Contingent Upon Acquisition of the Leased Property. In the -------------------------------------------------- event this Lease is executed prior to the conveyance by Tenant or an Affiliate of the Leased Property to Landlord, the parties acknowledge that the effectiveness of this Lease in respect of such Leased Property is contingent upon the closing of such conveyance (the "Commencement Date").
Appears in 4 contracts
Samples: Lease Agreement (Capital Automotive Reit), Lease Agreement (Capital Automotive Reit), Real Property Purchase Agreement (Capital Automotive Reit)
Contingent Upon Acquisition of the Leased Property. In the -------------------------------------------------- event this Lease is executed prior to the conveyance by Tenant or an Affiliate of the Leased Property to Landlord, the parties acknowledge that the effectiveness of this Lease in respect of such Leased Property is contingent upon the closing of such conveyance (the "Commencement Date").
Appears in 3 contracts
Samples: Agreement for Contribution of Interests (Capital Automotive Reit), Lease Agreement (Cross Continent Auto Retailers Inc M&l), Lease Agreement (Capital Automotive Reit)
Contingent Upon Acquisition of the Leased Property. In the event -------------------------------------------------- event this Lease is executed prior to the conveyance by Tenant or an Affiliate of the Leased Property to Landlord, the parties acknowledge that the effectiveness of this Lease in respect of such Leased Property is contingent upon the closing of such conveyance (the "Commencement Date").
Appears in 3 contracts
Samples: Lease Agreement (Capital Automotive Reit), Real Property Purchase Agreement (Capital Automotive Reit), Lease Agreement (Capital Automotive Reit)
Contingent Upon Acquisition of the Leased Property. In the -------------------------------------------------- event this Lease is executed prior to the conveyance by Tenant or an Affiliate of the Leased Property to Landlord, the parties acknowledge that the effectiveness of this Lease in respect of such Leased Property is contingent upon the closing of such conveyance (the "Commencement Date"). The Commencement Date shall be the date of conveyance of the Leased Property and the parties agree to execute an addendum to this Lease stating the Commencement Date.
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