Current Lessee definition
Examples of Current Lessee in a sentence
Lessor has no actual knowledge of any default under the Current Lease on the part the Current Tenant, and Lessor has received no notice from the Current Tenant that Lessor is in default under the Current Lease, nor does Lessor have any knowledge of the existence of any facts or circumstances which, with the giving of notice and the passage of time, will constitute in default by either the Current Lessee or Lessor under the Current Lease.
Each Loan Party shall use its commercially reasonable efforts to obtain the consent of the respective lessors to the assignment of each of the Retained Leases (as defined in Schedule 8.1.16) from the Current Lessee (as defined in Schedule 8.1.16) to the New Lessee (as defined in Schedule 8.1.16) as promptly as practicable after the Closing Date.
The compensation for a Current Lessee shall be the amount set forth in Exhibit B (for Hyundai Class Vehicles) and Exhibit C (for KIA Class Vehicles) in accordance with the specific Class Vehicle the Current Lessee leases.
From and after the Effective Date, Lakeland Hills LP and ▇▇▇▇▇▇ ▇▇ shall (i) be jointly and severally liable for all of the obligations of the "Lessee" under the Master Lease, as hereby amended, and (ii) assume jointly and severally with Current Lessee, all obligations of "Lessee" arising under the Master Lease, as hereby amended, on, prior to or after the Effective Date.
From and after the Effective Date, Fox Run LLC shall (i) be jointly and severally liable for all of the obligations of the "Lessee" under the Master Lease, as hereby amended, and (ii) assume jointly and severally with Current Lessee, all obligations of "Lessee" arising under the Master Lease, as hereby amended, on, prior to or after the Effective Date.
Lessee may take early possession of the Premises at such time as the Current Lessee has vacated the Premises (estimated not to be earlier than January 23, 1999), provided that Lessee has paid Base Rent pursuant to paragraph 1.6 of the Lease ($55,601.00), the Security Deposit pursuant to paragraph 1.9 of the Lease ($200,000.00), and has complied with the insurance requirements under paragraph 8.2(a) of the Lease ("Early Possession Date").
From and after the Effective Date, Emeritus Corporation, a Washington Corporation ("Emeritus") shall (i) be jointly and severally liable for all of the obligations of the “Lessee” under the Master Lease, as hereby amended, and (ii) assume jointly and severally with Current Lessee, all obligations of “Lessee” arising under the Master Lease, as hereby amended, on, prior to or after the Effective Date.
Current Lessee agrees on the Effective Date to transfer (or credit) to New Lessee the amount of the security deposit.
L▇▇▇▇▇ and L▇▇▇▇▇ acknowledge and agree that, to the extent any of the foregoing charges and expenses relate to any period prior to the Commencement Date, the same are or will be prorated and adjusted between Current Lessee, Current Manager and Lessee pursuant to the applicable Operations Transfer Agreement(s) and, accordingly, Lessee shall be responsible for paying the same from and after the Commencement Date, whether or not the same relate to any periods prior to the Commencement Date.
This letter agreement will be effective against Sublessee upon its signatures by Sublessee, Current Lessee and Lessor, and against each party upon the signature of all four parties shown below as parties hereto.