Leased Property Agreements definition
Examples of Leased Property Agreements in a sentence
All parties to material Operating Agreements or Leased Property Agreements have performed all of their obligations thereunder in all material respects, and are not in default thereunder in any material respect.
Seller, at no cost to Seller, shall take reasonable efforts to assist Purchaser in obtaining any required consents to the assignment to Purchaser of the Operating Agreements or Leased Property Agreements; provided, however, Purchaser shall pay all fees, charges and expenses relating to such consents.
All of the Leased Personal Property is leased by Seller or Manager pursuant to the Leased Property Agreements identified in Schedule 3.11.
Contributor has provided to the Partnership a true, correct and complete copy of each of the Operating Agreements, Leased Property Agreements and Off-Site Facility Agreements.
To Contributor’s knowledge, Contributor is not a party to any management, service, supply or maintenance contracts in effect with respect to the Property other than the Operating Agreements, Leased Property Agreements and Off-Site Facility Agreements, listed on Schedule 2 attached hereto.
Purchaser acknowledges and agrees that Seller has endeavored to provide copies to Purchaser all of the Operating Agreements, Occupancy Agreements, Leased Property Agreements, the Authorizations and the Warranties and Guaranties (the “Property Agreements”) and that Seller has provided copies of all Property Agreements that have been provided to the Seller by the Manager.
To Contributor’s knowledge, all other parties to the Operating Agreements, Leased Property Agreements and Off-Site Facility Agreements have performed all of their obligations thereunder in all material respects, and are not in default thereunder in any material respect.
Contributor agrees not to cancel and terminate effective as of the Closing Date any Operating Agreements, Leased Property Agreements or Off-Site Facility Agreements unless requested by the Partnership in writing to be terminated prior to Closing.
There are no management, service, supply, or maintenance contracts in effect with respect to the Property other than the Management Agreement, Operating Agreements or Leased Property Agreements made available to Purchaser as Submission Matters, or those disclosed in the Title Commitment.
Copies of any new Operating Agreements, Leased Property Agreements or Off-Site Facility Agreements or modifications, renewals, extensions or terminations shall be promptly delivered to the Partnership.