Interim Lease. If Purchaser or its designee has not obtained the necessary licenses, certificates, permits and approvals to operate the Facility on and after the Closing Date, then Existing Operator shall execute and deliver to Escrow Agent two (2) original copies of the Interim Lease;
Interim Lease. Landlord shall lease the Interim Leased Premises to Tenant for the Interim Lease Term.
Interim Lease. Seller and Buyer shall enter into the Interim ------------- Lease, in form and substance reasonably satisfactory to the parties hereto with respect to the real property, more fully described on Attachment 1 hereto, owned by Seller and used in connection with the operation of the Business. The Interim Lease will provide for the lease by the Buyer of such property for which Buyer will pay Seller's carrying costs with respect to such property until the property is conveyed to Buyer in accordance with the terms of this Agreement.
Interim Lease. Seller and Purchaser shall have executed and delivered a lease of the Premises for a period of 90 days following the Closing Date on terms and conditions mutually satisfactory to both parties in the form attached hereto as Schedule 6.5.
Interim Lease. (a) On the Interim Lease Date, Seller shall lease to Buyer, and Buyer shall lease from Seller, the Equipment on the terms and conditions provided in this Agreement. On the Interim Lease Date, Seller shall deliver the Equipment to Buyer at the Tucson International Airport, Tucson, Arizona or such other location as Seller and Buyer shall agree (the "Delivery Location").
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Interim Lease. It may not be possible to complete the foregoing license and permit transfers or issuances before the Closing and some or all of the licenses and permits may not be capable of transfer. However, the transfer and/or issuance of such licenses, permits, certificates and/or approvals (and/or any other licenses, permits, certificates and/or approvals) shall not be a condition precedent to Purchaser's obligations under this Agreement, nor to the Closing and Purchaser shall remain fully obligated to perform all of its obligations hereunder and to Close the Escrow even if such licenses, permits, certificates and approvals have not been transferred or issued to Purchaser before Closing for any reason whatsoever, including Purchaser's inability to qualify for the transfer or issuance of any such licenses or permits. To the extent that the necessary licenses and permits are not obtained by transfer by Closing, for a period of one hundred eighty (180) days after the Closing Date, Seller and Purchaser shall operate the property pursuant to an Interim Lease (the "Interim Lease"), and an interim property management agreement (the "Interim Management Agreement") in the form and content approved by the parties during the Due Diligence Review Period. The parties shall execute the Interim Lease and Interim Management Agreement not later than the Closing. The Interim Lease and Interim Management Agreement shall terminate upon the earlier of one hundred eighty (180) days after the Closing or issuance by the appropriate governmental agency of the appropriate license(s) and permit(s). The Interim Lease will be entered into solely for the purpose of maintaining Seller's licenses for the Property for the term of the Interim Lease. During the term of the Interim Lease, Purchaser shall indemnify Seller as provided in Section 19.8 of this Agreement, and shall use its reasonable best and diligent efforts to apply for and obtain a new operating license.
Interim Lease. That certain Lease of even date between the Seller and the Buyer (the "Interim Lease"), duly executed by the Seller.
Interim Lease. The "Property" and certain other immediate surrounding land will be improved by construction of an adjacent highway primarily using Federal funds, The Federal Highway Administration has determined that no transfers of title to such land to private industry may take place prior to completion of the interchange which is projected to occur on or before the end of the second quarter of the Calendar Year 2001. In the event Probex chooses to exercise the Purchase Option, then an Interim Lease shall automatically then be deemed to be in effect between the parties which shall remain in effect until Authority certifies to Probex in writing that the interchange is complete. Rental payments under the Interim Lease shall be Twenty Thousand Dollars ($20,000.00) per month which payments in total shall be credited against the Purchase Price. Other terms and conditions of the Interim Lease are set forth in Exhibit C attached hereto and made a part hereof for all purposes. Closing on the Purchase shall occur in the offices of Authority within 20 business days of Authority's notice to Probex that the interchange is complete.
Interim Lease. The Interim Lease, duly executed by the Buyer.
