Tenant Lease Assignment means an assignment and assumption of the Tenant Leases (other than a Ground Lease), substantially in the form of Exhibit F hereto, pursuant to which the applicable Seller's right, title and interest in and to each of the Tenant Leases for a Property are assigned to, and such applicable Seller's obligations thereunder are assumed by, Purchaser, effective as of the Closing Date.
Examples of Tenant Lease Assignment in a sentence
Tenant Lease Assignment ("Assignment of Leases"), duly executed by Prior Owner, in the form attached hereto as Exhibit "D", pursuant to which Seller shall assign to Buyer all f Prior Owner's right, title and interest in and to the Leases; (d) CONTRACTS.
A Tenant Lease Assignment for each Project (individually, an "Assignment of Leases" and collectively, the "Tenant Lease Assignments"), duly executed by KBD, Garden Grove, Fagerholm, Koll-Tustin or Koll-KW, as applicable, in the form attached hereto as Exhibit "F", pursuant to which each such Seller entity shall assign to Buyer all of such entity's right, title and interest in and to the Leases for the applicable Project; (e) Contracts.
In no event (1) may Purchaser assert damages hereunder unless such Purchaser Claims exceed, in the aggregate, $100,000 or more and (2) may Purchaser Claims in the aggregate exceed, and in no event will Sellers liability therefor exceed, in the aggregate, (including Sellers liabilities under the Tenant Lease Assignment or any other Closing Document) $7,500,000.
By the Closing Date, Buyer shall deliver to Escrow Holder the following instruments and documents: 5.3.1 The Purchase Price in accordance with Section 1; 5.3.2 The Tenant Lease Assignment duly executed by Buyer; 5.3.3 The General Assignment duly executed by Buyer; -10- 5.3.4 The amount due to Seller, if any, after the prorations are computed in accordance with Section 7; and 5.3.5 A completed Preliminary Change of Ownership Report ("PCOR") duly executed by Buyer.