Examples of Acquired Lease in a sentence
If a tract has multiple activities (e.g., Fee Acquired and Restored), then create a separate line for each activity.• Activity Type: Fee Acquired, Fee Donated, Easement Acquired, Easement Donated, Lease Acquired, Lease Donated, Restored, Enhanced, Wetland Established.• Wetland acres, upland acres, and riparian miles within each tract.
If a tract has multiple activities (e.g., Fee Acquired and Restored), then create a separate line for each activity.• Activity Type: Fee Acquired, Fee Donated, Easement Acquired, Easement Donated, Lease Acquired, Lease Donated, Restored, Enhanced, Wetlands Established.• Wetland acres, upland acres, and riparian miles within each tract.
Except for the Proceedings listed in Sections 8.4(a) or 8.8 of the Disclosure Schedule, to Seller’s Knowledge as of the date hereof, (a) each of the Acquired Leases is in full force and effect, (b) Seller is not in breach or default in any material respect with respect to any of its obligations under any Acquired Lease and (c) no lessor under any Acquired Lease has given written notice to Seller of any action to terminate, cancel, rescind, repudiate, or procure a judicial reformation of any Acquired Lease.
Seller is not in default and has not received any written notice of any material breach or default on the part of or by any party under any such Acquired Lease or Acquired Easement which remains uncured and no event has occurred that, upon the giving of notice or the lapse of time or both, would constitute a default under any such Acquired Lease or Acquired Easement, or which would confer to the other parties to such agreements, any right to terminate such Acquired Leases or Acquired Easements.
Sellers shall be solely responsible for the payment, performance and discharge when due of all Liabilities under or relating to the Acquired Assets with respect to the applicable Acquired Property, including such Acquired Lease and any other Assigned Agreements, arising prior to such Assignment Date (other than such Purchaser Cure Costs and certain Expenses (as provided herein or in the Agency Agreement) and, for the avoidance of doubt, Assumed Obligations).
Other than payment of the applicable Buyer Cure Costs in accordance with the terms of this Agreement or as otherwise expressly provided in this Agreement, no additional consideration shall be required to be paid by Buyer or any Assignee to Sellers in connection with any exercise by Buyer of the Designation Rights or the sale, transfer, assignment, conveyance and delivery to the applicable Assignee of an Acquired Lease and the other related Acquired Assets.
On the terms and subject to the conditions hereof and of Section 4.18(c) of the Sellers Disclosure Schedule, each Sellers Lease designated as an Acquired Lease as of the Closing Date shall be assigned to the Buyer or the Company Broker-Dealer (as applicable) at Closing, and the Buyer or the Company Broker-Dealer (as applicable) shall assume the Seller’s or Holdings’ obligations thereunder (as applicable), pursuant to the Acquired Lease Assignment and Assumption Agreement in respect thereof.
The representations and warranties of the Sellers will expire upon the earlier of (i) the Closing Date (with respect to Acquired Assets relating to the Acquired Inventory, the Acquired Intellectual Property and any other Acquired Asset relating thereto), the applicable Lease Assignment Date (with respect to each Acquired Lease and all related Acquired Assets), or the end of the Designation Rights Period (with respect to any Lease that is not an Acquired Lease) or (ii) the termination of this Agreement.
A true and correct copy of each Acquired Lease has been made available to Buyer.
Upon request from the Company, Parent agrees to provide a guarantee of Purchaser Sub’s obligations under any or all of the Acquired Leases in form and substance reasonably satisfactory to the landlord party to such Acquired Lease and the Company.