AUTHORITY TO LEASE. Upon the default by Assignor under the Loan Documents, Assignee shall have the right, power and authority to lease or rent the Premises or any part thereof; to employ an agent to manage and rent the Premises, to make any and all improvements to the Premises deemed solely by Assignee to be necessary for the leasing of the Premises, to maintain and keep the Premises in a rentable condition and in a good state of repair, to purchase any and all supplies, materials and equipment deemed necessary by Assignee in the continued operation and maintenance of the Premises, to pay all utilities, taxes and assessments for the Premises now due and to become due which are or may become liens against the Premises, to pay the principal and interest which are or may become due under the Loan Documents, to pay the premiums on all insurance policies affecting the Premises which are or may become due, to comply with all orders or notices of any governmental authority having jurisdiction over the Premises, to discharge Mechanic’s Liens or any other interests or liens filed against the Premises either by payment to the lienor or by filing with the appropriate court a bond pursuant to court order, and to pay all charges and expenses incurred in the operation of the Premises.
AUTHORITY TO LEASE. Owner agrees to promptly refer to Broker all inquiries concerning the Property during the term of this Agreement. Owner expressly grants to Broker the authority to negotiate leases and lease renewals and agrees to accept a lease that satisfies the Broker’s criteria. Tenant may not take possession of the Property until a fully executed lease has been delivered to Xxxxxx and Owner agrees to execute and return any such lease to Broker by fax or overnight mail within 24 hours of Owner’s receipt. In the event that a prospective tenant places a deposit with Broker or Owner and Tenant fails to execute a lease or take possession, said deposit, if retained, shall be disbursed 50% to Owner and 50% to Broker. Xxxxxx retains the full right to make any decisions on the return or retention of the deposit if the applicant demands the deposit return and there is a dispute. Owner acknowledges that by entering into this Agreement, Xxxxxx does not guarantee that the Property will be leased. Broker will use its best efforts to obtain a tenant. Owner certifies and represents that Owner has the legal authority and capacity to lease the property and the Property to be leased is a legal rental unit and rental of same will not violate any laws, ordinances or rules.
AUTHORITY TO LEASE. Owner agrees to promptly refer to Broker all inquiries concerning the Property during the term of this Agreement. Owner expressly grants to Broker the authority to negotiate leases and lease renewals and agrees to accept a lease that satisfies the Broker's criteria. Broker is given the Exclusive Right to screen and approve or disapprove prospective tenant(s), to deliver, on Owner's behalf, any default notices to tenant(s) as may be necessary. In the event that a prospective tenant places a deposit with Broker or Owner and Tenant fails to execute a lease or take possession, said deposit, if retained, shall be disbursed 50% to Owner and 50% to Broker. Owner certifies and represents that Owner has the legal authority and capacity to lease the property and the Property to be leased is a legal rental unit and rental of same will not violate any laws, ordinances or rules.
AUTHORITY TO LEASE. Owner agrees to refer to Broker all inquiries concerning the Property during the term of this Agreement. Owner expressly grants to Broker the authority to negotiate leases & renewals and agrees to accept a lease that satisfies the Owner’s criteria as expressly set forth in Paragraph 4. Tenant may not take possession of the Property until the lease is fully executed. If Owner is to sign all leases, Owner agrees to execute & return any such lease to Broker by fax or overnight mail within 24 hours of Owner’s receipt. In the event that a prospective tenant places a deposit with Broker or Owner and Tenant fails to execute a lease or take possession, said deposit or any portion thereof, if retained, shall be disbursed 100% to Owner.
AUTHORITY TO LEASE. As of the Commencement Date, Lessee and Lessor will have the necessary corporate authority and approval to enter this Lease. Lessee represents and warrants that: (a) it has secured all requisite corporate and governmental authority to enter into this Lease and conduct operations upon the Track and Land; and (b) it has secured all requisite governmental authority to conduct common carrier railroad freight operations upon the Track and Land.
AUTHORITY TO LEASE. 7 14. ENVIRONMENTAL.................................................................................. 8 15.
AUTHORITY TO LEASE. Landlord is a public school district of the State of Texas and under Texas Education Code § 11.151 is authorized to lease school district property pursuant to the approval of its board of trustees, so long as the lease does not interfere with use of the property by the school district and so long as the use does not divest the school district of the exclusive right to manage and control the property.
AUTHORITY TO LEASE. Landlord warrants and represents to Tenant that it has good and marketable fee simple title to the Premises owned by Landlord and has full right, power and authority to enter into this Lease. Landlord further warrants that (i) no construction has been performed on the Premises during the six (6) month period prior to the execution of this Lease, and (ii) there are no mortgages, deeds to secure debt, or other liens or conveyances of security title affecting the Premises which are superior to this Lease or which could result in the termination of this Lease except those listed on Exhibit “ ” attached hereto.
AUTHORITY TO LEASE. Lessor covenants that Lessor’s interest in the Property is sufficient to enter into this Lease, and that the Government may reasonably request evidence of said interest.
AUTHORITY TO LEASE. Lessor covenants that at the time of granting and delivery of this Lease, it has full right and authority to lease the Premises in accordance herewith. Lessor warrants to Lessee peaceful possession and quiet enjoyment of the Premises during the term hereof, upon Lessee’s performance of its convenants herein.
