Leasehold Interest. When a person doesn't own the property but is a tenant under a lease, that person has a leasehold interest. The leasehold interest doesn't include other rights of the tenant, for example, an option to renew or purchase.
Leasehold Interest. Concurrently with the Closing, Buyer, as landlord, shall lease the Properties to Seller, as tenant, pursuant to certain Lease Agreements (“Leases”), which Leases substantially shall be in the form of Exhibit “B” attached hereto and incorporated herein by this reference. The Properties leased under each Lease shall have an Appraised Value (as defined below) of not more than [***].
Leasehold Interest. (1) This Schedule 4 does not grant to the Licensee a leasehold interest in the Premises. The parties agree that:
(a) subject to any contrary terms of this document, the Licence does not confer exclusive possession of the Premises on the Licensee; and
(b) the Licensee may not exclude the Owner, its officers, employees and invitees from:
(i) entry onto the Premises; and/or
(ii) the performance of any works on the Premises; provided that such entry onto and/or performance of work on the Premises does not unreasonably interfere with the conduct of the Purpose; and
(2) the Licensee does not have any right to quiet enjoyment of the Premises; and
Leasehold Interest. (a) Any rent, premium, administrative fees and all other fees payable to the IIAC or any Governmental Agency in respect of the Leasehold Interest (save and except any fees not yet due to be paid) have been duly paid up to date, and the terms and conditions reserved and contained in the Implementation Agreement have been observed and performed up to date to the extent that failure to do so would have or be reasonably likely to have a Material Adverse Effect.
(b) The Senior Borrower has not varied or modified any of the Leasehold Interest or agreed to or permitted any such variation or modification, except pursuant to the Amendment to the Implementation Agreement.
(c) No notice has been received by the Senior Borrower from any Governmental Agency (or any person acting on its behalf) in respect of an unremedied breach of any applicable law, regulation or covenant which would reasonably be expected to materially and adversely affect the Leasehold Interest.
Leasehold Interest. ALL THAT PART OF THE NORTHWEST 1/4 OF SECTION 23, TOWNSHIP 139 NORTH, RANGE 81 WEST OF THE FIFTH PRINCIPAL MERIDIAN, XXXXXX COUNTY, NORTH DAKOTA DESCRIBED AS FOLLOWS: BEGINNING AT A POINT THAT LIES NORTH 0 DEGREES 15 MINUTES 39 SECONDS EAST ALONG THE WEST LINE OF SAID NORTHWEST 1/4 OF SECTION 23 A DISTANCE OF 1417.50 FEET AND NORTH 90 DEGREES 00 MINUTES 00 SECONDS EAST A DISTANCE OF 591.92 FEET FROM THE SOUTHWEST CORNER OF THE NORTHWEST 1/4 QUARTER OF SECTION 23; THENCE FROM SAID POINT OF BEGINNING NORTH 0 DEGREES 00 MINUTES 00 SECONDS EAST A DISTANCE OF 334.71 FEET; THENCE NORTH 90 DEGREES 00 MINUTES 00 SECONDS EAST A DISTANCE OF 312.05 FEET; THENCE SOUTH 0 DEGREES 00 MINUTES 00 SECONDS WEST A DISTANCE OF 334.71 FEET; THENCE SOUTH 90 DEGREES 00 MINUTES 00 SECONDS WEST A DISTANCE OF 312.05 FEET TO THE POINT OF BEGINNING. THE ABOVE DESCRIBED TRACT CONTAINS 2.40 ACRES, MORE OR LESS.
Leasehold Interest. In the event of physical loss or damage of the type insured against by this “Memorandum” to real property of the type insured by this “Memorandum,” which is leased by “You,” this “Memorandum” is extended to cover:
(1) If as a result of such loss or damage the property becomes wholly un-tenable or unusable and the lease agreement requires continuation of the rent, “We” shall indemnify “You” for the actual rent payable for the unexpired term of the lease; or
Leasehold Interest. (a) The Borrower shall procure that the Senior Borrower shall:
(i) comply with all laws and regulations to which the Leasehold Interest may be subject where failure to do so has or is reasonably likely to have a Material Adverse Effect;
(ii) pay all rent, premium, administrative fees and all other fees payable to the IIAC or any Governmental Agency in respect of the Project and the Leasehold Interest as and when the same shall become payable under the Implementation Agreement or applicable law or regulation where failure to do so has or is reasonably likely to have a Material Adverse Effect;
(iii) comply with all relevant building, planning, and similar regulations and restrictions from time to time affecting the Project or any part thereof and any covenants and restrictions of a like nature in respect of the Leasehold Interest where failure to do so has or is reasonably likely to have a Material Adverse Effect; and
(iv) notify the Agent of any actionable breach or default of the Implementation Agreement by the IIAC or the Senior Borrower and if any material dispute in relation to the Leasehold Interest arises or if the IIAC threatens to terminate the Leasehold Interest, promptly upon becoming aware of such matter.
(b) The Borrower shall procure that the Senior Borrower shall preserve and enforce the Leasehold Interest in a proper and timely manner unless it is in the interests of good project management and commercially prudent not to do so.
(c) The Borrower shall procure that the Senior Borrower shall not:
(i) agree to any amendment or supplement or any surrender of any of the Leasehold Interest;
(ii) exercise any right to break or determine the Leasehold Interest; or
(iii) do or allow to be done any act as a result of which its land use rights of the Property may become liable to be terminated, where failure to do so has or is reasonably likely to have a Material Adverse Effect.
Leasehold Interest. All of CC's rights, title and interests in, to and under (i) the Ground Lease and (ii) the Improvements (collectively, the "Leasehold Interest"). The Land and the Improvements are collectively referred to herein as the "Real Property".
Leasehold Interest. This deed does not grant to the Licensee a leasehold interest in the Land. The parties agree that:
2.2.1 the Licence does not confer exclusive possession of the Land on the Licensee;
2.2.2 the Licensee may not exclude the Licensor, its officers, employees and invitees from:
(a) entry onto the Land; and/or
(b) the performance of any works on the Land; provided that such entry onto and/or performance of work on the Land does not unreasonably interfere with the activities being carried out on the Land by the Licensee;
2.2.3 the Licensee does not have any right to quiet enjoyment of the Land; and
2.2.4 the Licensee will not at any time seek to enforce an interest in the Land in competition with the interest held by the Licensor.
Leasehold Interest. (a) This Agreement does not grant to the Licensee a leasehold interest in the Land. The Parties agree that:
(i) the Licence does not confer exclusive possession of the Land on the Licensee;
(ii) the Licensee may not exclude the Licensor, its officers, employees and invitees from:
(A) entry onto the Land; and
(B) the performance of any works on the Land, provided that such entry onto and/or performance of work on the Land does not unreasonably interfere with the activities being carried out on the Land by the Licensee;
(b) the Licensee does not have any right to quiet enjoyment of the Land; and
(c) the Licensee will not at any time seek to enforce an interest in the Land in competition with the interest held by the Licensor.
