Observatory Tenant definition
Examples of Observatory Tenant in a sentence
Observatory Tenant shall on a monthly basis (prior to the last Business Day of each calendar month) directly deposit all Net Observatory Deck Revenue into the JP Collection Account and Rent, as set forth in the Observatory Lease, into the HSBC Collection Account.
Pursuant to the JP Account Control Agreement, provided no Event of Default or Trigger Period is continuing, JP Collection Bank shall transfer all collected and available funds on the last Business Day of each calendar month, as determined by JP Collection Bank’s then current funds availability schedule, received in the JP Collection Account to an account designated by Observatory Tenant.
Borrower shall and shall cause Operating Company and Observatory Tenant to maintain in effect at all times while Borrower is indebted to Lenders the insurance policies required by this Agreement.
Borrower shall and shall cause Operating Company and Observatory Tenant to permit agents, representatives and employees of Agent and each Lender, accompanied by representatives of one or more Credit Parties, to inspect the Property or any part thereof at reasonable hours upon reasonable advance notice, subject to rights of Tenants.
Operating Company shall not enter into any line of business other than the ownership of its leasehold interest in the Property and its ownership of interests in Observatory Tenant and ESB 102 Corporation and the management, leasing and operation of the Property.
Observatory Tenant shall not enter into any line of business other than the ownership of the leasehold interest in the Observatory Lease and the operation of the business conducted at the premises demised thereunder.
Neither Operating Company nor Observatory Tenant shall purchase or own any property other than (a) its leasehold interest in the Property, (b) Personal Property necessary for the ownership or operation of its leasehold interest in the Property and (c) in the case of Operating Company, its interest in Observatory Tenant and ESB 102 Corporation.
Borrower, Operating Company and Observatory Tenant shall each maintain its books, records, resolutions and agreements as official records.
To the extent not specified herein, wherever herein the Borrower’s compliance with the provisions herein is subject to compliance thereof by the Operating Company and/or the Observatory Tenant, Borrower shall be obligated hereunder to cause the Operating Company and/or the Observatory Tenant, as applicable, to so comply.
The Taxpayer Identification number for ESLA is ▇▇-▇▇▇▇▇▇▇, for ESBA is ▇▇-▇▇▇▇▇▇▇, for Operating Company is ▇▇-▇▇▇▇▇▇▇ and for Observatory Tenant is ▇▇-▇▇▇▇▇▇▇.