Host Company Lease Agreements Payments Sample Clauses

Host Company Lease Agreements Payments. The Borrower shall direct or otherwise cause each Host Company to make all payments under its respective Host Company Lease Agreement (including, without limitation, all Monthly Rental Amounts in respect thereof) to the Administrative Agent. For the avoidance of doubt, the Borrower shall, on or before the fifteenth (15th) day of each month, cause each such Host Company to make each payment in respect of the Monthly Rental Amount that accrued in respect of the immediately preceding month to the Administrative Agent. All such payments in respect of Monthly Rental Amounts delivered to the Administrative Agent shall be in good, collected funds in legal tender of the United States of America and shall be applied as set forth in Section 2.5(d) hereof, provided that, if a Default or an Event of Default shall then exist, the entire amount of such payments shall be applied pursuant to Section 2.5(d) or Section 8.2(c) of this Agreement, whichever shall be applicable. If any payment under a Host Company Lease Agreement (other than a Monthly Rental Amount) is delivered to the Administrative Agent, then Section 2.5(e) hereof shall be applicable thereto.
Sample 1
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Host Company Lease Agreements Payments. (i) GSRP shall direct or otherwise cause the Steamboat Host Company to make all payments under the Steamboat Host Company Lease Agreement (including, without limitation, all Monthly Rental Amounts in respect thereof) to the Administrative Agent. For the avoidance of doubt, GSRP shall, on or before the tenth (10th) day of each month, cause the Steamboat Host Company to make each payment in respect of the Monthly Rental Amount that accrued in respect of the immediately preceding month to the Administrative Agent. All such payments in respect of Monthly Rental Amounts delivered to the Administrative Agent shall be in good, collected funds in legal tender of the United States of America and shall be applied as set forth in Section 2.5(d) hereof, provided that, as set forth in said Section and for the avoidance of doubt, its first use shall be to the servicing and/or payment of the Steamboat Loan and the other amounts owing hereunder in respect of the Steamboat Project, provided further that, if a Default or an Event of Default shall then exist, all such payments shall be applied pursuant to Section 2.5(d) or Section 8.2(c) of this Agreement, whichever shall be applicable, but, in any case and for the avoidance of doubt, such application shall be first to the servicing and/or payment of the Steamboat Loan and the other amounts owing hereunder in respect of the Steamboat Project. If any payment under a Steamboat Host Company Lease Agreement (other than a Monthly Rental Amount) is delivered to the Administrative Agent, then such payment shall be treated as a prepayment under Section 2.5(e), to the extent permitted thereunder, and applied to the Steamboat Loan on a priority basis in accordance with such Section; otherwise such payment shall be deposited into the Cash Collateral Account.
Sample 1

Related to Host Company Lease Agreements Payments

  • Lease Agreements 11 Section 3.15

  • Sublease Agreement Sublandlord and Subtenant hereby represent that a true and complete copy of the Sublease Agreement is attached hereto and made a part hereof as Exhibit A.

  • Lease Agreement On the terms stated in this Lease, Landlord leases the Premises to Tenant, and Tenant leases the Premises from Landlord, for the Term beginning on the Commencement Date and ending on the Termination Date unless extended or sooner terminated pursuant to this Lease.

  • Space Leases (i) Borrower has delivered a true, correct and complete schedule of all Space Leases as of the date hereof, which accurately and completely sets forth in all material respects, for each such Space Lease, the following (collectively, the “Rent Roll”): the name and address of the tenant with the name, title and telephone number of the contact person of such tenant; the lease expiration date, extension and renewal provisions; the base rent and percentage rent payable; all additional rent and pass-through obligations; and the security deposit held thereunder and the location of such deposit.

  • Existing Leases Notwithstanding the provisions of Section 4.1 above, Seller has disclosed to Buyer the existence of the following two leases with third party tenants for space in Building A: (a) a lease to the Orange County Bar Association ("OCBA") for 7425 square feet of space on the first floor of Building A for a term that expires on November 30, 2007, with no option to extend (the "OCBA Lease"), and (b) a lease to Xxxxxxx & Associates for 1420 square feet of space on the 4th floor of Building A for a term that expires on May 31, 2006, with no option to extend (the "AA Lease"). The OCBA Lease and the AA Lease are referred to as the "Existing Leases" and the tenants thereunder are referred to as the "Existing Tenants." Prior to the Due Diligence Expiration Date, Seller shall deliver to Buyer a true and complete copy of each of the Existing Leases. As of the Closing and at Seller’s option, either (i) Seller shall have caused the Existing Leases to be terminated and the Existing Tenants to vacate Building A, or (ii) Seller shall remain as the lessor to the Existing Leases as a direct lease between Seller and the Existing Tenants and as a sublease to the Lease for Building A , or (iii) Buyer shall assume the Seller’s interest in the Existing Leases as a direct lease between Buyer and the Existing Tenants. If clause (ii) above is applicable to an Existing Lease, then such Existing Lease shall be considered as a sublease between Seller and the Existing Tenant, and except as provided below, Seller shall be solely responsible for the Existing Lease as a sublease under the Seller Lease for Building A and Buyer shall have no obligations or liabilities in connection with the Existing

  • Personal Property Leases Except as set forth in Schedule 3.13.(b), Company has no leases of personal property involving consideration or other expenditure in excess of $5,000 or involving performance over a period of more than three months.

  • Real Property Lease Except as set forth in Disclosure Schedule 1.1.(b), Seller has no leases of real property used or held for use in connection with the Business or the Purchased Assets.

  • Operating Leases Not permit the aggregate amount of all rental payments under Operating Leases made (or scheduled to be made) by the Loan Parties (on a consolidated basis) to exceed $1,000,000 in any Fiscal Year.

  • OFFICE LEASE This Office Lease (the “Lease”), dated as of the date set forth in Section 1 of the Summary of Basic Lease Information (the “Summary”), below, is made by and between XXXXXX REALTY, L.P., a Delaware limited partnership (“Landlord”), and DERMAVANT SCIENCES INC., a Delaware corporation (“Tenant”).

  • Real Property Leases Section 2.12 of the Disclosure Schedule lists all Leases and lists the term of such Lease, any extension and expansion options, and the rent payable thereunder. The Company has delivered to the Buyer complete and accurate copies of the Leases. With respect to each Lease:

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