Examples of Seller Leases in a sentence
The Seller Leases and the Affiliate Leases shall be substantially in the form of Exhibit A hereto upon the terms (including annual rent) identified in Schedule 3.2 hereto.
The provisions of this Agreement, the Seller Xxxx of Sale and the Seller Assignment and Assumption Agreement will be effective to convey to, and vest in, Buyer ownership of the Seller Equipment and all of Seller’s rights under the Seller Leases, and after giving effect to the transactions contemplated hereby Buyer shall be entitled to exercise all rights of the lessor under such Seller Lease (including the right of enforcement).
In the event the Seller is unable to assign any of the Seller Leases as of the Closing as a result of the failure to obtain any consent of any lessor under such Seller Lease, it shall notify the Buyer promptly that it will not be able to assign such Seller Lease to the Buyer or the Company at the Closing.
This Agreement may be terminated by Seller if the Earnest Money Deposit is not received by Escrow Agent by such deadline.
Seller is not in violation or breach of, or in default with respect to, any provision of any Seller Lease, except for such defaults which do not have, and are reasonably expected not to have, a material adverse effect on the value of the Seller Leases.