Lessor Consents definition
Examples of Lessor Consents in a sentence
In furtherance of the foregoing, the Loan Parties shall diligently cooperate with and assist, at their own expense, the Administrative Agent in procuring any and all Mortgages, Security Documents, Ancillary Security Documents and Lessor Consents.
The Loan Parties, the Lenders and the Administrative Agent agree that without any further action on the part of any of them, upon execution and/or delivery, the Mortgages, other Security Documents, the Ancillary Security Documents and Lessor Consents shall become Loan Documents and the assets that are subject to the Mortgages and the other Security Documents shall become collateral for the Obligations.
Sellers shall involve Buyer in all material aspects of the efforts to obtain any required Ground Lessor Consent, including providing copies of such Ground Lessor Consents as and when sent, providing copies of correspondence relating thereto, and at the request of Buyer, Buyer shall be included in all negotiations with respect thereto.
In the event that, on or prior to the such extended Closing Date, one or more of the Lessor Consents has not been obtained, either Seller or Buyer shall have the unilateral right, by notice to the other, to extend the Closing Date to December 31, 2004 whereupon December 31, 2004 shall be deemed to have been substituted for November 30, 2004 in Section 2.8 of this Purchase Agreement.
With respect to the Initial Closing only, (a) the Company and/or Opco shall have obtained each of the Loan Consents, each of the Franchisor Consents, each of the Ground Lessor Consents and the Preferred Equity Consent, and (b) any other Consents that, if not obtained, would reasonably be expected to result in a Company Effect that would reasonably be expected to be materially adverse to the Company and its Subsidiaries, taken as a whole.
Seller shall use its best efforts and make every good faith attempt (and Buyer shall cooperate with Seller) to obtain all consents necessary for the assignment of, or alternate arrangements satisfactory to Buyer with respect to, any Contract, insurance policy, purchase order, sales order, or other instrument, Permit or Environmental Permit (including the Lessor Consents), which is to be assigned to Buyer hereunder and which may be required for such assignment to be effective.
Seller shall prepare drafts of all Estoppel Certificates, Purchase Option Waivers and Ground Lessor Consents for Buyer’s review within ten (10) Business Days following the Effective Date.
In the event the Lessor Consents for any of the Leased Real Property cannot be obtained, the Parties shall use all reasonable efforts to obtain the lessor's consent to sublease such Leased Real Property to Purchaser on substantially the same terms and conditions as if Purchaser were the prime lessee of such Leased Real Property.
All consents and approvals required for the consummation of the transactions contemplated by this Agreement and the Transaction Documents for which Seller or Selling Members are responsible to obtain (including the Lessor Consents) shall have been obtained by Seller and Selling Members and delivered to Buyer on or before the Closing Date.
Notwithstanding the immediately preceding sentence, any and all Lessor Consents previously granted by Lessor in connection with ▇▇▇▇▇▇’s existing leases of the Premises shall remain in full force and effect.