Condition of Property; Maintenance. Lessee hereby accepts the Properties “AS IS” and “WHERE IS” with no representation or warranty of Lessor as to the condition thereof. Lessee shall, at its sole cost and expense, be responsible for (a) keeping all of the building, structures and improvements erected on each of the Properties in good order and repair, free from actual or constructive waste; (b) subject to provisions of Article XI, the repair or reconstruction of any building, structures or improvements erected on the Properties damaged or destroyed by a Casualty; (c) subject to Section 7.02, making all necessary structural, non-structural, exterior and interior repairs and replacements to any building, structures or improvements erected on the Properties; (d) (i) ensuring that no party encroaches upon any Property, (ii) protecting, defending, indemnifying, releasing and holding the Indemnified Parties harmless from and against any and all claims and Losses arising out of or in any way relating to any encroachments and/or activities upon any Property caused by any Person (other than any encroachments onto a Property shown on the survey and in the title report obtained by Purchaser in connection with its purchase of the Properties); and (iii) prosecuting any claims that Lessee seeks to bring against any Person relating to Lessee’s use and possession of any Property; and (e) paying all operating costs of the Properties in the ordinary course of business. Lessee waives any right to require Lessor to maintain, repair or rebuild all or any part of the Properties or make repairs at the expense of Lessor pursuant to any Legal Requirements at any time in effect.
Appears in 1 contract
Condition of Property; Maintenance. Lessee hereby accepts the Properties “Property "AS IS” " and “"WHERE IS” " with no representation or warranty of Lessor as to the condition thereof. Lessee shall, at its sole cost and expense, be responsible for (a) keeping all of the building, structures and improvements erected on each of the Properties Property in good order and repair, free from actual or constructive waste; (b) subject to provisions of Article XI, the repair or reconstruction of any building, structures or improvements erected on the Properties Property damaged or destroyed by a Casualty; (c) subject to Section 7.02, making all necessary structural, non-structural, exterior and interior repairs and replacements to any building, structures or improvements erected on the PropertiesProperty; (d)
) (i) ensuring that no party encroaches upon any the Property, (ii) protecting, defending, indemnifying, releasing and holding the Indemnified Parties harmless from and against any and all claims and Losses arising out of or in any way relating to any encroachments and/or activities upon any the Property caused by any Person (other than any encroachments onto a Property shown on the survey and in the title report obtained by Purchaser in connection with its purchase of the Properties)Person; and (iii) prosecuting any claims that Lessee seeks to bring against any Person relating to Lessee’s 's use and possession of any the Property; and (e) paying all operating costs of the Properties Property in the ordinary course of business. Lessee waives any right to require Lessor to maintain, repair or rebuild all or any part of the Properties Property or make repairs at the expense of Lessor pursuant to any Legal Requirements at any time in effect.
Appears in 1 contract
Samples: Lease Agreement (Salona Global Medical Device Corp)
Condition of Property; Maintenance. Lessee hereby accepts the Properties Property “AS IS” and “WHERE IS” with no representation or warranty of Lessor as to the condition thereof. Lessee shall, at its sole cost and expense, be responsible for (a) keeping all of the building, structures and improvements erected on each of the Properties Property in good order and repair, free from actual or constructive waste, as determined by Lessee in its commercially reasonable discretion; (b) subject to provisions of Article XI, the repair or reconstruction of any building, structures or improvements erected on the Properties Property damaged or destroyed by a Casualty; (c) subject to Section 7.02, making all necessary structural, non-structural, exterior and interior repairs and replacements to any building, structures or improvements erected on the PropertiesProperty, as determined by Lessee in its commercially reasonable discretion; (d)
) (i) ensuring that no party encroaches upon any Property, (ii) protecting, defending, indemnifying, releasing and holding the Indemnified Parties harmless from and against any and all claims and Losses arising out of or in any way relating to any encroachments and/or activities upon any the Property caused by any Person (other than any encroachments onto a Property shown on the survey provided that such Losses result from claims brought by third parties and in the title report obtained provided that such claims are not solicited or instigated by Purchaser in connection with its purchase of the Properties)Lessor; and (iiiii) prosecuting any claims that Lessee seeks to bring against any Person relating to Lessee’s use and possession of any the Property; and (e) paying all operating costs of the Properties Property in the ordinary course of business. Lessee waives any right to require Lessor to maintain, repair or rebuild all or any part of the Properties Property or make repairs at the expense of Lessor pursuant to any Legal Requirements at any time in effect.
Appears in 1 contract
Condition of Property; Maintenance. Lessee hereby accepts the Properties “AS IS” and “WHERE IS” with no representation or warranty of Lessor as to the condition thereof. Lessee shall, at its sole cost and expense, be responsible for (a) keeping all of the building, structures and improvements erected on each of the Properties in reasonably good order and repair, free from actual or constructive waste; (b) subject to provisions of Article XI, the repair or reconstruction of any building, structures or improvements erected on the Properties damaged or destroyed by a Casualty; (c) subject to Section 7.02, making all necessary structural, non-structural, exterior and interior repairs and replacements to any building, structures or improvements erected on the Properties; (d) operating the Properties in accordance with those standards adopted by Lessee from time to time on a system‑wide basis for the Permitted Facilities; (e)
(i) ensuring that no party encroaches upon any Property, (ii) except as otherwise set forth in this Lease, protecting, defending, indemnifying, releasing and holding the Indemnified Parties harmless from and against any and all claims and Losses arising out of or in any way relating to any encroachments and/or activities upon any Property caused by any Person (other than any encroachments onto a Property shown on the survey and in the title report obtained by Purchaser in connection with its purchase of the Properties)Person; and (iii) prosecuting any claims that Lessee seeks to bring against any Person relating to Lessee’s use and possession of any Property; and (ef) paying all operating costs of the Properties in the ordinary course of business. Lessee waives any right to require Lessor to maintain, repair or rebuild all or any part of the Properties or make repairs at the expense of Lessor pursuant to any Legal Requirements at any time in effect. 4851-8930-3408.5 STORE / Ampco Master Lease Agreement 4 Properties in PA and IN File No.: 7210/02-637
Appears in 1 contract
Condition of Property; Maintenance. Lessee hereby accepts the Properties “"AS IS” " and “"WHERE IS” " with no representation or warranty of Lessor as to the condition thereof. Lessee shall, at its sole cost and expense, be responsible for (a) keeping all of the building, structures and improvements erected on each of the Properties (including the Improvements) in good order and repair, free from actual or constructive waste; (b) subject to provisions of Article XI, the repair or reconstruction of any building, structures or improvements erected on the Properties (including the Improvements) damaged or destroyed by a Casualty; (c) subject to Section 7.02, making all necessary structural, non-structural, exterior and interior repairs and replacements to any building, structures or improvements erected on the Properties; (d) operating, remodeling, updating and modernizing the Properties and the Improvements in accordance with prudent business practices; (e)
(i) ensuring that no party encroaches upon any Property, (ii) protecting, defending, indemnifying, releasing and holding the Indemnified Parties harmless from and against any and all claims and Losses arising out of or in any way relating to any encroachments and/or activities upon any Property caused by any Person (other than any encroachments onto a Property shown on the survey and in the title report obtained by Purchaser in connection with its purchase of the Properties)Person; and (iii) prosecuting any claims that Lessee seeks to bring against any Person relating to Lessee’s 's use and possession of any Property; and (ef) paying all operating costs of the Properties in the ordinary course of business. Lessee waives any right to require Lessor to maintain, repair or rebuild all or any part of the Properties or make repairs at the expense of Lessor pursuant to any Legal Requirements at any time in effect. In no event may Lessee remove the Improvements from the Property during the Lease Term.
Appears in 1 contract