Premises Lease. Landlord owns certain premises, described in Exhibit A attached hereto (the “Premises”) and has leased the Premises to Company pursuant to a lease (the “Lease”). The Lease is in full force and effect and Company is not in default of any provision of the Lease.
Premises Lease. Lessor and Lessee agree that the rentable square footage of the Premises is THREE HUNDRED FIFTY-FOUR THOUSAND SEVEN HUNDRED NINETY-SEVEN (354,797) square feet. Notwithstanding any provision in the Lease to the contrary, except as provided in Paragraph 3(c) of this Second Amendment, Lessor shall not have any right to relocate the location of the Premises. Accordingly, Paragraphs 3(b) and 3(c) of the First Amendment are hereby deleted in their entirety. From and after the Effective Date, the term Lease, as used in the Original Lease, the MOU, the First Amendment and this Second Amendment, shall mean and refer to the Original Lease as amended by the MOU, the First Amendment and this Second Amendment.
Premises Lease. The Company shall have maintained in good standing the terms of all the leases to the real property.
Premises Lease. Purchaser acknowledges receipt of a valid Lease Agreement from the landlord for the premises occupied by the business prior to the Date of Closing, which Lease Agreement is a condition of closing.
Premises Lease. Buyer shall not assume any obligations pursuant to the lease for the premises currently occupied by Seller (the "Premises") but shall be granted the right by Seller on the Closing Date to occupy such Premises on the temporary basis described below. At Closing, Buyer will pay Seller a fee of $32,670 for the right to access and use the Premises for thirty days following the Closing Date. Following that thirty day period, Buyer will pay Seller in advance a fee of $8,167.50 for the right to access and use the Premises for successive seven day periods. Buyer may vacate the Premises at any time and cease payments upon 30 days' notice to Seller. Buyer shall have no other obligation related to the Premises, and Seller agrees to indemnify and hold Buyer harmless against any and all claims by any third party related to the Premises; provided, however, Buyer shall not be held harmless from any claims caused by the acts or negligence of Buyer or its employees or agents.
Premises Lease. The Company shall have maintained in good standing the terms of the lease to the property located at 0000 X. Xxxx Xxxxx Xxxxxxx and 0000 Xxxxxxxx Xxxxxxx, Xxxx Xxxxx Xxxxxxx (the “Premises Lease”).
Premises Lease. 34.1 [ ] At Closing, Seller shall assign and Buyer shall assume the lease on the Business premises with Lessor's written consent, and this Contract shall be subject to such consent where consent is required.
34.2 [ ] Alternately, at Buyer's option, Seller shall cooperate with the Buyer in obtaining a new premises lease on substantially the same terms and conditions as the Seller's existing lease, to be effective as of the Closing Date.
34.3 [ ] Other:
Premises Lease. 14 6.11 RELEASE OF MENTERGY, LTD.........................................14
Premises Lease. As set forth in the Premises Lease Contract, the Grantor shall lease the land and all improvements on the land, including buildings, where the Facility is located, to the Contractor.
Premises Lease. Franchisee shall lease from the City of LaGrange the real estate described on exhibit "B", attached hereto and incorporated herein, and any real estate described in exhibit "A" which Landlord can not transfer in fee to Franchisee. Franchisee agrees to pre-pay annual rent of One Thousand Two Hundred dollars ($1,200.00) per year for Tract 1 of exhibit B, and the parties agree that the consideration and rent for Tract 2 of exhibit B shall be a portion of the Thirty Thousand dollars ($30,000.00) cash paid for the multiple land transfers from the City to Franchisee and Franchisee's construction and development of an asphalt surface street from the intersection of Third Street and Polk Street to State Route B, as evidenced in the parties' Agreement for Land Transfer and Street Construction dated December 13, 1999, a copy of which is attached hereto as Exhibit C. Tenant shall not erect structures or buildings upon the premises. Franchisee shall pay all costs of acquisition and development of said real estate leases. The lease shall commence December 13, 1999 through July 25, 2001, and then renew for ten (10) years commencing July 25, 2001. Franchisee shall have the first option to renew this lease for the real estate described in exhibit B provided Franchisee gives to the City sixty (60) days written notice of its intent to renew the lease, which may be renewed for four (4) successive periods of five (5) years each. The City shall have the right to terminate the lease in the event of a breach of the same by the Franchisee and the City shall also have the right to refuse to renew the lease at the end of its term in the event of the Franchisee's breach of the same, after the city has given ninety (90) days written notice to the Franchisee of said breach and the Franchisee has failed to remedy or remove said monetary breach within ten (10) days thereafter. Tenant shall be allowed to park moveable objects on the premises, to the extent allowed by City law. Tenant shall maintain the premises in a neat and orderly fashion, including control of weeds and brush. No garbage, trash, refuge, furniture or discarded items shall be placed on the property. No animals shall be kept in or upon the premises. Tenant promises not to sublet the premises to any other person or entity without first obtaining the City's express written consent, which the City may withhold for any reason. Tenant shall have the right to assign its interest in the subject lease to any lender or creditor of...