Lease Arrangement Sample Clauses
Lease Arrangement. For a reasonable transition period of up to two years following the Closing (but in no event later than the date that executives of USAi's Existing Business as of the date hereof cease to occupy such premises), the Partnership shall be entitled to occupy the premises located at 8800 Sunset Boulevard, West Hollywood, California, on a rent-free bas▇▇.
Lease Arrangement. 15 2.7 Tax Allocation.........................................16 2.8
Lease Arrangement. Namtai shall, for the benefit of BPC, assist for the settlement of BPC's production line in Shenzhen and sufficient water & electricity supply until the end of 2002. Namtai shall, upon request of BPC, assist BPC to be located in Shenzhen on and after 1 January 2003.
Lease Arrangement. Under the Joint Venture Agreement, immediately after the setting up of JVC, VS Zhuhai as landlord and PRC JV (JVC, ▇▇▇▇ and VS Zhuhai signing for and on behalf of PRC JV in their capacity as its investors) as tenant shall enter into the Lease Agreement. Pursuant to the Lease Agreement, VS Zhuhai has agreed to lease factory premises in Zhuhai to PRC JV to house its processing plant at a monthly rental of US$9,420 (equivalent to approximately HK$73,382). Immediately upon the establishment of PRC JV, its board of directors shall resolve (i) to assume all the rights, obligations and liabilities under the Lease Agreement and (ii) to authorise its legal representative to execute a formal version of the Lease Agreement with VS Zhuhai. Under the Joint Venture Agreement, VS Zhuhai shall transfer or procure to be transferred to PRC JV certain machinery and equipment (spray painting production lines and power supply system) at a consideration (presently estimated to be around US$2,000,000 (equivalent to approximately HK$15,580,000) to be agreed between VS Zhuhai and PRC JV; such amount to be regarded as a trade debt owed by PRC JV to VS Zhuhai and repayable to VS Zhuhai by PRC JV in the following manner:
Lease Arrangement. On the Closing Date, and until such date as a permanent operating location is made available to the Company, Live Oak agrees to make available to the Company, at Live Oak’s cost and expense, space sufficient for the Company’s operations as more particularly described on Exhibit 3.5(i), or as otherwise mutually agreed by the parties. The parties acknowledge that this office arrangement is intended to be temporary and that Live Oak or an Affiliate of Live Oak is developing office facilities that will include space for the Company’s operations. Upon completion of such facilities, Live Oak or an Affiliate of Live Oak will lease such space to the Company generally upon the terms and conditions outlined in Exhibit 3.5(ii), or upon such terms and conditions as otherwise mutually agreed by the parties; provided, that the parties agree that the Company shall not be required to pay rent pursuant to such lease until the date such leased space is made available to Company for the Company’s operations.
Lease Arrangement