Lessee’s Lender Sample Clauses

Lessee’s Lender. Upon an event of default under the loan documents between Lessee and Lessee’s Lender, or the Lease, Lessee’s Lender shall be fully entitled to exercise its rights against the Communications Site Facilities prior to the exercise by State of any rights which it may have therein, including entry upon Lease Area and removal of the Equipment free and clear of State’s lien and security interest.
Sample 1
Lessee’s Lender. (a) Lessor acknowledges that Lessee may obtain loan(s) (together with any subsequent refinancings or financings, a “Loan”) from a lender (“Lender”) to finance the acquisition and/or redevelopment of the Project, and that Lessee may assign its rights under this lease as collateral for a Loan. (b) Lessor shall send to Lender by certified mail, a true, correct and complete copy of any notice to Lessee of a default by Lessee under the lease at the same time as and whenever any such notice of default shall be given by Lessor to Lessee, addressed to Lender at the address set forth in subsection (c) below, or to such other address furnished in writing to Lessor by Lessee or Lender. No notice by Lessor shall be deemed to have been given unless and until a copy thereof shall have been so given to and received by Lender. Lessee irrevocably directs that Lessor accept, and Lessor agrees to accept, performance and compliance by Lender of and with any term, covenant, agreement, provision, condition or limitation on Lessee’s part to be kept, observed or performed under the lease with the same force and effect as though kept, observed or performed by Lessee. Lender: XXXXX FARGO BANK, NATIONAL ASSOCIATION RPMG-Richmond 0000 X. Xxxx Street, 8th Floor Richmond, Virginia 23219-4058 Attn: Xxxxxx X. Xxxxxx, Vice President, and Loan Administration Manager Loan #: 1007482 With a copy to: XXXXX FARGO BANK, NATIONAL ASSOCIATION Winston-Salem Loan Center Xxx Xxxx Xxxxxx Xxxxxx, 0xx Xxxxx Xxxxxxx-Xxxxx, XX 00000 Loan # 1007482 (c) For so long as the Lender is Xxxxx Fargo Bank, National Association, Lender’s address for notices is as follows: ; provided that Lender may designate a different address by giving Lessor written notice of the change. (d) Notwithstanding anything stated to the contrary in the lease, the lease shall not be terminated because of a default or breach thereunder on the part of Lessee until and unless: (i) written notice of any such default or breach has been delivered to Lender in accordance with the provisions of Section 30(b) above; (ii) with respect to a default or breach that is curable solely by the payment of money, Lender has not cured such default or breach within fifteen (15) days following the expiration of any of Lessee’s notice and cure periods set forth in the lease; and (iii) with respect to a default or breach that is not curable solely by the payment of money, Lender has not cured such default or breach within thirty (30) days following the expira...
Sample 1
Lessee’s Lender. LESSEE intends to procure financing which will be secured by various articles of personal property, including inventory and equipment to be located in and upon the Leased Premises (the "Secured Personalty"), which Secured Personalty is to be covered by or described in one or more security agreements made and entered into by LESSEE. LESSOR agrees that none of the aforesaid collateral which is the subject of any security agreements granting a security interest to any of such lenders shall be subject to a claim for Rent or liable for any lien, right or claim of LESSOR that is senior to the claim of the lender. Furthermore, in the event the lender, its successors or assigns shall at any time exercise its or their right or power under said security agreements to take possession of or to remove the Secured Personalty; and if LESSOR receives at least ten (10) days prior written notice of the exercise of said rights with respect to any of the Secured Personalty, other than LESSEE's books and records (for which no advance notice shall be required), said notice to provide the name, address, phone number and contact persons in charge of the exercise of said lender's rights; LESSOR will not hinder the same or object thereto or interfere therewith, and LESSOR hereby consents to such taking of possession and removal of said Secured Personalty, regardless of the manner or degree of their attachment to the realty of the improvements thereon, and consents to the entry upon said Leased Premises for such purposes; provided that the secured lender shall
Sample 1

Related to Lessee’s Lender

  • Lessor It is important that the full name of the Entity leasing the commercial space is reported as the Lessor.

  • LANDLORD The covenants and obligations contained in this Lease on the part of Landlord are binding on Landlord, its successors, and assigns only during their respective period of ownership of an interest in the Building. In the event of any transfer or transfers of such title to the Building, Landlord (and, in the case of any subsequent transfers or conveyances, the then grantor) shall be concurrently freed and relieved from and after the date of such transfer or conveyance, without any further instrument or agreement, of all liability with respect to the performance of any covenants or obligations on the part of Landlord contained in this Lease thereafter to be performed.

  • Lessee The related Lessee is a Person other than MBFS USA, any Affiliate thereof or a Governmental Authority and, at the time of origination of the 201[__]-[__] Lease, based on information provided by the Lessee, the Lessee is located in and has a billing address within a State.

  • Tenant The complete name of every Tenant who will enter this lease with the intention of renting the Landlord’s property as a month-to-month rental is a necessary part of this document’s introduction.

  • Landlord’s Cure All covenants and agreements to be kept or performed by Tenant under this Lease shall be performed by Tenant at Tenant’s sole cost and expense and without any reduction of Rent, except to the extent, if any, otherwise expressly provided herein. If Tenant shall fail to perform any obligation under this Lease, and such failure shall continue in excess of the time allowed under Section 19.1.2, above, unless a specific time period is otherwise stated in this Lease, Landlord may, but shall not be obligated to, make any such payment or perform any such act on Tenant’s part without waiving its rights based upon any default of Tenant and without releasing Tenant from any obligations hereunder.

  • Mortgagee Upon WTC giving any notice in accordance with Section 11.1, Mortgagee shall (if and so long as such citizenship is necessary under the Act as in effect at such time or, if it is not necessary, if and so long as Mortgagee's citizenship could have any adverse effect on Owner, or any Note Holder), subject to Section 9.02 of the Trust Indenture, resign as Mortgagee promptly upon its ceasing to be such a citizen.

  • Base Rent Purchaser will receive a credit at Closing for the prorated amount of all base or fixed rent payable pursuant to the Leases and all Additional Rents (collectively, “Rent”) previously paid to, or collected by, Seller and attributable to any period following the Closing Date. Rents are “Delinquent” when they were due prior to the Closing Date, and payment thereof has not been made on or before the Closing Date. Delinquent Rent shall not be prorated at Closing. All Rent collected by Purchaser or Seller from each tenant from and after Closing will be applied as follows: (i) first, to Delinquent Rent owed for the month in which the Closing Date occurs (the “Closing Month”), (ii) second, to any accrued Rents owing to Purchaser, and (iii) third, to Delinquent Rents owing to Seller for the period prior to Closing. Any Rent collected by Purchaser and due Seller will be promptly remitted to Seller. Any Rent collected by Seller and due Purchaser shall be promptly remitted to Purchaser. Purchaser shall use reasonable efforts to collect Delinquent Rents owed to Seller in the ordinary course of its business; provided, however, that Seller hereby retains the right to pursue any tenant under the Leases for any Rent and other sums due Seller for period attributable to Seller’s ownership of the Property; and provided further, however, Seller (i) shall be required to notify Purchaser in writing of Seller’s intention to commence or pursue any legal proceedings; and (ii) shall not be permitted to commence or pursue any legal proceedings against any tenant seeking eviction of such tenant or the termination of the underlying Lease. “Additional Rents” shall mean any and all amounts due from tenants for operating expenses, common area maintenance charges, taxes, shared utility charges, management fees, insurance costs, other comparable expenses and pass-through charges and any other tenant charges. The provisions of this Section 14.5 shall survive the Closing and the delivery of any conveyance documentation.

  • THE RENT Rent: £0.00 (zero pounds) per calendar month subject to any further provisions within this Tenancy Agreement Payable: each month in advance

  • Additional Rent (a) The Rentable Area in the Building is stipulated to be 285,773 square feet. Tenant shall, from time to time during the term of the Lease, pay as additional rent hereunder, an amount, per each square foot of Rentable Area within the Premises, equal to the excess ("Excess") in actual Basic Costs, over the actual 1993 Basic Costs per square foot of Rentable Area in the Building. Commencing on the fourth (4th) anniversary of the date of this Lease, Tenant shall begin paying the Excess in accordance with the provisions of this paragraph. (b) Landlord shall also have the right to make a good faith estimate of the Excess for each upcoming calendar year and upon thirty (30) days' notice to Tenant to require the monthly payment by Tenant of one-twelfth (1-12th) of such estimated Excess, but in no event shall any such estimate be based on Basic Costs which exceed the actual Basic Costs for the previous calendar year. (c) By April 1 of each calendar year following the year during which the Lease Term begins, or as soon thereafter as practical, Landlord shall furnish to Tenant a statement of Landlord's actual Basic Costs for the previous calendar year, and Landlord shall notify Tenant of the amount of the Excess owing by Tenant to Landlord, showing the calculations thereof which result from such statement. Tenant agrees to promptly pay Landlord, as additional rent, all Excess which has not been previously paid as estimated Excess. If for any calendar year additional rent collected for the prior year, as a result of Landlord's estimate of Excess, is greater than the additional rent actually due during such prior year, then Landlord shall refund to Tenant any such overpayment. (d) Notwithstanding the foregoing provisions of this Lease to the contrary, for purposes of calculating the Excess under this Lease, in no event shall Controllable Basic Costs be increased in any calendar year after 1993 by more than five percent (5%) of the Controllable Basic Costs for the previous calendar year. For purposes hereof, "Controllable Basic Costs" shall mean all Basic Costs other than those enumerated in subsections (iii), (v), (vi) and (viii) of paragraph 2(j) of this Lease.

  • Tenant’s Share The term “Tenant’s Share” shall mean the percentage obtained by dividing Tenant’s Gross Leasable Area by the Building Gross Leasable Area, which as of the Effective Date is the percentage identified in Section G of the Summary.