Rights and Duties of Lessor Sample Clauses

The 'Rights and Duties of Lessor' clause defines the specific entitlements and obligations of the property owner (lessor) in a lease agreement. Typically, this clause outlines the lessor's right to receive rent, inspect the property, and enforce lease terms, as well as their duties to maintain the premises, ensure habitability, and respect the tenant's privacy. By clearly delineating these responsibilities and privileges, the clause helps prevent disputes and ensures both parties understand their roles in the leasing relationship.
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Rights and Duties of Lessor. The Lessor shall: a) Keep the Premises in good repair, including the exterior and interior structure, utilities, services and fixtures, sanitation facilities and all grounds, paths and parking areas, fences and walls protecting the property [add/delete as necessary]. b) Undertake all sanitary, fire, safety and emergency, inspections required by local law. c) Carry out necessary wear and tear repairs on the Premises. The Lessee will notify the Lessor of the repair requirements in writing and the Lessor will make the necessary repairs within five days of the Lessee’s notification. If the Lessor cannot perform the repairs in the course of five days after receiving notice from the Lessee, the Lessee shall have the right to engage a third party to perform the needed repairs and deduct the amount of expenditure from the amount of the Rental. In emergency situations where the Lessor is not able to act immediately, the Lessee shall have the right to engage a third party to perform the needed repairs and deduct the amount of expenditure from the amount of the Rental. d) Pay taxes, charges or any other payments levied against the Premises by any government or government related entity during the course of this Lease. e) Provide the Lessee with the following public utilities: Heating, electricity, water, sewage, garbage collection [add/delete as necessary]. f) Keep the Premises insured against loss or damage due to fire, storm or other risks normally insured against in a sum equivalent to the full insurance value of the Premises and use all sums received under the policy to restore the damage to the Premises. (*7)
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Rights and Duties of Lessor. The Lessor shall: Keep the Premises in good repair, including the exterior and interior structure, utilities, services and fixtures, sanitation facilities and all grounds, paths and parking areas, fences and walls protecting the property [add/delete as necessary]; Undertake all sanitary, fire, safety and emergency, inspections required by local law; Carry out necessary maintenance repairs on the Premises. The Lessee will notify the Lessor of the repair requirements in writing and the Lessor will make the necessary repairs within 5 (five) days of the Lessee’s notification. In consultation with the Lessee, the Lessor may access the Premises at a reasonable time upon providing at least 48 hours prior notice to the Lessee, in order to carry out such repairs. If the Lessor cannot perform the repairs in the course of 5 (five) days after receiving notice from the Lessee, the Lessee shall have the right to engage a third party to perform the needed repairs and deduct the amount of expenditure from the amount of the Rent. In emergency situations where the Lessor is not able to act immediately, the Lessee shall have the right to engage a third party to perform the needed repairs and deduct the amount of expenditure from the amount of the Rent; Pay taxes, charges or any other payments levied against the Premises by any government or government related entity during the course of this Agreement; Provide the Lessee with the following public utilities: Heating, electricity, water, sewage, garbage collection [add/delete as necessary]; Keep the Premises insured against loss or damage due to fire, storm or other risks normally insured against in a sum equivalent to the full insurance value of the Premises and use all sums received under the policy to restore the damage to the Premises; (*6) [If there is more than one Lessor, please ensure that this clause is included. If there is only one Lessor, please delete this clause]: The Lessors are jointly and severally liable for their obligations as described in this Agreement and its Annexes, if any.
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Rights and Duties of Lessor. Lessor shall, in a manner substantially similar to other industrial parks in the south Seattle industrial market, maintain the Common Areas, establish and enforce reasonable rules and regulations concerning such areas, close any of the Common Areas to whatever extent required in the opinion of Lessor's counsel to prevent a dedication of any of the Common Areas or the accrual of any rights of any person or of the public to the Common Areas, close temporarily any of the Common Areas for maintenance purposes, and make changes to the Common Areas including, without limitation, changes in the location of driveways, entrances, exits, vehicular parking spaces, parking area, the designation of areas for the exclusive use of others, the direction of the flow of traffic or construction of additional Buildings thereupon. Lessee hereby acknowledges that Lessor is under no obligation to provide security for the Common Areas but may do so at its option.
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Rights and Duties of Lessor. Lessor shall, in a manner it deems proper in its opinion, maintain the Common Maintenance Areas in a manner consistent with similar developments in the area, establish and enforce reasonable rules and regulations concerning such areas, close any of the Common Maintenance Areas to whatever extent required in the opinion of Lessor's counsel to prevent a dedication of any of the Common Maintenance Areas or the accrual of any rights of any person or of the public to the Common Maintenance Areas, close temporarily any of the Common Maintenance Areas for maintenance purposes, and make changes to the Common Maintenance Areas including, without limitation, changes in the location of driveways, entrances, exits, vehicular parking spaces, parking area, the designation of areas for the exclusive use of others, the direction of the flow of traffic or construction of additional buildings thereupon; provided, however, that Lessor shall use diligent efforts to minimize interference with Lessee's business, use and enjoyment of the Common Maintenance Areas and the Leased Premises and Lessor shall not prevent Lessee's access to the Leased Premises. Lessee hereby acknowledges that Lessor is under no obligation to provide security for the Maintenance Areas but may do so at its option.
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Rights and Duties of Lessor. Lessor shall, in a manner it deems proper in its reasonable opinion, maintain the Common Areas, estab-
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Related to Rights and Duties of Lessor

  • Rights and Duties of Rights Agent The Rights Agent undertakes to perform only the duties and obligations expressly imposed by this Rights Agreement (and no implied duties) upon the following terms and conditions, by all of which the Company and the holders of Rights Certificates, by their acceptance thereof, shall be bound: (a) The Rights Agent may consult with legal counsel (who may be legal counsel for the Company or an employee of the Rights Agent), and the written advice or opinion of such counsel shall be full and complete authorization and protection to the Rights Agent and the Rights Agent shall incur no liability for or in respect of any action taken, suffered or omitted by it in accordance with such written advice or opinion. (b) Whenever in the performance of its duties under this Rights Agreement the Rights Agent shall deem it necessary or desirable that any fact or matter (including, without limitation, the identity of any Acquiring Person and the determination of Current Per Share Market Price) be proved or established by the Company prior to taking, suffering or omitting to take any action hereunder, such fact or matter (unless other evidence in respect thereof be herein specifically prescribed) may be deemed to be conclusively proved and established by a certificate signed by any one of the Chairman of the Board, the Chief Executive Officer, the President, any Vice President, the Chief Financial Officer, the Secretary or any Assistant Secretary of the Company and delivered to the Rights Agent; and such certificate shall be full and complete authorization and protection to the Rights Agent and the Rights Agent shall incur no liability for or in respect of any action taken, suffered or omitted to be taken by it in good faith under the provisions of this Rights Agreement in reliance upon such certificate. (c) The Rights Agent shall be liable hereunder to the Company and any other Person only for its own gross negligence, bad faith or willful misconduct (which gross negligence or bad faith must be determined by a final, non-appealable order, judgment, decree or ruling of a court of competent jurisdiction). (d) The Rights Agent shall not be liable for or by reason of any of the statements of fact or recitals contained in this Rights Agreement or in the Rights Certificates (except its countersignature thereof) or be required to verify the same, but all such statements and recitals are and shall be deemed to have been made by the Company only. (e) The Rights Agent shall not have any liability for or be under any responsibility in respect of the validity of this Rights Agreement or the execution and delivery hereof (except the due execution hereof by the Rights Agent) or in respect of the validity or execution of any Rights Certificate (except its countersignature thereof); nor shall it be responsible for any breach by the Company of any covenant or condition contained in this Rights Agreement or in any Rights Certificate; nor shall it be responsible for any change in the exercisability of the Rights or any adjustment in the terms of the Rights (including the manner, method or amount thereof) provided for in Sections 3, 11, 13, 23 or 24, or the ascertaining of the existence of facts that would require any such change or adjustment (except with respect to the exercise of Rights evidenced by Rights Certificates after receipt by the Rights Agent of a certificate furnished pursuant to Section 12 hereof, upon which the Rights Agent may rely, describing such change or adjustment); nor shall it by any act hereunder be deemed to make any representation or warranty as to the authorization or reservation of any Preferred Shares to be issued pursuant to this Rights Agreement or any Rights Certificate or as to whether any Preferred Shares will, when issued, be validly authorized and issued, fully paid and nonassessable. (f) The Company agrees that it will perform, execute, acknowledge and deliver or cause to be performed, executed, acknowledged and delivered all such further and other acts, instruments and assurances as may reasonably be required by the Rights Agent for the carrying out or performing by the Rights Agent of the provisions of this Rights Agreement. (g) The Rights Agent is hereby authorized and directed to accept instructions with respect to the performance of its duties hereunder from any one of the Chairman of the Board, the Chief Executive Officer, the President, any Vice President, the Chief Financial Officer, the Secretary or any Assistant Secretary of the Company, and to apply to such officers for advice or instructions in connection with its duties, and such instructions shall be full authorization and protection to the Rights Agent and the Rights Agent shall not be liable for or in respect of any action taken, suffered or omitted by it in accordance with instructions of any such officer or for any delay in acting while waiting for those instructions. The Rights Agent shall be fully authorized and protected in relying upon the most recent instructions received by any such officer. Any application by the Rights Agent for written instructions from the Company may, at the option of the Rights Agent, set forth in writing any action proposed to be taken, suffered or omitted by the Rights Agent under this Rights Agreement and the date on and/or after which such action shall be taken or suffered or such omission shall be effective. The Rights Agent shall not be liable for any action taken by, or omission of, the Rights Agent in accordance with a proposal included in any such application on or after the date specified in such application (which date shall not be less than five (5) Business Days after the date any officer of the Company actually receives such application, unless any such officer shall have consented in writing to an earlier date) unless, prior to taking any such action (or the effective date in the case of an omission), the Rights Agent shall have received written instructions in response to such application specifying the action to be taken or omitted. (h) The Rights Agent and any shareholder, affiliate, director, officer or employee of the Rights Agent may buy, sell or deal in any of the Rights or other securities of the Company or become pecuniarily interested in any transaction in which the Company may be interested, or contract with or lend money to the Company or otherwise act as fully and freely as though it were not Rights Agent under this Rights Agreement. Nothing herein shall preclude the Rights Agent or any such shareholder, affiliate, director, officer or employee from acting in any other capacity for the Company or for any other Person. (i) The Rights Agent may execute and exercise any of the rights or powers hereby vested in it or perform any duty hereunder either itself (through its directors, officers and employees) or by or through its attorneys or agents, and the Rights Agent shall not be answerable or accountable for any act, default, neglect or misconduct of any such attorneys or agents or for any loss to the Company or any other Person resulting from any such act, default, neglect or misconduct, absent gross negligence or bad faith in the selection and continued employment thereof (which gross negligence or bad faith must be determined by a final, non-appealable order, judgment, decree or ruling of a court of competent jurisdiction). (j) No provision of this Rights Agreement shall require the Rights Agent to expend or risk its own funds or otherwise incur any financial liability in the performance of any of its duties hereunder or in the exercise of its rights if it believes that repayment of such funds or adequate indemnification against such risk or liability is not reasonably assured to it. (k) If, with respect to any Rights Certificate surrendered to the Rights Agent for exercise or transfer, the certificate attached to the form of assignment or form of election to purchase, as the case may be, has either not been properly completed or indicates an affirmative response to clause 1 and/or 2 thereof, the Rights Agent shall not take any further action with respect to such requested exercise or transfer without first consulting with the Company.

  • Rights and Duties The Limited Shareholders shall have the following rights, powers, privileges, duties and liabilities: (a) The Limited Shareholders shall have the right to obtain from the Sponsor the reports and information as are set forth in Article IX and the list of Participants contemplated by Section 3.5(a)(i). The foregoing rights are in addition to, and do not limit, other remedies available to Limited Shareholders under U.S. federal or state law. (b) The Limited Shareholders shall receive the share of the distributions provided for in this Trust Agreement in the manner and at the times provided for in this Trust Agreement. (c) Except for the Limited Shareholders’ redemption rights set forth in Article VII hereof, Limited Shareholders shall have the right to demand the return of their capital only upon the dissolution and winding up of the applicable Fund or the Trust and only to the extent of funds available therefore. In no event shall a Limited Shareholder be entitled to demand property other than cash unless the Sponsor, as determined in its sole discretion, has specified property for distribution to all Limited Shareholders. No Limited Shareholder shall have priority over any other Limited Shareholder either as to the return of capital or as to profits, losses or distributions. No Limited Shareholder shall have the right to bring an action for partition against the Trust or a Fund. (d) Limited Shareholders, voting together as a single class, or, if the proposed change affects only certain Funds, of each affected Fund voting separately as a class, may vote to (i) continue the Trust as provided in Section 13.l(a), (ii) approve amendments to this Trust Agreement as set forth in Section 11.1 hereof, and (iii) terminate the Trust as provided in Section 13.1(e). Unless otherwise specified in this Trust Agreement or in Delaware of federal law or regulations of rules on any exchange, any matter upon which the Shareholders vote shall be approved by the affirmative vote of Limited Shareholders holding Limited Shares representing at least a majority (over 50%) of the outstanding Limited Shares of the Trust or a Fund, as the case maybe. Except as expressly provided in this Trust Agreement, the Limited Shareholders shall have no voting or other rights with respect to the Trust or any Fund.

  • Rights and Duties of Members Subject to the provisions of Article 3, members will have all of the rights and powers of members as provided under the Act and as otherwise provided by law.

  • Delegation of Rights and Duties Agent may, upon any term or condition it specifies, delegate or exercise any of its rights, powers and remedies under, and delegate or perform any of its duties or any other action with respect to, any Loan Document by or through any trustee, co-agent, employee, attorney-in-fact and any other Person (including any Secured Party). Any such Person shall benefit from this Article VIII to the extent provided by Agent.

  • Rights and Duties of Warrant Agent (1) In the exercise of the rights and duties prescribed or conferred by the terms of this Indenture, the Warrant Agent shall exercise that degree of care, diligence and skill that a reasonably prudent warrant agent would exercise in comparable circumstances. No provision of this Indenture shall be construed to relieve the Warrant Agent from liability for its own gross negligent action, wilful misconduct, bad faith or fraud under this Indenture. (2) The obligation of the Warrant Agent to commence or continue any act, action or proceeding for the purpose of enforcing any rights of the Warrant Agent or the Registered Warrantholders hereunder shall be conditional upon the Registered Warrantholders furnishing, when required by notice by the Warrant Agent, sufficient funds to commence or to continue such act, action or proceeding and an indemnity reasonably satisfactory to the Warrant Agent to protect and to hold harmless the Warrant Agent and its officers, directors, employees and agents, against the costs, charges and expenses and liabilities to be incurred thereby and any loss and damage it may suffer by reason thereof. None of the provisions contained in this Indenture shall require the Warrant Agent to expend or to risk its own funds or otherwise to incur financial liability in the performance of any of its duties or in the exercise of any of its rights or powers unless indemnified and funded as aforesaid. (3) The Warrant Agent may, before commencing or at any time during the continuance of any such act, action or proceeding, require the Registered Warrantholders, at whose instance it is acting to deposit with the Warrant Agent the Warrants Certificates held by them, for which Warrants the Warrant Agent shall issue receipts. (4) Every provision of this Indenture that by its terms relieves the Warrant Agent of liability or entitles it to rely upon any evidence submitted to it is subject to the provisions of Applicable Legislation.