Leasehold Terms Sample Clauses

Leasehold Terms. If this Security Instrument is on a leasehold, Borrower will comply with all the provisions of the lease. If Xxxxxxxx acquires fee title to the Property, the leasehold and the fee title will not merge unless Xxxxxx agrees to the merger in writing.
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Leasehold Terms. If I do not own but am a tenant on the Property, I will fulfill all my obligations under my lease. I also agree that, if I subsequently purchase or otherwise become the owner of the Property, my interest as the tenant and my interest as the owner will remain separate unless Xxxxxx agrees to the merger in writing.
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Leasehold Terms. A. DEFINITIONS (AMA 2.1 S) The following words in this Exhibit B, and Table 1, attached hereto and incorporated herein, have the significance attached to them in this clause unless otherwise apparent from context:
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Leasehold Terms. If this Security Instrument is on a leasehold, Borrower will comply with all the provisions of the lease (the “Lease”). Before Borrower acquires fee title to the Property, Borrower must notify Lender and obtain Xxxxxx’s agreement to the acquisition in writing.
Sample 1
Leasehold Terms. We are instructed to market for sale our clients long leasehold interest. The leasehold is for a period of 150 years running from 27th July 2015 until 26th July 2165. The current passing rent is £484,950 pa with the next rent review due 27/07/2025 (5 yearly). Full details of leasehold available on request. SUB TENANCIES Address Floor Areas (sq ft) Total NIA (sq ft) Tenant Commencement Date Expiry Date Rent Passing (£ pa) Comments 67/00 Xxxxxxxxxxx Xx. Ground Floor - 18,615 Basement - 20,067 1st Floor - 15,763 2nd Floor - 16,032 3rd Floor - 1,829 72,306 Vacant 66/00 Xxxx Xxxxxx Ground Floor - 8,178 Basement - 8,447 1st Floor - 6,833 2nd Floor - 8,285 3rd Floor - 8,339 40,082 Vacant 00 Xxxxxxxxxxx Xxxxxx Ground Floor - 1,560 1st Floor - 646 2,206 Giftshub Ltd. 01/10/2022 Mutual break rolling 27,000 Tenant has signed the new agreement Formal to sign to complete 00 Xxxxxxxxxxx Xxxxxx Ground Floor - 3,443 1st Floor - 5,165 2nd Floor - 6,725 15,333 Giftsford- decoration Ltd 01/10/2022 Mutual break rolling 36,000 Tenant has signed the new agreement Formal to sign to complete 00 Xxxxxxxxxxx Xxxxxx Ground Floor - 915 Basement (Sales) - 5,595 6,510 Mountain Warehouse 01/02/2016 31/01/2026 72,500 TOTAL CURRENT INCOME 135,500 Formal Investments obtained detailed planning consent for a mixed use development including circa 13,000sqm office development, and retail and commercial space at the end October 2017 (Planning App No: 16/02028/DC). This consent has been extended through emergency Coronavirus Planning Regulations and remains extant until 31st March 2023. In 2021 Formal Investments acquired interest from a retail occupier with specific occupational requirements. Given the lack of an original decision notice for the building pre-dating BHS occupation, for good practice Formal Investments applied for Class 1 use to ascertain fresh certainty on matters related to use, hours of occupation, servicing etc. This application (Planning App No:21/00612/FUL) was consented on 4th June 2021. In terms of future development, the site is a key regeneration opportunity and will be suitable for a variety of uses. The reimagination of Sauchiehall Street remains a priority for Glasgow City Council, who will be keen to engage positively. For any planning enquiries please contact the planning agent Xxxxxx Xxx, Ryden, xxxxxx.xxx@xxxxx.xx.xx, 07894 605 375 8 Planning Glasgow City Centre INVERNESS ABERDEEN PERTH STIRLING DUNDEE GLASGOW EDINBURGH 67-97 Floor Plans F-S 3060 F-BH 1805 DP F-B...
Sample 1

Related to Leasehold Terms

  • New Lease In the event of the termination of this Lease as a result of Tenant's default prior to the expiration of the term, or in the event of a rejection by Landlord or Tenant of this Lease under Chapter 11 of the Bankruptcy Code, Landlord shall, in addition to providing the notices of default and termination as required by this Lease, provide each Leasehold Mortgagee with written notice that the Lease has been terminated or that Landlord has filed a request with the Bankruptcy Court seeking to reject the Lease, together with a statement of all sums which would at that time be due under this Lease but for such termination or rejection, and of all other defaults, if any, then known to Landlord. Upon any request of the Leasehold Mortgagee, or its designee, Landlord agrees to enter into a new lease ("New Lease") of the Premises with such Leasehold Mortgagee or its designee for the remainder of the term of this Lease, effective as of the date of termination or rejection, as the case may be, at the Rent, and upon the terms, covenants and conditions (including all transfer rights, but excluding requirements which are not applicable or which have already been fulfilled) of this Lease; provided, however, that (i) the Leasehold Mortgagee whose lien upon the Premises is superior to the lien of any other Leasehold Mortgage (the "Senior Leasehold Mortgagee") shall have the right to give notice of its intent to enter into a New Lease to the Landlord for a period of 60 days from its receipt of the notice referred to in the first sentence of this Section 18.2.18 and (ii) if the Senior Leasehold Mortgagee does not exercise its right to enter into the New Lease during this 60-day period; the Leasehold Mortgagee whose lien upon the Premises is superior to the lien of any other Leasehold Mortgage (other than the Senior Leasehold Mortgagee) shall have the right to give notice of its intent to enter into a New Lease to the Landlord during the remainder of the period(s) specified below; and provided further, however,

  • Leases The Property is not subject to any leases other than the Leases described in the rent roll attached hereto as Schedule V and made a part hereof. Borrower is the owner and lessor of landlord’s interest in the Leases. No Person has any possessory interest in the Property or right to occupy the same except under and pursuant to the provisions of the Leases. The current Leases are in full force and effect and, to the best of Borrower’s knowledge, (a) there are no defaults thereunder by either party and (b) there are no conditions that, with the passage of time or the giving of notice, or both, would constitute defaults thereunder. No Rent (including security deposits) has been paid more than one (1) month in advance of its due date. To the best of Borrower’s knowledge, all work to be completed by Borrower prior to the date hereof under each Lease has been performed as required and has been accepted by the applicable tenant, and any payments, free rent, partial rent, rebate of rent or other payments, credits, allowances or abatements required to be given by Borrower to any tenant has already been received by such tenant. There has been no prior sale, transfer or assignment, hypothecation or pledge of any Lease or of the Rents received therein. To the best of Borrower’s knowledge, no tenant listed on Schedule I has assigned its Lease or sublet all or any portion of the premises demised thereby, no such tenant holds its leased premises under assignment or sublease, nor does anyone except such tenant and its employees occupy such leased premises. No Tenant under any Lease has a right or option pursuant to such Lease or otherwise to purchase all or any part of the leased premises or the building of which the leased premises are a part. No Tenant has no right or option for additional space in the Improvements. Except as otherwise disclosed by the Environmental Report (as defined in the Mortgage), no hazardous wastes or toxic substances, as defined by applicable federal, state or local statutes, rules and regulations, have been disposed, stored or treated by any tenant under any Lease on or about the Property nor does Borrower have any knowledge of any Tenant’s intention to use its premises for any activity which, directly or indirectly, involves the use, generation, treatment, storage, disposal or transportation of any petroleum product or any toxic or hazardous chemical, material, substance or waste. True, correct and complete copies of the Leases have been provided to Lender and such Leases have not been modified or amended in any way.

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