M&G Lease definition
Examples of M&G Lease in a sentence
If, upon the Closing Date, the Work has been completed and accepted by Metropolitan Gymnastics in accordance with the provisions of the MG Lease Amendment, upon the Closing Date, Buyer shall credit Seller an amount equal to Twenty Five Thousand Dollars ($25,000.00) as partial reimbursement to Seller for the cost of the Work.
Seller agrees that upon the mutual execution of this Amendment, Seller shall, at Seller’s cost, promptly commence the construction of the Work and shall diligently pursue the Work to completion in accordance with the requirements set forth in the MG Lease Amendment.
If, upon the Closing Date, the Work has not been completed and accepted by Metropolitan Gymnastics in accordance with the provisions of the MG Lease Amendment, in lieu of requiring Seller to complete the Work before the Closing Date, subject to the terms of this Amendment, Buyer may agree to cause the completion of the Work following the Closing Date.