Land Lease. 13 LIBOR ....................................................................................... 13
Land Lease. Exhibit C lists for the Properties the Land Lease applicable to the Properties. Exhibit C also includes a list of all amendments and modifications thereto. To the best of Seller's knowledge, except as may be shown in said Exhibit, the Land Lease is in full force and effect and free from default, Seller is current in the payment of all rentals and other amounts due under the Land Lease, there is no existing event which, with the passage of time and the giving of notice, or both, could become a default under the Land Lease, there are no disputes, claims, or rights of set-off under the Land Lease, and, subject to obtaining the consent of the lessor under the Land Lease and the limited partners of Seller, Seller has the full right, power, and authority to assign its interest in and to the Land Lease to Purchaser.
Land Lease. If a PPA is entered into between the Parties, the Parties agree to enter into a separate agreement under which Seller or its affiliate will lease to Buyer a fenced land plot of land that is large enough for the Buyer to set up facilities including the data center and ancillary infrastructure.
Land Lease. Sublessor is the tenant/lessee under that certain Land Lease dated effective as of October 1, 2019, and as amended by the First Amendment to Lease dated effective October 21, 2020 (as amended “Land Lease”) with PHOENIX-MESA GATEWAY AIRPORT AUTHORITY, a joint powers airport authority authorized and existing under the laws of the State of Arizona (“Land Lessor”); and pursuant to the Land Lease, Sublessor leased the Project from Land Lessor. A copy of the Land Lease is attached hereto as Exhibit B and made a part of this Sublease. Such Land Lease includes, without limitation: Sublessor’s use of the apron/ramp areas in front of Tenant’s aircraft access doors and use of all taxiways and runways subject to the Land Lease’s rules and regulations. Sublessor hereby grants to Sublessee all of those uses and rights granted and or leased to Sublessor, as lessee, under the Land Lease. In addition, Sublessor and Sublessee agree as follows with respect to the Land Lease:
(1) Sublessee acknowledges that this Sublease is a sublease entered into by Sublessor as lessee under that the Land Lease, as whereby Land Lessor leases to Sublessor, and Sublessor leases from Land Lessor, the Project. Prior to the date of this Sublease, Sublessor has delivered to Sublessee a true and complete copy of the Land Lease. Sublessee hereby acknowledges and agrees that this Sublease is subject and subordinate to the terms and provisions of the Land Lease. Sublessee acknowledges and agrees that, without limiting any of Sublessee's other obligations set forth in this Sublease, Sublessee and its successors and assigns (to the extent permitted under the terms of this Sublease) shall comply with all of the terms and provisions of the Land Lease.
(2) Sublessor represents, warrants and agrees as follows:
(i) Sublessor shall comply with all of the terms and provisions of the Land Lease, including without limitation, promptly and faithfully observing, enforcing, abiding by, discharging and performing, all of the terms, obligations, covenants, conditions, agreements, indemnities, representations, warranties or liabilities under the Land Lease on the part of the lessee thereunder to be kept, observed, discharged and performed, (ii) Sublessor shall do, or cause to be done, all things necessary to preserve and keep unimpaired all rights of Sublessor as lessee under the Land Lease, and to prevent any default on its part under the Land Lease, or any termination, surrender, cancellation, forfeiture, subordinat...
Land Lease. THIS LAND LEASE (this "Agreement") is entered into as of [_____________], 2014 ("Effective Date") by and between RE ASTORIA 2 LANDCO LLC, a Delaware limited liability company ("Owner"), and RE ASTORIA 2 LLC, a Delaware limited liability company ("Lessee"). Owner and Lessee are sometimes herein together referred to as the "Parties" and individually as a "Party". For good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, Owner and Lessee hereby agree as follows:
Land Lease. 6.1 Upon the request of the Company, PQA (as lessor) shall grant to the Company (as lessee) an indenture of lease in respect of the site (the "Land Lease") and the parties shall cause completion, with all due dispatch of such formalities as are incidental to the execution and registration of the Indenture of lease granted by PQA in the format as attached in Schedule 6.
6.2 The Company shall be responsible for all payments to be made in connection with the registration of the indenture of lease in accordance with the laws of Pakistan, including stamp duty and registration fee.
6.3 Notwithstanding/anything contained herein, or the scheme and arrangements devised by or for PQA in connection with the grant of leases of its property, it is agreed between the parties hereto that the land lease shall incorporate the following terms and conditions and, accordingly, PQA shall ensure that appropriate actions, steps and measures are taken to give effect to the same as the paramount terms and conditions of the land lease:
(a) The indenture of lease shall be for a period of thirty (30) years effective from the date of effectiveness with further renewals for a period of thirty (30) years. The renewal shall be applicable provided that mutual Agreement regarding extension of operation has been reached under Article 3.24.
(b) The Company shall pay occupancy charges, annual land rent and other charges as applicable in the circumstances in respect of various areas of land included in the land lease. Such rent and other charges as applicable in the circumstances, shall be payable by the Company to PQA as of the dates on which vacant possession of the various portions of land is taken by the Company from PQA.
(c) All the interests and rights of the Company under the land lease shall be assignable and transferable in favour of the lenders or their nominees, and charges and mortgages over the said interest and rights of the Company may also be created in favour of the lenders or their nominees with the consent of PQA which shall not be unreasonably withheld. For any assignment and transfer and or creation of charges or mortgage as aforesaid any fees or charges shall be payable in respect of any of the said matters as applicable. All such assignment /transfers/charges/ mortgages shall be duly recognized by PQA and duly registered. In the event of such assignment, transfer, charge or mortgage, the land lease shall not terminate, (unless the Lenders otherwise agree), until all mone...
Land Lease. The Lease between the Land Lessor and Landlord dated as of November 5, 1987, as amended by First Amendment to Ground Lease dated February 22, 1988, and as further amended by Second Amendment to Ground Lease dated September 27, 1989.
Land Lease. In addition to drafting a management plan for each garden site, the City and GCH will enter into a lease for use of the City property by GCH for a term of years. The lease shall be reviewed and approved by the City Park Board if the proposed site is City parkland for a lease term of 5 years or less. The lease shall be reviewed and approved by the City Council if:
1) the proposed site is not City parkland or 2) the proposed site is City parkland and the lease term is for more than 5 years, in which case, the City Park Board shall also review and approve the agreement. The lease will address the party’s rights and responsibilities, including but not limited to insurance, immunities, indemnification, and pertinent regulations.
Land Lease. Any and all other restrictions, reservations, covenants, conditions, rights-of-way, easements, and encumbrances, whether of record or not, all municipal or other governmental zoning laws, regulations and ordinances, if any, affecting the Building and/or Land, and any other matters affecting the Building and/or Land which would be disclosed by a physical inspection of the Building and/or the Land on which it is located or an accurate survey of the Building and/or the Land on which it is located. The following obligations of City shall be conditions to BNSF’s obligation to consummate the transaction to convey the Building to City. In the event any of these conditions are not satisfied by the applicable date indicated below (or if no date is indicated below then by the date that is 45 days after the Effective Date), BNSF may in its sole discretion elect (i) to extend such date or (ii) to treat such failure to meet the condition by the required date as a breach of this Contract by City and terminate this Contract by written notice to City, whereupon neither party shall have any further rights or obligations.
