Tenant Partnership Sample Clauses
The Tenant Partnership clause establishes a formal framework for collaboration between the tenant and landlord, often to jointly manage or operate certain aspects of the leased property. This clause may outline shared responsibilities, such as maintenance, marketing, or decision-making processes, and can specify how costs and benefits are divided between the parties. Its core practical function is to foster cooperation and align interests, thereby enhancing the success of the tenancy and addressing potential conflicts through predefined partnership mechanisms.
Tenant Partnership. If the Tenant is a partnership (the "Tenant Partnership") each Person who is presently a member of the Tenant Partnership, and each Person who becomes a member of any successor Tenant Partnership will be and continue to be liable jointly and severally for the full and complete performance of, and will be and continue to be subject to, the terms, covenants and conditions of this Lease, whether or not such Person ceases to be a member of such Tenant Partnership or successor Tenant Partnership.
Tenant Partnership. If the Tenant shall be a partnership, each person who shall be a member of such partnership or successor thereof shall be and continue to be jointly and severally liable for the performance and observance of all covenants, obligations and agreements of the Tenant under this Lease even if such person ceases to be a member of such partnership or successor thereof.
Tenant Partnership. If the Tenant is a partnership (the “Tenant Partnership”) each person who is presently a member of the Tenant Partnership and each person who becomes a member of any successor Tenant partnership hereafter, shall be and continue to be liable jointly and severally for the full and complete performance of, and shall be and continue to be subject to the terms, covenants and conditions of this Lease, whether or not such person ceases to be a member of such Tenant Partnership or successor Tenant Partnership. Each person on becoming a member of the Tenant Partnership, or any successor Tenant Partnership shall enter into such further and other documents as the Landlord may reasonably require for the purpose of this Section 1.12.
Tenant Partnership. If at any time during the Term (i) there is more than one Tenant or more than one Person constituting the Tenant hereunder then they shall each be liable jointly and severally for all of the Tenant's obligations hereunder and (ii) the Tenant is a partnership, joint venture or co-tenancy (the "Tenant Partnership"), each Person who is presently a member of the Tenant Partnership, and each Person who becomes a member of any successor Tenant Partnership hereafter, shall be and continue to be liable jointly and severally for the full and complete performance of, and shall be and continue to be subject to the terms, covenants and conditions of this Lease, whether or not such Person ceases to be a member of such Tenant Partnership or successor Tenant Partnership.
Tenant Partnership. If the Tenant is a partnership each Person who is a member of the partnership, and each Person who becomes a member of a successor of the partnership, is liable jointly and severally as Tenant under this Lease and will continue to be liable’ after that Person ceases to be a member of the partnership or a successor of the partnership and after the partnership ceases to exist.
Tenant Partnership. 37 Section 14.5 WAIVER................................................................37 Section 14.6
Tenant Partnership. If the Tenant is a partnership ("
Tenant Partnership. If a Permitted Transferee or Transferee shall be a partnership, it shall be a condition of consent to any transfer to such partnership that every person who is a member of such partnership, and each person who becomes a member of such partnership or of any successor partnership hereafter, will be personally and solidarily liable under the Lease, renounce to the benefits of division and discussion. If the Landlord so requires, each person who is a member of such partnership or who becomes a member of same or who is or becomes a member of any successor partnership, shall sign in favour of the Landlord a form of personal guaranty or undertaking in form and substance satisfactory to the Landlord. The Permitted Transferee or Transferee, as the case may be, shall further agree to provide to the Landlord on demand and, in any event, on an annual basis the names and addresses of all members of such partnership before the Landlord can consent to such Transfer.
Tenant Partnership. If the Tenant is a Partnership (the "Tenant Partnership"), each person who is presently a member of the Tenant Partnership and each person who becomes a member of any successor Tenant Partnership hereafter, shall be and continue to be liable jointly and severally for the full and complete performance of, and shall be and continue to be subject to, the terms, covenants and conditions of this Lease, whether or not such person ceases to be a member of such Tenant Partnership or successor Tenant Partnership, and after the Tenant Partnership ceases to exist.
Tenant Partnership. If the Tenant is a partnership each Person who is a member of the partnership, and each Person who becomes a member of a successor of the partnership, is liable jointly and severally as Tenant under this Lease and will continue to be liable’ after that Person ceases to be a member of the partnership or a successor of the partnership and after the partnership ceases to exist.