Immovable Property Leases definition

Immovable Property Leases means the leases in terms of which the leased premises, owned by
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Immovable Property Leases shall have the meaning attributed thereto in Section 3.2.
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Examples of Immovable Property Leases in a sentence

  • The Seller shall use its best efforts to obtain estoppel certificates from the applicable landlord in respect of each of the Immovable Property Leases listed in Schedule 1.7 and to obtain the consents and releases listed in Schedule 1.7, each to be in form and substance satisfactory to the Purchaser, acting reasonably.

  • The Purchaser acknowledges that the Seller is a party to various Contracts with customers and Immovable Property Leases which, by their terms, require the Seller to seek and obtain certain consents and releases prior to their assignment to the Purchaser as contemplated in this Agreement.

  • No other Person owns any property and assets which are being used in the Acquired Business except for the premises subject to the Immovable Property Leases and the movable property leased by the Seller pursuant to any Contracts.

  • The Seller hereby grants to the Purchaser an appropriate power of attorney to act in the name of the Seller with respect to such Contracts and Immovable Property Leases for the Purchaser's own account and the Seller agrees to remit promptly to the Purchaser all collections received by the Seller in respect thereof.