Sign Location Lease definition
Examples of Sign Location Lease in a sentence
Purchaser acknowledges that failure to timely notify Seller of such an election in accordance with the foregoing shall be deemed an acceptance by Purchaser of such Sign Location Lease or Bus Transit Contract, as applicable and related Assets and a relinquishment of any right to payment from Seller.
None of the Company or its Affiliates have entered into any Contract other than this Agreement for the assignment or other transfer of a Sign Location Lease.
No party to any Material Sign Location Lease has exercised any option or right to (i) terminate such Material Sign Location Lease prior to the end of the term thereof, (ii) lease additional premises pursuant to such Material Sign Location Lease, (iii) reduce or relocate the premises demised by such Material Sign Location Lease or (iv) purchase any real property pursuant to such Material Sign Location Lease.
Except as disclosed on SCHEDULE 5.9, none of Seller, the Company or any of its Subsidiaries is aware of any circumstance involving a dispute, oral modification, misunderstanding, forbearance program or intention to terminate the relationship thereunder (either at present or in the future) regarding or in relation to any Material Lease or Sign Location Lease.
Each Material Lease and Sign Location Lease has been entered into on terms substantially consistent with industry standards and practices with respect to all matters the subject thereof.
The description of the terms of each Sign Location Lease on each Lease Schedule is correct, except for such minor irregularities, errors or omissions which would not be reasonably likely to result in a Material Adverse Effect.
Except as shown on Section 3.11(c) of the Sellers’ Disclosure Schedule, Seller (a) has received no take down orders from any Governmental Authority or notice from any landowner of intent to terminate or not renew any Material Sign Location Lease, and (b) has received no notice from any landowner of breach or default under the Material Sign Location Leases.
Except as set forth in Section 3.20(a) of the Sellers’ Disclosure Schedule, all of the Material Structures (i) are legal and conforming, or legal and nonconforming, (ii) have all required valid state, county and city Permits, and (iii) are located on a parcel either comprising Owned Real Property or subject to a Sign Location Lease and do not encroach in any material respect on the property of others, either public or private.
Except as set forth on Section 3.20(a) of the Sellers’ Disclosure Schedule, subject to the terms of the Sign Location Leases and Permitted Liens, Sellers have access to each such Material Structure pursuant to the terms of the applicable Sign Location Lease or parcel of Owned Real Property.
Buyer acknowledges the existence of that certain Sign Location Lease dated March 16, 1990 encumbering a portion of the Gainesville, Florida property.