Ground Lessee Sample Clauses

Ground Lessee. The Ground Lessee agrees that it will not, directly or indirectly, create, incur, assume or suffer to exist any Owner Lessor's Liens on or with respect to Ground Interest or the Sites, and the Ground Lessee shall promptly notify the Ground Lessor of the imposition of any such Lien of which the Ground Lessee is aware and shall promptly, at its own expense (subject to Section 2.5 of the Lease Indenture), take such action as may be necessary to fully discharge or release any such Lien.
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Ground Lessee. Refers to Western Washington University and its predecessors, successors, and assigns.
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Ground Lessee. To the full extent permitted by law, Ground Lessor and College shall not be liable for any injury to any Person or for the loss of or any damage to any property occurring in or about the Leased Premises or the Improvements from any cause whatsoever (except to the extent of claims arising from the negligence or intentional misconduct of Ground Lessor or College or their agents or contractors or any of their officers, directors, partners, members, invitees, volunteers, or employees (collectively, “Ground Lessor Parties”)). Ground Lessee hereby agrees to indemnify and hold harmless Ground Lessor Indemnified Parties from and against all claims, charges, liabilities, obligations, penalties, causes of actions, liens, damages, costs and expenses, including reasonable attorneys’ fees, arising from or related to any matter arising from Ground Lessee’s or any Ground Lessee’s agents or contractors or any of their officers, directors, partners, members, invitees, volunteers, or employees (collectively, “Ground Lessee Parties”) use of the Premises, the‌ Improvements, the construction of the Improvements, or conduct of any business or activity upon the Premises, or any work or other thing done, permitted or suffered by any of such Person(s) in or about the Premises; Ground Lessee’s failure to perform any of its obligations under this Lease; and Ground Lessee’s failure to comply with any applicable law relating to the Premises or its activities thereon; and from any breach or non-compliance of Ground Lessee under any Development Related Agreement executed by Ground Lessor or College or any other agreement or instrument otherwise executed by Ground Lessor, in its capacity as fee owner of the Property, or College at the request of Ground Lessee. Ground Lessee’s liability and obligations under this Section 29.2shall survive any termination or expiration of this Lease with respect to any indemnified claim arising from events prior to such expiration or termination. The foregoing provisions shall not be construed to make Ground Lessee responsible for loss, damage, liability or expense to the extent caused by the negligence or willful misconduct of Ground Lessor Parties. Section 17.3 above provides the exclusive indemnity with respect to Hazardous Substances and this Section 29 shall not apply to such claims.
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Ground Lessee. (i) Alexander’s, Inc. owns (both legally and beneficially) one hundred percent (100%) of, and has good and valid title to, the issued and outstanding membership interests of Alexander’s of Kings, LLC (the “Ground Lessee Membership Interests”). Subject only to the repayment of the Existing Financing, Alexander’s, Inc. has full power and authority to transfer and otherwise dispose of the Ground Lessee Membership Interests free and clear of all liens, security interests, escrows, claims, encumbrances, pledges, options, warrants, rights of first refusal, calls, commitments, charges and judgments whatsoever. Alexander’s, Inc. has not pledged, hypothecated or otherwise encumbered the Ground Lessee Membership Interests. There are no outstanding agreements or commitments, oral or written, options, warrants, calls or other rights of any kind to purchase or acquire the Ground Lessee Membership Interests. Alexander’s, Inc. and the Ground Lessee Membership Interests are not subject to any agreements, option rights, right of first refusals, right of first offers, or any other similar right or agreement with respect to the Ground Lessee Membership Interests. (ii) There are no actions, proceedings, litigation, suits, investigations or condemnation actions either pending or threatened against Alexander’s, Inc., affecting title to the Ground Lessee Membership Interests. There are no actions, proceedings, litigation, suits, investigations or actions either pending or threatened against Alexander’s, Inc. which would restrict Alexander’s, Inc. from performing its obligations under Section 10.10. (iii) Other than its interest in the Ground Lease, the improvements constructed thereon and any property incidental thereto, Alexander’s of Kings, LLC does not own (and has not owned) any equity interest in any entity or property (real or otherwise). (iv) Alexander’s of Kings, LLC does not (i) conduct any business, (ii) have any liabilities and is not a party to any contract or (iii) own any assets other than its interests in the Ground Lease, the improvements constructed thereon and property incidental thereto. (v) Alexander’s of Kings, LLC has not made a general assignment for the benefit of creditors, filed any voluntary petition in bankruptcy or suffered the filing of an involuntary petition by any of its creditors, suffered the appointment of a receiver to take possession of any of its assets, suffered the attachment or other judicial seizure of any of its assets, admitted in wri...
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Ground Lessee. Alexander’s, Inc. owns (both legally and beneficially) one hundred percent (100%) of, and has good and valid title to, the issued and outstanding membership interests of Alexander’s of Kings, LLC (the “Ground Lessee Membership Interests”). Subject only to the repayment of the Existing Financing, Alexander’s, Inc. has full power and authority to transfer and otherwise dispose of the Ground Lessee Membership Interests free and clear of all liens, security interests, escrows, claims, encumbrances, pledges, options, warrants, rights of first refusal, calls, commitments, charges and judgments whatsoever. Alexander’s, Inc. has not pledged, hypothecated or otherwise encumbered the Ground Lessee Membership Interests. There are no outstanding agreements or commitments, oral or written, options, warrants, calls or other rights of any kind to purchase or acquire the Ground Lessee Membership Interests. Alexander’s, Inc. and the Ground Lessee Membership Interests are not subject to any agreements, option rights, right of first refusals, right of first offers, or any other similar right or agreement with respect to the Ground Lessee Membership Interests.
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Related to Ground Lessee

  • Ground Lease (a) Each Ground Lease contains the entire agreement of the Borrower or the applicable Subsidiary Guarantor and the applicable owner of the fee interest in such Unencumbered Property (the “Fee Owner”), pertaining to the Unencumbered Property covered thereby. With respect to Unencumbered Property subject to a Ground Lease, the Borrower and the applicable Subsidiary Guarantors have no estate, right, title or interest in or to the Unencumbered Property except under and pursuant to the Ground Lease or except as may be otherwise approved in writing by Agent. The Borrower has delivered a true and correct copy of the Ground Lease to the Agent and the Ground Lease has not been modified, amended or assigned, with the exception of written instruments that have been recorded in the applicable real estate records for such Unencumbered Property. (b) The applicable Fee Owner is the exclusive fee simple owner of the Unencumbered Property, subject only to the Ground Lease and all Liens and other matters disclosed in the applicable title policy for such Unencumbered Property subject to the Ground Lease, and the applicable Fee Owner is the sole owner of the lessor’s interest in the Ground Lease. (c) There are no rights to terminate the Ground Lease other than the applicable Fee Owner’s right to terminate by reason of default, casualty, condemnation or other reasons, in each case as expressly set forth in the Ground Lease. (d) Each Ground Lease is in full force and effect and, to Borrower’s knowledge, no breach or default or event that with the giving of notice or passage of time would constitute a breach or default under any Ground Lease (a “Ground Lease Default”) exists or has occurred on the part of a Borrower or a Subsidiary Guarantor or on the part of a Fee Owner under any Ground Lease. All base rent and additional rent, if any, due and payable under each Ground Lease has been paid through the date hereof and neither Borrower nor any Subsidiary Guarantor is required to pay any deferred or accrued rent after the date hereof under any Ground Lease. Neither Borrower nor a Subsidiary Guarantor has received any written notice that a Ground Lease Default has occurred or exists, or that any Fee Owner or any third party alleges the same to have occurred or exist. (e) The Borrower or applicable Subsidiary Guarantor is the exclusive owner of the ground lessee’s interest under and pursuant to each Ground Lease and has not assigned, transferred or encumbered its interest in, to, or under the Ground Lease, except to Agent under the Loan Documents.

  • Lessee The related Lessee is a Person other than MBFS USA, any Affiliate thereof or a Governmental Authority and, at the time of origination of the 201[__]-[__] Lease, based on information provided by the Lessee, the Lessee is located in and has a billing address within a State.

  • Lessor It is important that the full name of the Entity leasing the commercial space is reported as the Lessor.

  • Operating Lease (i) Each Borrower shall (a) promptly perform and observe all of the covenants required to be performed and observed by it under the Operating Leases and do all things necessary to preserve and to keep unimpaired its material rights thereunder; (b) promptly notify Lender of any material default under any Operating Lease of which it is aware; (c) promptly deliver to Lender a copy of any notice of default or other material notice under any Operating Lease delivered to any Operating Lessee by Borrower; (d) promptly give notice to Lender of any notice or information that Borrower receives which indicates that an Operating Lessee is terminating its Operating Lease or that any Operating Lessee is otherwise discontinuing its operation of the applicable Individual Property; and (e) promptly enforce the performance and observance of all of the material covenants required to be performed and observed by the Operating Lessee under the applicable Operating Lease. (ii) If at any time, (A) an Operating Lessee shall become insolvent or a debtor in a bankruptcy proceeding or (B) Lender or its designee has taken title to an Individual Property by foreclosure or deed in lieu of foreclosure, has become a mortgagee-in-possession, has appointed a receiver with respect to the applicable Individual Property or has otherwise taken title to such Individual Property, Lender shall have the absolute right to (and Borrower and Operating Lessee shall reasonably cooperate and not in any way hinder, delay or otherwise interfere with Lender’s right to), immediately terminate the applicable Operating Lease under and in accordance with the terms of the applicable Subordination, Attornment and Security Agreement. (iii) Borrower shall not, without the prior written consent of Lender, which consent shall not be unreasonably withheld: (a) surrender, terminate or cancel any Operating Lease or otherwise replace any Operating Lessee or enter into any other operating lease with respect to any Individual Property, provided, however, at the end of the term of each Operating Lease, the applicable Borrower may renew such Operating Lease or enter into a replacement Operating Lease with Operating Lessee on substantially the same terms as the expiring Operating Lease except that Lender shall have the right to approve any material change thereto; (b) reduce or consent to the reduction of the term of any Operating Lease; or (c) enter into, renew, amend, modify, waive any provisions of, reduce Rents under, or shorten the term of any Operating Lease.

  • Ground Leases For purposes of this Exhibit C, a “Ground Lease” shall mean a lease creating a leasehold estate in real property where the fee owner as the ground lessor conveys for a term or terms of years its entire interest in the land and buildings and other improvements, if any, comprising the premises demised under such lease to the ground lessee (who may, in certain circumstances, own the building and improvements on the land), subject to the reversionary interest of the ground lessor as fee owner. With respect to any Mortgage Loan where the Mortgage Loan is secured by a Ground Leasehold estate in whole or in part, and the related Mortgage does not also encumber the related lessor’s fee interest in such Mortgaged Property, based upon the terms of the Ground Lease and any estoppel or other agreement received from the ground lessor in favor of Mortgage Loan Seller, its successors and assigns (collectively, the “Ground Lease and Related Documents”), Mortgage Loan Seller represents and warrants that: