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 basxx.
Sample 1Sample 2See All (5)
AutoNDA by SimpleDocs
Lease Arrangement. 15 2.7 Tax Allocation.........................................16 2.8
Sample 1
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.
Sample 1
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.
Sample 1
Lease Arrangement. Under the Joint Venture Agreement, immediately after the setting up of JVC, VS Zhuhai as landlord and PRC JV (JVC, Xxxx 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. Procurement of machinery and equipment 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:
Sample 1
Lease Arrangement 
Sample 1Sample 2

Related to Lease Arrangement

  • The Arrangement At the Effective Time, the following shall occur and shall be deemed to occur in the following order without any further act or formality:

  • Escrow Arrangement The Company and the Purchaser shall enter into an escrow arrangement with Xxxxxxx Xxxxxx & Green, P.C. (the "Escrow Agent") in the Form of EXHIBIT B hereto respecting payment against delivery of the Shares.

  • Leasing Arrangements From the Effective Date through Closing (the "Contract Period"), without Purchaser's prior written consent in each instance, Seller will not amend or terminate any existing Lease or enter into any new Lease without Purchaser's prior written consent (which may be given or withheld in its sole and absolute discretion). Without limitation thereon, any and all Leases to be entered into during the Contract Period shall be on Seller's standard lease form delivered to Purchaser and otherwise on terms and conditions acceptable to Purchaser. If Purchaser fails to grant or withhold its consent to any proposed Lease within five (5) days of receipt thereof, Purchaser shall be deemed to have consented to such Lease. Notwithstanding anything contained herein to the contrary, Purchaser's consent shall not be required with respect to any renewal Lease or consent to a sublease or assignment of Lease which Seller, as a matter of law or by a Lease, shall be required to deliver. Notwithstanding anything to the contrary contained in this Agreement, Seller reserves the right, but is not obligated, to institute summary proceedings against any Tenant or terminate any Lease as a result of a default by the tenant thereunder prior to the Closing Date. Seller makes no representations and assumes no responsibility with respect to the continued occupancy of the Property or any part thereof by any Tenant. The removal of a Tenant prior to the Closing Date, whether by summary proceedings (or any written agreement accepting surrender or termination of the Lease subsequent to the commencement of such summary proceedings) or unilateral act of such Tenant, shall not give rise to any claim on the part of Purchaser; provided, however, Purchaser shall have the right within ten (10) days of the removal of any Tenant as Purchaser's sole and exclusive remedy, to terminate this Agreement and receive a refund of any portion of the Xxxxxxx Money Deposit previously tendered by Purchaser to the Escrow Agent, whereupon this Agreement shall terminate and the parties shall have no further rights and obligations to one another except for those obligations expressly stated herein to survive. If Purchaser fails to terminate this Agreement within such ten (10) day period, Purchaser shall be deemed to have waived its right to terminate pursuant to this Section 7.1(e) and Purchaser shall proceed to Closing without credit against, or reduction of, the Purchase Price.

  • Shared Loss Arrangement 1 2.1 Accounting for and Management of Shared-Loss Assets 1

  • Arrangement Agreement This Plan of Arrangement is made pursuant to, and is subject to the provisions of, the Arrangement Agreement, except in respect of the sequence of the steps comprising the Arrangement, which shall occur in the order set forth herein.

  • Severance Arrangements Grant or pay, or enter into any Contract providing for the granting of any severance, retention or termination pay, or the acceleration of vesting or other benefits, to any Person (other than payments or acceleration that have been disclosed to Acquirer and are set forth on Schedule 4.2(q) of the Company Disclosure Letter);

  • Escrow Arrangements Payment for the Securities shall be received by Prime Trust, LLC (the “Escrow Agent”) from the undersigned by transfer of immediately available funds, credit or debit card, or other means approved by the Company at least two days prior to the applicable Closing Date, in the amount as set forth on the signature page hereto. Upon such Closing Date, the Escrow Agent shall release such funds to the Company. The undersigned shall receive notice and evidence of the digital entry of the number of the Securities owned by undersigned reflected on the books and records of the Company and verified by StartEngine Secure LLC, (the “Transfer Agent”), which books and records shall bear a notation that the Securities were sold in reliance upon Regulation A.

  • SUPPLEMENTAL ARRANGEMENTS The Sub-Advisor may enter into arrangements with other persons affiliated with the Sub-Advisor or with unaffiliated third parties to better enable the Sub-Advisor to fulfill its obligations under this Agreement for the provision of certain personnel and facilities to the Sub- Advisor, subject to written notification to and approval of the Manager and, where required by applicable law, the Board of Directors of the Fund.

  • Business Arrangements Except as disclosed in the Registration Statement, the Time of Sale Disclosure Package and the Prospectus, neither the Company nor any of its subsidiaries has granted rights to develop, manufacture, produce, assemble, distribute, license, market or sell its products to any other person and is not bound by any agreement that affects the exclusive right of the Company or such subsidiary to develop, manufacture, produce, assemble, distribute, license, market or sell its products.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!