FedEx Lease definition
Examples of FedEx Lease in a sentence
FedEx has no claim against Borrower and no offset or defense to enforcement of any of the terms of the FedEx Lease.
Lender shall have the right to approve (i) any plans and specifications prepared in connection with the Expansion, (ii) the lease rate to be paid by FedEx upon substantial completion of the Expansion, as well as any amendment to the FedEx Lease confirming said new rent amount or any other matter Borrower has approval rights regarding the Expansion and (iii) all hard and soft costs for the Expansion (the “Expansion Costs”) and the schedule of the work to complete the Expansion.
Borrower agrees that Lender may disclose financial information regarding FedEx that is provided to Lender pursuant to the Loan Agreement, including pursuant to this Section 9.1, in connection with the securitization of the Loan to a trust, provided that such disclosure shall be subject to Lender’s customary confidentiality procedures, including, with respect to distribution of the FedEx Lease, via a process that currently includes a click-through confidentiality acknowledgment.
Neither Party shall be liable for any loss, injury, delay or damages suffered or incurred by the other Party due to the above causes.
To the extent permitted under the FedEx Lease, Lender shall have the right to approve the lease rate to be paid by FedEx upon substantial completion of the Expansion, as well as any amendment to the FedEx Lease confirming said new rent amount or any other matter Borrower has approval rights regarding the Expansion.
Borrower acknowledges and agrees that under the Effingham FedEx Lease, FedEx may request that the Effingham Individual Borrower build an expansion of the Improvements on the Effingham Individual Property (the “Expansion Space”).
Borrower shall pay all Taxes and Other Charges now or hereafter levied or assessed or imposed against the Property or any part thereof as the same become due and payable; provided, however, Borrower’s obligation to directly pay Taxes shall be suspended if such Taxes are paid directly by FedEx pursuant to the FedEx Lease and for so long as Borrower complies with the terms and provisions of Section 7.2 hereof.
All improvements required to be completed by Borrower under the FedEx Lease have been completed and there are no sums due to FedEx from Borrower and no allowances from Borrower to FedEx that have not been paid.