PRIOR LEASE. Landlord and Tenant acknowledge and agree that, upon the execution of this Lease, Tenant is occupying the Premises under the terms of that certain Lease dated March 31, 1985 by and between The Connecticut Bank and Trust Company, National Association, not individually, but as Trustee under Xxxx Trust No. 85-1, as the lessor thereunder ("PRIOR TRUSTEE"), and Tenant, as the Lessee thereunder ("PRIOR LEASE"). This Lease shall take effect in place of and simultaneously with the rejection of the Prior Lease. Contemporaneously with the execution and delivery of this Lease, to the extent that such execution and delivery occurs after August 1, 1992, Landlord shall credit Tenant as hereinafter provided, with any amount (the "Reduction Amount"), to be applied against Basic Rental (but not against any Additional Rent or any other amounts becoming due under the terms of this Lease) thereafter accruing under the is Lease, equal to the remainder of (I) the basic rental rate actually paid by Tenant under the Prior Lease from August 1, 1992, through the date on which this Lease is executed and delivered; less (ii) the Basic Rental that Tenant would have paid for such period under this Lease if this Lease had been executed and delivered prior to August 1, 1992; provided, however, that (1) nothing in this Section 25 shall constitute, evidence or effect any waiver, release, termination, extinguishment, reduction or impairment under or with respect to the Prior Lease, including, without limitation, any claims regarding (a) the Prior lease, or (b) any rejection or the Prior lease in the bankruptcy case hereinbefore described, it being understood and agreed that this Section 25 shall be automatically deleted from this Lease without further action or documentation by any party in the event that it would otherwise be given such interpretation or effect, and (2) the Reduction Amount shall in no event reduce the first three (3) monthly payments of Basic Rental under this Lease to less than $100,000 each, and Tenant shall be obligated to pay all amounts of accrued Additional Rent in full, plus Basic Rental for each of said three (3) months in amounts of no less than $100,000 each, regardless of the application of any portion of any Reduction Amount.
PRIOR LEASE. The parties executed a Lease Agreement dated October 1, 2015 (hereinafter “Lease Agreement”) with a term of lease commencing on the 1st day of October 2015, and which expires on the 1st day of October 2016. All terms, conditions, and provisions of said Lease Agreement are hereby incorporated by reference or by attachment.
PRIOR LEASE. This Lease supersedes the existing lease between ------------------------ Landlord and Tenant with respect to the leased premises (the "Prior Lease"), which shall have no further force or effect as of the date hereof, except for Tenant's continuing obligation to pay rent and perform its obligations which accrued under the Prior Lease prior to the date hereof which shall continue in effect until such rent has been paid and such obligations performed.
PRIOR LEASE. This Lease shall render null and void any previous lease or agreements between Lessee and Lessor for the Premises.
PRIOR LEASE. Notwithstanding anything contained herein to the contrary, Landlord and Tenant hereby acknowledge and agree that prior to the Commencement Date of this Lease, Tenant’s predecessor-in-interest is occupying the Suite 100 portion of the Leased Premises pursuant to that certain Office Lease Agreement dated June 18, 2007, as amended by that certain First Amendment dated March 30, 2011 (collectively, the “Prior Lease”). Tenant hereunder is succeeding to the interest of Tenant’s predecessor in interest. Landlord and Tenant agree that through the date immediately prior to the Commencement Date of this Lease, the Prior Lease shall control. As of the occurrence of the Commencement Date, this Lease shall control and the Prior Lease shall be null and void and of no further force and effect.
PRIOR LEASE. On the Rent Commencement Date, the existing Lease Agreement, between Landlord and Tenant for other space in the Center shall automatically terminate, and Tenant shall vacate such premises on or before that date. Tenant shall be responsible for compliance with all terms and conditions of such prior lease to the extent they relate to the period prior to its termination date, or expressly survive lease termination.
PRIOR LEASE. The Farm Property and the Butlxx Xxxlding were leased to Tenant pursuant to the terms and conditions of that certain Lease, dated as of April 4, 1990, between Landlord and Tenant (the "Prior Lease"). The Prior Lease expired on April 4, 1991, and since that time, Tenant has been renting the Farm Property and the Butlxx Xxxlding from Landlord on a month-to-month basis.
PRIOR LEASE. The Lessee acknowledges that any previous lease between it and the Lessor in respect of the demised premises is terminated and that the Lessor is the owner of the hangar erected thereon by the Lessee or its predecessors and that, except as provided in this lease, the Lessee has no right, title, claim or interest in such hangar.
PRIOR LEASE. The Prior Lease is hereby terminated effective May 31, 2014.
PRIOR LEASE. The parties agree to terminate that certain lease of the Premises which is of record at Book 4883, Page 57, Register's Office of Davidson County, Tennessee (the "Prior Lease"), and that such termination shall occur, following the execution and delivery of this Lease, as the Effective Date hereof.
