Sale or Transfer of the Property. If the property is to be sold or transferred by Lessor during the term of the Lease, Lessor may terminate the Lease by providing 90 days’ advance written notice of actual sale or transfer date. (5 )Lessee Termination - Lessee may terminate the Lease if it is reasonably determined the leased premises are no longer suitable for the intended usage under this Lease by virtue of the site’s unsuitability as a Communications Facility Installation for Lessee’s purpose by providing 60 days’ prior written notice.
Sale or Transfer of the Property. If the property is to be sold or transferred by Lessor during the term of the lease, Lessor may terminate the lease by providing ninety (90) days advance written notice of actual sale or transfer date. (5)Lessee Termination - Lessee may terminate the lease if it is reasonably determined the leased premises are no longer suitable for the intended usage under this lease by virtue of the site’s unsuitability as a communications facility for Lessee’s purpose by providing sixty (60) days written notice. Replacement Site - In the event the property is required for federal use or Lessor identifies a federal use, or if the property is to be sold or transferred, Lessee shall have the first right of any private party to lease space at an alternative location at Lessor’s reasonable discretion. Subcontractors and Agent for Lessee: All work must be performed by skilled trades people who are accomplished at their craft and bonded against loss due to damages resulting directly or indirectly from work performed.
Sale or Transfer of the Property. This Agreement, which shall be duly recorded in the records of Valley County, Idaho, shall run with the land comprising the Property as provided further herein, and it shall be binding upon and benefit the City, Developer and any successor in interest to any portion of the Property. No person or entity acquiring any portion of the Property shall be permitted to develop, construct, erect, or install any building, utility, improvement or landscaping which does not conform in all respects to this Agreement. In the event that Developer or a successor in interest to Developer, sells or transfers the Property, or any portion thereof, written notice of said transaction shall be given to City no less than thirty (30) days prior to the closing in connection with such transfer. This requirement shall not apply to the sale and/or transfer of platted lots.
Sale or Transfer of the Property. If Government elects to sell or transfer title to the Leased Premises during the term of this Lease, Government may terminate this Lease upon ninety (90) days' written notice to LESSEE, except if LESSEE is bank or credit union, in which event Government will give 180 days' written notice.
Sale or Transfer of the Property. Notwithstanding any other provision of this Article 6, during the first two (2) years of the Initial Term, Tenant shall not be responsible for paying any increase of or reassessment in real estate taxes solely attributable to (i) an increase in the assessed value of the Building and/or underlying land (collectively, the “Property”) based upon a change of ownership as defined in Revenue and Taxation Code Section 61, or from major alterations, improvements, modifications or renovations to the Property, or (ii) any action, including without limitation, judicial action or action by initiative, which serves to repeal, modify and/or limit the application of Article XIIIA of the California Constitution (otherwise known as Proposition 13); provided, however, that this exclusion shall not apply to any lender which forecloses on the Property or takes a deed-in-lieu of foreclosure or any transferee of such a lender (or any subsequent transfer thereafter).
Sale or Transfer of the Property. The Purchaser hereby covenants and agrees not to sell, transfer or otherwise dispose of the Property, or any portion thereof (other than for individual tenant use as contemplated hereunder), without obtaining from the Purchaser’s purchaser or transferee the executed Assumption Agreement assuming the Purchaser’s duties and obligations under this Condominium Agreement and recording same in the real estate records of the County.
Sale or Transfer of the Property. Xxxxxx agrees that nothing in this Lease shall be construed to prevent Government from selling, assigning or otherwise transferring all or any part of Government’s fee simple interest in the Leased Premises subject to this Lease. Government shall have the right to terminate this Lease if Government sells the Leased Premises in accordance with applicable law governing the disposal by the Government during the term of this Lease. If the lease is terminated to allow the Government to sell the property, Lessee shall have the first right to buy the Leased Premises on terms no less favorable to the Government than offered to a third party. Lessee shall submit an offer to buy the property within ninety (90) days following such termination. If Government transfers all of Government’s fee simple interest in the Leased Premises subject to this Lease and the transferee assumes the same, Xxxxxx agrees that any and all obligations of Government under this Lease not then accrued shall terminate with respect to Government upon the effective date of such transfer and Lessee hereby releases Government from any obligations or covenants under this Lease which have not accrued prior to such effective date except as expressly set forth in this Paragraph 15. The transferee of Government’s interest shall have the obligation to perform all of the obligations and covenants of Government under this Lease including those obligations and covenants that shall have accrued with respect to the Government prior to the effective date of such transfer.
Sale or Transfer of the Property a. If the Borrower sells or otherwise transfers the Property before the repayment of the Loan in full, and in accordance with this Agreement, the Borrower shall repay the balance due on the Loan within thirty (30) calendar days after the effective date of such sale or other transfer of the Property.
Sale or Transfer of the Property. The Purchaser hereby covenants and agrees not to sell, transfer or otherwise dispose of the Property, or any portion thereof (other than for individual tenant use as contemplated hereunder), without obtaining from the Purchaser’s purchaser or transferee the executed Assumption Agreement assuming the Purchaser’s duties and obligations under this Condominium Agreement and recording same in the real estate records of the County. Delivery of a recorded copy of the Assumption Agreement shall constitute conclusive evidence that the sale or transfer complies with the transfer provisions of this Section and shall automatically release Purchaser from the indemnification provisions of Paragraph 3 hereof except for any act or omission committed by Purchaser prior to the recordation date of the Assumption Agreement.
Sale or Transfer of the Property. Any sale or transfer of the Property by LESSOR shall be subject to LESSEE’s rights under this Lease.
