Real Estate Lease. (a) Except as could not reasonably be expected to have a Material Adverse Effect, each of the Borrower and its Subsidiaries has (i) good and marketable fee title to all of its owned Real Property Assets and (ii) good and valid title to the leasehold estates in all of the leased Real Property Assets, in each case free and clear of all Liens except Permitted Liens.
Real Estate Lease. At the Closing, Seller will cause NewPage-WI to lease to Buyer, and Buyer will lease from NewPage-WI, the real property and improvements located at Wisconsin Rapids, Wisconsin consisting of the office building and adjacent parking area, together with access to and from a public street (“Leased Office Facility”), to be more fully described in the form of real estate lease to be negotiated in good faith and prepared by the parties consistent with the terms of this Section 5.23 and delivered at the Closing (“Office Lease”). The initial term of the Office Lease will be no less than ten (10) years, subject to extension or renewal by mutual consent of NewPage-WI and Buyer. Base rental during the Office Lease term will be $1,000.00 per year. Buyer will lease the Office Facility “as is” and in its current condition, subject to the existing deed restrictions applicable to the Leased Office Facility and without any warranty or representation whatsoever by NewPage-WI. Buyer will pay to NewPage-WI as additional rental, or pay directly to the provider, all real estate taxes, property perils insurance, and utilities serving the Leased Office Facility. Buyer will at its sole expense maintain the Leased Office Facility throughout the Office Lease term and return the Leased Office Facility to NewPage-WI at the end of the Office Lease term in compliance with applicable Laws and in substantially the same condition as at the commencement of the Office Lease term, except only normal wear and tear, including all necessary repairs and replacements (whether structural or non-structural), and NewPage-WI will have no obligation to make any repairs or replacements to the Leased Office Facility. The Office Lease will include a reasonable right for NewPage-WI to relocate Buyer to alternate office space that is reasonably comparable to the Leased Office Facility. Buyer shall have the right to record a memorandum of this Lease.
Real Estate Lease. Buyer shall have assumed any and all obligations and liabilities of the Company, the Stockholder and/or GTC under that certain Indenture of Lease for real property located at 00 Xxxxx Xxxxxx, Xxxxxxxxx, Xxxxxxxxxxxxx, dated as of March 17, 1986, as amended on September 30, 1993, with the Trustees of 00 Xxxxx Xxxxxx as Lessor, upon such terms and conditions, including security requirements, as may be reasonably required by the Lessor.
Real Estate Lease. Xxxxx Properties shall have entered into an agreement with Buyer to lease 0000 Xxxxx Xxxxxx Xxxxxx and 0000 Xxxxx Xxxxxx Xxxxxx, both of Jacksonville, Texas to Buyer under the terms and provisions of the lease agreement attached in Exhibit 6.1.11 hereto.
Real Estate Lease. Buyer as Tenant, and the owners of the real estate at , , , which houses the operations of the business of Seller (the “Real Estate”), as Landlord, would enter into a written ( ) year lease with annual rent not to exceed $ ($ per month), exclusive of routine maintenance, taxes and insurance, such lease to provide Buyer with one year renewal options, a right of first refusal to buy the Real Estate during the lease term, and an option to buy the premises at its fair market value at the end of the lease term. ]
Real Estate Lease. Buyer and Seller specifically agree that Buyer will assume Seller's lease on 1202 Exchange Drive, Richardxxx, Xxxxx (xxx "Xxxxxxxx"), xxx xxxx all costs, expenses and occupancy of the Premises, from and after Closing, shall be paid by Buyer.
Real Estate Lease. Effective as of the Closing Date, Xxxx X. ----------------- Xxxxx, M.D., Ph.D. and the Surviving Company shall enter into an Assignment, Assumption and Amendment of Lease and Consent of Lessor for the real property and improvements currently occupied by MRL in Highland Heights, Kentucky in substantially the form of Exhibit 6.14. ------------
Real Estate Lease. It is specifically understood and agreed by the parties hereto that concurrent with the signing of this Agreement, Nostrand Associates and Buyer shall enter into a real estate lease ("Lease") pursuant to which Nostrand Associates shall lease to Buyer, and Buyer shall lease from Nostrand Associates, the Principal Office simultaneously with the Closing of this Agreement.
Real Estate Lease. (a) Seville and Buyer acknowledge that Seville has not yet paid real estate taxes pursuant to the real property lease, in the amount of approximately $18,000. Seville agrees that it will pay such taxes, together with all interest and penalties, on or before July 1, 1999, or earlier if Seller's existing mortgage lender(s) threaten to declare a default under such mortgage based on failure to pay such taxes. To the extent that such lenders pay such taxes on behalf of Seller and charge Seller any interest or penalties, Seville shall pay such penalties.
Real Estate Lease. The real property leasehold interests listed in Schedule 1.01(a)(v) (the "Real Estate Lease");
