Relationship with Tenant Sample Clauses

Relationship with Tenant. (a) Subtenant hereby assigns and transfers Subtenant’s interest in the Sub-Sublease and all rentals and income arising therefrom to Tenant, subject to the terms of this Section 2.6. By consenting to the Sub-Sublease, Tenant agrees that until a default shall occur (after the expiration of any period provided for in the Sublease for notice or cure) in the performance of Subtenant’s obligations under the Sublease, Tenant may receive, collect and enjoy the rents accruing under the Sub-Sublease. In the event Subtenant defaults in the performance of its obligations to Tenant as set forth in the Sublease, after the expiration of any period provided for in the Sublease for notice or cure (whether or not Tenant terminates the Sublease), Tenant may at its option, by notice to Subtenant and Sub-Subtenant, either (i) terminate the Sublease and the Sub-Sublease, (ii) elect to receive and collect, directly from Sub-Subtenant, all rent and any other sums owing and to be owed under the Sub-Sublease, as further set forth in Section 2. 6(b) below, or (iii) elect to succeed to Subtenant’s interest in the Sublease and cause Sub-Subtenant to attorn to Tenant, as further set forth in Section 2.6(c) below.
Sample 1
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Relationship with Tenant. Tenant hereby assigns and transfers to Landlord Tenant's interest in the Sublease and all rentals and income arising therefrom, subject to the terms of this Section 4. Landlord, by consenting to the Sublease agrees that until a default shall occur in the performance of Tenant's obligations under the Lease, Tenant may receive, collect and enjoy the rents accruing under the Sublease. In the event Tenant shall default in the performance of its obligations to Landlord under Section 13.1 of the Lease) (whether or not Landlord terminates the Lease), Landlord may, in connection with Section 13.2 of the Lease, at its option by notice to Tenant, either (i) terminate the Sublease, (ii) elect to receive and collect, directly from Subtenant, all rent and any other sums owing and to be owed under the Sublease, as further set forth in Section 4(a), below, or (iii) elect to succeed to Tenant's interest in the Sublease and cause Subtenant to attorn to Tenant, as further set forth in Section 4(b), below. Subtenant and Tenant hereby agree that if Subtenant, with Landlord's consent, remains in possession of the Premises or any part thereof after the expiration or early termination of the Lease, such occupancy shall be a tenancy from month to month upon all the provisions of the Sublease pertaining to the obligations of Subtenant, except that the rent payable by Subtenant to Tenant shall be two hundred percent (200%) of the rent payable under the Lease immediately preceding the termination date of the Lease. Subtenant and Tenant hereby agree that if Subtenant, without Landlord's consent, remains in possession of the Premises or any part thereof after the expiration or early termination of the term of the Lease, such occupancy shall be a tenancy at sufferance upon all the provisions of the Sublease pertaining to the obligations of Subtenant, except that the rent payable by Subtenant to Tenant shall be two hundred percent (200%) of the rent payable under the Lease immediately preceding the termination date of the Lease. Subtenant hereby agrees that in the event that Subtenant fails to surrender the Premises or such portion thereof occupied by Subtenant upon such termination or expiration of the Lease in the condition required by the terms of the Lease, then Subtenant shall indemnify, defend, protect and hold Landlord harmless against all loss or liability resulting from or arising out of Sublessee’s failure to surrender the Premises or such portion thereof occupied by Subtenant...
Sample 1
Relationship with Tenant. In order to induce Landlord to lease to the Tenant named above, the undersigned does hereby guarantee the payment in full of any obligations under the Lease to be executed by the Tenant and the performance of any and every obligation arising hereunder, expressly Guarantor’s full name — Printed SSN/Driver’s License # and State including, without limitation, the obligation to pay rent for the entire term, whether or not occupancy is ever accepted by the Tenant, the duty to pay any and all costs of repair or damage to the premises, the unit in which the premises are located, or the building or common Guarantor’s Signature Street Address areas of the property, and to pay any and all amounts, including fines imposed pursuant to the Rules and Regulations, or attorney’s fees incurred in the enforcement of the subject Lease. Work Telephone Number City, State, ZIP This guarantee may be enforced against Guarantor without the necessity of recourse against Tenant or any other parties responsible. Guarantor consents that any proceeding to enforce this Agreement or related rights may be brought in any court sitting in the judicial district or circuit in which the apartments are located, and Guarantors consent to personal Home Telephone Number jurisdiction of such courts and agree that they may be served with process by certified mail addressed to them at the address shown below. Any actions to enforce this guarantee shall be governed by the laws of the state in which the apartments are located. The Guarantors waive (1) renewal or notice of extension of time within which any payment of rental, damages or repairs of the performance of the obligations shall be due; (2) Witness’ Full Name — Printed Witness’ Signature SWORN TO AND SUBSCRIBED BEFORE ME THIS necessity of recourse against Tenant; (3) the incapacity or bankruptcy of Tenant or any other DAY OF , 20 Guarantor; (4) any notice of change or amendment to the Lease, the Rules and Regulations, or the right to any notice of default. Failure of Landlord to enforce rights of recovery against other occupants of the unit and any third parties shall not release Guarantor, provided that Guarantor is only liable for COMMISSION EXPIRES: NOTARY PUBLIC
Sample 1

Related to Relationship with Tenant

  • Relationship with the Company Please state the nature of any position, office or other material relationship you have, or have had within the past three years, with the Company or its affiliates. Name Nature of Relationship

  • Relationship with the Lenders (a) The Agent may treat each Lender as a Lender, entitled to payments under this Agreement and acting through its Facility Office unless it has received not less than five Business Days prior notice from that Lender to the contrary in accordance with the terms of this Agreement.

  • Termination of Relationship with the Company If the Participant ceases to be an Eligible Participant for any reason, then, except as provided in paragraphs (d) and (e) below, the right to exercise this option shall terminate three months after such cessation (but in no event after the Final Exercise Date), provided that this option shall be exercisable only to the extent that the Participant was entitled to exercise this option on the date of such cessation. Notwithstanding the foregoing, if the Participant, prior to the Final Exercise Date, violates the non-competition or confidentiality provisions of any employment contract, confidentiality and nondisclosure agreement or other agreement between the Participant and the Company, the right to exercise this option shall terminate immediately upon such violation.

  • Relationship with Lenders The obligations of each Lender hereunder are several, and no Lender shall be responsible for the obligations or Commitments of any other Lender. Amounts payable hereunder to each Lender shall be a separate and independent debt. It shall not be necessary for Agent or any other Lender to be joined as an additional party in any proceeding for such purposes. Nothing in this Agreement and no action of Agent, Lenders or any other Secured Party pursuant to the Loan Documents or otherwise shall be deemed to constitute Agent and any Secured Party to be a partnership, joint venture or similar arrangement, nor to constitute control of any Obligor.

  • RELATIONSHIP WITH DIRECTORS Directors, officers and employees of the Advisor or an Affiliate of the Advisor may serve as Directors, officers or employees of the Company, except that no director, officer or employee of the Advisor or its Affiliates who also is a Director shall receive any compensation from the Company for serving as a Director other than reasonable reimbursement for travel and related expenses incurred in attending meetings of the Board.

  • Commercial Relationship The Employee expressly acknowledges that the Employee’s participation in the Program and the Company’s grant of the Award does not constitute an employment relationship between the Employee and the Company. The Employee has been granted the Award as a consequence of the commercial relationship between the Company and the Company’s Subsidiary in Mexico that employs the Employee, and the Company’s Subsidiary in Mexico is the Employee’s sole employer. Based on the foregoing: (a) the Employee expressly acknowledges that the Program and the benefits derived from participation in the Program do not establish any rights between the Employee and the Subsidiary in Mexico that employs the Employee; (b) the Program and the benefits derived from participation in the Program are not part of the employment conditions and/or benefits provided by the Subsidiary in Mexico that employs the Employee; and (c) any modifications or amendments of the Program or benefits granted thereunder by the Company, or a termination of the Program by the Company, shall not constitute a change or impairment of the terms and conditions of the Employee’s employment with the Subsidiary in Mexico.

  • Relationship The relationship of the parties to this Agreement is determined solely by the provisions of this Agreement. The parties do not intend to create any agency, partnership, joint venture, trust, fiduciary or other relationship with duties or incidents different from those of parties to an arm’s-length contract.

  • Relationships with the Company Except as set forth below, neither the undersigned nor any of its affiliates, officers, directors or principal equity holders (owners of 5% of more of the equity securities of the undersigned) has held any position or office or has had any other material relationship with the Company (or its predecessors or affiliates) during the past three years. State any exceptions here: The undersigned agrees to promptly notify the Company of any inaccuracies or changes in the information provided herein that may occur subsequent to the date hereof at any time while the Registration Statement remains effective. By signing below, the undersigned consents to the disclosure of the information contained herein in its answers to Items 1 through 5 and the inclusion of such information in the Registration Statement and the related prospectus and any amendments or supplements thereto. The undersigned understands that such information will be relied upon by the Company in connection with the preparation or amendment of the Registration Statement and the related prospectus.

  • Contractual Relationship It is understood and agreed that the relationship described in this Agreement between the Parties is contractual in nature and is not to be construed to create a partnership or joint venture or agency relationship between the parties. Neither party shall have the right to act on behalf of the other except as expressly set forth in this Agreement. Contractor will be solely responsible for and will pay all taxes related to the receipt of payments hereunder and shall give reasonable proof and supporting documents, if reasonably requested, to verify the payment of such taxes. No Contractor personnel shall obtain the status of or otherwise be considered an employee of NCTCOG or Participating Entity by virtue of their activities under this Agreement.

  • Confidential Relationship Any information and advice furnished by any party to this Agreement to the other party or parties shall be treated as confidential and shall not be disclosed to third parties without the consent of the other party hereto except as required by law, rule or regulation. The Manager hereby consents to the disclosure to third parties of (i) investment results and other data of the Manager or the Portfolio in connection with providing composite investment results of the Adviser and (ii) investments and transactions of the Manager or the Portfolio in connection with providing composite information of clients of the Adviser.

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