Example ContractsClausesGround Lease Assignments
Ground Lease Assignments
Ground Lease Assignments contract clause examples

Ground Lease. Modify, amend or terminate the Ground Lease without Lender’s prior written consent.

If the Property is subject to a Ground Lease where a Seller pays rent, then at the Closing # if such Ground Lease rents are payable after the Closing Date for a period before the Closing Date, the Sellers shall pay to the Buyer on the Closing Date an amount equal to the amount of such Ground Lease rents allocated to the period before the Closing Date, prorated on a per diem basis, and # if such Ground Lease rents were paid before the Closing Date for a period from and after the Closing Date, the Buyer shall pay to the Sellers an amount equal to the amount of such Ground Lease rents reasonably allocated to the period from, including and after the Closing Date, prorated on a per diem basis.

Lease Assignments. The Lease Assignments, executed and acknowledged by Purchaser.

Lubbock Ground Lease. Lubbock Seller makes the following representations and warranties set forth in this Section 6.1(v). Lubbock Seller has delivered to Purchaser a true, correct and complete copy of the Lubbock Ground Lease, and the Lubbock Ground Lease has not been amended or modified. To Lubbock Seller’s knowledge, there are no existing or uncured defaults by Lubbock Company, or by Lubbock Ground Lessor under the Lubbock Ground Lease. Neither Lubbock Seller nor Lubbock Company has received any written notices of claims, defenses or offsets which have been asserted against Lubbock Seller or Lubbock Company by Lubbock Ground Lessor. The Lubbock Ground Lease is in full force and effect. Lubbock Company has not assigned its interest in the Lubbock Ground Lease to any Person.

Ground Lease. To Seller’s Knowledge, the Ground Lease is in full force and effect and neither Seller nor Ground Lessor is in breach or default under any obligation thereunder, or any provision thereof. Seller has received no written notice of default under the Ground Lease nor has Seller served upon Ground Lessor written notice of default by Ground Lessor under the Ground Lease. Other than the Ground Lease or Permitted Exceptions, there are no additional agreements between Seller and Ground Lessor that will be binding on Purchaser after the Closing. Seller has provided to Purchaser a true, correct, and complete copy of the Ground Lease and all amendments thereto. Seller is the current tenant under the Ground Lease.

Ground Lease Assignments. Assignments of Ground Lease (the “Ground Lease Assignments”) in recordable form and in the forms attached hereto as Exhibit D-11] and Exhibit D-22], conveying to Purchaser Seller’s title to the Leasehold.

Ground Lease Assignments. The Ground Lease Assignments executed and acknowledged by Purchaser, in recordable form; provided, however, Purchaser shall execute and acknowledge the Ground Lease Assignments as soon as possible prior to Closing as requested in writing by Seller, but with an effective date as of Closing, such that the Ground Lease Assignment can be delivered to the Ground Lessors in advance of signing of the Ground Lessor Estoppel Certificates if requested by the Ground Lessors;

A certified true copy of the Ground Lease Renunciation together with evidence that the Seller has submitted an application to register the Ground Lease Renunciation at the Land Register of Scotland.

Ground Lease. Not amend, supplement, terminate or otherwise modify any Ground Lease # prior to the expiration of the Inspection Period, without providing prior written notice to the Buyer, and # from and after the expiration of the Inspection Period, without the prior written consent of the Buyer, which consent may be granted or withheld in the Buyer’s sole discretion.

Ground Lease. Seller has informed Purchaser that the Property is presently subject to that certain Lease Agreement dated January 1, 2013 (the “Ground Lease”), executed by Seller, as “Landlord” and Flat Rate Storage LLC, a New Jersey limited liability company (“Ground Lessee”), as “Tenant”. Seller shall and hereby agrees to cause the Ground Lease to be terminated at Closing; and, with respect to all of the Leases (each of which has been entered into by Ground Lessee, as “Landlord”), Seller additionally shall cause Ground Lessee to transfer its interest in and to all of the Leases to Seller prior to the termination of the Ground Lease, following which Seller shall transfer its interest in and to all of the Leases to Purchaser at Closing pursuant to the Assignment.

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