Example ContractsClausesLeased Property
Leased Property
Leased Property contract clause examples

Leased Property. In order to facilitate the ability of the Company to transport and handle the Feedgrains, Oilseeds, Wheat and By-Products which it intends to market into export channels, TEMCO has entered into the following sublease and lease agreements:

Pursuant to the provisions of clause 1.1 of the Lease Agreement, the Lessor has had a measurement report drawn up in accordance with NEN 2580 to determine the final floor area of the Leased Property (as defined in clause 1.1 of the Lease Agreement). This measurement report will be initialed by the Parties and attached as [Annex 1] to this Rider II. This measurement report has not yet been agreed with respect to the Common Areas (as defined in the recitals under # of the Lease Agreement). The Lessor will provide the Lessee with a new measurement report no later than 13 April 2022.

Leased Real Property. The Data Room sets forth a complete list of all leasehold or subleasehold estates and other material rights of the Acquired Companies to possess, use or occupy (or to grant others the right to possess, use or occupy) any land, buildings, structures, improvements, fixtures or other interest in real property (“Leased Real Property”), and all leases, subleases, licenses or other similar Contracts related thereto. With respect to each Leased Real Property, except as disclosed in the Data Room, there are no leases, subleases, licenses or other similar Contracts granting to any other Person the right of use or occupancy of any portion of such Leased Real Property. The Sellers have provided to the Buyer a true, correct and complete copy of each of its leases, subleases, licenses and other similar Contracts for Leased Real Property (each, a “Real Property Lease”). During the last 18 months, none of the Acquired Companies has received or given any notice of any default or event that with notice of lapse of time, or both, would constitute a default by such Acquired Company under any Real Property Lease or sublease and, to the Knowledge of the Acquired Companies, no other party is in default thereof, and no party to any lease or sublease has exercised any termination rights with respect thereto.

Leased Real Property. [Section 5.5(b)(i)] of the Sellers Disclosure Letter sets forth a complete list of all leasehold or sub-leasehold estates and other material rights of the Group Companies to possess, use or occupy any land, buildings, structures, improvements, fixtures or other interest in real property (“Leased Real Property”), and all leases, subleases, licenses or other similar Contracts related thereto. With respect to each Leased Real Property, there are no leases, subleases, licenses or other similar Contracts granting to any other Person the right of use or occupancy of any portion of such Leased Real Property. The Sellers have provided to the Buyer a true, correct and complete copy of each lease, sublease, license and other similar Contracts for Leased Real Property (each, a “Real Property Lease”). During the last 12 months, none of the Group Companies has received or given any notice of any default or event that with notice of lapse of time, or both, would constitute a default by such Group Company under any Real Property Lease or sublease and, to the Knowledge of the Sellers, no other party is in default thereof, and no party to any lease or sublease has exercised any termination rights with respect thereto.

Leased Real Property. [Section 3.17(a)] of the Disclosure Schedules sets forth a list of all leases (each a “Material Real Property Lease”) of real property (such real property, the “Leased Real Property”) pursuant to which a Group Company is a tenant as of the Effective Date, except for any lease or agreement pursuant to which a Group Company holds Leased Real Property for which the aggregate annual rental payments do not exceed $2.5 million. Each Material Real Property Lease is valid and binding on the Group Company party thereto, enforceable in accordance with its terms (subject to proper authorization and execution of such Material Real Property Lease by the other party thereto subject to the Bankruptcy and Equity Exception), except as would not have a Company Material Adverse Effect. Each Group Company, and, to the knowledge of Sellers, each of the other parties thereto, has performed in all material respects all material obligations required to be performed by it under each Material Real Property Lease. No Group Company has entered into any written or oral subleases, concessions or other contracts granting to any Person other than a Group Company the right to use or occupy any Leased Real Property. No Group Company has granted to any Person other than a Group Company any options or rights of first refusal to purchase all or a portion of such properties.

Description of Leased Property. The Leased Property demised pursuant to Article I of the Master Lease is that property located at the following street address:

Ownership of the Leased Property. Lessee acknowledges that the Leased Property is the property of Lessor and that Lessee has only the right to the possession and use of the Leased Property as a lessee of Lessor and upon and subject to the terms, provisions and conditions of this Lease.

Condition of the Leased Property. Lessee acknowledges receipt and delivery of possession of the Leased Property and that Lessee has examined and otherwise has acquired knowledge of the condition of the Leased Property prior to the execution and delivery of this Lease and has found the same to be satisfactory for its purpose hereunder. Lessee is leasing the Leased Property “as is” and “where is” in its present condition. Lessee has not relied on any representation or warranty by Lessor and hereby waives any claim or action against Lessor in respect of the 4834-1440-2281v12

Use of the Leased Property. Each Property shall be used and operated as a healthcare facility or in such manner as is consistent with its current use and for such other legal ancillary uses as may be necessary in connection with or incidental to such uses and, in each case, subject to all covenants, restrictions, easements and all other matters of record (including those set forth in the Permitted Exceptions) relating to the applicable Property (individually with respect to each Property, and collectively as to all Properties, the “Primary Intended Use”). Lessee shall be in material compliance with all Legal Requirements and Healthcare Laws and shall maintain all material Licenses and Participation Agreements, including, but not limited to, Medicare and/or Medicaid certifications, provider numbers and agreements, certificates of need, governmental approvals, and full accreditation from all applicable governmental authorities, if any, that are necessary for the operation of the Business with respect to the applicable Property consistent with the Primary Intended Use; provided, however, that the foregoing shall not restrict a Facility Lessee from terminating, amending, restating, extending, supplementing, or modifying any Participation Agreement in the ordinary course or as may be required by applicable law (other than any termination of any Participation Agreement relating to rights to payment or reimbursement from Medicare, which termination is hereby expressly prohibited).

LEASED PREMISES. Landlord leases to Tenant and Tenant leases from Landlord the Premises shown in Exhibit A (the “Premises”), containing approximately the floor area set forth in Item 8 of the Basic Lease Provisions (the “Floor Area”). The Premises are located in the building identified in Item 2 of the Basic Lease Provisions (the “Building”), which is a portion of the project described in Item 2 (the “Project”). Landlord and Tenant stipulate and agree that the Floor Area of Premises set forth in Item 8 of the Basic Lease Provisions is correct.

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