Possession and Use of the Properties. (a) At all times during the Term with respect to each Property, such Property shall be a Permitted Facility and shall be used by Lessee in the ordinary course of its business. Lessee shall pay, or cause to be paid, all charges and costs required in connection with the use of the Properties as contemplated by this Lease. Lessee shall not commit or permit any waste of the Properties or any part thereof. (b) The address stated in Section 29.1 of this Lease is the principal place of business and chief executive office of Lessee (as such terms are used in Section 9-103(3) of the Uniform Commercial Code of any applicable jurisdiction), and Lessee will provide Lessor with prior written notice of any change of location of its principal place of business or chief executive office. Regarding a particular Property, each Lease Supplement correctly identifies the initial location of the related Equipment (if any) and Improvements (if any) and contains an accurate legal description for the related parcel of Land or a copy of the Ground Lease (if any). The Equipment and Improvements respecting each particular Property will be located only at the location identified in the applicable Lease Supplement. (c) Lessee will not attach or incorporate any item of Equipment to or in any other item of equipment or personal property or to or in any real property in a manner that could give rise to the assertion of any Lien on such item of Equipment by reason of such attachment or the assertion of a claim that such item of Equipment has become a fixture and is subject to a Lien in favor of a third party that is prior to the Liens thereon created by the Operative Agreements. (d) On the Commencement Date for each Property, Lessor and Lessee shall execute a Lease Supplement in regard to such Property which shall contain an Equipment Schedule that has a general description of the Equipment which shall comprise the Property, an Improvement Schedule that has a general description of the Improvements which shall comprise the Property and a legal description of the Land to be leased hereunder (or in the case of any Property subject to a Ground Lease to be subleased hereunder) as of such date. Each Property subject to a Ground Lease shall be deemed to be ground subleased from Lessor to Lessee as of the Commencement Date, and such ground sublease shall be in effect until this Lease is terminated or expires, in each case in accordance with the terms and provisions hereof. Lessee shall satisfy and perform all obligations imposed on Lessor under each Ground Lease. Simultaneously with the execution and delivery of each Lease Supplement, such Equipment, Improvements, Land, ground subleasehold interest, all additional Equipment and all additional Improvements which are financed under the Operative Agreements after the Commencement Date and the remainder of such Property shall be deemed to have been accepted by Lessee for all purposes of this Lease and to be subject to this Lease (but subject to all rights Lessee, Construction Agent or Lessor may have against vendors, manufacturers, contractors and other third parties with respect to any such Equipment or Improvements). (e) At all times during the Term with respect to each Property, Lessee will comply with all obligations under and (to the extent no Event of Default exists and provided that such exercise will not impair the value, utility or remaining useful life of such Property) shall be permitted to exercise all rights and remedies under, all operation and easement agreements and related or similar agreements applicable to such Property.
Appears in 2 contracts
Samples: Lease Agreement (Rf Micro Devices Inc), Lease Agreement (Rf Micro Devices Inc)
Possession and Use of the Properties. (a) At all times during the Term with respect to each PropertyTerm, such Property shall be a Permitted Facility and the Properties shall be used by Lessee or any sublessee permitted under Section 25.2 for the provision of rehabilitation and other healthcare services and related activities in the ordinary course of its business. Lessee shall pay, or cause to be paid, all charges and costs required in connection with the use of the Properties as contemplated by this Lease. Lessee shall not commit or permit any waste of the Properties or any part thereof.
(b) The Lessee represents and warrants that the address stated in Section 29.1 of this Lease is the principal chief place of business and chief executive office of Lessee (as such terms are used in Section 9-103(3103 (or other corresponding section) of the Uniform Commercial Code of any applicable jurisdiction), and Lessee will provide Lessor with prior written notice of any change of location of its principal chief place of business or chief executive office. Regarding a particular Propertythe Properties, each Lease Supplement Lessee represents and warrants that Schedules I-A and I-B hereto correctly identifies identify the initial location of the related Equipment (if any) and Improvements (if any) Improvements, and Schedule I-C hereto contains an accurate legal description for the related parcel Land. Lessee has no other places of Land business where the Equipment or a copy of the Ground Lease (if any). The Equipment and Improvements respecting each particular Property will be located only at the location other than as identified in the applicable Lease Supplement.on Schedule I-C.
(c) Lessee will not attach or incorporate any item of Equipment to or in any other item of equipment or personal property or to or in any real property (except the Land identified in Schedule I-C) in a manner that could give rise to the assertion of any Lien on such item of Equipment by reason of such attachment or the assertion of a claim that such item of Equipment has become a fixture and is subject to a Lien in favor of a third party that is prior to the Liens thereon created by the Operative Agreements.
(d) On the Commencement Date for each Property, Lessor and Lessee shall execute a Lease Supplement in regard to such Property which shall contain an Equipment Schedule that has a general description of the Equipment which shall comprise the Property, an Improvement Schedule that has a general description of the Improvements which shall comprise the Property and a legal description of the Land to be leased hereunder (or in the case of any Property subject to a Ground Lease to be subleased hereunder) as of such date. Each Property subject to a Ground Lease shall be deemed to be ground subleased from Lessor to Lessee as of the Commencement Date, and such ground sublease shall be in effect until this Lease is terminated or expires, in each case in accordance with the terms and provisions hereof. Lessee shall satisfy and perform all obligations imposed on Lessor under each Ground Lease. Simultaneously with the execution and delivery of each Lease Supplement, such Equipment, Improvements, Land, ground subleasehold interest, all additional Equipment and all additional Improvements which are financed under the Operative Agreements after the Commencement Date and the remainder of such Property shall be deemed to have been accepted by Lessee for all purposes of this Lease and to be subject to this Lease (but subject to all rights Lessee, Construction Agent or Lessor may have against vendors, manufacturers, contractors and other third parties with respect to any such Equipment or Improvements).
(e) At all times during the Term with respect to each PropertyTerm, Lessee will comply with all obligations under under, and (to the extent no Event of Default exists has occurred and is continuing and provided that such exercise will not impair the value, utility or remaining useful life value of such any Property) shall be permitted to exercise all rights and remedies under, all operation and easement agreements and related or similar agreements applicable to such each Property.
Appears in 2 contracts
Samples: Lease Agreement (Healthsouth Corp), Lease Agreement (Healthsouth Corp)
Possession and Use of the Properties. (a) At Subsequent to the Completion Date, at all times during the Term (i) with respect to each Property, such Property shall be a Permitted Facility and shall be used by Lessee in the ordinary course of its businessbusiness and (ii) with respect to the Property referenced in Lease Supplement No. 1, such Property shall also be operated as a hospital. Lessee shall pay, or cause to be paid, all charges and costs required in connection with the use of the Properties as contemplated by this Lease. Lessee shall not commit or permit any waste of the Properties or any part thereof.
(b) The address stated in Section 29.1 12.2 of this Lease the Participation Agreement is the principal place of business and chief executive office of Lessee (as such terms are used in Section 9-103(3) of the Uniform Commercial Code of any applicable jurisdiction), and Lessee will provide Lessor with prior written notice of any change of location of its principal place of business or chief executive office. The location of Lessee for purposes of the Uniform Commercial Code is Alabama, and Lessee will provide Lessor and the Agent with prior written notice of any change in its location for purposes of the Uniform Commercial Code. Regarding a particular Property, each Lease Supplement correctly identifies the initial location of the related Equipment (if any) and Improvements (if any) and contains an accurate legal description for the related parcel of Land or a copy of the Ground Lease (if any). The Equipment and Improvements respecting each particular Property will be located only at the location identified in the applicable Lease Supplement.
(c) Lessee will not attach or incorporate any item of Equipment to or in any other item of equipment or personal property or to or in any real property in a manner that could give rise to the assertion of any Lien on such item of Equipment by reason of such attachment or the assertion of a claim that such item of Equipment has become a fixture and is subject to a Lien in favor of a third party that is prior to the Liens thereon created by the Operative Agreements.
(d) On the Commencement Date for each Property, Lessor and Lessee shall execute a Lease Supplement in regard to such Property which shall contain an Equipment Schedule that has a general description of the Equipment which shall comprise the Property, an Improvement Schedule that has a general description of the Improvements which shall comprise the Property and a legal description of the Land to be leased hereunder (or in the case of any Property subject to a Ground Lease to be subleased hereunder) as of such date. Each Property subject to a Ground Lease shall be deemed to be ground subleased from Lessor to Lessee as of the Commencement Date, and such ground sublease shall be in effect until this Lease is terminated or expires, in each case in accordance with the terms and provisions hereof. Lessee shall satisfy and perform all obligations imposed on Lessor under each Ground Lease. Simultaneously with the execution and delivery of each Lease Supplement, such Equipment, Improvements, Land, ground subleasehold interest, all additional Equipment and all additional Improvements which are financed under the Operative Agreements after the Commencement Date and the remainder of such Property shall be deemed to have been accepted by Lessee for all purposes of this Lease and to be subject to this Lease (but subject to all rights Lessee, Construction Agent or Lessor may have against vendors, manufacturers, contractors and other third parties with respect to any such Equipment or Improvements)Lease.
(e) At all times during the Term with respect to each Property, Lessee will comply with all obligations under and (to the extent no Event of Default exists and provided that such exercise will not impair the value, utility or remaining useful life of such Property) shall be permitted to exercise all rights and remedies under, all operation and easement agreements and related or similar agreements applicable to such Property.
Appears in 2 contracts
Samples: Lease Agreement (Healthsouth Corp), Lease Agreement (Healthsouth Corp)
Possession and Use of the Properties. (a) At all times during the Term with respect to each Property, such Property shall be a Permitted Facility and shall be used by Lessee in the ordinary course of its businessBusinesses. Pursuant to Sections 4.1 and 6.1, Lessee shall pay, or cause to be paid, all charges and costs required in connection with the use of the Properties as contemplated by this Lease. Lessee shall not commit or permit any waste of the Properties or any part thereof.
(b) The address stated in Section 29.1 6.2(i) of this Lease the Participation Agreement is the principal place of business and chief executive office of Lessee (as such terms are used in Section 9-103(3) of the Uniform Commercial Code of any applicable jurisdiction), and Lessee will provide Lessor with prior written prompt notice of any change of location of its principal place of business or chief executive office. Regarding a particular Property, each Lease Supplement will correctly identifies identify the initial location of the related Equipment (if any) and Improvements (if any) and contains contain an accurate legal description for the related parcel of Land or a copy of the Ground Lease (if any)Land. The Equipment and Improvements respecting each particular Property will be located only at the location identified in the applicable Lease Supplement.
(c) Lessee will not attach or incorporate any item of Equipment to or in any other item of equipment or personal property or to or in any real property in a manner that could give rise to the assertion of any Lien on such item of Equipment by reason of such attachment or the assertion of a claim that such item of Equipment has become a fixture and is subject to a Lien in favor of a third party that is prior to the Liens thereon created by the Operative Agreements.
(d) On the Basic Term Commencement Date for each Property, Lessor and Lessee shall execute a Lease Supplement in regard to such Property which shall contain an Equipment Schedule that has shall have a general description of the Equipment which shall comprise a portion of the Property, an Improvement Schedule that has shall have a general description of the Improvements which shall comprise a portion of the Property and a legal description of the Land to that shall be leased hereunder (or in the case of any Property subject to a Ground Lease to be subleased hereunder) as of such date. Each Property subject to a Ground Lease shall be deemed to be ground subleased from Lessor to Lessee as of the Commencement Date, and such ground sublease shall be in effect until this Lease is terminated or expires, in each case in accordance with the terms and provisions hereof. Lessee shall satisfy and perform all obligations imposed on Lessor under each Ground Lease. Simultaneously with the execution and delivery of each Lease Supplement, such Equipment, Improvements, Land, ground subleasehold interest, all additional Equipment and all additional Improvements which are financed under the Operative Agreements after the Basic Term Commencement Date and the remainder of such Property shall be deemed to have been accepted by Lessee for all purposes of this Lease and to be subject to this Lease (but subject to all Lease, except that such acceptance shall be solely for the benefit of Lessor, Agent, Lenders and Holders and shall not affect Lessee’s or Construction Agent’s rights Lessee, Construction Agent or Lessor may have against vendors, manufacturers, contractors and other third parties with respect to any such Equipment or Improvements)third parties.
(e) At all times during the Term with respect to each Property, Lessee will comply with all obligations under and (to the extent no Event of Default exists and provided that such exercise will not impair the value, utility or remaining useful life of such Property) shall be permitted to exercise all rights and remedies under, all use, occupancy, repair, access, maintenance, operation and easement agreements and related or similar agreements applicable to such Property.
Appears in 2 contracts
Samples: Lease Agreement (Sabre Holdings Corp), Lease Agreement (Sabre Holdings Corp)
Possession and Use of the Properties. (a) At all times during the Term with respect to each Property, such Property shall be a Permitted Facility and shall be used by Lessee in the ordinary course of its business. Lessee shall pay, or cause to be paid, all charges and costs required in connection with the use of the Properties as contemplated by this Lease. Lessee shall not commit or permit any waste of the Properties or any part thereof.
(b) The Lessee represents and warrants that the address stated in Section SECTION 29.1 of this Lease is the principal chief place of business and chief executive office of Lessee (as such terms are used in Section 9-103(3) 103 of the Uniform Commercial Code of any applicable jurisdiction), and Lessee will provide Lessor with prior written notice of any change of location of its principal chief place of business or chief executive office. Regarding a particular each Property, Lessee represents and warrants that each Lease Supplement correctly identifies the initial location of the related Equipment (if any) and Improvements (if any) and contains an accurate legal description for the related parcel of Land Land. Lessee has no other places of business where the Equipment or a copy of the Ground Lease (if any). The Equipment and Improvements respecting each particular Property will be located only at the location other than those identified in on the applicable Lease Supplement.
(c) Lessee will not attach or incorporate any item of Equipment to or in any other item of equipment or personal property or to or in any real property (except the Land identified in the Lease Supplement in which such Equipment is also described) in a manner that could give rise to the assertion of any Lien (other than a Permitted Lien) on such item of Equipment by reason of such attachment or the assertion of a claim that such item of Equipment has become a fixture and is subject to a Lien in favor of a third party that is prior to the Liens thereon created by the Operative Agreements.
(d) On the Commencement Date for each Property, Lessor and Lessee shall execute a Each Lease Supplement delivered under the terms of this Lease shall contain, in regard to such Property which shall contain the relevant Property, an Equipment Schedule that has a general complete description of the Equipment which shall comprise the Propertyeach item of Equipment, an Improvement Schedule that has a general complete description of the Improvements which shall comprise the Property each Improvement and a legal description of the Land Land, to be leased hereunder (or in the case of any Property subject to a Ground Lease to be subleased hereunder) as of such date. Each Property subject to a Ground Lease shall be deemed to be ground subleased from Lessor to Lessee as of the Commencement Date, and such ground sublease shall be in effect until this Lease is terminated or expires, in each case in accordance with the terms and provisions hereof. Lessee shall satisfy and perform all obligations imposed on Lessor under each Ground Lease. Simultaneously with the execution and delivery of each Lease Supplement, such Equipment, Improvements, Land, ground subleasehold interest, all additional Equipment Improvements and all additional Improvements which are financed under the Operative Agreements after the Commencement Date and the remainder of such Property Land shall be deemed to have been accepted by Lessee for all purposes of this Lease and to be subject to this Lease (but subject to all rights Lessee, Construction Agent or Lessor may have against vendors, manufacturers, contractors and other third parties with respect to any such Equipment or Improvements)Lease.
(e) At all times during the Term with respect to each Property, Lessee will comply with all obligations under under, and (to the extent no Event of Default exists has occurred and is continuing and provided that such exercise will not impair the value, utility or remaining useful life value of such Property) shall be permitted to exercise all rights and remedies under, all operation and easement agreements and related or similar agreements applicable to such Property.
Appears in 2 contracts
Samples: Lease Agreement (Tech Data Corp), Lease Agreement (Aviation Sales Co)
Possession and Use of the Properties. (a) At all times during the Term with respect to each Property, such Property shall be a Permitted Facility and shall be used by Lessee in the ordinary course of its business. Lessee shall pay, or cause to be paid, all charges and costs required in connection with the use of the Properties as contemplated by this Lease. Lessee shall not commit or permit any waste of the Properties or any part thereof.
(b) The address stated in Section 29.1 of this Lease is the principal place of business and chief executive office of Lessee (as such terms are used in Section 9-103(3) of the Uniform Commercial Code of any applicable jurisdiction), and Lessee will provide Lessor with prior written notice of any change of location of its principal place of business or chief executive office. Regarding a particular Property, each Lease Supplement correctly identifies the initial location of the related Equipment (if any) and Improvements (if any) and contains an accurate legal description for the related parcel of Land or a copy of the Ground Lease (if any). The Equipment and Improvements respecting each particular Property will be located only at the location identified in the applicable Lease Supplement.
(c) Lessee will not attach or incorporate any item of Equipment to or in any other item of equipment or personal property or to or in any real property in a manner that could give rise to the assertion of any Lien on such item of Equipment by reason of such attachment or the assertion of a claim that such item of Equipment has become a fixture and is subject to a Lien in favor of a third party that is prior to the Liens thereon created by the Operative Agreements.
(d) On the Basic Term Commencement Date for each Property, Lessor and Lessee shall execute a Lease Supplement in regard to such Property which shall contain an Equipment Schedule that has a general description of the Equipment which shall comprise the Property, an Improvement Schedule that has a general description of the Improvements which shall comprise the Property and a legal description of the Land to be leased hereunder (or in the case of any Property subject to a Ground Lease to be subleased hereunder) as of such date. Each Property subject to a Ground Lease shall be deemed to be ground subleased from Lessor to Lessee as of the Basic Term Commencement Date, and such ground sublease shall be in effect until this Lease is terminated or expires, in each case in accordance with the terms and provisions hereof. Lessee shall satisfy and perform all obligations imposed on Lessor under each Ground Lease. Simultaneously with the execution and delivery of each Lease Supplement, such Equipment, Improvements, Land, ground subleasehold interest, all additional Equipment and all additional Improvements which are financed under the Operative Agreements after the Basic Term Commencement Date and the remainder of such Property shall be deemed to have been accepted by Lessee for all purposes of this Lease and to be subject to this Lease (but subject to all rights Lessee, Construction Agent or Lessor may have against vendors, manufacturers, contractors and other third parties with respect to any such Equipment or Improvements)Lease.
(e) At all times during the Term with respect to each Property, Lessee will comply with all obligations under and (to the extent no Event of Default exists and provided that such exercise will not impair the value, utility or remaining useful life of such Property) shall be permitted to exercise all rights and remedies under, all operation and easement agreements and related or similar agreements applicable to such Property.
Appears in 2 contracts
Samples: Lease Agreement (Centennial Healthcare Corp), Lease Agreement (Sunrise Assisted Living Inc)
Possession and Use of the Properties. (a) At all times during the Term with respect to each Property, Lessee shall cause such Property shall to be a Permitted Facility and shall such Property be used by Lessee in the ordinary course of its business. Lessee shall pay, or cause to be paid, all charges and costs required in connection with the use of the Properties as contemplated by this Lease. Lessee shall not commit or permit any waste of the Properties or any part thereof.
(b) The address stated in Section 29.1 28.1 of this Lease is the principal place of business and chief executive office of Lessee (as such terms are used in Section 9-103(3) of the Uniform Commercial Code of any applicable jurisdiction), and Lessee will provide Lessor with prior written notice of any change of location of its principal chief place of business or chief executive office. Regarding a particular Property, each Lease Supplement shall correctly identifies identify the initial location of the related Equipment (if any) and Improvements (if any) and contains shall contain an accurate legal description for the related parcel of Land or a copy of the Ground Lease (if any)Land. The Equipment and Improvements respecting each particular Property will be located only at the location identified in the applicable Lease Supplement.
(c) Lessee will not attach or incorporate any item of Equipment to or in any other item of equipment or personal property or to or in any real property (except the Land identified in the Lease Supplement in which such Equipment is also described) in a manner that could give rise to the assertion of any Lien on such item of Equipment by reason of such attachment or the assertion of a claim that such item of Equipment has become a fixture and is subject to a Lien in favor of a third party that is prior to the Liens thereon created by the Operative Agreements.
(d) On or prior to the Commencement Date of Beneficial Occupancy for each Property, Lessor and Lessee shall execute a Lease Supplement in regard to such Property which shall contain an Equipment Schedule that has a general complete description of the each item of Equipment which shall comprise is then a part of the Property, an Improvement Schedule that has a general complete description of the Improvements each Improvement which shall comprise is then a part of the Property and a legal description of the Land to be leased hereunder (or in the case of any Property subject to a Ground Lease to be subleased hereunder) as of such date. Each Property subject to a Ground Lease shall be deemed to be ground subleased from Lessor to Lessee as of the Commencement Date, and such ground sublease shall be in effect until this Lease is terminated or expires, in each case in accordance with the terms and provisions hereof. Lessee shall satisfy and perform all obligations imposed on Lessor under each Ground Lease. Simultaneously with the execution and delivery of each Lease Supplement, such Equipment, Improvements, Land, ground subleasehold interest, all additional and any Equipment and all additional Improvements which are may be acquired by Lessor or have been financed under through the use of proceeds from the acquisition of Bonds pursuant to the Operative Agreements and the Bond Documents after the Commencement Date and the remainder of such Property Beneficial Occupancy shall be deemed to have been accepted by Lessee for all purposes of this Lease and to be subject to this Lease (but subject to all rights Lessee, Construction Agent or Lessor may have against vendors, manufacturers, contractors and other third parties with respect to any such Equipment or Improvements)Lease.
(e) At all times during the Term with respect to each Property, Lessee will comply with all obligations under and (to the extent no Event of Default exists and provided that such exercise will not impair the value, utility or remaining useful life of such Property) shall be permitted to exercise all rights and remedies under, all operation and easement agreements and related or similar agreements applicable to such Property.
Appears in 1 contract
Possession and Use of the Properties. (a) At all times during the Term with respect to each Property, such Property shall be a Permitted Facility and shall be used by Lessee in the ordinary course of its business. Lessee shall pay, or cause to be paid, all charges and costs required in connection with the use of the Properties as contemplated by this Lease. Lessee shall not commit or permit any waste of the Properties or any part thereof.
(b) The address stated in Section 29.1 of this Lease is the principal place of business Lessee represents and chief executive office of Lessee warrants that its location (as such terms are used defined in Section 9-103(3) 307 of the Uniform Commercial Code of any applicable jurisdiction)) is Florida, and Lessee will provide Lessor with prior written notice of any change of location of its principal place of business or chief executive officesuch location. Regarding a particular each Property, Lessee represents and warrants that each Lease Supplement correctly identifies the initial location of the related Equipment (if any) and Improvements (if any) and contains an accurate legal description for the related parcel of Land Land. Lessee has no other places of business where the Equipment or a copy of the Ground Lease (if any). The Equipment and Improvements respecting each particular Property will be located only at the location other than those identified in on the applicable Lease Supplement; provided that, so long as no Lease Event of Default shall have occurred and be continuing, it is understood that the Lessee may relocate any Equipment (not constituting fixtures) with an aggregate Property Cost of $1,000,000 or less over the Term from any Property to another Property.
(c) Lessee will not attach or incorporate any item of Equipment to or in any other item of equipment or personal property or to or in any real property (except the Land identified in the Lease Supplement in which such Equipment is also described) in a manner that could give rise to the assertion of any Lien (other than a Permitted Lien) on such item of Equipment by reason of such attachment or the assertion of a claim that such item of Equipment has become a fixture and is subject to a Lien in favor of a third party that is prior to the Liens thereon created by the Operative Agreements.
(d) On the Commencement Date for each Property, Lessor and Lessee shall execute a Each Lease Supplement delivered under the terms of this Lease shall contain, in regard to such Property which shall contain the relevant Property, an Equipment Schedule that has a general complete description of the Equipment which shall comprise the Propertyeach item of Equipment, an Improvement Schedule that has a general complete description of the Improvements which shall comprise the Property each Improvement and a legal description of the Land Land, to be leased hereunder (or in the case of any Property subject to a Ground Lease to be subleased hereunder) as of such date. Each Property subject to a Ground Lease shall be deemed to be ground subleased from Lessor to Lessee as of the Commencement Date, and such ground sublease shall be in effect until this Lease is terminated or expires, in each case in accordance with the terms and provisions hereof. Lessee shall satisfy and perform all obligations imposed on Lessor under each Ground Lease. Simultaneously with the execution and delivery of each Lease Supplement, such Equipment, Improvements, Land, ground subleasehold interest, all additional Equipment Improvements and all additional Improvements which are financed under the Operative Agreements after the Commencement Date and the remainder of such Property Land shall be deemed to have been accepted by Lessee for all purposes of this Lease and to be subject to this Lease (but subject to all rights Lessee, Construction Agent or Lessor may have against vendors, manufacturers, contractors and other third parties with respect to any such Equipment or Improvements)Lease.
(e) At all times during the Term with respect to each Property, Lessee will comply with all obligations under under, and (to the extent no Event of Default exists has occurred and is continuing and provided that such exercise will not impair the value, utility or remaining useful life value of such Property) shall be permitted to exercise all rights and remedies under, all operation and easement agreements and related or similar agreements applicable to such Property.
Appears in 1 contract
Samples: Lease Agreement (Tech Data Corp)
Possession and Use of the Properties. (a) At all times during the Term with respect to each Property, such Property shall be a Permitted Facility and shall be used by Lessee in the ordinary course of its business. Lessee shall pay, or cause to be paid, all charges and costs required in connection with the use of the Properties as contemplated by this Lease. Lessee shall not commit or permit any waste of the Properties or any part thereof. Notwithstanding anything contained herein, Lessee shall not be required to occupy all or any portion of any Property so long as Lessee takes reasonable precautions to secure each Property or portion thereof which is unoccupied and procures any additional insurance coverages (in addition to the insurance coverages required pursuant to Article XIV) reasonably necessary to protect the unoccupied Property or portion thereof.
(b) The address stated in Section 29.1 of this Lease is the principal place of business and chief executive office of Lessee (as such terms are used in Section 9-103(3) of the Uniform Commercial Code of any applicable jurisdiction), and Lessee will provide Lessor with prior written notice of any change of location of its principal place of business or chief executive office. Regarding a particular Property, each Lease Supplement correctly identifies the initial location of the related Equipment (if any) and Improvements (if any) and contains an accurate legal description for the related parcel of Land or a copy of the Ground Lease (if any). The Equipment and Improvements respecting each particular Property will be located only at the location identified in the applicable Lease Supplement.
(c) Lessee will not attach or incorporate any item of Equipment to or in any other item of equipment or personal property or to or in any real property in a manner that could give rise to the assertion of any Lien on such item of Equipment by reason of such attachment or the assertion of a claim that such item of Equipment has become a fixture and is subject to a Lien in favor of a third party that is prior to the Liens thereon created by the Operative Agreements.
(d) On the Basic Term Commencement Date for each Property, Lessor and Lessee shall execute a Lease Supplement in regard to such Property which shall contain an Equipment Schedule that has a general description of the Equipment which shall comprise the Property, an Improvement Schedule that has a general description of the Improvements which shall comprise the Property and a legal description of the Land to be leased hereunder (or in the case of any Property subject to a Ground Lease to be subleased hereunder) as of such date. Each Property subject to a Ground Lease shall be deemed to be ground subleased from Lessor to Lessee as of the Commencement Dateeffective date of the applicable Ground Lease, and such ground sublease shall be in effect until this Lease is terminated or expires, in each case in accordance with the terms and provisions hereof. Lessee shall satisfy and perform all obligations imposed on Lessor under each Ground Lease. Simultaneously with the execution and delivery of each Lease Supplement, such Equipment, Improvements, Land, ground subleasehold interest, all additional Equipment and all additional Improvements which are financed under the Operative Agreements after the Basic Term Commencement Date and the remainder of such Property shall be deemed to have been accepted by Lessee for all purposes of this Lease and to be subject to this Lease (but subject to all rights Lessee, Construction Agent or Lessor may have against vendors, manufacturers, contractors and other third parties with respect to any such Equipment or Improvements)Lease.
(e) At all times during the Term with respect to each Property, Lessee will comply with all obligations under and (to the extent no Event of Default exists and provided that such exercise will not impair the value, utility or remaining useful life of such Property) shall be permitted to exercise all rights and remedies under, all operation and easement agreements and related or similar agreements applicable to such Property.
Appears in 1 contract
Samples: Lease Agreement (Convergys Corp)
Possession and Use of the Properties. (a) At all times during the Term with respect to each Property, such Property shall be a Permitted Facility and shall be used by Lessee in the ordinary course of its business. Lessee shall pay, or cause to be paid, all charges and costs required in connection with the use of the Properties as contemplated by this Lease. Lessee shall not commit or permit any waste of the Properties or any part thereof.
(b) The address stated in Section 29.1 of this Lease is the principal place of business and chief executive office of Lessee (as such terms are used in Section 9-103(3) of the Uniform Commercial Code of any applicable jurisdiction), and Lessee will provide Lessor with prior written notice of any change of location of its principal place of business or chief executive office. Regarding a particular Property, each Lease Supplement correctly identifies the initial location of the related Equipment (if any) and Improvements (if any) and contains an accurate legal description for the related parcel of Land or a copy of the Ground Lease (if any). The Equipment and Improvements respecting each particular Property will be located only at the location identified in the applicable Lease Supplement.
(c) Lessee will not attach or incorporate any item of Equipment to or in any other item of equipment or personal property or to or in any real property in a manner that could give rise to the assertion of any Lien on such item of Equipment by reason of such attachment or the assertion of a claim that such item of Equipment has become a fixture and is subject to a Lien in favor of a third party that is prior to the Liens thereon created by the Operative Agreements.
(d) On the Commencement Date for each Property, Lessor and Lessee shall execute a Lease Supplement in regard to such Property which shall contain an Equipment Schedule that has a general description of the Equipment which shall comprise the Property, an Improvement Schedule that has a general description of the Improvements which shall comprise the Property and a legal description of the Land to be leased hereunder (or in the case of any Property subject to a Ground Lease or a Head Lease to be subleased hereunder) as of such date. Each Property subject to a Ground Lease or a Head Lease shall be deemed to be ground subleased from Lessor to Lessee as of the Commencement Date, and such ground sublease shall be in effect until this Lease is terminated or expires, in each case in accordance with the terms and provisions hereof. Lessee shall satisfy and perform all obligations imposed on Lessor under each Ground Lease or Head Lease. Simultaneously with the execution and delivery of each Lease Supplement, such Equipment, Improvements, Land, ground subleasehold interest, all additional Equipment and all additional Improvements which are financed under the Operative Agreements after the Commencement Date and the remainder of such Property shall be deemed to have been accepted by Lessee for all purposes of this Lease and to be subject to this Lease (but subject to all rights Lessee, Construction Agent or Lessor may have against vendors, manufacturers, contractors and other third parties with respect to any such Equipment or Improvements)Lease.
(e) At all times during the Term with respect to each Property, Lessee will comply with all obligations under and (to the extent no Event of Default exists and provided that such exercise will not impair the value, utility or remaining useful life of such Property) shall be permitted to exercise all rights and remedies under, all operation and easement agreements and related or similar agreements applicable to such Property.
Appears in 1 contract
Possession and Use of the Properties. (a) At all times during the Term with respect to each Property, such Property shall be a Permitted Facility and shall be used by Lessee in the ordinary course of its business. Lessee shall pay, or cause to be paid, all charges and costs required in connection with the use of the Properties as contemplated by this Lease. Lessee shall not commit or permit any waste of the Properties or any part thereof.
(b) The address stated in Section 29.1 12.2 of this Lease the Participation Agreement is the principal place of business and chief executive office of Lessee (as such terms are used in Section 9-103(39?103(3) of the Uniform Commercial Code of any applicable jurisdiction), and Lessee will provide Lessor with prior written notice of any change of location of its principal place of business or business, chief executive officeoffice and the location of its jurisdiction of organization. Regarding a particular Property, each Lease Supplement correctly identifies the initial location of the related Equipment (if any) and Improvements (if any) and contains an accurate legal description for the related parcel of Land or a copy of the Ground Lease (if any)Land. The Equipment and Improvements respecting each particular Property will be located only at the location identified in the applicable Lease Supplement.
(c) Lessee will not attach or incorporate any item of Equipment to or in any other item of equipment or personal property or to or in any real property in a manner that could give rise to the assertion of any Lien on such item of Equipment by reason of such attachment or the assertion of a claim that such item of Equipment has become a fixture and is subject to a Lien in favor of a third party that is prior to the Liens thereon created by the Operative Agreements.
(d) On the Commencement Date for each PropertyClosing Date, Lessor and Lessee shall execute a Lease Supplement in regard to such each Property which shall contain an Equipment Schedule that has a general description of the Equipment which shall comprise the Property, an Improvement Schedule that has a general description of the Improvements which shall comprise the a part of such Property and a legal description of the Land to be leased hereunder (or in the case of any Property subject to a Ground Lease to be subleased hereunder) as of such date. Each Property subject to a Ground Lease shall be deemed to be ground subleased from Lessor to Lessee as of the Commencement Date, and such ground sublease shall be in effect until this Lease is terminated or expires, in each case in accordance with the terms and provisions hereof. Lessee shall satisfy and perform all obligations imposed on Lessor under each Ground Lease. Simultaneously with the execution and delivery of each Lease Supplement, such Equipment, Improvements, Land, ground subleasehold interest, all additional Equipment interest and all additional Improvements which are financed under the Operative Agreements after the Commencement Closing Date and the remainder of such Property shall be deemed to have been accepted by Lessee for all purposes of this Lease and to be subject to this Lease (but subject to all rights Lessee, Construction Agent or Lessor may have against vendors, manufacturers, contractors and other third parties with respect to any such Equipment or Improvements)Lease.
(e) At all times during the Term with respect to each Property, Lessee will comply with all obligations under and (to the extent no Event of Default exists and provided that such exercise will not impair the value, utility or remaining useful life of such Property) shall be permitted to exercise all rights and remedies under, all operation and easement agreements and related or similar agreements applicable to such Property. Lessor shall, in Lessor's reasonable discretion, from time to time cooperate with Lessee to enable Lessee to exercise such rights and remedies including, without limitation, the execution and delivery of documents reasonably requested by the Lessee and in form and substance reasonably acceptable to Lessor.
Appears in 1 contract
Possession and Use of the Properties. (a) At all times during the Term with respect to each Property, such Property shall be a Permitted Facility and shall be used by the applicable Lessee in the ordinary course of its business. Each applicable Lessee shall pay, or cause to be paid, all charges and costs required in connection with the use of the Properties each Property with respect to which such Lessee has executed a Lease Supplement as contemplated by this Lease. No Lessee shall not commit or permit any waste of the Properties or any part thereof.
(b) The address of the applicable Lessee stated on the signature page in Section 29.1 of this each applicable Lease Supplement is the principal place of business and chief executive office of such Lessee (as such terms are used in Section 9-103(3) of the Uniform Commercial Code of any applicable jurisdiction), and such Lessee will provide Lessor with prior written notice of any change of location of its principal place of business or chief executive office. Regarding a particular Property, each Lease Supplement correctly identifies the initial location of the related Equipment (if any) and Improvements (if any) and contains an accurate legal description for the related parcel of Land or a copy of the Ground Lease (if any). The Equipment and Improvements respecting each particular Property will be located only at the location identified in the applicable Lease Supplement.
(c) No Lessee will not attach or incorporate any item of Equipment to or in any other item of equipment or personal property or to or in any real property in a manner that could give rise to the assertion of any Lien on such item of Equipment by reason of such attachment or the assertion of a claim that such item of Equipment has become a fixture and is subject to a Lien in favor of a third party that is prior to the Liens thereon created by the Operative Agreements.
(d) On the Commencement Property Closing Date for each Property, Lessor and the applicable Lessee shall execute a Lease Supplement in regard to such Property which shall contain an Equipment Schedule that has a general description of the Equipment which shall comprise the Property, an Improvement Schedule that has a general description of the Improvements which shall comprise the Property and a legal description of the Land to be leased hereunder (or in the case of any Property subject to a Ground Lease to be subleased hereunder) as of the Commencement Date for such dateProperty. Each Property subject to a Ground Lease shall be deemed to be ground subleased from Lessor to the applicable Lessee as of the Commencement DateDate for such Property, and such ground sublease shall be in effect until this Lease is terminated or expires, in each case in accordance with the terms and provisions hereof. Such Lessee shall satisfy and perform all obligations imposed on Lessor under each Ground Lease. Simultaneously with the execution and delivery of each Lease Supplement, such Equipment, Improvements, Land, ground subleasehold interest, all additional Equipment and all additional Improvements which are financed under the Operative Agreements after the Commencement Date and the remainder of such Property shall be deemed to have been accepted by such Lessee for all purposes of this Lease and to be subject to this Lease (but subject to all rights Lessee, Construction Agent or Lessor may have against vendors, manufacturers, contractors and other third parties with respect to any such Equipment or Improvements)Lease.
(e) At all times from the Property Closing Date for each Property and thereafter during the Term with respect to each Propertysuch Property with respect to which a particular Lessee has executed a Lease Supplement, such Lessee will comply with all obligations under and (to the extent no Event of Default exists and provided that such exercise will not impair the value, utility or remaining useful life of such Property) shall be permitted to exercise all rights and remedies under, all operation and easement agreements and related or similar agreements applicable to such Property.
Appears in 1 contract
Possession and Use of the Properties. (a) At all times during the Term with respect to each Property, such Property shall be a Permitted Facility and shall be used by Lessee in the ordinary course of its business. Lessee shall pay, or cause to be paid, all charges and costs required in connection with the use of the Properties as contemplated by this Lease. Lessee shall not commit or permit any waste of the Properties or any part thereof.
(b) The address stated in Section 29.1 of this Lease is the principal place of business and chief executive office of Lessee (as such terms are used in Section 9-103(3) of the Uniform Commercial Code of any applicable jurisdiction)) is 9830 Patuxent Xxxxx Drive, Columbia, Maryland, and Lessee will provide Lessor with prior written notice of any change of location of its principal place of business or chief executive office. Regarding a particular Property, each Lease Supplement correctly identifies the initial location of the related Equipment (if any) and Improvements (if any) and contains an accurate legal description for the related parcel of Land or a copy of the Ground Lease (if any). The Equipment and Improvements respecting each particular Property will be located only at the location identified in the applicable Lease Supplement.
(c) Lessee will not attach or incorporate any item of Equipment to or in any other item of equipment or personal property or to or in any real property in a manner that could give rise to the assertion of any Lien by a third party on such item of Equipment by reason of such attachment attachment, or the assertion of a claim that such item of Equipment has become a fixture and is subject to a Lien in favor of a third party party, that is prior to the Liens thereon created by the Operative Agreements.
(d) On the Commencement Date for each Property, Lessor and Lessee shall execute a Lease Supplement in regard to such Property which shall contain an Equipment Schedule that has a general description of the Equipment which shall comprise the Property, an Improvement Schedule that has a general description of the Improvements which shall comprise the Property and a legal description of the Land to be leased hereunder (or or, in the case of any Property subject to a Ground Lease Lease, to be subleased hereunder) as of such date. Each Property subject to a Ground Lease shall be deemed to be ground subleased from Lessor to Lessee as of the Commencement Date, and such ground sublease shall be in effect until this Lease is terminated or expires, in each case in accordance with the terms and provisions hereof. Lessee shall satisfy and perform all obligations imposed on Lessor under each Ground Lease. Simultaneously with the execution and delivery of each Lease Supplement, such Equipment, Improvements, Land, ground subleasehold interest, all additional Equipment and all additional Improvements which are financed under the Operative Agreements after the Commencement Date and the remainder of such Property shall be deemed to have been accepted by Lessee for all purposes of this Lease and to be subject to this Lease (but subject to all rights Lessee, Construction Agent or Lessor may have against vendors, manufacturers, contractors and other third parties with respect to any such Equipment or Improvements)Lease.
(e) At all times during the Term with respect to each Property, Lessee will comply with all obligations under and (to the extent no Event of Default exists and provided that such exercise will not impair the value, utility or remaining useful life of such Property) shall be permitted to exercise all rights and remedies under, all operation and easement agreements and related or similar agreements applicable to such Property.
Appears in 1 contract
Samples: Lease Agreement (Us Foodservice/Md/)
Possession and Use of the Properties. (a) At all times during following the Term with respect to each PropertyCompletion Date, such Property the Properties in the aggregate shall be constitute a Permitted Facility and shall be used by Lessee in the ordinary course of its business. Lessee shall pay, or cause to be paid, all charges and costs required in connection with the use of the Properties as contemplated by this Lease. Lessee shall not commit or permit any waste of the Properties or any part thereof.
(b) The address stated in Section 29.1 6.2(i) of this Lease the Participation Agreement is the principal place of business and chief executive office of Lessee (as such terms are used in Section 9-103(3) of the Uniform Commercial Code of any applicable jurisdiction), and Lessee will provide Lessor with prior written notice of any change of location of its principal place of business or chief executive office. Regarding a particular Property, each Lease Supplement correctly identifies the initial location of the related Equipment (if any) and Improvements (if any) and contains an accurate legal description for the related parcel of Land or a copy of the Ground Lease (if any)Land. The Equipment and Improvements respecting each particular Property will be located only at the location identified in the applicable Lease Supplement.
(c) Lessee will not attach or incorporate any item of Equipment to or in any other item of equipment or personal property or to or in any real property in a manner that could give rise to the assertion of any Lien (in favor of a third party that is prior to the Liens thereon created by the Operative Agreements) on such item of Equipment by reason of such attachment or the assertion of a claim that such item of Equipment has become a fixture and is subject to a Lien in favor of a third party that is prior to the Liens thereon created by the Operative Agreements.
(d) On the Basic Term Commencement Date for each Property, Lessor and Lessee shall execute a Lease Supplement in regard to such Property which shall contain an Equipment Schedule that has a general description of the Equipment (if any) which 9 14 shall comprise the Property, an Improvement Schedule that has a general description of the Improvements (if any) which shall comprise the Property and a legal description of the Land to be leased hereunder (or in if any) which shall comprise the case of any Property subject to a Ground Lease to be subleased hereunder) as of such date. Each Property subject to a Ground Lease shall be deemed to be ground subleased from Lessor to Lessee as of the Commencement Date, and such ground sublease shall be in effect until this Lease is terminated or expires, in each case in accordance with the terms and provisions hereof. Lessee shall satisfy and perform all obligations imposed on Lessor under each Ground LeaseProperty. Simultaneously with the execution and delivery of each Lease Supplement, such Equipment, Improvements, Land, ground subleasehold interest, all additional Equipment and all additional Improvements which are financed under the Operative Agreements after the Basic Term Commencement Date and the remainder of such Property shall be deemed to have been accepted by Lessee for all purposes of this Lease and to be subject to this Lease (but subject to all rights Lessee, Construction Agent or Lessor may have against vendors, manufacturers, contractors and other third parties with respect to any such Equipment or Improvements)Lease.
(e) At all times during the Term with respect to each Property, Lessee will comply with all obligations under and (to the extent no Event of Default exists and provided that such exercise will not impair the value, utility or remaining useful life of such Property) shall be permitted to exercise all rights and remedies under, all operation and easement agreements and related or similar agreements applicable to such Property.
Appears in 1 contract
Samples: Master Lease Agreement (Veritas Software Corp /De/)
Possession and Use of the Properties. (a) At all times during the Term with respect to each Property, such Property shall be a Permitted Facility and shall be used by Lessee in the ordinary course of its business. Lessee shall pay, or cause to be paid, all charges and costs required in connection with the use of the Properties as contemplated by this Lease. Lessee shall not commit or permit any waste of the Properties or any part thereof.
(b) The address stated in Section 29.1 of this Lease is the principal place of business Lessee represents and chief executive office of Lessee warrants that its location (as such terms are used defined in Section 9-103(3) 307 of the Uniform Commercial Code of any applicable jurisdiction)) is Florida, and Lessee will provide Lessor with prior written notice of any change of location of its principal place of business or chief executive officesuch location. Regarding a particular each Property, Lessee represents and warrants that each Lease Supplement correctly identifies the initial location of the related Equipment (if any) and Improvements (if any) and contains an accurate legal description for the related parcel of Land or a copy Land. Lessee has no other places of business where the Ground Lease (if any). The Equipment and Improvements respecting each particular Property will be located only at the location other than those identified in on the applicable Lease Supplement.
(c) Lessee will not attach or incorporate any item of Equipment included in the Improvements related to any Property to or in any other item of equipment or personal property or to or in any real property (except the Land identified in the related Lease Supplement) in a manner that could give rise to the assertion of any Lien (other than a Permitted Lien) on such item of Equipment by reason of such attachment or the assertion of a claim that such item of Equipment has become a fixture and is subject to a Lien in favor of a third party that is prior to the Liens thereon created by the Operative Agreements.
(d) On the Commencement Date for each Property, Lessor and Lessee shall execute a Each Lease Supplement delivered under the terms of this Lease contained, in regard to such Property which shall contain an Equipment Schedule that has a general description of the Equipment which shall comprise the relevant Property, an Improvement Schedule that has had a general complete description of the Improvements which shall comprise the Property each Improvement and a legal description of the Land Land, to be leased hereunder (or in the case of any Property subject to a Ground Lease to be subleased hereunder) as of such date. Each Property subject to a Ground Lease shall be deemed to be ground subleased from Lessor to Lessee as of the Commencement Date, and date of such ground sublease shall be in effect until this Lease is terminated or expires, in each case in accordance with the terms and provisions hereof. Lessee shall satisfy and perform all obligations imposed on Lessor under each Ground Lease. Simultaneously with the execution and delivery of each Lease Supplement, such Equipment, Improvements, Land, ground subleasehold interest, all additional Equipment . Such Improvements and all additional Improvements which are financed under the Operative Agreements after the Commencement Date and the remainder of such Property shall be deemed to Land have been accepted by Lessee for all purposes of this Lease and to be are subject to this Lease (but subject to all rights Lessee, Construction Agent or Lessor may have against vendors, manufacturers, contractors and other third parties with respect to any such Equipment or Improvements)Lease.
(e) At all times during the Term with respect to each Property, Lessee will comply with all obligations under under, and (to the extent no Event of Default exists has occurred and is continuing and provided that such exercise will not impair the value, utility or remaining useful life value of such Property) shall be permitted to exercise all rights and remedies under, all operation and easement agreements and related or similar agreements applicable to such Property.
Appears in 1 contract
Samples: Lease Agreement (Tech Data Corp)
Possession and Use of the Properties. (a) At all times during the Term with respect to each Property, such Property shall be a Permitted Facility and shall be used by Lessee in the ordinary course of its business. Lessee shall pay, or cause to be paid, all charges and costs required in connection with the use of the Properties as contemplated by this Lease. Lessee shall not commit or permit any waste of the Properties or any part thereof.
(b) The address stated in Section 29.1 of this Lease is the principal place of business Lessee represents and chief executive office of Lessee warrants that its location (as such terms are used defined in Section 9-103(3) 307 of the Uniform Commercial Code of any applicable jurisdiction)) is Florida, and Lessee will provide Lessor with prior written notice of any change of location of its principal place of business or chief executive officesuch location. Regarding a particular each Property, Lessee represents and warrants that each Lease Supplement correctly identifies the initial location of the related Equipment (if any) and Improvements (if any) and contains an accurate legal description for the related parcel of Land Land. Lessee has no other places of business where the Equipment or a copy of the Ground Lease (if any). The Equipment and Improvements respecting each particular Property will be located only at the location other than those identified in on the applicable Lease Supplement; provided that, so long as no Lease Event of Default shall have occurred and be continuing, it is understood that the Lessee may relocate any Equipment (not constituting fixtures) with an aggregate Property Cost of $1,000,000 or less over the Term from any Property to another Property.
(c) Lessee will not attach or incorporate any item of Equipment to or in any other item of equipment or personal property or to or in any real property (except the Land identified in the Lease Supplement in which such Equipment is also described) in a manner that could give rise to the assertion of any Lien (other than a Permitted Lien) on such item of Equipment by reason of such attachment or the assertion of a claim that such item of Equipment has become a fixture and is subject to a Lien in favor of a third party that is prior to the Liens thereon created by the Operative Agreements.
(d) On the Commencement Date for each Property, Lessor and Lessee shall execute a Each Lease Supplement delivered under the terms of this Lease contained, in regard to such Property which shall contain the relevant Property, an Equipment Schedule that has had a general complete description of the Equipment which shall comprise the Propertyeach item of Equipment, an Improvement Schedule that has had a general complete description of the Improvements which shall comprise the Property each Improvement and a legal description of the Land Land, to be leased hereunder (or in the case of any Property subject to a Ground Lease to be subleased hereunder) as of such date. Each Property subject to a Ground Lease shall be deemed to be ground subleased from Lessor to Lessee as of the Commencement Date, and date of such ground sublease shall be in effect until this Lease is terminated or expires, in each case in accordance with the terms and provisions hereof. Lessee shall satisfy and perform all obligations imposed on Lessor under each Ground Lease. Simultaneously with the execution and delivery of each Lease Supplement, such . Such Equipment, Improvements, Land, ground subleasehold interest, all additional Equipment Improvements and all additional Improvements which are financed under the Operative Agreements after the Commencement Date and the remainder of such Property shall be deemed to Land have been accepted by Lessee for all purposes of this Lease and to be are subject to this Lease (but subject to all rights Lessee, Construction Agent or Lessor may have against vendors, manufacturers, contractors and other third parties with respect to any such Equipment or Improvements)Lease.
(e) At all times during the Term with respect to each Property, Lessee will comply with all obligations under under, and (to the extent no Event of Default exists has occurred and is continuing and provided that such exercise will not impair the value, utility or remaining useful life value of such Property) shall be permitted to exercise all rights and remedies under, all operation and easement agreements and related or similar agreements applicable to such Property.
Appears in 1 contract
Samples: Lease Agreement (Tech Data Corp)
Possession and Use of the Properties. (a) At all times during the Term with respect to each Property, such Property shall be a Permitted Facility and shall be used by Lessee in the ordinary course of its business. Lessee shall pay, or cause to be paid, all charges and costs required in connection with the use of the Properties as contemplated by this Lease. Lessee shall not commit or permit any waste of the Properties or any part thereof.
(b) The address stated in Section 29.1 of this Lease is the principal place of business and chief executive office of Lessee (as such terms are used in Section 9-103(3) of the Uniform Commercial Code of any applicable jurisdiction), and Lessee will provide Lessor with prior written notice of any change of location of its principal place of business or chief executive office. Regarding a particular Property, each Lease Supplement correctly identifies the initial location of the related Equipment (if any) and Improvements (if any) and contains an accurate legal description for the related parcel of Land or a copy of the Ground Lease (if any). The Equipment and Improvements respecting each particular Property will be located only at the location identified in the applicable Lease Supplement.
(c) Lessee will not attach or incorporate any item of Equipment to or in any other item of equipment or personal property or to or in any real property in a manner that could give rise to the assertion of any Lien on such item of Equipment by reason of such attachment or the assertion of a claim that such item of Equipment has become a fixture and is subject to a Lien in favor of a third party that is prior to the Liens thereon created by the Operative Agreements.
(d) On the Basic Term Commencement Date for each Property, Lessor and Lessee shall execute a Lease Supplement in regard to such Property which shall contain an Equipment Schedule that has a general description of the Equipment which shall comprise the Property, an Improvement Schedule that has a general description of the Improvements which shall comprise the Property and a legal description of the Land to be leased hereunder (or in the case of the Little Rock Property and any Property subject to a Ground Lease to be subleased hereunder) as of such date. Each Property subject to a Ground Lease shall be deemed to be ground subleased from Lessor to Lessee as of the Basic Term Commencement DateDate for such Property, and such ground sublease shall be in effect until this Lease is terminated or expires, in each case in accordance with the terms and provisions hereof. Lessee shall satisfy and perform all obligations imposed on Lessor under each Ground Lease and Head Lease. Simultaneously with the execution and delivery of each Lease Supplement, such Equipment, Improvements, Land, leasehold interest, ground subleasehold interest, all additional Equipment and all additional Improvements which are financed under the Operative Agreements Agreements, the Bond Loan Documents and the Bond Documents after the Basic Term Commencement Date and the remainder of such Property shall be deemed to have been accepted by Lessee for all purposes of this Lease and to be subject to this Lease (but subject to all rights Lessee, Construction Agent or Lessor may have against vendors, manufacturers, contractors and other third parties with respect to any such Equipment or Improvements)Lease.
(e) At all times during the Term with respect to each Property, Lessee will comply with all obligations under and (to the extent no Event of Default exists and provided that such exercise will not impair the value, utility or remaining useful life of such Property) shall be permitted to exercise all rights and remedies under, all operation and easement agreements and related or similar agreements applicable to such Property.
Appears in 1 contract
Samples: Lease Agreement (Acxiom Corp)
Possession and Use of the Properties. (a) At all times during the Term with respect to each Property, such Property shall be a Permitted Facility and shall be used by Lessee in the ordinary course of its business. Lessee shall pay, or cause to be paid, all charges and costs required in connection with the use of the Properties as contemplated by this Lease. Lessee shall not commit or permit any waste of the Properties or any part thereof.
(b) The address stated in Section 29.1 of this Lease is the principal place of business and chief executive office of Lessee (as such terms are used in Section 9-103(3) of the Uniform Commercial Code of any applicable jurisdiction), and Lessee will provide Lessor with prior written notice of any change of location of its principal place of business or chief executive office. Regarding a particular Property, each Lease Supplement correctly identifies the initial location of the related Equipment (if any) and Improvements (if any) and contains an accurate legal description for the related parcel of Land or a copy of the Ground Lease (if any). The Equipment and Improvements respecting each particular Property will be located only at the location identified in the applicable Lease Supplement.
(c) Lessee will not attach or incorporate any item of Equipment to or in any other item of equipment or personal property or to or in any real property in a manner that could give rise to the assertion of any Lien on such item of Equipment by reason of such attachment or the assertion of a claim that such item of Equipment has become a fixture and is subject to a Lien in favor of a third party that is prior to the Liens thereon created by the Operative Agreements.
(d) On the Commencement Property Closing Date for each Property, Lessor and Lessee shall execute a Lease Supplement in regard to such Property which shall contain an Equipment Schedule that has a general description of the Equipment which shall comprise the Property, an Improvement Schedule that has a general description of the Improvements which shall comprise the Property and a legal description of the Land to be leased hereunder (or in the case of any Property subject to a Ground Lease to be subleased hereunder) as of the Commencement Date for such dateProperty. Each Property subject to a Ground Lease shall be deemed to be ground subleased from Lessor to Lessee as of the Commencement Date, and such ground sublease shall be in effect until this Lease is terminated or expires, in each case in accordance with the terms and provisions hereof. Lessee shall satisfy and perform all obligations imposed on Lessor under each Ground Lease. Simultaneously with the execution and delivery of each Lease Supplement, such Equipment, Improvements, Land, ground subleasehold interest, all additional Equipment and all additional Improvements which are financed under the Operative Agreements after the Commencement Date and the remainder of such Property shall be deemed to have been accepted by Lessee for all purposes of this Lease and to be subject to this Lease (but subject to all rights Lessee, Construction Agent or Lessor may have against vendors, manufacturers, contractors and other third parties with respect to any such Equipment or Improvements)Lease.
(e) At all times from the Property Closing Date for each Property and thereafter during the Term with respect to each such Property, Lessee will comply with all obligations under and (to the extent no Event of Default exists and provided that such exercise will not impair the value, utility or remaining useful life of such Property) shall be permitted to exercise all rights and remedies under, all operation and easement agreements and related or similar agreements applicable to such Property.
Appears in 1 contract
Possession and Use of the Properties. (a) At all times during the Term with respect to Term, each Property, such Property shall be a Permitted Facility and shall be used by Lessee in the ordinary course of its business. Lessee shall pay, or cause to be paid, all charges and costs required in connection with the use of the Properties as contemplated by this Lease. Lessee shall not commit or permit any waste of the Properties or any part thereof.
(b) The address stated specified for notices to Lessee by the reference in Section 29.1 of this Lease is the principal place of business and chief executive office ------------ of Lessee (as such terms are used in Section 9-103(3) of the Uniform Commercial Code of any applicable jurisdiction)Lessee, and Lessee will provide Lessor with prior written notice of any change of location of its principal place of business or business, chief executive officeoffice or its state of formation. Regarding a particular Property, each Lease Supplement correctly identifies the initial location of the related Equipment (if any) and Improvements (if any) and contains an accurate legal description for the related parcel of Land or a copy of the Ground Lease (if any)Land. The Equipment and Improvements respecting each particular Property will be located only at the location identified in the applicable Lease Supplement, but if no Lease Default or Lease Event of Default has occurred and is continuing, Lessee may relocate any item of Equipment to another Property. At each time Lessee is required to deliver financial statements under Article XXVIII, -------------- Lessee will notify Lessor in writing of the location of all Equipment that it has moved from one Property to another during the applicable fiscal quarter.
(c) Lessee will not attach or incorporate any item of Equipment to or in any other item of equipment or personal property or to or in any real property in a manner that could give rise to the assertion of any Lien on such item of Equipment by reason of such attachment or the assertion of a claim that such item of Equipment has become a fixture and is subject to a Lien in favor of a third party that is prior to the Liens thereon created by the Operative Agreements.
(d) On the Term Commencement Date for each PropertyDate, Lessor and Lessee shall execute for each Property a Lease Supplement in regard to such Property which shall contain containing an Equipment Schedule that has a general description of the Equipment which shall comprise related to the Property, Property and an Improvement Schedule that has a general description of the Improvements which shall comprise related to the Property and a legal description of the Land to be leased hereunder (or in the case of any Property subject to a Ground Lease to be subleased hereunder) as of such date. Each Property subject to a Ground Lease shall be deemed to be ground subleased from Lessor to Lessee as of the Commencement Date, and such ground sublease shall be in effect until this Lease is terminated or expires, in each case in accordance with the terms and provisions hereof. Lessee shall satisfy and perform all obligations imposed on Lessor under each Ground Lease. Simultaneously with the execution and delivery of each Lease Supplement, such the Equipment, Improvements, Improvements and Land, ground subleasehold interest, all additional Equipment and all additional Improvements which are financed under the Operative Agreements after the Commencement Date and the remainder of such Property Property, shall be deemed to have been accepted by Lessee for all purposes of this Lease and to be subject to this Lease (but subject to all rights Lessee, Construction Agent or Lessor may have against vendors, manufacturers, contractors and other third parties with respect to any such Equipment or Improvements)Lease.
(e) At all times during the Term with respect to each PropertyTerm, Lessee will comply with all obligations under and (to the extent no Lease Default or Lease Event of Default exists and provided that such exercise will not impair the value, utility or remaining useful life of such any Property) shall be permitted to exercise all rights and remedies under, all operation and easement agreements and related or similar agreements applicable to such Propertythe Properties.
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Possession and Use of the Properties. (a) At all times during the Term with respect to each Property, such Property shall be a Permitted Facility and shall be used by Lessee in the ordinary course of its business. Lessee shall pay, or cause to be paid, all charges and costs required in connection with the use of the Properties as contemplated by this Lease. Lessee shall not commit or permit any waste of the Properties or any part thereof.
(b) The address stated in Section 29.1 of this Lease is the principal place of business and chief executive office of Lessee (as such terms are used in Section 9-103(3) of the Uniform Commercial Code of any applicable jurisdiction), and Lessee will provide Lessor with prior written notice of any change of location of its principal place of business or chief executive office. Regarding a particular Property, each Lease Supplement correctly identifies the initial location of the related Equipment (if any) and Improvements (if any) and contains an accurate legal description for the related parcel of Land or a copy of the Ground Lease (if any). The Equipment and Improvements respecting each particular Property will be located only at the location identified in the applicable Lease Supplement.
(c) Lessee will not attach or incorporate any item of Equipment to or in any other item of equipment or personal property or to or in any real property in a manner that could give rise to the assertion of any Lien on such item of Equipment by reason of such attachment or the assertion of a claim that such item of Equipment has become a fixture and is subject to a Lien in favor of a third party that is prior to the Liens thereon created by the Operative Agreements.
(d) On the Basic Term Commencement Date for each Property, Lessor and Lessee shall execute a Lease Supplement in regard to such Property which shall contain an Equipment Schedule that has a general description of the Equipment which shall comprise the Property, an Improvement Schedule that has a general description of the Improvements which shall comprise the Property and a legal description of the Land to be leased hereunder (or in the case of any Property subject to a Ground Lease Lease, to be subleased hereunder) as of such date. Each Property subject to a Ground Lease shall be deemed to be ground subleased from Lessor to Lessee as of the Basic Term Commencement Date, and such ground sublease shall be in effect until this Lease is terminated or expires, in each case in accordance with the terms and provisions hereof. Lessee shall satisfy and perform all obligations imposed on Lessor under each Ground Lease. Simultaneously with the execution and delivery of each Lease Supplement, such Equipment, Improvements, Land, ground subleasehold interest, all additional Equipment and all additional Improvements which are financed under the Operative Agreements after the Basic Term Commencement Date and the remainder of such Property shall be deemed to have been accepted by Lessee for all purposes of this Lease and to be subject to this Lease (but subject to all rights Lessee, Construction Agent or Lessor may have against vendors, manufacturers, contractors and other third parties with respect to any such Equipment or Improvements)Lease.
(e) At all times during the Term with respect to each Property, Lessee will comply in all material respects with all obligations under and (to the extent no Event of Default exists and provided that such exercise will not impair the value, utility or remaining useful life of such Property) shall be permitted to exercise all rights and remedies under, all operation and easement agreements and related or similar agreements applicable to such Property.
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Possession and Use of the Properties. (a) At all times during the Term with respect to each PropertyTerm, such Property shall be a Permitted Facility and the Properties shall be used by Lessee or any sublessee permitted under Section 25.2 for the provision of rehabilitation and other healthcare services and related activities in the ordinary course of its business. Lessee shall pay, or cause to be paid, all charges and costs required in connection with the use of the Properties as contemplated by this Lease. Lessee shall not commit or permit any waste of the Properties or any part thereof.
(b) The Lessee represents and warrants that the address stated in Section 29.1 of this Lease is the principal chief place of business and chief executive office of Lessee (as such terms are used in Section 9-103(3103 (or other corresponding section) of the Uniform Commercial Code of any applicable jurisdiction), and Lessee will provide Lessor with prior written notice of any change of location of its principal chief place of business or chief executive office. Regarding a particular Propertythe Properties, each Lease Supplement Lessee represents and warrants that Schedules I-A and I-B hereto correctly identifies identify the initial location of the related Equipment (if any) and Improvements (if any) Improvements, and Schedule I-C hereto contains an accurate legal description for the related parcel Land. Lessee has no other places of Land business where the Equipment or a copy of the Ground Lease (if any). The Equipment and Improvements respecting each particular Property will be located only at the location other than those identified in the applicable Lease Supplement.on Schedule I-C.
(c) Lessee will not attach or incorporate any item of Equipment to or in any other item of equipment or personal property or to or in any real property (except the Land identified in Schedule I-C) in a manner that could give rise to the assertion of any Lien on such item of Equipment by reason of such attachment or the assertion of a claim that such item of Equipment has become a fixture and is subject to a Lien in favor of a third party that is prior to the Liens thereon created by the Operative Agreements.
(d) On the Commencement Date for each Property, Lessor and Lessee shall execute a Each Lease Supplement delivered under the terms of this Lease shall contain, in regard to such Property which shall contain the relevant Property, an Equipment Schedule that has a general complete description of the Equipment which shall comprise the Propertyeach item of Equipment, an Improvement Schedule that has a general complete description of the Improvements which shall comprise the Property each Improvement and a legal description of the Land to be leased hereunder (or in the case of any Property subject to a Ground Lease to be subleased hereunder) as of such date. Each Property subject to a Ground Lease shall be deemed to be ground subleased from Lessor to Lessee as of the Commencement Date, and such ground sublease shall be in effect until this Lease is terminated or expires, in each case in accordance with the terms and provisions hereof. Lessee shall satisfy and perform all obligations imposed on Lessor under each Ground Lease. Simultaneously with the execution and delivery of each Lease Supplement, such Equipment, Improvements, Land, ground subleasehold interest, all additional Equipment Improvements and all additional Improvements which are financed under the Operative Agreements after the Commencement Date and the remainder of such Property Land shall be deemed to have been accepted by Lessee for all purposes of this Lease and to be subject to this Lease (but subject to all rights Lessee, Construction Agent or Lessor may have against vendors, manufacturers, contractors and other third parties with respect to any such Equipment or Improvements)Lease.
(e) At all times during the Term with respect to each PropertyTerm, Lessee will comply with all obligations under under, and (to the extent no Event of Default exists has occurred and is continuing and provided that such exercise will not impair the value, utility or remaining useful life value of such any Property) shall be permitted to exercise all rights and remedies under, all operation and easement agreements and related or similar agreements applicable to such each Property.
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Samples: Lease Agreement (Healthsouth Corp)
Possession and Use of the Properties. (a) At all times during the Term with respect to each Property, such Property shall be a Permitted Facility and shall be used by Lessee in the ordinary course of its business. Lessee shall pay, or cause to be paid, all charges and costs required in connection with the use of the Properties as contemplated by this Lease. Lessee shall not commit or permit any waste of the Properties or any part thereof.
(b) The Lessee represents and warrants that the address stated in Section 29.1 of this Lease is the principal chief place of business and chief executive office of Lessee (as such terms are used in Section 9-103(3) 103 of the Uniform Commercial Code of any applicable jurisdiction), and Lessee will provide Lessor with prior written notice of any change of location of its principal chief place of business or chief executive office. Regarding a particular each Property, Lessee represents and warrants that each Lease Supplement correctly identifies the initial location of the related Equipment (if any) and Improvements (if any) and contains an accurate legal description for the related parcel of Land Land. Lessee has no other places of business where the Equipment or a copy of the Ground Lease (if any). The Equipment and Improvements respecting each particular Property will be located only at the location other than those identified in on the applicable Lease Supplement.
(c) Lessee will not attach or incorporate any item of Equipment to or in any other item of equipment or personal property or to or in any real property (except the Land identified in the Lease Supplement in which such Equipment is also described) in a manner that could give rise to the assertion of any Lien (other than a Permitted Lien) on such item of Equipment by reason of such attachment or the assertion of a claim that such item of Equipment has become a fixture and is subject to a Lien in favor of a third party that is prior to the Liens thereon created by the Operative Agreements.
(d) On the Commencement Date for each Property, Lessor and Lessee shall execute a Each Lease Supplement delivered under the terms of this Lease shall contain, in regard to such Property which shall contain the relevant Property, an Equipment Schedule that has a general complete description of the Equipment which shall comprise the Propertyeach item of Equipment, an Improvement Schedule that has a general complete description of the Improvements which shall comprise the Property each Improvement and a legal description of the Land Land, to be leased hereunder (or in the case of any Property subject to a Ground Lease to be subleased hereunder) as of such date. Each Property subject to a Ground Lease shall be deemed to be ground subleased from Lessor to Lessee as of the Commencement Date, and such ground sublease shall be in effect until this Lease is terminated or expires, in each case in accordance with the terms and provisions hereof. Lessee shall satisfy and perform all obligations imposed on Lessor under each Ground Lease. Simultaneously with the execution and delivery of each Lease Supplement, such Equipment, Improvements, Land, ground subleasehold interest, all additional Equipment Improvements and all additional Improvements which are financed under the Operative Agreements after the Commencement Date and the remainder of such Property Land shall be deemed to have been accepted by Lessee for all purposes of this Lease and to be subject to this Lease (but subject to all rights Lessee, Construction Agent or Lessor may have against vendors, manufacturers, contractors and other third parties with respect to any such Equipment or Improvements)Lease.
(e) At all times during the Term with respect to each Property, Lessee will comply with all obligations under under, and (to the extent no Event of Default exists has occurred and is continuing and provided that such exercise will not impair the value, utility or remaining useful life value of such Property) shall be permitted to exercise all rights and remedies under, all operation and easement agreements and related or similar agreements applicable to such Property.
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Possession and Use of the Properties. (a) At all times during the Term with respect to each Property, such Property shall be a Permitted Facility and shall be used by Lessee in the ordinary course of its business. Lessee shall pay, or cause to be paid, all charges and costs required in connection with the use of the Properties as contemplated by this Lease. Lessee shall not commit or permit any waste of the Properties or any part thereof, normal wear and tear excepted.
(b) The address stated in Section 29.1 12.2 of this Lease the Participation Agreement is the principal place of business and chief executive office of Lessee (as such terms are used in Section 9-103(3) of the Uniform Commercial Code of any applicable jurisdiction), and Lessee will provide Lessor with prior written notice of any change of location of its principal place of business or chief executive office. Regarding a particular Property, each Lease Supplement correctly identifies the initial location of the related Equipment (if any) and Improvements (if any) and contains an accurate legal description for the related parcel of Land or a copy of the Ground Lease (if any). The Equipment and Improvements respecting each particular Property will be located only at the location identified in the applicable Lease Supplement.
(c) Lessee will not attach or incorporate any item of Equipment to or in any other item of equipment or personal property or to or in any real property in a manner that could give rise to the assertion of any Lien on such item of Equipment by reason of such attachment or the assertion of a claim that such item of Equipment has become a fixture and is subject to a Lien in favor of a third party that is prior to the Liens thereon created by the Operative Agreements.
(d) On the Commencement Date for each Property, Lessor and Lessee shall execute a Lease Supplement in regard to such Property which shall contain an Equipment Schedule that has a general complete description of the each item of Equipment which shall comprise is then a part of the Property, an Improvement Schedule that has a general complete description of the Improvements each Improvement which shall comprise is then a part of the Property and a legal description of the Land to be leased hereunder (or in the case of any Property subject to a Ground Lease to be subleased hereunder) as of such date. Each Property subject to a Ground Lease shall be deemed to be ground subleased from Lessor to Lessee as of the Commencement Date, and such ground sublease shall be in effect until this Lease is terminated or expires, in each case in accordance with the terms and provisions hereof. Lessee shall satisfy and perform all obligations imposed on Lessor under each Ground Lease. Simultaneously with the execution and delivery of each Lease Supplement, such Equipment, Improvements, Land, ground subleasehold interest, all additional Equipment and all additional Improvements which are financed under the Operative Agreements after the Commencement Date and the remainder of such Property shall be deemed to have been accepted by Lessee for all purposes of this Lease and to be subject to this Lease (but subject to all rights Lessee, Construction Agent or Lessor may have against vendors, manufacturers, contractors and other third parties with respect to any such Equipment or Improvements)Lease.
(e) At all times during the Term with respect to each Property, Lessee will comply with all obligations under and (to the extent no Event of Default exists and provided that such exercise will not impair the value, utility or remaining useful life of such Propertyno Material Adverse Effect shall result) shall be permitted to exercise all rights and remedies under, all operation and easement agreements and related or similar agreements applicable to such Property.
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Possession and Use of the Properties. (a) At all times during the Term with respect to each Property, such Property shall be a Permitted Facility and shall be used by Lessee in the ordinary course of its business. Lessee shall pay, or cause to be paid, all charges and costs required in connection with the use of the Properties as contemplated by this Lease. Lessee shall not commit or permit any waste of the Properties or any part thereof.
(b) The Lessee represents and warrants that the address stated in Section 29.1 of this Lease is the principal chief place of business and chief executive office of Lessee (as such terms are used in Section 9-103(3) 103 of the Uniform Commercial Code of any applicable jurisdiction), and Lessee will provide Lessor with prior written notice of any change of location of its principal chief place of business or chief executive office. Regarding a particular each Property, Lessee represents and warrants that each Lease Supplement correctly identifies the initial location of the related Equipment (if any) and Improvements (if any) and contains an accurate legal description for the related parcel of Land Land. Lessee has no other places of business where the Equipment or a copy of the Ground Lease (if any). The Equipment and Improvements respecting each particular Property will be located only at the location other than those identified in on the applicable Lease Supplement.
(c) Lessee will not attach or incorporate any item of Equipment to or in any other item of equipment or personal property or to or in any real property (except the Land identified in a manner that could give rise to the assertion of any Lien on Lease Supplement in which such item of Equipment by reason of such attachment or the assertion of a claim that such item of Equipment has become a fixture and is subject to a Lien in favor of a third party that is prior to the Liens thereon created by the Operative Agreements.is
(d) On the Commencement Date for each Property, Lessor and Lessee shall execute a Each Lease Supplement delivered under the terms of this Lease shall contain, in regard to such Property which shall contain the relevant Property, an Equipment Schedule that has a general complete description of the Equipment which shall comprise the Propertyeach item of Equipment, an Improvement Schedule that has a general complete description of the Improvements which shall comprise the Property each Improvement and a legal description of the Land Land, to be leased hereunder (or in the case of any Property subject to a Ground Lease to be subleased hereunder) as of such date. Each Property subject to a Ground Lease shall be deemed to be ground subleased from Lessor to Lessee as of the Commencement Date, and such ground sublease shall be in effect until this Lease is terminated or expires, in each case in accordance with the terms and provisions hereof. Lessee shall satisfy and perform all obligations imposed on Lessor under each Ground Lease. Simultaneously with the execution and delivery of each Lease Supplement, such Equipment, Improvements, Land, ground subleasehold interest, all additional Equipment Improvements and all additional Improvements which are financed under the Operative Agreements after the Commencement Date and the remainder of such Property Land shall be deemed to have been accepted by Lessee for all purposes of this Lease and to be subject to this Lease (but subject to all rights Lessee, Construction Agent or Lessor may have against vendors, manufacturers, contractors and other third parties with respect to any such Equipment or Improvements)Lease.
(e) At all times during the Term with respect to each Property, Lessee will comply with all obligations under under, and (to the extent no Event of Default exists has occurred and is continuing and provided that such exercise will not impair the value, utility or remaining useful life value of such Property) shall be permitted to exercise all rights and remedies under, all operation and easement agreements and related or similar agreements applicable to such Property.
Appears in 1 contract
Possession and Use of the Properties. (a) At all times during the Term with respect to each Property, such Property shall be a Permitted Facility and shall be used by Lessee in the ordinary course of its business. Lessee shall pay, or cause to be paid, all charges and costs required in connection with the use of the Properties as contemplated by this Lease. Lessee shall not commit or permit any waste of the Properties or any part thereof.
(b) The address stated in Section 29.1 12.2 of this Lease the Participation Agreement is the principal place of business and chief executive office of Lessee (as such terms are used in Section 9-103(3) of the Uniform Commercial Code of any applicable jurisdiction), and Lessee will provide Lessor with prior written notice of any change of location of its principal place of business or chief executive office. Regarding a particular Property, each Lease Supplement correctly identifies the initial location of the related Equipment (if any) and Improvements (if any) and contains an accurate legal description for the related parcel of Land or a copy of the Ground Lease (if any)Land. The Equipment and Improvements respecting each particular Property will be located only at the location identified in the applicable Lease Supplement.
(c) Lessee will not attach or incorporate any item of Equipment to or in any other item of equipment or personal property or to or in any real property in a manner that could give rise to the assertion of any Lien on such item of Equipment by reason of such attachment or the assertion of a claim that such item of Equipment has become a fixture and is subject to a Lien in favor of a third party that is prior to the Liens thereon created by the Operative Agreements.
(d) On the Commencement Date for each Property, Lessor and Lessee shall execute a Lease Supplement in regard to such Property which shall contain an Equipment Schedule that has a general description of the Equipment which shall comprise the Property, an Improvement Schedule that has a general description of the Improvements which shall comprise the Property and a legal description of the Land to be leased hereunder (or in the case of any Property subject to a Ground Lease to be subleased hereunder) as of such date. Each Property subject to a Ground Lease shall be deemed to be ground subleased from Lessor to Lessee as of the Commencement Date, and such ground sublease shall be in effect until this Lease is terminated or expires, in each case in accordance with the terms and provisions hereof. Lessee shall satisfy and perform all obligations imposed on Lessor under each Ground Lease. Simultaneously with the execution and delivery of each Lease Supplement, such Equipment, Improvements, Land, ground subleasehold interest, all additional Equipment and all additional Improvements which are financed under the Operative Agreements after the Commencement Date and the remainder of such Property shall be deemed to have been accepted by Lessee for all purposes of this Lease and to be subject to this Lease (but subject to all rights Lessee, Construction Agent or Lessor may have against vendors, manufacturers, contractors and other third parties with respect to any such Equipment or Improvements).
(e) At all times during the Term with respect to each Property, Lessee will comply with all obligations under and (to the extent no Event of Default exists and provided that such exercise will not impair the value, utility or remaining useful life of such Property) shall be permitted to exercise all rights and remedies under, all operation and easement agreements and related or similar agreements applicable to such Property. Lessor shall, in Lessor's reasonable discretion, from time to time cooperate with Lessee to enable Lessee to exercise such rights and remedies including, without limitation, the execution and delivery of documents reasonably requested by the Lessee and in form and substance reasonably acceptable to Lessor.
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Possession and Use of the Properties. (a) At all times during the Term with respect to each Property, such Property shall be a Permitted Facility and shall be used by Lessee in the ordinary course of its business. Lessee shall pay, or cause to be paid, all charges and costs required in connection with the use of the Properties as contemplated by this Lease. Lessee shall not commit or permit any waste of the Properties or any part thereof.
(b) The address stated in Section 29.1 of this Lease is the principal place of business and chief executive office of Lessee (as such terms are used in Section 9-103(3) of the Uniform Commercial Code of any applicable jurisdiction), and Lessee will provide Lessor with prior written notice of any change of location of its principal chief place of business or chief executive office. Regarding a particular Property, each Lease Supplement correctly identifies the initial location of the related Equipment (if any) and Improvements (if any) and contains an accurate legal description for the related parcel of Land or a copy of the Ground Lease (if any)Land. The Equipment and Improvements respecting each particular Property will be located only at the location identified in the applicable Lease Supplement.
(c) Lessee will not attach or incorporate any item of Equipment to or in any other item of equipment or personal property or to or in any real property (except the Land identified in the Lease Supplement in which such Equipment is also described) in a manner that could give rise to the assertion of any Lien on such item of Equipment by reason of such attachment or the assertion of a claim that such item of Equipment has become a fixture and is subject to a Lien in favor of a third party that is prior to the Liens thereon created by the Operative Agreements.
(d) On the Basic Term Commencement Date for each Property, Lessor and Lessee shall execute a Lease Supplement in regard to such Property which shall contain an Equipment Schedule that has a general complete description of the each item of Equipment which shall comprise is then a part of the Property, an Improvement Schedule that has a general complete description of the Improvements each Improvement which shall comprise is then a part of the Property and a legal description of the Land to be leased hereunder (or in the case of any Property Land subject to a Ground Lease to be subleased hereunder) as of such date. Each Property All Land subject to a Ground Lease shall be deemed to be ground subleased from Lessor to Lessee as of the Basic Term Commencement Date, and such ground sublease shall be in effect until this Lease is terminated or expires, in each case in accordance with the terms and provisions hereof. Lessee shall satisfy and perform all obligations imposed on Lessor under each Ground Lease. Simultaneously with the execution and delivery of each Lease Supplement, such Equipment, Improvements, Land, ground subleasehold interestinterest in Land, all additional Equipment and all additional Improvements which are financed under the Operative Agreements after the Basic Term Commencement Date and the remainder of such Property shall be deemed to have been accepted by Lessee for all purposes of this Lease and to be subject to this Lease (but subject to all rights Lessee, Construction Agent or Lessor may have against vendors, manufacturers, contractors and other third parties with respect to any such Equipment or Improvements)Lease.
(e) At all times during the Term with respect to each Property, Lessee will comply with all obligations under and (to the extent no Event of Default exists and provided that such exercise will not impair the value, utility or remaining useful life of such Property) shall be permitted to exercise all rights and remedies under, all operation and easement agreements and related or similar agreements applicable to such Property.
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