Rent Absolute. This Lease shall be deemed and construed to be a “net lease” and, except as otherwise specifically provided in this Lease, Tenant agrees to pay all costs and expenses of every kind and nature whatsoever, ordinary and extraordinary, arising out of or in connection with the ownership, maintenance, repair, replacement, use and occupancy of the Premises during the Term of this Lease, which, except for the execution and delivery hereof, would otherwise have been payable by Landlord.
Rent Absolute. 17.1 The Personal Property and the Demised Premises are let and leased subject to the rights, if any of patients currently residing in the Demised Premises and the state of the title thereof as of the date the Lessor acquires title from its seller, to any state of facts which an accurate survey or physical inspection thereof might show, and to all zoning regulations, restrictions, rules and ordinances, building restrictions and other laws and regulations now in effect or hereafter adopted by any governmental authority having jurisdiction thereover. Lessee has examined the Personal Property and the Demised Premises and has found the same satisfactory. Lessee acknowledges that the Personal Property and the Demised Premises are the property of Lessor and that Lessee has the leasehold rights as set forth in the terms and conditions of this Lease. As a material inducement to Lessor in the making of and entry into this Lease, Lessee hereby expressly agrees as follows:
(a) It is the responsibility of the Lessee to be fully acquainted with the nature, in all respects, of the Demised Premises, including (but not by way of limitation); the soil and geology thereof, the waters thereof and thereunder; the drainage thereof; the manner of construction and the condition and state of repair and lack of repair of all improvements of every nature; the nature, provisions and effect of all health, fire, zoning, building, subdivision and all other use and occupancy laws, ordinances, and regulations applicable thereto; and the nature and extent of the rights of others with respect thereto, whether by way of reversion, easement, right of way, prescription, adverse possession, profit, servitude, lease, tenancy, lien, encumbrance, license, contract, reservation, condition, right of re-entry, possibility of reverter, sufferance or otherwise. Lessor makes no representation as to, and has no duty to be informed with respect to, any of the matters set forth in the preceding sentence. Lessee hereby accepts the Demised Premises as suitable and adequate in all respects for the conduct of the business and the uses of the Demised Premises contemplated under the provisions of the Lease. Notwithstanding the foregoing, Lessor represents that it has no actual knowledge of anything related to the foregoing which would cause the Demised Premises to be materially inadequate for its permitted use hereunder.
(b) Lessee expressly covenants and agrees that it hereby takes this Lease and the leasehold...
Rent Absolute. Except as otherwise expressly ------------- provided herein, this Lease shall be deemed and construed to be a "net lease" and Tenant agrees to pay all costs and expenses of every kind and nature whatsoever, ordinary and extraordinary, arising out of or in connection with the ownership, maintenance, repair, replacement, use and occupancy of the Premises during the Term of this Lease, which, except for the execution and delivery hereof, would otherwise have been payable by Landlord.
Rent Absolute. Any damage or destruction to all or any portion of the buildings, structures and fixtures upon the demised premises, by fire, the elements, or any other cause whatsoever, whether with or without fault on the part of Tenant, shall not, terminate this lease or entitle Tenant to surrender the demised premises or entitle Tenant to any abatement of or reduction in the rent payable, or otherwise affect the respective obligations of the parties hereto. If the use of the demised premises for any purpose should, at any time during the term of this lease, be prohibited by law or ordinance or other governmental regulation, or prevented by injunction, this lease shall not be thereby terminated, nor shall Tenant be entitled by reason thereof to surrender the demised premises, o to any abatement or reduction in rent, nor shall the respective obligations of the parties hereby be otherwise affected unless such eviction is due to the act of Landlord or any person or persons claiming any interest in the demised premises by or under Landlord.
Rent Absolute. Except as may be otherwise specifically provided herein, Lessee shall have no right to terminate this Lease or be entitled to any rent abatement or reduction. Notwithstanding any other provisions contained in this Lease, in the event the Lessee is closed or taken over by the banking authority of the State of Arkansas, or other bank supervisory authority, the Lessor may terminate the Lease only with the concurrence of such banking authority or other bank supervisory authority, and any such authority shall in any event have the election either to continue or to terminate the lease: Provided, that in the event this Lease is terminated, the maximum claim of Lessor for damages or indemnity for injury resulting from the rejection or abandonment of the unexpired term of the Lease shall in no event be in an amount exceeding the rent reserved by the Lease, without acceleration, for the year next succeeding the date of the surrender of the premises to the Lessor, or the date of reentry of the Lessor, whichever first occurs, whether before or after the closing of the Lessee as a bank, plus an amount equal to the unpaid rent accrued, without acceleration up to such date.
Rent Absolute. To the maximum extent permissible under Applicable Laws, this Lease shall continue in full force and effect, and Tenant's obligations (including without limitation Tenant's obligation to pay Rent) shall not be released, discharged or otherwise affected, by reason of: (a) any damage, destruction or condemnation affecting all or any portion of the Premises, except and solely to the extent expressly provided in Article 8 below; (b) any restriction on, prevention of or interference with any use of all or any portion of the Premises; (c) any bankruptcy, insolvency, reorganization, composition, adjustment, dissolution, liquidation or other proceeding relating to Landlord or Tenant, or any action taken with respect to this Lease by a court, trustee or receiver in any proceeding; (d) any claim which Tenant or any other person or entity has or might have against Landlord; or (e) any failure by Landlord to comply with any
Rent Absolute. Lessee shall bear all risk of damage to the extent of the full insurable replacement value, fixed as provided in paragraph 5(b), or destruction of the whole or any part of the Leased Premises, including without limitation, any loss, complete or partial, or interruption in the use, occupancy or operation of the Leased Premises, or any matter of thing which for any reason interferes with, prevents, or renders burdensome the use of occupancy of the Leased Premises or the compliance by Lessee with any of the terms of this lease. The assumption of such risks by Lessee and the obligation and covenant of Lessee nevertheless to pay all the rentals herein provided for, (subject only to the exceptions hereinafter set forth) and to perform each and all of the other terms and conditions of this lease, constitutes a valuable consideration to Lessor for this lease. Lessee acknowledges that it has examined the Premises and the Leased Premises herein described and any and all improvements or structures thereon prior to making of this Lease and knows the conditions thereof, and accepts the same in said condition, and that no representations as to the condition thereof have been made by Lessor or representatives of Lessor, and that Lessee in entering into this lease, is relying solely upon its own examination thereof.
Rent Absolute. Subject to Section 22.1 hereof, and without impairing the rights of Tenant to contest or challenge taxes, charges, assessments and other amounts charged by third parties for labor or services in connection with the operation of the Premises in accordance with Article III hereof, Tenant acknowledges that its obligation under this Lease to pay Rent in the amounts and in the manner herein provided is absolute and unconditional, notwithstanding Section 21.19, and shall continue in full force and effect without abatement or offset of any nature whatsoever regardless of any inability of Tenant to use or occupy the Premises (or any portion thereof) for any reason whatsoever including, without limitation, failure to complete Landlord’s Work, war, acts of God, storms, governmental regulations, strike, other labor troubles, loss, damage, destruction, loss of possession or right of possession, disrepair, obsolescence, failure of the Premises to properly operate for any cause and at any time, improper installation or condition or suitability or adaptability of the Premises for Tenant’s cause or purpose, or any other cause whatsoever.
Rent Absolute. 15 Section 15.1. Rent Absolute....................................... 15
Rent Absolute. Except as otherwise specifically provided in this Lease, no change in condition, Legal Requirements, casualty or other event shall terminate this Lease or entitle Tenant to surrender the Premises or entitle Tenant to any abatement of or reduction in the Rent, or otherwise affect the respective obligations of the Tenant and Landlord. The parties acknowledge that Tenant’s obligation to pay Rent under this Lease is in consideration of the grant of the leasehold interest in the Premises and is independent of Landlord’s duties under this Lease, and all Rent shall be paid when due without any offset or deduction of any kind or nature whatsoever, unless otherwise specifically permitted.
