Agreements Affecting the Premises Clause Samples
The "Agreements Affecting the Premises" clause defines the parties' obligations regarding any existing or future agreements that impact the property in question. Typically, this clause requires the landlord to disclose any leases, easements, covenants, or other legal arrangements that could affect the tenant's use or enjoyment of the premises. For example, it may cover utility easements, shared access rights, or prior lease agreements. Its core function is to ensure transparency and prevent disputes by making sure all parties are aware of any third-party rights or restrictions that could influence their interests in the property.
Agreements Affecting the Premises. There shall have been delivered a copy of any and all agreements, understandings, covenants and restrictions, except those for utility right of ways, with or relating to the Real Property, its owners or tenants, affecting the Borrower as owner, successor, or successor or the Tenant as lessee under the Lease.
Agreements Affecting the Premises. Without the prior consent of Agent, which consent shall not be unreasonably withheld or delayed (such consent having been granted with respect to the Development Agreement, the Management Agreement, the Ground Lease, the General Contract, the Architect's Agreement, Approved Leases and the Engineer's Agreement) enter into any development, leasing, management or other similar agreement that constitutes a Major Contract, or fail to provide a letter, in form and substance satisfactory to Agent, executed by the other party to said agreement (including those agreements to which Agent has consented) to the effect, that upon a default under any Loan Document and Agent's acquisition and/or obtaining control of the Premises on behalf of the Lenders through foreclosure, sale or other means, such agreement shall terminate upon Agent's request at no cost to Agent and Lenders (provided that no such letter will be required if the agreement in question contains the foregoing provision);
Agreements Affecting the Premises. Borrower shall not, and shall not allow Senior Borrower to, enter into any brokerage, leasing, subleasing, management, parking, maintenance, service, operating or consulting agreements which (i) provide for annual payments in the aggregate in excess of $750,000.00, and (ii) is not terminable on thirty (30) days’ notice, without the prior written consent of Administrative Agent, such consent not to be unreasonably withheld, conditioned or delayed (and shall be consistent with any approval requirements of the Senior Administrative Agent) and if any such agreement shall not provide that such agreement may be cancelled without cause on thirty (30) days’ notice, such agreement shall provide, or the parties to such agreement shall enter into a separate agreement with Administrative Agent which shall provide, that upon the occurrence of an Event of Default and Administrative Agent’s succeeding to the ownership or control of the Collateral, such agreement shall terminate upon Administrative Agent’s request at no cost to Administrative Agent;
Agreements Affecting the Premises. There are no contracts or agreements (either oral or written) affecting the Premises entered into by Borrower or of which Borrower has knowledge, including leases, tenancies or other contracts or agreements relating to the maintenance, development or management thereof, except as otherwise specifically described in this Article I or Article II or as listed in Exhibit D hereto and except for contracts and agreements which may be cancelled on thirty (30) days notice or which do not have a term of more than a year. Borrower has heretofore furnished Lender with true and complete copies of all of such contracts or agreements.
Agreements Affecting the Premises