Lease Assignment Date definition
Examples of Lease Assignment Date in a sentence
Moreover, no charges or other amounts are payable pursuant to this Article III for any period prior to the Lease Assignment Date.
Except as set forth in this Section 18.2, Landlord shall not convey or assign its interest or estate in this Lease, the Property, or any portion thereof, to a third party, other than, after the Lease Assignment Date, its right to receive any amounts payable to Landlord hereunder, and as permitted in Sections 1.01 and 10.09 of the Site 8 South Project Agreement.
From and after the Lease Assignment Date, Landlord shall pay or otherwise remove all fines, penalties and other monetary charges imposed by reason of the Existing Violations (it being acknowledged that, prior to the Lease Assignment Date, 42DP is obligated to perform the foregoing obligations pursuant to the Initial Ground Lease).
All Impositions for the fiscal year or tax year in which the first day of the applicable fiscal year after the Lease Assignment Date occurs or the term of this Lease expires shall be apportioned; provided, however, that if there shall be a Default or Event of Default hereunder, Tenant shall not be entitled to receive any credit due to Tenant on account of any such apportionment until such Default or Event of Default has been cured.
Subject to Section 4.1(b) and 4.1(c) hereof, Tenant shall pay or shall cause to be paid, as and when the same become due, all Impositions under this Lease attributable to the period from and after the first day of the applicable fiscal year after the Lease Assignment Date.
Percentage Rent for each Lease Year, if any, shall be paid, in arrears, annually to Landlord no later than February 15 of each Lease Year after the Lease Assignment Date and shall be accompanied by a Percentage Rent Report.
For the avoidance of doubt, the sale, transfer, assignment and conveyance of the Designation Rights provided for herein on the Closing Date shall not effectuate a sale, transfer, assignment or conveyance of any Lease or any related assets of Sellers to Buyer or any other Assignee, which shall only be effectuated on a Lease Assignment Date (as defined below).
Prior to the Lease Assignment Date, this Lease shall not be modified in any way without the prior written consent of 42DP.
As of the applicable Assigned Lease Assignment Date, Buyer shall assume and pay, perform and discharge in a timely manner according to their terms all Liabilities of Seller under the applicable Assigned Lease, and all Liabilities under the applicable Assigned Lease shall constitute a portion of the Assumed Liabilities from and after such date.
Assignor has performed and observed all improvements, alterations, maintenance, repairs and other obligations to be performed by the Assignor under the Lease on or before the Lease Assignment Date.