Acceptance of Properties Sample Clauses

Acceptance of Properties. Subject to the Landlord’s obligations pursuant to Section 11.4(h), the Tenant acknowledges and agrees that the Landlord has not made any promises or representations or given any undertakings or warranties, express or implied, in fact or by law, as to the state, quality or physical or environmental condition in, on, under or of any of the Properties or that any of the Properties are suitable for any particular use or purpose or as to any other matter or thing whether or not related to any of the foregoing. Subject to the Landlord’s obligations pursuant to Section 11.4(h), the taking of possession of the Properties by the Tenant shall be conclusive evidence against the Tenant for all purposes that the Tenant accepted the Properties in their existing condition and that there are no outstanding promises, representations, undertakings or warranties by or binding upon the Landlord except such, if any, as are expressly contained in this Lease. The Tenant acknowledges that it has examined the Properties before taking possession thereof and such taking of possession shall be conclusive evidence as against the Tenant that at the time thereof the Properties were in satisfactory condition. Subject to the Landlord’s obligations pursuant to Section 11.4(h), the Tenant acknowledges that it accepts the Properties on an “as is” basis and that the Landlord shall not be responsible or liable for any latent or patent defects therein or for the making of any improvements to or upon the Properties.
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Acceptance of Properties. Lessee hereby agrees to accept the Properties from the Lessor as they are found by Lessee in “as is and where is” condition.
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Acceptance of Properties. 3 2.1 Condition of the Properties.................................... 3 2.2
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Acceptance of Properties. 2.1 Condition of the Properties. Tenant was the immediate past owner of the Properties, constructed the Buildings and the other existing Improvements and is thoroughly familiar with the Properties. Tenant hereby accepts the Properties in their present condition, AS IS. Landlord shall not be required to perform any work on the Properties whatsoever and there are no other preconditions to the commencement of this Lease and full performance by Tenant of all obligations owed to Landlord under this Lease. Landlord has not made and does not make any representations or warranties, express or implied, as to the physical condition, expenses, operation and maintenance, zoning, status of title, the use that may be made of any Property or any other matter or thing affecting or related to the Properties, including, without limitation, as to the present or future suitability of any Property for the conduct of Tenant's business thereon. Tenant hereby assumes all risks resulting from any defects (patent or latent) in the Properties or from any failure of the same to comply with any Legal Requirements (as defined in Section 6.4 below), any recorded or unrecorded encumbrance or agreement affecting the Land, or the uses or purposes for which the same may be occupied.
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Acceptance of Properties 
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Related to Acceptance of Properties

  • Maintenance of Properties (a) Maintain, preserve and protect all of its material properties and equipment necessary in the operation of its business in good working order and condition, ordinary wear and tear excepted; (b) make all necessary repairs thereto and renewals and replacements thereof except where the failure to do so could not reasonably be expected to have a Material Adverse Effect; and (c) use the standard of care typical in the industry in the operation and maintenance of its facilities.

  • Maintenance of Property The Company shall maintain, and shall cause each Subsidiary to maintain, and preserve all its property which is used or useful in its business in good working order and condition, ordinary wear and tear excepted and make all necessary repairs thereto and renewals and replacements thereof except where the failure to do so could not reasonably be expected to have a Material Adverse Effect.

  • Maintenance of Properties, Etc Maintain and preserve, and cause each of its Subsidiaries to maintain and preserve, all of its properties that are used or useful in the conduct of its business in good working order and condition, ordinary wear and tear excepted.

  • Maintenance of Properties and Leases Each Loan Party shall, and shall cause each of its Subsidiaries to, maintain in good repair, working order and condition (ordinary wear and tear excepted) in accordance with the general practice of other businesses of similar character and size, all of those properties useful or necessary to its business, and from time to time, such Loan Party will make or cause to be made all appropriate repairs, renewals or replacements thereof.

  • Maintenance of Properties and Insurance (a) The Issuer shall cause all material properties owned by or leased by it or any of its Restricted Subsidiaries used or useful to the conduct of its business or the business of any of its Restricted Subsidiaries to be maintained and kept in normal condition, repair and working order and supplied with all necessary equipment and shall cause to be made all repairs, renewals, replacements, and betterments thereof, all as in its judgment may be necessary, so that the business carried on in connection therewith may be properly and advantageously conducted at all times; provided, however, that nothing in this Section 4.05 shall prevent the Issuer or any of its Restricted Subsidiaries from discontinuing the use, operation or maintenance of any of such properties, or disposing of any of them, if such discontinuance or disposal is, in the judgment of the management of the Issuer or any such Restricted Subsidiary desirable in the conduct of the business of the Issuer or any such Restricted Subsidiary; provided, further, that nothing in this Section 4.05 shall prevent the Issuer or any of its Restricted Subsidiaries from discontinuing or disposing of any properties to the extent otherwise permitted by this Indenture.

  • Operation and Maintenance of Properties The Borrower, at its own expense, will, and will cause each Subsidiary to:

  • Lease of Property Landlord, for and in consideration of the covenants and agreements herein contained on the part of Tenant to be paid, kept, observed, and performed, hereby leases to Tenant, and Tenant hereby leases from Landlord for the Term (as hereinafter defined), the Property. Tenant’s use of the Property shall be in compliance with the terms of this Lease.

  • Maintenance of Properties; Insurance The Borrower will, and will cause each of its Subsidiaries to, (a) keep and maintain all property material to the conduct of its business in good working order and condition, ordinary wear and tear excepted, and (b) maintain, with financially sound and reputable insurance companies, insurance in such amounts and against such risks as are customarily maintained by companies engaged in the same or similar businesses operating in the same or similar locations.

  • Legal Existence; Maintenance of Properties The Borrower will do or cause to be done all things necessary to preserve and keep in full force and effect its legal existence, rights and franchises and those of its Subsidiaries and will not, and will not cause or permit any of the Guarantors to, convert to a limited liability company or a limited liability partnership unless simultaneously with such conversion the Borrower or such Guarantor shall have executed and delivered to the Administrative Agent all documentation which the Administrative Agent reasonably determines is necessary to continue the Borrower’s or such Guarantor’s obligations in respect of this Credit Agreement or the Guaranty, as applicable. It (a) will cause all of its properties and those of its Subsidiaries used or useful in the conduct of its business or the business of its Subsidiaries to be maintained and kept in good condition, repair and working order and supplied with all necessary equipment, (b) will cause to be made all necessary repairs, renewals, replacements, betterments and improvements thereof, all as in the judgment of the Borrower may be necessary so that the business carried on in connection therewith may be properly and advantageously conducted at all times, and (c) will, and will cause each of its Subsidiaries to, continue to engage primarily in the businesses now conducted by them and in related businesses; provided that nothing in this §5.6 shall prevent the Borrower from discontinuing the operation and maintenance of any of its properties or any of those of its Subsidiaries if such discontinuance is, in the judgment of the Borrower, desirable in the conduct of its or their business and does not in the aggregate materially adversely affect the business of the Borrower and its Subsidiaries on a consolidated basis.

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