Lease Conditions Sample Clauses

Lease Conditions. This Lease and Landlord’s and Tenant’s rights and obligations hereunder are expressly subject to and conditioned on (collectively, the “Lease Conditions”) the parties’ consummation of the Separation and Distribution Agreement and the Real Estate Matters Agreement, which the parties anticipate will occur on August 1, 2014. Subject to and conditioned on the satisfaction of the Lease Conditions, Tenant hereby leases from Landlord, and Landlord hereby leases to Tenant, the Premises upon the terms and conditions set forth herein. In connection with its use of the Premises, Tenant shall also have the non-exclusive right to use, subject to Landlord’s reasonable rules and regulations, the hallways, stairways, restrooms, kitchens, break rooms, loading dock and other areas of the Project that may be reasonably necessary for Tenant’s use of the Premises (the “Shared Areas”), as shown on Exhibit A hereto.

Lease Conditions. To the actual knowledge of Seller, with respect to each of the Leases in respect of the ▇▇▇▇▇▇ Ranch (being the Leases designated as 900-002 and 900-003 in Exhibit ”A” to this Agreement), (a) Seller has at all material times during the period that Seller has been a lessee under those Leases complied in all material respects with, and is presently in compliance in all material respects with, all continuous drilling obligations set forth in Section 11 of Exhibit A of such Leases and (b) Seller has not received any written notice from any lessor under either such Lease that such Lease is subject to termination for breach of such continuous drilling obligations.

Lease Conditions. (a) Subject to the following terms and conditions, Lessor leases to Lessee the following parcel of land: . This Parcel is described in detail within Exhibit A attached here. (b) ▇▇▇▇▇▇ has examined the Land and accepts it “as-is” such that ▇▇▇▇▇▇ expressly waives any and all claims against Lessor relative to the nature, condition, or suitability of the Land. (c) Lessee shall construct a Hangar for the storage of aircraft and related equipment on the Leased Property. (d) Construction of said Hangar shall begin within 120 days after the execution of this lease. (e) Construction of said Hangar shall be completed within 365 days after the start of construction (f) All construction shall be completed in accordance with all applicable federal, state, and local statutes, regulations, ordinances, and Airport rules. (g) Lessee shall provide the details of each aircraft to be stored in the constructed Hangar as required by Exhibit B. These details shall be provided at or before the time that the Lessee begins storing an aircraft on the Leased Property. (h) Lessee shall notify Lessor in writing within fifteen (15) days if the aircraft has been sold or is no longer in ▇▇▇▇▇▇’s possession.

Lease Conditions tenant and Lender agree that this Agreement satisfies any and all conditions or requirements in the Lease relating to the subordination of the Lease to the Mortgage and the granting of a nondisturbance agreement to Tenant by Lender. Any noncompliance with such conditions is hereby waived. Tenant and Lender further agree that in the event that there is any inconsistency between the terms and provisions hereof and the terms and provisions of the Lease dealing with the nondisturbance by Lender, the terms and provisions hereof shall be controlling.

Lease Conditions. Satisfactory evidence that short form ---------------- leases or lease memoranda have been duly recorded in the local real estate records, with respect to each Property constituting a leasehold interest, together with copies, certified to be accurate, current and complete, of valid, binding and enforceable lease amendments in form and content reasonably acceptable to the Administrative Agent, conferring upon the Administrative Agent rights of notice and opportunity to cure with respect to defaults and such other leasehold lender protections as the Administrative Agent reasonably may require.

Lease Conditions. The Purchaser may lease an Aircraft to a third party provided (a) the proposed lessee is a solvent party with the required credentials to be a credible operator of the aircraft, (b) such lease or any related financing does not impose any greater liability, obligation or cost to the Seller at the time of such lease /related financing and (c) the Purchaser shall reimburse any reasonable external costs (including legal to the Seller) connected with the lease.

Lease Conditions. To the extent not previously delivered, the Administrative Agent shall have received evidence that short form leases or lease memoranda shall have been duly recorded in the local real estate records, with respect to each Mortgaged Property (other than any Post-Closing Date Mortgaged Property and any Specified Leasehold Mortgaged Property) constituting a leasehold interest. The Administrative Agent shall have received with respect to those Mortgaged Properties (other than any Post-Closing Date Mortgaged Property and any Specified Leasehold Mortgaged Property) consisting of leaseholds so designated by the Administrative Agent, copies of valid, binding and enforceable lease amendments or landlord agreements in form and content reasonably acceptable to the Administrative Agent, conferring on the Administrative Agent rights of default notice, cure opportunity and such other leasehold lender protections as the Administrative Agent may reasonably require. Notwithstanding the foregoing provisions of this paragraph (p), the Borrower shall not be required to take the actions described in this paragraph (p) in respect of any Mortgaged Property until such Property is required to be mortgaged pursuant to Section 6.14 or Section 6.15, as the case may be.

Lease Conditions. This Occupancy Agreement is in all respects subject and subordinate to, and to the extent not otherwise in conflict with the provisions hereof, incorporates and restates the Lease as if fully recited herein. Accordingly, for the purpose of example but not limitation, the security deposit, if any, previously delivered to the Landlord shall secure the obligations of the Occupant under this Agreement. This Occupancy Agreement shall be subject to all terms of the insurance provisions of the Lease and shall not be effective until such time as an Insurance Certificate is attached herein. Occupant shall, except to the extent otherwise in conflict with the provisions hereof, comply with all monetary and non-monetary terms and conditions of the Lease, including, without limit, the listed Rules and Regulations as they may be amended by Landlord from time to time and recognizes that its failure to do so following receipt of any required written notice provided in the Lease, shall constitute a default under this Agreement. In such case, Landlord shall not be liable for any previous act or omission of the Licensor under this License. In the event of the existence of any inconsistencies between the provisions of the Lease and this Occupancy Agreement as it relates solely to the Occupancy Space, the provisions of this Occupancy Agreement shall control. In the event that Occupant, as Tenant under the Lease, defaults under the Lease resulting in the termination of the Lease or re-entry or dispossession by Landlord of the Occupancy Space under the Lease, this Occupancy Agreement and all rights of the Occupant hereunder shall immediately terminate.

Lease Conditions. The Administrative Agent shall have received evidence that short form leases or lease memoranda shall have been duly recorded in the local real estate records, with respect to each Mortgaged Property constituting a leasehold interest. The Administrative Agent shall have received with respect to those Mortgaged Properties consisting of leaseholds so designated by the Administrative Agent, copies of valid, binding and enforceable lease amendments or landlord agreements in form and content reasonably acceptable to the Administrative Agent, conferring on the Administrative Agent rights of default notice, cure opportunity and such other leasehold lender protections as the Administrative Agent may reasonably require. Notwithstanding the foregoing provisions of this paragraph (s), the Borrower shall not be required to take the actions described in this paragraph (s) in respect of any Mortgaged Property until such property is required to be mortgaged pursuant to Section 6.14.