USC Lease definition

USC Lease means, at any specific point in time, USC’s then applicable lease of the Land under the Current USC Lease, the USC NDA Lease or the 2054 Lease, as the case may be, and (ii) “Master
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USC Lease means that certain Second Amendment to Lease and Agreement dated as of July 29, 2013 between Commission, as landlord, and USC, as tenant, a copy of which is attached to this Agreement as Exhibit “B”.
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Examples of USC Lease in a sentence

  • Optionee may exercise the Option (if at all) at any time during the final five (5) years of the USC Lease or the Direct Lease, as applicable, provided Optionee has satisfied the conditions set forth in Section 3.1, but no later than that date which is eighteen (18) months prior to the expiration of the Term including any Extension Term of the USC Lease or Direct Lease, as applicable (the “Option Expiration Date”) by delivering a written notice to Owner (the “Option Notice”).

  • Optionee shall have performed and complied in all material respects with all covenants, agreements, terms and conditions required by this Agreement to be performed or complied with by Optionee prior to or at the Closing, and no default (that continues beyond all applicable notice and cure periods) of any material term has occurred under the USC Lease, or the Direct Lease, as applicable, following the delivery of the Option Notice.

  • Except for the Commission Lease, or as otherwise disclosed pursuant to the USC Lease, no person or entity other than Optionee holds or will hold any option or other right to lease or purchase all or any part of any of the Property or any interest in the Property.

  • All capitalized terms used in this Agreement and not otherwise defined herein shall have the meanings given such terms in the USC Lease.

  • Additionally, Owner may terminate the Option in the event of (i) any termination of the USC Lease or Direct Lease, as applicable, as a result of Optionee’s default thereunder, or (ii) if any condition to Closing contained in Section 8.2 has not been satisfied or waived by Owner in writing by the Closing Date.

  • On a date no later than ten (10) days prior to the expiration of the USC Lease or the Direct Lease, as applicable, and provided the conditions precedent set forth in Section 8 have been satisfied or waived, the parties shall each execute and exchange original counterparts and deposit into Escrow the documents described in Sections 7.3 and 7.4 below.

  • As of the date of this Agreement, the USC Lease has not been amended or modified in any manner or respect.

  • The Commission currently owns and operates a sign which is visible from the 110 Freeway (the “Commission Freeway Sign”) which currently is being leased to USC as part of the USC Lease.

  • District further agrees that any modification of the Ground Leases made in violation or breach of this Section 4.4 shall not be binding upon, and shall be of no force or effect with respect to, USC, the USC Lease or USC possession, occupancy and use of the Property.

  • If the Coliseum is Taken but the Taking does not render the Sports Arena unusable, USC, in its sole and absolute discretion, may elect to either (i) terminate the USC Lease with respect to the entire Property or (ii) terminate the USC Lease with respect to the Coliseum only.