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Lease Arrangements Sample Clauses

Lease ArrangementsTo the extent any of the STOCKHOLDERS own any interest in any real property which is leased to the COMPANY, and such property is to be used in the COMPANY'S business after the Consummation Date, NEWCO and the applicable STOCKHOLDERS shall either enter into a lease for such premises on such fair market terms and conditions as may be agreed upon by NEWCO and the STOCKHOLDERS or amend the existing lease to reflect the fair market terms and conditions agreed upon by NEWCO and the STOCKHOLDERS (the "Lease Arrangement").
Lease Arrangements. Unless covered by a specific delegated authority the RMA shall not enter into any finance, property or accommodation related lease arrangement – including the extension of an existing lease or the non-exercise of a tenant’s lease break - without the SG’s prior approval. Before entering/ continuing such arrangements the RMA must be able to demonstrate that the lease offers better value for money than purchase and that all options of sharing existing public sector space have been explored. Non- property/ accommodation related operating leases are subject to a specific delegated authority. The RMA must have capital DEL provision for finance leases and other transactions which are in substance borrowing.
Lease Arrangements. Unless covered by a specific delegated authority VS shall not enter into any finance, property or accommodation-related lease arrangement – including the extension of an existing lease or the non-exercise of a tenant’s lease break - without the SG’s prior approval. Before entering / continuing such arrangements VS must be able to demonstrate that the lease offers better value for money than purchase and that all options of sharing existing public sector space have been explored. Non-property / accommodation related operating leases are subject to a specific delegated authority. The NDPB must have capital DEL provision for finance leases and other transactions which are in substance borrowing.
Lease Arrangements. (a) Except as set forth in Section 3.21 to the Papyrus Disclosure Schedule there are no lessees ("Master Lessees") who have been granted the right to use, purchase, lease or license goods or services from Papyrus and to provide, resell, sublease or relicense the same to other authorized lessees or third parties. The identity of each Master Lessee and a description of all lessees and third parties to whom such Master Lessee is entitled to provide, resell, sublease or relicense goods and services of Papyrus are set forth in Section 3.21 to the Papyrus Disclosure Schedule. There are no agreements between Papyrus and any Master Lessee other than those in writing that are set forth in Section 3.21 to the Papyrus Disclosure Schedule. (b) Except as set forth in Section 3.10 to the Papyrus Disclosure Schedule, there are no licensees who have been granted the right to use, purchase, lease or license the Intellectual Property from Papyrus and to provide, resell, sublease or relicense the same to authorized sublicensees or other third parties. The identity of each licensee and a description of all sublicensees and third parties to whom such licensee is entitled to provide, resell, sublease or relicense goods and services of Papyrus are set forth in Section 3.10 to the Papyrus Disclosure Schedule. (c) Papyrus believes that the relationships of Papyrus with its lessees and licensees are satisfactory and that the execution of this Agreement, the consummation of the Merger, and the consummation of the transactions contemplated thereby would not be reasonably likely to have a Material Adverse Effect on the relationships of Papyrus with such lessees and licensees. (d) Papyrus is not a party to any vendor financing arrangement which (i) requires Papyrus to use such financing for any particular transaction, or (ii) cannot be terminated (without premium or penalty) upon less than one month's notice.
Lease Arrangements. Pursuant to the Finance Lease Agreement, CRCC Leasing agreed to lease the Leased Assets to the Lessees for a term of 8 years. The commencement date(s) of the finance lease period shall be notified by CRCC Leasing in writing.
Lease Arrangements. Purchaser shall have entered into Lease Agreements with the owners of the Real Property and the Ellsxxxxx Xxxdlord for each of the parcels of real property comprising the Real Property and the Ellsxxxxx Xxxperty, respectively, in the forms attached hereto as Exhibit D-1 and subject to the location-specific rent rates and other business terms set forth in Exhibit D-2 attached hereto. All such lease agreements covering the Real Property are herein referred to individually as a "Lease" and collectively as the "Leases". Such new Lease Agreement covering the Ellsxxxxx Xxxperty is referred to herein as the "New Ellsxxxxx Xxxse". In addition, the owners of the Real Property, the Grand Rapids Landlord and the Ellsxxxxx Xxxdlord shall have obtained the signatures of all mortgagees of the Real Property, the Grand Rapids Property and the Ellsxxxxx Xxxperty (as applicable) on the Subordination, Non-disturbance and Attornment Agreements in substantially the form incorporated into the Lease Agreement attached hereto as Exhibit D-1. In addition Rush shall execute a Lease Guaranty Agreement in favor of each of the Landlords under the Leases in the form attached hereto as Exhibit D-1.
Lease Arrangements. (a) Prepayment of Obligations. PSC shall terminate, not later than ------------------------- December 31, 1997, PSC's existing lease with Metropolitan Life Insurance Company ("Landlord") covering PSC's facility at 000 Xxxxxxxx Xxxxxx, White Plains, New York (the "Lease"). PSC shall timely perform all of its obligations under the Lease and vacate the premises covered by the Lease not later than December 31, 1997. Prior to Closing, Carso Global Telecom, S.A. de C.V. ("Carso") shall prepay to the Landlord in full all rent due and to become due under the Lease through December 31, 1997, together with the entire amount of the early termination fee provided under the Lease, less any negotiated discount for prepayment agreed to by the Landlord (the net amount of the foregoing, the "Lease Amount"
Lease ArrangementsWith respect to Retail Space and any leasing, contracting, and licensing, the Association agrees to: (a) provide tenant and users coordination services including the review of rental applications, and offers to lease, and to engage in good-faith consultations with East Hants regarding the terms thereof; (b) prepare leases or user license agreements as applicable on forms approved by East Hants; (c) negotiate with tenants and/or users regarding any modification to the terms of such leases or user license agreements and to arrange for their execution; (d) receive plans and specifications for any tenant changes, leasehold improvements, signage or other agreements and to arrange for any approvals required in connection with them; and (e) arrange for the completion of any work required of East Hants pursuant to the terms of any offer to lease, license agreement or lease, user or tenant agreement and to make or arrange for the payment of any allowance or contributions from East Hants to which tenants may be entitled after the satisfactory completion of any tenant or user work including partitioning and any other leasehold improvements. The terms and conditions of any property lease negotiated by the Association shall be subject to the prior approval of East Hants and shall be at market value unless otherwise approved by East Hants. The Association shall supervise the moving in and out of tenants and, so far as is reasonably possible, to arrange the times thereof so that there shall be a minimum of disturbance to the operation of the Facility and inconvenience to any other users. The Association shall use its reasonable best efforts to arrange for performance of all covenants, duties and obligations of East Hants pursuant to all leases, licenses, and other agreements and/or user license agreements which are in effect during the Operating Period in so far as such performance is consistent with the terms of this Agreement and any subsequent instructions given from time to time by East Hants. Notwithstanding the foregoing, any tenants, concessionaires, licensees or other operators in the Facility must receive Association permission and obtain all appropriate licenses to conduct gambling and lottery activities, not including VLTs or similar gaming devices. The Association is permitted to conduct gambling or lottery activities, provided that they obtain the appropriate licenses and do not make use of VLTs or similar gaming devices.
Lease ArrangementsAt the Closing, the parties shall amend ------------------ the existing Sublease between MDI and Stockholder so that either party may terminate such Sublease upon 60 days' prior written notice, without cost or liability for such termination. At the Closing, the parties shall also enter into an agreement pursuant to which, in the event that Stockholder (i) agrees with its landlord to terminate its lease for the premises which are the subject of such Sublease and vacate such premises prior to the expiration of such lease, MDI would pay 50% of any amounts payable to Stockholder's landlord as a result of such early termination or (ii) subleases all or a portion of such premises for less than the current lease payments with respect to such subleased premises, MDI would pay 50% of such deficiency; provided, -------- however, that the aggregate cost to MDI under this Section 5.13 shall ------- not exceed $240,000.
Lease Arrangements. Unless covered by a specific delegated authority CS shall not enter into any finance, property or accommodation related lease arrangement – including the extension of an existing lease or the non- exercise of a tenant’s lease break - without the Scottish Government’s prior approval. Before entering / continuing such arrangements CS must be able to demonstrate that the lease offers better value for money than purchase and that all options of sharing existing public sector space have been explored. Non- property / accommodation related operating leases are subject to a specific delegated authority. CS must have capital DEL provision for finance leases and other transactions which are in substance borrowing. Non-standard tax management arrangements should always be regarded as novel and/or contentious and must therefore be approved in advance by the Scottish Government. Relevant guidance is provided in the Tax Planning and Tax Avoidance section of the SPFM. CS must comply with all relevant rules on taxation, including VAT. All individuals who would qualify as employees for tax purposes should be paid through the payroll system with tax deducted at source. It is the responsibility of CS to observe VAT legislation and recover input tax where it is entitled to do so. The implications of VAT in relation to procurement and shared services should be considered at an early stage to ensure that financial efficiency is achieved. CS must also ensure that it accounts properly for any output tax on sales or disposals. CS shall seek to deliver, and demonstrate, robust governance processes, best practice and value for money when developing and implementing a severance scheme or when developing a settlement agreement, in compliance with current policy, observing all policy limits as set out in the Settlement, severance, early retirement, redundancy section of the SPFM. Any lending by CS must adhere to the guidance in the Borrowing, Lending & Investment section of the SPFM on undertaking due diligence and seeking to establish a security. Unless covered by a specific delegated limit CS shall not, without the Scottish Government’s prior approval, lend money, charge any asset, give any guarantee or indemnity or letter of comfort, or incur any other contingent liability (as defined in the Contingent Liabilities section of the SPFM), whether or not in a legally binding form. Guarantees, indemnities and letters of comfort of a standard type given in the normal course of business a...