Sale of the Leased Property Clause Samples
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Sale of the Leased Property. Landlord shall not voluntarily sell all or portions of the Leased Property during the Term without the prior written consent of Tenant, which consent may not be unreasonably withheld. Notwithstanding the foregoing, ▇▇▇▇▇▇’s consent shall not be required for (A) any transfer to a Facility Mortgagee contemplated under Article XXXI hereof which may include, without limitation, a transfer by foreclosure brought by the Facility Mortgagee or a transfer by deed in lieu of foreclosure (and the first subsequent sale by such Facility Mortgagee to the extent the Facility Mortgagee has been diligently attempting to expedite such first subsequent sale from the time it initiated foreclosure proceedings taking into account the interest of such Facility Mortgagee to maximize the proceeds of such sale), (B) a sale by Landlord of all of the Leased Property to a single buyer or group of buyers, other than to an operator, or an Affiliate of an operator, of Gaming Facilities (provided that Landlord shall be permitted to sell all of the Leased Property to a real estate investment trust even if such real estate investment trust is an Affiliate of an operator), (C) a merger transaction or sale by Landlord or GLP involving all of the Facilities, other than with an operator, or an Affiliate of an operator, of Gaming Facilities (provided that Landlord or GLP shall be permitted to merge with or sell all of the Leased Property to a real estate investment trust even if such real estate investment trust is an Affiliate of an operator), (D) a sale/leaseback transaction by Landlord with respect to any or all of the Leased Properties for financing purposes, (E) any sale of all or a portion of the Leased Property or the Facilities that does not change the identity of the Landlord hereunder, including without limitation a participating interest in Landlord’s interest under this Master Lease or a sale of Landlord’s reversionary interest in the Leased Property, or (F) a sale or transfer to an Affiliate of GLP or a joint venture entity in which GLP or its Affiliate is the managing member or partner. Any sale by Landlord of all or any portion of the Leased Property pursuant to this Section 18.1 shall be subject in each instance to all of the rights of Tenant under this Master Lease and, to the extent necessary, any purchaser or successor Landlord and/or other controlling persons must be approved by all applicable gaming regulatory agencies to ensure that there is no material impact on the validi...
Sale of the Leased Property. Except solely as provided in the last sentence of this Section 18.1, Landlord shall not be restricted from selling all or any portion of the Leased Property (including by entering into a merger or other transaction or by any Landlord Change of Control or any other transaction at any tier of ownership). Any sale or other transfer by Landlord of all or any portion of the Leased Property shall be subject in each instance to all of the rights of Tenant under this Master Lease, and Landlord and Landlord’s successor or purchaser must comply with the provisions of Section 8.2 applicable to Landlord and, to the extent necessary, any purchaser or successor Landlord and/or other Related Person of purchaser or successor Landlord (or other Landlord Change of Control) must be approved by all applicable Gaming Authorities to ensure that there is not reasonably likely to be any material impact on the validity of any of the Gaming Licenses or the ability of Tenant to continue to use the Gaming Facilities for gaming activities in substantially the same manner as immediately prior to Landlord’s sale or other transfer.
Sale of the Leased Property. Subject to the terms of Section 18.2 and Article XXXI, Landlord may, without the consent or approval of Tenant, sell all (and not less than all) of the Leased Property to a single buyer who is not a Competitor. In connection with such sale, Landlord and the buyer shall concurrently enter into an assignment agreement pursuant to which Landlord assigns to such buyer all of its rights, title and interest under this Master Lease, and the buyer agrees to perform all of the obligations, terms, covenants and conditions of Landlord hereunder from and after the effective date of the sale. For the avoidance of doubt, each entity comprising Landlord must assign 100% of its right, title and interest under this Master Lease to the buyer in order for an assignment of the Master Lease to be permitted under the terms of this Section 18.1.
Sale of the Leased Property. (a) If the Landlord sells or otherwise disposes of all or part of the Leased Property, it will be done so, subject to the provisions of this Lease, unless the Landlord and the Tenant agree otherwise in writing.
Sale of the Leased Property. Landlord shall have the right to sell or convey the entire Leased Property (provided that such sale or conveyance is made subject to the terms of this Lease) and, in connection therewith, to assign its right, title and interest as Landlord under this Lease to the transferee that acquires the Leased Property, in each case, except to a Competitor. In the event of any such sale or assignment other than a security assignment, Tenant shall attorn to such purchaser or assignee and Landlord shall be relieved, from and after the date of such transfer or conveyance, of liability for the performance of any obligation of Landlord contained herein, except for obligations or liabilities accrued prior to such assignment or sale.
Sale of the Leased Property. This Lease will terminate if Lessor, at ▇▇▇▇▇▇’s discretion, sells the Leased Property; Lessor will not have any duty to compensate Lessee for any improvements unless agreed upon by both Lessor and ▇▇▇▇▇▇ in writing at the time of termination.
Sale of the Leased Property. The landlord undertakes to inform the tenant via registered letter in case of a sale of the leased property. The tenant will allow the leased property to be viewed at two points in time, to be determined at a later stage.
Sale of the Leased Property. This Lease will terminate if Lessor, at ▇▇▇▇▇▇’s discretion, sells the Leased Property; Lessor will not have any duty to compensate Lessee for any improvements unless agreed upon by both Lessor and ▇▇▇▇▇▇ in writing at the time of termination. Nothing in this Lease allows Lessor to sell the Leased Property without first determining, by official action, that the Leased Property is no longer usable or needed to carry out the Redpath Impoundment Project, or without first obtaining the written consent of the Commissioner of Minnesota Management and Budget, or his/her designee.
Sale of the Leased Property. The lessor undertakes to inform the lessee via registered letter in case of a sale of the leased property. The lessee will allow the leased property to be viewed in full on two week nights, to be determined at a later stage.
Sale of the Leased Property. The landlord undertakes to inform the tenant via registered letter in case of a sale of the leased property. The tenant will allow the leased property to be viewed at two points in time, to be determined at a later stage.