Office Space Arrangements Sample Clauses

Office Space Arrangements. (a) Reference is made to that certain Office Lease dated as of December 14, 2014 (the “New Lease”) entered into by and between the Trust and 1201 TAB Owner, LLC (“Landlord”). (b) Anything in the TSA to the contrary notwithstanding, from and after December 14, 2014, the commencement date of the New Lease, until the earlier to occur of (x) WMIHC notifying the Trust, in accordance with the notice provisions set forth in Section 10.9 of the TSA, that WMIHC no longer requires office space from the Trust (subject to the last sentence of this paragraph set forth below) and (y) the New Lease being terminated in accordance with its terms (either event constituting a “Lease Termination”), WMIHC shall be liable for fifty percent (50%) of the Rent (as such term is defined in the New Lease) payable under the New Lease. For the avoidance of doubt, the first year of the New Lease contemplates an aggregate annual rental rate of $38/square foot (plus building overhead expenses) totaling $377,526.00, subject to annual adjustment in accordance with the terms of the New Lease. As a result, WMIHC’s annual share of the Rent associated with the New Lease for the first year of the New Lease is expected to total $188,763; provided, that such amount may be more if and to the extent WMIHC personnel request additional services under the New Lease. The Trust agrees that such allocation will be reduced ratably to the extent the New Lease is terminated early. WMIHC agrees that it shall not submit to the Trust a notice of Lease Termination prior to April 30, 2015.
Sample 1
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Office Space Arrangements. Each of the Trust and WMIH acknowledge that effective as of June 30, 2015, the Trust ceased providing WMIH with office space and that from and after July 1, 2015, WMIH has independently arranged for its own office space. On the basis of the foregoing, the Trust and WMIH agree that the TSA shall be amended by deleting therefrom any obligation on the part of the Trust to provide WMIH with office space and that such amendment will be given effect as if entered into by the parties effective July 1, 2015. The Trust acknowledges and confirms that from and after July 1, 2015, it has not been seeking reimbursement from WMIH for any office space charges and that WMIH is not liable to the Trust for any reimbursements relating to office space charges from such date. The Trust further acknowledges and confirms that WMIH has fulfilled all of its payment obligations under the office sharing arrangements set forth in the TSA, as amended by Amendment No. 1 and Amendment No. 2 to the TSA.
Sample 1
Office Space Arrangements. 6.12.1 At Closing, Seller or the applicable Seller Subsidiary ("Sublandlord", and collectively, the "Sublandlords") and Buyer or the applicable Buyer Purchaser ("Subtenant", and collectively the "Subtenants") shall enter into the following subleases (the "Subleases"): (a) a sublease, in the form referred to on Annex 1.1 as the "Technology Park Sublease," which form has been modified in certain respects by agreement of the parties to such sublease, pursuant to which Sublandlord will sublease to Subtenant certain space in the office building located at 000 Xxxxxxxxxx Xxxx Xxxxx, Xxxxxxxxx, Xxxxxxxxxxxxx; and (b) a sublease, in form reasonably acceptable to both Seller and Buyer pursuant to which Sublandlord will sublease to Subtenant certain space in the office building located at 0000 Xxxxxxxx Xxxxxx, XxXxxx, Xxxxxxxx. Sublandlord shall use reasonable efforts to obtain, prior to Closing, and shall deliver to Subtenant at Closing or at such later time that any such consent shall be obtained, if at all, all consents required to validly consummate the Subleases. Sublandlord shall be responsible for and shall promptly pay any and all costs associated with obtaining and delivering such consents, and Subtenant shall reasonably cooperate with Sublandlord in obtaining such consents, provided that Subtenant shall not be required to make any payment associated with obtaining such consent. The obtaining of such consents with respect to any particular Sublease shall not be a condition to Closing, but from and after the date of Closing, as provided in Article IX, Seller shall indemnify, defend and hold the Buyer Indemnified Parties harmless from and defend the Buyer Indemnified Parties, on an after-tax basis, from and against any and all Loss and Litigation Expense, which they or any of them may suffer or incur as a result of or arising from Seller's failure to seek or obtain the consent of the landlord, sublandlord or other party whose consent is required in connection with the making of the Sublease. 6.12.2 At Closing, Seller or the applicable Seller Subsidiary ("Assignor," and collectively, the "Assignors") shall assign to Buyer or the applicable Buyer Purchaser ("Assignee," and collectively, the "Assignees") all of its right, title and interest in, to and under the Real Estate Leases listed on Annex 2.1.6, except for those Real Estate Leases so listed in which (as indicated on such Annex 2.1.6), the tenant is an Acquired Subsidiary (the "Acquired Subsidiary Leases")...
Sample 1

Related to Office Space Arrangements

  • Office Space All faculty members teaching one-half time or more shall be provided with office space on the campus where the majority of their courses are taught. Further, the Employer will, upon the request of a faculty member, complete Income Tax Form No.T2200 (Declaration of Employment Conditions - Office or Employment Expense).

  • Office Space and Facilities The Adviser will arrange to furnish the Trust office space in the offices of the Adviser, or in such other place or places as may be agreed upon from time to time, and all necessary office facilities, simple business equipment, supplies, utilities and telephone service required for managing the investments of the Trust.

  • Leasing Arrangements From the Effective Date through Closing (the "Contract Period"), without Purchaser's prior written consent in each instance, Seller will not amend or terminate any existing Lease or enter into any new Lease without Purchaser's prior written consent (which may be given or withheld in its sole and absolute discretion). Without limitation thereon, any and all Leases to be entered into during the Contract Period shall be on Seller's standard lease form delivered to Purchaser and otherwise on terms and conditions acceptable to Purchaser. If Purchaser fails to grant or withhold its consent to any proposed Lease within five (5) days of receipt thereof, Purchaser shall be deemed to have consented to such Lease. Notwithstanding anything contained herein to the contrary, Purchaser's consent shall not be required with respect to any renewal Lease or consent to a sublease or assignment of Lease which Seller, as a matter of law or by a Lease, shall be required to deliver. Notwithstanding anything to the contrary contained in this Agreement, Seller reserves the right, but is not obligated, to institute summary proceedings against any Tenant or terminate any Lease as a result of a default by the tenant thereunder prior to the Closing Date. Seller makes no representations and assumes no responsibility with respect to the continued occupancy of the Property or any part thereof by any Tenant. The removal of a Tenant prior to the Closing Date, whether by summary proceedings (or any written agreement accepting surrender or termination of the Lease subsequent to the commencement of such summary proceedings) or unilateral act of such Tenant, shall not give rise to any claim on the part of Purchaser; provided, however, Purchaser shall have the right within ten (10) days of the removal of any Tenant as Purchaser's sole and exclusive remedy, to terminate this Agreement and receive a refund of any portion of the Xxxxxxx Money Deposit previously tendered by Purchaser to the Escrow Agent, whereupon this Agreement shall terminate and the parties shall have no further rights and obligations to one another except for those obligations expressly stated herein to survive. If Purchaser fails to terminate this Agreement within such ten (10) day period, Purchaser shall be deemed to have waived its right to terminate pursuant to this Section 7.1(e) and Purchaser shall proceed to Closing without credit against, or reduction of, the Purchase Price.

  • Business Arrangements Except as disclosed in the Registration Statement, the Time of Sale Disclosure Package and the Prospectus, neither the Company nor any of its subsidiaries has granted rights to develop, manufacture, produce, assemble, distribute, license, market or sell its products to any other person and is not bound by any agreement that affects the exclusive right of the Company or such subsidiary to develop, manufacture, produce, assemble, distribute, license, market or sell its products.

  • Working Arrangements (i) The former industry practice whereby all Employees on site working in direct sunlight were relocated to shaded or air- conditioned areas when the temperature reached 32°C, will no longer operate. (ii) At temperatures below 35°C workers are not to be relocated out of direct sunlight unless the work environment creates a serious risk to their health and safety, having regard to the nature of the tasks being undertaken, provided that the task or activity being performed is completed and the penalty provisions as for emergency work under the Award shall apply. (iii) Once the temperature reaches 35°C work will cease, and workers may leave the site, provided that the task or activity being performed is completed and the penalty provisions as for emergency work under the Award shall apply. (iv) During periods of hot weather, work in air conditioned environments shall continue as normal. Workers will walk a reasonable distance through the open to and from amenities and the air-conditioned work space, provided it does not pose a serious threat to their health or safety. Alternatively, where the Employer can artificially ventilate covered spaces onsite and reduce the temperature to below 35°C, work may continue as normal subject to consultation and agreement with affected Employees to comply with the provisions of this clause. (v) By agreement with the OH&S committee and head contractor during periods of inclement weather (heat) the Saturday break roster can be applied to weekday work.

  • Office Space, Equipment and Facilities Provide such office space, office equipment and office facilities as are adequate to fulfill the Adviser’s obligations hereunder.

  • Flexible Working Arrangements In accordance with the Employment Relations Act 2000, an employee affected by family violence may request a short-term (two months or less) variation of their employment arrangements to assist the employee to deal with the effects of family violence.

  • Personnel, Office Space, and Facilities of Manager The Manager at its own expense shall furnish or provide and pay the cost of such office space, office equipment, office personnel, and office services as the Manager requires in the performance of its investment advisory and other obligations under this Agreement.

  • Verizon OSS Facilities Any gateways, interfaces, databases, facilities, equipment, software, or systems, used by Verizon to provide Verizon OSS Services to ICG.

  • Space Leases (i) To Borrower’s best knowledge, 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; the lease expiration date, extension and renewal provisions; the base rent and percentage rent payable; and the security deposit held thereunder. (ii) Each Space Lease constitutes the legal, valid and binding obligation of Borrower or, the Operating Tenant, as applicable, and, to the knowledge of Borrower, is enforceable against the tenant thereof. No default exists, or with the passing of time or the giving of notice would exist, which would, in the aggregate, have a Material Adverse Effect. (iii) To Borrower’s best knowledge, no tenant under any Major Space Lease has, as of the date hereof, paid Rent more than thirty (30) days in advance, and the Rents under such Major Space Leases have not been waived, released, or otherwise discharged or compromised. (iv) To Borrower’s best knowledge, except as disclosed in writing to Lender, all work to be performed by Borrower under the Space Leases has been substantially performed, all contributions to be made by Borrower to the tenants thereunder have been made except for any held-back amounts, and all other conditions precedent to each such tenant’s obligations thereunder have been satisfied. (v) To Borrower’s best knowledge, except as previously disclosed to Lender in writing or contained in the Space Leases, there are no options to terminate any Space Lease. (vi) To Borrower’s best knowledge, each tenant under a Major Space Lease or such tenant’s authorized subtenant is currently occupying the space demised by such Major Space Lease. (vii) To Borrower’s best knowledge, Borrower has delivered to Lender true, correct and complete copies of all Space Leases described in the Rent Roll. (viii) No Space Lease has been assigned or, to Borrower’s best knowledge, modified, supplemented or amended in any way. (ix) To Borrower’s best knowledge, each tenant under each Space Lease is free from bankruptcy, reorganization or arrangement proceedings or a general assignment for the benefit of creditors. (x) To Borrower’s best knowledge, no Space Lease provides any party with the right to obtain a lien or encumbrance upon the Property superior to the lien of this Security Instrument.

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