Studio Lease. The Studio Lease shall be in full force and effect, and Seller shall have complied, in all material respects, with its obligations thereunder.
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.
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. At the Closing, Seller shall cause its affiliate (the ------------ "Studio Site Owner") that owns the real property used as the Station's studio (the "Studio Site") to enter into a lease of such property, including all portions of the Studio Site currently or historically used in connection with the business or operations of the Station and including, without limitation, the space used for the Station's STLs and any other transmission equipment, in form and substance reasonably satisfactory to Buyer and Seller (the "Studio Lease"); provided, however, the personal office of Xxxxxx Xxxxxx consisting of 275 sq. feet, more or less, and one reserved parking space nearest the main entrance to the building shall be retained by Studio Site Owner for its own use and shall not be leased to Buyer. The Studio Lease shall commence upon the Closing Date, shall be for a term of one year, at a monthly rental rate of $7,500, with Buyer responsible for all utilities and regular maintenance, and shall be terminable by Buyer upon 30 days notice without further liability of Buyer other than rent, utilities and regular maintenance through the date of termination.
Studio Lease. The lessor of the Seller's studio lease shall have provided to the Purchaser a consent to remove from the premises the studio assets included in the Purchased Assets.
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. On or before the Closing Date, in consideration for the sale and purchase of the Stations, Seller and Buyer agree to execute a one-year lease agreement, substantially in the form attached hereto as Exhibit 2.5, pursuant to which Seller agrees to lease space in Seller's office building located at 000 Xxxx Xxxxxx, Brownwood, Texas, to Buyer for us as the KXYL AM/FM Studios. Such lease shall be effective immediately following the Closing.
Studio Lease. The executed studio lease.
Studio Lease. The Company shall have entered into a five year lease (with a five year renewal option) for the studios of the Stations at the current premises in the form of the draft lease attached as Part 5.8 of the Disclosure Schedule.
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%);
