Assumption of Office Lease Sample Clauses

Assumption of Office Lease. 20 Stockholder's Participation in Buyer's Medical Plan..............21 ARTICLE V INDEMNIFICATION...................................................21
Sample 1
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Assumption of Office Lease. At the Closing, or as soon as practicable thereafter, not to exceed thirty (30) days following the Closing Date, Buyer and Seller shall cause to be executed and deliver such documents reasonably requested by American National Insurance Company ("Lessor") as reasonably necessary to effect an assignment and assumption by Buyer of the lease by and between Seller and Lessor dated December 11, 1995, as amended September 1, 1996 and January 1, 1997 with respect to Seller's office facilities located at 6161 Xxxxx Xxxxx, Xxxxxxx, Xxxxx (xxe "Lease") which documents shall include: (i) Assignment, Assumption and Consent to Lease among Buyer, Seller and Lessor and (ii) an Estoppel Certificate in favor of Buyer. Nothing contained herein shall obligate Buyer to assume any unperformed obligations or any other liabilities under such lease incurred or accrued prior to the Closing Date; provided, however, Buyer shall assume past due rent obligations under the Lease up to the amount of $125,878. Buyer shall have the right to rescind such assumption of the Lease in the event that (i) Lessor does not approve of consent to the assignment of the Lease to Buyer or (ii) Lessor does not waive any existing or prior defaults under the Lease.
Sample 1
Assumption of Office Lease. The Company has caused COG to become the successor tenant to the Company of the Office Lease Agreement and COG has assumed and is solely responsible and liable for all liabilities, obligations, duties, payments and benefits which exist or arise after the date of such assignment under the Office Lease or under applicable law with respect to such Office Lease Agreement, and the consent of the landlord to such assignment has been obtained by the Company and COG.
Sample 1
Assumption of Office Lease. The Parties shall execute the Assignment and Assumption of Lease Agreement attached hereto as Schedule A (the "Lease Assignment").
Sample 1
Assumption of Office Lease. The Seller, as tenant, and DMV SUB 2, L.P., as landlord (the "Landlord"), are parties to that certain Industrial Lease Agreement dated October 2002 (the "Lease"). The Seller shall assign the Lease, and the Buyer shall assume the Lease, for a term of three (3) months, commencing on the Closing Date and continuing for three (3) months thereafter, which term shall be subject to automatic month-to-month renewals until the expiration of the term of the Lease, unless either the Seller or the Buyer provides the other party with at least sixty (60) days' prior written notice of termination of the assumption of the Lease or the Lease is earlier terminated in accordance with the terms of the Lease. During the term of the assumption of the Lease, the Buyer shall pay all rent payments and any other payments due under the Lease to the Seller, and the Buyer shall maintain all insurance required under the Lease. The Buyer shall, at the Buyer's cost and expense, fully and completely indemnify, defend and hold the Seller harmless from and against (and pay the full amount of) any and all actual damage, loss, expense, claims, demands, causes of action by or liability to third parties, and pay any and all awards of damages assessed against the Seller, arising out of or resulting from, in whole or in part, the Buyer's assumption of the Lease. The Seller and the Buyer acknowledge that the Landlord has not approved the above-mentioned assumption of the Lease.
Sample 1
Assumption of Office Lease. In the event that the assumption of the tenant's entire interest in that certain office lease dated as of November 7, 2000 (and the amendment to such lease dated as of June 18, 2001) wherein PRF is the landlord and the Group is the tenant for space being constructed by Pxxxxxx (the "Office Lease") is not accomplished by operation of Law at the Closing, the Buyer shall assume the tenant's entire interest in that Office Lease. Subject to the approval of Wxxxx Fargo, the terms of the Office Lease may be adjusted as it pertains to the demised premises to provide space for offices for Pxxxxxx (and/or Pxxxxxx'x Affiliates) and Wxxxx Fargo. For so long as Gxxxxxxx (or his successor), as regional manager of the Buyer, is reasonably satisfied that the prices and services of Wxxxx Fargo are reasonably comparable to the prices and services of the competitors of Wxxxx Fargo, then the Buyer shall continue to engage Wxxxx Fargo for a period of at least one (1) year after the Closing Date in the capacity engaged by the Group as of immediately prior to the Closing Date.
Sample 1

Related to Assumption of Office Lease

  • Location of Office The Company shall make available to Executive an office and support services at the Company’s headquarters in Dallas/Plano, Texas area. Executive’s main office shall be at such location.

  • Terms of Office of Trustees The Trustees shall hold office during the lifetime of this Trust, and until its termination as herein provided; except that (A) any Trustee may resign his trusteeship or may retire by written instrument signed by him and delivered to the other Trustees, which shall take effect upon such delivery or upon such later date as is specified therein; (B) any Trustee may be removed at any time by written instrument signed by at least two-thirds of the number of Trustees prior to such removal, specifying the date when such removal shall become effective; (C) any Trustee who has died, become physically or mentally incapacitated by reason of disease or otherwise, or is otherwise unable to serve, may be retired by written instrument signed by a majority of the other Trustees, specifying the date of his retirement; (D) a Trustee may be removed at any meeting of the Shareholders by a vote of the Shareholders owning at least two-thirds (66 2/3%) of the Outstanding Shares; and (E) a Trustee shall be retired in accordance with the terms of any retirement policy adopted by the Trustees and in effect from time to time.

  • Terms of Office Each Director shall serve at the pleasure of the governing body of the Party that the Director represents, and may be removed as Director by such governing body at any time. If at any time a vacancy occurs on the Board, a replacement shall be appointed to fill the position of the previous Director in accordance with the provisions of Section 4.2 within 90 days of the date that such position becomes vacant.

  • Term of Office of Trustees The Board of Trustees shall be divided into three classes. Within the limits above specified, the number of the Trustees in each class and the class which each Trustee is assigned shall be determined by resolution of the Board of Trustees. The term of office of the first class shall expire on the date of the first annual meeting of Shareholders or special meeting in lieu thereof following the effective date of the Registration Statement. The term of office of the second class shall expire on the date of the second annual meeting of Shareholders or special meeting in lieu thereof following the effective date of the Registration Statement. The term of office of the third class shall expire on the date of the third annual meeting of Shareholders or special meeting in lieu thereof following the effective date of the Registration Statement. Upon expiration of the term of office of each class as set forth above, the number of Trustees in such class, as determined by the Board of Trustees, shall be elected for a term expiring on the date of the third annual meeting of Shareholders or special meeting in lieu thereof following such expiration to succeed the Trustees whose terms of office expire. The Trustees shall be elected at an annual meeting of the Shareholders or special meeting in lieu thereof called for that purpose, except as provided in Section 2.3 of this Article and each Trustee elected shall hold office until his successor shall have been elected and shall have qualified; except (a) that any Trustee may resign his trust (without need for prior or subsequent accounting) by an instrument in writing signed by him and delivered to the other Trustees, which shall take effect upon such delivery or upon such later date as is specified therein; (b) that any Trustee may be removed (provided the aggregate number of Trustees after such removal shall not be less than the number required by Section 2.2 hereof) for cause, at any time by written instrument, signed by the remaining Trustees, specifying the date when such removal shall become effective; and (c) that any Trustee who requests in writing to be retired or who has become incapacitated by illness or injury may be retired by written instrument signed by a majority of the other Trustees, and he shall execute and deliver such documents as the remaining Trustees shall require for the purpose of conveying to the Fund or the remaining Trustees any Fund property held in the name of the resigning or removed Trustee. Upon the incapacity or death of any Trustee, his legal representative shall execute and deliver on his behalf such document as the remaining Trustees shall require as provided in the preceding sentence.

  • Location of Offices The Borrower’s jurisdiction of organization, principal place of business and chief executive office and the office where the Borrower keeps all the Records is located at the address of the Borrower referred to in Section 12.2 hereof (or at such other locations as to which the notice and other requirements specified in Section 5.1(m) shall have been satisfied).

  • Maintenance of Office The Borrower will maintain its chief executive office at 00000 Xxxxxxxxxxxx Xxxxxxx, Xxxxx 000, Xxxxxxxxxx Xxxxx, Xxxxxxxx, 00000, or at such other place in the United States of America as the Borrower shall designate upon prior written notice to the Agent and the Banks, where notices, presentations and demands to or upon the Borrower in respect of the Loan Documents may be given or made.

  • Compensation of OFI The Fund agrees to pay OFI and OFI agrees to accept as full compensation for the performance of all functions and duties on its part to be performed pursuant to the provisions hereof, a fee computed on the aggregate net assets of the Fund as of the close of each business day and payable monthly at the following annual rates:

  • Assignment and Transfer The Member may assign or transfer in whole but not in part its limited liability company interest to a single acquiror.

  • Term of Office Each officer shall hold office until his or her successor shall have been duly elected, until his or her death, or until he or she shall resign or shall have been removed in the manner hereinafter provided.

  • Assignment and Transfers Except as the Committee may otherwise permit pursuant to the Plan, the rights and interests of the Participant under this Agreement may not be sold, assigned, encumbered or otherwise transferred except, in the event of the death of the Participant, by will or by the laws of descent and distribution. In the event of any attempt by the Participant to alienate, assign, pledge, hypothecate, or otherwise dispose of the Stock Units or any right hereunder, except as provided for in this Agreement, or in the event of the levy or any attachment, execution or similar process upon the rights or interests hereby conferred, the Company may terminate the Stock Units by notice to the Participant, and the Stock Units and all rights hereunder shall thereupon become null and void. The rights and protections of the Company hereunder shall extend to any successors or assigns of the Company and to the Company’s parents, subsidiaries, and affiliates. This Agreement may be assigned by the Company without the Participant’s consent.

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