Lessor Consents definition
Examples of Lessor Consents in a sentence
Any such alterations, additions or improvements shall be made in accordance with applicable city, county, state and federal laws and ordinances, and building and zoning rules and regulations and all present and future governmental regulations.
The Loan Parties, the Lenders and the Administrative Agent agree that without any further action on the part of any of them, upon execution and/or delivery, the Mortgages, other Security Documents, the Ancillary Security Documents and Lessor Consents shall become Loan Documents and the assets that are subject to the Mortgages and the other Security Documents shall become collateral for the Obligations.
Sellers shall involve Buyer in all material aspects of the efforts to obtain any required Ground Lessor Consent, including providing copies of such Ground Lessor Consents as and when sent, providing copies of correspondence relating thereto, and at the request of Buyer, Buyer shall be included in all negotiations with respect thereto.
In the event that, on or prior to the such extended Closing Date, one or more of the Lessor Consents has not been obtained, either Seller or Buyer shall have the unilateral right, by notice to the other, to extend the Closing Date to December 31, 2004 whereupon December 31, 2004 shall be deemed to have been substituted for November 30, 2004 in Section 2.8 of this Purchase Agreement.
Seller shall use its best efforts and make every good faith attempt (and Buyer shall cooperate with Seller) to obtain all consents necessary for the assignment of, or alternate arrangements satisfactory to Buyer with respect to, any Contract, insurance policy, purchase order, sales order, or other instrument, Permit or Environmental Permit (including the Lessor Consents), which is to be assigned to Buyer hereunder and which may be required for such assignment to be effective.
With respect to the Initial Closing only, (a) the Company and/or Opco shall have obtained each of the Loan Consents, each of the Franchisor Consents, each of the Ground Lessor Consents and the Preferred Equity Consent, and (b) any other Consents that, if not obtained, would reasonably be expected to result in a Company Effect that would reasonably be expected to be materially adverse to the Company and its Subsidiaries, taken as a whole.
Seller and/or Seller Parent shall pay all costs related to obtaining the Lessor Consents and the Contract Consents.
Lessor Consents and ------------------------------------------------- Hotel Estoppel Certificates.
Notwithstanding the immediately preceding sentence, any and all Lessor Consents previously granted by Lessor in connection with ▇▇▇▇▇▇’s existing leases of the Premises shall remain in full force and effect.
In addition, at its sole cost and expense, Seller shall obtain and deliver to Buyer at the Closing the written consent to the Assignment of Lease from each lessor under each such lease (the "Lessor Consents").