Leases and Management Agreements. Borrower shall not, without the prior written consent and approval of Beneficiary, enter into any Lease or permit any tenancy of or affecting the Property except for Leases conforming to the requirements of the Loan Agreement, or enter into or permit any management agreement, of or affecting the Property, except as expressly permitted by the Loan Agreement.
Leases and Management Agreements. To the knowledge of the Borrower, the Leases and the Management Agreements are in full force and effect and no material defaults exist thereunder (or with respect to the giving of this representation after the date of this Agreement, as otherwise disclosed to the Lender in writing after the date of this Agreement and prior to the date such representation is deemed given). Copies of all material Leases and Management Agreements of the Borrower and its Subsidiaries have been delivered by the Borrower to the Lender.
Leases and Management Agreements. Section 5.23 of the Disclosure Schedule correctly identifies all Leases and Management Agreements to which any Credit Party is a party as of the Syndication Closing Date. To the extent that such Section summarizes Base Rent of Leases and other economic terms of Leases and Management Agreements, such summary is accurate and correct in all material respects. All Leases and Management Agreements listed in such Section are in full force and effect and have not been amended, modified, terminated or waived in any way, orally or in writing except as disclosed in the Disclosure Schedule. No material default beyond the expiration of any applicable notice or cure period exists under any such Lease to which any Credit Party is a party or, to the best of Borrower's knowledge, under any Management Agreement (whether or not a Credit Party is a party thereto). All Leases in each of the seven groups of Leases set forth in Section 5.23 of the Disclosure Schedule are on substantially the same terms and conditions (other than as to amount of Base Rent and percentage rent and identity of the leased premises).
Leases and Management Agreements. The Applicant has not entered into (i) any lease with respect to all or any portion of the Project, or (ii) any management agreement with respect to the operation or management of the Project.
Leases and Management Agreements. Borrower shall not, without the prior written consent and approval of Lender, enter into any Lease or permit any tenancy of or affectinx xxx Property.
Leases and Management Agreements. (a) Schedule 4.12 sets forth a list of the locations of the real properties leased as of the date hereof for use as a parking facility or material office space, whether as lessor or lessee, or subleased, whether as sublessor or sublessee, by the Company or any of its Subsidiaries (each, a “Lease” and collectively, the “Leases”; the property covered by Leases under which the Company or any Subsidiary is a lessor, sublessor, lessee or sublessee is referred to herein as the “Leased Real Property”). Schedule 4.12 also sets forth a list of the locations of the real properties managed as of the date hereof by the Company or any of its Subsidiaries pursuant to a management agreement (each, a “Management Agreement” and collectively the “Management Agreements”; the property covered by the Management Agreements is referred to herein as the “Managed Real Property”). The Company has previously made available to Parent and its representatives all of the Leases and Management Agreements currently in effect that are in the Company’s possession. Each of the Leases and Management Agreements constitutes the valid and legally binding obligation of the Company or its Subsidiaries, enforceable in accordance with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium, fraudulent transfer and similar laws of general applicability relating to or affecting creditors’ rights or by general equity principles, or except as would not have a Material Adverse Effect. Each Lease is in full force and effect, and the Company or a Subsidiary holds a valid leasehold interest in the Leased Real Property leased or subleased by the Company or any Subsidiary.
Leases and Management Agreements. During the Due Diligence Period, the Tenants, the Florida Tenant, the Manager and Purchaser shall have agreed to the form of the New Leases, the New Management Agreements, the Florida Lease and the Florida Management Agreement. Notwithstanding anything contained herein to the contrary, the Tenants, the Florida Tenant, the Manager and Purchaser shall have no obligation to agree to the form of the New Leases, the New Management Agreements, the Florida Lease or the Florida Management Agreement. The Tenants’, the Florida Tenant’s and Manager’s agreement to such forms, if at all, shall be evidenced by the Tenants, the Florida Tenant and Manager executing same and delivering the documents to Purchaser’s counsel pursuant to Section 8.2
