CSL Lease definition
Examples of CSL Lease in a sentence
Other than the CSL Lease, there are no leases or other occupancy agreements affecting the Property.
There are no contracts affecting the Property, other than (i) the CSL Lease, (ii) contracts included in the Title Exception Documents, and (iii) the contracts listed on Exhibit M attached hereto.
Seller shall not further encumber the Property or allow an encumbrance upon the title to the Property, or modify the terms or conditions of any existing leases, contracts or encumbrances, if any, except for the CSL Lease, without the written consent of Purchaser.
If Purchaser timely delivers to Seller the Title and Survey Objections, Seller shall have the right, but not the obligation, to cure or remove any such Title and Survey Objections within thirty (30) days after receiving notice thereof, provided Seller shall, at Closing, cause the removal of all monetary liens against the Property and shall, subject to Section 18 below, obtain a release of the Property from the CSL Lease at its sole cost and expense.
Except as set forth on SCHEDULE 4.11, CSL or each CSL Subsidiary has the right to use its respective CSL Leased Premises in accordance with the terms of each respective CSL Lease free and clear of all Claims.
Purchaser acknowledges that Seller does not currently own the Property but Seller agrees to use its commercially reasonable and diligent efforts (including exercising any remedies available to it under the CSL Lease to compel CSL's performance) to acquire it at or prior to Closing from CSL, the current owner.