Examples of CVS Lease in a sentence
No such waiver shall be effective if such shall be deemed a default under the CVS Lease, the RBC Centura Bank Lease, the Starbucks Lease, or the Fresh Market Lease.
CVS Premises" shall mean those certain premises within the Shopping Center that are leased by CVS, as Tenant, from Developer, as Landlord, pursuant to the CVS Lease.
CVS Lease" shall mean that certain Lease Agreement dated as of March 2, 2001 as amended on May 18, 2001 between Developer, as Landlord, and CVS, as Tenant, for the Lease of the CVS Premises by CVS from Developer as same may be assigned, amended, modified, extended or renewed from time to time.
For the avoidance of doubt, failure to satisfy the Reserve Completion Requirements will not constitute a Default so long as (i) Borrower timely deposits $1,250,000 into the Reserve Account and (ii) Borrower is otherwise in compliance with the other covenants in this Agreement relating to completion of construction (e.g., Borrower has satisfied the requirements regarding completion of the Improvements set forth in the CVS Lease and there is no default under Section 4.1(i)).
If, for any reason, Rice waives its right to receive the Lease Payment or Borrower has no further obligation to make the Lease Payment and CVS terminates the CVS Lease, then Lender shall continue to hold the Lease Reserve until the CVS Reletting Requirement has been satisfied (at which time, so long as no Event of Default exists, Lender will return the funds on deposit in the Lease Reserve Account to Borrower).
In the event Seller and CVS have not entered into the CVS Lease Amendment within such 75-day period, Seller may extend the time in which to enter into the CVS Lease Amendment for an additional period of up to thirty (30) days by delivering written notice of such extension to Purchaser; provided, however, in no event may Closing be extended beyond January 15, 2013.
Borrower acknowledges that the CVS Lease provides that CVS will have a period of time within which to conduct due diligence with respect to the Property and its intended use by CVS and to obtain all permits and approvals required for CVS to construct improvements to the leased premises described in the CVS Lease and to operate its business therefrom.
Currently making repairs to the building.Public Comment - suggest Fuddruckers for the locationLouis Mansour - Sounds good! They have been pushing two restaurants in the space to split the 6000 sf that Chillis used.Public Comment Any status on the old CVS/Longs space, or Bistro 33?Louis Mansour - CVS Lease is still in place, but they are looking to find a new tenant - Mansour Co. doesn’t own the Town Center Marketplace property any longer.
As used in this Agreement, the term “Lease Trigger TERM LOAN AGREEMENT - Page 17 Event” means the occurrence of either or both of the following events: (i) CVS elects to terminate the CVS Lease pursuant to the provisions of Part II, Section 2 of the CVS Lease (in which Borrower shall promptly notify Lender of such termination), or (ii) Borrower fails to deliver to Lender, on or before November 7, 2011, an original SNDA from Rice, in form reasonably acceptable to Lender.