Condition of Lease Clause Samples
Condition of Lease. Landlord’s agreement to enter into this Lease and to terminate the Prior Lease is expressly conditioned upon Tenant’s full and complete performance of all obligations of Tenant under the Prior Lease, including, without limitation, the payment by Tenant of all Rent, Additional Rent and other amounts due and payable under the Prior Lease through the Commencement Date of this Lease. Should Tenant fail to satisfy such obligations within applicable notice and cure periods set forth in the Prior Lease, Landlord shall have the option to terminate this Lease.
Condition of Lease. Within ten (10) days after request therefor by Landlord, Tenant shall provide a written statement acknowledging the commencement and termination dates of this Lease, that it is in full force and effect, has not been modified (or if it has, stating such modifications), and providing any other pertinent information as Landlord reasonably requests.
Condition of Lease. Tenant shall execute, acknowledge and deliver to Landlord, without any charge, at any time within ten (10) days after request by Landlord, a written statement or estoppel certificate as may be required by any mortgagee or purchaser of the premises to the effect that this lease, as of said date, is unmodified and in full force and effect (or if there have been modifications, that this lease is in full force and effect as modified), the date of commencement of the lease, the date on which rental has been last paid, and such other information as Landlord shall reasonably request, any such statement by Tenant shall be used by Landlord for delivery to and reliance upon by prospective purchasers and lenders whose security will consist of liens upon the premises and buildings of which the premises are a part and shall not affect Tenant's right to later assert any subsequent default or modification.
Condition of Lease. Tenant shall execute, acknowledge and deliver to Landlord, without any charge, at any time within ten (10) days after request by Landlord, a written statement or estoppel certificate as may be required by any mortgagee or purchaser of the premises to the effect that this Lease, as of said date, is unmodified and in full force and effect (or if there have been modifications, that this Lease is in full force and effect as modified), the date of commencement of this Lease, the date on which rental has been last paid, the existence of any default, and such other information as Landlord shall reasonably request. Any such statement by Tenant shall be used by Landlord for delivery to and reliance upon by prospective purchasers and lenders whose security will consist of liens upon the premises and buildings of which the premises are a part and shall not affect Tenant's right to later assert any subsequent default or modification. Upon request by Tenant, Landlord shall execute a similar letter without any charge to Tenant.
Condition of Lease. Tenant shall execute, acknowledge and deliver to Landlord, without any charge, at any time within twenty (20) days after request by Landlord, a written statement or estoppel certificate as may be reasonably required by any mortgagee or purchaser of the Premises to the effect that this Lease, as of said date, is unmodified and in full force and effect (or if there have been modifications,
Condition of Lease. This lease is expressly conditioned upon, and will ------------------ become effective and operative only upon, the occurrence of the following:
▇. ▇▇▇▇▇▇ obtaining a health facilities license for the premises from the California Department of Health on or before January 31, 1978; and
B. The transfer of all of the issued and outstanding capital stock of Landlord from WYNDON CORPORATION, a California corporation to ▇▇▇▇ ▇. ▇▇▇▇▇▇ and ▇▇▇▇ ▇▇▇▇▇▇, or their nominee, on or before said date. If both conditions have not occurred by January 31, 1978, then this lease shall be void and of no further effect, without liability on the part of either party to the other.
Condition of Lease. This lease will be for the full use of the 30' x 30' (main) shop building and its two out-storage buildings.
Condition of Lease. Tenant shall execute, acknowledge and deliver to Landlord, without any charge, at any time within twenty (20) days after request by Landlord but not more than once per calendar year except in the event of a bona fide sale or financing event, a written statement or estoppel certificate as may be required by any mortgagee or purchaser of the Premises to the effect that to Tenant’s current actual knowledge without any duty to investigate or inquire, this Lease, as of said date, is unmodified and in full force and effect (or if there have been modifications, that this Lease is in full force and effect as modified), the date of commencement of this Lease, the date on which rental bas been last paid, and such other information as Landlord shall reasonably request. Any such statement by Tenant shall be used by Landlord for delivery to and reliance upon by prospective purchasers and lenders whose security will consist of liens upon the Premises and buildings of which the Premises are a part and shall not affect Tenant’s right to later assert any subsequent default or modification.
Condition of Lease. ▇▇▇▇▇▇ acknowledges and agrees that as of the Effective Date, there are no uncured defaults by ▇▇▇▇▇▇ under the terms of the Lease and that the Lease is in full force and effect.
Condition of Lease a. Notwithstanding anything to the contrary contained in this Lease, Tenant shall obtain all governmental, regulatory authority and other licenses and permits authorizing Tenant to use the Leased Premises for the Permitted Use (the “Permits”). In connection with said Permits, Tenant agrees that: (i) Tenant shall be responsible for all costs and expenses in connection with said Permits; (ii) Tenant shall make application for its Permits as soon as commercially practicable following the execution date hereof and exercise diligent efforts to obtain said Permits within at least 90 days after the date of execution of this Lease; and (iii) Tenant agrees to give Landlord written notice immediately upon satisfaction of the foregoing condition.
b. Tenant understands and acknowledges that utility services to the Leased Premises and the Building housing the Leased Premises may be limited in availability, quantity, capacity, or by other restrictions, including but not limited to limitations on electrical service, water/plumbing-related connections, the lack of gas connections and other items. In addition to any language conveying the Leased Premises "as-is" and "with all faults" or other disclaimers of warranty contained in this Lease, Tenant further understands and agrees that it is Tenant's sole responsibility to determine whether the utility services and connections are adequate for Tenant's intended use, and Tenant agrees to release and hold Landlord harmless from and against any claims of any kind arising from or relating to utility services or connections at the Leased Premises being unavailable, inadequate, of the wrong capacity, in the wrong quantity, or otherwise unsuitable for Tenant's intended use. To the extent Tenant requires additional or different utility services than that which is made available with Leased Premises, Tenant shall solely bear the cost and expense of any such addition/alteration, and any construction, installation, or other work required to satisfy Tenant's needs remains subject to Landlord’s right to pre-approve the same pursuant to this Lease and must be in strict compliance with the utility provider's guidelines/rules; declarations, restrictions, covenants, or other items recorded against or applicable to the Property; and applicable law.
c. Tenant stipulates that they have examined the Building and Grounds, and any other improvements comprising or adjacent to the Leased Premises, and they are all, at the date of the lease, in good o...