Common use of Acceptance and Lease of Property Clause in Contracts

Acceptance and Lease of Property. On each Closing Date, Lessor, subject to the satisfaction or waiver of the conditions set forth in Section 3 of the Master Agreement, hereby agrees to accept delivery on such Closing Date of the Land designated by Lessee to be delivered on such Closing Date pursuant to the terms of the Master Agreement, together with any improvements thereon and simultaneously to lease to Lessee hereunder for the Lease Term, Lessor's interest in such Land and in such improvements, together with any Building which thereafter may be constructed thereon pursuant to the Construction Agency Agreement, and Lessee hereby agrees, expressly for the direct benefit of Lessor, commencing on such Closing Date for the Lease Term, to lease from Lessor Lessor's interest in such Land to be delivered on such Closing Date together with Lessor's interest in any Building and other improvements thereon or which thereafter may be constructed thereon pursuant to the Construction Agency Agreement.

Appears in 3 contracts

Samples: Master Agreement (Ruby Tuesday Inc), Master Agreement (Ruby Tuesday Inc), Master Agreement (Ruby Tuesday Inc)

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Acceptance and Lease of Property. On each Closing DateDate for Land, Lessor, subject to the satisfaction or waiver of the conditions set forth in Section 3 of the Master Agreement, hereby agrees to accept delivery on such Closing Date of the such Land designated by Lessee to be delivered on such Closing Date pursuant to the terms of the Master Agreement, together with any Building or Buildings and other improvements thereon thereon, and simultaneously to lease to the related Lessee hereunder for the Lease Term, Lessor's interest in such Land and in such Building or Buildings and other improvements, together with any Building which thereafter may be constructed thereon pursuant to the Construction Agency Agreement, and such related Lessee hereby agrees, expressly for the direct benefit of Lessor, commencing on such Closing Date for the Lease Term, to lease from Lessor Lessor's interest in such Land to be delivered on such Closing Date Date, together with with, in the case of Land, Lessor's interest in any the Building or Buildings and other improvements thereon or and/or which thereafter may be constructed thereon pursuant to the Construction Agency Agreement.

Appears in 2 contracts

Samples: Master Lease Agreement (Choicepoint Inc), Master Lease Agreement (Choicepoint Inc)

Acceptance and Lease of Property. On each Closing DateDate for Land, Lessor, subject to the satisfaction or waiver of the conditions set forth in Section 3 of the Master Agreement, hereby agrees to accept delivery on such Closing Date of the such Land designated by Lessee to be delivered on such Closing Date pursuant to the terms of the Master Agreement, together with any Building or other improvements thereon thereon, and simultaneously to lease to the related Lessee hereunder for the Lease Term, Lessor's interest in such Land and in such Building or other improvements, together with any Building which thereafter may be constructed thereon pursuant to the Construction Agency Agreement, and such related Lessee hereby agrees, expressly for the direct benefit of Lessor, commencing on such Closing Date for the Lease Term, to lease from Lessor Lessor's interest in such Land to be delivered on such Closing Date Date, together with with, in the case of Land, Lessor's interest in any Building and other improvements thereon or which thereafter may be constructed thereon pursuant to the Construction Agency Agreement.

Appears in 2 contracts

Samples: Master Lease Agreement (Concord Efs Inc), Lease Agreement (Dollar Tree Stores Inc)

Acceptance and Lease of Property. On each Closing DateDate for Land, Lessor, subject to the satisfaction or waiver of the conditions set forth in Section 3 of the Master Agreement, hereby agrees to accept delivery on such Closing Date of the such Land designated by Lessee to be delivered on such Closing Date (through a Deed or a Ground Lease, as applicable) pursuant to the terms of the Master Agreement, together with any Building or Buildings and other improvements thereon thereon, and simultaneously to lease to the related Lessee hereunder for the Lease Term, Lessor's interest in such Land and in such Building or Buildings and other improvements, together with any Building which thereafter may be constructed thereon pursuant to the Construction Agency Agreement, and such related Lessee hereby agrees, expressly for the direct benefit of Lessor, commencing on such Closing Date for the Lease Term, to lease from Lessor Lessor's interest in such Land to be delivered on such Closing Date Date, together with with, in the case of Land, Lessor's interest in any the Building or Buildings and other improvements thereon or and/or which thereafter may be constructed thereon pursuant to the Construction Agency Agreement.

Appears in 1 contract

Samples: Master Lease Agreement (Allete Inc)

Acceptance and Lease of Property. On each Closing DateDate for Land to be leased hereunder, Lessor, subject to the satisfaction or waiver of the conditions set forth in Section 3 of the Master Agreement, hereby agrees to accept delivery on such Closing Date of the such Land designated by Lessee to be delivered on such Closing Date pursuant to the terms of the Master Agreement, together with any Building or other improvements thereon thereon, and simultaneously to lease to the related Lessee hereunder for the Lease Term, Lessor's interest in such Land and in such Building or other improvements, together with any Building which thereafter may be constructed thereon pursuant to the Construction Agency Agreement, and such related Lessee hereby agrees, expressly for the direct benefit of Lessor, commencing on such Closing Date for the Lease Term, to lease from Lessor Lessor's interest in such Land to be delivered on such Closing Date together with Lessor's interest in any Building and other improvements thereon or which thereafter may be constructed thereon pursuant to the Construction Agency Agreement.

Appears in 1 contract

Samples: Master Lease Agreement (Dollar General Corp)

Acceptance and Lease of Property. On each Closing DateDate for Land, Lessor, subject to the satisfaction or waiver of the conditions set forth in Section 3 Article III of the Master Agreement, hereby agrees to accept delivery on such Closing Date of the such Land designated by Lessee to be delivered on such Closing Date pursuant to the terms of the Master Agreement, together with any Building or Buildings and other improvements thereon thereon, and simultaneously to lease to Lessee hereunder for the Lease Term, Lessor's ’s interest in such Land and in such Building or Buildings and other improvements, together with any Building which thereafter may be constructed thereon pursuant to the Construction Agency Agreement, and Lessee hereby agrees, expressly for the direct benefit of Lessor, commencing on such Closing Date for the Lease Term, to lease from Lessor Lessor's ’s interest in such Land to be delivered on such Closing Date Date, together with with, in the case of Land, Lessor's ’s interest in any the Building or Buildings and other improvements thereon or and/or which thereafter may be constructed thereon pursuant to the Construction Agency Agreement.

Appears in 1 contract

Samples: Master Lease Agreement (Checkfree Corp \Ga\)

Acceptance and Lease of Property. On each the Closing Date, -------------------------------- Lessor, subject to the satisfaction or waiver of the conditions set forth in Section 3 of the Master Agreement, hereby agrees to accept delivery on such the Closing Date of the Land designated by Lessee to be delivered on such the Closing Date pursuant to the terms of the Master Agreement, together with any improvements thereon and simultaneously to lease to Lessee hereunder for the Lease Term, Lessor's interest in such Land and in such improvements, together with any Building which thereafter may be constructed thereon pursuant to the Construction Agency Agreement, and Lessee hereby agrees, expressly for the direct benefit of Lessor, commencing on such the Closing Date for the Lease Term, to lease from Lessor Lessor's interest in such Land to be delivered on such Closing Date the Land, together with Lessor's interest in any Building and other improvements thereon or which thereafter may be constructed thereon pursuant to the Construction Agency Agreement.. The legal description of the Land is set forth on Exhibit A hereto. ---------

Appears in 1 contract

Samples: Master Agreement (Sterling Commerce Inc)

Acceptance and Lease of Property. On each Closing DateDate for Land, Lessor, subject to the satisfaction or waiver of the conditions set forth in Section 3 of the Master Agreement, hereby agrees to accept delivery on such Closing Date of the such Land designated by Lessee to be delivered on such Closing Date pursuant to the terms of the Master Agreement, together with any Building or other improvements thereon thereon, and simultaneously to lease to the related Lessee hereunder for the Lease Term, Lessor's ’s interest in such Land and in such Building or other improvements, together with any Building which thereafter may be constructed thereon pursuant to the Construction Agency Agreement, and such related Lessee hereby agrees, expressly for the direct benefit of Lessor, commencing on such Closing Date for the Lease Term, to lease from Lessor Lessor's ’s interest in such Land to be delivered on such Closing Date Date, together with with, in the case of Land, Lessor's ’s interest in any Building and other improvements thereon or which thereafter may be constructed thereon pursuant to the Construction Agency Agreement.

Appears in 1 contract

Samples: Master Lease Agreement (Concord Efs Inc)

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Acceptance and Lease of Property. On each Closing DateDate for Land, Lessor, subject to the satisfaction or waiver of the conditions set forth in Section 3 of the Master Agreement, hereby agrees to accept delivery on such Closing Date of the Land designated by Lessee to be delivered on such Closing Date pursuant to the terms of the Master Agreement, together with any Building and other improvements thereon and simultaneously to lease to Lessee hereunder for the Lease Term, Lessor's interest in such Land and in such Building and other improvements, together with any Building which thereafter may be constructed thereon pursuant to the Construction Agency Agreement, and Lessee hereby agrees, expressly for the direct benefit of Lessor, commencing on such Closing Date for the Lease Term, to lease from Lessor Lessor's interest in such Land to be delivered on such Closing Date together with with, in the case of Land, Lessor's interest in any Building and other improvements thereon or which thereafter may be constructed thereon pursuant to the Construction Agency Agreement.

Appears in 1 contract

Samples: Lease Participation Agreement (Aaron Rents Inc)

Acceptance and Lease of Property. On each Closing DateDate for Land, Lessor, subject to the satisfaction or waiver of the conditions set forth in Section 3 Article III of the Master Agreement, hereby agrees to accept delivery on such Closing Date of the such Land designated by Lessee to be delivered on such Closing Date pursuant to the terms of the Master Agreement, together with any Building or Buildings and other improvements thereon thereon, and simultaneously to lease to the related Lessee hereunder for the Lease Term, Lessor's interest in such Land and in such Building or Buildings and other improvements, together with any Building which thereafter may be constructed thereon pursuant to the Construction Agency Agreement, and such related Lessee hereby agrees, expressly for the direct benefit of Lessor, commencing on such Closing Date for the Lease TermDate, to lease from Lessor for the Lease Term Lessor's interest in such Land to be delivered on such Closing Date Date, together with with, in the case of Land, Lessor's interest in any the Building or Buildings and other improvements thereon or and/or which thereafter may be constructed thereon pursuant to the Construction Agency Agreement.

Appears in 1 contract

Samples: Master Lease Agreement (Borders Group Inc)

Acceptance and Lease of Property. On each Closing DateDate for Land, Lessor, subject to the satisfaction or waiver of the conditions set forth in Section 3 of the Master Agreement, hereby agrees to accept delivery on such Closing Date of the such Land designated by Lessee to be delivered on such Closing Date pursuant to the terms of the Master Agreement, together with any Building or Buildings and other improvements thereon thereon, and simultaneously to lease to the related Lessee hereunder for the Lease Term, Lessor's interest in such Land and in such Building or Buildings and other improvements, together with any Building which thereafter may be constructed thereon pursuant to the Construction Agency Agreement, and such related Lessee hereby agrees, expressly for the direct benefit of Lessor, commencing on such Closing Date for the Lease Term, to lease from Lessor Lessor's interest in such Land to be delivered on such Closing Date Date, together with with, in the case of Land, Lessor's interest in any the Building or Buildings and other improvements thereon or and/or which thereafter may be constructed thereon pursuant to the Construction Agency Agreement.

Appears in 1 contract

Samples: Lease Agreement (Discount Auto Parts Inc)

Acceptance and Lease of Property. On each Closing DateDate for Land to be leased hereunder, Lessor, subject to the satisfaction or waiver of the conditions set forth in Section 3 of the Master Agreement, hereby agrees to accept title to and delivery on such Closing Date of the such Land designated by Lessee to be delivered on such Closing Date pursuant to the terms of the Master Agreement, together with any Building or other improvements thereon thereon, and simultaneously to lease to the related Lessee hereunder for the Lease Term, Lessor's interest in such Land and in such Building or other improvements, together with any Building which thereafter may be constructed thereon pursuant to the Construction Agency Agreement, and such related Lessee hereby agrees, expressly for the direct benefit of Lessor, commencing on such Closing Date for the Lease Term, to lease from Lessor Lessor's interest in such Land to be delivered on such Closing Date together with Lessor's interest in any Building and other improvements thereon or which thereafter may be constructed thereon pursuant to the Construction Agency Agreement.

Appears in 1 contract

Samples: Master Lease Agreement (Cornell Companies Inc)

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