Upon Tenant s request and so long as Tenant is not in default under this Lease, Landlord shall consent to a collateral assignment of this Lease by Tenant ("Assignment") to a lender of Tenant ("Lender") and Landlord hereby agrees that in the event the Lender becomes holder of Tenant's interest in the Lease by virtue of its enforcement of Lender's rights under the Assignment, with written notice thereof to Landlord, the Lease shall continue in effect and Landlord shall recognize Lender as the tenant under the Lease for the remainder of the term of the Lease in accordance with the provisions thereof From. and after the date of the aforesaid notice, Lender shall be bound to Landlord under all terms, covenants and conditions of the Lease. Upon request, Landlord shall provide to Lender, copies of all amendments, modifications, or alterations of the Lease arising from and after the date hereof If Lender exercises its rights hereunder, Lender shall agree to engage an operator having experience in the operation of the use permitted by Section 8.1 in a manner consistent with the industry standards prevailing for uses of comparable class and standing in the Miami, Florida metropolitan area. The foregoing notwithstanding, no rights, privileges or immunities shall Inure to the benefit of Tenant, nor affect or release Tenant's undertakings under the Lease and no right, power or remedy conferred upon or reserved unto Landlord in the Lease shall be impaired or affected in any manner hereby, nor shall Landlord's execution of this instrument constitute a waiver of any such right, power or remedy contained therein. If Tenant defaults in its obligations to Lender under any loan documents between Tenant and Lender, and, as a result, Lender desires to exercise its remedies with respect to this Lease, Landlord agrees to permit Lender, at Lender's option, (a) to keep any collateral on the Premises for a period of thirty (30) days at the rental amount provided in the Lease, prorated on a daily basis without incurring any other obligations of Tenant under the Lease or (b) upon forty-eight (48) hours prior written notice to Landlord at the address as hereinabove provided, enter upon the Premises during the hours of 9:00 A.M. and 5:00 P.M. and to remove the collateral therefrom without any charge except for the reasonable cost or expense for repairs to the Premises arising out of any such removal and Landlord further agrees not to interfere hereunder or delay Lender's efforts in such removal and...
Upon Tenant s vacating and surrendering possession of the Demised Premises as of the aforesaid termination date this lease will terminate as if said date were the termination date set forth in the Preamble to this Lease.
Upon Tenant s written request, Landlord shall either (i) assign its development rights option to Tenant, at no charge to Tenant, or (ii) exercise its option to acquire the development rights to the extent designated by Tenant, and, simultaneously with its acquisition of such development rights, assign such rights to Tenant for consideration equal to the consideration paid by Landlord to H/P.
Examples of Upon Tenant in a sentence
Upon Tenant paying the rent reserved hereunder and observing and performing all of the covenants, conditions and provisions on Tenant's part to be observed and performed hereunder, Tenant shall have quiet possession of the Premises for the entire term hereof, subject to all the provisions of this Lease.
Upon Tenant paying the rent for the Premises and observing and performing all of the covenants, conditions and provisions on Tenant's part to be observed and performed hereunder, Tenant shall have quiet possession of the Premises for the entire term hereof subject to all of the provisions of this Lease.
Upon Tenant paying the Annual Base Rent and Additional Rent and performing all of Tenant's obligations under this Lease, Tenant may peacefully and quietly enjoy the Premises during the Term as against all persons or entities lawfully claiming by or through Landlord; subject, however, to the provisions of this Lease and to the rights of Landlord's Mortgagee.
Upon Tenant paying the rent reserved hereunder and observing and performing all of the covenants, conditions and provisions on Tenant’s part to be observed and performed hereunder, Tenant shall have quiet possession of the Premises for the entire term hereof, subject to all the provisions of this Lease.
Upon Tenant satisfying its obligations set forth in this Agreement, Landlord releases, discharges and waives any claims known or unknown, against Tenant, its successor, assigns, officers or directors, arising out of or in any way connected with the Lease through the date hereof, and Tenant releases, discharges and waives any claims, known or unknown, against the Landlord, its successors, assigns, officers or directors, arising out of or in anyway connected with the Lease through the date hereof.
More Definitions of Upon Tenant
Upon Tenant s Project Completion in accordance with the approved Contract Documents, Tenant shall procure and provide Landlord, to the satisfaction of Landlord in its sole and absolute discretion, with copies of: (i) a temporary certificate of occupancy from the appropriate governmental and quasi-governmental authorities verifying the Project Completion thereof as aforesaid; (ii) a certificate from Tenant's architect in charge of Tenant's Work verifying that Tenant's Work has been so completed, and (iii) a detailed cost breakdown of all funds expended on the design and construction of the Improvements and installation of the Furnishings, in form reasonably acceptable to Landlord. The issuance of the foregoing shall not be deemed to relieve Tenant of its obligation under the terms of this Lease to complete any and all such work in accordance with the Contract Documents. Tenant shall deliver a final certificate of occupancy from the appropriate governmental and quasi-governmental authorities upon it being issued.
Upon Tenant s written request, Landlord will contest, at Tenant's expense, the validity or amount of any such Real Estate Tax. Tenant shall be entitled to its R.E. Proportionate Share of any refund.
Upon Tenant s request, Landlord shall provide Tenant (or its designee) access to, and permit Tenant (or its designee) to copy, (a) all documentation used to determine the Excess Electrical Charges and After Hours HVAC Charges, and (b) the after hours activation log or use log that is maintained in connection with the use of the heating, ventilating and air conditioning system of the Building.
Upon Tenant s request, Landlord shall execute and deliver to Tenant, within ten (10) days from Landlord's receipt of said request, a statement in writing certifying that this Lease is in full force and effect, and setting forth the dates to which the rent and any other charges have been paid. Landlord's failure to deliver such statement within such time shall be conclusive upon Landlord that this Lease is in full force and effect, without modification, except as may be represented by Tenant, and that, to the best of Landlord's knowledge without inquiry, there are no defaults in Tenant's performance under the Lease. Provided, however, that Tenant may not request such statement from Landlord any more frequently than twice in any Lease Year.
Upon Tenant s execution of this Lease, Tenant shall pay to Landlord the Prepaid Rent set forth in Section 1 which shall be applied to the first installments of Base Monthly Rent falling due hereunder.
Upon Tenant s execution of this Lease, Tenant shall pay to Landlord the sum set forth in Section 2.8 as security for the payment by Tenant of any and all present and future debts and liabilities of Tenant to Landlord and for the performance by Tenant of all of its obligations arising under or in connection with this Lease (the "Security Deposit"). The Security Deposit may be increased pursuant to Section 14.3 below. Landlord shall not be required to keep the Security Deposit separate from its general funds and shall not be deemed to hold the Security Deposit in trust for Tenant and Tenant shall not be entitled to interest thereon. If Tenant defaults with respect to any provision of this Lease, Landlord may, but shall not be required to, use, apply or retain all or any part of the Security Deposit for the payment of any Rent or any other sum in default, or for the payment of any other amount that Landlord may spend or become obligated to spend by reason of Tenant's default or to compensate Landlord for any other loss or damage that Landlord may suffer by reason of Tenant's default, including, without limitation, costs and attorneys' fees incurred by Landlord to recover possession of the Premises following a default by Tenant. If any portion of the Security Deposit is so used or applied, Tenant shall, upon demand therefor, deposit cash with Landlord in an amount, sufficient to restore the Security Deposit to its original amount, and Tenant's failure to do so within ten (10) days shall constitute a default hereunder by Tenant.
Upon Tenant s paying the rent for the Premises and observing and performing all of the covenants, conditions and provisions on Tenant's part to be observed and performed hereunder, Tenant shall have quiet possession of the Premises for the entire term hereof subject to all of the provisions of this Lease.