LEASE OF PREMISES OF STORE Clause Samples

LEASE OF PREMISES OF STORE. Concurrently with the execution of this Agreement, FRANCHISEE shall enter into a Lease with COMPANY for the Premises. If COMPANY elects to permit FRANCHISEE to lease the Premises from a party other than COMPANY, at COMPANY's sole discretion, such Lease must be executed within ninety (90) days after the execution of this Agreement. Any such Lease of the Premises shall contain such terms and provisions as are reasonably acceptable to COMPANY and, at COMPANY's option, shall: (i) be collaterally assigned to COMPANY (with the consent of the lessor, if required), by a collateral assignment agreement as provided in Exhibit B to this Agreement or in form and substance reasonably acceptable to COMPANY in order to secure performance of each and every obligation of FRANCHISEE to COMPANY; and (ii) contain substantially the following provisions: (1) Anything contained in this lease to the contrary notwithstanding, Lessor agrees that without its consent, this lease and the right, title and interest of the Lessee hereunder may be assigned by the Lessee to EMC Group, Inc., a Florida corporation ("EMC"), or its designee." (2) Lessee hereby agrees that lessor may, upon the written request of EMC, disclose to EMC, all reports, information or data in Lessor's possession respecting sales made in, upon or from the leased Premises." (3) Lessor shall give written notice of any default by Lessee under this Lease to EMC, at its principal place of business, concurrently with the giving of such notice to Lessee, and EMC, shall have the right, in its sole discretion, to cure any such default, and if such default is cured, EMC shall have the option to exercise its collateral assignment of the lease." COMPANY shall provide guidance and assistance to FRANCHISEE in connection with the identification and leasing of the Premises, and FRANCHISEE shall not enter into any Lease without COMPANY's written approval of the location and the terms of such Lease. If FRANCHISEE has not located an acceptable site and entered into a Lease for a COMPANY approved location within ninety (90) days after the date of this Agreement, COMPANY may, at its option any time thereafter, terminate this Agreement upon written notice. In such event, COMPANY shall refund the initial franchise fee payable pursuant to Paragraph A of Section 11 of this Agreement, less Two Thousand Five Hundred Dollars ($2,500.00) as compensation for COMPANY's expenses incurred in connection with the sale of the Franchise and site selection...
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Related to LEASE OF PREMISES OF STORE

  • Lease of Premises Landlord hereby leases to Tenant and Tenant hereby leases from Landlord the Premises for the Term and upon the terms and conditions hereinafter set forth.

  • Use of Premises Tenant shall not use the premises or any part thereof, or permit the premises or any part thereof to be used, for any purpose other than the use hereinabove specifically mentioned, subject, however, to all the covenants, agreements, terms, provisions and conditions of this Lease. Those portions, if any, of the premises which on the plan(s) attached hereto are shown as toilets and utility areas shall be used by Tenant only for the purposes for which they are designed. Tenant will not at any time use or occupy the premises or any part thereof, or permit the premises or any part thereof to be used or occupied, in violation of the certificate of occupancy (temporary or final) issued for the Building and/or the premises. Tenant shall not ▇▇▇ or permit the use of the premises or any part thereof in any way which would violate any of the covenants, agreements, terms, provisions and conditions of this Lease or for any unlawful purposes or in any unlawful manner and Tenant shall not suffer or permit the premises or any part thereof to be used in any manner or anything to be done therein or suffer or permit anything to be brought into or kept in the premises which, in the judgment of Landlord, shall in any way impair or tend to impair the character, reputation or appearance of the Building as a first-class office building, impair or interfere with or tend to impair or interfere with any of the Building services or the proper and economic heating, cleaning, air conditioning or other servicing of the Building or the premises, or impair or interfere with or tend to impair or interfere with the use of any of the other areas of the Building by, or occasion discomfort, inconvenience or annoyance to, any of the other tenants or occupants of the Building. Tenant shall not install any electrical or other equipment of any kind which, in the judgment of Landlord, might cause any such impairment, interference, discomfort, inconvenience or annoyance. Except as set forth in Article 1 hereof, Tenant will not, and will not permit anyone to, sell or traffic in any spirituous liquors, wine, ale or beer in or from the premises or carry on any manufacturing in the premises. If any governmental license or permit shall be required for the proper and lawful conduct of Tenant's business or other activity carried on it the premises, Tenant, at Tenant's expense, shall duly procure and thereafter maintain such license or permit and submit the same to inspection by Landlord. Tenant, at Tenant's expense, shall, at all times, comply with the terms and conditions of each license or permit.

  • Demise of Premises Landlord hereby demises and lets to Tenant and Tenant hereby takes and leases from Landlord, for the term and upon the provisions hereinafter specified, the Leased Premises.

  • Sale of Premises by Landlord In the event of any sale of the Building, Landlord shall be and is hereby entirely freed and relieved of all liability under any and all of its covenants and obligations contained in or derived from this Lease arising out of any act, occurrence or omission occurring after the consummation of such sale; and the purchaser, at such sale or any subsequent sale of the Premises shall be deemed, without any further agreement between the parties or their successors in interest or between the parties and any such purchaser, to have assumed and agreed to carry out any and all of the covenants and obligations of the Landlord under this Lease.

  • Sale of Premises Notwithstanding anything contained in this Lease to the contrary, the sale of the Premises by Landlord shall not constitute Landlord’s acceptance of Tenant’s abandonment of the Premises or rejection of the Lease or in any way impair Landlord’s rights upon Tenant’s default, including, without limitation, Landlord’s right to damages.