Performance of Lease. Zond covenants and agrees that for the term of this Agreement that it will comply with the terms of, and perform its obligations under, the Lease so as to maintain and preserve its rights and interests thereunder and the rights and interests of the Series A Partnership therein under and pursuant to this Agreement.
Performance of Lease. Borrower shall (i) fulfill, perform and observe in all respects each and every material condition and material covenant of Borrower contained in the Lease; (ii) give prompt notice to Lender of any claim or event of default or noncompliance under the Lease given to Borrower by Landlord or given by Borrower to Landlord, together with a complete copy or statement of any information submitted or referenced in support of such claim or event of default; (iii) at the sole cost and expense of Borrower, enforce the performance and observance of each and every material covenant and material condition of the Lease to be performed or observed by any other party to the Lease unless such enforcement is waived in writing by Lender; (iv) appear in and defend any action challenging the validity, enforceability or priority of the lien created hereby or the validity or enforceability of the Lease; and (v) timely exercise all renewal options under the Lease while any Obligation under the Junior Loan remains outstanding. The Lease shall not be modified, amended, terminated, cancelled or surrendered by Borrower without Lender’s prior written consent. Without limiting the generality of the foregoing, Borrower shall not, without Lender’s prior written consent, elect to treat the Lease or the leasehold estate created thereunder as terminated under Section 365 of the Code, after rejection or disaffirmance of the Lease by the Landlord (whether as debtor in possession or otherwise) or by any trustee of the Landlord, and any such election made without such consent shall be void and ineffective. Borrower shall not assign, transfer, mortgage, pledge or hypothecate the Lease or any interest therein to any party other than Lender, Senior Lender or Subordinate Lender without first obtaining Lender’s prior written consent. Borrower shall not waive or release any person from the observance or performance of any material obligation to be performed under the terms of the Lease or liability on account of any material warranty given thereunder. Any modification, amendment, termination, cancellation, surrender, assignment, transfer, mortgage, pledge, hypothecation, waiver or release in violation of the foregoing shall be null and void and of no force and effect. Borrower agrees that if Borrower, at any time while the Obligations are outstanding, acquires fee title or any greater estate than it holds as of the date of this Mortgage in and to the Land or the Real Property, the lien of this Mortgage...
Performance of Lease. During the performance of this lease, lessee will in any aeronautical activity for furnishing services to the public at the airport:
Performance of Lease. Borrower shall promptly pay when due all rents, charges, expenses and other sums or amounts required to be paid by the Tenant under the Lease and shall faithfully keep and perform each and all of the terms, covenants, provisions and agreements to be kept and performed by the Tenant under the Lease and shall do all things necessary to preserve and keep unimpaired the rights and interests of Borrower, as Tenant, under the Lease. Upon receipt by Lender from the Landlord of any written notice of default or failure to perform any of the terms, covenants, provisions or agreements of the Lease to be paid, observed or performed by Borrower, Lender may rely thereon and may pay any amount and take any action necessary to cure such breach or default, even though the existence of such breach or default may be questioned or denied by Borrower. Borrower shall reimburse Lender on demand for all amounts expended by Lender in effecting such cure, together with interest thereon from the date of demand at the rate provided in the Note.
Performance of Lease. Assignor agrees to each of the following:
Performance of Lease. The right to exercise this Option is conditioned upon the faithful performance by Tenant of all its covenants, conditions, and agreements under this Lease, and the payment by Tenant of all Rent and any other special payments as provided in this Lease to the date of the completion of the purchase of the property by Txxxxx.
Performance of Lease. The right to exercise this option is conditioned upon the faithful performance by Lessee of all its covenants, conditions, and agreements under this lease, and the payment by Lessee of all Base Rent, and other special payments as provided in this lease to the date of the completion of the purchase of the Property by Xxxxxx.
Performance of Lease. School's right to exercise the Option to Purchase is conditioned upon no uncured Event of Default at the time School exercises the Option to Purchase and at closing.480
Performance of Lease. The right to exercise this option is conditioned upon the faithful performance by Tenant of all its covenants, conditions, and agreement under this Lease, and the payment by Tenant of all rent and any other special payments as provided in this Lease to the date of the completion of the purchase of the property by Tenant.
Performance of Lease. The Lessor shall satisfy, or cause the Lessee to satisfy, each of the obligations of the Lessee under the Lease, including without limitation, the obligation to (A) maintain insurance on the Properties, (B) maintain and upkeep the Properties, and (C) pay real estate taxes and assessments associated with owning and operating the Properties.
