To Third Parties. Prior to Licensor’s acquisition of the Initial Property, HRF entered into an agreement (the “Third Party Lease”) pursuant to which HRF leases the CPR Ag Lots currently designated as Puuwai-5, Puuwai-6 and Kaulana-12 to a third party (the “Tenant”). Pursuant to the Third Party Lease, the term of the Third Party Lease expires on October 31, 2023 and the Tenant has the exclusive right to use and occupy Puuwai-5, Puuwai-6 and Kaulana-12 until then. To the extent that the Third Party Lease remains in effect as of the Commencement Date and the Ag Lot is located within Puuwai-5 and/or Puuwai-6, this Agreement, and Licensee’s rights under this Agreement, shall be subject to the Third Party Lease and the Tenant’s right to use and occupy the Ag Lot (or portion thereof) located within Puuwai-5 and/or Puuwai-
Appears in 1 contract
Sources: Month to Month License Agreement
To Third Parties. Prior to Licensor’s acquisition of the Initial Property, HRF entered into an agreement (the “Third Party Lease”) ), pursuant to which HRF leases the CPR Ag Lots currently designated as Puuwai-5, Puuwai-6 and Kaulana-12 to a third party (the “Tenant”). Pursuant to the Third Party Lease, the term of the Third Party Lease expires on October 31, 2023 and the Tenant has the exclusive right to use and occupy Puuwai-5, Puuwai-6 and Kaulana-12 until then. To the extent that the Third Party Lease remains in effect as of the Commencement Date and the Ag Lot is located within Puuwai-5 and/or Puuwai-6, this Agreement, and Licensee’s rights under this Agreement, shall be subject to the Third Party Lease and the Tenant’s right to use and occupy the Ag Lot (or portion thereof) located within Puuwai-5 and/or Puuwai-
Appears in 1 contract
Sources: 99 Year License Agreement