Covenants of the Lessor Clause Examples

Covenants of the Lessor. The Lessor hereby agrees that so long as this Agreement is in effect: (a) The Lessor will not create or permit to exist at any time, and the Lessor will, at its own cost and expense, promptly take such action as may be necessary duly to discharge, or to cause to be discharged, all Lessor Liens on the Property and the Collateral; provided, however, that the Lessor shall not be required to so discharge any such Lessor Lien while the same is being contested in good faith by appropriate proceedings diligently prosecuted so long as such proceedings shall not materially and adversely affect the rights of the Lessee under the Lease and the other Operative Agreements or involve any material danger of impairment of the Liens of the Security Documents or of the sale, forfeiture or loss of, and shall not interfere with the use or disposition of, the Property or title thereto or any interest therein or the payment of Rent; (b) The Lessor shall give prompt notice to the Lessee and the Agent if the Lessor’s location for purposes of the UCC shall cease to be in the State of Delaware or if the Lessor’s principal place of business, chief executive office or office where the records concerning the accounts or contract rights relating to the Property are kept, shall cease to be located at ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇, Charlotte, North Carolina 28202 or if it shall change its name; and (c) The Lessor shall take or refrain from taking such actions and grant or refrain from granting such approvals with respect to the Operative Agreements and/or relating to the Property in each case as directed in writing by the Agent in accordance with the Operative Agreements (until such time as the Credit Notes and the Mortgage Notes are paid in full, and then as determined by the Lessor, but in all cases subject to the provisions of any intercreditor agreements among the Credit Lenders, the Mortgage Lenders and/or the Lessor) or, in connection with Sections 8.5, 9.1 and 9.2 hereof, the Construction Agent or the Lessee; provided, however, that notwithstanding the foregoing provisions of this subparagraph (c) the Lessor shall retain its right to approve or disapprove of each Unanimous Vote Matter or matters for which its consent is required pursuant to Section 8.6 in its sole discretion and without regard to any direction from any other Financing Party, any Credit Party or any other Person and the Lessor shall retain its rights in the Excepted Payments and any and all other rights expressly reserved...

Covenants of the Lessor. The LESSOR covenants and represents: a) To ensure 24 hours’ access to the DEMISED PREMISES by staffing a building attendant/ security personnel 24 hours’ a day and lighting the DEMISED PREMISES at all times. b) To complete handover of the DEMISED PREMISES as per the schedule contained in clause 3 of this Lease Agreement. c) To install double-glazed glasses on exterior façade of the DEMISED PREMISES for noise reduction and increased insulation. d) To allow the LESSEE to install and pass/run the LESSEE’S required quantity of cables/wires (Power+LAN+Fiber+etc.) from floor to floor and from the server room to other floors of the DEMISED PREMISES. The LESSOR shall arrange to mitigate and resolve any hindrance and obstruction, if any, caused to the LESSEE by other tenants of the building in the process of installing and passing cables/wires. e) To allow the LESSEE to install an ISP fiber drop point and wall-mounted network switch box as per the LESSEE’S required specifications (height, weight, dimensions etc.) in an appropriate location at the basement, as deemed by the LESSEE, from where the LESSEE shall be able to use the cable ducts to pass/run the cables/wires toward the server room of the LESSEE. f) To allow the LESSEE to set up a 3rd radio tower including dedicated plant, machinery and equipment, as per the LESSEE’S required specifications (height, weight, dimensions etc.) on roof top of the building, if required, without any hindrance/obstructions and any further rent and/or charges. The approximate technical specifications of the radio and tower, including but not limited to height, weight, dimensions, etc., shall be as provided under Annexure-3. The LESSEE shall not be required to pay any additional rent to the LESSORS for the space to be provided by the LESSSORS on the roof top of the building. g) To arrange, at the LESSOR’S cost, a supply of 400 volts, 3 (three) phase, at least 200 KW (+/-) (Each floor 50 KW) electricity for the DEMISED PREMISES (up to Sub Distribution Board) with separate Electric Meter for the LESSEE which can be amended based on mutual discussion. h) To obtain and provide a resolution of the Board of Directors of the LESSOR’s company in accordance with law and the Articles of Association of the LESSOR, confirming the terms and condition of this Lease Agreement and authorizing the signing of this Lease Agreement granting the lease to the LESSEE. i) To maintain regular water and electricity supply for the DEMISED PREMISES at its own ...

Covenants of the Lessor. The Lessor hereby agrees that so long as this Participation Agreement is in effect:

Covenants of the Lessor. The Lessor covenants and agrees with the Lessee during the Lease Term as follows:

Covenants of the Lessor. The Lessor covenants with the Lessee for quiet enjoyment of the Leased Premises and the rights appurtenant thereto, subject to the provisions of this Lease, and to observe and perform all the covenants and provisions of this Lease on its part to be observed and performed.

Covenants of the Lessor. The Lessor hereby agrees that so long as this Participation Agreement is in effect: (a) it will not create, incur, assume or suffer to exist any Lien (including any Lessor Lien) upon the Master Lease or any of the Properties (other than as contemplated by any of the Operative Documents); (b) it will use its best efforts to remove any Lien (including any Lessor Lien) created, incurred, assumed or suffered to exist by it upon the Master Lease or any of the Properties (other than the Lender Deeds of Trust and such other Liens as are contemplated by any of the Operative Documents); provided, however, that any action taken pursuant to this clause (b) shall not limit the Lessee's rights or remedies under any of the Operative Documents; and (c) it will grant any license or easement to the Lessee reasonably necessary for the use and enjoyment of the Property.

Covenants of the Lessor. The Lessor hereby agrees that so long as this Lease is in effect it will comply with the following covenants: (a) Creation of Lessor Liens. Neither Lessor nor any Investor will create, incur, assume or suffer to exist any Lessor Lien upon this Lease or any other Operative Document or the Property or the Rent (other than as contemplated by any of the Operative Documents); or

Covenants of the Lessor. The Lessor hereby agrees as to itself that so long as this Agreement is in effect:

Covenants of the Lessor. The Lessor hereby agrees that so long as this Agreement is in effect, unless the Agent, the Lessee and the other Financing Parties shall have otherwise consented in writing: (a) the proceeds of the Loans received from the Lenders will be used by the Lessor solely to acquire the Properties (through the acquisition of the beneficial interests of the Existing Holders in the Trust and the dissolution of the Trust), to refinance the Existing Loans and Existing Holder Fundings and to fund the Transaction Expenses. No portion of the proceeds of the Loans will be used by the Lessor (i) in connection with, whether directly or indirectly, any tender offer for, or other acquisition of, stock of any corporation with a view towards obtaining control of such other corporation, (ii) directly or indirectly, for the purpose, whether immediate, incidental or ultimate, of purchasing or carrying any Margin Stock, or (iii) for any purpose in violation of any Applicable Law; (b) it shall not consent to or suffer or permit any Lien against the Property, other than as expressly contemplated pursuant to the Operative Documents; (c) it shall not consent to or suffer or permit the creation of any easement or other restriction against the Property other than as permitted pursuant to Section 10.5; (d) it shall promptly discharge each Lessor Lien and shall indemnify the Lenders and the related Lessee for any diminution in value of any Property resulting from such Lessor Liens; and (e) upon request of Tech Data, it will deliver to Tech Data, (i) as soon as available and in any event within 20 days after the end of each fiscal quarter (other than the fourth fiscal quarter), a consolidated balance sheet of the Lessor as of the end of such fiscal quarter and of related statements of income for such quarter and the portion of the fiscal year through the end of such quarter, setting forth in each case in comparative form the figures for the previous fiscal year, prepared in accordance with GAAP certified by a manager or officer of the Lessor, (ii) as soon as available and in any event within 45 days after the end of each fiscal year, a consolidated balance sheet of the Lessor as of the end of such fiscal year and the related statements of income for such fiscal year, setting forth in each case in comparative form the figures for the previous fiscal year, prepared in accordance with GAAP, certified by a manager or officer of the Lessor and (iii) within 15 days after the end of each fiscal qua...