Leased Branches definition
Examples of Leased Branches in a sentence
In the event of any loss or damage to the Improvements or Leased Branches by casualty or otherwise, this Agreement shall continue in full force and effect, except as provided below.
The Branch Leases associated with the Leased Branches give Seller the right to occupy the building and land comprising the Leased Branches.
The Company shall, promptly upon the occurrence of such loss or damage, notify ALBANK thereof and seek to prevent further physical deterioration of the Improvements or Leased Branches and to keep the Branch or Branches in question open for business to the extent practicable.
Except as provided in Section 2(b), under no circumstances will any Agent be obligated to purchase any Notes for its own account.
To the best of Seller's knowledge, the Branch Leases constitute legal, valid, binding and assignable leasehold interests of Seller in all of the buildings, improvements and land comprising each of the Leased Branches, free and clear of any material encumbrances.
Seller represents that to the best of Seller's knowledge, there exist no underground storage tanks located on the premises, parking lots, drive-up facilities or sidewalk areas of the Leased Branches, Purchased Branches or other real property associated with the Transaction.
The lessors under any real estate leases related to the Leased Branches to be assigned shall have consented to the Seller's assignment of such leases to the Purchaser on terms substantially similar to the existing terms between the Seller and the lessors, and the lessors shall execute such lease assignment and estoppel certificate, or Seller shall have entered into other arrangements as contemplated by Section 5.10 to the satisfaction of the Purchaser.
From the date of this Agreement through the Closing Date, Seller shall maintain insurance upon each Branch (other than Leased Branches for which the lessor is obligated to maintain insurance) in such amounts and of such kinds as have been maintained by it in the past.
Seller shall use its best efforts to cause the landlord to furnish the Buyer with a statement of the balance of any security deposits held under such Real Property Leases as of the Closing Date, giving effect to all deductions that are deemed necessary by the landlord following an inspection of the Leased Branches as of the Closing Date.
Seller shall use its reasonable best efforts to cause the landlord to furnish Buyer with a statement of the balance of any security deposits held under such Real Property Leases related to the Sea Isle City and Medford Branches as of the Closing Date, giving effect to all deductions that are deemed necessary by the landlord following an inspection of the Leased Branches as of the Closing Date.