Post-Closing Lease Sample Clauses

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.
Sample 1
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.
Sample 1
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. (b) With respect to each Post Closing Lease for which neither the Seller nor the Servicer has received at least one rental payment from the related Lessee as of the Closing Date, the Borrower shall 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 if such first rental payment, or an executed original counterpart of such Post Closing Lease has not been received by February 21, 2006 or such Post Closing Lease shall otherwise be classified as a Defaulted Lease.
Sample 1
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.
Sample 1
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.
Sample 1
Post-Closing Lease. The Post-Closing Lease.
Sample 1
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. Buyer 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. Buyer and Seller 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
Sample 1

Related to Post-Closing Lease

  • Post Closing Agreements From and after the Closing, the parties shall have the respective rights and obligations which are set forth in the remainder of this Article VI.

  • Post-Closing (a) Take all necessary actions to satisfy the items described on Schedule 7.12 (as may be updated pursuant to this Agreement) within the applicable period of time specified in such Schedule (or such longer period as the Administrative Agent may agree in its sole discretion).

  • Ground Lease (a) Ground Lessee and Borrower have executed this Instrument mortgaging their separate estates in the Property for the purpose of granting to the Lender such lien as would cause the fee simple title to the Property to be sold free and clear of the Ground Lease at foreclosure sale. Ground Lessee and Borrower hereby jointly and severally waive any right, arising at law or in equity, whether presently existing or subsequently accruing, whether to Ground Lessee, Borrower, or anyone holding or claiming under or through them, to have their separate estates sold separately upon foreclosure, whether under principles of marshalling or otherwise. (b) Except as specified in Section 11.02, in any action commenced to enforce the Obligations created or arising under this Instrument, any resulting judgment or decree shall be enforceable against Ground Lessee only to the extent of Ground Lessee’s interest in the Property or other property subject to any security interest securing the Note. Subject to Section 11.01, (i) any execution on such judgment or decree, with respect to the assets of Ground Lessee, shall be limited to the Property or other property subject to any security interest securing the Note, and (ii) Ground Lessee shall not be personally liable for the payment of the indebtedness or other Obligations secured by this Instrument, nor shall execution on any judgment or decree resulting from any action to enforce the Obligations be or be caused to be a lien on any other asset of Ground Lessee other than the Property or other property subject to any security interest securing the Note. (c) Ground Lessee and Borrower each agree that neither this Instrument nor any obligation of Ground Lessee and Borrower hereunder will be released, impaired or subordinated by any amendment to this Instrument or any other document or extension of time or waiver of right or remedy as to Ground Lessee, Borrower, or any other party, or any other act or thing which, but for this provision, would so release, impair, or subordinate. (d) Ground Lessee and Ground Lessee’s interest in the Ground Lease and the Property shall be subject to all of the provisions of Section 5.01. (e) Under no circumstances shall Lender or any of its successors or assigns have any obligation or liability of any kind or nature based upon or arising under the Ground Lease, regardless of whether such obligation or liability (i) is an obligation or liability of either ground lessee or ground lessor under the Ground Lease, or (ii) arises either before or after Lender acquired title to the Property. (f) Ground Lessee and Borrower each hereby acknowledge and agree that all of the Ground Lessee’s rights and remedies under the Ground Lease, including without limitation any rights of first refusal or any purchase rights, are subject to and subordinate to this Instrument.

  • Post-Closing Covenant The Borrower agrees that it will, or will cause its relevant Subsidiaries to, complete each of the actions described on Schedule 9.14 as soon as commercially reasonable and by no later than the date set forth in Schedule 9.14 with respect to such action or such later date as the Administrative Agent may reasonably agree.

  • Existing Lease Except to the extent specifically amended hereby, all terms and conditions of the Lease remain in full force and effect. [Signatures begin on next page.]

  • Operating Lease (i) Each Borrower shall (a) promptly perform and observe all of the covenants required to be performed and observed by it under the Operating Leases and do all things necessary to preserve and to keep unimpaired its material rights thereunder; (b) promptly notify Lender of any material default under any Operating Lease of which it is aware; (c) promptly deliver to Lender a copy of any notice of default or other material notice under any Operating Lease delivered to any Operating Lessee by Borrower; (d) promptly give notice to Lender of any notice or information that Borrower receives which indicates that an Operating Lessee is terminating its Operating Lease or that any Operating Lessee is otherwise discontinuing its operation of the applicable Individual Property; and (e) promptly enforce the performance and observance of all of the material covenants required to be performed and observed by the Operating Lessee under the applicable Operating Lease. (ii) If at any time, (A) an Operating Lessee shall become insolvent or a debtor in a bankruptcy proceeding or (B) Lender or its designee has taken title to an Individual Property by foreclosure or deed in lieu of foreclosure, has become a mortgagee-in-possession, has appointed a receiver with respect to the applicable Individual Property or has otherwise taken title to such Individual Property, Lender shall have the absolute right to (and Borrower and Operating Lessee shall reasonably cooperate and not in any way hinder, delay or otherwise interfere with Lender’s right to), immediately terminate the applicable Operating Lease under and in accordance with the terms of the applicable Subordination, Attornment and Security Agreement. (iii) Borrower shall not, without the prior written consent of Lender, which consent shall not be unreasonably withheld: (a) surrender, terminate or cancel any Operating Lease or otherwise replace any Operating Lessee or enter into any other operating lease with respect to any Individual Property, provided, however, at the end of the term of each Operating Lease, the applicable Borrower may renew such Operating Lease or enter into a replacement Operating Lease with Operating Lessee on substantially the same terms as the expiring Operating Lease except that Lender shall have the right to approve any material change thereto; (b) reduce or consent to the reduction of the term of any Operating Lease; or (c) enter into, renew, amend, modify, waive any provisions of, reduce Rents under, or shorten the term of any Operating Lease.

  • Lease Estoppels With respect to each Mortgage Loan secured by retail, office or industrial properties, the Mortgage Loan Seller requested the related Mortgagor to obtain estoppels from each commercial tenant with respect to the Certified Rent Roll (except for tenants for whom the related lease income was excluded from the Mortgage Loan Seller’s underwriting). With respect to each Mortgage Loan predominantly secured by a retail, office or industrial property leased to a single tenant, the Mortgage Loan Seller reviewed such estoppel obtained from such tenant no earlier than 90 days prior to the origination date of the related Mortgage Loan (or such longer period as Mortgage Loan Seller may deem reasonable and appropriate based on Mortgage Loan Seller’s practices in connection with the origination of similar commercial and multifamily loans intended for securitization), and to Mortgage Loan Seller’s knowledge, based solely on the related estoppel, (x) the related lease is in full force and effect and (y) there exists no material default under such lease, either by the lessee thereunder or by the lessor subject, in each case, to customary reservations of tenant’s rights, such as with respect to CAM and pass-through audits and verification of landlord’s compliance with co-tenancy provisions.

  • Existing Leases With respect to those Leases listed on Exhibit "F" attached hereto and made a part hereof (the "Existing Xxxxxx Leases"), as assigned by Essex Insurance Company (an affiliate of Tenant) to Landlord, (a) Tenant acknowledges and accepts the existence of such Existing Xxxxxx Leases, and acknowledges and agrees that neither the Existing Xxxxxx Leases nor any rights of the tenants thereunder shall alter, diminish, reduce or modify any obligations of Tenant hereunder, including, but not limited to, obligations to pay Rent and Additional Rent hereunder, notwithstanding that parties other than Tenant have occupancy rights under and pursuant to the Existing Xxxxxx Leases and the space demised thereby; (b) Tenant requests that Landlord permit Tenant to receive and retain the rights to receive the rent and other performance by the tenants under the Existing Xxxxxx Leases, as if such Existing Xxxxxx Leases constituted subleases permitted hereby; (c) Landlord agrees that Tenant shall be entitled to receive and retain the rights to receive the rent and other performance by the tenants under the Existing Xxxxxx Leases, as if such Existing Xxxxxx Leases constituted subleases permitted hereby; (d) Landlord agrees that Tenant shall be entitled to negotiate with, take actions with respect to, and otherwise deal with such tenants under the Existing Xxxxxx Leases, as if such Existing Xxxxxx Leases constituted subleases permitted hereby, and, in connection therewith Landlord agrees that Landlord shall enter into any modification or amendment of such Existing Xxxxxx Leases as Tenant may direct Landlord in writing, subject to Landlord's review and approval thereof, which shall not be unreasonably withheld, delayed or conditioned, (e) Tenant shall have no right to modify or amend any covenant set forth in any Existing Xxxxxx Lease which would increase or impose any new (or extended) obligations on Landlord or on the successor in title to any landlord or lessor thereunder, after the expiration of the Term of this Lease, and (f) Landlord hereby relinquishes any rights to which Tenant is entitled under this Paragraph 10.04 during the Term or extended Term of this Lease.

  • Post-Closing Matters Execute and deliver the documents and complete the tasks set forth on Schedule 6.14, in each case within the time limits specified on such schedule, as such time limits may be extended from time to time by Agent in its reasonable discretion.

  • Post-Closing Covenants The Parties agree as follows with respect to the period following the Closing.

Most Referenced Clauses

Most Referenced Definitions