Suite 230 Clause Samples

Suite 230. The Parties agree and acknowledge that as of the Effective Date, JEP does not own Suite 230, but rather has only a contractual right to purchase Suite 230 and that the Parties intend that JEP shall acquire fee title to ▇▇▇▇▇ ▇▇▇ prior to Closing. Accordingly, the Parties agree and acknowledge that none of the representations made by JEP in Section 6.1 of this Agreement shall be effective with respect to Suite 230 as of the Effective Date. If JEP acquires fee title to ▇▇▇▇▇ ▇▇▇ prior to the Closing Date and delivers a certificate to Purchaser making the same representations with respect to Suite 230 that the Sellers have made in Section 6.1 with respect to the Portfolio (the “JEP Closing Certificate”), then, subject to Purchaser’s rights as set forth elsewhere in this Agreement, Purchaser shall be obligated to take title to Suite 230. In the event that JEP does not own Suite 230 as of the Closing Date or is not willing to deliver the JEP Closing Certificate, each of Sellers and Purchaser shall have the right to terminate this Agreement with respect to Suite 230 only (but not with respect to the remainder of the Portfolio), in which event the Purchase Price shall be reduced by the amount of Three Hundred Fifty Thousand and No/100 dollars ($350,000.00) and the Parties rights with respect to the remainder of the Portfolio shall be unaffected. JEP shall be obligated to deliver a JEP Closing Certificate unless JEP has a bona fide, good faith belief that any representation set forth in Section 6.1 is untrue. While the representations contained herein are not to be deemed to apply to Suite 230 prior to the date on which JEP acquires title to Suite 230, in the event that Purchaser discovers any state of facts which would make any representation from any Seller untrue were such representation to be applicable to Suite 230, then Purchaser shall have the right to terminate this Agreement with respect to Suite 230 only (but not with respect to the remainder of the Portfolio), in which event the Purchase Price shall be reduced by the amount of Three Hundred Fifty Thousand and No/100 dollars ($350,000.00) and the Parties rights with respect to the remainder of the Portfolio shall be unaffected. At all times prior to Closing, JEP shall reasonably cooperate with Purchaser in Purchaser’s due diligence investigations with respect to Suite 230, and shall use commercially reasonable efforts to cause Cherokee to reasonably cooperate with Purchaser in Purchaser’s due diligence i...
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Suite 230. Pursuant to the terms of the Fourth Amendment, Landlord and Tenant agreed to terms with respect to Tenant's lease of Suite 230. Tenant shall lease Suite 230 pursuant to the terms set forth in the Fourth Amendment except as expressly provided in this Section 10 below. In the event the Condition Precedent is not satisfied on or before May 1, 2015, then all terms and provisions in this Fifth Amendment pertaining to Suite 230 shall automatically be deemed null and void, and of no further force or effect; provided, however, if the Condition Precedent is timely satisfied, then the terms and provisions in this Fifth Amendment pertaining to Suite 230 shall continue in full force and effect.
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Suite 230. Commencing on the Suite 230 Commencement Date and continuing throughout the Suite 230 Term, Tenant shall pay to Landlord Monthly Base Rent for Suite 230 as set forth in the schedule in this Section 4.2.2 below, but otherwise in accordance with the terms of the Lease. Landlord and Tenant acknowledge that such Monthly Base Rent schedule has been determined based on the assumption of a August 1, 2017 Suite 230 Commencement Date, and Landlord and Tenant hereby agree that if the Suite 230 Commencement Date does not occur on August 1, 2017, then such Monthly Base Rent schedule shall be deemed to be modified appropriately based on the actual Suite 230 Commencement Date (by way of example only, assuming the Suite 230 Commencement Date occurs on July 1, 2019, the initial Monthly Base Rent Tenant would be obligated to pay to Landlord with respect to Suite 230 would be $21,681.61 per month, subject to increase pursuant to the Monthly Base Rent schedule below). Period During Suite 230 Term Annualized Monthly Base Rent for Suite 230 Monthly Base Rent for Suite 230 Annual Rental Rate per Rentable Square Foot of ▇▇▇▇▇ ▇▇▇ ++ The amounts identified in the column entitled "Annual Rental Rate per Rentable Square Foot of Suite 230" are rounded amounts and are provided for informational purposes only.
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  • S.T If Federal Funds are not received on time, such funds will be invested, and shares purchased thereby will be issued, as soon as practicable.

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