PURCHASE OR LEASE OF PROPERTY Sample Clauses

PURCHASE OR LEASE OF PROPERTY. After satisfaction of the condition in Section 15.1, Grower, on or before the date twenty-four (24) months from the date of this Agreement, shall have either (i) purchased fee title to the Property or (ii) acquired a valid leasehold interest in the Property, pursuant to a lease having, among other provisions, a term of at least twenty-five (25) years, with respect to which lease Grower agrees to use its best efforts to include a provision whereby Winery shall have the right to cure any breach of Grower and to become the lessee under the lease failing Grower's cure of such breach. Winery acknowledges that Grower may acquire fee title or a leasehold interest in the Property at different times, so long as Grower acquires an interest in all of the Property on or before the date twenty-four (24) months from the date of this Agreement.
Sample 1
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PURCHASE OR LEASE OF PROPERTY. Grower shall have purchased or leased the Property, on terms reasonably satisfactory to Grower, on or before the date twenty-four (24) months from the date of this Agreement. Grower shall use its best efforts to cause this condition to be satisfied in a timely manner.
Sample 1

Related to PURCHASE OR LEASE OF PROPERTY

  • Lease of Property Landlord, for and in consideration of the covenants and agreements herein contained on the part of Tenant to be paid, kept, observed, and performed, hereby leases to Tenant, and Tenant hereby leases from Landlord for the Term (as hereinafter defined), the Property. Tenant’s use of the Property shall be in compliance with the terms of this Lease.

  • Purchase of Property With any cash at any time held by it, to purchase or subscribe for any Authorized Investment (as defined in Section 6.3) and to retain the same in trust.

  • Release of Property Except as set forth in this Section 2.6, no repayment or prepayment of all or any portion of the Loan shall cause, give rise to a right to require, or otherwise result in, the release of the Lien of the Mortgage on the Property.

  • Lease of Premises Landlord hereby leases to Tenant and Tenant hereby leases from Landlord the Premises for the Term and upon the terms and conditions hereinafter set forth.

  • SALE OF PROPERTY If the Premises is sold, the Tenant is to be notified of the new Owner, and if there is a new Manager, their contact details for repairs and maintenance shall be forwarded. If the Premises is conveyed to another party, the new owner: (check one)

  • Sale or Lease of Assets Within any period of four consecutive fiscal quarters, the Borrower will not, nor will it permit any Subsidiary to, convey, sell, lease, transfer or otherwise dispose of assets, business or operations with a net book value in excess of 25% of Total Assets as calculated as of the end of the most recent such fiscal quarter.

  • Lease The Lease Agreement (Federal Express Corporation Trust No. N667FE) dated as of August 1, 1996, as amended and restated as of October 15, 1996, entered into by the Lessor and the Lessee concurrently with the execution and delivery of the Indenture, as said Lease may from time to time be supplemented or amended, or its terms waived or modified, to the extent permitted by, and in accordance with, the terms of the Indenture, including, without limitation, supplementation by one or more Lease Supplements entered into pursuant to the applicable provisions of the Lease.

  • Demise of Premises Landlord hereby demises and lets to Tenant and Tenant hereby takes and leases from Landlord, for the term and upon the provisions hereinafter specified, the Leased Premises.

  • Use of Property The Property as defined herein shall be for the sole and exclusive use and occupation by the Tenant(s) and same’s exclusive family namely:

  • Lease of Equipment Lessor leases to Lessee, and Lessee leases from Lessor, all the property described in the Lease Schedules which are signed from time to time by Lessor and Lessee.

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