Lease Lessor(s) definition
Examples of Lease Lessor(s) in a sentence
If, at any time during the term of the Lease, Lessor's right to lease the Equipment expires, Lessor may remove the Equipment from Lessee's premises and shall promptly provide identical substitute Equipment.
Upon the assignment of each Lease, Lessor's Assignee shall have any and all discretions, rights and remedies of Lessor and all references to Lessor shall mean Lessor's Assignee.
Subject to the terms of this Lease, Lessor's title is, and always shall be, paramount to the title and interest of Lessee, and nothing herein contained shall empower Lessee to do any act which can or shall encumber the title of the Lessor.
In case of default by Lessee/s with any other term of this Lease, Lessor/s may deliver a written notice of not less than fourteen (14) days to Lessee/s specifying the breach, and if Lessee/s fails to remedy the breach within the number of days specified in the notice after receipt of the same, this Lease shall terminate.
Whenever in this Lease Lessor's consent or approval is required, such consent or approval shall be in Lessor's sole and absolute discretion.
Lessor agrees to grant to Lessee, by separate agreement entered into concurrently herewith, a non-exclusive license to utilize on and limited to the leased land for the term of this Lease Lessor's patented Magmamax power process and improvements thereof.
The parties hereby intend that the risks of loss, damage, and injury in connection with this Lease, Lessor's ownership and operation of the Building and Project, and Lessee's leasing and occupancy of the Premises are to be allocated as far as possible to insurance.
THIS GUARANTY (this “Guaranty”) is made and entered into as of this day of , 2014, by ADEPTUS HEALTH LLC, a Delaware limited liability company (“Guarantor”), for the benefit of MPT OPERATING PARTNERSHIP, L.P., a Delaware limited partnership (“MPT”), the 2014 Master Lease Lessors (as herein defined) and the 2013 Master Lease Lessors (as herein defined) (MPT, the Lessors and the 2013 Master Lease Lessors, together with their respective permitted successors and permitted assigns, the “Beneficiary”).
With respect to the patented claims, subject to Lessee's rights under the Original Lease, Lessors own such claims free and clear of all defects, liens and encumbrances arising by, through or under Lessors, or any one of them, and Lessors have no knowledge of adverse claims or interests.
Upon the assignment of this Lease, Lessor's assignee shall have and be entitled to exercise any and all rights and remedies (but none of the obligations) of Lessor hereunder, and all references herein to Lessor shall include Lessor's assignee.