Options in Favor of Lessee Sample Clauses

Options in Favor of Lessee. SECTION 10.01. Options to Terminate 27 SECTION 10.02. Conveyance of the Project to the Lessee 27 SECTION 10.03. Conveyance at Closing 27
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Options in Favor of Lessee. Section 11.1 Options to Terminate the Lease Term 23 Section 11.2 Option to Purchase Project 23 Section 11.3 Conveyance on Purchase 24 Section 11.4 Option to Purchase Unimproved Land 24 Section 11.5 Relative Position of Options and Financing Agreement 24
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Options in Favor of Lessee. 35 Section 11.1 General Option to Purchase Project........................35 Section 11.2 Option to Purchase a Portion of the Project...............36 Section 11.3 Conveyance on Purchase....................................37 Section 11.4 Relative Position of Options and Indenture................38 Section 11.5 Lessee's Option to Terminate..............................38 Section 11.6 Conveyance of Project at End of Lease Term................38 ARTICLE XII - MISCELLANEOUS...................................................39
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Options in Favor of Lessee. Section 11.1 General Option to Purchase Project 32 Section 11.2 Option to Purchase a Portion of the Project 32 Section 11.3 Conveyance on Purchase 33 Section 11.4 Relative Position of Options and Indenture 34 Section 11.5 Lessee’s Option to Terminate 34 Section 11.6 Conveyance of Project at End of Lease Term 35 ARTICLE XII MISCELLANEOUS Section 12.1 Notices 35 Section 12.2 Binding Effect 36 Section 12.3 Severability 36 Section 12.4 Amounts Remaining in Funds 36 Section 12.5 Amendments, Changes and Modifications 36 Section 12.6 Execution Counterparts 37 Section 12.7 Captions 37 Section 12.8 Recording of Lease 37 Section 12.9 Law Governing Construction of Lease 37 Section 12.10 Net Lease 37 Section 12.11 Survival of Purchase Options 37 EXHIBIT A—LAND EXHIBIT B—THE PROJECT STATE OF GEORGIA COUNTY OF XXXXXX THIS LEASE AGREEMENT made and entered into as of December 1, 2002 (this “Lease”) by and between DEVELOPMENT AUTHORITY OF XXXXXX COUNTY (herein called the “Issuer”), a public body corporate and politic duly organized and existing under the laws of the State of Georgia, as Lessor, and ADESA ATLANTA, LLC (herein called the “Lessee”), a limited liability corporation duly organized and existing under the laws of the State of New Jersey, as Lessee.
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Options in Favor of Lessee. 24 Section 11.1. Options to Terminate the Lease Term...................................................24 Section 11.2. Option to Purchase Project............................................................24 Section 11.3. Conveyance on Purchase................................................................24 Section 11.4. Deed and Bill of Sale Held in Escrow..................................................24
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Options in Favor of Lessee 
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Related to Options in Favor of Lessee

  • Assignment of Rents and Leases The Borrower hereby assigns to the Lender all right, title and interest of the Borrower in the Rents and Leases to have and to hold absolutely until all monies secured by this Mortgage and all obligations of the Borrower in this Mortgage have been fully paid and satisfied. The Borrower hereby grants to the Lender full power and authority to enter upon the Lands to collect the Rents, to demand, collect, xxx for, distrain for, recover, receive and give receipts for the Rents, to enforce payment of the Rents and performance of the obligations of any guarantees of payment and covenants to pay, and to exercise all rights in respect of any or all Leases, in the Lender’s own name or in the name of and as agent for the Borrower, as the Lender may elect, and hereby grants to the Lender irrevocable authority to join the Borrower in any such proceedings or actions. Notwithstanding that this is a present and absolute assignment, (subject to redemption on repayment of all monies secured by this Mortgage), the Borrower, as agent for the Lender, shall be entitled to collect and retain the Rents as and when they become due and payable according to the terms of the Lease and to deal with all Leases until the Lender gives notice to tenants directing that they pay the Rents to the Lender. The Borrower covenants that it now has good and sufficient power, authority and right to assign the Rents and Leases and other benefits to the Lender as herein provided and shall not further assign, pledge or otherwise encumber the Rents or Leases, accept any prepayment of the Rents, nor do or omit to do any act having the effect of waiving, releasing, reducing or abating any rights or remedies of the Borrower or any obligations of any other party in connection with the Leases. Nothing herein contained or any action taken by the Lender as provided will make the Lender a mortgagee in possession, or will have the effect of making the Lender responsible for the collection of the Rents or for the observance or performance or enforcement thereof or of any of the provisions of the Leases either by the Borrower or by any other person, liable to account for any monies except such monies as it actually receives pursuant to this assignment of Rents and Leases less proper collection charges, inspection fees, costs (including, without limitation, legal fees and disbursements on a full indemnification basis and in no event less than on a solicitor and client basis) and other expenses expended by the Lender and such monies when so received shall, at the discretion of the Lender, be applied on account of the monies secured by this Mortgage. The giving of this assignment of Rents and Leases is by way of additional and collateral security for all monies secured by this Mortgage and not in substitution for any other security and will not in any way diminish, novate or otherwise affect any other security and such other security will not diminish, novate or otherwise affect this assignment of Rents and Leases. Any right or remedy under this assignment of Rents and Leases may be taken either independently or in conjunction with any other rights or remedies of the Lender under this Mortgage. The Borrower shall execute and deliver such further assurances, assignments, notices or other documents and do all such other things as the Lender may reasonably require from time to time to perfect this assignment of Rents and Leases.

  • BORROWER'S AFFIRMATIVE COVENANTS Each Borrower covenants and agrees that, so long as any of the Commitments hereunder shall remain in effect and until payment in full of all of the Loans and other Obligations and the cancellation or expiration of all Letters of Credit, unless Requisite Lenders shall otherwise give prior written consent, such Borrower shall perform, and shall cause each of its Subsidiaries to perform, all covenants in this Section 6.

  • Amendments to Lease The Lease is hereby amended as follows:

  • Ground Lease Reserved.

  • Credit Agreement Covenants Each Guarantor shall observe, perform and comply with all covenants applicable to such Guarantor set forth in Articles VI and VII of the Credit Agreement, which by their terms the Borrowers are required to cause such Guarantor to observe, perform and comply with, as if such covenants were set forth in full herein.

  • Covenants in Credit Agreement In the case of each Guarantor, such Guarantor shall take, or shall refrain from taking, as the case may be, each action that is necessary to be taken or not taken, as the case may be, so that no Default or Event of Default is caused by the failure to take such action or to refrain from taking such action by such Guarantor or any of its Subsidiaries.

  • BORROWER'S NEGATIVE COVENANTS Borrower covenants and agrees that, so long as any of the Commitments hereunder shall remain in effect and until payment in full of all of the Loans and other Obligations and the cancellation or expiration of all Letters of Credit, unless Requisite Lenders shall otherwise give prior written consent, Borrower shall perform, and shall cause each of its Subsidiaries to perform, all covenants in this Section 7.

  • Amendments to Loan Agreement The Loan Agreement is hereby amended as follows:

  • Modifications to Loan Agreement 1. The Loan Agreement shall be amended by deleting the following definition appearing in Section 1.1 thereof:

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