Minimum Lease Term Requirement Sample Clauses

Minimum Lease Term Requirement. The Minimum Lease Term Requirement shall be satisfied.
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Minimum Lease Term Requirement. The Minimum Lease Term Requirement shall be satisfied 6 TABLE OF CONTENTS (continued) Page Section 4.21 [Reserved] 6 Section 4.22 Proceedings and Documents 6 SECTION 5. REPRESENTATIONS AND WARRANTIES 6 Section 5.1 Organization; Power and Authority 6 Section 5.2 Authorization, Etc 6 Section 5.3 Disclosure 7 Section 5.4 Organization and Ownership of Shares of Subsidiaries; Affiliates 7 Section 5.5 Financial Statements; Material Liabilities 8 Section 5.6 Compliance with Laws, Other Instruments, Etc 8 Section 5.7 Governmental Authorizations, Etc 8 Section 5.8 Litigation; Observance of Agreements, Statutes and Orders 8 Section 5.9 Taxes 9 Section 5.10 Title to Property; Leases 9 Section 5.11 Licenses, Permits, Etc 9 Section 5.12 Compliance with ERISA 10 Section 5.13 Private Offering by the Company 10 Section 5.14 Use of Proceeds; Margin Regulations 10 Section 5.15 Existing Indebtedness; Future Liens 11 Section 5.16 Foreign Assets Control Regulations, Etc 11 Section 5.17 Status under Certain Statutes 12 Section 5.18 Environmental Matters 12 Section 5.19 Economic Benefit 13 Section 5.20 Solvency 13 Section 5.21 Intentionally Omitted 13 Section 5.22 Insurance 13 Section 5.23 Condition of Properties 14 Section 5.24 REIT Status; Stock Exchange Listing 14 Section 5.25 Unencumbered Eligible Properties 14 SECTION 6. REPRESENTATIONS OF THE SERIES C PURCHASERS 14 Section 6.1 Purchase for Investment 14 TABLE OF CONTENTS (continued) Page Section 6.2 Source of Funds 15 SECTION 7. INFORMATION AS TO COMPANY 16 Section 7.1 Financial and Business Information 16 Section 7.2 Officer’s Certificate 20 Section 7.3 Visitation 20 Section 7.4 Electronic Delivery 21 SECTION 8. PAYMENT AND PREPAYMENT OF THE NOTES 21 Section 8.1 Maturity 21 Section 8.2 Optional Prepayments with Make-Whole Amount 21 Section 8.3 Offer to Prepay upon Term Facility Prepayment 22 Section 8.4 Allocation of Partial Prepayments 23 Section 8.5 Maturity; Surrender, Etc 23 Section 8.6 Purchase of Notes 23 Section 8.7 Change in Control Prepayment 23 Section 8.8 Make-Whole Amount 26 Section 8.9 Payments Due on Non-Business Days 27 SECTION 9. AFFIRMATIVE COVENANTS 27 Section 9.1 Existence; Conduct of Business; REIT Status 27 Section 9.2 Payment of Obligations 28 Section 9.3 Maintenance of Properties; Insurance 28 Section 9.4 Books and Records 29 Section 9.5 Compliance with Laws 29 Section 9.6 Environmental Laws 29 Section 9.7 Use of Proceeds 29 Section 9.8 Minimum Property Condition 30 Section 9.9 Unencumbered Eligible...
Sample 1

Related to Minimum Lease Term Requirement

  • Minimum Requirements With respect to the Notes, the Issuers shall not have any obligations with respect to any underwriters or underwritten offering except a single underwritten offering of $270 million or more of Registrable Securities.

  • MINIMUM CESSION The minimum amount of reinsurance per cession that THE REINSURER will accept is shown in Schedule A.

  • SUBLEASE REQUIREMENTS The following terms and conditions shall apply to any subletting by Tenant of all or any part of the Premises and shall be deemed included in each sublease:

  • Minimum Extension Requirement If (and only if) the total of the Commitments of the Lenders that have agreed to extend their Maturity Date and the new or increased Commitments of any Additional Commitment Lenders is more than 50% of the aggregate amount of the Commitments in effect immediately prior to the applicable Extension Date, then, effective as of the applicable Extension Date, the Maturity Date of each Extending Lender and of each Additional Commitment Lender shall be extended to the date that is one year after the Existing Maturity Date (except that, if such date is not a Business Day, such Maturity Date as so extended shall be the next preceding Business Day) and each Additional Commitment Lender shall thereupon become a “Lender” for all purposes of this Agreement and shall be bound by the provisions of this Agreement as a Lender hereunder and shall have the obligations of a Lender hereunder.

  • Minimum Tangible Net Worth The Parent and the Borrower shall not permit Tangible Net Worth at any time to be less than (i) 203,170,000 plus (ii) 75% of the Net Proceeds of all Equity Issuances effected at any time after the Agreement by the Parent, the Borrower or any of the Subsidiaries of the Parent to any Person other than the Parent, the Borrower or any of the Subsidiaries of the Parent.

  • Minimum Monthly Rent 3.1.1 Tenant agrees to pay to Landlord a Minimum Monthly Rent, initially in the amount set forth in the Basic Provisions, during each month of the Term of this Lease. Minimum Monthly Rent for a period constituting less than a full month shall be prorated on the basis of a thirty (30)-day month.

  • Listing and Maintenance Requirements Compliance The Company has not in the two years preceding the date hereof received written notice from any stock exchange, market or trading facility on which the Common Stock is or has been listed or quoted to the effect that the Company is not in compliance with the listing, maintenance or other requirements of such exchange, market, trading or quotation facility. The Company has no reason to believe that it does not now or will not in the future meet any such requirements.

  • Minimum Sales 4.1 The minimum volume of sales of the Products that CSR commits to use its best efforts to achieve in the Territory on an annual basis in the first Agreement Year is 60,000 gallons (avg. 5,000 gallons per month). RCAI will review the annual volumes of sales of the Products prior to the beginning of any successive term during which this Agreement may continue and RCAI may change and adjust such minimums as it, in its sole judgment, sees fit.

  • Release Requirement Notwithstanding any provision herein to the contrary, except as otherwise determined by the Company, in order for the Grantee to receive Shares pursuant to the settlement of Vested RSUs under Section 6(a), (b), (c), (d) or (e) above, the Grantee (or the representative of his or her estate) must execute and deliver to the Company a general release and waiver of claims against the Company, its Subsidiaries and their directors, officers, employees, shareholders and other affiliates in a form that is satisfactory to the Company (the “Release”). The Release must become effective and irrevocable under applicable law no later than 60 days following the date of the Grantee’s death, termination of employment or transfer of position, as applicable.

  • Minimum Purchase Requirements Distributor shall make the minimum annual purchase of Products established in Exhibit B, unless the Agreement has become coexclusive. In the period within the fixed term and extension, if applicable, of the Agreement under Section 10(a) subsequent to [ * ], the parties shall meet in San Francisco at least [ * ] prior to the beginning of each of respective year to discuss market conditions and appropriate minimum purchases for such year. In the event that the parties fail to agree on an appropriate minimum any year subsequent to [ * ], the minimum annual purchase requirement for such year shall be calculated increasing or decreasing (as the case may be) the minimum purchase requirement for the preceding year in proportion to the increase or decrease in the [ * ] (based on data from mutually acceptable data provider) of the applicable product in the Territory. In the event Supplier is unable to deliver Products ordered by Distributor in an amount consistent with the most recent forecast, then the minimum annual purchase requirement shall be reduced by the quantity of Products that Supplier is unable to deliver when requested. In the event Distributor fails in any year (a “Shortfall Year”) to make the annual minimum purchase of Agreement Products required by Exhibit B, Supplier shall have the right to give Distributor written notice of default, and if such failure to make the minimum purchase is not cured (through the purchase of an amount of Agreement Product equal to the entire shortfall in the Shortfall Year, which amount shall not be counted towards any minimum purchase requirements for the year of purchase) within [ * ] of receipt of the notice, then Supplier shall have the right, in Supplier’s sole discretion and as Supplier’s sole remedy for Distributor’s failure to meet the minimum purchase requirements hereunder, either to convert the appointment of Distributor from exclusive to non-exclusive or to terminate this Agreement. In the event of either conversion to non-exclusive or termination of this Agreement pursuant to this Section 3(e), the Supplier shall pay Distributor a conversion fee equal to [ * ], and Distributor shall transfer all Regulatory Approvals relating to BMS or DES in the Territory to Supplier.

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