LEASE AT SETTIMO, ITALY Sample Clauses

LEASE AT SETTIMO, ITALY. 5.11.1 The Purchaser acknowledges that the Vendor has contracted to procure the grant to a subsidiary of Corning Inc. of a lease of office space in the main administration building of the Overseas Property at Settimo, Italy listed at Part 3 of Schedule 13 for a term expiring on 31 December 1999 (the SETTIMO LEASE). 5.11.2 The parties acting reasonably having regard to the draft lease attached as Exhibit A will agree as soon as reasonably practicable after the date hereof the terms of the Settimo Lease. The Vendor shall be entitled to grant the Settimo Lease, once agreed with the Purchaser, at any time prior to Completion. 5.11.3 The Purchaser agrees that if the Settimo Lease is not granted before Completion, the Purchaser shall procure that the Settimo Lease is granted on the terms agreed between the parties and a subsidiary of Corning Inc. before Completion or between the Purchaser and a subsidiary of Corning Inc. after Completion and the Purchaser shall indemnify the Vendor against all Losses arising from the failure by the Purchaser to grant the Settimo Lease.
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Related to LEASE AT SETTIMO, ITALY

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