Examples of Company Lease Agreement in a sentence
This Company Lease Agreement may be executed in several counterparts, each of which shall be an original and all of which shall constitute but one and the same instrument.
The Company hereby represents and warrants that it has good and marketable title to the Project Facility, free and clear of all Liens except for Permitted Encumbrances and the Company Lease Agreement and agrees that it will defend, indemnify and hold the Lessor harmless from any expense or liability due to any defect in title thereto.
The rent payable by the Agency under this Company Lease Agreement shall be one dollar ($l.00) and other good and valuable consideration, receipt of which is hereby acknowledged by the Company.
Further, if any one or more of the phrases, sentences, clauses, paragraphs or sections herein shall be contrary to law, then such covenant or covenants or agreement or agreements shall be deemed separable from the remaining provisions hereof and shall in no way affect the validity of the other provisions of this Company Lease Agreement.
The Company has conveyed or will convey, or will cause to be conveyed, a leasehold interest in the Land and the Facility and a fee interest in the Equipment to the Lessor pursuant to the Company Lease Agreement and the Bill of Sale to the Lessor.
This Company Lease Agreement and any and all modifications, amendments, renewals and extensions hereof shall be subject and subordinate to any mortgage, security agreement or collateral in favor of the Bank, as its interests may appear, with respect to the Project, and to any and all modifications, amendments, consolidations, extensions, renewals, replacements and increases thereof.
The Agency, as lessee, xxxxxx agrees to pay to the Company, as lessor under the Company Lease Agreement, (i) an initial payment in the amount of $1.00 to be paid at Closing on the date thereof and (ii) lease rentals for the Project in an amount equal to One Dollar ($1.00) per annum during the Lease Term.
Capitalized terms in this Company Lease Agreement but not defined herein shall have the meaning set forth in the Agency Lease of even date herewith by and between the Agency, as landlord, and the Company, as tenant (the “Agency Lease”), or the Project Agreement, dated as of July 26, 2022, by and between the Agency and the Company (the “Project Agreement”).
The Company will promptly obtain or cause to be obtained insurance on the title of the Project issued by a qualified title insurance company which title insurance shall continue in effect for the Lease Term, showing the Company as the fee owner of the Project and the Agency’s interest in the Company Lease Agreement, subject to the Bank Mortgage and Permitted Encumbrances.
The Agency shall not sell, assign, encumber (other than for Permitted Encumbrances), convey or otherwise dispose of its interest in the Company Lease Agreement or the Agency Lease or any part thereof during the term of this Agreement, without the prior written consent of the Company and the Bank and any purported disposition without such consent shall be void.