Premises Leases. The Premises Leases are in full force and effect and represent the legal, valid and binding obligations of the parties thereto, in accordance with the respective terms of each Premises Lease. No default exists under any of the Premises Leases. Lessee's use of the Equipment Premises and Leasehold Equipment thereon is in compliance with the Premises Leases.
Premises Leases. Except as disclosed in Schedule 3.1(15) of the NovaGold Disclosure Letter, the NovaGold Subs, GCP and the Operator do not have any Premises Leases.
Premises Leases. Except as disclosed in Schedule 4.1(14) of the Disclosure Letter, the Vendor does not have any Premises Leases in respect of the New Afton Mine.
Premises Leases. On or prior to the Closing, M&M and the Shareholder shall cause M&M’s existing lease with respect to the M&M Premises to be terminated. Concurrently with the Closing, the Shareholder agrees to cause the owners of the M&M Premises to enter into the Premises Lease with M&M.
Premises Leases. The Seller shall deliver to the Purchaser valid assignments of leases for the West 100th Street Premises and the Flushing Premises (in each case wixxxxx xxxxxxent), in each case accompanied by written consent of the landlord with respect to such assignment, together with landlord waivers in the form annexed hereto as Exhibit 1.7, all in such form as shall be acceptable to the Purchaser in its discretion. The Purchaser shall reasonably cooperate in executing and delivering to the Seller assignments of the leases for the Premises and the aforementioned landlord waivers.
Premises Leases. Except as disclosed in Schedule 3.1(13) of the Disclosure Letter, the Company is not and, following closing of the Pre-Closing Reorganization, will not be a party to any material Premises Leases.
Premises Leases. Seller shall have delivered to Buyer an accurate list, as of the Closing Date, showing any and all premises or commercial leases to which NTA, VSL and/or L&L is a party, or which otherwise constitute a liability, obligation or commitment of NTA, VSL and/or L&L. It is understood that Buyer is not assuming any premises or commercial lease which cannot be terminated without liability, at the sole election of Buyer, upon thirty (30) days advance written notice, or any liability, commitment and/or obligation related thereto, all of which shall be and remain the sole obligation of Seller, and Seller agrees to indemnify and hold harmless Buyer, L&L, VSL and NTA from any liability with respect thereto.
Premises Leases. Owner shall take all necessary and reasonable steps to maintain the current leases of the Business Premises.
Premises Leases. At Closing and thereafter, each Seller shall use all reasonable efforts to assign, all right, title and interest under the leases ("LEASES") to the Centers; provided, that the consents to the assignments of the various Leases will not be procured, the procurement of such consents will not be a condition to Closing, and the fact that Sellers shall not have procured such consents shall not be a breach of any of the Sellers' obligations hereunder, and Buyer agrees to take the Leases with full knowledge that consents to the assignments were required, and Buyer will indemnify and hold Sellers harmless from any damages in connection with not receiving such consents. If consent to any assignment is not procured by Closing, Buyer shall simply occupy such space and hold each Seller harmless from any and all costs which may arise out of the failure to procure such consent, and all costs and expenses arising after the Closing from such Leases. Each Seller has provided Buyer with a copy of the Leases. All rents and other charges accruing as of the Closing shall have been paid or accrued by Sellers in full. All rents and other charges accruing after Closing shall be the sole responsibility of Buyer. Notwithstanding the foregoing, should a landlord start eviction proceedings against Buyer, solely due to the parties' failure to procure a consent to the assignment pursuant hereto, then the costs of moving such center shall be deducted from Contribution Margin for the Year in which such moving costs are incurred.
Premises Leases. Bikers and Mull xxxee to use their best efforts to obtain the consent of the landlords to the assignment of the premises leases, as described in Section 1.1(g) of the Asset Purchase Agreement, from Mull xx Bikers. In the event that the landlords refuse to consent to the release of Mull xxx Silvxxx xxxer said premises leases, then said assignments shall provide that Bikers shall indemnify Mull xxx Silvxxx xxxinst all liability arising under said premises leases. Said assignments shall also provide that, in the event of any default by Bikers under the leases, which remains uncured for the maximum period permitted under said premises leases, then Mull xxxll have the right to retake possession of the premises and to cure said defaults.