Lease of Real Property. The Subsidiary Trust as lessor is entering into leases with the Operating Partnership as lessee with respect to the Real Property.
Lease of Real Property. The Transferor does not own and has never owned any Real Property. Schedule 3.7 hereto is an accurate, complete, current, and complete list of each lease or sublease of Real Property to which the Transferor is a party or by which the Transferor may be bound and a description of the Real Property leased thereunder. With respect to each lease or sublease described on Schedule 3.7 hereto: (i) the Transferor has been in peaceful possession of the property leased thereunder and neither Transferor nor the landlord (to the knowledge of Transferor) is in default thereunder; (ii) no waiver, indulgence or postponement of any of the Obligations thereunder has been granted by the lessee or lessor thereunder; and (iii) there exists no event, occurrence, condition, or act known to Transferor which upon notice or lapse of time would be or become a default thereunder. The Transferor has not violated or breached any provision of any such lease or sublease, and all Obligations required to be performed by the Transferor under any such lease or sublease have been fully and properly performed. Except as set forth on Schedule 3.7 hereto, no Consent of any Person is required under any such lease or sublease in order for such lease or sublease to continue to be valid and subsisting and entitle Transferor to remain in possession of the premises demised thereunder after the consummation of the transactions contemplated by this Agreement. At or prior to Closing, the lease of the Real Property shall be amended to provide that the term of the lease shall be for five years, with two five-year renewals in the discretion of the lessee (provided that the lessee is not then in default of the lease), and the lease payments shall increase each year by the lesser of 3% or one-half of the increase for the preceding year in the consumer price index.
Lease of Real Property. (i) Except the Lease and Sublease Agreement stated in Appendix 2 hereto, the Company is not a Party to any lease, sublease, license or other legal documents in connection with the real property, and is not bound by such legal documents, and the Company has not executed any other legal documents in connection with the real property. Any rights and interests of the Company under the Lease and Sublease Agreement are free and clear of any kinds of liens, pledge and encumbrances.
(ii) All the leases and subleases executed by the Company (listed in Appendix 2) are in normal operation and fully effective. Except otherwise specified in Appendix 2, no amendments have been made to such leases and subleases. The Company has the right to benefit from all leases and subleases to which the Company is one Party.
(iii) Except otherwise specified in Appendix 2, all rents and other current owed expenses have been paid in accordance with all lease or sublease agreements to which the Company is a Party.
(iv) The Company has carried out all obligations under all lease or sublease agreements to which the Company is a Party; the Company has not breached the obligations under any lease or sublease agreement, and has not received notice of any breach under any lease or sublease agreement.
Lease of Real Property. (a) The Department hereby leases to the Corporation on an “as is” basis, subject to any Department obligation with respect to preexisting contamination as specified in Sections 4.2, 4.6 and 5.3 of this GCEP Lease and the Corporation’s obligations in Sections 4.3 and 4.4 of this GCEP Lease, that certain real property and improvements and fixtures located thereon, and easements, rights of way and appurtenances, utility lines, corridors, common walls, pipes, parking areas, service roads, railway lines, loading facilities, sidewalks, avenues of ingress, egress and access and all other similar items on the PORTS Site which appertain to such property and easements as identified and described in the maps and attachments which form Exhibit A to this GCEP Lease (“GCEP Leased Premises”). This GCEP Lease shall only become effective as to each facility or area (or portions thereof) identified in Exhibit A on the dates specified in Exhibit A, unless an alternate date is otherwise agreed to in writing by the Parties (“GCEP Lease Effective Date”). This GCEP Lease is subject to all existing easements, rights of way and appurtenances over, across, in, and upon the GCEP Leased Premises as of the GCEP Lease Execution Date. The Department will not grant any additional easements, rights of way or appurtenances over, across, in, and upon, the GCEP Leased Premises without the approval of the Corporation, which approval shall not be unreasonably withheld.
(b) It is recognized that the Corporation may need the right of access or the non-exclusive use of other areas, facilities, easements, rights of way, appurtenances, utility lines, corridors, common walls, pipes, parking areas, service roads, railway lines, loading facilities, sidewalks, avenues of ingress, egress and access and all other similar items on the PORTS Site which appertain to the GCEP Leased Premises but are not leased to the Corporation (“Nonexclusive Easements and Rights-of-Way”). Prior to the Corporation’s commencement of construction of the Commercial Plant, the Corporation shall identify the Nonexclusive Easements and Rights-of-Way needed for access or non-exclusive use, and upon agreement of the Parties, and subject to notice and procedures to be agreed upon by the Department and the Corporation, a list of these Easements and Rights-of-Way shall be appended to this GCEP Lease as Exhibit D. The list of Easements and Rights-of-Way shall be amended by the Parties from time to time to reflect changes to PORTS and a...
Lease of Real Property. The Seller shall lease to Buyer the real property upon which the Premises, currently occupied by Seller, are located. At the closing, Buyer shall enter into a lease agreement with Seller for the Premises currently occupied by the Seller in the form attached hereto as Exhibit “D” (the “Lease”). The monthly rent shall be $2,500 triple net for a period of three (3) years subject to commercially reasonable and customary terms with a renewal option for an additional three (3) years at a rental of $3,000 per month..
Lease of Real Property. All of ETSI's right, title and interest in and to the lease dated September 30, 1996, as modified, of the land and buildings, improvements and fixtures located at Route 0, Xxxxxxxx Xxxxx, Xx. Xxxxxxxxx, XX 00000 in which facility ETSI conducts its business (the "Lease"). The Lease is between ETSI as tenant and St. Johnsbury Development Fund, Inc. as landlord. (The real property, improvements and fixtures which are the subject of the Lease are referred to as the "Real Property");
Lease of Real Property. 18 2.06 Employee Employment Agreements .............................. 18
Lease of Real Property. Assignment of Lease Agreement for the premises of the Seller substantially in the form of EXHIBIT E;
Lease of Real Property. All rights as a sub-lessee under the lease of real property, together with the benefit of use of all leasehold improvements relating thereto, including, without limitation, all rights under the lease described in Schedule 1;
