Examples of Triad Entities in a sentence
Authorized operating expenses and other authorized expenses shall mean expenses set forth or identified in a budget duly authorized and approved by the general partner or general partners of Triad, a Building Partnership or Parking Ltd., as applicable, for one or more of the Triad Entities, and expenses otherwise duly authorized and approved by the general partner or general partners of Triad, a Building Partnership or Parking Ltd., as applicable.
To the knowledge of the Triad Entities, no Hazardous Substances are located on or at a Facility or have been released into the environment or discharged, placed or disposed of in, on or under the Facility, except to the extent permitted by applicable Environmental Laws.
Lessor hereby releases Lessee, the other Triad Entities, Xxxxxx X.
Xxxxxx and Prime agree that the Xxxxxx Triad Interests shall include any and all rights and interests, if any, which Xxxxxx may have in and to any and all cash, deposits, and other funds in any bank accounts maintained by any of the Triad Entities and any and all securities held in the name of any of the Triad Entities as of the Closing Date.
The Triad Entities are current in the payment of all withholding and other employee Taxes which are due and payable.
In reliance upon, and subject to, the representations and warranties, covenants and agreements of the Triad Entities, New Lessee and New Guarantor (the “Lessee Entities”) contained in this Agreement and the documents contemplated by this Agreement, Lessor hereby consents to the Assignment and Assumption.
PGI has inspected and familiarized itself with the respective properties and assets of the Triad Entities, and is fully aware of all of the conditions thereof and restrictions applicable thereto; and Prime will accept such properties and assets on the Closing Date in their "as is" condition.
Concurrently with the execution and delivery of this Agreement, and as a condition to the grant of Lessor’s consent to the Assignment and Assumption by Lessor pursuant to this Agreement, the Triad Entities shall pay in full all outstanding principal, interest and other sums evidenced by that certain Amended and Restated Secured Promissory Note dated as of January 7, 2010 in the original principal amount of $2,000,000.
Without limitation of the foregoing, the obligation to obtain Xxxxxx'x and Prime's approval of all "Major Decisions" under the applicable partnership agreements of the Triad Entities shall remain in force.
To the knowledge of the Triad Entities, the Triad Entities have accruals for Taxes which are adequate to cover all liabilities for Taxes of the Triad Entities for all periods ending on or before the Assignment Date, and include adequate provisions for all deferred Taxes.