Examples of Business Leases in a sentence
All three actions relate to the same cause of action in that the Defendants had defaulted in their obligations to surrender the Special Agricultural Business Leases (SABLs) to NBPOL for registration of the sub-leases despite having received benefits under the sub-lease agreements (SLAs), which include, rent paid by NBPOL for the customary land of 3,720 hectares (Land), royalties for the fresh fruit bunches harvested from the Land and 31,250 ordinary shares in NBPOL issued to each of the Defendants.
Whenever any Borrowing Notice with respect to a Lease Financing Loan is delivered, cause the Lender to have a valid first-priority, perfected Lien on and security interest in the Pledged Assets including (i) all Refreshment Centers and Equipment relating to the Business Lease to be financed with the proceeds of such Lease Financing Loan, (ii) all Business Leases, and (iii) all instruments and chattel paper evidencing any Business Leases.
The Lender shall provide the Custodian a schedule and an electronic file (the "LEASE SCHEDULE") of Business Leases, containing the information set forth in Schedule I attached hereto for each Business Lease.
Except as set forth on Schedule 3.11, there is not, with respect to the Fastener Business Leases, any existing default, or event of default, or event which with or without due notice or lapse of time or both would constitute a default or an event of default, on the part of any of the Sellers or any of their respective subsidiaries or, to the best knowledge of the Sellers, any other party thereto, which, individually or in the aggregate, would reasonably be expected to have a Material Adverse Effect.
The Business Leases and the Equipment leased thereunder shall be sold, transferred and assigned to the Purchaser in consideration of the payment by the Purchaser to the Seller in an amount equal to the Loan Amount for the Lease Financing Loan related to such Business Lease (the "PURCHASE PRICE"), which sum the Purchaser shall remit to the Seller in immediately available funds at the Closing of such sale.