Common use of Covenant to Operate Clause in Contracts

Covenant to Operate. The Tenant shall throughout the whole of the Term continuously operate, occupy and utilize the entire Premises and conduct its business therein complying strictly with the provisions of this Lease. The Tenant acknowledges that the Landlord is executing this Lease in reliance upon the Tenant’s covenant herein contained and that such covenant is a material element inducing the Landlord to execute this Lease.

Appears in 3 contracts

Samples: Lease Amendment and Consent Agreement (NACG Holdings Inc.), Lease Agreement (NACG Holdings Inc.), Lease (NACG Holdings Inc.)

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Covenant to Operate. The Tenant shall throughout the whole of the Term continuously operate, occupy and utilize the entire Premises and conduct its business therein complying strictly with the provisions of this LeaseArticle 10. The Tenant acknowledges that the Landlord is executing this Lease in reliance upon the Tenant’s 's covenant herein contained and that such covenant is a material element inducing the Landlord to execute this Lease.

Appears in 2 contracts

Samples: Lease Agreement, Sub Lease

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Covenant to Operate. The Tenant shall throughout the whole of the Term continuously operate, occupy and utilize the entire Premises and conduct its business therein complying strictly with the provisions of this Lease. The Tenant acknowledges that the Landlord is executing this Lease in reliance upon the Tenant’s 's covenant herein contained and that such covenant is a material element inducing the Landlord to execute this Lease.

Appears in 1 contract

Samples: Renewal Lease Agreement (Nacg Finance LLC)

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