Acceptance Procedure. Lessor hereby authorizes one or more employees of the related Lessee, to be designated by such Lessee, as the authorized representative or representatives of Lessor to accept delivery on behalf of Lessor of that Leased Property identified on the applicable Funding Request. Each Lessee hereby agrees that such acceptance of delivery by such authorized representative or representatives and the execution and delivery by such Lessee on each Closing Date for property to be leased hereunder of a Lease Supplement in substantially the form of Exhibit A hereto (appropriately completed) shall, without further act, constitute the irrevocable acceptance by such Lessee of that Leased Property which is the subject thereof for all purposes of this Lease and the other Operative Documents on the terms set forth therein and herein, and that such Leased Property, together with, in the case of Land, any Building or other improvements thereon or to be constructed thereon pursuant to the Construction Agency Agreement, shall be deemed to be included in the leasehold estate of this Lease and shall be subject to the terms and conditions of this Lease as of such Closing Date. The demise and lease of each Building pursuant to this Section 2.2 shall include any additional right, title or interest in such Building which may at any time be acquired by Lessor, the intent being that all right, title and interest of Lessor in and to such Building shall at all times be demised and leased to the related Lessee hereunder.
Appears in 3 contracts
Samples: Master Lease Agreement (Concord Efs Inc), Master Lease Agreement (Concord Efs Inc), Master Lease Agreement (Dollar Tree Stores Inc)
Acceptance Procedure. Lessor hereby authorizes one or more -------------------- employees of the related Lessee, to be designated by such Lessee, as the authorized representative or representatives of Lessor to accept delivery on behalf of Lessor of that Leased Property identified on the applicable Funding Request. Each Lessee hereby agrees that such acceptance of delivery by such authorized representative or representatives and the execution and delivery by such Lessee on each Closing Date for property to be leased hereunder of a Lease Supplement in substantially the form of Exhibit A hereto (appropriately --------- completed) shall, without further act, constitute the irrevocable acceptance by such Lessee of that Leased Property which is the subject thereof for all purposes of this Lease and the other Operative Documents on the terms set forth therein and herein, and that such Leased Property, together with, in the case of Land, any Building or and all Buildings and other improvements thereon or and/or to be constructed thereon pursuant to the Construction Agency Agreement, shall be deemed to be included in the leasehold estate of this Lease and shall be subject to the terms and conditions of this Lease as of such Closing Date. The demise and lease of each parcel of Land and each Building pursuant to this Section 2.2 ----------- shall include any additional right, title or interest in each such parcel of Land and each such Building which may at any time be acquired by Lessor, the intent being that all right, title and interest of Lessor in and to each such parcel of Land and each such Building shall at all times be demised and leased to the related Lessee hereunder.
Appears in 2 contracts
Samples: Master Lease Agreement (Hughes Supply Inc), Master Lease Agreement (Hughes Supply Inc)
Acceptance Procedure. Lessor hereby authorizes one or more employees of the related Lessee, to be designated by such Lessee, as the authorized representative or representatives of Lessor to accept delivery on behalf of Lessor of that Leased Property identified on the applicable Funding Request, subject to the satisfaction of the conditions in Section 3 of the Master Agreement. Each Lessee hereby agrees that such acceptance of delivery by such authorized representative or representatives and the execution and delivery by such Lessee on each Closing Date for property to be leased hereunder of a Lease Supplement in substantially the form of Exhibit A hereto (appropriately completed) shall, without further act, constitute the irrevocable acceptance by such Lessee of that Leased Property which is the subject thereof for all purposes of this Lease and the other Operative Documents on the terms set forth therein and herein, and that such Leased Property, together with, in the case of Land, with any Building or other improvements thereon or to be constructed thereon pursuant to the Construction Agency Agreement, shall be deemed to be included in the leasehold estate of this Lease and shall be subject to the terms and conditions of this Lease as of such Closing Date. The demise and lease of each Building pursuant to this Section 2.2 shall include any additional right, title or interest in such Building which may at any time be acquired by Lessor, the intent being that all right, title and interest of Lessor in and to such Building shall at all times be demised and leased to the related Lessee hereunder.
Appears in 2 contracts
Samples: Master Agreement (Ruby Tuesday Inc), Master Agreement (Ruby Tuesday Inc)
Acceptance Procedure. Lessor hereby authorizes one or more employees of the related Lessee, to be designated by such Lessee, as the authorized representative or representatives of Lessor to accept delivery on behalf of Lessor of that Leased Property identified on the applicable Funding Request. Each Lessee hereby agrees that such acceptance of delivery by such authorized representative or representatives and the execution and delivery by such Lessee on each Closing Date for property to be leased hereunder of a Lease Supplement in substantially the form of Exhibit A hereto (appropriately completed) shall, without further act, constitute the irrevocable acceptance by such Lessee of that Leased Property which is the subject thereof for all purposes of this Lease and the other Operative Documents on the terms set forth therein and herein, and that such Leased Property, together with, in the case of Land, with any Building or other improvements thereon or to be constructed thereon pursuant to the Construction Agency Agreement, shall be deemed to be included in the leasehold estate of this Lease and shall be subject to the terms and conditions of this Lease as of such Closing Date. The demise and lease of each Building pursuant to this Section 2.2 shall include any additional right, title or interest in such Building which may at any time be acquired by Lessor, the intent being that all right, title and interest of Lessor in and to such Building shall at all times be demised and leased to the related Lessee hereunder.
Appears in 2 contracts
Samples: Master Agreement (Ruby Tuesday Inc), Master Agreement (Ruby Tuesday Inc)
Acceptance Procedure. Lessor hereby authorizes one or more employees of the related Lessee, to be designated by such Lessee, as the authorized representative or representatives of Lessor to accept delivery on behalf of Lessor of that Leased Property identified on the applicable Funding Request. Each Lessee hereby agrees that such acceptance of delivery by such authorized representative or representatives and the execution and delivery by such Lessee on each Closing Date for property to be leased hereunder of a Lease Supplement in substantially the form of Exhibit A hereto (each, a "Lease Supplement") (appropriately completed) shall, without further act, constitute the irrevocable acceptance by such Lessee of that Leased Property which is the subject thereof for all purposes of this Lease and the other Operative Documents on the terms set forth therein and herein, and that such Leased Property, together with, in the case of Land, any Building or and all Buildings and other improvements thereon or and/or to be constructed thereon pursuant to the Construction Agency Agreement, shall be deemed to be included in the leasehold estate of this Lease and shall be subject to the terms and conditions of this Lease as of such Closing Date. The demise and lease of each parcel of Land and each Building pursuant to this Section 2.2 shall include any additional right, title or interest in each such parcel of Land and each such Building which may at any time be acquired by Lessor, the intent being that all right, title and interest of Lessor in and to each such parcel of Land and each such Building shall at all times be demised and leased to the related Lessee hereunder.
Appears in 2 contracts
Samples: Master Lease Agreement (Choicepoint Inc), Master Lease Agreement (Choicepoint Inc)
Acceptance Procedure. The Lessor hereby authorizes one -------------------- or more employees of the related Lessee, to be designated by such the Lessee, as the authorized representative or representatives of the Lessor to accept delivery on behalf of the Lessor of that the Leased Property identified on the applicable Funding RequestProperty. Each The Lessee hereby agrees that such acceptance of delivery by such authorized representative or representatives and the execution and delivery by such the Lessee on each the Closing Date for property to be leased subleased hereunder of a the Lease Supplement in substantially the form of Exhibit A hereto hereto, --------- appropriately completed (appropriately completed) the "Lease Supplement"), shall, without further ---------------- act, constitute the irrevocable acceptance by such the Lessee of that the Leased Property which is the subject thereof for all purposes of this Lease and the other Operative Documents on the terms set forth therein and herein, and that such the Leased Property, together with, in with the case of Land, any Building or other improvements thereon or to be constructed thereon pursuant to the Construction Agency Agreement, shall be deemed to be included in the leasehold estate of this Lease and shall be subject to the terms and conditions of this Lease as of such the Closing Date. The demise and lease sublease of each the Land and the Building pursuant to this Section 2.2 shall include ----------- any additional right, title or interest in such the Land and the Building which may at any time be acquired by the Lessor, the intent being that all right, title and interest of the Lessor in and to such the Land and the Building shall at all times be demised and leased to the related Lessee hereunder.
Appears in 1 contract
Samples: Master Lease Agreement (Jones Financial Companies Lp LLP)
Acceptance Procedure. (a) The Lessor hereby authorizes one or more employees of the related Lessee, to be designated by such the Lessee, as the authorized representative or representatives of the Lessor to accept delivery on behalf of the Lessor of that Leased the Property identified on the applicable Funding Request. Each Acquisition Request or an Equipment Schedule.
(b) The Lessee hereby agrees that such acceptance of delivery by such authorized representative or representatives and the execution and delivery by such the Lessee on each Closing the Ground Lease Interest Acquisition Date for property to be leased hereunder of a Lease Supplement in substantially the form of Exhibit A hereto (appropriately completed) shall, without further act, constitute the irrevocable acceptance by such the Lessee of that Leased the Property which is the subject thereof for all purposes of this Lease and the other Operative Documents on the terms set forth therein and herein, and that such Leased Property, together with, the Property (including the Improvements constructed thereon) shall be deemed to be included in the case leasehold estate of Land, any Building or other improvements thereon or to this Lease and shall be constructed thereon pursuant subject to the Construction Agency Agreementterms and conditions of this Lease as of the Ground Lease Interest Acquisition Date.
(c) The Lessee hereby agrees that such acceptance of delivery by such authorized representative or representatives and the execution and delivery by the Lessee of an Equipment Schedule in the form of Exhibit B hereto (appropriately completed) on or prior to the applicable Funding Date with respect to the acquisition of Equipment shall, without further act, constitute the irrevocable acceptance of the Equipment which is the subject thereof for all purposes of this Lease and the other Operative Documents on the terms set forth therein and herein, and that the Equipment shall be deemed to be included in the leasehold estate of this Lease and shall be subject to the terms and conditions of this Lease as of such Closing Funding Date. The demise and lease of each Building pursuant to this Section 2.2 shall include any additional right, title or interest in such Building which may at any time be acquired by Lessor, the intent being that all right, title and interest of Lessor in and to such Building shall at all times be demised and leased to the related Lessee hereunder.
Appears in 1 contract
Samples: Master Lease (Peoplesoft Inc)
Acceptance Procedure. One or more employees of Lessee designated by the Lessee, as the authorized representative or representatives of the Lessor, accepted delivery on behalf of Lessor of the Original Property pursuant to the Original Operative Documents. Lessee hereby agrees that execution and delivery by Lessee on the Documentation Date of Lease Supplement No. 1 substantially in the form of EXHIBIT A hereto (appropriately completed) shall, without further act, constitute the irrevocable reaffirmation of the acceptance by Lessee of the Original Property for all purposes of this Lease and the other Operative Documents on the terms set forth therein and herein. Lessor hereby authorizes one or more employees of the related Lessee, to be designated by such Lessee, as the authorized representative or representatives of Lessor to accept delivery on behalf of Lessor of that Leased the Additional Property identified on the applicable Funding RequestAcquisition Date. Each Lessee hereby agrees that such acceptance of delivery by such authorized representative or representatives and the execution and delivery by such Lessee on each Closing the Acquisition Date for property to be leased hereunder of a Lease Supplement No. 2 substantially in substantially the form of Exhibit EXHIBIT A hereto (appropriately completed) shall, without further act, constitute the irrevocable acceptance by such Lessee of that Leased the Additional Property which is the subject thereof and any improvements built or to be built thereon for all purposes of this Lease and the other Operative Documents on the terms set forth therein and herein, and that such Leased Property, together with, in the case of Land, any Building or other improvements thereon or to be constructed thereon pursuant to the Construction Agency Agreement, shall be deemed to be included in the leasehold estate of this Lease and shall be subject to the terms and conditions of this Lease as of such Closing Date. The demise and lease of each Building pursuant to this Section 2.2 shall include any additional right, title or interest in such Building which may at any time be acquired by Lessor, the intent being that all right, title and interest of Lessor in and to such Building shall at all times be demised and leased to the related Lessee hereunder.
Appears in 1 contract
Acceptance Procedure. (a) The Lessor hereby authorizes one or more employees of the related Lessee, to be designated by such the Lessee, as the authorized representative or representatives of the Lessor to accept delivery on behalf of the Lessor of that Leased the Property identified on the applicable Funding Request. Each Acquisition Request or an Equipment Schedule.
(b) The Lessee hereby agrees that such acceptance of delivery by such authorized representative or representatives and the execution and delivery by such the Lessee on each the Closing Date for property to be leased hereunder of a Lease Supplement in substantially the form of Exhibit A hereto (appropriately completed) shall, without further act, constitute the irrevocable acceptance by such the Lessee of that Leased the Property which is the subject thereof for all purposes of this Lease and the other Operative Documents on the terms set forth therein and herein, and that such Leased Property, together with, in the case of Land, any Building or other improvements thereon or to be Property (including the Improvements constructed thereon pursuant to the Construction Agency Agreement, thereon) (i) shall be deemed to be included in the leasehold estate of this Lease as of the Lease Commencement Date and (ii) shall be subject to the terms and conditions of this Lease on the Land Interest Acquisition Date, but only, in the case of this clause (ii), to the extent set forth in Section 2.7(f) of the Construction Agency Agreement.
(c) The Lessee hereby agrees that such acceptance of delivery by such authorized representative or representatives and the execution and delivery by the Lessee of an Equipment Schedule in the form of Exhibit B hereto (appropriately completed) on or prior to the applicable Funding Date with respect to the acquisition of Equipment shall, without further act, constitute the irrevocable acceptance of the Equipment which is the subject thereof for all purposes of this Lease and the other Operative Documents on the terms set forth therein and herein, and that the Equipment (i) shall be deemed to be included in the leasehold estate of this Lease as of the Lease Commencement Date and (ii) shall be subject to the terms and conditions of this Lease as of such Closing Funding Date. The demise and lease , but only, in the case of each Building pursuant to this Section 2.2 shall include any additional rightclause (ii), title or interest in such Building which may at any time be acquired by Lessor, the intent being that all right, title and interest of Lessor in and to such Building shall at all times be demised and leased to the related Lessee hereunderextent set forth in Section 2.7(f) of the Construction Agency Agreement.
Appears in 1 contract
Samples: Master Lease (Transport Corporation of America Inc)
Acceptance Procedure. Lessor hereby authorizes one or more employees of the related Lessee, to be designated by such Lessee, as the authorized representative or representatives of Lessor to accept delivery on behalf of Lessor of that Leased Property identified on the applicable Funding Request. Each Lessee hereby agrees that such acceptance of delivery by such authorized representative or representatives and the execution and delivery by such Lessee on each Closing Date for property to be leased hereunder of a Lease Supplement in substantially the form of Exhibit EXHIBIT A hereto (appropriately completed) shall, without further act, constitute the irrevocable acceptance by such Lessee of that Leased Property which is the subject thereof for all purposes of this Lease and the other Operative Documents on the terms set forth therein and herein, and that such Leased Property, together with, in the case of Land, with any Building or other improvements thereon or to be constructed thereon pursuant to the Construction Agency Agreement, shall be deemed to be included in the leasehold estate of this Lease and shall be subject to the terms and conditions of this Lease as of such Closing Date. The demise and lease of each Building pursuant to this Section SECTION 2.2 shall include any additional right, title or interest in such Building which may at any time be acquired by Lessor, the intent being that all right, title and interest of Lessor in and to such Building shall at all times be demised and leased to the related Lessee hereunder.
Appears in 1 contract
Acceptance Procedure. Lessor hereby authorizes one or more employees of the related Lessee, to be designated by such Lessee, as the authorized representative or representatives of Lessor to accept delivery on behalf of Lessor of that Leased Property identified on the applicable Funding Request. Each Lessee hereby agrees that such acceptance of delivery by such authorized representative or representatives and the execution and delivery by such Lessee on each Closing Date for property to be leased hereunder of a Lease Supplement in substantially the form of Exhibit A hereto (appropriately completed) shall, without further act, constitute the irrevocable acceptance by such Lessee of that Leased Property which is the subject thereof for all purposes of this Lease and the other Operative Documents on the terms set forth therein and herein, and that such Leased Property, together with, in the case of Land, with any Building or other improvements thereon or to be constructed thereon pursuant to the Construction Agency Agreement, shall be deemed to be included in the leasehold estate of this Lease and shall be subject to the terms and conditions of this Lease as of such Closing Date. The demise and lease of each Building pursuant to this Section 2.2 shall include any additional right, title or interest in such Building which may at any time be acquired by Lessor, the intent being that all right, title and interest of Lessor in and to such Building shall at all times be demised and leased to the related Lessee hereunder.
Appears in 1 contract
Acceptance Procedure. Lessor hereby authorizes one or more employees of the related Lessee, to be designated by such Lessee, as the authorized representative or representatives of Lessor to accept delivery on behalf of Lessor of that Leased Property identified on the applicable Funding Request. Each Lessee hereby agrees that such acceptance of delivery by such authorized representative or representatives and the execution and delivery by such Lessee on each Closing Date for property to be leased hereunder of a Lease Supplement in substantially the form of Exhibit A hereto (each, a "Lease Supplement") (appropriately completed) shall, without further act, constitute the irrevocable acceptance by such Lessee of that Leased Property which is the subject thereof for all purposes of this Lease and the other Operative Documents on the terms set forth therein and herein, and that such Leased Property, together with, in the case of Land, any Building or other and all Buildings and any improvements thereon or and/or to be constructed thereon pursuant to the Construction Agency Agreement, shall be deemed to be included in the leasehold estate of this Lease and shall be subject to the terms and conditions of this Lease as of such Closing Date. The demise and lease of each parcel of Land and each such Building pursuant to this Section 2.2 shall include any additional right, title or interest in such Building which may at any time be acquired by Lessor, the intent being that all right, title and interest of Lessor in and to each such parcel of Land and each such Building shall at all times be demised and leased to the related Lessee hereunder.
Appears in 1 contract
Samples: Master Agreement (Aaron Rents Inc)
Acceptance Procedure. (a) The Lessor hereby authorizes one or more -------------------- employees of the related Lessee, to be designated by such the Lessee, as the authorized representative or representatives of the Lessor to accept delivery on behalf of the Lessor of that Leased the Property identified on the applicable Funding Request. Each Acquisition Request or an Equipment Schedule.
(b) The Lessee hereby agrees that such acceptance of delivery by such authorized representative or representatives and the execution and delivery by such the Lessee on each the Closing Date for property to be leased hereunder of a Lease Supplement in substantially the form of Exhibit A --------- hereto (appropriately completed) shall, without further act, constitute the irrevocable acceptance by such the Lessee of that Leased the Property which is the subject thereof for all purposes of this Lease and the other Operative Documents on the terms set forth therein and herein, and that such Leased Property, together with, the Property (including the Improvements constructed thereon) shall be deemed to be included in the case leasehold estate of Land, any Building or other improvements thereon or to this Lease and shall be constructed thereon pursuant subject to the Construction Agency Agreementterms and conditions of this Lease as of the Closing Date.
(c) The Lessee hereby agrees that such acceptance of delivery by such authorized representative or representatives and the execution and delivery by the Lessee of an Equipment Schedule in the form of Exhibit B hereto --------- (appropriately completed) on or prior to the applicable Funding Date with respect to the acquisition of Equipment shall, without further act, constitute the irrevocable acceptance of the Equipment which is the subject thereof for all purposes of this Lease and the other Operative Documents on the terms set forth therein and herein, and that the Equipment shall be deemed to be included in the leasehold estate of this Lease and shall be subject to the terms and conditions of this Lease as of such Closing Funding Date. The demise and lease of each Building pursuant to this Section 2.2 shall include any additional right, title or interest in such Building which may at any time be acquired by Lessor, the intent being that all right, title and interest of Lessor in and to such Building shall at all times be demised and leased to the related Lessee hereunder.
Appears in 1 contract
Samples: Participation Agreement (Vitesse Semiconductor Corp)
Acceptance Procedure. Lessor hereby authorizes one or more employees of the related Lessee, to be designated by such Lessee, as the authorized representative or representatives of Lessor to accept delivery on behalf of Lessor of that Leased Property identified on the applicable Funding Request. Each Lessee hereby agrees that such acceptance of delivery by such authorized representative or representatives and the execution and delivery by such Lessee on each Closing Date for property to be leased hereunder of a Lease Supplement lease supplement in substantially the form of Exhibit A hereto (each, a “Lease Supplement”) (appropriately completed) shall, without further act, constitute the irrevocable acceptance by such Lessee of that Leased Property which is the subject thereof for all purposes of this Lease and the other Operative Documents on the terms set forth therein and herein, and that such Leased Property, together with, in the case of Land, any Building or and all Buildings and other improvements thereon or and/or to be constructed thereon pursuant to the Construction Agency Agreement, shall be deemed to be included in the leasehold estate of this Lease and shall be subject to the terms and conditions of this Lease as of such Closing Date. The demise and lease of each parcel of Land and each Building pursuant to this Section 2.2 shall include any additional right, title or interest in each such parcel of Land and each such Building which may at any time be acquired by Lessor, the intent being that all right, title and interest of Lessor in and to each such parcel of Land and each such Building shall at all times be demised and leased to the related Lessee hereunder.
Appears in 1 contract
Acceptance Procedure. The Lessor hereby authorizes -------------------- one or more employees of the related Lessee, to be designated by such the Lessee, as the authorized representative or representatives of the Lessor to accept delivery on behalf of the Lessor of that the Leased Property identified on the applicable Funding RequestProperty. Each The Lessee hereby agrees that such acceptance of delivery by such authorized representative or representatives and the execution and delivery by such the Lessee on each the Closing Date for property to be leased hereunder of a the Lease Supplement in substantially the form of Exhibit A hereto hereto, appropriately completed (appropriately completed) the --------- "Lease Supplement"), shall, without further act, constitute the irrevocable ---------------- acceptance by such the Lessee of that the Leased Property which is the subject thereof for all purposes of this Lease and the other Operative Documents on the terms set forth therein and herein, and that such the Leased Property, together with, in with the case of Land, any Building or other improvements thereon or to be constructed thereon pursuant to the Construction Agency Agreement, shall be deemed to be included in the leasehold estate of this Lease and shall be subject to the terms and conditions of this Lease as of such the Closing Date. The demise and lease of each the Land and the Building pursuant to this Section 2.2 shall include any additional right, title or interest in such the ----------- Land and the Building which may at any time be acquired by the Lessor, the intent being that all right, title and interest of the Lessor in and to such the Land and the Building shall at all times be demised and leased to the related Lessee hereunder.
Appears in 1 contract
Samples: Master Lease Agreement (Jones Financial Companies Lp LLP)
Acceptance Procedure. Lessor hereby authorizes one or more employees of the related Lessee, to be designated by such Lessee, as the authorized representative or representatives of Lessor to accept delivery on behalf of Lessor of that Leased Property identified on the applicable Funding Request. Each Lessee hereby agrees that such acceptance of delivery by such authorized representative or representatives and the execution and delivery by such Lessee on each Closing Date for property to be leased hereunder of a Lease Supplement in substantially the form of Exhibit A hereto (appropriately completed) shall, without further act, constitute the irrevocable acceptance by such Lessee of that Leased Property which is the subject thereof for all purposes of this Lease and the other Operative Documents on the terms set forth therein and herein, and that such Leased Property, together with, in the case of Land, any Building or and all Buildings and other improvements thereon or and/or to be constructed thereon pursuant to the Construction Agency Agreement, shall be deemed to be included in the leasehold estate of this Lease and shall be subject to the terms and conditions of this Lease as of such Closing Date. The demise and lease of each parcel of Land and each Building pursuant to this Section 2.2 shall include any additional right, title or interest in each such parcel of Land and each such Building which may at any time be acquired by Lessor, the intent being that all right, title and interest of Lessor in and to each such parcel of Land and each such Building shall at all times be demised and leased to the related Lessee hereunder.
Appears in 1 contract
Acceptance Procedure. (a) The Lessor hereby authorizes one or more -------------------- employees of the related Lessee, to be designated by such the Lessee, as the authorized representative or representatives of the Lessor to accept delivery on behalf of the Lessor of that Leased the Property identified on the applicable Funding Request. Each Acquisition Request or an Equipment Schedule.
(b) The Lessee hereby agrees that such acceptance of delivery by such authorized representative or representatives and the execution and delivery by such the Lessee on each Closing the Land Interest Acquisition Date for property to be leased hereunder of a Lease Supplement in substantially the form of Exhibit A hereto (appropriately completed) shall, without further act, --------- constitute the irrevocable acceptance by such the Lessee of that Leased the Property which is the subject thereof for all purposes of this Lease and the other Operative Documents on the terms set forth therein and herein, and that such Leased Property, together with, the Property (including the Improvements constructed thereon) shall be deemed to be included in the case leasehold estate of Land, any Building or other improvements thereon or to this Lease and shall be constructed thereon pursuant subject to the Construction Agency Agreementterms and conditions of this Lease as of the Land Interest Acquisition Date.
(c) The Lessee hereby agrees that such acceptance of delivery by such authorized representative or representatives and the execution and delivery by the Lessee of an Equipment Schedule in the form of Exhibit B hereto --------- (appropriately completed) on or prior to the applicable Funding Date with respect to the acquisition of Equipment shall, without further act, constitute the irrevocable acceptance of the Equipment which is the subject thereof for all purposes of this Lease and the other Operative Documents on the terms set forth therein and herein, and that the Equipment shall be deemed to be included in the leasehold estate of this Lease and shall be subject to the terms and conditions of this Lease as of such Closing Funding Date. The demise and lease of each Building pursuant to this Section 2.2 shall include any additional right, title or interest in such Building which may at any time be acquired by Lessor, the intent being that all right, title and interest of Lessor in and to such Building shall at all times be demised and leased to the related Lessee hereunder.
Appears in 1 contract
Samples: Master Lease (Quantum Corp /De/)