insurer for breaches of warranties or representations or for latent defects in the Leased Property. Landlord shall fully cooperate with Tenant in the prosecution of any such claims, in Landlord’s or Tenant’s name, all at Tenant’s sole cost and expense. Tenant shall indemnify, defend, and hold harmless Landlord from and against any loss, cost, damage or liability (including reasonable attorneys’ fees) incurred by Landlord in connection with such cooperation.

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