Leases and Agreements Sample Clauses
The "Leases and Agreements" clause defines the rights and obligations of the parties regarding any leases or contractual agreements related to the subject property. It typically outlines which leases are in effect, the process for transferring or assigning these agreements, and the responsibilities for notifying tenants or third parties. This clause ensures that all parties are aware of existing commitments and provides a clear framework for handling ongoing agreements, thereby preventing disputes and ensuring continuity of obligations after a transaction or change in ownership.
Leases and Agreements. From and after the Effective Date, Seller shall not enter into any new leases or other occupancy agreements for the Property without first obtaining Buyer's advance written consent which shall not be unreasonably withheld prior to the expiration of the Contingency Period but may be withheld in Buyer's sole and absolute discretion after the expiration of the Contingency Period. From and after the Effective Date, Seller shall not terminate or amend any of the Leases or Approved Contracts or any other agreement concerning the Property, without Buyer’s advance written consent, which consent shall not be unreasonably withheld prior to the expiration of the Contingency Period but may be withheld in Buyer's sole and absolute discretion after the expiration of the Contingency Period, and Seller shall continue to perform all of its obligations under the Leases and Approved Contracts. If Seller requests Buyer’s consent to any new lease or other occupancy agreement or amendment to any existing Lease, Seller shall be required to provide Buyer with a reasonably detailed written summary of all of the material terms the proposed transaction along with an itemized list of all Tenant Inducement Costs which will be incurred in connection with the proposed transaction. Buyer shall give Seller written notice of approval or disapproval of a proposed new lease or other occupancy agreement or amendment to any existing Lease within ten (10) days after Buyer’s receipt of the items described above. If Buyer does not respond to Seller’s request within such time period, then Buyer will be deemed to have disapproved such new lease or other occupancy agreement or amendment to any existing Lease.
Leases and Agreements. Between the date of this Agreement and the Closing, Seller, shall maintain all relevant insurance policies and shall not, without Buyer’s prior written consent: (a) enter into a lease or tenancy or occupancy agreement with respect to the Property or portion thereof, (b) enter into, amend, renew, terminate or extend any agreement affecting the Property, except for those agreements to be terminated as set forth in this Agreement; or (s) negotiate the terms of or enter into any lease or other agreement with any person or entity for the delivery of water from the Property.
Leases and Agreements. The rights of the Companies --------------------- arising under the "Assumed Contracts", as defined in Section 5.11(a) hereof, including specifically, the Leases and other agreements specifically listed or referred to on Schedule 5.11(a) hereto and indicated by asterisk, including any renewals, extensions, amendments or modifications thereof.
Leases and Agreements. With respect to the Basic Documents, Seller or, to the best of Seller's knowledge, a predecessor in interest of Seller has fulfilled all requirements applicable to Seller for filings, certificates, disclosures of parties in interest, and other similar matters contained in leases and other instruments (or otherwise applicable thereto by law, rule or regulation) and Seller is fully qualified to own and hold the interest of Seller therein.
Leases and Agreements. Seller represents to Buyer the following:
(a) The Building is vacant and there are no leases or other rights of occupancy in effect with respect to the Premises.
(b) There are no material agreements with respect to the maintenance or operation of the Premises which will survive the Closing. All service contracts and agreements relating to the premises will be terminated prior to Closing. All representations set forth within this Section 6.3 (a) and (b) shall survive Closing for a one year period from the date of Closing.
Leases and Agreements. The rights of ABC arising under --------------------- all contracts and agreements to which it is a party, including any renewals, extensions, amendments or modifications thereof (including, without limitation, the Assumed Contracts).
Leases and Agreements. There are no leases, contracts of sale or other unrecorded agreements affecting the Property or any part thereof.
Leases and Agreements. Ohio Cumberland is the current owner of a certain Option to Lease and Drilling Agreement between Ohio Cumberland, Ohio Power Company, and Franklin Real Estate Company, dated January 4, 2004, which provides, in part, a five year option to acquire a coalbed methane lease covering approximately 110,000 gross acres of land within the Cumberland Prospect Area, which are depicted in yellow on Exhibit A and which are more particularly described on Exhibit B hereto. The Option to Lease and Drilling Agreement (“Option Agreement”) and the proposed form Coal Bed Methane Lease document (“Lease Form”) are identified on Exhibit B. The Option Agreement and the Lease Form are, sometimes, collectively referred to as the “Leases and Agreements.”
Leases and Agreements. All leases, subleases and other agreements, whether or not in writing, affecting the use, enjoyment or occupancy of the Granted Property or any portion thereof now or hereafter made including, without limitation, the Grantor’s rights to received all rents and other payments under the Team Lease, together with any extension, renewal or replacement of the same (collectively, the “Leases”), this assignment of the Leases being effective without further or supplemental assignment.
Leases and Agreements. [Describe by title, parties and date and list patented and unpatented mining claims (with information described in 2 and 3 below) and other properties subject thereto]