COVENANT OF TENANT Sample Clauses

COVENANT OF TENANT. If Landlord encounters difficulties in negotiating permanent or construction financing for the Building, and after using its best efforts is unable to resolve those difficulties without obtaining minor modifications to this Lease, Tenant will act in good faith to execute an amendment to this Lease, but this agreement on the part of Tenant will not require Tenant to make any changes that in Tenant's reasonable judgment alter the term hereof, or adversely affect any substantive right of Tenant, whether legal or economic.
AutoNDA by SimpleDocs
COVENANT OF TENANT. The Tenant covenants with the Owner to pay rent and shall perform and observe all land use and other applicable regulations pertaining to the Tenants use of the lands. In the event of default, the Owner shall have all of the rights afforded under the Lease regarding remedies for default. The Tenant further covenants to keep the Owner indemnified against all actions, expenses, claims and demands in respect of such covenants.
COVENANT OF TENANT. Article 26 of the Lease is hereby amended by adding the following provision to the end of the last sentence: “Notwithstanding anything to the contrary herein, in no event will Tenant be required to make any changes to the provisions in this Amendment regarding the Extension Allowance or any remedies Tenant may have in the event of a failure to comply with such obligations.”
COVENANT OF TENANT. Landlord and Tenant agree and acknowledge that Brookhurst Royale has been financed by the issuance of Westminster Redevelopment Agency Variable Rate Demand Multifamily Housing Revenue Bonds (Brookhurst Royale Senior Assisted Living Project) 2000 Series A and 2000 Series A-S, and that this Lease is subject to the certain restrictions more fully set forth in the following agreements: (i) Section 3, 4, 5, 6 and 7 of the Regulatory Agreement and Declaration of Restrictive Covenants dated as of December 1, 2000 by and among Westminster Redevelopment Agency, State Street Bank and Trust Companyof California, N.A. and Brookhurst Royale, LLC; (ii) Exhibit A to CDLAC Resolution No. 00­140 adopted on September 14, 2000; and (iii) Section 10.13 of the Reimbursement Agreement dated as of December 1, 2000 by and between Union Bank of California, N.A. and Brookhurst Royale, LLC. Tenant covenants that it shall comply with all of the duties and obligations of the Owner under the above-referenced agreements, including, but not limited to, delivering to Landlord monthly low income reports in the required form, and Tenant acknowledges and agrees that the Westminster Redevelopment Agency is a third party beneficiary of this covenant and the Westminster Redevelopment Agency is entitled to enforce this covenant against Tenant. Landlord and Tenant also acknowledge and agree that before this Lease can be operative the consent, in writing, by the following entities may be required: Union Bank of California, N.A., Westminster Redevelopment Agency and State Street Bank and Trust Company of California, N.A.. Landlord shall use commercially reasonable efforts to obtain any necessary consents.

Related to COVENANT OF TENANT

  • Subleases of Tenant Whether or not Landlord elects to terminate this Lease on account of any default by Tenant, as set forth in this Article 19, Landlord shall have the right to terminate any and all subleases, licenses, concessions or other consensual arrangements for possession entered into by Tenant and affecting the Premises or may, in Landlord’s sole discretion, succeed to Tenant’s interest in such subleases, licenses, concessions or arrangements. In the event of Landlord’s election to succeed to Tenant’s interest in any such subleases, licenses, concessions or arrangements, Tenant shall, as of the date of notice by Landlord of such election, have no further right to or interest in the rent or other consideration receivable thereunder.

  • COVENANT OF QUIET ENJOYMENT Landlord covenants that Tenant, on paying the Rent, charges for services and other payments herein reserved and on keeping, observing and performing all the other terms, covenants, conditions, provisions and agreements herein contained on the part of Tenant to be kept, observed and performed, shall, during the Lease Term, peaceably and quietly have, hold and enjoy the Premises subject to the terms, covenants, conditions, provisions and agreements hereof without interference by any persons lawfully claiming by or through Landlord. The foregoing covenant is in lieu of any other covenant express or implied.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!