Lease Assumption. Purchaser hereby:
(a) Acknowledges that (i) the Company operates from Premises situated at 10000 Xxxxxxx Xxxxxxxxx, Xxxxxx, Xxxxxxxxxx (the “Premises”), which are owned by The Exxxxx Xxxxxxxxx Non-Exempt Trust & the Lxxxxx Xxxxxxxx Trust (“Owner”), and (ii) Owner leases the Premises to Seller pursuant to a Standard Industrial/Commercial Multi-Tenant Lease – Gross dated August 26, 2009 (the “Lease”); and
(b) Agrees that at the Closing, Seller shall assign the Lease to the Company and Purchaser shall cause the Company to assume the Lease and cause the Company to pay, prior to delinquency, all amounts coming due under the Lease with respect to all periods after the Closing.
Lease Assumption. If LESSEE shall assign this Lease, the assignee shall expressly assume all of the obligations of LESSEE hereunder in a written instrument provided by CITY and delivered to CITY not later than five (5) days prior to the effective date of the assignment. If LESSEE shall lease any part of the Building Improvements or sublease any part of the Leased Premises, LESSEE shall obtain and furnish to CITY, not later than fifteen (15) days prior to the effective date of such lease or sublease, and in a form reasonably satisfactory to CITY, the written agreement of such LESSEE or sublessee to the effect that LESSEE or sublessee shall attorn to CITY.
Lease Assumption. The Buyer shall have entered into an assumption of Seller's current lease for the Branch, and the lessor shall have executed and delivered to the Buyer, evidence of acceptance of the assumption in substantially the form attached hereto as Exhibit F.
Lease Assumption. Xxxxxxxxx shall have executed an Assignment and Assumption of Lease for Seller’s office located at 00 Xxxxx Xxxx Xxxxxx, Xxxxxxxxxx, Xxx Xxxx.
Lease Assumption. The Buyer shall have accepted the assignment of the Lease and agreed to assume the obligations of the lessee thereunder arising on an after the Closing Date.
Lease Assumption. Landlord hereby agrees to sublease space from Tenant at 0000 Xxxxxx Xxxxxx, Xx. Xxxx, Minnesota. Pursuant to such sublease, Landlord shall assume all of Tenant's obligations under such Lease except the obligation to reimburse Landlord for Tenant Improvements and obligation to repair damage caused by Tenant and removal of fixtures at the expiration of the lease term. Landlord shall have no right to possession of the subleased premises until Landlord has delivered possession of the Premises to Tenant, in the condition required by this Lease, provided that such date of possession of the subleased premises shall be not earlier than October 1, 1997 and not later than November 1, 1997. In the event Tenant defaults under the lease at 0000 Xxxxx Xxxxxx XX, Landlord's obligation under the subtenancy shall immediately cease. In addition, Landlord's default under the sublease described herein shall constitute a default by Landlord under this Lease. At any time after November 1, 1997, Tenant shall remove any and all equipment and fixtures in the space on Kasota Avenue upon notice from Landlord if Landlord secures a subtenant for the space or part thereof. Tenant shall be responsible for all sublease commissions due to Xxxxxx X. Xxxxxxxx, Inc.
Lease Assumption. Landlord hereby agrees to sublease space from Tenant at 0000 Xxxxxx Xxxxxx, Xx. Xxxx, Minnesota. Pursuant to such sublease (see attached), Landlord shall assume all of Tenant's obligations under such Lease except the obligation to reimburse Landlord for Tenant Improvements and obligation to repair damage caused by Tenant and removal of fixtures at the expiration of the lease term. In the event Tenant defaults under the lease at 0000 Xxxxx Xxxxxx XX, Landlord's obligation under the subtenancy shall immediately cease. Tenant shall be responsible for all sublease commissions due to Xxxxxx X. Xxxxxxxx, Inc.
Lease Assumption. Landlord acknowledges that Tenant has a current and remaining lease obligation for 0000 Xxxxxxx Xxxx in Boulder, Colorado under that certain Net Lease Agreement dated September 10, 1992 between Nationwide Life Insurance Company, as lessor, and BioStar, Inc., as lessee, which was modified and extended pursuant to that First Amendment to Net Lease Agreement dated March 4, 1998 (the “Lookout Road Lease”), and Landlord is aware of the terms of the Lookout Road Lease through lease documentation provided to Landlord by Tenant. Each of Tenant’s obligations under the Lookout Road Lease is referred to herein as a “Lease Obligation” and collectively as the “Lease Obligations”. Tenant and Landlord shall work in good faith to eliminate or dispose of the Lease Obligations via lease termination and/or via assignment or subletting of the Lookout Road Lease prior to the expiration of the term of the Lookout Road Lease which is August 31, 2003 (the “Disposition”). The terms of such Disposition shall be approved in writing by both Landlord and Tenant, and such approval shall not be unreasonably withheld, provided that such Disposition shall contain a full and complete release of Tenant from all Lease Obligations. In the event Landlord is successful in negotiating a Disposition of the Lease Obligations prior to the date that is six (6) months after the Initial Premises Commencement Date (“Disposition Date”), Tenant shall pay the reasonable costs incurred by Landlord in obtaining the Disposition, including concessions, allowances, brokerage commissions and other standard marketing costs, and reasonable attorney fees, not to exceed the amount Tenant would have otherwise paid as Base Rent under the Lookout Road Lease for the period beginning on the effective date of the Disposition through the Disposition Date. All other costs in obtaining the Disposition shall be paid by Landlord. Landlord acknowledges that Tenant may reject any such Disposition, or may require modification of the terms for any such Disposition, if in the reasonable opinion of Tenant such Disposition creates a burden, risk, or cost to Tenant in excess of the burden/risk/cost created by Landlord’s assumption of the Lease Obligation as described in the following paragraph. In any event and without regard to whether Landlord has succeeded in negotiating an acceptable Disposition, the Lease Obligations from and after the Disposition Date shall be the obligation of Landlord as if Landlord were the tenant under the ...
Lease Assumption. The existing lease at 550 parksixx xxxxx, xxxx x0 for 4,233 rentable square feet will be assigned to ferdi investments company limited effective November 1, 1996 for the balance of the term (expiring December 14, 1996). Should this Lease Assignment not transpire for any reason, the Landlord will pay to Navtech Systems Support Inc. on the first day of each month, the monthly value of the lease being Three Thousand four Hundred and Forty ($3,440.00 dollars plus GST until lease termination. The Total value of this lease as of November 1, 1996 until December 14th, 1996 will be Five Thousand, One Hundred ans Sixty dollars ($5,160.00) plus GST.
Lease Assumption. Company shall cause re: Member Data Services to (i) assume the office lease with Duke Weeks Realty Limited Partnership and the lease with OMIF, LLC with respect to the Company's disaster recovery facility; (ii) cause Company to be released from any further obligation with respect to such leases; and (iii) allow Surviving Entity at least six months from the Closing Date to vacate the premises.
