Existing Tenants. Borrower shall provide the County a written report of the income and rent amount of all Existing Tenants within thirty (30) days of acquisition of the Development. Concurrent with providing the report to the County, Borrower shall also provide a proposal regarding designation of Units as Very Low Income Units. Borrower shall not implement any rent increases for Existing Tenants upon acquisition of the Development without the approval of the County. Any Existing Tenant lawfully residing in the Development as of the date of this Agreement is entitled to remain a resident of the Development if such Tenant does not meet the income and other eligibility criteria of this Section 2.1. If and when such non- qualifying Existing Tenant voluntarily vacates the Unit, Borrower shall rent such Unit to a Very Low Income Household, as necessary to meet the provisions of this Section.
Existing Tenants. Borrower shall provide the County a written report of the income and rent amount of all Existing Tenants within thirty (30) days of acquisition of the Development. Concurrent with providing the report to the County, Borrower shall also provide a proposal regarding designation of Units as Extremely Low Income Units, Very Low Income Units, and Forty Percent Income Units. Borrower shall not implement any rent increases for Existing Tenants upon acquisition of the Development without the approval of the County. Any Existing Tenant lawfully residing in the Development as of the date of this Agreement is entitled to remain a resident of the Development if such Tenant does not meet the income and other eligibility criteria of this Section 2.1. If and when such non-qualifying Existing Tenant voluntarily vacates the Unit, Borrower shall rent such Unit to an Extremely Low Income Household, Very Low Income Household, or Forty Percent Income Household, as necessary to meet the provisions of this Section.
Existing Tenants. For existing tenants, OWNER will provide AGENT with a copy of any lease, a set of keys to the Property, and will notify the tenant that AGENT is authorized to act on behalf of the OWNER.
Existing Tenants. 52.01 A. Notwithstanding anything to the contrary contained in this Lease, Tenant acknowledges that it has been informed by Landlord that the Premises are presently occupied by two (2) existing tenants of the Building (the “Existing Tenants”), under separate lease agreements for Suite 1700 and Suite 1700B, respectively (the “Existing Leases”). Tenant further acknowledges that it has been informed by Landlord that each of the Existing Tenants has advised Landlord that it may be willing to vacate and surrender to Landlord possession of the Premises prior to the Commencement Date. Landlord and Tenant agree that if either or the both of the Existing Tenants do not vacate their respective portions of the Premises on or before the Commencement Date and, as a result, Landlord shall be unable to deliver possession of the entire Premises to Tenant as required by the terms of this Lease (it being understood and agreed that Landlord shall not deliver, and Tenant shall not accept, possession of less than the entire Premises), then (i) Landlord shall not be subject to any liability for such failure (provided, however, that Tenant shall have such remedies as are otherwise expressly provided for in this Article), (ii) this Lease shall remain in full force and effect without extension of the Term, however, Tenant’s obligation to pay Fixed Annual Rent and Additional Rent hereunder shall not commence and any rent credits or abatements to which Tenant is entitled under this Lease shall be similarly delayed, until possession of the Premises is delivered to Tenant in the condition required by this Lease, and (iii) Landlord shall promptly commence and diligently prosecute to completion the appropriate summary proceedings, as appropriate, in order to evict those Existing Tenants holding over in the Premises and to recover lawful possession thereof. In such event, upon Landlord’s recovery of actual and lawful possession of the Premises, Landlord shall furnish Tenant with prompt notice thereof and deliver possession to Tenant in the condition required by this Lease promptly thereafter. Except to the extent otherwise provided for by express terms located elsewhere in this Lease, Tenant expressly waives any right to rescind this Agreement under Section 223-a of the New York Real Property Law or under any present or future statute of similar import then in force and further expressly waives the right to recover any damages, direct or indirect, which may result from Landlord’s failure...
Existing Tenants. If Property Manager, more than one time per year, without the prior written consent of Owner, (a) discusses with an existing tenant of the Property the possibility of the tenant leasing space in another building owned, managed or operated by Property Manager or an Affiliate of Property Manager within a three-mile radius of the Property without giving Owner 10 days' prior notice of Property Manager's intention to hold such discussions, or (b) makes a specific lease proposal to the tenant with respect to leasing space in any such other building without providing Owner with a reasonable prior opportunity to make a competing proposal to the tenant with respect to keeping the tenant in the Property, whether or not the tenant becomes a tenant of such other building, except in the case where Property Manager or an Affiliate of Property manager has a written tenant representation letter from the tenant;
Existing Tenants. Grantee shall provide the County a written report of the income and rent amount of all Existing Tenants within thirty (30) days of acquisition of the Property. Any Existing Tenant lawfully residing in the Property as of the date of this Agreement is entitled to remain a resident of the Property if such Tenant does not meet the income and other eligibility criteria of this Section 2.1. If and when such non-qualifying Existing Tenant voluntarily vacates the Unit, Borrower shall rent, or cause such Unit to be rented, to a Very Low- Income Household that is MHSA Eligible as necessary to meet the provisions of this Section 2.1.
Existing Tenants. Company will allow Tenants with existing Security Deposits to apply for the Electronic Deposit Return Service.
Existing Tenants. The Third Expansion Premises is currently occupied by Nimble pursuant to a short term lease expiring September 30, 2020 and by Roche pursuant to a lease expiring June 30, 2020. In the event that the Third Expansion Premises is not vacated by Nimble or Roche on or before October I, 2020, Landlord agrees to, at Landlord’s expense, take commercially reasonable steps to cause Roche and/or Nimble, as applicable, to vacate the space promptly, including, without limitation, delivering any statutorily required notices, filing an eviction action and diligently prosecuting the same to completion as permitted by applicable law, if necessary. In the event of a hold over by Nimble beyond October 1, 2020, as Tenant’s sole remedy as a result of such delay, Tenant shall be entitled to a delivery delay penalty from Landlord in the amount of $27,334 per month, prorated on a daily basis for each day on or after October I, 2020 in which the Third Expansion Premises is not delivered to Tenant by Landlord in the condition required in this Amendment. Landlord represents and warrants that the base rent payable by Nimble pursuant to its short term lease is $13,667 per month. Further, in the event of a hold over by Roche or any other third party other than Nimble beyond October 1, 2020, as Tenant’s sole remedy as a result of such delay, Tenant shall be entitled to any holdover damages (including any base rent owed and any holdover penalties) actually paid by Roche or such third party other than Nimble to Landlord for the period beyond October 1, 2020, less Landlord’s cost of collection and expressly excluding additional rent (which has a meaning consistent with how that term is defined in Section 2.2 of the Lease) for such period, and Landlord shall take commercially reasonable steps to collect any holdover damages (including any base rent owed and any holdover penalties) or other amounts from Roche or such third party other than Nimble that may be due.
Existing Tenants. All or portions of the Property have been leased by Seller to various Tenants. Attached hereto as Exhibit D and incorporated herein by reference is a list of such Tenants, which list includes the termination date of each Lease, the rent payable thereunder, any renewal options, and the security deposit, if any, posted by each Tenant, as of the date of this Agreement. From and after the date of execution of this Agreement until the Close of Escrow, Seller agrees that it will continue to perform all of its obligations as landlord under all such Leases and that it will not enter into any new Leases or amend, terminate or accept the surrender of any existing tenancies or approve any subleases without the prior consent of Buyer. Further, Seller shall maintain the Property in condition at least as good as at the time of Buyer's inspection as provided hereunder, and shall not without first obtaining the written consent of Buyer enter into any contracts or agreements, or permit any Tenants to enter into any contracts or agreements pertaining to the Property which require the consent of Seller unless those contracts can be terminated without penalty on thirty (30) days' notice. Through Close of Escrow, Seller shall maintain in full force and effect "All Risk" property insurance in the amount of at least ninety per cent (90%) of replacement value of the Property covering the Property without deduction for physical depreciation, but excluding foundations and footings.
Existing Tenants. Notwithstanding subsection (a) above, the Owner shall continue to lease each Unit, whether an Income-Restricted Unit or not, that is occupied by a Tenant on the date of this Agreement to the Tenant in occupancy, subject to Section 4.10, regardless of the Household's Annual Income or assets upon initial occupancy or as of the date of this Agreement. Upon the vacancy of any such Unit, the Owner shall lease the Unit in accordance with subsection (a) above.
