Space Lease. Buyer shall have approved the Space Lease.
Space Lease. There are no Space Leases with respect to any Real Property other than the Space Leases which are set forth on the Rent Roll. Except as set forth on the rent roll for such Real Property (the “Rent Roll”) or by any estoppel certificate received by Agent on or prior to the Closing Date: (a) each Space Lease is in full force and effect; (b) the Tenants have accepted possession of and are in occupancy of all of their respective demised premises and have commenced the payment of Space Lease Rent under the Space Leases to the extent set forth on the Rent Roll, and, to Borrower’s knowledge, there are no offsets, claims or defenses to the enforcement thereof presently outstanding; (c) all Space Lease Rents due and payable under each Space Lease have been paid and no portion of any Space Lease Rent has been paid for any period more than thirty (30) days in advance; (d) the fixed rent payable under each Space Lease is the amount of fixed rent set forth in the Rent Roll, and, to Borrower’s knowledge, there is no claim or basis for a claim by the Tenant thereunder for an adjustment to the such fixed rent; (e) no Tenant has made any claim in writing against Borrower or any Manager which has been received by Borrower or Manager and remains outstanding that Borrower or Manager is in default under its applicable Space Lease; (f) to Borrower’s knowledge, no default by Borrower, any Subsidiary Guarantor or any Tenant under any Space Lease, and no event which, with the giving of notice or passage of time, or both, would constitute a default, has occurred; and (g) each Space Lease is the valid, binding and enforceable obligation of the Borrower or the applicable Subsidiary Guarantor and to Borrower’s knowledge, the applicable Tenant thereunder, except as the enforceability thereof may be limited by bankruptcy, insolvency, reorganization or moratorium or other similar laws relating to the enforcement of creditors’ rights generally and by general equitable principles.
Space Lease. Any New Space Lease which does not require Purchaser's consent shall be arms-length and on then fair market terms and conditions (and shall otherwise be consistent with Seller's customary leasing standards).
Space Lease. The Agreement of Lease, dated of even date herewith, between Tenant, as Landlord, and PaineWebber Incorporated, as tenant, pursuant to which Tenant subleased the Land and the Building to PaineWebber, Inc.
Space Lease. MDC shall make available to FAMC, on a month-to-month basis for a period of six (6) months from the Closing Date and on the same terms as are in effect on the date of this Agreement, the space that is used by FAMC in connection with the Business as of the date of this Agreement.
Space Lease. Any Lease for the occupancy of space within the Improvements. Term “Space Lease” shall include any separate Lease for the use of parking spaces or storage space.
Space Lease. THIS LEASE (“Lease”) is made as of the 21st day of January, 2008, between The Irvine Company LLC, a Delaware limited liability company, hereafter called (“Landlord”), and XXXXXX BLUE BOOK CO., INC., a California corporation, hereinafter called (“Tenant”).
Space Lease. Assignee agrees that, as a material part of the assignment and assumption transaction represented hereby, Assignee and Lessee have entered into an Assignment and Assumption of Lease of even date (the "Space Assignment"), whereby Assignee has agreed to accept and assume from Lessee an assignment of all of Lessee's right, title and interest in and to that certain Lease dated as of June 30, 1992, by and between Lessee and AEW #1 Corporation (the "Space Lease").
Space Lease. 6 Sub.................................................1 Subsidiary..........................................6
Space Lease. Sponsor represents and warrants to the best of its knowledge as follows;
(i) Sponsor has received no written notice of any litigation, proceeding or claim pending against or relating to the Unit or the Space Lease.
(ii) There are no leases with Sponsor affecting the Unit other than the Space Lease, which lease is in full force and effect. With respect to the Lease: (A) Sponsor has delivered a true and complete copy of the Space Lease and Guaranty to Purchaser; (B) the Space Lease is in full force and effect and to Seller‘s knowledge there is no default (hereunder; (C) no brokerage or leasing commissions or other compensation is or will be due or payable to any person, firm, corporation or other entity with respect to or on account of the current term of the Space Lease or any extension or renewal thereof; (D) Seller has no outstanding obligation to provide Tenant with an allowance to construct, or to construct at its own expense, any tenant improvements; and (E) the total scheduled annual fixed rent (the “Annual Net Rent“) for the term of the Space Lease commencing on July 17, 2011 will be $345,050.00 per annum with three percent (3,0%) increases every two (2) years as per the rent schedule annexed hereto as Exhibit C.
(iii) Space Tenant is not entitled to any rebate, concession, offset, reduction, purchase option or free rents except as stated in its Space Lease.
(iv) Space Tenant shall be in possession of the premises demised under the Space Lease, open for business to the public and paying full and unabated rent under the Space Lease and, unless otherwise permitted pursuant to the terms of the Space Lease, Space Tenant shall not have assigned or sublet the Property. The foregoing representations shall not survive the Closing.
