Examples of Lessee Act in a sentence
A "Lessee Act" means any act or failure to act by Lessee, any assignee or sublessee of Lessee, any user of the Units or any affiliate of any of the foregoing or a breach of any representation, warranty or agreement by Lessee in paragraph 3 below, in each case other than (A) an act or failure to act required by the Lease, (B) the exercise of any purchase or renewal option under the Lease, or (C) the making of any non-severable improvement permitted by Revenue Procedure 79-48.
Lessor may terminate this Lease upon thirty days' notice in writing prior to the next rent payment date to the Lessee, and provided, that Lessor shall have the right to terminate this Lease pursuant to the Lessor- Lessee Act aforesaid if Lessee fails to pay rent on or before the date due or otherwise fails to perform the covenants contained herein.
Lessee expressly waives to Lessor the benefit of Act No. 20, approved April 6, 1951, entitled "The Lessor and Lessee Act of 1951" requiring three months' notice to vacate the Premises at the end of the term or upon forfeiture of this Lease for breach of its conditions, and covenants and agrees to give up quiet and peaceable possession without further notice form the Lessor or its agent.
Except as provided in Section 4.2, if Lessor is required to indemnify another Unit 1 Owner under the Unit 1 Owner tax indemnity as a result of a Lessee Act, then the Lessor shall have suffered a “Loss” and Lessee shall reimburse Lessor, on an After-Tax Basis, for the amount of such Loss.
Except as provided in Section 4.2, if Lessor is required to indemnify another Unit 2 Owner under the Unit 2 Owner tax indemnity as a result of a Lessee Act, then the Lessor shall have suffered a “Loss” and Lessee shall reimburse Lessor, on an After Tax Basis, for the amount of such Loss.
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Except as provided in Section 4.2, if Lessor is required to indemnify another Unit 2 Owner under the Unit 2 Owner tax indemnity as a result of a Lessee Act, then the Lessor shall have suffered a “Loss” and Lessee shall reimburse Lessor, on an After-Tax Basis, for the amount of such Loss.
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