Other Leases Sample Clauses
The "Other Leases" clause defines how the existence or terms of additional leases, apart from the main lease agreement, are addressed within the contract. Typically, this clause clarifies whether the tenant is permitted to enter into other lease agreements for the same or different premises, or if the landlord has obligations or restrictions regarding leasing other spaces to third parties. For example, it may specify that the landlord can lease other units in the building to other tenants, or that the tenant cannot sublease or take on additional leases without consent. The core function of this clause is to prevent misunderstandings about the parties' rights and obligations concerning other leasing arrangements, thereby ensuring clarity and avoiding potential conflicts.
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Other Leases. (a) With respect to all leases of the Property other than the Operating Lease and occupancy agreements respecting guest rooms (such leases shall collectively be referred to herein as “Leases”), Borrower may do the following without Lender’s consent, provided Borrower delivers prior written notices thereof to Lender:
(i) terminate any Lease (other than the Lease of a Major Tenant); (ii) Borrower may amend any Lease (other than the Lease of a Major Tenant); and (iii) Borrower may enter into new Leases (or extend or renew existing Leases) with third-party tenants for premises of 10,000 square feet or less provided each Lease (x) satisfies the minimum leasing requirements in this Section 3.21(b), and (y) does not give the tenant any rights (whether in the form of expansion rights, purchase rights, rights of first refusal to lease or purchase, or otherwise) relating to property which is not part of the Property and/or would require Borrower and/or Lender to possess or control any property (other than the Property) to honor such rights. Except as expressly provided in this Section 3.21(a) (or after obtaining Lender's prior written consent), Borrower shall not (1) amend or modify any Lease, (2) extend or renew (except in accordance with the existing Lease provisions, if any) any Lease (3) terminate or accept the surrender of any Lease, (4) enter into any new Lease of the Property, or (5) accept any prepayment of rent, termination fee, or any similar payment.
Other Leases. Lessor has granted no leases or licenses affecting the Premises, and there are no other parties in possession of or holding any right to use or possess any portion of the Premises or who hold any lien, right or other claim against or for the purchase or lease of any of the Premises.
Other Leases. 12 1.77 Overdue Rate ...............................................12 1.78 Owner's Agreement...........................................12 1.79 Parent......................................................12 1.80
Other Leases. For purposes of this Agreement, “Other Lease” refers to any of the following- described leases which applies to the Property: (a) if the Purchased Tract(s) include or consist of Tract 86 (in ▇▇▇▇▇▇▇▇▇▇ County), the Property is subject to a residential lease with a term expiring on December 31, 2018 and a grain bin lease with a term expiring on March 31, 2019; (b) if the Purchased Tract(s) include or consist of Tract 57 (in ▇▇▇▇▇▇▇▇▇▇ County), the Property is subject to a residential lease with a term expiring on December 31, 2018; and (c) if the Property includes the real estate identified in the marketing materials and in the attached Exhibit A as Tract 84 (in Saline County), the Property is subject to a grain bin lease with a term expiring on March 31, 2019. If the Property is subject to any Other Lease: (i) possession thereof shall be delivered to Buyer subject to the rights of the current tenant to retain possession of and to have access to the Property pursuant to the existing Other Lease; (ii) the obligations of Seller under said Other Lease shall be assumed by Buyer in accordance with the provisions of Section 17 above; (iii) the rights of Seller under said Other Lease (including without limitation the right of possession upon expiration of said lease) shall be assigned to Buyer in accordance with the provisions of Section 17 above; (iv) rents paid by tenant under the Other Lease shall be prorated between Buyer and Seller with rentals applicable to the period from and after the Closing allocated to Buyer and for the period prior to the Closing allocated to Seller; (v) at the Closing, any rental or other payments allocated to Seller hereunder which are unpaid as of the Closing shall be credited and paid from Buyer to Seller; (vi) at the Closing, any rental or other payments allocated to Buyer hereunder which have been prepaid as of the Closing shall be credited from Seller to Buyer; and (vii) having given and/or received any such credits, as may be applicable, Buyer shall then have the right to collect and receive all rental or other payments from any tenant after Closing.
Other Leases. Except as expressly provided herein, from and after the Contingency Date (provided that this Agreement has not been terminated), Seller shall refrain from amending the existing Lease (a “Proposed Lease Amendment”) without Purchaser’s written approval, as provided below, provided that Purchaser shall have no ability to interfere with the administration by Seller of the existing Lease as required by, and in accordance with, the terms of the Lease. Seller shall furnish Purchaser with a true and complete copy of any Proposed Lease Amendment, and Purchaser shall have three (3) business days from receipt of such Proposed Lease Amendment to approve or disapprove the same, which approval or disapproval shall be in Purchaser’s sole discretion. In the event that Purchaser does not approve any such Proposed Lease Amendment, Purchaser shall notify Seller, in writing, of such disapproval prior to the expiration of the aforesaid three (3) business day period. If Purchaser does not provide such notice prior to the expiration of the aforesaid three (3) business day period, the Proposed Lease Amendment shall be deemed approved. Nothing in this Section 4(d) shall restrict Seller from amending the Lease prior to the Contingency Date, provided that Seller shall provide Purchaser with a copy of any such Proposed Lease Amendment(s) at least three (3) days prior to the Contingency Date.
Other Leases. Notwithstanding anything to the contrary contained in this Section 43 or elsewhere in this Lease, Tenant acknowledges and agrees that (i) any purported renewal notice sent by it under this Lease shall be void and of no force or effect unless, simultaneously with the issuance of any such renewal notice, the Tenant Lease Affiliate under each of the Other Leases that remains in effect also issues a renewal notice with respect to the property(ies) to which each such Other Lease applies and (ii) any Potential Default or Event of Default by any such Tenant Lease Affiliates of its obligations under its Other Lease shall preclude Tenant's exercise of renewal rights hereunder.
Other Leases. Buyer shall have executed and delivered to Seller, for execution by Seller, the Plant 3 Lease, the Plant 5 Lease and the Wilmington Lease.
Other Leases. This Lease Agreement supersedes all prior leases or communication, written or verbal.
Other Leases. Tenant represents and warrants to Landlord that, with the ------------ exception of this Lease, neither Tenant nor any affiliate of Tenant is a tenant under a lease or any other tenancy agreement (1) with
(a) ▇▇▇▇▇ & Company, a division of ▇▇▇▇▇ Bank N.A., as trustee of the Multi- Employer Property Trust, (b)
Other Leases. Seller shall have executed and delivered to Buyer, for execution by Buyer, (i) a lease substantially in the form of Exhibit H-2 (the "Plant 3 Lease"), pursuant to which Buyer will lease to Seller that portion of the facility identified on Schedule 3.6(a) as "Plant 3" which is currently being occupied by certain of Seller's businesses other than the Business, for a term of one year, (ii) a lease substantially in the form of Exhibit H-3 (the "Plant 5 Lease"), pursuant to which Seller will lease to Buyer that portion of the facility identified on Schedule 3.6(a) as "Plant 5" which is currently being occupied by the Business, for a term of one year, (iii) a lease substantially in the form of Exhibit H-4 (the "Wilmington Lease"), pursuant to which Seller will lease to Buyer that portion of the facility identified on Schedule 3.6(a) as the "Wilmington Property" which is currently being used by the Business, for a term of one year, (iv) a lease substantially in the form of Exhibit H-5 (the "Plant 1 Lease"), pursuant to which Buyer will lease to Seller that portion of the facility identified on Schedule 3.6(a) as the "Plant 1" which is currently being used by certain of Seller's businesses other than the Business, for a term of six months, and (v) a lease substantially in the form of Exhibit H-6 (the "Plant 4 Lease"), pursuant to which Buyer will lease to Seller that portion of the facility identified on Schedule 3.6(a) as the "Plant 4" which is currently being used by certain of Seller's businesses other than the Business, for a term of six months.