Termination of Blue Light Holdings Lease Sample Clauses

Termination of Blue Light Holdings Lease. Seller acknowledges and agrees that (i) Seller is party to that certain Lease Agreement between Seller and Blue Light Holdings, LLC ("Blue Light"), dated as of August 18, 2008 (the "Blue Light Lease"), pursuant to which Blue Light agrees to deliver to Seller, and Seller agrees to lease from Blue Light, the premises as described therein on the terms and conditions set forth therein, and (ii) the Blue Light Lease is subject to termination by Seller upon the failure by Blue Light to deliver to Seller such premises, subject to the terms and conditions of the Blue Light Lease, on or before February 28, 2010. Seller shall, without the requirement of any further action or notice by Buyer, Guarantor, or any of their respective Affiliates, provide written notice to Buyer and Guarantor within two (2) Business Days following the date on which Seller's right to terminate the Lease becomes effective in accordance with its terms and shall, at Buyer's sole discretion and pursuant to the written instructions of Buyer, take all actions reasonably requested by Buyer to terminate the Blue Light Lease in accordance with its terms. ARTICLE VIII
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Related to Termination of Blue Light Holdings Lease

  • Termination of Management Agreement Evidence of the termination of any and all management agreements affecting the Property, effective as of the Closing Date, and duly executed by Seller and the property manager.

  • Fifth Amended and Restated Limited Liability Company Operating Agreement Dated as of November 30, 2012

  • Termination of the Partnership The Partnership shall terminate when all assets of the Partnership, after payment or due provision for all debts, liabilities and obligations of the Partnership, shall have been distributed to the Partners in the manner provided for in this Article VIII, and the Certificate shall have been canceled in the manner required by the Act.

  • Termination of Partnership The Partnership shall terminate when all assets of the Partnership, after payment of or due provision for all Liabilities of the Partnership, shall have been distributed to the Partners in the manner provided for in this Agreement, and the Certificate shall have been canceled in the manner provided by the Act.

  • Termination of Existing Agreement The Existing Agreement is hereby terminated and replaced and superseded by this Agreement, effective August 1, 2001. All payments, of Base Salary or otherwise, made by the Company under the Existing Agreement with respect to any period commencing on or after August 1, 2001 shall be credited against the corresponding payment obligations of the Company under this Agreement.

  • Operating Partnership Agreement The Operating Partnership Agreement, in substantially the form attached hereto as Exhibit B, shall have been executed and delivered by the partners of the Operating Partnership and shall be in full force and effect and, except as contemplated by Section 2.03 or the other Formation Transaction Documents, shall not have been amended or modified.

  • Termination of Partnership and Cancellation of Certificate of Limited Partnership Upon the completion of the liquidation of the Partnership’s assets, as provided in Section 13.2 hereof, the Partnership shall be terminated, a certificate of cancellation shall be filed, and all qualifications of the Partnership as a foreign limited partnership in jurisdictions other than the state of Delaware shall be canceled and such other actions as may be necessary to terminate the Partnership shall be taken.

  • Termination of Company Upon the completion of the liquidation of the Company and the distribution of all Company assets, the Company's affairs shall terminate and the Liquidator shall cause to be executed and filed an appropriate certificate, if required, to such effect in the proper governmental office or offices, as well as any and all other documents required to effectuate the termination of the Company.

  • Termination of Related Party Agreements Except as set forth on Schedule 9.7, all existing agreements between the Company and the Stockholders (and between the Company and entities controlled by the Stockholders) shall have been canceled effective prior to or as of the Consummation Date.

  • Termination of Merger Agreement Notwithstanding anything to the contrary contained herein, in the event that the Merger Agreement is terminated in accordance with its terms prior to the Closing, this Agreement and all rights and obligations of the parties hereunder shall automatically terminate and be of no further force or effect.

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