Common use of Certain Duties and Responsibilities of Lessor Clause in Contracts

Certain Duties and Responsibilities of Lessor. Lessor undertakes to perform such duties and only such duties as are specifically set forth herein and in the other Operative Documents (other than the Related Agreements, the CSC Sublease and any Fifth Floor Sublease with respect to any time prior to the termination of the Lease and the transfer of possession of the Leased Property to Lessor pursuant to Article XVI (as a result of a Limited Recourse Event of Default only) or Article XX of the Lease, or a third party), and no implied covenants or obligations shall be read into this Lease against Lessor, and Lessor agrees that it shall not, nor shall it have a duty to, manage, control, use, sell, maintain, insure, register, lease, operate, modify, dispose of or otherwise deal with the Subject Property, the CSC Sublease and any Fifth Floor Sublease in any manner whatsoever, except as required by the terms of the Operative Documents and as otherwise provided herein. Lessee hereby agrees that none of Lessor, the Collateral Agent or any Lender shall be obligated to perform any covenant or agreement set forth herein or in the other Operative Documents or permit the exercise by Lessee of any right set forth herein or in the other Operative Documents if such agreement or covenant or the exercise of such right is prohibited by or conflicts with the terms of any Related Agreement, the CSC Sublease or any Fifth Floor Sublease.

Appears in 1 contract

Samples: Trust and Security Agreement (Silicon Laboratories Inc)

AutoNDA by SimpleDocs

Certain Duties and Responsibilities of Lessor. Lessor undertakes to perform such duties and only such duties as are specifically set forth herein and in the other Operative Documents (other than the Related Agreements, the CSC Sublease and any Fifth Floor Sublease Agreements with respect to any time prior to the termination of the Lease and the transfer of possession of the Leased Property to Lessor pursuant to Article XVI (as a result of a Limited Recourse Event of Default only) or Article XX of the Lease, or a third party), and no implied covenants or obligations shall be read into this Lease against Lessor, and Lessor agrees that it shall not, nor shall it have a duty to, manage, control, use, sell, maintain, insure, register, lease, operate, modify, dispose of or otherwise deal with the Subject Property, the CSC Sublease and any Fifth Floor Sublease Property in any manner whatsoever, except as required by the terms of the Operative Documents and as otherwise provided herein. Lessee hereby agrees that none of Lessor, the Collateral Agent or any Lender shall be obligated to perform any covenant or agreement set forth herein or in the other Operative Documents or permit the exercise by Lessee of any right set forth herein or in the other Operative Documents if such agreement or covenant or the exercise of such right is prohibited by or conflicts with the terms of any Related Agreement, the CSC Sublease or any Fifth Floor Sublease.

Appears in 1 contract

Samples: Trust and Security Agreement (Silicon Laboratories Inc)

Certain Duties and Responsibilities of Lessor. Lessor undertakes to perform such duties and only such duties as are specifically set forth herein and in the other Operative Documents (other than the Related Agreements, the CSC Sublease and any Fifth Floor Sublease with respect to any time prior to the termination of the Lease and the transfer of possession of the Leased Property to Lessor pursuant to Article XVI (as a result of a Limited Recourse Event of Default only) or Article XX of the Lease, or a third party)Documents, and no implied covenants or obligations shall be read into this Lease against Lessor, and Lessor agrees that it shall not, nor shall it have a duty to, manage, control, use, sell, maintain, insure, register, lease, operate, modify, dispose of of, alter, improve, investigate, remediate or otherwise deal with the Subject Property, Leased Property or any other part of the CSC Sublease and any Fifth Floor Sublease Collateral or its interest in the Operative Documents in any manner whatsoever, except as required by the terms of the Operative Documents and as otherwise provided herein. Lessee hereby agrees that none of Lessor, neither Lessor nor the Collateral Administrative Agent or nor any Lender Rent Assignee shall be obligated to perform any covenant or agreement set forth herein or in the other Operative Documents or permit the exercise by Lessee of any right set forth herein or in the other Operative Documents if such agreement or covenant or the exercise of such right is prohibited by or conflicts with the terms of any Related Agreementthe Ground Lease, the CSC Ground Sublease or any Fifth Floor SubleaseAuthority Lease.

Appears in 1 contract

Samples: Debt and Security Agreement (Norfolk Southern Corp)

AutoNDA by SimpleDocs

Certain Duties and Responsibilities of Lessor. Lessor undertakes to perform such duties and only such duties as are specifically set forth herein and in the other Operative Documents (other than the Related Agreements, the CSC Sublease and any Fifth Floor Sublease with respect to any time prior to the termination of the Lease and the transfer of possession of the Leased Property to Lessor pursuant to Article XVI (as a result of a Limited Recourse Event of Default only) or Article XX of the Lease, or a third party)Documents, and no implied covenants or obligations shall be read into this Lease against Lessor, and Lessor agrees that it shall not, nor shall it have a duty to, manage, control, use, sell, maintain, insure, register, lease, operate, modify, dispose of of, alter, improve, investigate, remediate or otherwise deal with the Subject Property, Leased Property or any other part of the CSC Sublease and any Fifth Floor Sublease Collateral or its interest in the Operative Documents in any manner whatsoever, except as required by the terms of the Operative Documents and as otherwise provided herein. Lessee hereby agrees that none of Lessor, neither Lessor nor the Collateral Administrative Agent or nor any Lender Rent Assignee shall be obligated to perform any covenant or agreement set forth herein or in the other Operative Documents or permit the exercise by Lessee of any right set forth herein or in the other Operative Documents if such agreement or covenant or the exercise of such right is prohibited by or conflicts with the terms of any Related Agreementthe Ground Lease, the CSC Ground Sublease or any Fifth Floor Sublease.Authority Lease. ARTICLE VIII

Appears in 1 contract

Samples: Debt and Security Agreement

Time is Money Join Law Insider Premium to draft better contracts faster.