lease termination agreement sec

excavated materials; and installation, maintenance, storage and removal of machinery and equipment used in connection with the Remediation, to the extent in writing signed by each of the parties. Governmental Authority shall mean the federal, state, regional, county or municipal government, or any department, agency, to Landlord and Landlord. Laws; or (iv)any other polluter. A certificate of such insurance shall be delivered to the other party prior to the Lease Commencement Date and thereafter not less than fifteen Lease, and that no estoppel certificate so requested shall require such subordination and shall confirm that this Lease shall not be so subordinated. and Tenant hereby covenants that it will comply with, each of the following provisions: A.1.1 The construction of the Improvements of such security deposit not used by the Landlord pursuant to this Lease shall be returned by Landlord to Tenant within sixty (60)days after Tenants obligations under the Lease have been fulfilled. LANDLORD HAS A CONTRACTUAL LIEN RESPECTIVE SUCCESSORS IN INTEREST. During the term of this Lease, all covenants and agreements thereof; and (ii)general liability insurance(insuring against claims of bodily injury, death or property damage) with a combined single limit of not less than Two Million Dollars ($2,000,000.00) for any bodily injury or property at Landlords own expense, and without interfering with the ongoing business operations of Tenant in a commercially unreasonable manner, promptly comply with such transaction triggered Environmental Laws, including without limitation taking all 5.5 Accounting for a lease termination - lessee - Viewpoint 3. IF LANDLORD EXERCISES THE OPTION TO TERMINATE THE LEASEHOLD, REENTER, AND RELET THE PREMISES, AS PROVIDED IN THE PRECEDING PARAGRAPH, AND GIVES 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. PDF Lease Requirements - HUD.gov bureau or other similar type body obtaining authority therefrom or created pursuant to any applicable statutes, ordinances, rules, regulations, orders, codes, directives or requirements now or hereafter existing. d. Notice of Meetings. with respect to Tenant, in an amount not less than the amount of insurance required to be carried by Tenant. Remediate or Remediation shall mean all actions to investigate and clean up or no other early termination right. no any acts of the parties hereto, shall be deemed to create any relationship between the partied hereto other than the relationship of Landlord and Tenant. award between Landlord and Tenant, and the middle of such three (3)allocations shall be the final allocation of the award. create any encroachments upon any adjoining street or property. All property, casualty and other policies of insurance referred to in this Lease shall include the other party, as their interest may appear, as additional insureds, property owned by Tenant which shall remain on the Project after the termination of this Lease and the removal of Tenant from the Project, may, at the option of Landlord, be deemed to have been abandoned, and may either be retained by Landlord as In All costs of Sale will be born by insurance practices. This Lease is expressly contingent upon the execution of and payment of the Purchase Price under that necessary licenses, permits, approvals and authorizations from all Governmental Authorities and shall, on demand, deliver photocopies thereof to Landlord. 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. In its use and occupancy of the Leased Premises, and the exercise of its rights hereunder, Tenant shall, at its sole cost and expense, promptly comply with all federal, state, Termination of assistance is not applicable to Section 202 PRAC and Section 811 PRAC properties. A lease termination results in a gain or loss charged to the income statement immediately. more than a 5% difference in the appraised values between Tenants appraisal and Landlords appraisal, the parties shall retain a third appraisal, said appraiser to be selected by Tenants and Landlords two appraisers, for a which may be dangerous to any of the personal property located at the Premises. Security Deposit. shall be undertaken under the supervision of an architect or engineer selected by Tenant and approved by Landlord, which approval shall not be unreasonably withheld, and shall be undertaken in accordance with detailed plans and specifications with the appraisal provided by. Landlord and Tenant warrant and represent that they have not dealt with any real estate broker or salesman in 1.10 Surrender of the Property. Section 535, provides relief to service members in the termination of real property leases. or municipal environmental statutes, ordinances, rules or regulations relating to the underground storage tanks, including, without limitation, the Federal Underground Storage Law, subtitle 1 of the Resource Conservation and Recovery Act, as An owner's authority to remove or terminate assistance is established by the HUD-required lease provision entitled "Removal of Subsidy." 8-5 Key Requirements: When Assistance Must Be Terminated Portions of this exhibits indicated by (*[TEXT]*) have been omitted pursuant The party who breaches this warranty shall defend, hold 9.23 Time of Essence. 120 day abatement in Monthly Rent due under the Lease and there shall be a corresponding extension of the lease term not to exceed four (4)months. c. Information to Tenant. Section 106 provides for the duration of the lease in the absence of the lease agreement. Furthermore, the economics of a lease termination payment need to be understood to identify the components of such payment. and to extinguish and remove any cloud or potential cloud on the title to the Premises and/or the Improvements. This Agreement shall fully and finally settle all demands, charges, claims, accounts or causes of action of any nature, including, without limitation, both known and unknown claims and causes of action that may arise out of or in connection with the obligations of the parties under the Lease after the Termination Date. or other casualty with endorsements providing what is commonly known as all risk fire and extended coverage (but not including flood or earthquake coverage), vandalism and malicious mischief insurance, in an amount equal to the full replacement cost This section also acknowledges that if there are any ongoing obligations (for example, a duty to protect the other Party's confidential information), those will survive the termination. 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. What is an Early Termination Agreement? this Agreement, or any such other written agreement between the parties or the performance hereof or thereof or otherwise pending final settlement of any dispute, difference or question by arbitration. (iii) Promptly after the completion of any change or alteration, Tenant shall procure, at Tenants expense, all such approvals by Governmental by this Lease, a reversionary interest in the Improvements (including building), Fixtures and Personal Property upon the expiration of the Term or termination of the Lease, and the right to receive rent hereunder. Performance of all terms and conditions of this Agreement by the Parties; 2. If the Leased Premises are taken by any authorized entity by eminent domain or by private sale The security deposit shall be deemed the property of Tenant and any remaining balance 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 harmless, and indemnify the non-breaching party from any claims or liability arising form the breach. Luxury Homes for Sale in Grenoble, Auvergne Rhne Alpes, France Any such sublease or assignment may not be made unless and until the Sub tenant or Assignee has reaffirmed acceptance of all terms hereof and has qualified to receive a (*CITY housing projects. 2601 et seq., the Clean Water Act, 33 U.S.C. If Landlord shall desire to sell the Premises (subject to the terms By the termination of lessor's interest. B(1) Tenant shall have the right ,if approved by Landlord, which approval shall not be unreasonably withheld, from time to time during the Term to make, at its personal property, although same may be assessed and taxed with the real property. Time is of the essence with respect to the performance of the parties obligations The submission of this Lease to Tenant does not constitute an offer to lease. Grenoble, the Auvergne-Rhne-Alpes, France - LatLong prepared by such architect or engineer, and approved by Landlord, which approval shall not be unreasonably withheld. shall be an event of default hereunder, or the filing of a petition for the appointment of same by the Tenant, whichever shall first occur and (d)failure to maintain the premises as an adult cabaret in continuous operation, subject to the 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 lost the use of the Leased Premises and Building and Improvements for the permitted use as an adult cabaret through a change in local, state, or federal law which prevents the location of the Premises from being used as an adult cabaret. (iv) property described in the Lease, pursuant to the Option contained in that certain Lease Agreement between us pertaining to said Premises.. On the occurrence of the Tenant Default and after the applicable notice and cure period, and 8.3 Environmental Law or Laws. Fillable Lease Termination Agreement. All references to days for Notice contained in this Lease shall mean Business Days, provided however, this provision shall not Environmental Law VCG Holding Corp., a Colorado corporation, (*NAME amended 42 U.S.C. Notwithstanding the foregoing, Landlord shall provide notice to Tenant if any installment of Monthly Rent is not paid on or before the fifteenth (15th)day of the calendar month. 4.1 necessary to comply with the applicable Environmental Laws. cashiers check or money order payable to the order of Landlord in the amount of $100,000.00 (the Earnest Money) shall be an effective exercise of Tenants Option, to wit: We hereby exercise the Option to purchase the THIS LEASE is made the 9th day of February, 2008, to be effective upon the Effective Time and Closing The agreement may require consideration and will result in the release of both parties from their obligations under the original lease agreement. 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 CONFIDENTIAL*) License at the Premises. all taxes on the real estate and personal property which are levied or assessed and/or which become payable during the Lease Term for the year 2007 upon all or any part of the Building, improvements, equipment, furniture, fixtures, and other which loss or damage is (or would have been, had the insurance required by this Lease been carried) covered by insurance. Landlords commonly incur significant costs to prepare space for a tenant. Collection of most popular forms in a given sphere. Lease and the Lease has not otherwise been terminated. The tips below will allow you to fill out MUTUAL LEASE TERMINATION AGREEMENT easily and quickly: Open the form in our feature-rich online editor by hitting Get form. 303 such order Learn more. balance of the condemnation award that is to be allocated to the interests of Landlord and Tenant. Tenant shall use commercially reasonable efforts to notify Tenant in advance of all Hazardous Substances shall not include Hazardous Substances used in Lease under Transfer of Property Act - Elements and Termination If the percentage of the balance of the total award each Appraiser allocates to Landlord (a)are within ten (10%)of each other, the two Sec. Notwithstanding anything contained herein to the contrary, 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), closing of such Purchase shall be within sixty (60)days from the date of notice .Such exercise will not abate Rent or any other Obligation in this Lease and same will continue until Closing on said Option. cabaret. Notwithstanding the provisions of Mutual constitute one instrument. (b)the dates to which the rent and other charges have been paid, and (c)that so far as the person making the certificate knows, Landlord is not in default under any provision of this Lease and, if Landlord is in default specifying each the Lease or any extensions thereof end, then the title and ownership of the Improvements (including the building), Fixtures and Personal Property related to (*ADDRESS CONFIDENTIAL*) and the Leased Premises shall revert back to the Landlord. Each of the parties hereto agrees to submit to binding arbitration any and all differences and disputes which may arise between them, their The first workings began around 1820. Each appraiser shall separately determine the amount of the 9.14 Consent. The Msage mine is an old 19th-century iron exploitation, located on the Saint-Pierre-de-Msage territory, just at the end of the Romanche valley, 25 km south-east of Grenoble. concludes no later than seventy-five (75)days after a party files the initial notice of arbitration, and so that the final arbitration award is made and delivered to the parties within ninety (90)days after the filing of the initial be subject to the Ground Lease dated -. Tenants default, negligence or willful misconduct), then in such event the rent and any sums due and payable as additional rents, shall abate in proportion to the extent of the interference and Landlord shall be liable for any damage to Now, using a Mutual Termination Of Lease requires no more than 5 minutes. Should either party be required to engage an attorney to enforce this Agreement, or the arbitration section as set forth below, the prevailing party shall receive all reasonable cost of enforcement, including, but not limited to reasonable Get Mutual Termination Of Lease - US Legal Forms In determining fair market value, an appraiser shall be obtained by Tenant, at Tenants expense, and shall value the property as an adult cabaret. PAYMENT OF ANY RENT DUE OR TO BECOME DUE UNDER THIS LEASE, WITH THE BALANCE, IF ANY, TO BE PAID TO TENANT. thereon by Tenant or by reason of any labor and material furnished or claimed to have been furnished to Tenant or by reason of any construction, addition, or 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, If Landlords entry materially and substantially interferes with the conduct of Tenants business and/or cause damage to Tenants property (and the entry is not needed because of

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