Separate Lease. In the event of any termination of this Lease, in whole or in part, Lessor agrees to enter into a new lease (“Separate Lease”) of the Leased Property(ies) in question with the Leasehold Mortgagee or its designee for the remainder of the term of this Lease, effective as of the date of termination, at the rent and additional rent, and upon the terms, covenants and conditions (including all options to renew but excluding requirements which are not applicable or which have already been fulfilled) identical to this Lease, provided:
(a) The Leasehold Mortgagee shall make written request upon Lessor for such Separate Lease within sixty (60) days after the date the Leasehold Mortgagee receives Lessor’s notice of termination of this Lease given pursuant to Section 22.4.
(b) At the time of the execution and delivery of such Separate Lease, the Leasehold Mortgagee or its designee shall pay or cause to be paid to Lessor any and all sums which would at the time of execution and delivery thereof be due pursuant to this Lease but for such termination and, in addition thereto, all reasonable expenses, including reasonable attorneys’ fees, which Lessor shall have incurred by reason of such termination and the execution and delivery of the Separate Lease and which have not otherwise been received by Lessor from Tenant or other party in interest under Tenant. Upon the execution of such Separate Lease, Lessor shall allow to the tenant named therein as an offset against the sums otherwise due under this Section 22.7(b) or under the Separate Lease, an amount equal to the net income derived by Lessor from the Leased Properties during the period from the date of termination of this Lease to the date of the beginning of the lease term of such Separate Lease. In the event of a controversy as to the amount to be paid to Lessor pursuant to this Section 22.7(b), the payment obligation shall be satisfied if Lessor shall be paid the amount not in controversy, and the Leasehold Mortgagee or its designee shall agree to pay any additional sum ultimately determined to be due plus interest at the Overdue Rate and such obligation shall be adequately secured.
(c) Such Separate Lease shall be deemed to be a New Lease and the provisions of Section 40.15 shall apply.
(d) The Leasehold Mortgagee or its designee shall agree to remedy any of Tenant’s defaults of which said Leasehold Mortgagee was notified by Lessor’s notice of termination given pursuant to Section 22.4 and which are reasonably susce...
Separate Lease. 92 Section 22.8
Separate Lease. If Landlord conveys or transfers any individual Leased Property (other than pursuant to Section 1.3), if so requested in writing by Landlord, Tenant, as tenant, shall execute a new lease with the new owner of the applicable Leased Property, as landlord, (a “Separate Lease”) which Separate Lease shall relate solely to the conveyed Leased Property and shall (i) be for the same Term as would otherwise pertain under this Lease, (ii) be for the same Rent as would otherwise be payable under this Lease with respect to such individual Leased Property and (iii) otherwise be on all of the same terms and conditions as set forth in this Lease. Immediately upon the execution of a Separate Lease for any individual Leased Property by the new owner of the individual Leased Property and Tenant, this Lease shall terminate with respect to such individual Leased Property and the Separate Lease shall in all aspects be controlling.
Separate Lease. Lessor and Lessee acknowledge and agree and it is their intent that the cars subject to this Rider may be owned by one or more persons or entities other than Lessor (and that after the date hereof cars may be sold or transferred to one or more other persons or entities pursuant to Article 23 or otherwise), and, accordingly, Lessor and Lessee agree that this Rider shall constitute one or more separate and severable Leases, with each such Lease being comprised of the cars subject hereto that are owned by a single person or entity. Each such Lease shall incorporate the terms of the above referenced Railroad Car Lease Agreement and shall be separate and severable in all respects from each other Lease made pursuant to this Rider and from any other cars or riders relating to the above referenced Railroad Car Lease Agreement, and shall be separately transferable for all purposes
Separate Lease. Lessor and Lessee acknowledge and agree and it is their intent that the cars subject to this Rider may be owned by one or more persons or entities other than Lessor (and that after the date hereof cars may be sold or transferred to one or more other persons or entities pursuant to Article 23 or otherwise), and, accordingly, Lessor and Lessee agree that this Rider shall constitute one or more separate and severable Leases, with each such Lease being comprised of the cars subject hereto that are owned by a single person or entity. Each such Lease shall incorporate the terms of the above referenced Railroad Car Lease Agreement and shall be separate and severable in all respects from each other Lease made pursuant to this Rider and from any other cars or riders relating to the above referenced Railroad Car Lease Agreement, and shall be separately transferable for all purposes Term - The minimum term for the cars leased hereunder shall be ______ months, and the cars shall continue under lease thereafter for successive one (1) month terms, at the same rate and under the same conditions, unless notice, in writing, requesting cancellation shall be given by either party to the other at least thirty (30) days prior to expiration of the initial term or any successive term for cars covered by this Rider. Thereafter, this Rider shall terminate automatically upon the date of release of the last car covered by this Rider. Cancels Rider Number NA By: Vice President, Portfolio Management By: Title: This LEASE AGREEMENT, dated ______________ 20__, (hereinafter called the “Agreement”) by and between TRINITY INDUSTRIES LEASING COMPANY, a Delaware corporation, with its principal office at 0000 Xxxxxxxx Xxxxxxx, Xxxxxx, Xxxxx 00000 (hereinafter called “Lessor”) and ___________, a(n) _______________ corporation, with its principal office at________________ (hereinafter called “Lessee”). In consideration of the mutual terms and conditions hereinafter set forth, the parties hereto hereby agree as follows:
Separate Lease. Before the County begins using the County Parking Spaces, the County and the City will enter into a lease for the County Parking Spaces. The lease will be for a minimum term of 20 years, for a rent of not more than $1.00 per year, and will permit the County to renew the lease for one time for a period not to exceed 20 years for a rent of not more than $1.00 per year and will otherwise be consistent with the terms and conditions of this Agreement. The lease shall contain a section which provides the County with alternative off-street parking spaces if, at any time during the term of the lease, the County Parking Spaces become unavailable. The lease will make proximity as close as possible to the County Courts the City’s first priority in providing alternative parking spaces.
Separate Lease. The Parties acknowledge that this Lease is a separate lease between the Parties and is not, nor is it to be construed as, an extension or renewal of the 1993 Lease.
Separate Lease. 67 ARTICLE X EXPANSION RIGHTS..............................................67
Separate Lease. Lessor and Lessee agree that this Rider shall constitute a separate lease which incorporates the terms of the above referenced Railroad Car Lease Agreement. This Rider shall be severable from any other cars or riders relating to the above referenced Railroad Car Lease Agreement and shall become a separate lease which is separately transferable for all purposes.
Separate Lease. Section 16 of the First Amendment is hereby amended and restated in its entirety as follows: “Upon written request from Landlord to Tenant, Tenant will enter into a separate lease for each of the 40 VSP Space and 50 VSP Space if Landlord represents to Tenant that separate leases are reasonably required in order to accommodate the sale or refinancing of either the 40 VSP Space or 50 VSP Space, or if Tenant exercises the Option to Extend Term set forth in Section 28 of the Lease for either the 40 VSP Space or the 50 VSP Space, or for other similar business purposes. The separate leases shall fairly represent the provisions of the Lease applicable to the 40 VSP Space and the 50 VSP Space, and provide an allocation of 50% of the Security Deposit to the 40 VSP Space and 50% of the Security Deposit to the 50 VSP Space.”
