Leaseback to Seller. At Closing, Purchaser shall lease a portion of the Property to Tenant pursuant to the Lease. Seller and Purchaser shall use their respective good faith efforts to mutually agree as to the form of the Lease prior to the expiration of the Study Period, which form of Lease shall incorporate into the Lease the terms included in Exhibit F attached hereto. Upon Purchaser’s and Seller’s agreement as to the form of the Lease, Seller and Purchaser shall amend this Agreement in writing, wherein the parties shall approve the form of the Lease and attach the approved form of Lease to said amendment as an exhibit thereto. Should Purchaser and Seller fail to reach agreement as to the form of the Lease prior to the expiration of the Study Period, either Purchaser or Seller shall have the right to terminate this Agreement by delivering written notice to the other, in which event the Deposit (less the Independent Contract Consideration (as hereinafter defined)) shall be returned to Purchaser, and except for Purchaser’s Surviving Obligations, Seller and Purchaser shall have no further obligations or liabilities to each other hereunder.
Leaseback to Seller. At Closing, subject to the following, Purchaser shall lease a portion of the Property back to Seller pursuant to the Long Term Lease or the Short Term Lease, as applicable. Seller and Purchaser shall use their respective good faith efforts to mutually agree, prior to the expiration of the Study Period, as to (i) the form of the Long Term Lease, which form of Long Term Lease shall incorporate the material terms set forth in Exhibit F-1 attached hereto, or alternatively, at Purchaser’s election, (ii) the form of Short Term Lease, which form of Short Term Lease shall incorporate the material terms set forth in Exhibit F-2 attached hereto; provided, however, if Purchaser and Seller are unable, using their respective good faith efforts, to agree upon the form of Long Term Lease, or the form of Short Term Lease, as applicable, prior to the expiration of the Study Period, the form of Short Term Lease shall be the form of Commercial Lease attached hereto as Exhibit G (with the material terms set forth in Exhibit F-2 attached hereto incorporated therein), and Seller and Purchaser shall execute and deliver same at Closing. Upon Purchaser’s and Seller’s agreement as to the form of the Long Term Lease, or the form of the Short Term Lease (to the extent the form of Short Term Lease is other than the form of Commercial Lease attached hereto as Exhibit G), as applicable, Seller and Purchaser shall amend this Agreement in writing (the “Lease Amendment”), wherein the parties shall approve the form of the Long Term Lease, or the form of the Short Term Lease, as applicable, as an exhibit to said Lease Amendment.
Leaseback to Seller. At Closing, Purchaser shall lease all of the third (3rd) floor, consisting of approximately 38,000 rentable square feet in Building Four back to Seller pursuant to a Lease in substantially the form of the Lease attached hereto as Exhibit F.
Leaseback to Seller. On the Closing Date, Buyer shall leaseback to Seller approximately 12,000 square feet comprising all or most of the ground floor of the Improvements and approximately 3,000 square feet of the second floor of the Improvements. The rent will be computed at $18.00 per square foot of leasable space on a "full service" basis, including parking for employees and customers of Seller, at no additional cost. The term of the Lease will be at least six (6) months, but no more than eighteen (18) months, exercised by Tenant (Seller) in extensions of six (6) month increments until reaching a full eighteen (18) month term. Any extension beyond the maximum eighteen (18) month period shall be by mutual consent of the Parties. The Lease (Lease) attached hereto as Schedule 17 has been agreed upon by the Buyer and Seller. This Lease shall be signed at the Closing by the Buyer and Seller along with the other documents set forth in Section 9 of this Agreement. Anything herein to the contrary notwithstanding, at Seller's sole option and discretion with no prior consent required of Buyer, at the Closing Seller may assign its obligation to sign the Lease to its holding company, The Auto Club Group, Inc., a Michigan non-profit corporation authorized to do business in Florida.
Leaseback to Seller. At the Closing, Seller and Purchaser shall enter into one or more leases in substantially the form of Exhibit F-1 and Exhibit F-2 attached hereto and incorporated herein by this reference (collectively, the “Seller Leases”), pursuant to which Purchaser shall lease to Seller portions of the buildings and land included within the Property, consisting of approximately 113,620 square feet of warehouse and manufacturing space within the buildings known as Buildings C and D, approximately 16,078 square feet of office space on the fourth floor of the building known as Building A and the computer room located on the third floor of that Building, associated underground and surface parking, the tank farm, and the railroad tracks, in each case at the locations shown on the site plan attached to the Seller Leases, for the term, at the rental rates, and on the other conditions set forth in the Seller Leases.
Leaseback to Seller
Leaseback to Seller
