Micro Lease definition
Examples of Micro Lease in a sentence
Notwithstandin▇ ▇▇▇▇hing to the contrary contained in this Section 7.3, in the event of any conflict between the provisions of this Section 7.3 and the Ingram Micro Lease with respect to ▇▇▇ ▇ayment or application of Proceeds, the provisions of the Ingram Micro Lease shall control; ▇▇▇▇▇▇ed, however, that if Borrower or its Affiliate should hereafter acquire the sublessee's interest in the Ingram Micro Lease, the provisions ▇▇ ▇▇is Section 7.3.3 shall automatically cease to be of any force or effect.
Notwithstandin▇ ▇▇▇▇hing to the contrary contained in this Section 7.4, in the event of any conflict between the provisions of this Section 7.4 and the Ingram Micro Lease with respect to ▇▇▇ ▇ayment or application of Proceeds, the provisions of the Ingram Micro Lease shall control; ▇▇▇▇▇▇ed, however, that if Borrower or its Affiliate should hereafter acquire the sublessee's interest in the Ingram Micro Lease, the provisions ▇▇ ▇▇is Section 7.4.4 shall automatically cease to be of any force or effect.
Borrower has delivered a true and correct copy of the Ingram Micro Lease and all subleas▇▇ ▇▇ Lender.
There are no outstanding options to purchase or rights of first refusal affecting all or any portion of the Property or the leasehold estate demised under the IDA Lease, except pursuant to the ▇▇▇ram Micro Lease.
Without limiting the generality of the foregoing, (a) Purchaser acknowledges that it is already in possession of a substantial portion of the Property pursuant to the Super Micro Lease and has had a sufficient opportunity to conduct due diligence inspections of the Property and will acquire the Property in its current condition based on its due diligence inspections, except as specifically and expressly set forth in this Agreement.
All policies of insurance (the "Policies") required pursuant to Section 7.1.1 shall comply with the requirements of the Ingram Micro Lease; provided that ▇▇▇▇▇▇ approves the existing insurance company issuing the all-risk property insurance required under the Ingram Micro Lease so long as it m▇▇▇▇▇▇ns its current claims paying ability rating of "BBB" by S&P.
Purchaser acknowledges that, as of the Effective Date, Purchaser is already in possession of a substantial portion of the Property pursuant to the Super Micro Lease and has had a sufficient opportunity to complete its required due diligence of the Property, including without limitation all title and survey matters, and to fully review and evaluate this transaction.
Notwithstandin▇ ▇▇▇▇hing to the contrary contained in this Section 7.2, in the event of any conflict between the provisions of this Section 7.2 and the Ingram Micro Lease with respect to ▇▇▇ ▇ayment or application of Proceeds, the provisions of the Ingram Micro Lease shall control; ▇▇▇▇▇▇ed, however, that if Borrower or its Affiliate should hereafter acquire the sublessee's interest in the Ingram Micro Lease, the provisions ▇▇ ▇▇is Section 7.2.3 shall automatically cease to be of any force or effect.
Borrower shall, so long as the Ingram Micro Lease remains in full ▇▇▇▇▇ and effect, cause Ingram Micro, for the mutual benef▇▇ ▇▇ Borrower and Lender, to obtain and maintain such insurance as required under Section 3.3 of the Ingram Micro Lease in accordance w▇▇▇ ▇▇e provisions set forth therein.
Except as set forth in the Ingram Micro Lease, neither the Pr▇▇▇▇▇▇ nor any part thereof is subject to any purchase options or other similar rights in favor of third parties.