Seller Lease. A lease in the form of Exhibit F attached hereto and incorporated herein by this reference (the “Seller Lease”) duly executed by Seller;
Seller Lease. The Seller Lease duly executed by Purchaser.
Seller Lease. Seller desires to continue to lease a portion of the Property, as shown on Exhibit C attached hereto and incorporated herein by reference (the “Lease Property”), to continue the storage and maintenance of Winston-Salem Forsyth County School System’s school buses and vehicles and related office space on the Lease Property after Closing for a period not to exceed two (2) years from issuance of Buyer’s certificate of occupancy for the first phase of its development of the Property. Buyer agrees to lease the Lease Property back to the Seller pursuant to a lease for the purpose set forth above, the form of which is attached hereto as Exhibit D (the “Lease”).
Seller Lease. On or before the expiration of the Inspection Period, Purchaser, as landlord, and Seller or its assignee or designee, as tenant, acknowledge and agree to use commercially reasonably efforts to agree to a form of lease for a portion of the Building consisting of approximately 34,458 square feet (the “Seller Lease”), which Seller Lease shall be entered into by Purchaser and Seller (or its assignee or designee) at Closing. If Seller and Purchaser, notwithstanding their commercially reasonable efforts, fail to agree upon the final terms of the Seller Lease during the Inspection Period, then this Agreement shall automatically terminate, in which event the Xxxxxxx Money, together with all interest earned thereon, shall be returned to Purchaser and neither party shall have any further liability to the other hereunder, except as provided in Sections 6(c), 17 and 20 below The Seller Lease shall include the following terms and conditions: (i) the Seller Lease shall be for a term of five (5) years from and after the Closing Date (the “Seller Lease Term”); (ii) during the Seller Lease Term, Seller shall pay rent to Landlord equal to $21,708 per month NNN, with 3% annual increases; (iii) Seller shall have the right to extend the Seller Lease Term for one (1) additional period of five (5) years (an “Extension”) at fair market rental rates, which shall be effective upon Seller giving one hundred eighty (180) days written notice to Purchaser prior to the expiration of the Seller Lease Term or the then applicable Extension; (iv) a shorter lease through December 31, 2016, terminable on 30-days’ prior written notice at any time, for only the warehouse portion of the Building, which shall be on the same terms as the remainder of the Seller Lease except the rental rate for the warehouse portion of the Building will be: (x) $0.30 psf per month (gross) from the commencement of the Seller Lease through October 31, 2016, (y) $0.45 psf per month (gross) from November 1, 2016 through November 30, 2016, and (z) $0.60 psf per month (gross) from December 1, 2016 through December 31, 2016; (v) other commercially reasonable terms and conditions as mutually agreed to by Seller and Purchaser; and (vi) subject in each instance to applicable legal requirements, Landlord to complete the following tenant improvements as Landlord’s sole cost and expense, which tenant improvements shall be further defined and clarified as part of Purchaser’s and Seller’s commercially reasonable negotiations duri...
Seller Lease. Buyer agrees and acknowledges that Seller shall lease back the entire property for one (1) year following the Closing to complete a relocation from the Property to a new operating facility on the terms and conditions of the lease attached hereto as Exhibit F (“Seller Lease”). As set forth in the Seller Lease, Seller shall have two (2) options to extend the Seller Lease for six (6) months each (each a “Seller Lease Extensions”). To exercise a Seller Lease Extension per the terms of the Seller Lease, Seller must deliver written notice of its desire to exercise its option no later than ninety (90) days prior to the then existing expiration date of the Seller Lease. In addition, the Seller Lease includes an option for Seller to extend the term of the Seller Lease on Building 2 only for five (5) years following either the expiration of the initial one (1) year term of the Seller Lease or the end of the last exercised Seller Lease Extension, whichever is later, in accordance with the terms of the Seller Lease (the “Building 2 Lease Option”) which must be exercised by Seller by written notice delivered to Buyer no later than ninety (90) days prior to the time such option would take effect. For the purposes of this Agreement, the end of the term of the Seller Lease shall be referred to herein as the “Seller Relocation Date” (provided that with respect to Building 2, the Seller Relocation Date with respect to Building 2 only shall be the end of the term of the Building 2 Lease Option, if such option is exercised by Seller).
Seller Lease. Two (2) counterparts of a lease agreement (the "Seller Lease") between Purchaser, as landlord, and Standard Motor Products, Inc., as tenant, in substantially the form attached hereto as Schedule 5, executed by Seller;
Seller Lease. Two (2) counterparts of the Seller Lease, executed by Purchaser;
Seller Lease. Prior to the Closing, the Company shall assign and transfer to Seller, by a recordable deed in appropriate form, the real property presently owned by the Company in Indianapolis, Indiana on which the Woodview Trace building is situated, whereupon the Seller shall receive all right, title and interest to such real property. At the Closing, Seller and the Company shall enter into a mutually acceptable lease agree- ment (the "Seller Lease") relating to the lease by the Company from Seller of the Woodview Trace property and building, with substantially the terms set forth on Exhibit B hereto.
Seller Lease. The Seller Lease shall have been duly executed and delivered by each of the Company and Seller.
Seller Lease. Pursuant to Section 11(b) of the Original Agreement, Seller and Purchaser agree to execute and deliver at Closing the Seller Lease in substantially the form attached hereto as Exhibit A.
