Xxxxxx Lease. The Xxxxxx Lease shall have been transferred to Xxxxxx or Xxxxxx shall have entered into a sub-lease under the terms and conditions set forth in Section 3.18.
Xxxxxx Lease. Oil & Gas Lease dated March 27, 1925, by and between Xxx Xxxxxxxx; Lessee, as Lessors to X.X. Xxxxx, as Lessee, recorded in Volume 1, Page 144 of the Oil & Gas Records, Xxxxxxx County, Texas.
Xxxxxx Lease. The Xxxxxx Lease covers 2,954.75 acres of geothermal rights only. It is contiguous with the Vulcan Property and the Crank Lease with land parcels located in Sections 24, 25, 26, 27, 33, and 34 (Township 15 South, Range 26 East), and in Sections 18, 19, 20, 29, and 30 (Township 15 South, Range 27 East). Geo does not control surface access to all lands covered by the Xxxxxx Lease. The lease has a primary term of 10 years and is extended indefinitely so long as production from the geothermal field is maintained. Lease payments are as follows: • Years 1-5: US$2.50 per acre (Year 1 paid on signing) • Years 6-10: US$3.00 per acre Xxxxxxx Xxxxxx is at arm’s length to Geo. The consideration payable by Geo under the Xxxxxx Lease was determined through arm’s length negotiation.
Xxxxxx Lease. The duly authorized and executed lease agreement between Xxxxxx and Aracruz Celulose delivered to the Administrative Agent and the Lenders providing for the lease by Aracruz Celulose of the Barra do Riacho Plants, which lease shall be in the Portuguese language and in form and substance reasonably satisfactory to the Lenders and, by its terms, shall be terminable by the Administrative Agent (acting at the direction of the Majority Lenders) upon the occurrence and during the continuation of an Event of Default under Section 9.1(a) or an Acceleration Event without any cost or penalty (such agreement, the “Xxxxxx Lease).
Xxxxxx Lease. This Office Lease (the “Lease”), dated as of the date set forth in Section 1 of the Summary of Basic Lease Information (the “Summary”), below, is made by and between GATEWAY CENTER, LLC, a California limited liability company (“Landlord”), and D-NOVO THERAPEUTICS, INC., a Delaware corporation (“Tenant”).
Xxxxxx Lease. Notwithstanding anything to the contrary contained in this Agreement: (i) in no event may Borrowers amend, terminate, accept a surrender of, cancel or otherwise modify the Xxxxxx Lease or any provision thereof without Lender's prior written consent (which consent shall not be required with respect to any amendment, the sole purpose of which is to either (x) reallocate the rent payable thereunder pursuant to Section 24 of the Twelfth Amendment to Unitary Lease or (y) release a specific Property from the demised premises thereunder in accordance with Section 2.4.2), (ii) Borrowers shall deliver to Lender a copy of any material plan, material report or other written communication of any kind delivered to any Borrower or Manager by or on behalf of the tenant under the Xxxxxx Lease, within five (5) Business Days after receipt by such Borrower or Manager, (iii) each Borrower shall give Lender a copy of any written notice given or received by such Borrower or Manager to or from the tenant under the Xxxxxx Lease simultaneously with the giving of such notice to such tenant, or in the case of notices received by such Borrower or Manager from the tenant under the Xxxxxx Lease, within five (5) Business Days after receipt of such written notice and (iv) Borrowers shall be able to freely reallocate rent payable under the Xxxxxx Lease and Lender shall not withhold its consent to an amendment of the Xxxxxx Lease on account of a reallocation of rent or a release of a Property in accordance with Section 2.4.2. Notwithstanding anything to the contrary contained herein, Borrowers may reduce the amount of rent payable under the Xxxxxx Lease, at any time, provided that (A) no Event of Default shall have commenced and then be continuing; (B) the aggregate amount of all such rent reductions (after taking into account any previous rent reductions, but excluding any reductions of Rent made in connection with a Severed Lease or Severed Property (all of which are defined in the Xxxxxx Lease) pursuant to Section 29.02 of the Xxxxxx Lease) shall not exceed $600,000; and (C) Borrowers shall (i) make a prepayment of Principal in an amount equal to (x) .85 times the amount obtained by dividing the amount of the rent reduction being made by (y) 0.10, and (ii) pay all accrued and unpaid interest on the Principal being prepaid pursuant to clause (i).
Xxxxxx Lease. Exxel and Dolphin agree to pay Apollo $57,898.13 ($43,423.60 by Exxel and $14,474.53 by Dolphin) for the August X. Xxxxxx top lease and Apollo agrees to deliver such lease to Exxel and Dolphin (75% to Exxel and 25% to Dolphin) upon receipt of such payment.
Xxxxxx Lease. (40 acres) Currently operated by Paluca Petroleum, Inc.
Xxxxxx Lease a lease to be entered into pursuant to Clause 14 of this Agreement by the Buyer the Beneficial Owner and the Lease Guarantor in the form of the draft attached at Schedule 4; the 2002 Act: the Land Registration Xxx 0000.
Xxxxxx Lease. Under direct leasing, a firm acquires the right to use an asset from the manufacture directly. The ownership of the asset leased out remains with the manufacture itself.
