Lease of the Project. The Issuer hereby leases to the -------------------- Company, and the Company hereby leases from the Issuer, the Project at the rent set forth in Section 5.3 and in accordance with the provisions hereof.
Lease of the Project. The Board hereby leases to the Company, and the Company hereby leases from the Board, the Project at the rent set forth in Sections 5.3 and 5.7 and in accordance with the provisions hereof.
Lease of the Project. The form and execution of any lease for all or any portion of the Project including any applicable tenant improvements or any amendment, modification, extension or termination of any lease for all or any portion of the Project including any applicable tenant improvements; (e)
Lease of the Project. The Issuer, as landlord, hereby rents the Project to the Company, as tenant, and the Company hereby rents the Project from the Issuer at the rental set forth in Section 5.3 hereof and for the Lease Term, in accordance with the provisions of this Lease. This Lease shall be effective on its delivery. It is the intention of the parties that the interest of the Company hereunder shall be a usufruct under O.C.G.A. § 44-7-1(a) as to real property of the Project, and as a bailment for hire under O.C.G.A. § 44-6-101, as to the personal property of the Project, and not an estate for years. The parties hereto further agree such usufruct and bailment status is evidenced by the fact that various provisions of this Lease restrict and limit the tenant’s rights in the Project to such an extent that the Company does not have the right to use the Project in as absolute a manner as it would have if it were the owner of the Project or a lessee with an estate for years (subject only to rules prohibiting waste), to-wit:
Lease of the Project. The Lessor hereby rents, leases and lets to the Issuer the Lessor’s interests in the Project, and the Issuer rents, leases and hires the Project from the Lessor, for rentals and upon and subject to the terms and conditions herein set forth, for a term commencing on the date hereof and ending on December 1, 2031; provided, however, this Base Lease Agreement shall remain in full force and effect so long as any obligation of the Lessor under the Sublease Agreement shall be outstanding (the “Lease Term”), unless sooner terminated in a manner provided for herein, provided that the Lessor shall not exercise any right so reserved in any manner that will interfere with any rights of the Issuer hereunder.
Lease of the Project. 1 Section 2.1. Lease................................................ 1 SECTION 3. BASIC LEASE TERM AND RENT..................................... 2
Lease of the Project. The Company hereby, rents, leases and lets to the Issuer the Company’s interest in the Project, and the Issuer rents, leases and hires the Project from the Company, for rentals and upon and subject to the terms and conditions herein set forth, for a term commencing on the date hereof and ending on December 1, 2018; provided, however, this Base Lease Agreement shall remain in full force and effect so long as any obligation of the Company under the Lease Agreement shall be outstanding and so long as the Lease Agreement shall remain in effect (the “Lease Term”), unless sooner terminated in a manner provided for herein, provided that the Company shall not exercise any right so reserved in any manner that will interfere with any rights of the Issuer hereunder.
Lease of the Project. (a) When the requirements for Substantial Completion can be satisfied by Agent, Agent shall deliver to Owner and Assignee the Certificate of Substantial Completion, and Agent shall request the Final Advance which, subject to the provisions of paragraph (b) of this subsection 2.3, shall be sufficient to provide for payment of all the costs of constructing the Project and completing any open punch list items (other than those certain specifically identified and quantified costs that are not yet due to the General Contractor and which will be included as part of the Completion Advance, provided that the Available Commitment remaining after the Final Advance is equal to or exceeds the aggregate amount of all such identified and quantified costs). By delivery of the Certificate of Substantial Completion, Agent evidences the acceptability of the Project for lease by Agent under the Lease. If the conditions set forth in Section 6 hereof have been satisfied in the reasonable judgment of Owner and Assignee, Owner, within ten (10) Business Days of receipt of the Certificate of Substantial Completion, shall make the Final Advance. Execution and delivery by Agent of the Certificate of Substantial Completion shall constitute (i) acknowledgment by Agent that the Project has been accepted for lease by Agent as of the Effective Date, (ii) acknowledgment by Agent that the Project is subject to all of the covenants, terms and conditions of the Lease, and (iii) certification by Agent that the representations and warranties contained in Section 2 of the Lease are true and correct in all material respects on and as of the Effective Date as though made on and as of such date and that there exists on such date no (1) Event of Default hereunder, Event of Default (as defined in the Lease), Event of Loss, Termination Event or Event of Project Termination or (2) Potential Default hereunder, Potential Default (as defined in the Lease) or Potential Event of Project Termination. In connection with the Final Advance, Owner, within five (5) Business Days of receipt of a request for such Final Advance and upon Agent's satisfaction of the conditions to such advance to the reasonable satisfaction of Owner and Assignee, shall adjust the Acquisition Cost and the Adjusted Acquisition Cost (as defined in the Lease) to reflect (i) the Completion Amount advanced to Agent hereunder and (ii) the Retention, if any. The making of the Completion Advance in the circumstances contemplated by this paragr...
Lease of the Project. (a) The date upon which the Lessee receives the Final Advance (as defined in the Agreement for Lease) under the Agreement for Lease, shall be the "Effective Date". From and after the Effective Date, and during the Initial Term and any Extended Term and any Renewal Term, the Lessor does hereby lease the Project (including a sublease of the Lessor's interest in the Premises) to the Lessee and the Project and the rights and obligations of the Lessor and the Lessee shall be governed by this Lease and not the Agreement for Lease, except to the extent otherwise expressly provided in this Lease and the Agreement for Lease. On the Effective Date, the Lessee shall be deemed to have certified that all representations and warranties of the Lessee contained in this Lease are true and correct in all material respects on and as of the Effective Date. As provided in the Agreement for Lease, on the Effective Date, the Acquisition Cost and the Adjusted Acquisition Cost shall be adjusted, if necessary, to reflect (i) the Completion Amount advanced to the Lessee under the Agreement for Lease and (ii) the Retention, if any.
