TRI-PARKING AGREEMENT Sample Clauses

TRI-PARKING AGREEMENT. In connection with the Closing, Seller, in its capacity as owner of the Hotel, intends to enter into a parking agreement with Buyer and the current parking operator of the subterranean garage located under the Building (hereinafter, the "TRI-PARTY PARKING AGREEMENT") on a form to be agreed upon by and among such parties. Buyer shall have until five (5) business days after its receipt of a draft of a form of the Tri-Parking Agreement to deliver to Seller its approval or disapproval of the Tri-Parking Agreement. If Buyer timely disapproves of the draft of the Tri-Parking Agreement submitted by Seller, Seller may make such changes as it deems appropriate based upon Buyer's input and submit revised draft(s) to Buyer for its approval, and Buyer shall have a period of three (3) days after delivery of any revised draft to notify Seller of whether it approves or disapproves the revised draft. Seller may continue such process of submission of revised draft(s) until Buyer's approval is obtained. In order to be effective, any notice of disapproval must specify in detail the changes to the draft(s) necessary to obtain Buyer's approval. If Buyer fails timely to deliver its approval or disapproval of any submitted draft(s), it shall be deemed to have approved the draft(s) submitted. If on or before the expiration of the Due Diligence Period, Buyer has not approved or deemed to have approved the draft of the Tri-Parking Agreement, Seller may terminate this Agreement by delivering notice thereof to Buyer on or before ten (10) days after expiration of the Due Diligence Period, in which case the Deposit shall be returned to Buyer, each party shall pay one-half (1/2) of the Escrow cancellation charges, and except with respect to the surviving provisions of this Agreement, neither party shall have any rights or remedies against the other based upon this Agreement.
Sample 1
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Related to TRI-PARKING AGREEMENT

  • Reciprocal Easement Agreements (a) Neither Borrower, nor any other party is currently in default (nor has any notice been given or received with respect to an alleged or current default) under any of the terms and conditions of the REA, and the REA remains unmodified and in full force and effect;

  • Lease Agreement On the terms stated in this Lease, Landlord leases the Premises to Tenant, and Tenant leases the Premises from Landlord, for the Term beginning on the Commencement Date and ending on the Termination Date unless extended or sooner terminated pursuant to this Lease.

  • Operating Agreement The Borrower will not amend, modify, waive or terminate any provision of its operating agreement without the prior written consent of the Administrative Agent.

  • Property Management Agreement The Property Management Agreement is in full force and effect and, to Borrower's Knowledge, there are no defaults thereunder by any party thereto and no event has occurred that, with the passage of time and/or the giving of notice would constitute a default thereunder.

  • Amendment to Purchase Agreement The Purchase Agreement is hereby amended as follows:

  • Governing Agreement The Assigned Transaction and the Confirmation shall form a part of, and be subject to, the ISDA Master Agreement dated as of September 29, 2006, as amended or supplemented from time to time (the "New Master Agreement"), between Assignee and Remaining Party. The Confirmation shall form a part of, and be subject to, the New Master 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.

  • Lease Agreements 11 Section 3.15

  • Agreement to Lease Lessor hereby agrees to lease the Aircraft to Lessee, and Lessee hereby agrees to lease the Aircraft from Lessor, on the terms and subject to the conditions set forth in this Lease.

  • Sublease Agreement Sublandlord and Subtenant hereby represent that a true and complete copy of the Sublease Agreement is attached hereto and made a part hereof as Exhibit A.

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