Boston Lease Sample Clauses

Boston Lease. Buyer and Seller acknowledge and agree that (i) Seller is a guarantor of InsuranceQuotes, Inc.’s, a Delaware corporation and indirect Subsidiary of Seller (“InsuranceQuotes”), obligations under the Commercial Lease (the “Boston Lease”), dated September 17, 2015, by and between Retals, LLC and InsuranceQuotes with respect to the real property located at 000 Xxxxxx Xxxxxx, Xxxxxx, XX 00000 and (ii) Buyer shall use commercially reasonable efforts from and after the date hereof to assist Seller in obtaining a release of Seller’s guaranty of the Boston Lease; provided, that, in no event shall any direct or indirect equityholder of Buyer be required to provide a replacement guaranty in satisfaction of Buyer’s obligations under this Section 6.7. In the event that Seller does not obtain such release prior to the Closing, from and after the Closing, Buyer shall indemnify, defend and hold harmless Seller from and against any Losses incurred by Seller under or in connection with its obligations as a guarantor under the Boston Lease.
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Boston Lease. 2 Article VII COVENANTS OF BUYER AND SELLER.................................................................................................2
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Boston Lease. The Selling Stockholders shall, at their sole cost and expense, (i) use their commercially reasonable efforts to transfer, convey and assign, and to cause the Company to transfer, convey and assign to a third party on or prior to the Closing Date, without further Liability of any kind to the Company or its Affiliates, all rights and obligations of the Company under the Boston Community Property Lease, dated as of September 2004 (the "Boston Lease"), between Xxxxxxx Xxx, Trustee and the Company and (ii) if necessary or desirable, continue to use their commercially reasonable efforts after the Closing Date to fully and completely effect such transfer, conveyance and assignment as promptly as practicable and fully cooperate with Xxxxxx, the Company and their Afilliates after the Closing Date in all matters with respect thereto.
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Boston Lease. 13 Business . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 Closing. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7
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Boston Lease. The parties acknowledge that the real property lease for the Boston Location terminates on April 29, 1999. The parties further acknowledge that the purchase price for this transaction with respect to the Boston Location was based upon an assumption that BUYER will be able to obtain a new lease acceptable to BUYER for the Boston Location with an initial term such that the remaining term of the existing lease, and the initial term of the new lease is twenty (20) years, plus two renewal option terms under the new lease of five (5) years each. Prior to the termination of the lease for the Boston location, if so requested by BUYER, SELLER will cooperate to assist BUYER in renegotiating a new lease or lease renewal of the existing lease containing the initial term and option terms desired. In the event an acceptable lease to BUYER, in BUYER's sole discretion, is not executed by the BUYER prior to the expiration of the current lease for the Boston Location, SELLER agrees that BUYER shall receive a credit of $199,200.00 against the outstanding principal balance then existing under the Promissory Note executed by BUYER to SELLER at the CLOSING hereunder. In such case, the new outstanding principal balance of the Promissory Note existing after such credit shall be re-amortized over the remaining term of the Note in equal monthly installments of principal and interest. In the event the BUYER does not obtain a new lease acceptable to it as provided for herein prior to the expiration of the current lease for the Boston location, BUYER shall transfer all of the assets (including the liquor license) utilized by BUYER in the operations of the Boston Location to SELLER on the last business day of the current lease term. Such assets shall be transferred to SELLER in the same condition as received from SELLER, subject to reasonable and normal wear and tear. If such transfer occurs, BUYER shall be entitled to receive reimbursement for its cost of food and beverage inventory transferred to SELLER, and the parties shall make the same prorations in connection with such transfer as are provided for in this Agreement. A copy of the Assignment and Assumption Agreement to be entered into by the parties at the time of CLOSING with respect to the Boston Lease is attached hereto as Exhibit "F". The parties acknowledge the deposit paid to the landlord under the Boston Lease is approximately $20,700.00. At the CLOSING hereunder for the BUSINESS located in Massachusetts, BUYER shall execu...
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Related to Boston Lease

  • New Lease The Ground Lease requires the ground lessor to enter into a new lease with Lender upon termination of the Ground Lease for any reason, including rejection of the Ground Lease in a bankruptcy proceeding.

  • Operating Lease The parties hereto intend that this Lease shall be deemed for all purposes to be an operating lease and not a capital lease.

  • Lease Agreement On the terms stated in this Lease, Landlord leases the Premises to Tenant, and Tenant leases the Premises from Landlord, for the Term beginning on the Commencement Date and ending on the Termination Date unless extended or sooner terminated pursuant to this Lease.

  • Agreement to Lease Lessor hereby agrees to lease the Aircraft to Lessee, and Lessee hereby agrees to lease the Aircraft from Lessor, on the terms and subject to the conditions set forth in this Lease.

  • Master Lease A. All the obligations contained in the Master Lease conferred and imposed upon Sublessor (as Tenant therein) shall be borne by Sublessor and Sublessee in accordance with the Sublessor's Percentage and the Sublessee's Percentage, respectively, except as modified and amended by this Sublease, and all rights and privileges contained in the Master Lease conferred upon Sublessor (as Tenant therein), are hereby conferred and imposed upon Sublessee, to the extent of Sublessee's Percentage. Sublessor covenants and agrees it will make payment of the rentals reserved under the Master Lease as and when due, will perform Sublessor's insurance obligations under the Master Lease, and will otherwise fully and faithfully perform the terms and conditions of the Master Lease with respect to the Sublessor's Percentage. Sublessee covenants and agrees to otherwise fully and faithfully perform the terms and conditions of the Master Lease and the Sublease on its part to be performed. Neither the Sublessor nor Sublessee shall do or cause to be done any act which would or might cause the Master Lease, or the rights of Sublessor as tenant under the Master Lease to be endangered, cancelled, terminated, forfeited or surrendered, or which would or might cause Sublessor to be in default thereunder or liable for any damage, claim or penalty. Sublessee agrees, as an express inducement for Sublessor executing this Sublease, that if there is any conflict between the provisions of the Master Lease and this Sublease which would permit Sublessee to do or cause to be done any act which is prohibited by the Master Lease then the provisions of the Master Lease shall prevail.

  • Sublease Agreement Sublandlord and Subtenant hereby represent that a true and complete copy of the Sublease Agreement is attached hereto and made a part hereof as Exhibit A.

  • Ground Lease Reserved.

  • Triple Net Lease Landlord and Tenant acknowledge that, to the extent provided in this Lease, it is their intent and agreement that this Lease be a “TRIPLE NET” lease and that as such, the provisions contained in this Lease are intended to pass on to Tenant or reimburse Landlord for the costs and expenses reasonably associated with this Lease, the Building and the Project, and Tenant’s operation therefrom to the extent provided in this Lease. To the extent such costs and expenses payable by Tenant cannot be charged directly to, and paid by, Tenant, such costs and expenses shall be paid by Landlord but reimbursed by Tenant as Additional Rent.

  • Sublease Sublandlord hereby subleases to Subtenant and Subtenant hereby subleases from Sublandlord for the term, at the rental, and upon all of the conditions set forth herein, the Subleased Premises.

  • FIRST AMENDMENT TO LEASE This First Amendment to Lease (this “Amendment”), made as of March 16, 2006, by and between ARE-MA REGION NO. 28, LLC, a Delaware limited liability company (“Landlord”) and ALNYLAM PHARMACEUTICALS, INC., a Delaware corporation (“Tenant”).

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