PARTNERSHIP TENANT. If Tenant is a partnership or a professional corporation (or is comprised of two (2) or more Persons, individually or as co-partners of a partnership or shareholders of a professional corporation) or if Tenant’s interest in this Lease shall be assigned to a partnership or a professional corporation (or to two (2) or more Persons, individually or as co-partners of a partnership or shareholders of a professional corporation) pursuant to Article 12 hereof (any such partnership, professional corporation and such Persons are referred to in this Article 29 as “Partnership Tenant”), the following provisions shall apply to each such Partnership Tenant: (a) parties comprising Partnership Tenant shall be personally liable for the obligations of Tenant hereunder; (b) each of the parties comprising Partnership Tenant hereby consents in advance to, and agrees to be bound by (x) any written instrument which may hereafter be executed by Partnership Tenant or any successor partnership, changing, modifying, extending or discharging this Lease, in whole or in part, or surrendering all or any part of the Premises to Landlord (except for any instrument which contradicts subparagraph (a) above), and (y) any notices, demands, requests or other communications which may hereafter be given by Partnership Tenant or by any of the parties comprising Partnership Tenant; and (c) any bills, statements, notices, demands, requests or other communications given or rendered to Partnership Tenant or to any of such parties shall be binding upon Partnership Tenant and all such parties.
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Samples: www.sec.gov, Agreement of Lease (National Financial Partners Corp)
PARTNERSHIP TENANT. If Tenant is a partnership or a professional corporation (or is comprised of two (2) or more Persons, individually or as co-partners of a partnership or shareholders of a professional corporation) or if Tenant’s interest in this Lease shall be assigned to a partnership or a professional corporation (or to two (2) or more Persons, individually or as co-partners of a partnership or shareholders of a professional corporation) pursuant to Article 12 hereof (any such partnership, professional corporation and such Persons are referred to in this Article 29 as “Partnership Tenant”), the following provisions shall apply to each such Partnership Tenant: (a) parties comprising Partnership Tenant shall be personally liable for the obligations of Tenant hereunder, except that to the extent that a permitted assignee pursuant to Article 12 hereof shall be an accounting firm or a law firm the individual partners or shareholders of such permitted assignee shall not be personally liable for the obligations of Tenant hereunder; (b) each of the parties comprising Partnership Tenant hereby consents in advance to, and agrees to be bound by (x) any written instrument which may hereafter be executed by Partnership Tenant or any successor partnership, changing, modifying, extending or discharging this Lease, in whole or in part, or surrendering all or any part of the Premises to Landlord (except for any instrument which contradicts subparagraph (a) above), and (y) any notices, demands, requests or other communications which may hereafter be given by Partnership Tenant or by any of the parties comprising Partnership Tenant; and (c) any bills, statements, notices, demands, requests or other communications given or rendered to Partnership Tenant or to any of such parties shall be binding upon Partnership Tenant and all such parties.
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Samples: Agreement of Lease (Kbw, Inc.)
PARTNERSHIP TENANT. 53. If Tenant is a partnership or a professional corporation (or is comprised of two (2) or more Personspersons, individually or and as co-partners of a partnership or shareholders of a professional corporationpartnership) or if Tenant’s 's interest in this Lease shall be assigned to a partnership or a professional corporation (or to two (2) or more Personspersons, individually or and as co-partners of a partnership or shareholders of a professional corporationpartnership) pursuant to Article 12 hereof any provision herein, (any such partnership, professional corporation partnership and such Persons persons are referred to in this Article 29 section as “"Partnership Tenant”"), the following provisions of this Section shall apply to each such Partnership Tenant: ; (a) the liability of each of the parties comprising Partnership Tenant shall be personally liable for the obligations of Tenant hereunder; joint and several, and (b) each of the parties comprising Partnership Tenant hereby consents in advance to, and agrees to be bound by (x) by, any written instrument modifications of this Lease which may hereafter be executed made and by Partnership Tenant or any successor partnership, changing, modifying, extending or discharging this Lease, in whole or in part, or surrendering all or any part of the Premises to Landlord (except for any instrument which contradicts subparagraph (a) above), and (y) any notices, demands, requests or other communications which may hereafter be given by Partnership Tenant or by any of the parties comprising Partnership Tenant; , and (c) any bills, statements, notices, demands, requests or and other communications given or rendered to Partnership Tenant or to any of such the parties comprising Partnership Tenant shall be deemed given or rendered to Partnership; Tenant and to all parties comprising partnership tenant and shall be binding upon Partnership Tenant and all such parties, and (d) if Partnership Tenant shall admit new general partners, all of such new partners shall, by their admission to Partnership Tenant, be deemed to have assumed performance of all of the terms, covenants and conditions of this Lease on Tenant's part to be observed and performed, and (e) Partnership Tenant shall give prompt notice to Landlord of the admission of any such new partners.
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Samples: Pt 1communications Inc
PARTNERSHIP TENANT. Section 28.01. If Tenant is a partnership or a professional corporation or limited liability company (or is comprised of two (2) or more Personspersons, individually or and as co-partners of a partnership or shareholders of a professional corporationcorporation or members of a limited liability company) or if Tenant’s 's interest in this Lease shall be assigned to a partnership or a professional corporation or limited liability company (or to two (2) or more Personspersons, individually or and as co-partners of a partnership or shareholders of a professional corporationcorporation or members of a limited liability company) pursuant to Article 12 hereof 11 (any such partnership, professional corporation corporation, limited liability company and such Persons persons are referred to in this Article 29 Section as “"Partnership Tenant”"), the following provisions of this Section shall apply to each such Partnership Tenant: (a) parties comprising Partnership Tenant shall be personally liable for the obligations of Tenant hereunder; (bi) each of the parties persons comprising Partnership Tenant, whether or not such person shall be one of the persons comprising Tenant at the time in question, hereby consents in advance to, and agrees to be bound by (x) by, any written instrument which may hereafter be executed by Partnership Tenant or any successor partnershipexecuted, changing, modifying, extending modifying or discharging this Lease, in whole or in part, or surrendering all or any part of the Demised Premises to Landlord (except for any instrument which contradicts subparagraph (a) above)Owner, and (y) by any notices, demands, requests or other communications which may hereafter be given by Partnership Tenant or by any of the parties persons comprising Partnership Tenant; , and (cii) any bills, statements, notices, demands, requests or other communications given or rendered to Partnership Tenant or to any of the persons comprising Partnership Tenant shall be deemed given or rendered to Partnership Tenant and to all such parties persons and shall be binding upon Partnership Tenant and all such partiespersons.
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Samples: GTJ REIT, Inc.
PARTNERSHIP TENANT. 43. If Tenant is a general partnership or a professional corporation (or is comprised of two (2) or 2)or more Personspersons, individually or as co-partners of a partnership or shareholders of a professional corporationgeneral partnership) or if Tenant’s interest in this Lease lease shall be assigned to a general partnership or a professional corporation (or to two (2) or more Personspersons, individually or as co-partners of a partnership or shareholders of a professional corporationgeneral partnership) pursuant to Article 12 hereof 21 (any such partnership, professional corporation general partnership and such Persons persons are referred to in this Article 29 Section as “Partnership Tenant”), the following provisions of this Section shall apply to each such Partnership Tenant: (a) the liability of each of the parties comprising Partnership Tenant shall be personally liable for the obligations of Tenant hereunder; joint and several, and (b) each of the parties comprising Partnership Tenant hereby consents in advance to, and agrees to be bound by (x) by, any written instrument modifications of this lease which may hereafter be executed by Partnership Tenant or any successor partnership, changing, modifying, extending or discharging this Lease, in whole or in part, or surrendering all or any part of the Premises to Landlord (except for any instrument which contradicts subparagraph (a) above)made, and (y) by any notices, demands, requests or other communications which may hereafter be given given, by Partnership Tenant or by any of the parties comprising Partnership Tenant; , and (c) any bills, statements, notices, demands, requests or and other communications given or rendered to Partnership Tenant or to any of the parties comprising Partnership Tenant shall be deemed given or rendered to Partnership Tenant and to all such parties and shall be binding upon Partnership Tenant and all such parties, and (d) if Partnership Tenant shall admit new partners, all of such new partners shall, by their admission to Partnership Tenant, be deemed to have assumed performance of, and agreed to be bound by, all of the terms, covenants and conditions of this lease on Tenant’s part to be observed and performed, and (e) Partnership Tenant shall give prompt notice to Landlord of the admission of any such new partners.
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PARTNERSHIP TENANT. SECTION 28.01. If Tenant is a partnership or a professional corporation (or is comprised of two (2) or more Persons, individually or as co-partners of a partnership or shareholders of a professional corporation) or if Tenant’s 's interest in this Lease shall be assigned to a general partnership or a professional corporation (or to two (2) or more Personspersons, individually or and as co-partners of a partnership or shareholders of a professional corporationgeneral partnership) pursuant to Article 12 hereof 11 (any such partnership, professional corporation general partnership and such Persons persons are referred to in this Article 29 Section as “"Partnership Tenant”"), the following provisions of this Section shall apply to each such Partnership Tenant: (a) parties comprising Partnership Tenant shall be personally liable for the obligations of Tenant hereunder; (bi) each of the parties persons comprising Partnership Tenant, whether or not such person shall be one of the persons comprising Tenant at the time in question, hereby consents in advance to, and agrees to be bound by (x) by, any written instrument which may hereafter be executed by Partnership Tenant or any successor partnershipexecuted, changing, modifying, extending modifying or discharging this Lease, in whole or in part, or surrendering all or any part of the Demised Premises to Landlord (except for any instrument which contradicts subparagraph (a) above)Owner, and (y) by any notices, demands, requests or other communications which may hereafter be given by Partnership Tenant or by any of the parties persons comprising Partnership Tenant; , and (cii) any bills, statements, notices, demands, requests or other communications given or rendered to Partnership Tenant or to any of the persons comprising Partnership Tenant shall be deemed given or rendered to Partnership Tenant and to all such parties persons and shall be binding upon Partnership Tenant and all such partiespersons, and (iii) Partnership Tenant shall give prompt notice to Owner of the admission of any such new partners, or shareholders, or members, as the case may be.
Appears in 1 contract
Samples: Agreement of Lease (Langer Inc)