Post-Closing Lease. Execution of a post-closing lease of the Property to Seller (the “Post-Closing Lease”) shall be a contingency to Closing. This contingency shall be for the sole benefit of Seller and may be waived only by Seller. Xxxxx and Seller have agreed that the term of the Post-Closing Lease shall be eighteen (18) months from the Closing, provided that either party may terminate the lease no earlier than six (6) months after the beginning of the Post-Closing Lease if the terminating party provides the other party with not less than one hundred twenty (120) days written notice of termination. Xxxxx and Xxxxxx shall in good faith attempt to negotiate and agree within 20 days following the Effective Date upon the remaining terms of the Post-Closing Lease. If the parties fail to agree on the remaining terms within that 20-day period, Seller and Buyer may mutually agree to extend the negotiation period for another 20 days. If the parties fail to agree on the remaining terms, Seller may elect to cancel this Agreement by written notice to Buyer given on or before ten (10) days after the expiration of the initial 20-day period or, in the event the negotiation period is extended, on or before ten (10) days after the expiration of the second twenty
Post-Closing Lease. On the Closing Date, Purchaser, as lessor, and Sellers, as lessees, shall enter into a Short Term De Facto Transfer Lease substantially in the form set forth in Exhibit B (the “Spectrum Lease”) providing for (i) the lease of the B4 spectral portion of License WPQL333 (1875-1880 and 1955-1960 MHz) from Purchaser to Richmond 20 for a term commencing on the Closing Date and ending on the later of June 30, 2015 or thirty (30) days from the Closing Date (or such lesser period of days as determined by Richmond 20 prior to Closing); (ii) the lease of License KNLG676 from Purchaser to NTELOS for a term commencing on the Closing Date and ending on the later of June 30, 2015 or thirty (30) days from the Closing Date (or such lesser period of days as determined by NTELOS prior to Closing); and (iii) the lease of the B3 spectral portion of License WPQL333 (1870-1875 and 1950-1955 MHz) from Purchaser to Richmond 20 for a term commencing on the Closing Date and ending on the later of November 15, 2015 or thirty (30) days from the Closing Date (or such lesser period of days as determined by Richmond 20 prior to Closing). The Parties shall file appropriate applications with the FCC on Form 608 in “paper copy” format sufficiently in advance of Closing to enable the term of the Lease to commence on the Closing Date.
Post-Closing Lease. (a) The Borrower shall deliver to the Agent, by not later than April 30, 2006, the executed original counterpart of each Post Closing Lease or, if not delivered by such date, exclude such Post Closing Lease and the related Containers from the calculation of the Class A Asset Base, the Class B Asset Base and the Maximum Asset Base.
Post-Closing Lease. Prior to the expiration of the Due Diligence Period, Buyer and RSL Medford shall have negotiated and approved in writing the form of the Post-Closing Lease.
Post-Closing Lease. At the Closing of the purchase and sale of the Property, Seller will execute a lease to Purchaser, to be effective upon funding of the purchase and sale of the Property, to lease back 119,192 square feet of the Property at the rate of $3.50 per square foot per year, triple net, payable monthly during the term of the lease. The lease will be only effective upon the c losing and funding of the sale of the Property pursuant to this Contract and the lease term shall be from the date of closing and funding through April 30, 2016, on or before which date Seller as tenant under the lease shall vacate the Property. The lease shall be a written lease agreement executed by Xxxxxxxxx and Seller at the Closing, subject to approval by counsel for Purchaser and Seller.
Post-Closing Lease. At the Closing of the purchase and sale of the Property, Purchaser as Landlord and Tenant shall execute and deliver the Master Lease in the form attached hereto as Exhibit "A". The Master Lease shall only be effective upon the Closing and Funding of the sale of the Property pursuant to the Contract. Post Closing Sublease. At the Closing of the purchase and sale of the Property, Tenant as Sublessor and Seller as Sublessee shall execute and deliver the Sublease in the form attached hereto as Exhibit "B". The Sublease shall only be effective upon the closing and funding of the sale of the Property pursuant to the Contract and the execution and delivery of the Master Lease between Purchaser as Landlord and Tenant, and the lease term of the Sublease shall be from the date of closing and funding through April 20, 2016.
Post-Closing Lease. The Post-Closing Lease.
