Examples of Theater Lease in a sentence
The Administrative Agent shall have received, with counterparts for each Lender, any Operative Documents (other than the Theater Lease) entered into or obtained after the Closing Date (including the GECC Intercreditor Agreement), each of which shall be duly executed by the parties thereto and in full force and effect.
Neither Borrower nor Tenant will agree to or enter into any amendment, restatement modification or termination of the Theater Lease including without limitation with respect to the Letters of Credit, without the prior written consent of Lender, which consent may be withheld in Lender's sole and absolute discretion.
As used herein, the term "completion" of Landlord's Work shall mean completion of construction thereof in accordance with Laws, the terms of the Theater Lease and the Plans and Specifications, free and clear of mechanics' and materialmen's liens (except any such liens that are insured over as provided in Section 4.2.2).
Following Seller's receipt of such estoppel certificate, Seller shall pay to Buyer the then-undisbursed balance of the TI Cost Reimbursement, following which Buyer shall be deemed to have assumed the obligation to advance funds to the tenant under the Theater Lease, in accordance with the terms thereof, for payment of the cost of Tenant's Work.
This Assignment and Assumption of Theater Lease (this “Assignment”) made and entered into as of ______________, 2019 by and between [Insert name of applicable Seller], each of the foregoing being a chapter 11 debtor and debtor in possession under jointly administered Case No. 19-11739 (LSS) in the Bankruptcy Court (the “Assignor”) and ____________________, a __________________ (the “Assignee”).
To Seller's knowledge, Seller has satisfied all tenant improvement and brokerage obligations under the Leases that arose prior to the date hereof relating to the Leases and/or Property, except for unpaid tenant improvement allowances under the Theater Lease.
The Borrower is negotiating with Aladdin Music to enter into the Theater Lease which Theater Lease will provide for the renovation of the decor, light and sound systems, and other facilities of the existing Theater and, upon completion of such renovations, Aladdin Music will operate and maintain the Theater in accordance with the Theater Lease.
Seller shall have and retain responsibility for (a) completion of Landlord's Work as herein provided, and (b) payment of the TI Cost Reimbursement, subject to the terms of this Section 15.1. Buyer covenants and agrees that it shall deliver to Seller copies of any written notices received by Buyer from the tenant under the Theater Lease pursuant to Section 3.04 of the Theater Lease or otherwise in connection with the performance of Landlord's Work, promptly upon receipt of same.
Following completion of Landlord's Work and the Theater Lease tenant's execution and delivery of the estoppel certificate described in Section 15.1 above, Seller shall assign to Buyer any warranties that Seller may have received from third parties in connection with the performance of Landlord's Work (if any), and thereafter, Seller shall have no further responsibility or obligations in connection with Landlord's Work.
Borrower shall enforce, at its sole cost and expense, Tenant's obligations under the Theater Lease.