Target Lease Clause Samples
The Target Lease clause defines the specific lease agreement that is the subject of a transaction or reference within a contract. It typically identifies the lease by including details such as the property address, the parties involved, and the effective date, ensuring there is no ambiguity about which lease is being discussed. By clearly designating the relevant lease, this clause helps prevent misunderstandings and ensures that all parties are aligned regarding the obligations and rights associated with that particular lease.
Target Lease. ▇▇▇▇▇▇▇ agrees to cause Target to assign to Innovative Health Insurance Partners, LLC (“Innovative”) Target’s obligations under that certain Office Building Lease dated June 13, 2012 by and between CRT Signature Place, L.P. as Landlord and Target, as Tenant (the “Target Lease”), including the security deposit paid under the Target Lease ($15,694.56), such assignment to occur prior to or as soon as practicable following Closing. In the event of such assignment, ▇▇▇▇▇▇▇ shall cause Innovative to allow the Surviving Corporation to use that portion of the premises covered by the Lease currently used by Target until May 31, 2015, and the Surviving Corporation will be obligated to pay Innovative $10,000 per month on or before the first day of each month beginning June 1, 2014 and ending May 1, 2015 for such use. In the event that ▇▇▇▇▇▇▇ is unable to effect such assignment, the Members agree to indemnify and hold harmless the Purchaser Indemnitees for all payments required to be made by the Surviving Corporation under the Target Lease (including payments made pursuant to this Section 6.15) in excess of $120,000.
Target Lease. The GDC Owners acknowledges that Brandywine Condominium has commenced the process of negotiating to enter into a lease with Target Corporation (the “Target Lease”) of an additional 21,968 square feet of space set forth on Exhibit L attached hereto (the “Additional TC Space”) at an annual rental rate of $273,093.10 over an initial term of ten (10) years, and with the tenant additionally obligated to pay its proportionate share of real estate taxes (the “Base Target Rate”). The calculation of the Aspen Merger