CONDITION PRECEDENT TO LEASE. The Commission and VTRR agree that this Agreement is conditioned upon the existence of a valid Operation Agreement between them by which VTRR shall receive appropriate consideration for those excursion trains operated exclusively by VTRR for the Commission.
CONDITION PRECEDENT TO LEASE. This Lease and the obligations of each party hereunder are expressly subject to the following condition precedent (the “Condition Precedent”): the recovery of possession of the Premises from the existing tenant in a manner satisfactory to Landlord in its sole discretion. If such Condition Precedent is not satisfied or waived in writing by Landlord in its sole discretion, this Lease shall be null and void, and of no force or effect. Landlord shall give Tenant notice of satisfaction of the Condition Precedent by any one of the following means: (i) by tendering possession of the Premises to Tenant; or (ii) by written notice given in any manner permitted under this Lease. If the Condition Precedent is not satisfied on or before the June 1, 2020, then Landlord and Tenant shall each have a right to terminate this Lease and, in the event of such termination, Landlord shall immediately return to Tenant, the Rent Adjustment Deposit, the Security and any prepaid Rent paid by Tenant to Landlord.
CONDITION PRECEDENT TO LEASE. This Lease is subject to the condition precedent set forth in Rider 2.
CONDITION PRECEDENT TO LEASE. This Lease and the obligations of each party hereunder are expressly subject to the condition precedent of Landlord successfully entering into and obtaining a legally binding written agreement with 3DO Company, a California corporation, and 3DO Company, a Delaware corporation, which jointly and severally are the existing tenants of the Premises (collectively, "3DO") modifying 3DO's pre- existing lease of the Premises to provide for 3DO's surrender of possession of the Premises and termination of 3DO's rights to the Premises satisfactory in all respects in form and substance to Landlord, in Landlord's sole discretion (the "3DO Termination Agreement"). If such condition precedent is not satisfied and is not waived in writing by Landlord in its sole discretion, this Lease shall be null and void, and of no force or effect, and Landlord shall refund the Security Deposit and advance payment of the intial installment of Monthly Base Rent and Rent Adjustment Deposit. Landlord shall notify Tenant of the satisfaction of this condition precedent either by (a) written notice to Tenant or (b) by tendering to Tenant possession of the Premises as described in section 3.1 below.
CONDITION PRECEDENT TO LEASE. This Lease and the obligations of each party hereunder are expressly subject to the condition precedent of Landlord successfully entering into and obtaining a legally binding written agreement with The 3DO Company ("3DO") modifying 3DO's pre-existing lease of the Premises to provide for 3DO's surrender of possession of the Premises and termination of 3DO's rights to the Premises satisfactory in all respects in form and substance to Landlord, in Landlord's sole discretion (the "3DO Surrender Agreement"). If such condition precedent is not satisfied or waived in writing by Landlord in its sole discretion, this Lease shall be null and void, and of no force or effect. Landlord shall give Tenant written notice (by telecopy or by any other means permitted by the Lease) of the satisfaction of this condition precedent or shall notify Tenant of the satisfaction of this condition precedent by delivering to Tenant the keys and possession of the Premises.
CONDITION PRECEDENT TO LEASE. Landlord and Tenant hereby acknowledge that Cisco Systems ("Cisco") is currently occupying the Premises as the tenant under that certain lease between Landlord and Cisco dated February 12, 1990 (the "Cisco Lease"). Under the Cisco Lease, Cisco has the option ("Option") to extend the term of the Cisco Lease until December 31, 2003, which Option must be exercised by Cisco on or before June 30,
CONDITION PRECEDENT TO LEASE. It shall be a condition precedent to the effectiveness of this Lease that Landlord shall acquire fee title to the land on which the Premises are located. Landlord shall use good faith effort and diligence to acquire fee title to the land on which the Premises are located. If the purchase does not occur for any reason whatsoever by June 30, 2000, this Lease shall thereafter be terminable by Tenant upon Tenant giving written notice of termination to the Landlord at any time before such escrow closes, in which event neither party shall have any further obligation or liability hereunder. If the purchase does not occur for any reason whatsoever by August 31, 2000, this Lease shall thereafter be terminable by Landlord upon Landlord giving written notice of termination to the Tenant, in which event neither party shall have any further obligation or liability hereunder. Upon Landlord's acquisition of fee title to the land on which the premises are located, Landlord shall promptly give notice of same to Tenant.
CONDITION PRECEDENT TO LEASE. Notwithstanding any of the foregoing provisions of this Lease, it is acknowledged and agreed that the obligations of Landlord and Tenant hereunder are expressly conditioned upon the issuance by the City of Wilmington of a BP permitting the construction of the Premises as contemplated hereunder, together with any additional permits, site plans and other governmental approvals that may be required from time to time by the City of Wilmington. In the event all such permits are not reasonably assured on or before ninety (90) days from the date of execution of this Lease (or such earlier date after execution of this Lease if it is reasonably certain that in no event can the required governmental approval be obtained), either party may so elect to terminate this Lease by giving written notice to the other party, upon the occurrence of which this Lease shall be deemed to be of no further force and effect, and the parties shall have no further obligations hereunder.
CONDITION PRECEDENT TO LEASE. This Lease and the obligations of each party hereunder are expressly subject to the condition precedent of Landlord successfully entering into and obtaining a legally binding written agreement and/or new lease for relocation space with the existing occupant ("Occupant") of part of the space which will be the Premises hereunder providing for Occupant's surrender of possession of such space and/or relocation satisfactory in all respects in form and substance to Landlord, in Landlord's sole discretion (the "Surrender Agreement"). If such condition precedent is not satisfied or waived in writing by Landlord in its sole discretion, this Lease shall be null and void, and of no force or effect. Landlord shall give Tenant notice of the satisfaction of this condition precedent, which notice may be given in writing to Tenant or Tenant's Broker.
CONDITION PRECEDENT TO LEASE. This lease shall be of no force and effect, and shall confer no rights to Tenant, unless each of the following conditions precedent are fully satisfied:
