Right to Enter into Annual Subleases Sample Clauses

Right to Enter into Annual Subleases. If, after reasonable efforts of Lessee, any of the Residential Units are not sold to a Qualified Buyer at the maximum purchase price approved by the Trustees, within 180 days of the date of issuance of the certificate of occupancy for each such Residential Unit, Lessee shall have the right to enter into a 1 year sublease for each such Residential Unit; provided, however, that it is understood that each subtenant shall comply with the conditions of the Schwabacher Xxxxxxx Final Development Plan (DEV 2010-0002) and Conditional Use Permit (CUP 2010-0001). Prior to 45 days from the expiration of each such sublease, Lessee shall notify Lessor pursuant to Item (c) above of its First Option Right to purchase such Residential Unit at the maximum purchase price approved by Trustees and thereafter shall again use reasonable efforts to sell the Residential Unit pursuant to the requirements set forth in Items (C) and (D) and the terms and conditions set forth herein. Lessee shall be permitted to continue to sublease each Residential Unit for as long as is necessary until Xxxxxx is able to sell the Residential Unit. Lessee shall be permitted to enter into additional 1 year subleases for each such Residential Unit to a Qualified Buyer if any of the Residential Units are again not sold to a Qualified Buyer. pursuant to Items (C) and (D) and the terms and conditions set forth herein. Lessee shall provide Lessor with evidence of all efforts made to sell the Residential Unit.
Sample 1
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Related to Right to Enter into Annual Subleases

  • Amendments This Agreement may not be amended, modified or waived as to any particular provision, except by a written instrument executed by all parties hereto.

  • Limitation of Liability No provision hereof, in the absence of any affirmative action by the Holder to exercise this Warrant to purchase Warrant Shares, and no enumeration herein of the rights or privileges of the Holder, shall give rise to any liability of the Holder for the purchase price of any Common Stock or as a stockholder of the Company, whether such liability is asserted by the Company or by creditors of the Company.

  • Indemnification In the event any Registrable Securities are included in a Registration Statement under this Agreement:

  • Insurance The Company and the Subsidiaries are insured by insurers of recognized financial responsibility against such losses and risks and in such amounts as are prudent and customary in the businesses in which the Company and the Subsidiaries are engaged, including, but not limited to, directors and officers insurance coverage. Neither the Company nor any Subsidiary has any reason to believe that it will not be able to renew its existing insurance coverage as and when such coverage expires or to obtain similar coverage from similar insurers as may be necessary to continue its business without a significant increase in cost.

  • Definitions For purposes of this Agreement:

  • Assignment This Agreement and all rights and obligations hereunder may not be assigned without the written consent of the other party.

  • Severability Any provision of this Agreement that is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.

  • Termination This Agreement may be terminated at any time prior to the Closing:

  • Miscellaneous The Vendor acknowledges and agrees that continued participation in TIPS is subject to TIPS sole discretion and that any Vendor may be removed from the participation in the Program at any time with or without cause. Nothing in the Agreement or in any other communication between TIPS and the Vendor may be construed as a guarantee that TIPS or TIPS Members will submit any orders at any time. TIPS reserves the right to request additional proposals for items or services already on Agreement at any time.

  • Survival The representations and warranties contained herein shall survive the Closing and the delivery of the Securities.

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