Landlord's Conditions. The closing of this transaction is conditional, for a period of 10 Business Days from the date of acceptance of this Offer by the Landlord, or by such extension of that period in accordance with section 3.1, upon:
(a) the Demised Premises being ready for occupancy by residential tenants;
(b) the Landlord having declared the Demised Premises surplus;
(c) the Executive Director, Housing Secretariat having received and approved the Tenant's Access Plan, in the form of the report attached as Schedule “A” to the Contribution Agreement;
(d) the Landlord being satisfied that the Tenant has sufficient funding to operate Affordable Housing with supports at the Demised Premises;
(e) the Tenant having provided a current operating budget satisfactory to the Executive Director, Housing Secretariat; and
(f) the Tenant having provided an officer’s certificate and resolution certifying that the Tenant's board of directors has authorized the transaction contemplated herein. The Landlord shall have the right to terminate this Offer by notice in writing to the Tenant on or before the expiry of the time set out above for each of the Landlord's conditions in the event that any one or more of the foregoing conditions has not been satisfied. Upon such notice, this Offer shall be null and void. In the event that the City does not notify the Tenant within the time so limited, the Landlord shall be deemed to have waived the foregoing conditions. The foregoing conditions are expressed to be for the sole benefit of the Landlord, which the Landlord shall have the right to waive, and to complete the transaction contemplated by this Offer.
Landlord's Conditions. Within five (5) business days after acceptance of this Offer, Tenant shall deliver to Landlord a completed credit application and such other information as Landlord requires (“Information”) to satisfy itself as to the financial strength of Tenant and Tenant hereby consents to Landlord making independent credit inquiries for that purpose, it being acknowledged and agreed that Tenant has already provided copies of its current financial statements to Landlord and other credit information. This Offer is conditional for a period of ten (10) business days following Landlord’s receipt of the Information for Landlord to satisfy itself as aforesaid and in order for Landlord to obtain the approval of its senior management. If Landlord fails to notify Tenant in writing that these conditions have been either satisfied or waived by Landlord within such conditional period, this Offer shall be null and void and of no further force or effect. In the event of such termination Landlord shall return forthwith any Deposit received by it to Tenant without interest or deduction and Landlord shall not be liable for any losses, damages or costs whatsoever. These conditions have been inserted for the sole benefit of Landlord and may be waived by Landlord, in its sole and absolute discretion, at any time on notice in writing to Tenant.
Landlord's Conditions. This Offer is conditional upon the following:
(1) Review and approval of the Tenant’s financial covenant to their sole satisfaction.
(2) Subject to formal approval of the Tenant’s use by the Landlord’s lender. The Conditions as stated above are for the sole benefit of the Landlord and must be removed in writing by the Landlord not later than March 28, 2017.
Landlord's Conditions. (a) Landlord has informed Tenant that Landlord currently is under contract or is negotiating to purchase the Land. If the date of this Lease occurs prior to the date Landlord obtains title to the Land, then Landlord's obligations under this Lease are conditioned upon it acquiring title to the Land on or prior to September 1, 2000. If Landlord has not acquired the Land by such date and the parties do not agree otherwise in writing, then this Lease shall automatically terminate.
(b) Landlord's obligations hereunder are further conditioned upon Landlord obtaining final permits and approvals from applicable authorities for the Construction Documents and for the construction of all of the Improvements pursuant thereto.
Landlord's Conditions. The agreement arising from the acceptance of this Offer to Lease is conditional for ten (10) business days from date of such acceptance, for Landlord to obtain approval of the terms and conditions of this Offer to Lease from Landlord’s executive committee and for Landlord to complete agreements to relevant third party tenants in the Building on terms satisfactory to Landlord, in its sole discretion. Landlord will acknowledge the satisfaction or waiver of the aforesaid condition on or before the due date provided above, in writing to Tenant. Failure to advise Tenant by 5:00 p.m. (Eastern Standard Time Zone) on the due date will render this Offer to Lease null and void and of no further force and effect. It is further understood and agreed that the conditions contained herein are for the sole benefit of Landlord and may only be waived by it.
Landlord's Conditions. Landlord’s obligations under this Lease, the Development Agreement and the Term Commencement Date are expressly subject to the timely satisfaction of the conditions listed in this Section 3.1 (collectively, the “Conditions Precedent”). Each condition may be waived in whole or in part by Landlord by written notice to Xxxxxx. Landlord and Tenant hereby covenant and agree that notwithstanding anything in this Lease to the contrary, in the event that any Condition Precedent has not been satisfied or waived, Landlord may elect to terminate this Lease and the Development Agreement, and Landlord shall have no further obligations to the Tenant under this Lease or the Development Agreement, so long as any delay or failure to meet any Condition Precedent is not a result of Landlord’s failure or inability to act, scheduling delays on the part of Landlord, Xxxxxxxx’s delay of approval or other act or omission of Landlord:
Landlord's Conditions. This Offer shall be conditional until 10 days after the full acceptance of this Offer (unless otherwise noted below) upon:
(a) Landlord’s senior management approving all of the business and financial terms of this Offer, in its sole and absolute discretion.
(b) Landlord satisfying itself as to the financial standing and credit worthiness of Tenant, in its sole and absolute discretion. These conditions (collectively, the “Landlord’s Conditions”) are for the sole benefit of Landlord and may be waived by it at any time. In the event that Landlord has not waived any of these conditions in writing during such condition period(s) then this Offer shall be null and void and the Deposit, if any, shall be returned without interest or deduction.
Landlord's Conditions. This Offer to Lease is subject to the following conditions precedent, all of which are for the sole benefit of the Landlord:
(a) Acceptance of this Offer by the Landlord is conditional upon the Tenant providing the Landlord with information respecting the financial status of the Tenant as the Landlord may reasonably require for the purposes of determining the financial strength of the Tenant. The Tenant shall furnish the Landlord with such information forthwith upon acceptance of the Offer. The Landlord shall have ten (10) business days from the date of provision of the financial information to determine whether or not the Tenant is acceptable to the Landlord. The Landlord shall notify the Tenant within ten (10) business days of receipt of the financial information that the tenancy is acceptable to it in writing, failing which the Offer shall become null and void. (the "Landlord's Conditions"). The Landlord's Conditions shall be removed or waived by notice in writing from the Landlord to the Tenant within ten (10) business days of the Landlord's acceptance of this Offer to Lease, failing which this Offer to Lease shall be null and void and of no force or effect and the Deposit shall be returned to the Tenant. The Tenant acknowledges the receipt of Ten Dollars ($10.00) and other good and valuable consideration to be retained by the Tenant as consideration for keeping this Offer to Lease open for acceptance until the time for removal or waiver of the Landlord's Conditions has expired.
Landlord's Conditions. Landlord’s obligation to close escrow is conditioned upon Tenant’s performance of all obligations and payment of all sums required under the terms of this Section 4. If any such condition is not satisfied and if Landlord is not willing to waive such condition, then Landlord shall have the right to terminate the Purchase Option and the transaction by which Tenant is to acquire the Property from Landlord. Following such termination, Landlord shall have no obligation to sell the Property to Tenant and Tenant shall have no right or obligation to purchase the Property from Landlord, and the Purchase Option shall terminate.
Landlord's Conditions. This Offer shall be conditional until ten (10) business days after the full acceptance of this Offer (unless otherwise noted below) upon:
(a) Landlord approving all of the business and financial terms of this Offer, in its sole and absolute discretion. These conditions are for the sole benefit of Landlord and may be waived by it at any time. In the event that Landlord has not waived any of these conditions in writing during such condition period then this Offer shall be null and void and the Deposit, if any, shall be returned without interest or deduction.
