Third Party Leases Clause Samples
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Third Party Leases. A fully executed assignment to the County, in the form attached hereto as Exhibit E, of all of the Port’s right, title and interest in and to the Third Party Leases, Licenses or Contracts listed in Schedule 1 hereto that affect the Property, and of any other Third Party Leases, Licenses or Contracts that pertain to the Property and of which the Port acquires knowledge prior to Closing (collectively, the “Leases”); and
Third Party Leases. (a) Schedule 5.12 hereto contains a true and complete list, including annual rent, of each of the Third Party Leases. Except as specifically identified on Schedule 5.12, the Seller's interest in each of the Third Party Leases is free and clear of any pledge, mortgage or security interest of any kind whatsoever. The Seller has delivered to the Purchaser true and complete copies of all of the Third Party Leases and of all related options, if any, to purchase the Third Party Real Property.
(b) Each Third Party Lease and each related option to purchase is valid and binding on Seller or Seller's Affiliate, as the case may be, and to Seller's Knowledge, on the landlord, and is in full force and effect, subject only to exceptions based on bankruptcy, insolvency or similar Laws of general application, and there are no existing material defaults by the Seller or Seller's Affiliate under, or, to the Knowledge of the Seller, by any other party to, any Lease or any related option to purchase the Third Party Real Property, or any condition, event or act known to the Seller that, with notice or lapse of time or both, would constitute a material default. Without limiting the foregoing, the Seller has not received any notice from any Person asserting that the Seller or Seller's Affiliate is in default under any Third Party Lease, or under any related option to purchase, nor does the Seller have any Knowledge of a default by it or Seller's Affiliate under any Third Party Lease, or under any related option to purchase. The Seller or Seller's Affiliate currently enjoys peaceful and undisturbed possession of the Third Party Real Property under each of the Third Party Leases.
Third Party Leases. (a) Schedule 5.12(a) hereto contains a true and complete list and description, including annual rent, of each of the Third Party Leases. Except as specifically identified on Schedule 5.12(a), the Seller's interest in each of the Third Party Leases is free and clear of any pledge, mortgage or security interest of any kind whatsoever. The Seller has delivered to the Purchaser true and complete copies of all of the Third Party Leases and of all related options, if any, to purchase the Third Party Real Property.
(b) Each Third Party Lease and each such option to purchase is valid and binding and is in full force and effect, subject only to exceptions based on bankruptcy, insolvency or similar Laws of general application, and there are no existing material defaults by the Seller or an Affiliate under, or, to the Knowledge of the Seller, by any other party to, any Third Party Lease or any option to purchase the Third Party Real Property, or any condition, event or act known to the Seller that, with notice or lapse of time or both, would constitute a material default. Without limiting the foregoing, the Seller has not received any notice from any Person asserting that the Seller or an Affiliate is in default under any Third Party Lease or under any option to purchase any of the Real Property, nor does the Seller have any Knowledge of a default by it or an Affiliate under any Third Party Lease or under any option to purchase any of the Real Property. The Seller or an Affiliate currently enjoys peaceful and undisturbed possession of the Third Party Real Property under each of the Third Party Leases.
(c) Except as described in detail on Schedule 5.12(c) hereto, all of the Seller's or an Affiliate's rights under the Third Party Leases, as the case may be, may be assigned or subleased to the Purchaser without the Approval of any Person.
Third Party Leases. To the best of Landlord's knowledge, each of the Third Party Leases is valid and subsisting and in full force and effect in accordance with its terms and constitutes the legal, valid, binding and enforceable obligation of the parties thereunder, subject to general principles of equity and laws relating to bankruptcy, reorganization, moratorium, fraudulent conveyance, or similar laws now or hereafter in effect relating to creditors' rights generally. To the best of Landlord's knowledge, (a) Landlord has not received any written notice of default with respect to any Third Party Lease from any Third Party Lessor, which default remains uncured as of the date hereof, except as set forth in the last item of Schedule 14, and (b) neither a Third Party Lessor nor Landlord is in default of any of its material obligations under a Third Party Lease.
Third Party Leases. All of Seller’s rights as lessee or lessor pursuant to those real property or personal property leases described on Schedule 1.1(a)(iii) (the “Third Party Leases”);
Third Party Leases. Except as would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect, (i) the Third Party Leases are valid and in full force and effect, and (ii) neither the Company nor any of its Subsidiaries nor, to the Company’s Knowledge, any Third Party, has violated any provision of, or committed or failed to perform any act which, with or without notice, lapse of time or both would constitute a default under the provisions of, any Third Party Lease. Neither the Company nor any of its Subsidiaries has assigned, pledged, mortgaged, hypothecated or otherwise transferred any Third Party Lease. The Company has delivered or otherwise made available to Parent true and complete copies of all Third Party Leases (including all material modifications, amendments, supplements, waivers and side letters thereto) pursuant to which the Company or any of its Subsidiaries thereof leases, subleases, licenses, or otherwise grants rights for the use or occupancy of the Real Property to any Third Party.
Third Party Leases. 17 5.13 Insurance................................................................................................17 5.14 Contracts................................................................................................17
Third Party Leases. For each of the Third Party Leases, an assignment substantially in the form of Exhibit E attached hereto, modified as appropriate, executed and acknowledged by Seller;
Third Party Leases. All third-party leases with respect to real property of the Group Companies owned in fee by such Group Companies are set forth on Schedule 6.01(ll) of the Financing Agreement.
Third Party Leases. All third-party leases with respect to real property of the Loan Parties owned in fee by such Loan Parties are set forth on Schedule 6.01(ll). US-DOCS\103792213.14