FIXED RENT; RENT COMMENCEMENT DATE SUBJECT TO APPROVALS; ADDITIONAL SECURITY DEPOSIT Sample Clauses

FIXED RENT; RENT COMMENCEMENT DATE SUBJECT TO APPROVALS; ADDITIONAL SECURITY DEPOSIT. Edible Garden shall pay Whitetown Realty Fixed Rent in the amount of $6,000 per month due and owing on the lst of each month for non-cannabis usage, including industrial hemp, of the three (3) additional acres of Additional Lease space, said payments to commence after the required governmental approvals are received for the resumption/completion of the pack house project. An additional security deposit in the amount of $12,000 shall be required to be paid after satisfactory approvals are obtained. That security deposit shall be subject to the same terms and conditions as set forth in Sections 6.1 and 6.2 of the Existing Lease. The parties recognize that the Warren County Planning Board’s previous approval for the pack house project has expired, and the project has currently been deemed disapproved by the Warren County Planning Board effective June 24, 2019. Accordingly, the parties agree to cooperate with each other in the governmental approval process, and Xxxxxxx Xxxxx Xxxxx will share with Edible Garden’s counsel his knowledge and documentation concerning the approvals previously obtained for the pack house project and the approvals necessary to resume/complete that project. Following receipt of the approvals necessary to resume work, Edible Garden shall timely complete the pack house project, at its sole expense, in accordance with all site plan and Township/County requirements and approvals for the pack house project. In the event such government approvals for the resumption/completion of the pack house project are sought and denied, then the Lease Extension Agreement terms set forth in numerical paragraphs 2(a), (b), (c), (d), (e) and (g) herein shall be deemed null and void, but the terms of numerical paragraph 2(f) herein shall survive.
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Related to FIXED RENT; RENT COMMENCEMENT DATE SUBJECT TO APPROVALS; ADDITIONAL SECURITY DEPOSIT

  • Events of Default Any of the following shall constitute an Event of Default:

  • Force Majeure If by reason of Force Majeure, either party hereto shall be rendered unable wholly or in part to carry out its obligations under this Agreement then such party shall give notice and full particulars of Force Majeure in writing to the other party within a reasonable time after occurrence of the event or cause relied upon, and the obligation of the party giving such notice, so far as it is affected by such Force Majeure, shall be suspended during the continuance of the inability then claimed, except as hereinafter provided, but for no longer period, and such party shall endeavor to remove or overcome such inability with all reasonable dispatch. Choice of Law The Agreement between the Vendor and TIPS/ESC Region 8 and any addenda or other additions resulting from this procurement process, however described, shall be governed by, construed and enforced in accordance with the laws of the State of Texas, regardless of any conflict of laws principles. Venue, Jurisdiction and Service of Process Any Proceeding arising out of or relating to this procurement process or any contract issued by TIPS resulting from or any contemplated transaction shall be brought in a court of competent jurisdiction in Camp County, Texas and each of the parties irrevocably submits to the exclusive jurisdiction of said court in any such proceeding, waives any objection it may now or hereafter have to venue or to convenience of forum, agrees that all claims in respect of the Proceeding shall be heard and determined only in any such court, and agrees not to bring any proceeding arising out of or relating to this procurement process or any contract resulting from or any contemplated transaction in any other court. The parties agree that either or both of them may file a copy of this paragraph with any court as written evidence of the knowing, voluntary and freely bargained for agreement between the parties irrevocably to waive any objections to venue or to convenience of forum. Process in any Proceeding referred to in the first sentence of this Section may be served on any party anywhere in the world. Venue for any dispute resolution process, other than litigation, between TIPS and the Vendor shall be located in Camp or Xxxxx County, Texas.

  • Amendment This Warrant may be modified or amended or the provisions hereof waived with the written consent of the Company and the Holder.

  • Officers’ Certificate Any certificate signed by any duly authorized officer of the Company and delivered to you or to Representative Counsel shall be deemed a representation and warranty by the Company to the Underwriters as to the matters covered thereby.

  • Taxes The Company shall pay, and shall cause each of its Subsidiaries to pay, prior to delinquency, all material taxes, assessments, and governmental levies except such as are contested in good faith and by appropriate proceedings or where the failure to effect such payment is not adverse in any material respect to the Holders of the Notes.

  • Termination This Agreement may be terminated at any time prior to the Closing:

  • Closing The closing of the sale of the Mortgage Loans (the “Closing”) shall be held at the offices of special counsel to the Purchaser at 10:00 a.m., New York City time, on the Closing Date. The Closing shall be subject to each of the following conditions:

  • Amendments This Agreement may not be amended, modified or waived as to any particular provision, except by a written instrument executed by all parties hereto.

  • Financial Statements Deliver to the Administrative Agent and each Lender, in form and detail satisfactory to the Administrative Agent and the Required Lenders:

  • General Provisions In connection with any Registration Statement and any Prospectus required by this Agreement to permit the sale or resale of Transfer Restricted Securities (including, without limitation, any Registration Statement and the related Prospectus required to permit resales of Initial Securities by Broker-Dealers), each of the Company and the Guarantors shall:

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