Studio Lease. The Studio Lease shall be in full force and effect, and Buyer shall have complied, in all material respects, with its payment obligations thereunder.
Studio Lease. Buyer and Seller shall each use its reasonable best efforts to obtain the consent of the landlord ("Landlord's Consent") under the lease for studio space at One American Plaza ("Studio Lease") to (i) allow Buyer to subdivide the lease space under terms reasonably acceptable to Buyer, and (ii) permit Buyer to exercise the renewal or extension rights contained in the antenna lease after the initial term ends for the Citicasters Stations. In addition, Buyer shall determine, in its reasonable discretion, if the reciprocal easement agreements and objectionable interference terms of the Studio Lease ("Objectionable Studio Lease Terms") have a material adverse impact on the operation of the Stations.
Studio Lease. Buyer shall have obtained the Landlord's Consent, and the Objectionable Studio Lease Terms shall not have, in Buyer's judgment reasonably exercised, a material adverse impact on the operation of the Stations.
Studio Lease. On the date hereof, Buyer and Seller shall enter into the Studio Lease in the form of Schedule 6.9 hereto (the "Studio Lease").
Studio Lease. 8 2.7 Deposit.................................................................................................. 8 2.8 Liabilities.............................................................................................. 8 2.9
Studio Lease. 11.19 Tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6.1.12(g) Tax Return . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6.1.12(g) Taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6.1.12(g) Trade Agreements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1.1.3
Studio Lease. Seller shall have entered into a valid and enforceable amendment to the Lease between OSWGI Limited Partnership and Seller dated as of January ___, 1991 (the "Studio Lease"), in a form reasonably satisfactory to Buyer, pursuant to which (i) Article XV of the Studio Lease would be amended to permit the sublet or assignment (including without limitation, any transfer of the Studio Lease by merger, consolidation, or liquidation or any change in ownership or power to vote of the tenant thereunder) of the Demised Premises (as defined in the Studio Lease) with the consent of the landlord thereunder, which consent shall not be unreasonably withheld, provided that if such consent is given, the lessee thereunder would not be released from its obligations under the Studio Lease and (ii) Section 14.1 of the Studio Lease would be amended to except from tenant's indemnification obligation with respect to the landlord under the Studio Lease any claims, loss expense, cost, damage or injury to the extent arising from or caused by landlord's (or any agent, employee or contractor of landlord) negligence.
Studio Lease. At Closing, Seller shall sublet to Buyer the studio portion of the real property described in the lease agreement listed on Schedule 1.4 under Real Property Leased (the "Studio Lease")on terms to be agreed on by the parties prior to Closing for a term of 6 months from the date of Closing in exchange for the amount of Forty-four Thousand One Hundred Dollars ($44,100) to be paid by Buyer to Seller at Closing. Buyer shall have no other financial obligations under the Studio Lease. The parties agree that the terms to be agreed upon are not material to the agreement set forth herein and neither party will maintain that this Agreement is not enforceable by reason of the agreement of the parties to agree on the terms of the Studio Lease prior to Closing.
Studio Lease. Buyer and ARP shall mutually agree to the terms and conditions of a lease of 2,500 square feet of ARP’s studio site at 10 Xxxxxxxx Xxxx, Xxxxx 00, Xxxxxxxx, Xxxxx Xxxxxxxx, which terms will include, by way of example and not limitation, (i) an initial term of seven (7) years with an additional two (2) five (5) year renewal terms and (ii) payment by Buyer of its pro rata share of property taxes and insurance based on square footage used (the “Studio Lease”). Additionally, Buyer may elect to lease up to an additional 2,500 square feet on terms and conditions to be mutually agreed to by Buyer and ARP. Initial rent if Buyer leases 2,500 square feet will be $17 per square foot, and such initial rent may be reduced by up to $2 per square foot depending upon the amount of additional space Buyer leases in excess of 2,500 square feet. Rent will be subject to yearly increases of two percent (2%);
Studio Lease. Licensee acknowledges that the lease for studio space in Anniston, Alabama terminated as of July 5, 1994. Licensee agrees that in the event that the new lease, presently being negotiated, should provide for a lease term of greater than six (6) months, Licensee must obtain the prior written consent of Broker, which consent will not be unreasonably withheld prior to entering into such lease.
