Corporate Office Lease Sample Clauses

Corporate Office Lease. From and after Closing, (a) the Parent Parties shall not (and shall cause their Affiliates and the Group Companies not to), without the prior written consent of the Representative, (i) after September 30, 2010, use or occupy any portion of the premises demised under the Corporate Office Lease, (ii) enter into any agreement or understanding (including any modification to the Corporate Office Lease) with the landlord(s) under the Corporate Office Lease, (iii) enter into any agreement or understanding with any Person other than the Representative to permit any Person to use or occupy all or any portion of the premises demised under the Corporate Office Lease, (b) the Parent Parties shall (and shall cause their Affiliates and the Group Companies to) use their reasonable best efforts to permit the Representative and its designees to (i) after September 30, 2010, use and occupy, without payment of any additional consideration, any and all of the premises demised under the Corporate Office Lease and (ii) direct and control any and all negotiations with the landlord(s) under the Corporate Office Lease; provided that none of the Parent Parties, their Affiliates or the Group Companies shall be obligated to pay any sums to, or incur any liability or obligation to, any third party in connection with this Section 6.18(b) and (c) upon termination or expiration of the obligations of the Parent Parties and their Affiliates (including the Group Companies) to pay rent under the Corporate Office Lease (including by reason of an assignment of all obligations under the Corporate Office Lease to the Representative or one of its designees), Parent OP shall distribute, or cause to be distributed, within ten (10) Business Days after such termination or expiration, out of the proceeds of additional borrowings pursuant to the Financing which have the benefit of the Member Guarantees, to the Representative (for further distribution to the Contributors), an amount equal to the excess, if any, of (x) any amount included in the calculation of the Estimated Aggregate Consideration Value or Final Aggregate Consideration Value, as the case may be, in respect of the Corporate Office Lease (including pursuant to clause (i) of the definition of Severance, Employment and Shut-Down Costs) over (y) the excess of (A) the amount of rent actually paid by the Parent Parties and their Affiliates (including the Group Companies) after Closing to the landlord(s) under the Corporate Office Lease over (B)...
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Corporate Office Lease. (a) On the Closing Date, Seller and Purchaser will enter into the Corporate Office Lease for the Corporate Office Space. The term of the Corporate Office Lease shall commence on the Closing Date at which xxxx Xxxxxx shall have vacated, or caused to have been vacated, all currently occupied space in excess of the Corporate Office Space. Seller acknowledges that it has been responsible for the maintenance and repair of the Property and agrees to accept occupancy of the Corporate Office Space “AS IS” under the Corporate Office Lease, except for any improvements Seller may elect to make to the Corporate Office Space at Seller’s sole cost and expense. (b) Other than the Excluded Assets, all Personalty located within that portion of the Property/Corporate Office Building vacated by Seller will revert to and become the property of Purchaser; provided that Purchaser will not be required to assume any outstanding obligations or equipment leases with respect to the same; except that Purchaser will assume the management agreement for the physical fitness facility on the Property provided that Purchaser has approved the same during the Due Diligence Period. (c) The Corporate Office Lease shall be in the form attached hereto as Exhibit D. (d) In the event that Purchaser obtains financing for the Property, Seller, as tenant, agrees that it will execute and deliver to such lender a subordination, nondisturbance and attornment agreement and estoppel certificate for the Corporate Office Lease in such form as such lender shall require, provided that the same are commercially standard and reasonable.
Sample 1
Corporate Office Lease. Commencing on the date hereof, the parties agree to negotiate in good faith an amendment to the Corporate Office Lease containing terms mutually satisfactory to Purchaser and Seller; provided, however, it is anticipated that such amendment will (i) reduce the number of square feet rented and (ii) provide that the rent per square foot will not increase above the amount in effect on the date hereof; provided, further, however, at Purchaser’s sole election, the Corporate Office Lease shall be terminated at or prior to Closing without further obligation (including, without limitation, any penalty, fine, termination fee, etc.) of Purchaser or any Acquired Entity.
Sample 1
Corporate Office Lease. Seller and Purchaser have agreed to certain modifications to the Corporate Office Lease. Accordingly, "Revised Exhibit D (Form of Corporate Office Lease)" is hereby deleted from the Purchase Agreement and the attached "Second Revised Exhibit D (Form of Corporate Office Lease)" is inserted in lieu thereof.
Sample 1
Corporate Office Lease. The Buyer agrees to reimburse Sellers the actual lease payments due and payable on the office lease agreement at 34th and Broadway from the Transition Time through December 31, 1996.
Sample 1
Corporate Office Lease. Commencing on the date hereof, the parties agree to negotiate in good faith an amendment to the Corporate Office Lease containing terms mutually satisfactory to Purchaser and Seller; provided, however, it is anticipated that such amendment will (i) reduce the number of square feet rented, (ii) provide that the rent per square foot will not increase above the amount in effect on the date hereof and (iii) provide that the Corporate Office Lease shall be terminable at Purchaser’s sole election with 90 days’ notice; provided, further, however, at Purchaser’s sole election, the Corporate Office Lease shall be terminated at or prior to Closing without further obligation (including any penalty, fine, termination fee, etc.) of Purchaser or any Acquired Entity.
Sample 1

Related to Corporate Office Lease

  • OFFICE LEASE This Office Lease (the “Lease”), dated as of the date set forth in Section 1 of the Summary of Basic Lease Information (the “Summary”), below, is made by and between XXXXXX REALTY, L.P., a Delaware limited partnership (“Landlord”), and DERMAVANT SCIENCES INC., a Delaware corporation (“Tenant”).

  • Personnel, Office Space, and Facilities of Manager The Manager at its own expense shall furnish or provide and pay the cost of such office space, office equipment, office personnel, and office services as the Manager requires in the performance of its investment advisory and other obligations under this Agreement.

  • Registered Office and Resident Agent The Registered Office and Resident Agent of the Company shall be as designated in the initial Articles of Organization/Certificate of Organization or any amendment thereof. The Registered Office and/or Resident Agent may be changed from time to time. Any such change shall be made in accordance with the Statutes, or, if different from the Statutes, in accordance with the provisions of this Agreement. If the Resident Agent shall ever resign, the Company shall promptly appoint a successor agent.

  • Headquarters 11.1 This article applies to employees who do not attend at or work at or work from any permanent ministry facility in the course of their duties, but for whom a permanent ministry facility or other place is designated as an employee’s “headquarters” for the purposes of the provisions of this Central Collective Agreement and of various allowances which require a headquarters to be specified. 11.2 A ministry may designate a headquarters when an employee is initially appointed to a position, or when a position is filled by an employee in accordance with Article 6 (Posting and Filling of Vacancies or New Positions), Article 7 (Pay Administration), Article 20 (Employment Stability) of this Central Collective Agreement. All job postings, notices and offers in relation to positions covered by this article shall include the designated headquarters for the position. This designation shall be the location considered by the ministry to be the most convenient for the efficient conduct of the ministry’s business, having regard to the ministry’s projection of the location of the employee’s work assignments for a period of two (2) years. It is not a requirement that the designated headquarters be a facility whose functions are related to the work to be performed by the employee, and the employee’s residence may also be designated as his or her headquarters. The Employer will supply to the Union, by December 30 of each year, a current list of headquarters designations for employees covered by this article. 11.3 By mutual agreement in writing between the ministry and an employee, a new headquarters may be designated for an employee at any time, and by mutual agreement in writing between the ministry and the employee, a temporary or seasonal headquarters may be designated for a stated period, following which the previously designated headquarters will be reinstated unless it has been changed in accordance with this article. 11.4 A ministry may change the headquarters of an employee covered by this article, if: (a) the employee’s residence has been designated as his or her headquarters and he or she subsequently initiates a change of residence; or (b) a ministry facility which has been designated as the employee’s headquarters ceases to operate as a ministry facility; or (c) the employee is assigned to a work location or work locations at least forty (40) kilometres by road from his or her existing headquarters, and it is anticipated that the employee will continue to work in the area of the new work location or work locations for at least two (2) years. 11.5 Where a ministry exercises its right to change the headquarters of an employee otherwise than by mutual agreement with the employee, the following procedure will apply: (a) The ministry shall first give notice to the employee of its intent, and shall consult with the employee to determine the employee’s interests and the employee’s preferences as to the new headquarters location. (b) The ministry shall determine the new headquarters location in a way which is equitable to both the employee and the ministry. (c) The employee shall be given three (3) months’ notice of the change in designation of the headquarters. 11.6 Where it is necessary to identify which one or more of a group of employees is to be assigned to a new headquarters, the employees to be reassigned shall be identified by considering the qualifications, availability, and current location (home, closest facility and work location). Where qualifications, availability and location are relatively equal, length of continuous service shall be used to identify the employee to be reassigned. 11.7 Employees who relocate their residences because of a change in headquarters, other than a temporary or seasonal change, in accordance with this article, shall be deemed to have been relocated for the purposes of the Employer’s policy on relocation expenses.

  • Landlord’s Books and Records Within one hundred twenty (120) days after receipt by Tenant of a Statement, if Tenant disputes the amount of Additional Rent set forth in the Statement, a member of Tenant’s finance department, or an independent certified public accountant (which accountant is a member of a nationally recognized accounting firm and is not working on a contingency fee basis) (“Tenant’s Accountant”), designated and paid for by Tenant, may, after reasonable notice to Landlord and at reasonable times, inspect Landlord’s records with respect to the Statement at Landlord’s offices, provided that there is no existing Event of Default and Tenant has paid all amounts required to be paid under the applicable Estimate Statement and Statement, as the case may be. In connection with such inspection, Tenant and Tenant’s agents must agree in advance to follow Landlord’s reasonable rules and procedures regarding inspections of Landlord’s records, and shall execute a commercially reasonable confidentiality agreement regarding such inspection. Tenant’s failure to dispute the amount of Additional Rent set forth in any Statement within one hundred twenty (120) days of Tenant’s receipt of such Statement shall be deemed to be Tenant’s approval of such Statement and Tenant, thereafter, waives the right or ability to dispute the amounts set forth in such Statement. If after such inspection, Tenant still disputes such Additional Rent, a determination as to the proper amount shall be made, at Tenant’s expense, by an independent certified public accountant (the “Accountant”) selected by Landlord and subject to Tenant’s reasonable approval; provided that if such Accountant determines that Direct Expenses were overstated by more than five percent (5%), then the cost of the Accountant and the cost of such determination shall be paid for by Landlord, and Landlord shall reimburse Tenant for the cost of the Tenant’s Accountant (provided that such cost shall be a reasonable market cost for such services). Tenant hereby acknowledges that Tenant’s sole right to inspect Landlord’s books and records and to contest the amount of Direct Expenses payable by Tenant shall be as set forth in this Section 4.6, and Tenant hereby waives any and all other rights pursuant to applicable law to inspect such books and records and/or to contest the amount of Direct Expenses payable by Tenant.

  • Premises (a) Landlord hereby leases to Tenant and Tenant hereby leases from Landlord those premises (hereinafter referred to as the “Premises”), described in Section 1(d) hereof and designated on Exhibit “A” attached hereto in the building commonly known as the 0000 Xxxx Xxxxx Boulevard, Detroit, Michigan, consisting of approximately 65,250 rentable square feet of floor area (hereinafter referred to as the “Building”), together with the non-exclusive right and easement to use the common facilities which may from time to time be furnished by Landlord in common with Landlord and the tenants and occupants (their agents, employees, customers and invitees) of the Building. The Building and common areas are hereinafter referred to as the “Development,” more particularly described on Exhibit “B” hereto. (b) The rentable area of the Premises, as well as the Building shall be computed based upon the 2010 BOMA Standard Method of Measuring Floor Area in Office Buildings, ANSI/BOMA Z65.1-2010, and the rentable area of the Premises, as well as the Building. shall contain a proportionate share of the common areas of the Building, utilizing a common area load factor not to exceed twelve percent. (c) The rentable square foot area of the Premises shall be measured by Landlord’s Architect, and Landlord’s Architect shall certify the rentable square foot area to Landlord and Tenant; provided, however, that if Tenant disagrees with the measurement or calculation by Landlord’s architect, an independent architect jointly selected by Landlord and Tenant shall promptly measure such portion of the Premises and its determination shall be binding on the parties. In the event such certification or determination shall contain a rentable square foot area different than that previously utilized, Landlord and Tenant shall promptly execute and deliver an amendment to this Lease reflecting the rentable square foot area set forth in such certification and Section 1(h) shall be revised accordingly. (d) Tenant shall be allowed access to the Premises and reasonable portions of the common areas twenty-four hours a day, three hundred sixty-five days a year using card readers, or keys, provided that Tenant shall not materially interfere with Landlord’s construction activities. Access to the Premises shall be in the same general location and have the same general utility as the access afforded on the Commencement Date.

  • Office Location During the Term, the Executive's services hereunder shall be performed at the offices of the Company, which shall be within a twenty five (25) mile radius of New York, NY, subject to necessary travel requirements to the Company’s offices in Toronto, Canada and other MDC Group company locations in order to carry out his duties in connection with his position hereunder.

  • Principal Office; Registered Office The principal office of the Company shall be at such place as the Managing Member may from time to time designate. The address of the registered office of the Company in the State of Delaware shall be 0000 Xxxxxx Xxxxxx, Xxxx xx Xxxxxxxxxx, Xxxxxx of Xxx Xxxxxx, Xxxxxxxx 00000, and the registered agent for service of process on the Company in the State of Delaware at such registered office shall be Corporation Trust Company. The Managing Member may from time to time change the Company’s registered agent and registered office in the State of Delaware.

  • Office Space All faculty members teaching one-half time or more shall be provided with office space on the campus where the majority of their courses are taught. Further, the Employer will, upon the request of a faculty member, complete Income Tax Form No.T2200 (Declaration of Employment Conditions - Office or Employment Expense).

  • Triple Net Lease Landlord and Tenant acknowledge that, to the extent provided in this Lease, it is their intent and agreement that this Lease be a “TRIPLE NET” lease and that as such, the provisions contained in this Lease are intended to pass on to Tenant or reimburse Landlord for the costs and expenses reasonably associated with this Lease, the Building and the Project, and Tenant’s operation therefrom to the extent provided in this Lease. To the extent such costs and expenses payable by Tenant cannot be charged directly to, and paid by, Tenant, such costs and expenses shall be paid by Landlord but reimbursed by Tenant as Additional Rent.

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