Examples of Existing Lessors in a sentence
The Existing Lessors shall have all rights to make changes and additions to the Building and Land as are provided in the Existing Leases.
Following the merger, the Existing Lessors will be direct or indirect subsidiaries of FelCor.
Upon Existing Lessor's delivery of the Aircraft to Owner Trustee, Owner Trustee shall execute and deliver to Existing Lessor a Delivery Receipt therefor in the form annexed hereto as Exhibit J.
The head of service reiterated that a lot of planning had been undertaken for the torch relay events.
Landlord hereby reserves, and the Existing Lessors shall have, the right at any time to make alterations or additions to, and to build additional stories on, the Building in which the Premises are contained and to build adjoining the same, and to add structural support columns that may be required within the Premises or Common Areas (provided that such support columns are located shall not materially impair Tenant’s commercially reasonable use thereof).
DEPARTMENT E #4 Pollution Room #29 Electronics #9 Boiler Room #9 Knife Sharpening DEPARTMENT G DEPARTMENT F # Electrical #2 Lift Jacks It is further agreed that there will be one working management person on the afternoon shift and one working management person on the night shift.
Subject to the obligations of the Existing Lessors, Landlord shall cause to be maintained in good condition, repair and replacement all portions of the Building, excluding those portions of the Premises and other parts of the Building required to be maintained, repaired and replaced by Tenant pursuant to Section 5.1 above, and Tenant shall be responsible at its sole cost and expense for, any maintenance, repair or replacements required as a result of the act or omission of any of the Tenant Group.
If Landlord’s interest in the Premises is acquired by either of the Existing Lessors, any Secured Lender, or purchaser at a foreclosure sale or by deed in lieu of foreclosure, Tenant shall attorn to the transferee of or successor to Landlord’s interest in the Premises and recognize such transferee or successor as Landlord under this Lease.
If this Lease is not terminated as provided in this Article, then, promptly after receipt of the condemnation award, Landlord (or the Existing Lessors, as applicable) shall proceed to restore the Premises and/or the Common Areas within the Land substantially to the condition of same that existed immediately prior to the Taking, and Rent shall abate to the extent that Tenant’s use and enjoyment of the Premises is interrupted, as reasonably determined by Landlord.
Often, the Existing Lease or Lease (as applicable) will provide that Lessee will not be obliged to incur any out-of-pocket costs in connection with a transfer and assignment of the Existing Lessor's rights, and in such a case, the parties should specify in Part I, point 17 of the Novation Agreement or Part 1, point 18 of the Assignment Agreement (as applicable) whether Existing Lessor or New Lessor will be responsible therefor.