AMP Lease definition
Examples of AMP Lease in a sentence
Lessor shall, at no expense to Lessor, reasonably cooperate with Lessee (including, without limitation, to execute such documents as are reasonably required by Lessee), to secure possession of the portion of the Building that is subject to the AMP Lease.
If Lessee and Lessor enter into a Merged Lease (as defined below), then for renewal purposes, the "contractual rent" shall mean the Base Rent under this Lease plus the "Base Rent" under the AMP Lease.
No such amendment to this Lease shall be effective (i) unless and until same is executed and delivered by Lessor and (ii) a corresponding amendment to the AMP Lease is executed and delivered to Lessor by AMP wherein AMP decreases its portion of the property leased under the AMP Lease by the portions so added by Lessee.
For clarification purposes, any reduction in Rent (or increase in Rent) under this Lease shall be balanced by a simultaneous and equal increase in Rent (or decrease in Rent) under the AMP Lease.
Unless terminated earlier as provided therein, the AMP Lease expires at the end of the Base Term and is not subject to renewal.
Notwithstanding the foregoing, in the event that Guarantor (or Lessee if there is no Guarantor) fails to satisfy the Trigger Rating, then Lessee shall only be permitted to leave Liens in place during contest (and not discharge or bond such Liens) to the extent that such Liens, together with any Liens under the AMP Lease, in the aggregate, amount to less than One Million Dollars ($1,000,000.00).
Lessor shall take such actions as are reasonably requested by Lessee to enforce Lessor's rights under Article 10 of the AMP Lease, all costs of such actions to be at Lessee's expense.
In the event that Lessee has the right under this Section 12.l (a) to make an election between Section 12.l(a)(i) and 12.l(a)(ii), Lessee's election shall apply equally to the Property and to the portion of the Building not leased to Lessee hereunder, pursuant to Section 1 of the AMP Lease; provided that in no event shall Lessor be entitled to any "double" payment of the Stipulated Loss Value or Net Proceeds, or any portion thereof, or any other payment made in connection with this Article 12.
Lessor shall take such actions as are reasonably requested by Lessee to enforce Lessor's rights under Article 10 of the AMP Lease.
The Property and the improvements, together with the "Property" leased under the AMP Lease, is covered by an ▇▇▇▇▇▇▇ Title Guaranty Company (or an equivalent form of) Title Policy in the original principal amount of $48,000,000.00, subject only to the exceptions stated therein (or a pro forma title policy or marked up title insurance commitment on which the required premium has been paid exists which evidences that such Title Policy will be issued).