Consent of Lessors Sample Clauses

The 'Consent of Lessors' clause requires that the approval or agreement of property owners or landlords (lessors) be obtained before certain actions can be taken under a contract, such as subleasing, assigning the lease, or making significant alterations to the property. In practice, this means that a tenant must seek and receive written permission from the lessor before proceeding with activities that could affect the lessor's interests or the terms of the lease. This clause ensures that lessors retain control over their property and are protected from unauthorized changes or transfers, thereby reducing the risk of disputes and maintaining the integrity of the lease agreement.
Consent of Lessors. The Company shall have received a Consent to Assignment in substantially the form of Exhibit 7.3 hereof from the landlord of the Windsor, CT sales office. Notwithstanding the foregoing, on the Closing Date, ▇▇▇▇▇▇▇ will waive the condition set forth in this Section 7.3 in the event that (a) ▇▇▇▇▇▇ shall have failed to obtain such consent despite using best efforts; (b) ▇▇▇▇▇▇ agrees to indemnify ▇▇▇▇▇▇▇ for any and all actual damages incurred by ▇▇▇▇▇▇▇ directly arising from the failure to obtain such consent for relocation expenses and damages payable to such landlord, in accordance with Section 8 hereof; and (c) there is withheld from the Purchase Price and placed in escrow on the Closing Date the sum of One Hundred Thousand Dollars ($100,000) as security for ▇▇▇▇▇▇'▇ obligations under this Section 7.3.
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Consent of Lessors. Seller shall have received, in form and ------------------ substance satisfactory to Buyer, the consent of each of the lessors of the software and hardware leases set forth on Schedule 4.01(c) hereto to assign such leases to Seller.
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Consent of Lessors. The original Consent of Lessors executed by ------------------ the lessors of the Model Leases, provided Buyer shall provide Seller with five (5) days advance notice of any such request.
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Consent of Lessors. The consents of the lessors referred to in Schedule 2.1(e) hereof shall have been obtained.
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Consent of Lessors. (a) Seller shall use its reasonable efforts to obtain and deliver to Buyer the consent of the lessors under the Lease Agreements where necessary and required under any of the Lease Agreements as required under Subsections 5(a)(ii). The Buyer shall cooperate as may be requested by Seller in obtaining such consents, and shall provide all financial and other information as may reasonably be requested by Seller and its lessors. The consents shall be subject to such conditions as the lessors may impose, provided that such conditions are not substantially in addition to those undertaken by the Buyer under the Lease Agreement. (b) In the event that Seller fails to obtain the consent of any lessor under any of the Lease Agreements, this Agreement shall not terminate but instead Buyer shall purchase all the Included Assets other than those Leaseholds for which consent has not been obtained. For any Leasehold for which consent has not been obtained, Buyer may in its sole discretion: (i) elect not to purchase such Leasehold, in which event the Purchase Price shall be reduced or adjusted by the agreed appraised value of such Leasehold and the sublease for such Leasehold between Seller as sublessor and Buyer as sublessee shall not be terminated but shall remain in full force and effect; (ii) purchase the Leasehold, notwithstanding the failure to obtain the lessor's consent, in which event no reduction or adjustment shall be made to the Purchase Price, or (iii) require the Seller to exercise under the Lease Agreement any option to purchase the Leasehold property, if any such option has been granted in the Lease Agreement and is exercisable at the time of Closing, or to exercise under the Limited Partnership Agreement any option to purchase the balance of the Partnership Interests in the lessor, if any such option has been granted in the Limited Partnership Agreement and is exercisable at the time of Closing, in which event the Purchase Price will be increased by the cost of such acquisition.
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Consent of Lessors. Seller shall have obtained all consents of Lessors for Leases for Branch Real Estate for those Branches which are to be purchased by Purchaser.
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Consent of Lessors. The lessors of the Real Estate shall have ------------------ consented to the assignment of the leases of such Real Estate to the Subsidiary.
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Consent of Lessors. At least two (2) Business Days prior to the ------------------ Closing, Seller shall provide to Buyer a Lessors' Consent to Assignment in the form attached hereto as Exhibit "J"(THE "CONSENT OF LESSORS") regarding the ------------ ------------------ status of the Model Leases and providing the consent of the lessors under the Model Leases to the assignment of the Model Leases to Buyer, which must also be consented to by any holders of liens and encumbrances on the Models who must agree to recognize the existence of and abide by the Model Leases.
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Related to Consent of Lessors

  • Consent of Landlord Tenant shall not assign this Lease, or sublet the Leased Premises, or any part thereof, without Landlord's prior written consent, which consent shall not be unreasonably withheld, conditioned or delayed; provided, however, Tenant shall have the right to sublet up to fifty percent (50%) of the total rentable square feet contained within the Leased Premises without the necessity of obtaining Landlord's prior consent and without releasing the Tenant from liability under this Lease. Prior to any sublease or assignment, Tenant shall first notify Landlord in writing of its election to sublease all or a portion of the Leased Premises or to assign this Lease or any interest hereunder, and shall provide Landlord current financial information and other information requested by Landlord regarding the proposed assignee or subtenant. At any time within fifteen (15) days after service of said notice and delivery of such information, Landlord shall notify Tenant that it consents or refuses to consent to the sublease or assignment. Landlord shall not have the right to recapture any sublease or assignment space. Any denial of such sublease or assignment by Landlord as hereinabove provided must be predicated upon a "commercially reasonable basis" for such denial. Tenant shall retain any profits paid in connection with a sublease or assignment in excess of Tenant's Base Rent obligations hereunder, which profits shall be calculated after deducting all costs incurred by Tenant in connection with the space subject to the transfer, which shall include, but not be limited to, tenant improvements, leasing commissions and the time to sublease and remodel the Leased Premises. Any assignment or subletting shall not release Tenant of its liability under this Lease nor permit any subsequent assignment, subletting or other prohibited act, unless specifically provided in such consent. Within thirty (30) days of any assignment or subletting, Tenant shall provide to Landlord executed copies of all assignment or subleasing documents.

  • Consent of Partners Each Partner hereby expressly consents and agrees that, whenever in this Agreement it is specified that an action may be taken upon the affirmative vote or consent of less than all of the Partners, such action may be so taken upon the concurrence of less than all of the Partners and each Partner shall be bound by the results of such action.

  • Waivers and Supplemental Agreements with Consent of Holders With the consent of the Holders of Certificates of each Class representing Certificate Balances aggregating not less than 66% of the related Class Balance, (i) compliance by ▇▇▇▇▇▇ ▇▇▇ with any of the terms of this Trust Agreement may be waived or (ii) ▇▇▇▇▇▇ Mae, in its corporate capacity and in its capacity as Trustee, may enter into any Supplemental Agreement for the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of this Trust Agreement or of modifying in any manner the rights of the Holders of the Certificates issued under this Trust Agreement; provided, however, that no such waiver or Supplemental Agreement shall: (a) without the consent of all Certificateholders reduce in any manner the amount of, or delay the timing of, distributions which are required to be made on any Certificate; or (b) without the consent of all Certificateholders (i) terminate or modify ▇▇▇▇▇▇ Mae’s guaranty of the Certificates pursuant to Section 3.03, (ii) significantly change any permitted activity of the Trust or (iii) reduce the aforesaid percentages of Certificates, the Holders of which are required to consent to any waiver or any Supplemental Agreement. Notwithstanding any other provision of this Trust Agreement, clause (b)(ii) of Section 7.02 shall be interpreted in a manner consistent with the requirements of Statement of Financial Accounting Standards No. 140, Accounting for Transfers and Servicing of Financial Assets and Extinguishments of Liabilities. It shall not be necessary for Holders to approve the particular form of any proposed Supplemental Agreement, but it shall be sufficient if such Holders shall approve the substance thereof. Promptly after the execution of any Supplemental Agreement pursuant to this Section, ▇▇▇▇▇▇ Mae shall give written notice thereof to Holders of Certificates. Any failure of ▇▇▇▇▇▇ ▇▇▇ to give such notice, or any defect therein, shall not, however, in any way impair or affect the validity of any such Supplemental Agreement.

  • Landlord Waivers; Bailee Waivers In the event that Borrower or any of its Subsidiaries, after the Effective Date, intends to add any new offices or business locations, including warehouses, or otherwise store any portion of the Collateral with, or deliver any portion of the Collateral to, a bailee, in each case pursuant to Section 7.2, then Borrower or such Subsidiary will first receive the written consent of Collateral Agent and, in the event that the Collateral at any new location is valued in excess of Two Hundred Fifty Thousand ($250,000.00) in the aggregate, such bailee or landlord, as applicable, must execute and deliver a bailee waiver or landlord waiver, as applicable, in form and substance reasonably satisfactory to Collateral Agent prior to the addition of any new offices or business locations, or any such storage with or delivery to any such bailee, as the case may be.

  • Landlord Waivers With respect to any real property leased by the Company or any Loan Party, where requested by the Administrative Agent, the Company and each Loan Party shall use commercially reasonable efforts (and shall deliver to the Administrative Agent satisfactory evidence of such efforts) to deliver a Landlord Waiver (to the extent not previously delivered to the Administrative Agent) duly executed by the applicable landlord in form and substance reasonably satisfactory to the Administrative Agent.