Lease Matters. Buyer shall have received assignments, subleases and waiver/estoppel certificates executed by Seller and/or each landlord with respect to Seller’s Real Property described on Schedule 8.1.20 (the “Assigned or Sublet Leaseholds”).
Lease Matters. SmartLabs represents and warrants to Licensee that no consent of the Landlord under the Lease is required for the execution of this Agreement or the performance of SmartLabs’ obligations and the exercise of Licensee’s rights under this Agreement. SmartLabs covenants to maintain the Lease in full force and effect for the Term of this Agreement. LICENSEE UNDERSTANDS AND ACKNOWLEDGES THAT THIS AGREEMENT DOES NOT GRANT ANY INTEREST IN REAL PROPERTY. RIGHTS UNDER THIS AGREEMENT ONLY CONSTITUTE A LICENSE FOR USE OF THE LICENSED PREMISES AND DO NOT INVOLVE THE GRANT OF ANY INTEREST IN REAL ESTATE. LICENSEE SPECIFICALLY DISCLAIMS ANY RIGHTS TO SUMMARY PROCESS AND, PROVIDED THAT SMARTLABS COMPLIES WITH ALL OBLIGATIONS (INCLUDING WITHOUT LIMITATION NOTICE AND CURE REQUIREMENTS) HEREUNDER, EXPLICITLY PERMITS SMARTLABS TO USE SELF-HELP REMEDIES PROVIDED THAT SUCH SELF-HELP REMEDIES DO NOT BREACH THE PEACE.
Lease Matters. The lessor of the Company's Wheeling, Illinois ------------- facility shall have consented to the assignment of the lease relating to the premises from the Company to DoveBid.
Lease Matters. The Leases listed on Exhibit A—Part 1 are to be transferred to Buyer as part of the sale of the Assets. To the extent any Lease constitutes an executory contract or unexpired lease of real property under Section 365 of the Bankruptcy Code, such Lease shall be assumed by Seller and assigned by Seller to Buyer pursuant to Section 365 of the Bankruptcy Code.
Lease Matters. DoveBid shall have executed fair market rental leases ------------- of the Companies' Mequon, Wisconsin facilities on terms deemed acceptable to DoveBid.
Lease Matters. DoveBid shall have executed a triple net lease of the ------------- Company's facilities at 1066 and 0000 Xxxxx Xxxxx Avenue, Mountain View, California having a term of two years at a fair market monthly rent not to exceed $15,000 and $2812.50, respectively, and upon such other terms deemed acceptable to DoveBid.
Lease Matters. Prior to the Closing Date, Seller shall use commercially reasonable efforts to assign (i) the Columbia Leases and (ii) the San Antonio Lease to the Company Subsidiary, in each case, by an assignment and assumption agreement in form and substance reasonably satisfactory to Seller and Purchaser, in each case duly executed by the parties thereto (each a “Lease Assignment”), and shall promptly notify Purchaser once these assignments have taken place. Prior to the Closing Date, Seller shall request from the landlord under each Lease an estoppel certificate in a form reasonably satisfactory to Seller, Purchaser and the landlord. For the avoidance of doubt, obtaining such estoppel certificate is not a condition to the Closing.
Lease Matters. Greenwich shall have terminated its existing real estate lease at 000 Xxxx Xxxxxx, Xxxxxxxx, Xxxxxxxxxxx and DoveBid shall have executed a lease at the location pursuant to terms deemed acceptable to DoveBid.
Lease Matters. The lessors of the Company's existing facilities in ------------- Alpharetta, Georgia and Augusta, Georgia shall have consented to assignment of the respective leases relating to such premises from the Company to DoveBid at a fair market rent and on commercially reasonable terms.
