Memoranda of Leases Sample Clauses

Memoranda of Leases. No later than three (3) Business Days prior to the end of the Inspection Period, Seller shall cause to be recorded a memorandum of lease with respect to each Lease. Such memorandum shall be in a form acceptable to Buyer in its sole discretion. In the event Seller is unable to cause to be recorded a memorandum of lease with respect to a Lease despite using commercially reasonable efforts to do so, such failure shall not constitute a default by Seller under this Agreement.
Sample 1Sample 2
AutoNDA by SimpleDocs
Memoranda of Leases. Memoranda of Lease for the Interim Lease ------------------- and the Building Lease duly executed by Buyer and notarized.
Sample 1
Memoranda of Leases. The Sellers shall have obtained from all Landlords and delivered to the Purchasers a memorandum of each of the Leases (each a "Memorandum of Lease") in form and substance reasonably acceptable to the Purchasers. Each Memorandum of Lease shall reflect, among other things, (i) the Companies' good and marketable title in fee simple absolute (free and clear of any Lien, except the Permitted Liens) to all Improvements located on each Leased Real Property, and (ii) the Companies' unrestricted right to remove, dispose of or otherwise deal with all such Improvements upon any expiration or termination of the Leases.
Sample 1
Memoranda of Leases. With respect to Target Leases (other than Target Leases which are Related Party Contracts) for which a memorandum of lease is not recorded in the official real property records in which the Real Property is located, Target shall promptly after the date hereof request that the lessor thereunder execute a memorandum of lease in form and substance reasonably acceptable to Buyer. Target shall use its Reasonable Best Efforts to promptly obtain such memoranda of lease, duly executed and acknowledged by such lessor and otherwise in recordable form, on or prior to the Due Diligence Deadline. Within 5 calendar days of receipt by Target of any such memorandum executed by any such lessor, Target shall deliver a true and complete copy thereof to Buyer. If Target fully complies with its covenants in this Section 2.10, but is not able to deliver a memorandum of lease in form and substance satisfactory to Buyer within the time or in the manner set forth herein, then Target shall not be liable for Damages to Buyer for the non-delivery of such memorandum of lease.
Sample 1
Memoranda of Leases. Record the Memoranda of the Interim ------------------- Lease and the Building Lease.
Sample 1
Memoranda of Leases. The Landlords and the respective Tenant Parties shall use their best efforts to cause to be filed or recorded promptly after the Effective Date such memoranda or notices of the Master Leases and such terminations of existing memoranda or notices of the Existing Leases as the Landlords may reasonably require in connection with the Master Leases.
Sample 1
Memoranda of Leases. Seller shall use commercially reasonable efforts to obtain from the lessor of each parcel of leased Real Property for which the underlying Lease (or an existing memorandum thereof reflecting Seller as lessee) is not currently recorded in the applicable real property records, an executed memorandum of each such lease, in recordable form and in form otherwise reasonably acceptable to Buyer.
Sample 1
AutoNDA by SimpleDocs
Memoranda of Leases. (a) With respect to each of the Assigned Leases (other than Assigned Leases which are Related Party Contracts) for which a memorandum of lease is not recorded in the official real property records in which the Leased Real Property is located, the applicable Seller shall promptly after the date hereof request that the lessor thereunder execute a memorandum of lease in form and substance reasonably acceptable to Buyer. Sellers shall use their Reasonable Best Efforts to promptly obtain such memoranda of lease, duly executed and acknowledged by such lessor and otherwise in recordable form, on or prior to the Due Diligence Deadline. Within 5 calendar days of receipt by a Seller of any such memorandum executed by any such lessor, such Seller shall deliver a true and complete copy thereof to Buyer. If a Seller fully complies with its covenants in this Section 2.15, but is not able to deliver a memorandum of lease in form and substance satisfactory to Buyer within the time or in the manner set forth herein, then such Seller shall not be liable for Damages to Buyer for the non-delivery of such memorandum of lease.
Sample 1

Related to Memoranda of Leases

  • Approval of Leases, Contracts, Etc In fulfilling its duties to Owner, Manager may and hereby is authorized to enter into any leases, contracts or agreements on behalf of Owner in the ordinary course of the management, operation, maintenance and leasing of the Property.

  • Assignment of Leases The Assignment of Leases creates a valid assignment of, or a valid security interest in, certain rights under the Leases, subject only to a license granted to Borrower to exercise certain rights and to perform certain obligations of the lessor under the Leases, including the right to operate the Property. No Person other than Lender has any interest in or assignment of the Leases or any portion of the Rents due and payable or to become due and payable thereunder.

  • Lease Agreements 13.1 The Customer shall provide FPL a copy of the lease agreement, as applicable, for any and all leased interconnection equipment.

  • Term of Leases All Leases for residential dwelling units with respect to the Mortgaged Property satisfy each of the following conditions:

  • New Leases Continue its present rental program and efforts at such Seller’s Property to rent vacant space in accordance with past practices; provided that, without the prior written consent of the Buyer, which consent may be granted or withheld in the Buyer’s sole discretion, such Seller shall not (i) execute any new lease, license or other occupancy agreement, (ii) amend, supplement, terminate, accept the surrender of, renew or otherwise modify any existing Lease, (iii) approve any assignment or sublease of any existing Lease, or (iv) waive any right or obligation thereunder; provided, however, that, in the case of any amendment, supplement, termination, surrender, renewal or modification of any existing Lease as set forth in clause (ii) above, if such existing Lease expressly and specifically sets forth the terms of any such amendment, supplement, termination, surrender, renewal or modification and requires the landlord under the Lease to acknowledge or counter-sign the same, in which case, the Buyer’s consent shall not be required, but Seller shall provide the Buyer with written notice of (and to the extent such amendment, supplement or modification modifies the rental terms of such Lease which rental amount is not specifically stated in such Lease, the Buyer shall have an opportunity to review and comment upon) such amendment, supplement, termination, surrender, renewal or modification at least five (5) Business Days prior to the date of execution. If such Seller enters into any new lease, license or other occupancy agreement, or renews any existing Lease (each such new lease, license, occupancy agreement and renewal, a “New Lease”) after the date hereof in accordance with the terms of this Section 3.2(d), then each such lease, license, occupancy agreement and renewal shall be included in the definition of “Leases” herein and added to Schedule 3.2(c) attached hereto, shall be assigned to and assumed by the Buyer at the Closing in accordance with this Agreement. If the Buyer does not reject or approve a new lease, license, occupancy agreement, renewal or a Lease amendment within five (5) Business Days after receipt of a copy thereof, then the Buyer shall be deemed to have approved such new lease, license, occupancy agreement, renewal or Lease amendment; provided that such notice includes specific reference to this Section 3.3(d) and the deemed approval provision hereof.

  • Memorandum of Lease Lessor and Lessee shall promptly upon the request of either enter into a short form memorandum of this Lease, in form suitable for recording under the laws of the State in which reference to this Lease, and all options contained herein, shall be made. Lessee shall pay all costs and expenses of recording such memorandum of this Lease.

  • Space Leases (i) Borrower has delivered a true, correct and complete schedule of all Space Leases as of the date hereof, which accurately and completely sets forth in all material respects, for each such Space Lease, the following (collectively, the “Rent Roll”): the name and address of the tenant with the name, title and telephone number of the contact person of such tenant; the lease expiration date, extension and renewal provisions; the base rent and percentage rent payable; all additional rent and pass-through obligations; and the security deposit held thereunder and the location of such deposit.

  • Production Report and Lease Operating Statements Within 60 days after the end of each fiscal quarter, a report setting forth, for each calendar month during the then current fiscal year to date, the volume of production and sales attributable to production (and the prices at which such sales were made and the revenues derived from such sales) for each such calendar month from the Oil and Gas Properties, and setting forth the related ad valorem, severance and production taxes and lease operating expenses attributable thereto and incurred for each such calendar month.

  • Operating Leases Not permit the aggregate amount of all rental payments under Operating Leases made (or scheduled to be made) by the Loan Parties (on a consolidated basis) to exceed $1,000,000 in any Fiscal Year.

  • Operating Statements In the case of each Mortgage Loan, the related Mortgage or another Mortgage Loan document requires the related Mortgagor, in some cases at the request of the lender, to provide the holder of such Mortgage Loan with at least quarterly operating statements and rent rolls (if there is more than one tenant) for the related Mortgaged Property and annual financial statements of the related Mortgagor, and with such other information as may be required therein.

Time is Money Join Law Insider Premium to draft better contracts faster.