Office Leases. Sellers are currently in compliance with all terms and conditions of the real property lease (the “Real Property Lease”) related to the Office, and the landlord thereunder does not have any claim of lien or otherwise with regard to the Purchased Assets. There are no defects in the property that is the subject of the Real Property Lease.
Office Leases. With respect to any Office Leases that are acquired by the Company or to which the Company succeeds as a result of the acquisition of the Archstone Residual Assets or Archstone Subsidiaries, the Members agree to use their commercially reasonable efforts to cooperate to mitigate the costs associated with such Office Lease. If any Parent shall have elected pursuant to Section 6.3(a) of the Buyers Agreement to assume any Office Lease or to obtain the sublease of premises under an Office Lease prior to the date of this Agreement, but the applicable consents or other conditions necessary to effectuate such election shall not have been obtained or satisfied prior to the date of this Agreement, then the Members shall be bound by, and shall cause the Company to comply with, the obligations of their respective Parents under the Buyers Agreement, so as to enable such assumption or sublease to be effectuated once the applicable consents or other conditions necessary to effectuate such election have been obtained or satisfied. Notwithstanding anything to the contrary contained in the Buyers Agreement, the Members agree to cooperate in good faith following the date of this Agreement on substantially the same terms as are provided in Section 6.3(a) of the Buyers Agreement should any of the Parents seek to assume any particular Office Lease or sublease any premises leased thereunder on terms consistent with the terms provided in Section 6.3(a) of the Buyers Agreement, notwithstanding that the “Initial Closing” referred to therein has occurred, but only if the Company has not, with respect to any particular Office Lease or premises leased thereunder, entered into an assignment of such Office Lease or sublease of such premises with a Third Party Entity with the Approval of the Members or the Approval of the Management Committee.
Office Leases. Section 4.27 of the Disclosure Schedule includes a list of the lease agreements (“Lease Agreements”) with respect to all of the real property leased or subleased to and occupied and used (or to be occupied and used) by the Company in conducting the operations of its business (the “Leased Real Property”). The Company has a valid leasehold interest in the Leased Real Property and the Lease Agreements are in full force and effect and there are no disputes or conflicts whatsoever pending or threatened against the Company in relation to the Lease Agreements. As of the Closing Date, there are no amounts due and unpaid by the Company under the Lease Agreements for any period before Closing or with respect to the Leased Real Property and the Company is not in breach of any of its obligations under the Lease Agreements.
Office Leases. An Affiliate of the Advisor Parent is, as of the date hereof, the lessee under a lease for office space on the 13th floor of the building located at 000 Xxxxxxxxxxx Xxxxxx, Xxxxxx, Xxxxxxxx, 00000 (the “13th Floor Lease”), which, as of the date hereof, is occupied by a substantial majority of the Transferred Employees working in Denver, Colorado. The Advisor Parent covenants to use commercially reasonable efforts to have the 13th Floor Lease assigned directly to the REIT at the Closing or as soon as practicable thereafter; provided, that if the Advisor Parent is not able to secure the assignment of the 13th Floor Lease to the REIT at the Closing, the Advisor Parent covenants to sublease the 13th Floor Lease to the REIT at the Closing on the same terms as set forth in the 13th Floor Lease. Additionally, the Advisor Parent covenants to use commercially reasonable efforts to assist the REIT in procuring a separate lease for an entire floor in the same building, at which time the Advisor Parent or one of its Affiliates shall take an assignment of or otherwise relieve the REIT of any obligations with respect to the office space covered by the 13th Floor Lease. Nothing contained in this Section 5.16 or otherwise in this Agreement shall require the Advisor Parent to make any financial accommodation in order to cause the assignment of the 13th Floor Lease or procure a separate lease as contemplated by the proviso in the preceding sentence.
Office Leases. 9.22 The GC shall assign to the GN on, and with effect from, the Transfer Date, the Office Leases listed in Appendix 8. The GC and GN acknowledge that the list attached hereto as Appendix 8 is a preliminary list and is subject to amendment prior to finalization as referred to in section 9.23.
Office Leases. Schedule 2.20 hereto sets forth a list of all leases of real property to which the Seller or the Subsidiaries are a party. Except as described in Schedule 2.20 hereto, each such lease is in full force and effect, all rents and other amount due thereunder have been paid, and no Subsidiary is in default under any material term thereof. The leases have been made available to Purchaser for its inspection. Certain leases have change in control provisions and, while Seller will cooperate with Purchaser to obtain any necessary landlord consent, no representation or warranty is made that the consummation of the transactions contemplated hereunder would not trigger a default, absent such consent, or that such consent will be obtained.
Office Leases. All rights, title and interest of ACS as tenant under or in connection with the Leases described on Schedule 1.1.11 (the "Office Leases and Premises") relating to the premises, also as described on Schedule 1.1.11; and
Office Leases. If requested by Buyer at least sixty (60) days before Closing. Buyer and Seller (or its appropriate Affiliate) will commence good faith negotiations regarding Buyer's short-term lease (not to exceed 180 days from the Closing Date) of office space in Sellers Kingman, Arizona, and Havasu, Arizona, office buildings, portions of which are used by Seller in connection with the Business, on commercially reasonable terms acceptable to Buyer and Seller.
Office Leases. Commissions to be calculated on the Base Rent (as defined below) for all or any fraction of the following years using the percentages below: First Lease Year: _____ % Second Lease Year: _____ % Third Lease Year: ______% Fourth Lease Year: ______% Fifth Lease Year: ______% Sixth Lease Year: ______% Seventh Lease Year: ______% Eighth Lease Year ______% Ninth Lease Year ______% Tenth Lease Year ______% [Comment: Commission rates for office leases are generally higher in the boroughs outside of Manhattan and may follow a different lease year schedule. This is negotiable.]
Office Leases. Each Lessor under each real estate lease shall have entered into a new lease agreement with, or an assignment of the current lease agreement, or an agreement to terminate such real estate lease, with Purchaser, in the form and on terms and conditions acceptable to Purchaser (the “Office Lease Restructuring Documents”).
