Examples of Existing Landlord in a sentence
Landlord shall, and hereby does, assume all obligations of Existing Landlord under the Existing Lease with respect to broker commission obligations.
For the purposes hereof, “Tenant’s Holdover Damages” shall be equal to the Holdover Premium, as hereinafter defined, payable by Tenant to its Existing Landlord, as hereinafter defined, during the Holdover Period.
Prior to the Closing, upon ten (10) business days’ request by Existing Landlord, Tenant shall deliver to Existing Landlord (for the benefit of Existing Landlord and Landlord) an Occupancy Certificate in accordance with Section 16 of the Lease.
Purchaser shall not assume, in connection with the transaction contemplated hereby, any liability or obligation of Seller or Existing Landlord, and Seller shall retain responsibility for, all liabilities and obligations that (i) relate to the period prior to Closing and/or (ii) arise from Seller’s leasing and operation of the Facilities prior to Closing, whether or not accrued and whether or not disclosed.
Tenant has not assigned or sublet, pledged, hypothecated or encumbered its interest in the Lease without the prior written consent of the Existing Landlord, or if such consent has been given, the details of any such assignment, subletting, pledge or hypothecation are described on Exhibit A.