Sentences with phrase «obligations under the lease»

Con Ed said it would follow its «legal obligations under the lease» and not consider outside factors.

That's because residents like to know what happens if they don't perform an obligation under the lease, and landlords like to know what their options and procedures are in a specific set of circumstances.

Upon such termination, the lessor may recover from the lessee: (1) The worth at the time of award of the unpaid rent which had been earned at the time of termination; (2) The worth at the time of award of the amount by which the unpaid rent which would have been earned after termination until the time of award exceeds the amount of such rental loss that the lessee proves could have been reasonably avoided; (3) Subject to subdivision (c), the worth at the time of award of the amount by which the unpaid rent for the balance of the term after the time of award exceeds the amount of such rental loss that the lessee proves could be reasonably avoided; and (4) Any other amount necessary to compensate the lessor for all the detriment proximately caused by the lessee's failure to perform his obligations under the lease or which in the ordinary course of things would be likely to result therefrom.

Those events are the settlement of VXGN's obligations under its lease of facilities in South San Francisco and the awarding of a procurement contract by the U.S. government to Emergent BioSolutions for which VXGN is eligible to receive certain milestone and royalty payments.

These events relate primarily to settlement of VaxGen's obligations under its lease of facilities in South San Francisco, and to the potential award of a procurement contract to Emergent BioSolutions (NYSE: EBS) by the U.S. Government for which VaxGen is eligible to receive milestone and royalty payments in connection with Emergent BioSolutions» May 2008 acquisition of VaxGen's recombinant protective antigen (rPA) anthrax vaccine product candidate and related technology.

However, the LLC or the corporation is still liable for the obligations under the lease for the balance of the term or until the landlord finds another tenant.

You have the right to correct any breach against the landlord, including back rent, repairs, or to fulfill any remaining obligations under the lease.

(a) whether the patio was a common element or common area of the shopping centre that the landlord had a contractual obligation under the lease to maintain for ice and snow,

A number of landlords of these stores took parent company guarantees from PRG in respect of Powerhouse's obligations under the leases.

In any event a tenant considering such a gamble would do well to remember that the sympathy of the court is a real factor in litigation, and a party seeking to avoid its obligations under a lease would be unlikely to have its benefit.

You might be the victim of a constructive eviction which might release you from your obligations under the lease.

That's because residents like to know what happens if they don't perform an obligation under the lease, and landlords like to know what their options and procedures are in a specific set of circumstances.

If a tenant successfully negotiates for the right to «go dark,» the landlord will insist the tenant nevertheless be obligated to fulfill all of its monetary obligations under the lease.

However, the indemnifier in this scenario may be unable to fulfill the obligations under the lease (pay rent!).

In that event, the original lessor will remain liable for all obligations under the lease.

In the current economic climate, it is likely that landlords will encounter greater challenges in ensuring that tenants» obligations under their lease agreements are fulfilled.

Inquiring as to whether the tenant has the financial capacity to meet its financial obligations under the lease is also imperative.

If your lease required truth in answering the questions, failure to enforce such a provision could cause you to have waived a number of other rights and obligations under the lease, as well as open you up to liability.

Not exact matches

... Although June 15, 2015 is the day that several laws creating our rent stabilization system are set to expire, your legal obligations under existing leases and under the passage of the new rent stabilization program will not expire on that day; and any attempt to circumvent those responsibilities will face the full brunt of the law and all legal consequences.»

Such statements reflect the current views of Barnes & Noble with respect to future events, the outcome of which is subject to certain risks, including, among others, the general economic environment and consumer spending patterns, decreased consumer demand for Barnes & Noble's products, low growth or declining sales and net income due to various factors, including store closings, higher - than - anticipated or increasing costs, including with respect to store closings, relocation, occupancy (including in connection with lease renewals) and labor costs, the effects of competition, the risk of insufficient access to financing to implement future business initiatives, risks associated with data privacy and information security, risks associated with Barnes & Noble's supply chain, including possible delays and disruptions and increases in shipping rates, various risks associated with the digital business, including the possible loss of customers, declines in digital content sales, risks and costs associated with ongoing efforts to rationalize the digital business and the digital business not being able to perform its obligations under the Samsung commercial agreement and the consequences thereof, the risk that financial and operational forecasts and projections are not achieved, the performance of Barnes & Noble's initiatives including but not limited to its new store concept and e-commerce initiatives, unanticipated adverse litigation results or effects, potential infringement of Barnes & Noble's intellectual property by third parties or by Barnes & Noble of the intellectual property of third parties, and other factors, including those factors discussed in detail in Item 1A, «Risk Factors,» in Barnes & Noble's Annual Report on Form 10 - K for the fiscal year ended April 30, 2016, and in Barnes & Noble's other filings made hereafter from time to time with the SEC.

She's spoken with her landlord, but they're under no legal obligation to allow her to exit the lease.

You are under no obligation to apply for or to lease any particular apartment, even after viewing it.

However, at the end of your lease, he's under no obligation to renew that lease under the current terms and conditions, nor even at all.

An «assumption» occurs when a debtor agrees to continue performing obligations under a contract or lease.

The term includes any contract in the form of a bailment or lease if the bailee or lessee contracts to pay as compensation for use a sum substantially equivalent to or in excess of the aggregate value of the property or services involved and it is agreed that the bailee or lessee may become for no other or a nominal consideration the owner of the property upon full compliance with the bailee's or lessee's obligations under the contract.

Those committments are $ 2.0 M minimum lease payments under the company's operating leases and $ 7.5 in purchase obligations.

The lawsuit also challenges the failure of the agency to meet its obligation under NEPA to consider leasing fewer and less sensitive areas with potential lower impacts to the wildlife and other public values of the Western Arctic.

If the landlord knew about the upcoming repairs when I signed my lease, were they under obligation to tell me?

The provisions in existing leases may affect the statutory obligations of landlords under the MEES Regulations and may affect the position of the Landlord in dealing with the MEES Regulations.

«For satellite dish installation permission — # 500 plus surveyor's fee for inspecting channels» CLRA 2002, Sch 11 gave tenants the right to challenge the liability to pay and reasonableness of an administration charge — for example, for consent to installation of a satellite dish or carrying out of building works, on providing information or documents or in respect of a failure to make payment under the lease — at a LVT and, ahead of service charges, obligated the landlord to serve, with a demand for the payment of the charge, a summary of the tenant's rights and obligations.

After reviewing the course of action that the owner took upon learning about the smoking complaints (including attempts to negotiate an early termination of the lease), the Judge concluded that the owner had satisfied his obligation under section 119 of the Condominium Act, 1998 as he had taken all reasonable steps to ensure the tenants complied with the corporation's rules.

The courageous argument of the tenants — or at least one of the two who participated in the second tier appeal, the landlords being unrepresented after two previous outings at which they were victorious and submissions being made by an advocate to the court — was that the landlords had been under an obligation to mitigate their loss and had failed to do so by forfeiting the lease despite knowing of the tenants» plight.

If the lease has expired and the tenant does not have an option then the landlord is under no obligation to offer a new lease; they do not have to give any reason.

Kirk Reynolds QC appears as leading counsel for the appellant, and Elizabeth Fitzgerald as Junior Counsel for the respondent, in an appeal concerning a claim for specific performance of an obligation to carry out works under a lease.

We are experienced in advising on all elements of dispute, including rent arrears, rights arising under the lease and clarification of responsibilities and obligations.

She's spoken with her landlord, but they're under no legal obligation to allow her to exit the lease.

You are under no obligation to apply for or to lease any particular apartment, even after viewing it.

However, at the end of your lease, he's under no obligation to renew that lease under the current terms and conditions, nor even at all.

She adds that while start - ups at The Vine are under no obligation to lease space from The Irvine Company in the future, so far, graduates of the San Diego program have leased 115,000 sq. ft. in the company's buildings so far.

In general, real estate salespeople and leasing agents must ensure that sellers and landlords are aware of their obligations under the law.

They gave you notice by telling you they didn't want to renew so I would think you are under no obligation to continue leasing to them and under no obligation to pay the relocation fee.

As frustrating as it can feel, unfortunately, unless it's written into your lease, your property manager is under no obligation to assist with issues between neighbors.

If this agreement expires while the property is under contract, Owner's obligations under this Agreement continue through the execution of any lease.