Peel Properties' Obligations to Maintain and Operate Sample Clauses

Peel Properties' Obligations to Maintain and Operate. Peel Properties shall keep in good order, condition and repair the exterior and all structural portions of the Building, the plumbing, air conditioning, heating and electrical systems, the windows and floors on the Premises (excluding carpeting and other floor covering installed by Tenant or as part of the Tenant Improvements), and all Necessary Site Improvements and other Open Area Improvements, if any, made by Peel Properties, including parking areas and grounds of the site. Repairs shall be conducted to minimize interference with Tenant's business. Notwithstanding anything contained in this Paragraph 4.1 to the contrary, Peel Properties' obligations as set forth in this Paragraph 4.1 shall not include the repair of any damage to the Premises, Building, Necessary Site Improvements, Open Area and Open Area Improvements arising from any negligence of Tenant or Tenant's agents, contractors, employees, invitees or guests. In such event, Peel Properties shall have the right, but not the obligation, to make such repairs arising from such negligence of Tenant or Tenant's Agents, Contractors, Employees, invitees or guests and the reasonable cost of such repairs arising from such negligence of Tenant or Tenant's Agents, Contractors, Employees, invitees or guests and the reasonable cost of such repairs not reimbursed to Peel Properties by an insurance company covering such damage, in the sole discretion of Peel Properties, shall be either (a) paid to Peel Properties as Additional Rent or (b) paid by Tenant promptly after demand by Peel Properties with interest at the rate of twelve percent (12%) per annum from the later date of the date expended or the date Tenant receives notice from Peel Properties thereof, but in no event to exceed the maximum rate of interest permitted by law.
Sample 1
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Related to Peel Properties' Obligations to Maintain and Operate

  • Additional Conditions to Obligations of the Company The obligations of the Company to consummate the Merger and the transactions contemplated by this Agreement shall be subject to the satisfaction at or prior to the Closing of each of the following conditions, any of which may be waived, in writing, exclusively by the Company:

  • Additional Conditions to the Obligations of the Company The obligation of the Company to consummate and effect the Merger shall be subject to the satisfaction at or prior to the Closing Date of each of the following conditions, any of which may be waived, in writing, exclusively by the Company:

  • Additional Conditions to Obligations of Company The obligation of Company to consummate and effect the Merger shall be subject to the satisfaction at or prior to the Closing Date of each of the following conditions, any of which may be waived, in writing, exclusively by Company:

  • Conditions Precedent to Obligations of the Company The obligations of the Company to effect the Merger and otherwise consummate the transactions contemplated by this Agreement are subject to the satisfaction, at or prior to the Closing, of the following conditions:

  • Conditions to Obligations of the Company The obligation of the Company to effect the Merger is also subject to the satisfaction or waiver by the Company at or prior to the Effective Time of the following conditions:

  • Additional Conditions to Obligation of the Company The obligation of the Company to effect the Merger is also subject to the following conditions:

  • Conditions to Obligations of the Parties The obligation of the Parties to effect the Generation Exchange and the other transactions contemplated by this Agreement shall be subject to the fulfillment at or prior to the Exchange Closing Date, of the following conditions: (a) The waiting period under the HSR Act applicable to the consummation of the exchange of the Exchange Assets contemplated hereby shall have expired or been terminated; (b) No preliminary or permanent injunction or other order or decree by any Governmental Authority which prevents the consummation of the exchange of the Exchange Assets contemplated herein shall have been issued and remain in effect (each Party agreeing to use its reasonable best efforts to have any such injunction, order or decree lifted) and no statute, rule or regulation shall have been enacted by any state or federal government or Governmental Authority prohibiting the consummation of the exchange of the Exchange Assets; (c) The DLC Nuclear Closing as defined in the Nuclear Conveyance Agreement shall have occurred; (d) The CAPCO Settlement Agreement shall have been executed by DLC, the FE Subsidiaries and TEC; (e) The Support Agreement shall have been executed by FE and DLC; (f) All consents or approvals, filings with, or notices to any Governmental Authority that are necessary for the consummation of the transactions contemplated by each of the CAPCO Settlement Agreement and the Electrical Facilities Agreement shall have been obtained or made, other than such consents, approvals, filings or notices which are not required in the ordinary course to be obtained or made prior to the consummation of the transactions thereunder or which, if not obtained or made, will not prevent the parties thereto from performing their material obligations thereunder; and (g) There shall be no court order requiring DQE to consummate the transactions contemplated under the Agreement and Plan of Merger between DQE and Allegheny Energy, Inc.

  • Conditions to Obligations of Parent and Sub The obligations of Parent and Sub to effect the Merger are further subject to the satisfaction or waiver on or prior to the Closing Date of the following conditions:

  • Additional Conditions to the Obligations of Parent and Merger Sub The obligations of Parent and Merger Sub to consummate and effect the Merger shall be subject to the satisfaction at or prior to the Closing Date of each of the following conditions, any of which may be waived, in writing, exclusively by Parent:

  • Conditions Precedent to the Obligations of the Company The obligation hereunder of the Company to issue and sell the shares of Common Stock to the Investor incident to each Closing is subject to the satisfaction, or waiver by the Company, at or before each such Closing, of each of the conditions set forth below.

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