The Facility Lease Clause Samples
The Facility Lease. The Lessor and the Lessee have entered into that certain Facility Lease Agreement of even date herewith (the "Facility Lease") relating to the Land and the Improvements (as hereinafter defined), a Notice of which is to be recorded with the Clerk/Prothonotary of _____________________________.
The Facility Lease a Collateral Assignment of Permits, Approvals, Licenses, and Contracts of even date granted by Lessee to Lessor (the "Permits Assignment");
The Facility Lease iii. a Collateral Assignment of Permits, Approvals, Licenses, and Contracts of even date granted by the Lessee to the Lessor (the "Lessee Permits Assignment") and related UCC Financing Statements;
iv. a Security Agreement of even date by and between the Lessee and the Lessor (the "Security Agreement");
The Facility Lease. Lessor and Lessee have entered into that certain Facility Lease Agreement of even date herewith, relating to the Land (the "Facility Lease"), a Memorandum of which is to be recorded with the Sarasota County, Florida real estate records.
The Facility Lease. Lessor and Lessee have entered into that certain Facility Lease Agreement of even date herewith, relating to the Land (the "Facility Lease"), a Memorandum of which is to be recorded with the Maricopa County, Arizona real estate records.
The Facility Lease. Lessor and Lessee have entered into that certain Facility Lease Agreement of even date herewith, relating to the Land (the "Facility Lease"), a Memorandum of which is to be recorded with the ▇▇▇▇▇ County, Utah real estate records.
The Facility Lease. With respect to the Lease: (a) such Lease is in full force and effect, Seller and Landlord are in compliance with such Lease including payment of all rent due and payable under such Lease and performance of the respective obligations of the parties thereto, and no event has occurred or circumstance exists which, with the delivery of notice, passage of time or both, would constitute a breach or default of such Lease; (b) neither Seller nor the Landlord has either received nor given a notice of any default or event that with notice or lapse of time would constitute a default under the Lease; (c) Seller holds a valid tenant’s leasehold interest in the Leased Premises free of any Liens and (d) Seller has not subleased, assigned or otherwise granted any other parties the right to use or occupy any of the Leased Premises or any portion thereof.
The Facility Lease. So long as the Facility Lease remains in effect or the Landlord, as Lessee under the Facility Lease, is otherwise liable for amounts in respect thereof or under the other Operative Agreements, (i) Landlord shall look solely to the Lessee under the Facility Lease for the performance and discharge of Tenant's obligations and liabilities under this Site Lease (other than with respect to Lessor's Liens and the restrictions on Tenant's rights of assignment and subleasing under Section 10) with the same force and effect as though Tenant had performed the same, (ii) Tenant shall have no liability hereunder (other than with respect to Lessor's Liens and the restrictions on Tenant's rights of assignment and subleasing under Section 10), (iii) other than with respect to any events arising out of any failure to fulfill obligations with respect to Lessor's Liens and the restrictions on Tenant's rights of assignment and subleasing under Section 10, no default or event of default shall arise hereunder and (iv) the rights of Tenant hereunder shall not be affected by any failure of Tenant to perform or discharge such liabilities or obligations notwithstanding (a) any continuation of any such failure after the end of the term of the Facility Lease or (b) that such failure first became known or apparent after the end of the term of the Facility Lease. No such performance or discharge by or on behalf of the Landlord, as Lessee under the Facility Lease, shall be deemed a merger of the Facility Lease with this Site Lease or a merger of the estate of the Owner Trustee under the Facility Lease with the estate of the Lessee thereunder.
The Facility Lease. The Lessor and the Lessee have entered into that certain Facility Lease Agreement of even date herewith (the "Facility Lease") relating to the Land and the Improvements (as hereinafter defined), a notice of which is to be recorded with the Clerk/Prothonotary of Union County, Pennsylvania.
The Facility Lease. See Section 3.2.