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. 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. 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. The Company shall have maintained in good standing the terms of all the leases to the real property.
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. 34.1 [ ] At Closing, Seller shall assign and Buyer shall assume the lease on the Business premises with Xxxxxx'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. 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. 20 "Prime Rate"...............................................................................20 "Property".................................................................................20 "Purchase Agreement".......................................................................20 "Purchase Documents".......................................................................20 "Purchase Option"..........................................................................20 "Qualified Affiliate"......................................................................20 "
Premises Lease. Buyer acknowledges that the Premises are leased from Burroughs & Chapin Company, Xxx. xxxxuanx xx xhat certain Lease dated January 24, 1997 (the "Premises Lease"). Seller agrees at the Closing, to assign and transfer all of its right, title and interest in and to the Premises Lease to Buyer and Buyer agrees to assume and perform all of the tenant's obligations under the Premises Lease from and after the Closing. Buyer will cause the Landlord under the Premises Lease to formally release and discharge Seller from all liability and obligation under the Premises Lease from and after the Closing. Buyer will reimburse Seller at the Closing, for all advance rentals and security deposits that it has made under the Premises Lease as a part of the Purchase Price Adjustment.
Premises Lease. Landlord represents to Lender that it is the sole legal and beneficial owner of the Leased Premises and the Lease and further represents as follows: (i) the Lease is duly executed, in full force and effect and has not been amended, modified or renewed except as described above; (ii) Borrower is not in default of any of its obligations under the Lease; and (iii) all rent and other payments due from Borrower under the Lease have been paid through the date hereof.
