Conveyance by Lease Sample Clauses
The "Conveyance by Lease" clause defines the process by which an interest in property is transferred to a tenant through a lease agreement rather than by outright sale. This clause typically outlines the terms under which the landlord grants the tenant the right to occupy and use the property for a specified period, subject to agreed-upon conditions such as rent payments and permitted uses. By formalizing the transfer of possession without transferring ownership, this clause ensures both parties understand their rights and obligations, thereby providing legal clarity and protecting the interests of both landlord and tenant during the lease term.
Conveyance by Lease. Notwithstanding anything to the contrary in Section 11.2 of the Base Indenture, the Company shall not be discharged from its obligations and covenants (with respect to the Series A Notes) under the Indenture or the Series A Notes, and may not be dissolved or liquidated, in connection with any conveyance by the Company of all or substantially all of its assets to any other Person by way of a lease.