Examples of Occupancy Transaction in a sentence
Any Occupancy Transaction purportedly consummated in violation of the provisions of this Article shall be null and void and of no force or effect.
Within thirty (30) days after receipt of Tenant's request for consent and all items required under Section 15.3, Landlord shall (a) consent to the proposed Occupancy Transaction, (b) exercise its rights under Section 15.6, or (c) refuse to consent to the Occupancy Transaction.
Tenant shall, on demand of Landlord, reimburse Landlord for all Landlord's reasonable costs, including attorney fees, incurred in obtaining advice and preparing documentation for each requested Occupancy Transaction not to exceed One Thousand Dollars ($1,000.00) per occurrence.
Landlord shall not unreasonably withhold its consent to a change in Tenant's Trade Name in connection with an approved Occupancy Transaction.
Tenant shall not enter into or consent to any Occupancy Transaction other than an Encumbrance without first obtaining Landlord's written consent, which Landlord shall not withhold unreasonably.
Such right shall be exercisable by Landlord by giving Tenant notice of its election to purchase as provided in Section 15.4. Upon such election, the proposed Transferee shall have no right to purchase Tenant's interest, Landlord and Tenant shall execute an agreement setting forth the terms and conditions of the purchase, and the proposed Occupancy Transaction shall be deemed to have been disapproved.
In no event shall the Minimum Annual Rent, as adjusted, be less than the Minimum Annual Rent in effect prior to the effective date of the Occupancy Transaction.
No failure of Landlord to elect to exercise its rights hereunder shall be construed as consent to the proposed Occupancy Transaction or a waiver of such rights with respect to any future proposed Occupancy Transaction.
Any purported Occupancy Transaction consummated in violation of the provisions of this Article XIX shall be null and void and of no force or effect.
Tenant shall pay to Landlord the amount of [***] for each Occupancy Transaction to which Landlord shall have consented, which amount shall be deemed to reimburse Landlord for its expenses in reviewing and approving Tenant's request for Landlord's consent, in addition to the sales percentage price described in Section 19.1 above.