Common use of Covenants of Sublessee Clause in Contracts

Covenants of Sublessee. Sublessee covenants and agrees as follows: (a) Promptly upon any officer or director of Sublessee obtaining knowledge of any condition or event which constitutes a default or a potential default hereunder, Sublessee shall 105 provide prompt written notice to Sublessor specifying such condition and what action Sublessee is taking or proposes to take with respect thereto. (b) Sublessee will promptly execute and deliver to Sublessor such further documents, instruments and assurances and take such further action as Lessor or Sublessor from time to time may reasonably request in order to carry out the intent and purpose of this Sublease and to establish and protect the rights and remedies created or intended to be created in favor of Sublessor or Lessor hereunder. (c) Sublessee will comply with all affirmative and negative covenants set forth in Exhibits M and N to the Master Lease, to the same extent as if set forth herein. (d) Sublessee will not attach or incorporate any item of Equipment to or in any other item of equipment or personal property or to or in any real property in a manner that gives rise to the assertion of any lien, claim or encumbrance on such item of Equipment by reason of such attachment or the assertion of a claim that such item of Equipment has become a fixture. Sublessee hereby agrees that it will purchase any such item of Equipment which Lessor or Sublessor notifies Sublessee in writing is subject to the assertion of any such lien, claim or encumbrance within [ten (10)] days of such notice. (e) The Equipment will at all times be used for commercial or business purposes. (f) Sublessee shall not take any action that would cause a default under this Sublease or the Master Lease or omit to take any action necessary to prevent a breach of this Sublease or the Master Lease.

Appears in 1 contract

Sources: Master Establishment and Transition Agreement (Savvis Communications Corp)

Covenants of Sublessee. Sublessee covenants and agrees as follows: (a) Promptly upon any officer or director of Sublessee obtaining knowledge of any condition or event which constitutes a default or a potential default hereunder, Sublessee shall 105 provide prompt written notice to Sublessor specifying such condition and what action Sublessee is taking or proposes to take with respect thereto. (b) Sublessee will promptly execute and deliver to Sublessor such further documents, instruments and assurances and take such further action as Lessor or Sublessor from time to time may reasonably request in order to carry out the intent and purpose of this Sublease and to establish and protect the rights and remedies created or intended to be created in favor of Sublessor or Lessor hereunder. (c) Sublessee will comply with all affirmative and negative covenants set forth in Exhibits M and N to the Master Lease, to the same extent as if set forth herein. (d) Sublessee will not attach or incorporate any item of Equipment to or in any other item of equipment or personal property or to or in any real property in a manner that gives rise to the assertion of any lien, claim or encumbrance on such item of Equipment by reason of such attachment or the assertion of a claim that such item of Equipment has become a fixture. Sublessee hereby agrees that it will purchase any such item of Equipment which Lessor or Sublessor notifies Sublessee in writing is subject to the assertion of any such lien, claim or encumbrance within [ten (10)] ) days of such notice. (e) The Equipment will at all times be used for commercial or business purposes. (f) Sublessee shall not take any action that would cause a default under this Sublease or the Master Lease or omit to take any action necessary to prevent a breach of this Sublease or the Master Lease.

Appears in 1 contract

Sources: Master Establishment and Transition Agreement (Savvis Communications Corp)