Material Inducement definition

Material Inducement. The provisions of this Article 53 are a material inducement for Landlord to execute and deliver this lease. Any failure by Tenant to comply with the requirements of this Article 53 shall be deemed a material breach of this lease, for which Landlord shall be entitled to any and all of it remedies in accordance with terms, conditions and covenants of this lease.
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Examples of Material Inducement in a sentence

  • Material Inducement 87 ARTICLE 26 INVESTIGATIONS, REFUSAL TO TESTIFY 87 Section 26.01.

  • All Parties Acknowledge And Agree That They Have Received Full And Significant Consideration For This Provision And That This Provision Is A Material Inducement For All Parties To Enter Into This Agreement.

  • At or prior to the Closing, the Sellers shall cause A&G and the Companies to enter into a lease in the form attached hereto as EXHIBIT C-1 for the ----------- premises described on SCHEDULE 7.3 (the "Headquarters Lease"), the Purchaser ------------ ------------------ shall enter into a guarantee for such lease commitment in the form attached hereto as EXHIBIT C-2 and the ----------- Companies and the Purchaser shall enter into a Material Inducement in the form attached hereto as EXHIBIT C-3.

  • Buyer A cknowledges That This Provision Is Conspicuous, Was Explained In D etail To The Purchaser And This Provision Was A Material Inducement For Se ller To Sell The Subject Property To The Purchase.

Related to Material Inducement

  • Material IP means any Intellectual Property that is material to the conduct of the business of the Borrower and its Restricted Subsidiaries, taken as a whole.

  • Material Contract means any contract or other arrangement (other than Loan Documents), whether written or oral, to which any Credit Party is a party as to which the breach, nonperformance, cancellation or failure to renew by any party thereto could reasonably be expected to have a Material Adverse Effect.

  • Material Agreement means any material contract, commitment, agreement (written or oral), instrument, lease or other document, license agreement and agreements relating to intellectual property, to which the Corporation or any Subsidiary are a party or to which any of their property or assets are otherwise bound;

  • Material Indebtedness Agreement means any agreement under which any Material Indebtedness was created or is governed or which provides for the incurrence of Indebtedness in an amount which would constitute Material Indebtedness (whether or not an amount of Indebtedness constituting Material Indebtedness is outstanding thereunder).

  • Material Intellectual Property means any intellectual property owned by any Loan Party that is, in the good faith determination of the Borrower, material to the operation of the business of the Borrower and its Restricted Subsidiaries, taken as a whole.