Lease Assumption. Purchaser hereby:
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. 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. 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. If Tenant shall assign this Lease, then, as a condition to the effectiveness thereof, the assignee shall expressly assume all of the obligations of Tenant hereunder, to the extent accruing on or after the effective date of the assignment, together with Tenant on a joint and several liability basis, in a written instrument executed by Tenant and assignee on a form reasonably acceptable to Landlord, delivered to Landlord not later than the effective date of the assignment. Any such consent given by Landlord relative to a proposed sublease or assignment transaction shall automatically be deemed conditioned upon Landlord’s receipt, on or before the commencement date of such sublease or the effective date of such assignment, of (i) a true and correct copy of the fully executed sublease or assignment instrument, conforming, in all material respects, to the information
Lease Assumption. (a) Tenant leases certain premises at 00000 Xxxxxxxxx Xxxx, Xxxxxxxxxx, Xxxxxxxx, pursuant to a lease between TTERTT Associates, L.L.C., as Landlord (hereinafter referred to as the "26555 Landlord"), and Tenant, dated September 5, 1997. The premises covered by such lease is hereinafter referred to as the "26555 Premises" and such lease is hereinafter referred to as the "26555 Lease." The term of the 26555 Lease expires on January 31, 2005 and the current monthly rental obligation is $13,457.23 per month, plus electric and Additional Expenses and Additional Taxes.
Lease Assumption. Notwithstanding anything to the contrary in this lease, effective the commencement date of this lease term, Lessor shall provide Lessee with an immediate rent offset for rent, additional rent and related charges except parking, late fees and other penalties paid by Lessee to reimburse Lessee for Lessee's existing lease obligation in the Qxxxx Xxxx Square Building. The Qxxxx Xxxx Square lease has a total monthly rental obligation of approximately $38,000 and an expiration of December 31, 2006. Lessee agrees to provide Lessor with monthly rent invoices and additional rent invoices for this pre-existing lease which invoices shall serve as the basis of the rent off-set amount for the next monthly rent payment due pursuant to the terms of this lease Unless terminated by Lessee pursuant to Section 2.3 of this Lease, in the event Lessee defaults and this lease is terminated, or is terminated for other cause or the space is subleased to another party, then the rent offset shall likewise be terminated or reduced accordingly.
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 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. If pursuant to the insolvency laws (i.e., the United States Bankruptcy Code, 11 U.S.C. Section 101 et seq., and any federal, state, foreign or other laws of like impact), Tenant or a trustee of Tenant is permitted to, and elects to, assume or assume and assign this Lease:
