Approval of Lease. The Franchisee shall obtain the Franchisor’s prior written approval before executing any lease or purchase agreement for the Franchised Location. Any lease for the Franchised Location shall, at the option of the Franchisor, contain provisions including: (1) allowing for assignment of the lease to the Franchisor in the event that this Agreement is terminated or not renewed for any reason; (2) giving the Franchisor the right to cure any default by the Franchisee under such lease; and/or (3) providing the Franchisor with the right, exercisable upon and as a condition of the approval of the Franchised Location, to execute the lease agreement or other document providing entitlement to the use of the Franchised Location in its own name or jointly with the Franchisee as lessee and, upon the exercise of such option, the Franchisor shall provide the Franchisee with the right to use the premises as its sublessee, assignee, or other similar capacity upon the same terms and conditions as obtained by the Franchisor. The Franchisee shall deliver a copy of the signed lease for the Franchised Location to the Franchisor within 15 days of its execution. The Franchisee acknowledges that approval of a lease for the Franchised Location by the Franchisor does not constitute a recommendation, endorsement or guarantee by the Franchisor of the suitability of the location or the lease and the Franchisee should take all steps necessary to ascertain whether such location and lease are acceptable to the Franchisee.
Approval of Lease. Any lease of equipment or machinery shall not exceed five (5) years and shall be approved by affirmative vote of two-thirds (2/3) of the members of the Board, in accordance with the School Code.
Approval of Lease. Final approval of the form, terms and conditions of the Lease.
Approval of Lease. Mortgagee hereby consents to and approves the Lease.
Approval of Lease. Mortgagor covenants and agrees not to execute and deliver any Lease without written approval of the Lease by Mortgagee.
Approval of Lease. The parties acknowledge and understand that this Lease is subject to, and shall not take effect, without the written approval of the Palm Beach County Board of County Commissioners (the “County”) pursuant to the Ground Lease and, in the event such approval is not obtained, this Lease shall be deemed to be void and of no force and effect whatsoever, without recourse to the parties hereto. Both parties shall promptly furnish any information reasonably required by the Board.
Approval of Lease. The parties shall have entered into a Lease ----------------- described in Article 19 below prior to and effective only upon and as of the Close of Escrow."
3. Article 3 is hereby amended to add the following:
Approval of Lease. The parties shall have entered into a Lease ----------------- described in Article 19 below prior to the expiration of the Due Diligence Period, and effective only upon and as of the Close of Escrow. Purchaser shall prepare and deliver the Lease to Seller not later than seven (7) days before the end of the Due Diligence Period.
Approval of Lease. This Lease shall not become effective or binding until signed by the Chief Administrative Officer of the City of Albuquerque.
