Common use of Lease of the Project Clause in Contracts

Lease of the Project. The Company hereby, rents, leases and lets to the Issuer the Company’s interest in the Project, which Project is legally described on Exhibit A, attached hereto and incorporated herein, and the Issuer rents, leases and hires the Project from the Company, for rentals and upon and subject to the terms and conditions herein set forth, for a term commencing on the date hereof and ending on December 31, 2016; provided, however, this Base Lease Agreement shall remain in full force and effect so long as any obligation of the Company under the Lease Agreement shall be outstanding and so long as the Lease Agreement shall remain in effect (the “Lease Term”), unless sooner terminated in a manner provided for herein, provided that the Company shall not exercise any right so reserved in any manner that will interfere with any rights of the Issuer hereunder.

Appears in 1 contract

Sources: Base Lease Agreement

Lease of the Project. The Company hereby, rents, leases and lets to the Issuer the Company’s interest in the Project, which Project is legally described on Exhibit A, attached hereto and incorporated herein, and the Issuer rents, leases and hires the Project from the Company, for rentals and upon and subject to the terms and conditions herein set forth, for a term commencing on the date hereof and ending on December 311, 20162018; provided, however, this Base Lease Agreement shall remain in full force and effect so long as any obligation of the Company under the Lease Agreement shall be outstanding and so long as the Lease Agreement shall remain in effect (the “Lease Term”), unless sooner terminated in a manner provided for herein, provided that the Company shall not exercise any right so reserved in any manner that will interfere with any rights of the Issuer hereunder.

Appears in 1 contract

Sources: Base Lease Agreement