Lessee Obligations Sample Clauses

The Lessee Obligations clause defines the responsibilities and duties that the lessee must fulfill under a lease agreement. Typically, this includes requirements such as timely payment of rent, maintaining the leased property in good condition, complying with all relevant laws, and obtaining necessary insurance. For example, the lessee may be required to promptly report any damage or repairs needed and refrain from making unauthorized alterations to the premises. The core function of this clause is to clearly outline the lessee’s expected conduct, thereby protecting the lessor’s interests and ensuring the smooth operation of the lease arrangement.
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Lessee Obligations. The LESSEE, with full corporate and legal responsibilities, and under penalty of perjury, confirms that he is fully aware the courier of his financial ability and facilities with his bank when signing this LOI and/or other agreements and documents with the Provider. The Lessee further confirms that the Provider is authorized to verify the funds of each tranche of the Contract with his bank, if necessary. In the event of unsatisfactory verification, the transaction will be suspended immediately and the buyer is in breach of the Contract and liable for legal consequences.
Lessee Obligations. (i) To the extent that the transaction evidenced by the Lease Agreement, Purchase Agreement and other Operative Documents is treated as a loan by the Participants (through Lessor) to Lessee secured by the Property, with Lessee as owner of the Property pursuant to Paragraph 2.10, the Lessee Obligations shall be secured by the Real Property Collateral and the Personal Property Collateral (collectively, the "Property Collateral") as provided in Subparagraphs 2.07(a) and 2.07(b) of the Lease Agreement and in an Assignment of Construction Agreements in the form of Exhibit H, duly executed by Lessee (the "Assignment of Construction Agreements"). (ii) In addition to the Property Collateral, the Lessee Obligations shall be secured by a Cash Collateral Agreement in the form of Exhibit I, duly executed by Lessee (the "Cash Collateral Agreement") and Cash Collateral delivered to Agent or Participants pursuant to the Cash Collateral Agreement as provided below: (A) To the extent such Cash Collateral is not then held by Agent or Participants pursuant to the Cash Collateral Agreement, Lessee shall deliver to Agent or Participants pursuant to the Cash Collateral Agreement: (1) Cash Collateral in an amount not less than 100% of the total Tranche A Proportionate Share of the Outstanding Lease Amount at any time Lessee elects, pursuant to Subparagraph 3.02(l) of the Purchase Agreement, to exercise the Marketing Option after Lessor notifies Lessee that Lessor is terminating the Lease Agreement on a Termination Date that is prior to the Scheduled Expiration Date and the only basis for such early termination is the occurrence of a Non-Marketing Option Event of Default; and (2) Cash Collateral in an amount not less than 100% of the total Outstanding Lease Amount on or prior to August 31, 2002.
Lessee Obligations. (1) Lessee shall not cause or permit any Hazardous Material to be brought upon, kept or used in or about the based premises by Lessee, its agents, employees, contractors or invitees, without the prior written consent of Authority (which consent Authority shall not unreasonably withhold as long as Lessee demonstrates to Authority's reasonable satisfaction that such Hazardous Material is necessary or useful to lessee's business and will be used, kept and stored in a manner that complies with all laws regulating any such Hazardous Material). If Lessee breaches the obligations stated in the preceding sentence, or if the presence of Hazardous Material on the leased premises caused or permitted by Lessee results in contamination of the based premises or if contamination of the leased premises by Hazardous Material otherwise occurs for which Lessee is legally liable to Authority for damage resulting therefrom, then Lessee shall indemnify, defend and hold Authority harmless from any and all claims, judgments, damages, penalties, fines, costs, liabilities or leases (including, without limitation, diminution in value of the leased premises, damages for the loss or restriction on rentable or useable space or of any amenity of the leased premises, damages arising from adverse marketing of space and sums paid in settlement of claims, attorneys' fees, consultant fees and expert fees), which arise during or after the lease term as the result of such contamination. This indemnification of Authority by Lessee includes, without limitation, cost incurred in connection with any investigation of site conditions or any cleanup, remedial, removal or restoration work required by any federal, state, or local governmental agency or political subdivision because of Hazardous Material present in the soil or ground water on or under the based premises. Without limiting the foregoing, if the presence of any Hazardous Material on the leased premises caused or permitted by Lessee results in any contamination of the based premises, Lessee shall promptly take all actions at its sole expense as are necessary to return the based premises to the condition existing prior to the introduction of any such Hazardous Material to the leased premises;
Lessee Obligations. No express obligation imposed upon Lessee shall relieve it of any otherwise existing duty of exploration, development, operation, marketing or protection, except to the extent of direct conflict with such express obligation, and all such express obligations shall be construed as providing minimal standards only. In case of ambiguity, this Lease always shall be construed in favor of ▇▇▇▇▇▇ and against ▇▇▇▇▇▇.
Lessee Obligations. Lessee shall timely assume and perform any and all obligations of Lessor under any covenants, easements, and agreements affecting the title to the Premises and shall diligently comply with, at its own expense during the Term hereof, all Applicable Laws concerning the Premises or any part thereof, or the use thereof, whether or not such Applicable Laws require the making of structural alterations or the use or application of portions of the Premises for compliance therewith or interfere with the use and enjoyment of the Premises, the intention of the parties being with respect thereto that Lessee, during the Term hereby granted, shall discharge and perform all the obligations of Lessor, as well as all obligations of Lessee, arising as aforesaid, and indemnify, defend, pay and hold Lessor harmless for, from and against all such matters, so that at all times the Net Rent of the Premises shall absolutely be net to the Lessor without deduction or expenses on account of any such law, act, rule, requirement, order direction, ordinance and/or regulation whatever it may be.
Lessee Obligations. The Lessee(s) jointly and severally agree(s): A. To pay the rent on time, on or before the 1st day of the month, and to use the premises as a residence and not a business in compliance with all applicable laws and codes; * * * * B. To maintain the premises and common areas in a clean, neat and undamaged condition at all times, and to pay for damage caused to the premises and its common areas within five (5) days of receipt of the itemized statement of such damage and the cost to repair it. Damages caused by Lessee(s), Lessee's family or their guests to the premises or common areas may constitute sufficient grounds to terminate the tenancy at the sole option of the Lessor; C. To be liable for any loss or damage to personal property of the Lessee(s) except if caused by Lessor's gross negligence; Lessee shall carry adequate insurance to cover all losses or damage to Lessee's personal property; D. To keep the yard and common areas in a neat and safe condition, and to furnish and pay for tenant obligation: landlord obligation: E. To give prompt notice to the Lessor of any maintenance or repairs in writing or by telephone, and to notify the Lessor of an absence of more than one (1) week during the heating season. Any damage that is caused by Lessee(s)'s failure to timely notify Lessor shall be an expense chargeable to Lessee(s) as delineated in paragraph 4 (b); F. To make no alteration, painting application, addition, repair or improvement in or to the premises without the prior written permission of the Lessor and also to refrain from excessive use of nails and to refrain from any use of tape to suspend or hang any decorative or practical items; G. To use all appliances and fixtures provided by the Lessor in the proper manner and not to add or relocate any appliances or equipment without the prior written permission of the Lessor and to prohibit waterbeds, washing machines, air conditioners, space heaters, burglar alarms , clothes dryer, television antennas or aerials, shutters, or similar furnishings from the premises without Lessor's prior written consent, which may be granted or withheld at Lessor's sole and absolute discretion, and to be obligated to notify Lessor of any problem with the smoke detector (if provided), its maintenance, its condition, and its operation during the period of this lease. If during the term of this lease or any extension or any Tenancy-at-Will that may exist after the term of this Lease, any of the above items fails to operate or ...
Lessee Obligations. Lessee hereby agrees with Lessor that during the Term, it shall: 8.1 not cause or permit the Aircraft to be operated in any manner contrary to the operating limitations set forth in the Aircraft’s flight manual or any part thereof or contrary to any recommendation or regulation of the Air Authority. 8.2 comply with the requirements of the Brazilian and U.S. and/or other air authorities (including without limitation, any country to, from or over which the Aircraft may be flown in accordance with this agreement) which may be applicable to the operations under this Agreement. 8.3 neither create, nor permit to exist, any Security Interest upon the Aircraft or any parts thereof, nor do or permit to be done anything which may expose the Aircraft or any parts thereof to penalty, forfeiture, seizure, arrest, impounding, detention, confiscation, taking in execution, attachment, appropriation or destruction, nor abandon the Aircraft or any parts thereof. 8.4 not permit any act or omission which might jeopardize the rights of Lessor as owner of the Aircraft. 8.5 not permit the Aircraft to be operated by persons other than the pilots approved by Lessor, and not interfere in any way with such persons in the performance of their responsibilities, including without limitation operating and maintaining the Aircraft and maintaining accurate and complete records and reports in accordance with Lessor’s policies and FAA and Air Authority requirements and procedures. 8.6 cooperate with Lessor in keeping the Aircraft equipped with the engines, components, and rotables installed on the Delivery Date or with substitutes or replacements provided and installed by Lessor. 8.7 allow none but Lessor to service, repair, maintain, overhaul, test or cause the same to be done to the Aircraft in accordance with the Approved Maintenance Program. Lessee shall not interfere in any way with Lessor’s service, repair, maintenance, overhaul, test personnel in the performance of their responsibilities. 8.8 take all the necessary steps to cooperate with and assist Lessor to assure that each Aircraft is properly secured when parked or stored in a hangar to prevent damage, wear, vandalism or theft, and promptly provide to Lessor all reasonable requested assistance, personnel, services and equipment on a full cost base rate at its arms-length availability. 8.9 pay and discharge when due and payable all taxes, debts, damages, claims and liabilities of or payable by Lessee, and promptly pay all license ...
Lessee Obligations. THE LESSEE is obliged to meet the Internal Regulations of the Residential Complex, the Standards of the Community of Owners, such that should the Lessee fail to meet them the LESSOR will be empowered to terminate the lease contract, with the sole requirement of written notice.
Lessee Obligations. The Lessee, at its sole cost and expenses, shall be responsible for the repair and maintenance of the leased premises, including but not limited to the repainting of inner and outer walls, changing of lightbulbs, heating, ventilating and air conditioning system (HVAC) replacement, and restorations and replacement of frames, windows, accessory parts, and doors thereof. The Lessee shall be responsible for the safety and cleanliness of the leased premises, such as the removal of general and hazardous wastes in accordance with the local, state, and federal laws.
Lessee Obligations. Lessee shall, at Lessee’s own expense, keep the Premises, including all improvements, fixtures and furnishings therein, in good order, repair and condition at all times during the Lease Term. In addition, Lessee shall, at Lessee’s own expense but under the supervision and subject to the prior approval of Lessor, and within any reasonable period of time specified by Lessor, promptly and adequately repair all damage to the Premises and replace or repair all damaged or broken fixtures and appurtenances caused by the act or omission of Lessee or any of Lessee’s employees, contractors, agents, licensees and invitees; provided however, that, at Lessor’s option, or if Lessee fails to make such repairs, Lessor may, but need not, make such repairs and replacements, and Lessee shall pay Lessor the cost thereof, together with an additional ten percent (10%) of the cost thereof, as reimbursement to Lessor for all overhead, general conditions, fees and other actual costs or expenses arising from Lessor’s management and coordination of repairs and replacements upon being billed for same.