Head Lease Acceptance Notice definition

Head Lease Acceptance Notice means a Notice delivered by the Purchaser to the Sellers on or before the end of the Due Diligence Period which confirms that the Purchaser intends to take an assignment of the Head Lease from all parties thereto to the Purchaser (or as the Purchaser directs) on the Closing Date. For certainty, if no such Notice is delivered prior to such time, the Purchaser will not assume, and the Sellers will not assign the Head Leases on Closing.
Sample 1

Examples of Head Lease Acceptance Notice in a sentence

  • An Assignment, Assumption, and Release of each of the Head Leases from the Sellers in the form of Exhibit N attached hereto and by this reference incorporated herein (together, the “Head Lease Assignments”), or, if the Head Lease Acceptance Notice is not delivered pursuant to the terms hereof, reasonable evidence satisfactory to the Purchaser that the Head Leases have been fully and finally surrendered prior to the Closing Date in a manner acceptable to the Purchaser, acting reasonably.

  • Sellers shall have received any and all approvals, consents, and other authorizations required by the Condominium Documents, the Management Agreements and, if the Head Lease Acceptance Notice has been delivered, the Head Leases, including without limitation (if the Head Lease Acceptance Notice has been delivered), the Head Lease Assignments as a result of the transactions set forth in this Agreement.

  • If the Head Lease Acceptance Notice is not delivered, all Liabilities under the Head Leases from and after the Closing Date.

  • If the Purchaser delivers the Head Lease Acceptance Notice, all of each Seller’s and the Head Lessee’s rights, title, and interest in and to the Head Leases.

Related to Head Lease Acceptance Notice

  • Acceptance Notice shall have the meaning set forth in Section 7.8(b).

  • Completion Notice means a notice issued by the Developer in accordance with clause 6.1.

  • Non-Extension Notice has the meaning specified in Section 2.10.

  • Non-Extension Notice Date has the meaning specified in Section 2.03(b)(iii).

  • Second Extension Option shall have the meaning set forth in Section 2.2.1(b) hereof.

  • Termination Notice means the communication issued in accordance with this Agreement by one Party to the other Party terminating this Agreement;

  • Early Termination Notice is defined in Section 4.2 of this Agreement.

  • Notice of Acceptance means the written notification and any accompanying documentation sent to the Consultant by the Principal advising acceptance of its Tender to provide the Services under the Contract.

  • Extension Option shall have the meaning set forth in Section 2.5(c) hereof.

  • Conditional Acceptance means a conditional acceptance by the Liquidity Provider of an extension of the Scheduled Termination Date.

  • Extension Notice has the meaning specified in Section 308.

  • Addition Notice With respect to the transfer of Subsequent Mortgage Loans to the Trust Fund pursuant to Section 2.08, a notice of the Depositor's designation of the Subsequent Mortgage Loans to be sold to the Trust Fund and the aggregate principal balance of such Subsequent Mortgage Loans as of the Subsequent Cut-off Date. The Addition Notice shall be given not later than three Business Days prior to the related Subsequent Transfer Date and shall be substantially in the form attached hereto as Exhibit P.

  • Reduction Notice has the meaning set forth in Section 1.3.

  • Early Termination Notice Date Any date as of which the aggregate Stated Principal Balance of the Mortgage Loans (including REO Mortgage Loans) is less than 1.0% of the sum of the aggregate Cut-Off Date Balance of the Mortgage Pool initially included in the Trust Fund.

  • Renewal Option has the meaning set forth in §12.1.

  • Notice of Completion means a document issued by the Department or Delegated Agency at the end of project construction when all items and conditions of the approved Sediment and Stormwater Management Plan have been satisfied, post construction verification documents demonstrate that the stormwater management systems have been constructed in accordance with the approved Sediment and Stormwater Management Plan, and final stabilization of disturbed areas on the site has been achieved.

  • Letter of Acceptance means the letter of formal acceptance, signed by the contractor. Procuring Entity, including any annexed memoranda comprising agreements between and signed by both Parties.

  • Rejection Notice has the meaning specified in Section 2.05(b)(v).

  • Date of Acceptance means the date, which appears on the Notice of Acceptance and if no date appears is the date on which the Principal sent the Notice of Acceptance accepting the Contractor’s Tender.

  • Election Notice has the meaning set forth in Section 11.01(b).

  • Option Notice has the meaning set forth in Section 5.2(a).

  • Non-Renewal Notice shall have the meaning set forth in Section 2.