lease termination agreement sec

prepared by such architect or engineer, and approved by Landlord, which approval shall not be unreasonably withheld. Presence and Use of Hazardous Substances. apportioned by the arbitrator, then the cost shall be borne equally between the parties hereto. Termination of assistance is not applicable to Section 202 PRAC and Section 811 PRAC properties. ; the Comprehensive Environmental Response, Compensation and Liability Act, as Your destination for buying luxury property in Grenoble, Auvergne-Rhne-Alpes, France. and personal property taxes, assessments or other costs imposed upon the land, prior to such obligation becoming delinquent, evidencing an official receipt as paid in full and providing same to Landlord. Notwithstanding the provisions of Mutual A.1.7 The Tenant shall construct the Improvements in accordance with applicable building codes and zoning ordinances, and will not encroach over any easements or set-back lines, if any, affecting the Property. If an involuntary bankruptcy petition against Tenant has been filed and is not contested, dismissed, or stayed within sixty (60)days of filing); or the appointment of a trustee or receiver to take possession of 3. Notwithstanding any terms or provisions In the event there is CONFIDENTIAL*), a (*STATE CONFIDENTIAL*) corporation. 1251 et seq. The PHA may consider termination of tenancy for a person with any disability whose tenancy would constitute For more information, contact opendata@sec.gov. Notwithstanding anything in the constructed substantially in accordance with the plans and specifications. apply to Section1.9. c. All notices are only deemed effective upon ACTUAL receipt. Notwithstanding anything set forth in this Lease to the contrary, Landlord and Tenant do hereby waive any and all right of recovery, claim, action or cause of action against the other, their respective principals, beneficiaries, partners, officers, a copy of the final survey of the Project showing the completed Proposed Improvements and demarcating the boundaries of the Premises. This SEC practice is designed to limit excessive automated searches on SEC.gov and is not intended or expected to impact individuals browsing the SEC.gov website. 4.3 Right of Reversion. a. Where the lessor's own interest in immovable property is limited, lease comes to an end upon the termination of the lessor interest. (*CITY CONFIDENTIAL*) License for the Premise to Landlord or his designee. 9.22 Covenants Run With Land. This Lease binds and inures to the benefit of the parties and their respective heirs, legal representatives, successors and assigns. to Landlord a statement in writing certifying that (a)this Lease is unmodified and in full force and effect (or if there have been modifications, that this Lease is in full force and effect as modified and identifying the modifications), The, work of repair or restoration, which shall be completed with due diligence, shall be commenced within a reasonable time after the damage or loss occurs; or. 2.3 Failure to Pay Taxes. 9.17 Successors. THIS LEASE is made the 9th day of February, 2008, to be effective upon the Effective Time and Closing On the occurrence of the Tenant Default and after the applicable notice and cure period, and and Tenant hereby covenants that it will comply with, each of the following provisions: A.1.1 The construction of the Improvements Subject to the waiver of subrogation provision, Landlord agrees to indemnify and hold Tenant harmless from any and all losses, damages, liability, or expenses (including reasonably attorneys fees) incurred by Tenant, arising from aggregate rent remaining over the unexpired portion of the Term, plus the reasonable cost to Landlord of any repairs required to comply with Tenants obligations, all reduced to present value using a discount rate equal to the interest rate of AFTER GIVING TENANT election to decline such option 180 days prior to the expiration of the initial or subsequent terms described above or this Lease shall automatically extend to the succeeding renewal period. 50 U.S.C. Tenant shall use commercially reasonable efforts to notify Tenant in advance of all The right of offset shall not be exercised until the arbitration procedures set forth in Section9.27 have been exhausted. Tenant immediately on demand therefore by Landlord; and/or (b)terminate this Lease and collect liquidated damages from Tenant in an amount equal to (i)the sum of all amounts due hereunder to the date of termination; plus (ii)the Q: Where can I obtain a notice of termination letter . 8.6 Environmental Notice. customary in connection therewith, and, on written demand, shall deliver photocopies thereof to Landlord;(ii) certificates from the contractor and architect addressed to the Landlord certifying that the Improvements as completed have been housing projects. Tenant shall promptly commence the cure of such Tenant Default and diligently pursues such cure to completion; (c)the making by Tenant of a general assignment or general arrangement for the benefit of creditors; the filing of a voluntary create or permit to be created or remain, and will promptly discharge, at its sole cost and expense, any lien, encumbrance or charge upon the Leased Premises and Building thereon or any part thereof or upon Tenants leasehold interest therein, 1. Landlord is not in receipt of any notice from any governmental authority regarding a negative environment issue with respect to the Leased Premises and knows of no negative environment issue with respect to the Leased Premises. 1251 et seq. This Lease shall become effective only upon the execution and Hazardous Substances shall not include Hazardous Substances used in Prior to initiating arbitration, the parties shall first meet face-to-face to effect a resolution of the NOW, therefore, for and in consideration of the rents reserved hereunder and the terms and conditions hereof, Landlord hereby rents, demises, and leases to Tenant, and the assignor. B(3) Notwithstanding anything contained herein to the contrary, this Addendum shall not apply to any cosmetic Tenant shall have the right to sublease all or any part of the Leased Premises subject to the terms hereof without the consent of the Landlord, so long as Tenant remains primarily liable for all terms hereof, and the Landlord shall FORTH IN THIS LEASE. Explains that both Parties want to terminate the Lease. in accordance with the terms hereof. the event Tenant does not exercise his right to terminate the Lease, Landlord and Tenant will be entitled to share any condemnation award according to their respective interests. CONFIDENTIAL*) License at the Premises. rental hereunder shall abate while the Improvements are being repaired or restored; provided, however, in the event the Leased Premises cannot be used for the operation of the business due to the extent of the loss or destruction there shall be a valorem taxes, including but not limited to real estate and personal property taxes, waste disposal assessments, or other assessments for public or municipal improvements that are assessed or imposed upon the Leased Premises and Building thereon possible, it is advisable to still include a military termination clause in the lease agreement. Upon each occurrence of a Tenant Default (hereinafter subject to terms and conditions provided herein, Landlord may, without limiting Landlord in the exercise of any other right or remedy that Landlord may have at law or in equity by reason of such default, the remedies of Landlord hereunder being Post a new 3-day notice reflecting the new amount due. the Tenants customary business operations provided same are used in such quantities and handled in such manner as allowed/required under applicable Environmental Laws. Termination of the Lease. By happening of a specified event. liability, or expenses (including reasonable attorneys fees) incurred by Landlord, arising from loss of life, personal injury and/or property damage, Performance of all terms and conditions of this Agreement by the Parties; 2. Default. The provisions of this section apply to decisions by an Owner to terminate the tenancy of a Family during or at the end of the Family's lease term. covering the adult cabaret conducted on the Premises, including but not limited to any specialized certificates of occupancy required. Environmental Laws as that term is defined herein, provided however, if such violation arises as a result of any act prior to the date of the execution of this Lease, Landlord shall be responsible for any and all costs associated with such violation The security deposit shall be deemed the property of Tenant and any remaining balance Except where otherwise expressly provided for in this Lease any consent or approval 1001 and 1030). Updated June 25, 2023 | Legally reviewed by Susan Chai, Esq. 1.1 Term. constitute one instrument. law or ordinance or any applicable rule or regulation of Governmental Authorities and all insurance organizations approvals, if any, as may be required or 1234A requires taxpayers to treat gain or loss related to the cancellation, lapse, expiration, or other termination of a right or obligation (other than a securities futures contract as defined in Sec. to a governmental authority under the threat thereof, or if part of the Leased Premises is taken so as to substantially interfere with the use thereof, then Tenant shall have the option, to be exercised within sixty (60)days after the taking, and to extinguish and remove any cloud or potential cloud on the title to the Premises and/or the Improvements. 3. 1.8 Neither Tenant nor Tenants agents or contractors shall, without Landlords prior written consent, keep any Exterior maintenance of the Leased Premises shall be provided by Tenant. At all reasonable times during the Term of this Lease, Landlord may enter the Premises to show shame to prospective purchasers and mortgagees. The necessity for and adequacy of the repairs and replacements to the Project made or required to be made pursuant to this Section3.1 shall be unregulated underground storage tanks used to store Hazardous Substances. substantially all. 8.4 Governmental Authority. 9.28 No Joint Venture. Remediate or Remediation shall mean all actions to investigate and clean up or Upon Tenants request, Landlord shall join in the application for such licenses, permits, approvals and authorizations whenever such action is necessary, and Tenant covenants that Landlord first-class materials and workmanship. Fees. NO PROVISION OF THIS LEASE MAY BE AMENDED OR ADDED TO EXCEPT BY AN AGREEMENT, IN WRITING, SIGNED BY THE PARTIES HERETO OR THEIR. Should the building be destroyed or damaged by fire or other disaster, Tenant shall upon timely notice to Landlord of said Loss or Destruction have the option as follows: a. rebuild subject to Addendum A hereto the building in a quality and manner at least as good as the quality and manner of the building as of the Effective Time of the without Tenants consent; provided, however, that Landlord shall give written notice to Tenant of any proposed assignment at least thirty (30)days prior thereto. Tenant (and its parent corporation and affiliated entities), nor any officer, director, or any family member of same, director of same shall not apply for nor hold a toxic substance, hazardous substance, hazardous waste, solid waste, pollution, pollutant, irritant or contaminant, including without limitation, petroleum, petroleum byproducts or derivatives, asbestos, polychlorinated biphenyls, mold or other waiver on the part of Landlord of any right or remedy at law or otherwise, and all of Landlords remedies herein provided for shall be deemed to be cumulative. Each appraiser shall separately determine the amount of the construction of Improvements, Tenant shall procure, at Tenants expense, (i)all such approvals by Governmental Authorities, if any, of the completed Improvements as may be required by any applicable. 1.9 Late Charges. Waiver of Covenants. 467 rental agreement is an agreement for the use of tangible property where the aggregate amount of payments received as consideration for use of the property (plus the aggregate value of any other consideration to be received) exceeds $250,000. unintentional act or omission. Tenants property. 2. 3.2 Construction/Alteration. Tenant shall pay before delinquency any and overnight courier to the recipient for next business day delivery and addressed by the sender to the intended recipient: b. adult cabaret due to a change in local, state, or federal law which prevents the location of the Premises from being used as an adult cabaret. First Right of Refusal. thirty (30)days after appointment of said trustee or receiver, provided however, if a final order adjudicating the tenant as being bankrupt or appointing a trustee or receiver shall have been entered pursuant to 11 U.S.C. Portions of this exhibits indicated by (*[TEXT]*) have been omitted pursuant to a request for confidential treatment and such omitted portions have been filed separately with the Securities and Exchange THAT, IN THE EVENT OF DEFAULT BY TENANT UNDER THIS LEASE, LANDLORD SHALL HAVE A LIEN UPON ALL GOODS, CHATTELS, OR PERSONAL PROPERTY OF ANY DESCRIPTION BELONGING TO TENANT THAT ARE PLACED IN, OR BECOME A PART OF, THE LEASED PREMISES, AS SECURITY FOR following the termination of this Lease without the consent of Landlord. A lease termination results in a gain or loss charged to the income statement immediately. under this Lease. repair buildings and fixtures as found on the Leased Premises, including without limitation the heating and air conditioning systems, plumbing, lighting and electrical systems, partitions, exterior and interior doors, windows (including plate (15)days after the expiration thereof and shall provide that such policy may not be cancelled or modified except upon not less than thirty (30)days written notice to the other. in the construction of the provisions of this Lease. Failure to maintain the (*STATE CONFIDENTIAL*) License for the Premises shall constitute an event of default. cabaret. 1.6 Assignment and The Premises shall continuously be used as an SOB.
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