Transfer of Leases Sample Clauses

Transfer of Leases. Immediately following the Closing, Lessee shall transfer all its leases to a new special purpose subsidiary and Lessee shall enter into management contracts to manage the properties subject to the leases.
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Transfer of Leases. (a) Any Initial Intermediate Lessee that within three months of the Effective Date has not had 100% of its Equity Interests transferred to Holdings or a Subsidiary of Holdings shall take all actions necessary to enter into novations with a Borrower Party (other than any other Initial Intermediate Lessee) with respect to each Intermediate Lease to which such Initial Intermediate Lessee is a party on or before the six-month anniversary of the Effective Date.
Sample 1
Transfer of Leases. CP Holding shall cause CP&Co to transfer and assign to CAC all rights and obligations under the New York Lease and the Georgia Lease without warranty or recourse of any nature as to any matter. Sellers shall use all reasonable best efforts to secure prior to the Closing a release of CP&Co by the landlords under the New York Lease and the Georgia Lease (including through offering a guaranty by Sellers of the obligations of the tenant under each of the New York Lease and the Georgia Lease).
Sample 1
Transfer of Leases. (a) The Trustee does hereby transfer, assign and set-over to the Transferor, without representation, warranty or recourse, all right, title and interest of the Trust in and to the assets in and arising in connection with the Removed Leases designated hereby, including all monies due or to become due thereunder and all Collections in respect thereof, the related Equipment, the related Lease Files, the Insurance Policies and any Insurance Proceeds related to the Removed Leases, and all income or proceeds of the foregoing or relating thereto. (b) In connection with such transfer, the Trustee agrees to execute and deliver to the Transferor on or prior to the date of this Retransfer Agreement, a termination statement or partial release with respect to the Removed Leases designated hereby (which may be a single termination statement with respect to all such property) evidencing the reassignment and release by the Trust of its lien on and interest in the Removed Leases and the related Equipment, and meeting the requirements of applicable state law, in such manner and such jurisdictions as are necessary to evidence such reassignment.
Sample 1
Transfer of Leases. Seller shall have caused the landlord for the Riverdale, New Jersey facility to execute and deliver to Buyer a lease for the space currently occupied by Seller with respect to the Business at the facility on terms and conditions no less favorable to Buyer as currently exist in favor of Seller and on such other terms and conditions as are mutually agreeable to the landlord and Buyer. Seller shall enter into a lease termination agreement for the space to be leased by Buyer at the Riverdale, New Jersey facility in form and substance reasonably acceptable to Buyer. In addition, Seller shall assign the Leases (other than the Riverdale, New Jersey lease) listed on SCHEDULE 1.28 to Buyer pursuant to an assignment and assumption agreement on terms mutually agreeable to the parties.
Sample 1
Transfer of Leases. Leases, if any, shall be transferred to Purchaser at Closing.
Sample 1
Transfer of Leases. 11.1 During the Period of the Rental, the Tenant is prohibited from surrendering, transferring or leasing back the Rental Room or a part of the Rental Room to another third party without obtaining the prior written consent of the Owner. 11.2 The owner must give approval for the Tenant's intention to surrender, transfer or lease back the Rental Room or a part of the Rental Room if the Tenant has met the following conditions: 11.2.1 The Tenant must guarantee to the Owner that the third Party who will accept the delivery, transfer or leaseback of the Rental Room or part of the Rental Room (hereinafter referred to as "Substitute Tenant") is the responsible party and is in good financial condition. , and the Tenant has submitted the identity of the Substitute Tenant, which includes name, address, and line of business, to the Owner
Sample 1
Transfer of Leases. On each Lease Purchase Date, the Seller shall sell, transfer, assign and otherwise convey to the Purchaser, without recourse, all of the Seller's right, title and interest in, to and under the Leases and related Lease Assets that the Purchaser has agreed to purchase on such date. Each Lease to be so purchased shall be identified in a Xxxx of Sale delivered by the Seller to the Purchaser on such Lease Purchase Date.
Sample 1
Transfer of Leases. Seller shall transfer all right, title and interest in the Leases together with the improvements related thereto, to RTM or a Buyer designated by RTM pursuant to lease assignments in recordable form, free of all mortgages, liens and encumbrances other than Permitted Encumbrances; provided, however, that, with the mutual agreement of the parties, Seller may sublease all of its right, title and interest in a particular Leased Restaurant to RTM or a Buyer designated by RTM. Such instruments of transfer are referred to herein collectively as the "Lease Assignments."
Sample 1

Related to Transfer of Leases

  • Assignment of Leases The Assignment of Leases creates a valid assignment of, or a valid security interest in, certain rights under the Leases, subject only to a license granted to Borrower to exercise certain rights and to perform certain obligations of the lessor under the Leases, including the right to operate the Property. No Person other than Lender has any interest in or assignment of the Leases or any portion of the Rents due and payable or to become due and payable thereunder.

  • Assignment of Lease Assignor hereby assigns, transfers, conveys and delivers to Assignee all of Assignor’s right, title and interest in, to and under the Lease Agreement.

  • Assignment of Leases and Rents There exists as part of the related Mortgage File an Assignment of Leases (either as a separate instrument or incorporated into the related Mortgage). Subject to the Permitted Encumbrances and the Title Exceptions, each related Assignment of Leases creates a valid first-priority collateral assignment of, or a valid first-priority lien or security interest in, rents and certain rights under the related lease or leases, subject only to a license granted to the related Mortgagor to exercise certain rights and to perform certain obligations of the lessor under such lease or leases, including the right to operate the related leased property, except as the enforcement thereof may be limited by the Standard Qualifications. The related Mortgage or related Assignment of Leases, subject to applicable law, provides that, upon an event of default under the Mortgage Loan, a receiver is permitted to be appointed for the collection of rents or for the related Mortgagee to enter into possession to collect the rents or for rents to be paid directly to the Mortgagee.

  • GRANT OF LEASE Landlord does hereby lease unto Tenant, and Tenant does hereby rent from Landlord, solely for use as a personal residence, excluding all other uses, the personal residence located in USA, GA, with address of: 0000 Xxxxxx Xxx, #0, Xxxxxxxxxxxx, XX, XXX It is agreed and understood that all covenants of this lease shall succeed to and be binding upon the respective heirs, executors, administrators, successors and, except as provided herein, assigns of the parties hereto, but nothing contained herein shall be construed so as to allow the Tenant to transfer or assign this lease in violation of any term here of.

  • Use of Leased Property Xxxxxx agrees to use the Leased Property only as residence. Xxxxxx agrees to obey all federal, state and local laws and regulations when using the Leased Property. Xxxxxx agrees not to store any flammable or dangerous things in or around the Leased Property. Xxxxxx agrees not to do anything in or around the Leased Property, which could harm anyone or damage any property. Xxxxxx agrees that Tenant will not allow more than one person per bedroom to live in the Leased Property without the written permission of Landlord. The fact that Tenant may have conflict with a roommate will not act as grounds to terminate this Lease. In the event that Xxxxxx is arrested for or charged with any crime (other than a traffic related offense not involving illegal or controlled substances) during the term of the Lease, and/or Landlord is presented with evidence of activities of Tenant which shall constitute a nuisance or a threat to Landlord, other tenants, the Leased Property or the development, Landlord shall have the right to evict Tenant from the Leased Property.

  • Condition of Leased Property Tenant acknowledges receipt and delivery of possession of the Leased Property and Tenant accepts the Leased Property in its “as is” condition, subject to the rights of parties in possession, the existing state of title, including all covenants, conditions, restrictions, reservations, mineral leases, easements and other matters of record or that are visible or apparent on the Leased Property, all applicable Legal Requirements, the lien of any financing instruments, mortgages and deeds of trust existing prior to the Commencement Date or permitted by the terms of this Agreement, and such other matters which would be disclosed by an inspection of the Leased Property and the record title thereto or by an accurate survey thereof. TENANT REPRESENTS THAT IT HAS INSPECTED THE LEASED PROPERTY AND ALL OF THE FOREGOING AND HAS FOUND THE CONDITION THEREOF SATISFACTORY AND IS NOT RELYING ON ANY REPRESENTATION OR WARRANTY OF LANDLORD OR LANDLORD’S AGENTS OR EMPLOYEES WITH RESPECT THERETO AND TENANT WAIVES ANY CLAIM OR ACTION AGAINST LANDLORD IN RESPECT OF THE CONDITION OF THE LEASED PROPERTY. LANDLORD MAKES NO WARRANTY OR REPRESENTATION, EXPRESS OR IMPLIED, IN RESPECT OF THE LEASED PROPERTY OR ANY PART THEREOF, EITHER AS TO ITS FITNESS FOR USE, DESIGN OR CONDITION FOR ANY PARTICULAR USE OR PURPOSE OR OTHERWISE, AS TO THE QUALITY OF THE MATERIAL OR WORKMANSHIP THEREIN, LATENT OR PATENT, IT BEING AGREED THAT ALL SUCH RISKS ARE TO BE BORNE BY TENANT. To the maximum extent permitted by law, however, Landlord hereby assigns to Tenant all of Landlord’s rights to proceed against any predecessor in interest or insurer for breaches of warranties or representations or for latent defects in the Leased Property. Landlord shall fully cooperate with Tenant in the prosecution of any such claims, in Landlord’s or Tenant’s name, all at Tenant’s sole cost and expense. Tenant shall indemnify, defend, and hold harmless Landlord from and against any loss, cost, damage or liability (including reasonable attorneys’ fees) incurred by Landlord in connection with such cooperation.

  • Assignment of Leases, Rents and Profits There exists as part of the related Mortgage File an Assignment of Leases, Rents and Profits (either as a separate instrument or incorporated into the related Mortgage). Subject to the Permitted Encumbrances and the Title Exceptions (and, in the case of a Mortgage Loan that is part of a Whole Loan, subject to the related Assignment of Leases, Rents and Profits constituting security for the entire Whole Loan), each related Assignment of Leases, Rents and Profits creates a valid first-priority collateral assignment of, or a valid first-priority lien or security interest in, rents and certain rights under the related lease or leases, subject only to a license granted to the related Borrower to exercise certain rights and to perform certain obligations of the lessor under such lease or leases, including the right to operate the related leased property, except as the enforcement thereof may be limited by the Standard Qualifications. The related Mortgage or related Assignment of Leases, Rents and Profits, subject to applicable law, provides that, upon an event of default under the Mortgage Loan, a receiver is permitted to be appointed for the collection of rents or for the related mortgagee to enter into possession to collect the rents or for rents to be paid directly to the mortgagee.

  • Transfer of Landlord’s Interest Tenant acknowledges that Landlord has the right to transfer all or any portion of its interest in the Project or Building and in this Lease, and Tenant agrees that in the event of any such transfer, Landlord shall automatically be released from all liability under this Lease and Tenant agrees to look solely to such transferee for the performance of Landlord’s obligations hereunder after the date of transfer and such transferee shall be deemed to have fully assumed and be liable for all obligations of this Lease to be performed by Landlord, including the return of any Security Deposit, and Tenant shall attorn to such transferee.

  • SURRENDER OF LEASE The voluntary or other surrender of this Lease by Lessee, or a mutual cancellation thereof, shall not work a merger, and shall, at the option of Lessor, terminate all or any existing subleases or sub tenancies, or may, at the option of Lessor, operate as an assignment to him of any or all such subleases or sub tenancies.

  • Execution of Lease This Lease may be executed in counterparts and, when all counterpart documents are executed, the counterparts shall constitute a single binding instrument. Landlord's delivery of this Lease to Tenant shall not be deemed to be an offer to lease and shall not be binding upon either party until executed and delivered by both parties.

Most Referenced Clauses

Most Referenced Definitions