Terms of Direct Lease Sample Clauses

Terms of Direct Lease. If Landlord elects to have Subtenant --------------------- lease the Premises directly from Landlord, or if Subtenant satisfies the conditions set forth in paragraph 6(b) above, then (in either of those events), Landlord shall lease the Premises to Subtenant, and Subtenant shall lease the Premises from Landlord, upon and subject to the same terms and conditions as are provided in the Sublease, substituting Landlord in place of Sublandlord (but without any merger, so that the terms set forth in the Sublease shall continue to be subject to the Prime Lease and Landlord shall be entitled to act separately as Sublandlord and as Master Landlord), for a term commencing on the Termination Date and expiring March 31, 2009, unless sooner terminated pursuant to the terms set forth in the Sublease, except that the Monthly Base Rent shall be adjusted effective as of the Termination Date to equal the greater of one hundred percent (100%) of the Fair Market Base Rental for the Premises (to be determined as provided in paragraph 6(e) below), or the Monthly Base Rent as specified in the Sublease, and except also that the following provisions of the Sublease shall not apply to the direct lease between Landlord and Subtenant' Section 3 (Rent Commencement), the provisions relating to the "First Year Cap" in Section 4(b) (Additional Rent), Landlord shall have no obligation to return to Subtenant any security deposit or letter of credit not actually delivered or transferred from Sublandlord to Landlord, Section 11 (a) (Exterior Building Signage), Section 11 (b) (Interior Building Signage), except that Landlord shall permit Subtenant under the direct lease to continue to maintain interior signage installed in accordance with the Interior Signage Plan as provided in Section 11 (b) of the Sublease, Section 12 (Right of First Offer for Additional Space), the last sentence of Section 13 (Assignment and Subletting), Section 17 (Sublandlord Warranties), the first sentence of Section 18 (Sublease Subject to Master Lease), except that the first clause ("This Sublease is an all respects subject to the provisions of the Master Lease") shall continue to apply, Section 21 (b) (Sublandlord Default), the warranties, representations and covenants of Sublandlord under Xxxxxxx 00 (Xxxxxx), xxx Xxxxxxx 00 (Xxxxxxxxx).
Sample 1
AutoNDA by SimpleDocs

Related to Terms of Direct Lease

  • Terms of Lease The primary term of this Lease shall be for twelve (12) months commencing on the 1st day of May, 2005, and ending on the 30th day of April, 2006, both dates inclusive, unless sooner terminated as herein provided. Thereafter, the Lease shall continue on a month to month basis on the same terms and conditions, except as provided in paragraph 4.

  • Letter of Direction Duly executed originals of a letter of direction from Borrower Representative addressed to Agent, on behalf of itself and Lenders, with respect to the disbursement on the Closing Date of the proceeds of the initial Revolving Credit Advance.

  • Incorporation of Terms of Plan The Option is subject to the terms and conditions of the Plan which are incorporated herein by reference. In the event of any inconsistency between the Plan and this Agreement, the terms of the Plan shall control.

  • Notice of Direct Claims Any claim for indemnification or contribution under this Agreement or any Ancillary Agreement that does not result from a Third-Party Claim shall be asserted by written notice given by the Indemnitee to the applicable Indemnifying Party; provided, that the failure by an Indemnitee to so assert any such claim shall not prejudice the ability of the Indemnitee to do so at a later time except to the extent (if any) that the Indemnifying Party is prejudiced thereby. Such Indemnifying Party shall have a period of thirty (30) days after the receipt of such notice within which to respond thereto. If such Indemnifying Party does not respond within such thirty (30)-day period, such specified claim shall be conclusively deemed a Liability of the Indemnifying Party under this Section 4.6(b) or, in the case of any written notice in which the amount of the claim (or any portion thereof) is estimated, on such later date when the amount of the claim (or such portion thereof) becomes finally determined. If such Indemnifying Party does not respond within such thirty (30)-day period or rejects such claim in whole or in part, such Indemnitee shall, subject to the provisions of Article VII, be free to pursue such remedies as may be available to such party as contemplated by this Agreement and the Ancillary Agreements, as applicable, without prejudice to its continuing rights to pursue indemnification or contribution hereunder.

  • Terms of Sale The Purchase Price for all Partnership Interests purchased pursuant to Section 8.5 or Section 8.6 shall be paid at the Closing in immediately available United States funds; provided, however:

  • Definitions of Key Terms Relating to Additional Rent As used in this Article 4, the following terms shall have the meanings hereinafter set forth:

  • Terms of Plan This Agreement is entered into pursuant to the Plan (a copy of which has been delivered to the Grantee). This Agreement is subject to all of the terms and provisions of the Plan, which are incorporated into this Agreement by reference, and the actions taken by the Committee pursuant to the Plan. In the event of a conflict between this Agreement and the Plan, the provisions of the Plan shall govern. All determinations by the Committee shall be in its sole discretion and shall be binding on the Company and the Grantee.

  • Terms of Notes The following terms relating to the Notes are hereby established:

  • Specific Terms Whenever used in this Agreement, the following words and phrases, unless the context otherwise requires, shall have the following meanings:

  • Contract Terms Within thirty (30) days after Buyer exercises an option to purchase Option Aircraft pursuant to paragraph 4 above, Boeing and Buyer will use their best reasonable efforts to enter into a supplemental agreement amending the Agreement to add the applicable Option Aircraft to the Agreement as a firm Aircraft (the Option Aircraft Supplemental Agreement). If the parties have not entered into such an Option Aircraft Supplemental Agreement within the time period contemplated herein, either party shall have the right, exercisable by written or telegraphic notice given to the other within ten (10) days after such period, to cancel the purchase of such Option Aircraft.

Time is Money Join Law Insider Premium to draft better contracts faster.