Existing Subleases and Sharing Agreement Sample Clauses

Existing Subleases and Sharing Agreement. The 1996 TIHDI Agreement grants to TIHDI certain rights to lease and operate 375 units of existing housing on the Base. To implement the policies of this provision during the interim period prior to conveyance of the Property to the Authority and redevelopment of the Base, the Authority subleases to TIHDI Member Organizations 250 existing residential units on Treasure Island consisting of (i) 74 transitional/residential treatment units and (ii) 176 permanent units (collectively, the "Existing TIHDI Units"). The Existing TIHDI Units include 54 housing units that JSCo renovated under the terms of the TIHDI Sharing Agreement. TIHDI also receives a percentage of the rent distributed to the Authority under the JSCO Sublease in accordance with the TIHDI Sharing Agreement. The Amended and Restated TIHDI Agreement will address the phase out of the TIHDI Sharing Agreement as the redevelopment project is implemented.
Sample 1
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Existing Subleases and Sharing Agreement. Under the 1996 TIHDI Agreement, TIDA was to grant to TIHDI certain rights to lease and operate 375 units of existing housing on NSTI. The Parties reiterate this commitment in this Agreement. To implement the policies of this provision during the interim period before conveyance of the Project Site to the Authority and redevelopment of NSTI, the Authority will sublease to TIHDI Member Organizations 250 existing residential units on Treasure Island consisting of (i) 74 transitional/residential treatment units and (ii) 176 permanent units (collectively, the "Existing TIHDI Units"). The Existing TIHDI Units are identified in Exhibit D, and shall continue to be subleased to TIHDI Member Organizations in accordance with the existing subleases until the transition of the tenants in accordance with this Agreement. The Existing TIHDI Units include 54 housing units that JSCo renovated under the terms of the TIHDI Sharing Agreement. Under the TIHDI Sharing Agreement, the Authority pays to TIHDI eight and 49/100 percent (8.49%) of the Percentage Rent (as defined in section 15.3 of the JSCo Sublease) paid by JSCo to the Authority under the JSCo Sublease (the "TIHDI Rent Share"). The Parties reiterate this commitment as of the Effective Date and the Authority agrees to continue to pay the TIHDI Rent Share until the earlier of (i) the date when all of the New TIHDI Units have been developed in accordance with this Agreement, or (ii) the date that none of the existing market rate units are used for rental housing. TIHDI shall meet and confer and cooperate with the Authority on the use and expenditure of all funds received by TIHDI after the date of this agreement. Without limiting the foregoing, all TIHDI Rent Share received by TIHDI from and after the execution of this Agreement shall, in excess of actual and reasonable nonprofit organizational operating expenses, be used to pay for transition costs or New TIHDI Units in accordance with this Agreement or, with the Authority’s prior agreement, to subsidize homeless activities or services on Treasure Island.
Sample 1

Related to Existing Subleases and Sharing Agreement

  • Existing Agreements The Executive represents to the Company that he is not subject or a party to any employment or consulting agreement, non-competition covenant or other agreement, covenant or understanding which might prohibit him from executing this Agreement or limit his ability to fulfill his responsibilities hereunder.

  • Continuing Agreement This Credit Agreement shall be a continuing agreement and shall remain in full force and effect until all Credit Party Obligations (other than those obligations that expressly survive the termination of this Credit Agreement) have been paid in full and all Commitments and Letters of Credit have been terminated. Upon termination, the Credit Parties shall have no further obligations (other than those obligations that expressly survive the termination of this Credit Agreement) under the Credit Documents and the Administrative Agent shall, at the request and expense of the Borrower, deliver all the Collateral in its possession to the Borrower and release all Liens on the Collateral; provided that should any payment, in whole or in part, of the Credit Party Obligations be rescinded or otherwise required to be restored or returned by the Administrative Agent or any Lender, whether as a result of any proceedings in bankruptcy or reorganization or otherwise, then the Credit Documents shall automatically be reinstated and all Liens of the Administrative Agent shall reattach to the Collateral and all amounts required to be restored or returned and all costs and expenses incurred by the Administrative Agent or any Lender in connection therewith shall be deemed included as part of the Credit Party Obligations.

  • Tax Sharing Agreements All tax sharing agreements or similar agreements with respect to or involving the Company shall be terminated as of the Closing Date and, after the Closing Date, the Company shall not be bound thereby or have any liability thereunder.

  • Lock-Up Agreements At the date of this Agreement, the Representatives shall have received an agreement substantially in the form of Exhibit C hereto signed by the persons listed on Schedule D hereto.

  • Binding Agreement; Assignment This Agreement shall inure to the benefit of, be binding upon, and be enforceable by the Company and its successors and assigns. The Participant shall not assign (except in accordance with Section 6 hereof) any part of this Agreement without the prior express written consent of the Company.

  • Sub-Agreements Party shall not assign, subcontract or subgrant the performance of this Agreement or any portion thereof to any other Party without the prior written approval of the State. Party shall be responsible and liable to the State for all acts or omissions of subcontractors and any other person performing work under this Agreement pursuant to an agreement with Party or any subcontractor. In the case this Agreement is a contract with a total cost in excess of $250,000, the Party shall provide to the State a list of all proposed subcontractors and subcontractors’ subcontractors, together with the identity of those subcontractors’ workers compensation insurance providers, and additional required or requested information, as applicable, in accordance with Section 32 of The Vermont Recovery and Reinvestment Act of 2009 (Act No. 54). Party shall include the following provisions of this Attachment C in all subcontracts for work performed solely for the State of Vermont and subcontracts for work performed in the State of Vermont: Section 10 (“False Claims Act”); Section 11 (“Whistleblower Protections”); Section 12 (“Location of State Data”); Section 14 (“Fair Employment Practices and Americans with Disabilities Act”); Section 16 (“Taxes Due the State”); Section 18 (“Child Support”); Section 20 (“No Gifts or Gratuities”); Section 22 (“Certification Regarding Debarment”); Section 30 (“State Facilities”); and Section 32.A (“Certification Regarding Use of State Funds”).

  • Complete Agreement; Amendments This Amendment and the Loan Documents represent the entire agreement about this subject matter and supersede prior negotiations or agreements with respect to such subject matter. All prior agreements, understandings, representations, warranties, and negotiations between the parties about the subject matter of this Amendment and the Loan Documents merge into this Amendment and the Loan Documents.

  • Arrangement Agreement This Plan of Arrangement is made pursuant to, and is subject to the provisions of, the Arrangement Agreement, except in respect of the sequence of the steps comprising the Arrangement, which shall occur in the order set forth herein.

  • Complete Agreement; Amendment This Agreement constitutes the entire understanding between the parties with respect to the subject matter hereof and supersedes all prior or contemporaneous agreements in regard thereto. This Agreement cannot be modified except by an agreement in writing signed by both parties and specifically referring to this Agreement.

  • Employment Agreements Each of the persons listed on Schedule 9.12 shall have been afforded the opportunity to enter into an employment agreement substantially in the form of Annex VIII hereto.

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