Lease Assignment and Assumption has the meaning set forth in §2.7.
Lease Assignment and Assumption means each Assignment and Assumption Agreement executed in accordance with the Contribution Agreement.
Lease Assignment and Assumption shall have the meaning set forth in Section 2.7(a)(v).
Examples of Lease Assignment and Assumption in a sentence
In addition, both the original Landlord and the successor landlord shall execute the standard Certificate of Transfer of Title to Leased Property and Lease Assignment and Assumption form to be provided by the Postal Service within 15 days after receipt of such form from the Postal Service.
Purchaser acknowledges Seller’s disclosure that this Agreement is subject to the rights of Wachovia Bank, National Association (“Wachovia”) under the Lease dated September 22, 2004 between First States Investors 3300, LLC and Wachovia as assigned to Seller pursuant to that certain Lease Assignment and Assumption Agreement dated March 25, 2008 (the “Wachovia Lease”).
This Lease Assignment and Assumption and Consent to Assignment of Lease (this “Agreement”) is dated as of , 2017, and is between the County of Contra Costa, a political subdivision of the State of California (“Lessor”), Concord Hotel LLC, a Delaware limited liability company (“Assignor”), and Xxxx Village Apartment Company, LP, a California limited partnership (“Assignee”).
Both parties agree that faxed or scanned signatures are acceptable to put this Lease Assignment and Assumption into force.
Buyer and the lessor under the Lease shall have entered into the Lease Assignment and Assumption Agreement.
More Definitions of Lease Assignment and Assumption
Lease Assignment and Assumption means each Assignment and Assumption Agreement executed in accordance with the Contribution Agreement. “Lease Payment” means, with respect to any Lease Agreement, the minimum monthly or other periodic contractual payment payable by the related Lessee for the use of the related Equipment in accordance with the terms of such Lease Agreement. “Legal Requirement” means any treaty, convention, statute, law, regulation, ordinance, license, permit, governmental approval, injunction, judgment, order, consent decree or other requirement of any Governmental Authority with jurisdiction over the applicable Person or property. ‑22‑ “Lenders” means and includes the banks, financial institutions and other lenders from time to time party to this Agreement, as a “Lender” hereunder, including each assignee Lender pursuant to Section 10.9. “Lessee” means each of the lessees named in a Lease Agreement. “Lessee Concentration Excess” means the sum (without duplication) of (i) the aggregate amount by which the Adjusted Appraised Value of all Eligible Units subject to an Eligible Lease Agreement of each Lessee and its Affiliates (if any) exceeds the Lessee Concentration Limit applicable to such Lessee and (ii) the amount by which the aggregate Adjusted Appraised Value of all Eligible Units subject to an Eligible Lease Agreement with respect to all Lessees (or, in the case of any Eligible Lease Agreement that permits sub-leasing, all sub-lessees) and their respective Affiliates (if any) rated B+ or lower by S&P and/or B1 or lower by Moody’s exceeds 24.5% of the Aggregate Adjusted Equipment Value, provided, however, that if any Lessee merges, acquires, is acquired by, or is otherwise consolidated with a non-Affiliated Lessee, such newly consolidated Lessee shall be deemed to be separate Lessees, each with the rating assigned to such newly consolidated Lessee, for the purposes of determining the Lessee Concentration Excess; further provided, that no Lease Agreements with Preferred Sands of Genoa, LLC or any of its Affiliates (other than Eligible Lease Agreements with such Lessee owned by the Borrower as of the Closing Date) shall be Eligible Lease Agreements. “Lessee Concentration Limit” means, at any time, in relation to the Adjusted Appraised Value of all Eligible Units subject to an Eligible Lease Agreement with any single Lessee (or, in the case of any Eligible Lease Agreement that permits sub-leasing, any single sub-lessee) and its Affiliates (if any), the applicable concentrat...
Lease Assignment and Assumption means the lease assignment and assumption substantially in the form of Exhibit G or as otherwise required by the
Lease Assignment and Assumption means the lease assignment and assumption substantially in the form of Exhibit F or on a
Lease Assignment and Assumption shall have the meaning given in Section 2.5. “Leased Real Property” shall have the meaning given in Section 2.1.7. “Loss” shall mean any and all losses, claims, damages, liabilities, obligations, settlements, awards, demands, offsets, costs, expenses, attorneys’ fees, interest, penalties, and any similar items. “Material Adverse Effect” shall mean a material adverse effect on the business, operations, assets, or condition (financial or otherwise) of the IntelliSense Business, except any such effect resulting from (A) any material adverse effect on the Seller’s bookings, revenues, gross margins or earnings, or any delay in or reduction or cancellation of orders or purchases by the Seller’s customers as a direct result of the identity of Buyer or Parent as the ultimate purchaser of the Seller; (B) changes in general economic conditions (provided that such changes do not affect Seller in a disproportionate adverse manner as compared to Seller’s competitors); (C) changes affecting the industry generally in which Seller operates (provided that such changes do not affect Seller in a disproportionate adverse manner as compared to Seller’s competitors); or (D) the taking by Seller of actions pursuant to this Agreement. “Order” shall mean any award, decision, injunction, restraining order, judgment, decree, writ, order, regulation, rule, subpoena or verdict entered, issued, made or rendered by any court, administrative agency or other Governmental Body or by any arbitrator. “Permit” shall mean any federal, state, local or other governmental or quasi-governmental consent, license, permit, grant, authorization or approval, domestic or foreign, which is used in or necessary for the ownership, operation or conduct of the IntelliSense Business. “Person” shall mean any individual, partnership, joint venture, association, corporation, trust, limited liability company, unincorporated organization, Governmental Body or other entity. “Personal Property” shall have the meaning given in Section 4.9. “Proceeding” shall mean any action, arbitration, audit, hearing, investigation, litigation or suit (whether civil, criminal, administrative, investigative or informal) commenced, brought, conducted or heard by or before, or otherwise involving any Governmental Body or arbitrator. “Purchase Price” shall have the meaning given in Section 3.1. “Required Employees” shall mean the Shareholders. “Restricted Activities” shall have the meaning given in Section 10.1. Asset Purchase Agreemen...
Lease Assignment and Assumption means the lease assignment and assumption substantially in the form of Exhibit F or on a form mutually acceptable to Buyer and Seller for the Restaurants set forth on Schedule 4.1(b).
Lease Assignment and Assumption. Section 6.2 "Lease Cure Costs" Section 5.5.3(b) "Lessor's Consent" Section 5.5 "Lessor Fees" Section 5.5.3(c) "Non-Assumed Liabilities" Section 2.4 "Purchase Price" Section 2.1(a) "radius clause" Section 5.5.1 "Seller" Head Paragraph "Shared Costs" Section 5.5.3(c) "Stores" Second "WHEREAS" Clause "Store Lease" Section 3.5 "Store Premises" Section 3.5 "Transferred Assets" Section 1.1 "Transferred Lease" Section 1.2
Lease Assignment and Assumption as defined in Section 2.7(a)(iv). "Leased Real Property"—collectively, (i) the real property leased to Seller under and pursuant to the Assigned Leases, and Appurtenances thereto, and (ii) the real property to be leased to Buyer under and pursuant to the New Leases and New Lease Memoranda, and Appurtenances thereto. "Legal Requirement"—any federal, state, local, municipal, foreign, international, multinational or other constitution, law, ordinance, principle of common law, code, regulation, statute, treaty, judgment, order or decree.