Request for and Execution of New Lease Sample Clauses

Request for and Execution of New Lease. If, within thirty (30) days of the receipt (as shown on proof of service or return receipt) of the notice referred to in Section 11.4(a) hereof, a Recognized Mortgagee shall request a new Lease (which shall take the form of a direct lease between Landlord and a Recognized Mortgagee’s designee as set forth herein), then subject to the provisions of Sections 11.4(c) and 11.5 hereof, within thirty (30) days after Landlord shall have received such request, Landlord shall execute and deliver a new Lease for the Premises for the remainder of the term to such Recognized Mortgagee’s designee if and only if (i) such Recognized Mortgagee delivers to Lease Administrator a Required Disclosure Statement for itself and such nominee, and such Required Disclosure Statements shall contain no information that is unacceptable to Lease Administrator acting in its sole discretion, and (ii) the proposed designee is otherwise acceptable to Lease Administrator in Lease Administrator’s reasonable discretion. If Landlord is not then allowed to enter into such new Lease by order of a court of competent jurisdiction, the Recognized Mortgagee shall be deemed to have properly requested a new Lease pursuant to this Section 11.4(b) and Landlord, subject to the provisions of Section 11.4(c), shall deliver such new Lease promptly after the restriction on such new Lease by order of a court of competent jurisdiction is lifted. The new Lease shall contain all of the covenants, conditions, limitations and agreements contained in the Lease; provided, however, that Landlord shall not be deemed to have represented or covenanted that such new Lease shall be superior to claims of Tenant, its other creditors or a judicially appointed receiver or trustee for Tenant. Notwithstanding the foregoing, if the Recognized Mortgagee shall request a new Lease pursuant to this Section 11.4(b), Landlord shall not voluntarily encumber, or consent to the encumbrance of the Premises demised by the Lease during the period following termination of the Lease and delivery of a new Lease pursuant to this Section 11.4(b).
Sample 1
AutoNDA by SimpleDocs

Related to Request for and Execution of New Lease

  • Notification of Acceptance of General Offer of Privacy Terms Upon execution of Exhibit “E”, General Offer of Privacy Terms, Subscribing LEA shall provide notice of such acceptance in writing and given by personal delivery, or e-mail transmission (if contact information is provided for the specific mode of delivery), or first-class mail, postage prepaid, to the designated representative below. The designated representative for notice of acceptance of the General Offer of Privacy Terms is: Name: Xxxxx Xxxxxxxx Title: Technology Director Contact Information: xxxxx.xxxxxxxx@xxxxxxxxx.x00.xx.xx (000)000-0000 xxx 000

  • Construction of Agreement The parties mutually acknowledge that they and their attorneys have participated in the preparation and negotiation of this Agreement. In cases of uncertainty this Agreement shall be construed without regard to which of the parties caused the uncertainty to exist.

  • Execution of Agreement The HSP represents and warrants that:

  • Notification of Acceptance of General Offer of Terms Upon execution of Exhibit “E”, General Offer of Terms, Subscribing LEA shall provide notice of such acceptance in writing and given by personal delivery, or e-mail transmission (if contact information is provided for the specific mode of delivery), or first-class mail, postage prepaid, to the designated representative below. The designated representative for notice of acceptance of the General Office of Privacy Terms is: Name: Title: Contact Information:

Time is Money Join Law Insider Premium to draft better contracts faster.