Repossession Date definition
Examples of Repossession Date in a sentence
If the quantity and quality of the Supplies delivered to Landlord on the Repossession Date is substantially greater than the quantity and quality of the Supplies delivered to Tenant on the Commencement Date, Landlord shall pay Tenant the amount of the difference in value on the Repossession Date.
If the quantity and quality of the Supplies delivered by Tenant to Landlord on the Repossession Date is substantially less than the quantity and quality of the Supplies delivered to Tenant on the Commencement Date, Tenant shall pay Landlord the amount of the difference in value on the Repossession Date.
All of Lessee’s obligations under the Lease, including any indemnification obligations, related to Suite 200 only shall be suspended and null from the period commencing on the Surrender Date until the Repossession Date.
From and after the Repossession Date the Base Rent for Suite 200 set forth in the First Amendment shall be the same as it would have been on June 1, 2019 in the First Amendment as if there had not been the temporary surrender.
Credit Human shall enter into a storage agreement with Resident Corporation effective as of the Repossession Date that will allow Credit Human to store the home in the Community for up to 12 months, and Credit Human will pay the storage space rent to the Resident Corporation, which shall be $1.00 above the member space rent.
Credit Human agrees to notify Community Organization of the Repossession Date within a reasonable time following repossession.
In the event the Existing Tenant remains in possession of the Occupied Premises, or any portion thereof, after the Anticipated Repossession Date, Landlord agrees to use commercially reasonable efforts, including, if necessary, commencing and diligently pursuing any summary proceedings, to obtain possession of the Occupied Premises from the Existing Tenant.
Credit Human agrees to pay Resident Corporation for one month of unpaid space rent owed to the Resident Corporation (if applicable) for the period prior to the Repossession Date and Resident Corporation agrees Credit Human and any purchaser including licensed wholesalers from Credit Human shall not be liable for any other past due charges.
Credit Human agrees to notify Resident Corporation of the official Repossession Date and in no event shall Credit Human be liable to Resident Corporation for any rent or occupancy charges (other than charges which may be due to public taxing authorities) that arose prior to the Repossession Date.
On the Repossession Date, exclusive possession of Suite 200 shall be delivered to Lessee in vacant, broom-clean condition with all improvements located therein and Building Systems in good working order.