WETHERSFIELD GROUND LEASE Sample Clauses

WETHERSFIELD GROUND LEASE. The Meditrust Entities shall use their best efforts to obtain the Wethersfield Ground Lessor's Estoppel Certificate. The parties hereto 66 <PAGE> acknowledge and agree that any disclosure in the Wethersfield Ground Lessor's Estoppel Certificate of the existence of any default under the Wethersfield Ground Lease shall not constitute a basis for the Purchaser to object to the Wethersfield Ground Lessor's Estoppel Certificate unless any such default under the Wethersfield Ground Lease is not cured or waived in writing on or prior to the Closing Date. (f)
Sample 1
AutoNDA by SimpleDocs
WETHERSFIELD GROUND LEASE. To the best of the Meditrust Parties' knowledge, the Wethersfield Ground Lease is in full force and effect, is valid and enforceable in accordance with its terms and has not been terminated. Other than any Permitted Exceptions relating to the Wethersfield, CT Leased Property, the Wethersfield Ground Lease constitutes the only agreement of any kind or nature between the Wethersfield Ground Lessor and any Meditrust Entity or by which the lessee under the Wethersfield Ground Lease may be bound. Meditrust previously held the tenant's interest under the Wethersfield Ground Lease and was not ever released from its liability thereunder. Meditrust assigned the tenant's interest under the Wethersfield Ground Lease to New Meditrust-LLC. New Meditrust-LLC currently holds the tenant's interest under the Wethersfield Ground Lease. A true and correct copy of the Wethersfield Ground Lease is included in the Due Diligence Materials. To the best of the Meditrust Parties' knowledge, except as disclosed on EXHIBIT FF-2 attached hereto, there is 95 <PAGE> no default by the Wethersfield Ground Lessor now existing under the Wethersfield Ground Lease, nor have any notices of default been sent to the Wethersfield Ground Lessor by Meditrust or New Meditrust-LLC nor received from the Wethersfield Ground Lessor by Meditrust or New Meditrust-LLC relating to any default under the Wethersfield Ground Lease which, as of the date hereof, remains uncured or has not been waived in writing. Other than rent due for the month in which this Agreement has been executed, no rent has been paid in advance under the Wethersfield Ground Lease, and neither Meditrust nor New Meditrust-LLC has any claim against the Wethersfield Ground Lessor for any deposits or prepaid expenses of any type. New Meditrust-LLC has not been given any free rent, partial rent, rebates, rent abatements or rent concessions of any kind by the Wethersfield Ground Lessor. The Wethersfield Ground Lessor is not holding a security deposit or any other escrow fund under the Wethersfield Ground Lease. To best of the Meditrust Parties' knowledge, the Wethersfield Ground Lessor has not (i) sought or consented to the appointment of a receiver or trustee for itself or for the Wethersfield, CT Land, (ii) filed a petition seeking relief under the bankruptcy or other similar laws of the United States or the State of Connecticut or (iii) made a general assignment for the benefit of creditors. The consent of the Wethersfield Ground Lessor is ...
Sample 1

Related to WETHERSFIELD GROUND LEASE

  • Ground Lease Reserved.

  • Operating Lease The parties hereto intend that this Lease shall be deemed for all purposes to be an operating lease and not a capital lease.

  • Ground Leases For purposes of this Exhibit C, a “Ground Lease” shall mean a lease creating a leasehold estate in real property where the fee owner as the ground lessor conveys for a term or terms of years its entire interest in the land and buildings and other improvements, if any, comprising the premises demised under such lease to the ground lessee (who may, in certain circumstances, own the building and improvements on the land), subject to the reversionary interest of the ground lessor as fee owner. With respect to any Mortgage Loan where the Mortgage Loan is secured by a Ground Leasehold estate in whole or in part, and the related Mortgage does not also encumber the related lessor’s fee interest in such Mortgaged Property, based upon the terms of the Ground Lease and any estoppel or other agreement received from the ground lessor in favor of Mortgage Loan Seller, its successors and assigns (collectively, the “Ground Lease and Related Documents”), Mortgage Loan Seller represents and warrants that:

  • Real Property Lease Except as set forth in Disclosure Schedule 1.1.(b), Seller has no leases of real property used or held for use in connection with the Business or the Purchased Assets.

  • Property Management Agreement The Property Management Agreement is in full force and effect and, to Borrower's Knowledge, there are no defaults thereunder by any party thereto and no event has occurred that, with the passage of time and/or the giving of notice would constitute a default thereunder.

  • No Light, Air or View Easement Any diminution or shutting off of light, air or view by any structure which may be erected on lands adjacent to or in the vicinity of the Building shall in no way affect this Lease or impose any liability on Landlord.

  • Lease Estoppels With respect to each Mortgage Loan secured by retail, office or industrial properties, the Mortgage Loan Seller requested the related Mortgagor to obtain estoppels from each commercial tenant with respect to the Certified Rent Roll (except for tenants for whom the related lease income was excluded from the Mortgage Loan Seller’s underwriting). With respect to each Mortgage Loan predominantly secured by a retail, office or industrial property leased to a single tenant, the Mortgage Loan Seller reviewed such estoppel obtained from such tenant no earlier than 90 days prior to the origination date of the related Mortgage Loan (or such longer period as Mortgage Loan Seller may deem reasonable and appropriate based on Mortgage Loan Seller’s practices in connection with the origination of similar commercial and multifamily loans intended for securitization), and to Mortgage Loan Seller’s knowledge, based solely on the related estoppel, (x) the related lease is in full force and effect and (y) there exists no material default under such lease, either by the lessee thereunder or by the lessor subject, in each case, to customary reservations of tenant’s rights, such as with respect to CAM and pass-through audits and verification of landlord’s compliance with co-tenancy provisions.

  • Real Property; Leasehold Neither the Company nor any of its Subsidiaries owns or has ever owned any real property. The Company has made available to Parent (a) an accurate and complete list of all real properties with respect to which the Company directly or indirectly holds a valid leasehold interest as well as any other real estate that is in the possession of or leased by the Company or any of its Subsidiaries, and (b) copies of all leases under which any such real property is possessed (the “Company Real Estate Leases”), each of which is in full force and effect, with no existing material default thereunder. The Company’s use and operation of each such leased property conforms to all applicable Laws in all material respects, and the Company has exclusive possession of each such leased property and has not granted any occupancy rights to tenants or licensees with respect to such leased property. In addition, each such leased property is free and clear of all Encumbrances other than Permitted Encumbrances. The Company has not received written notice from its landlords or any Governmental Body that: (i) relates to violations of building, zoning, safety or fire ordinances or regulations; (ii) claims any defect or deficiency with respect to any of such properties; or (iii) requests the performance of any repairs, alterations or other work to such properties.

  • TO LEASE This Rider No. 2 is made and entered into by and between SPUSV5 500 BRAND, LP, a Delaware limited partnership (“Landlord”), and EVERBRIDGE, INC., a Delaware corporation (“Tenant”), as of the day and year of the Lease between Landlord and Tenant to which this Rider is attached. Landlord and Tenant hereby agree that, notwithstanding anything contained in the Lease to the contrary, the provisions set forth below shall be deemed to be part of the Lease and shall supersede any inconsistent provisions of the Lease. All references in the Lease and in this Rider to the “Lease” shall be construed to mean the Lease (and all exhibits and Riders attached thereto), as amended and supplemented by this Rider. All capitalized terms not defined in this Rider shall have the same meaning as set forth in the Lease.

  • Real Estate Leases All leases, subleases, licenses, concessions, options, and other agreements relating to the occupancy of the Leased Real Property, including the right to all security deposits and other amounts and instruments deposited thereunder, are listed on Schedule 4.8.2 (collectively, the “Real Estate Leases”), and Seller has provided Buyer with a copy of such Real Estate Leases. Except as set forth in Schedule 4.8.2: (i) the Real Estate Leases have not been modified, amended, or assigned, are legally valid, binding and enforceable in accordance with their respective terms, and are in full force and effect; and (ii) to Seller’s knowledge, there are no material defaults (or matters that upon written notice or lapse of time would constitute material defaults) by Seller or by any other party to the Real Estate Leases.

Time is Money Join Law Insider Premium to draft better contracts faster.