Lease Contingencies Clause Samples

Lease Contingencies. This Lease shall be conditioned and contingent upon the occurrence of the following event: within ten (10) days from the Effective Date hereof, Landlord's mortgagee(s) and other lenders have approved this Lease and the Tenant (including but not limited to Tenant's financial condition).

Lease Contingencies. (a) Landlord has advised Tenant that, as of the Effective Date, the Land is owned by the Philadelphia Authority for Industrial Development (“PAID”) and that Landlord anticipates entering into a Sales and Development Agreement with PAID (the “Agreement of Sale”) which shall set forth, among other things, (i) PAID’s agreement to sell, and Landlord's agreement to purchase, the Land, (ii) PAID’s agreement to sell, and Landlord’s agreement to purchase, the Brig Site, and (iii) the agreement by PAID and Landlord to enter into a reciprocal easement agreement to provide for, among other things, access rights for Landlord and Tenant to and from the Land and the Brig Site across the Navy Yard and portions thereof, utility services across adjacent lands of the City of Philadelphia and the payment of common area maintenance by Landlord for such access and utility rights. Accordingly, Landlord may terminate this Lease if the Agreement of Sale is not fully executed by PAID and Landlord on or before the date that is sixty (60) days after the Effective Date. (b) Landlord may terminate this Lease if Tenant shall not have delivered the Interim LC to Landlord, as contemplated in Section 27, within five (5) Business Days after the Effective Date. (c) Landlord may terminate this Lease if Tenant shall not have delivered the Final LC to Landlord, as contemplated in Section 27, on or before July 30, 2007. (d) Landlord may terminate this Lease if, on or before the date that is thirty (30) days after the Effective Date, Landlord (or Landlord’s Affiliate) and Tenant have not entered into a lease for approximately 35,000 square feet of office space in an office building to be constructed by an Affiliate of Landlord in the Navy Yard and commonly known as Three Crescent Drive; (e) Landlord may terminate this Lease if any of the following do not occur on or before June 30, 2007: (i) PAID or the Philadelphia Industrial Development Corporation (“PIDC”) shall have received an “Invitation to Apply” (or other evidence reasonably satisfactory to Landlord) for not less than $4,000,000.00 (consisting of $2,000,000 from the Governor’s office and $2,000,000 from the State caucuses) toward the Project under the Pennsylvania Redevelopment Assistance Capital Program or equivalent funding acceptable to Landlord (collectively “RACP”); (ii) The Project shall have received all approvals of the City Council of Philadelphia (including the passage of any applicable city ordinance) and the board of director...

Lease Contingencies. 29 49. ASSOCIATION..................................................... 29

Lease Contingencies. In addition to the contingencies set forth in Section 5 of the attached Purchase and Sale Agreement, the Buyer's obligation to purchase the Property shall be contingent on the full execution of a Lease between Seller and Noetix Corporation ("Noetix") in substantially the form attached hereto as Exhibit B (the "Noetix Lease"), prior to the end of the contingency period set forth in Section 5 above.

Lease Contingencies. Notwithstanding any language to the contrary in this Lease, Tenant acknowledges and agrees that if this Lease is executed and delivered prior to its approval by Master Landlord that the continued effectiveness of this Lease is conditioned on receipt of the written approval of this Lease by Master Landlord through the Board of County Commissioners or its designated representative, and such approval is not subject to any appeal or other contest. In the course of obtaining Master Landlord’s approval of this Lease, Landlord and Tenant shall jointly address any concerns raised by Master Landlord’s designated representative and reasonably cooperate in amending this Lease, if needed, so as to obtain such approval as soon as practicable. Any delay in obtaining Master Landlord’s written approval of this Lease shall constitute a Force Majeure event. Notwithstanding any language to the contrary in this Lease, Tenant acknowledges and agrees that if this Lease is executed and delivered prior to the Approval Date (as defined in the Master Lease) and prior to the full execution and delivery of the Master Lease, that the continued effectiveness of this Lease is conditioned on the occurrence of the Approval Date (and such approval is not subject to any appeal or other contest) and on the full execution and delivery of the Master Lease.

Lease Contingencies. NBLLC’s obligations under the Expansion Lease will be subject to the following conditions precedent: 1. NBLLC acquiring fee title to the Expansion Property pursuant to the City Option Agreement (or such portion thereof as is necessary to construct the Expansion Building, parking areas and ancillary site improvements pursuant to final governmentally approved plans for same). 2. NBLLC obtaining all necessary permits and approvals for the construction of the Expansion Building, parking areas and ancillary site improvements upon the Expansion Property from the City and other governmental and quasi-governmental authorities having jurisdiction, including without limitation building permits and permits to construct a skyway access between the Expansion Building and the Headquarters Building, Minnesota Pollution Control Agency (“MPCA”) approvals, and approvals from the watershed district having jurisdiction over the Expansion Property. 3. Transoma timely performing its obligations under the Expansion Lease, subject to applicable cure periods provided therein, and under this Agreement, including without limitation, Section 3 hereof (the terms of which shall be included in the Expansion Lease). The Expansion Lease will further provide that if NBLLC is not able to fulfill or satisfy the foregoing contingencies, then NBLLC may terminate the Expansion Lease by written notice to Transoma, and upon receipt of such written notice from NBLLC, so long as NBLLC was not able to satisfy the foregoing conditions due to a reason other than Transoma’s default under the Lease or this Agreement beyond applicable cure period, Transoma shall have the right to demand delivery from the escrow agent, of the assignment described in 1.8.

Lease Contingencies. At the discretion of Lessor or ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇, this Lease is contingent upon all tenants having a favorable credit history or at least one responsible and credit-worthy parent or American adult co-sign the Lease by completing and returning the below "Cosigner To Lease" Form along with a photo copy of the cosigner’s driver’s license or some other type of photo identification. At Landlord's discretion, adding any new Tenants or sublettors to this lease is contingent upon Lessor paying the $50 nonrefundable Application Fee and completing favorable processing of the one-page NCS Credit/Rental Application Form.

Lease Contingencies. If any one of the following does not occur, this Lease shall be null and void and neither the Landlord nor the Tenant shall have any further obligation to the other and neither shall be liable to the other for any damages: a. Approval by the Utilities Commission for Landlord or its designee to become qualified to operate private utilities for a spray irrigation septic field to both the Center and the Outparcels and by the Division of Water Quality for the well; and issuance of the appropriate permits to provide the capacity needed for the Shopping Center and the Outparcels; or b. Approval of this Lease by Landlord’s lender; or c. Applicable regulatory approvals for the Bank of Oak Ridge to operate within Oak Ridge Commons.

Lease Contingencies. 5.1 This Lease Agreement is herein made expressly contingent upon Landlord obtaining preliminary major site plan approval, together with any required variances and/or waivers on or before February 28, 2000, from the Union Township, Hunterdon County, New Jersey Planning Board, PROVIDED, HOWEVER, that this contingency, at Landlord’s option, may be extended to March 31, 2000 in the event said extension is deemed necessary for approval, the preliminary site plan application has been deemed complete by said Planning Board and the statutorily required public hearing is in progress or has been scheduled. 5.2 This Lease Agreement is herein made expressly contingent upon Landlord obtaining a building/construction permit as required to construct the Building and associated site improvements constituting the subject matter of the Union Township Planning Board preliminary site plan approval, on or before April 1, 2000, PROVIDED, HOWEVER, in the event that any third party approvals and/or permits constituting pre-requisites to obtaining the required building/construction permit, including but not limited to Hunterdon County Planning Board approval, New Jersey Department of Environmental Protection Approval, Hunterdon County Soil Conservation District approval, Hunterdon County Health Department approval and New Jersey Department of Transportation access permit, has not been obtained on or before April 1, 2000, then in that event this contingency period shall be extended to June 1, 2000. Landlord agrees to commence construction with fifteen (15) days of obtaining the required building/construction permit. The contingency period in this Paragraph 5.2 shall not be extended beyond June 1, 2000 by reason of Paragraph 31.1 of this Lease, notwithstanding anything .therein to the contrary. In addition, Landlord shall not have the right to terminate this Lease as provided herein in order to lease a building of 50,000 or more square feet to another tenant, and if this Lease is terminated by Landlord in accordance with this Paragraph 5.2 Landlord covenants, for a period of not less than one (1) year following termination of this Lease, not to enter into any lease or leases of all or any part of the Leased Premises of 50,000 or more square feet, which covenant shall survive termination of this Lease. The provisions of the immediately preceding sentence shall govern notwithstanding Paragraph 5.5. 5.3 This Lease Agreement is herein made expressly contingent upon Landlord obtaining t...