Duke Lease definition
Examples of Duke Lease in a sentence
To the knowledge of CHCI, the lessor under the ----- Duke Lease has good, clear, record and marketable title to the property leased pursuant to the Duke Lease, and the lessor under the Sheraton Lease has good, clear, record and marketable title to the property leased pursuant to the Sheraton Lease.
No amounts are payable by Seller under the terms of the Lease or the Duke Lease (or else same have already been paid).
There are no leases or other occupancy agreements affecting the Property, except for the Lease (which is being terminated at Closing) and the Duke Lease.
To the knowledge of CHCI, the lessor under the Duke Lease is not in default under any material terms of the Duke Lease and there is no event which, with notice or the passage of time or both, would give rise to such a default.
Agent shall have received duly executed documentation reflecting (a) a satisfactory purchase option in favor of Agent from Duke which option shall be in form and substance satisfactory to Agent and (b) a landlord agreement waiving the landlord's lien under the Duke Lease, which landlord agreement shall be in form and substance satisfactory to Agent.
Seller agrees to deliver possession of the Property on the Closing Date to Buyer, free of any lease or other right of possession or claim of right of possession by any person or entity, except for the Permitted Exceptions (including, without limitation, the Duke Lease (as defined below)).
Other than with respect to any consent ----------- required in connection with the transactions contemplated hereby, CHC Durham Management Corporation is not in default under any material terms of the Duke Lease, nor has any event occurred which, with notice of the passage of time, or both would give rise to such a default.
At Declarant’s option, Declarant shall be entitled to assign all rights and duties of Declarant under any Boatslip Lease and/or the Duke Lease (as defined below) to any person or entity, including, without limitation, the Association, whereupon Declarant shall have no further rights, duties, obligations or liabilities thereunder.
All subleases, concessions and ----------------------- other occupancy agreements in effect with respect to the Duke Lease, the Sheraton Lease and the Hotel Leases are identified on Section 3.10 of the Disclosure Schedule (collectively, the "Occupancy Agreements"), and copies thereof have been made available to OpCo. Each of said Occupancy Agreements has been duly authorized and executed by the CHCI Subsidiary which is a party thereto and is in full force and effect.