Subleasing Obligation, Rights Sample Clauses

Subleasing Obligation, Rights and Procedures‌ Lessee shall diligently pursue subleasing of Residential Units to qualified Sublessees. The Premises will contain Residential Units, with associated storage areas (as may be applicable) and Associated Property. Lessee shall have the right to sublease Residential Units subject to the provisions of this Section 7.5. All subleases require the prior written consent of Xxxxxx. All subleases in excess of one year will include a minimum CPI increase. All subleases in excess of three years shall also require a fair market value rent study at every three (3) year interval, including options. In the last twelve (12) months of the Lease Term, Lessor may approve subleases, on a case-by-case basis, in excess of the term provided that such subleases are assignable to NPS as Lessor or a successor master xxxxxx. All Subleases shall comply with all terms and provisions hereof. Each Sublease shall require a security deposit equal to a minimum of one (1) month's rent. Each Residential Unit shall have only one Sublease, and Sublessees may sublease only one (1) Residential Unit. All other Subleases or licenses for, e.g., parking, vending machines, Fixtures, shall be subject to the prior written consent of Lessor, which may be withheld in Lessor's sole and absolute discretion. Lessee shall not collect rent in advance more than one (1) month. Subleases shall transfer to NPS or a successor master xxxxxx (as determined in NPS’s sole and absolute discretion) at expiration or termination of the Lease.
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Related to Subleasing Obligation, Rights

  • Termination Rights This Agreement may be terminated at any time prior to the Closing:

  • Union Rights Section One. Employer representatives shall deal exclusively with Union designated stewards or representatives in the processing of grievances or any other aspect of contract administration.

  • Post-Closing Obligations Seller and Buyer agree to the following post-Closing obligations:

  • Termination Right The Representative shall have the right to terminate this Agreement at any time prior to any Closing Date, (i) if any domestic or international event or act or occurrence has materially disrupted, or in its opinion will in the immediate future materially disrupt, general securities markets in the United States; or (ii) if trading on any Trading Market shall have been suspended or materially limited, or minimum or maximum prices for trading shall have been fixed, or maximum ranges for prices for securities shall have been required by FINRA or by order of the Commission or any other government authority having jurisdiction, or (iii) if the United States shall have become involved in a new war or an increase in major hostilities, or (iv) if a banking moratorium has been declared by a New York State or federal authority, or (v) if a moratorium on foreign exchange trading has been declared which materially adversely impacts the United States securities markets, or (vi) if the Company shall have sustained a material loss by fire, flood, accident, hurricane, earthquake, theft, sabotage or other calamity or malicious act which, whether or not such loss shall have been insured, will, in the Representative’s opinion, make it inadvisable to proceed with the delivery of the Securities, or (vii) if the Company is in material breach of any of its representations, warranties or covenants hereunder, or (viii) if the Representative shall have become aware after the date hereof of such a material adverse change in the conditions or prospects of the Company, or such adverse material change in general market conditions as in the Representative’s judgment would make it impracticable to proceed with the offering, sale and/or delivery of the Securities or to enforce contracts made by the Underwriters for the sale of the Securities.

  • Surviving Obligations The obligations of the Company and your obligations under this Agreement shall survive the expiration of this Agreement to the extent necessary to give effect to this Agreement.

  • Continuing Obligation The Contractor's duty to indemnify continues in full force and effect, notwithstanding the expiration or early cancellation of the contract, with respect to any claims based on facts or conditions that occurred before expiration or cancellation.

  • TENANCIES AND RESTRICTIVE COVENANTS The Property is believed to be and shall be taken to be correctly described and is sold subject to all express conditions, restrictions-in-interest, caveats, leases, tenancies, easements, liabilities, encumbrances and rights, if any, subsisting thereon or thereover without the obligation to define the same respectively and the Purchaser is deemed to have full knowledge thereof.

  • Union Representation Rights 1. The interpretation and application of the provisions of this Award shall be grievable under Article 15. Any such grievance may be introduced at Step B and shall be subject to priority arbitration.

  • Continuing Obligations The rights and obligations of the Parties that, by their nature, would continue beyond the expiration or termination of this Agreement, e.g., "Liability and Risk of Loss" and "Intellectual Property Rights"-related clauses shall survive such expiration or termination of this Agreement.

  • Assignment of Rights and Obligations (a) Without Owners’ prior written consent, Managing Agent shall not sell, transfer, assign or otherwise dispose of or mortgage, hypothecate or otherwise encumber or permit or suffer any encumbrance of all or any part of its rights and obligations hereunder, and any transfer, encumbrance or other disposition of an interest herein made or attempted in violation of this paragraph shall be void and ineffective, and shall not be binding upon Owners. Notwithstanding the foregoing, Managing Agent may assign its rights and delegate its obligations under this Agreement to any subsidiary of Parent so long as such subsidiary is then and remains Controlled by Parent.

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