Grouped Into 43 Collections of Similar Clauses From Business Contracts
This page contains Recitals clauses in business contracts and legal agreements. We have organized these clauses into groups of similarly worded clauses.
Recitals. The foregoing recitals are hereby incorporated into this Amendment by reference, as if fully set forth in this first paragraph. Capitalized terms not otherwise defined herein shall have the same meaning set forth in the Sublease. As of the Second Amendment Effective Date (as defined below), the term "Sublease" shall mean the Sublease, as amended by this Amendment.
Recitals. The foregoing recitals are hereby incorporated into this Amendment by reference, as if fully set forth in this first paragraph. Capitalized terms not otherwise defined herein shall have the same meaning set forth in the Original Sublease. As of the Second First Amendment Effective Date (as defined below), Date, the term "Sublease" shall mean the Original Sublease, as amended by this Amendment.
Recitals. The foregoing recitals are true and correct in all material respects and are hereby incorporated herein as a material part of this Agreement.
Recitals. The foregoing recitals are true and correct in all material respects and are hereby incorporated herein as a material part of this Agreement. Addendum.
Recitals. The foregoing recitals set forth hereinabove are hereby incorporated herein by this reference and made a part hereof, with the same force and effect as if fully set forth. forth herein.
Recitals. The recitals set forth hereinabove above are hereby incorporated herein by this reference with the same force and effect as if fully set forth. forth hereinafter.
Recitals. The following Recitals apply to this Guaranty. A. Lender and Lavender Fields, LLC, a New Mexico limited liability company, are parties to a Loan Agreement dated the same day as this Guaranty (the "Loan Agreement"), under the terms of which Lender agreed to lend to Borrower, and Borrower agreed to borrow from Lender, up to the principal amount of $3,750,000.00 for the purposes set forth in the Loan Agreement (the "Loan"). B. Pursuant to the Loan Agreement, Borrower has signed and delivered to Len...der a Non-Revolving Line of Credit Promissory Note dated the same day as this Guaranty in the original principal amount of $3,750,000.00 (the "Note"). C. The Note is secured by, among other things, a Mortgage, Security Agreement and Financing Statement dated the same day as this Agreement (the "Mortgage"), given by Borrower to Lender. D. Guarantor's execution of this Guaranty is one of the conditions precedent to Lender's obligations under the Loan Agreement.View More
Recitals. The following Recitals apply to this Guaranty. A. Lender and Lavender Fields, Las Fuentes Village II, LLC, a New Mexico limited liability company, company (the "Borrower"), are parties to a Loan Agreement dated the same day as this Guaranty (the "Loan Agreement"), under the terms of which Lender agreed to lend to Borrower, and Borrower agreed to borrow from Lender, up to the principal amount of $3,750,000.00 $2,750,000.00 for the purposes set forth in the Loan Agreement (the "Loan"). B. Pursuant... to the Loan Agreement, Borrower has signed and delivered to Lender a Non-Revolving Line of Credit Promissory Note dated the same day as this Guaranty in the original principal amount of $3,750,000.00 $2,750,000.00 (the "Note"). C. The Note is secured by, among other things, a Mortgage, Security Agreement and Financing Statement dated October 11, 2019, and recorded in the same day real property records of Sandoval County, New Mexico on October 11, 2019, as this Agreement (the "Mortgage"), given Document Number 2019023774, made by Borrower to Lender. in favor of Lender (the "Mortgage"). D. Guarantor's execution of this Guaranty is one of the conditions precedent to Lender's obligations under the Loan Agreement. View More
Recitals. Each of the parties hereto acknowledges and agrees that the recitals set forth above in this Amendment are true and accurate and are hereby incorporated into and made a part of this Amendment.
Recitals. Each of the parties hereto acknowledges and agrees that the recitals set forth above in this Amendment Agreement are true and accurate accurate, are contractual in nature, and are hereby incorporated into and made a part of this Amendment. Agreement.
Recitals. Each of the parties hereto acknowledges and agrees that the recitals set forth above in this Amendment Agreement are true and accurate accurate, are contractual in nature, and are hereby incorporated into and made a part of this Amendment. Agreement.
Recitals. Each of the parties hereto acknowledges and agrees that the recitals set forth above in this Amendment Agreement are true and accurate accurate, are contractual in nature, and are hereby incorporated into and made a part of this Amendment. Agreement.
Recitals. 1.1 As of May 12, 2011, Borrowers and PNC, as Lender and Agent, entered into a Revolving Credit and Security Agreement (as amended, extended, modified, or restated, the "Loan Agreement"). Capitalized terms used herein and not otherwise defined will have the meanings given such terms in the Loan Agreement as amended. The Loan Agreement, the Other Documents, and all related loan and/or security documents related thereto are referred to herein as the "Loan Documents". 1.2 Borrowers have requested, ...and Agent and Lenders have agreed, to amend the Loan Documents, on the terms and subject to the conditions set forth herein.View More
Recitals. 1.1 As of May 12, 2011, Borrowers and PNC, as Lender December 19, 2014, Borrowers, Lenders, and Agent, entered into a an Amended and Restated Revolving Credit Credit, Term Loan, Guaranty, and Security Agreement (as amended, extended, modified, or restated, the "Loan Agreement"). Capitalized terms used herein and not otherwise defined will have the meanings given such terms in the Loan Agreement as amended. The Loan Agreement, the Other Documents, and all related loan and/or security documents re...lated thereto are referred to herein as the "Loan Documents". 1.2 The Loan Documents were amended by Amendment No. 1 to Loan Documents dated as of January 22, 2016 to extend the Borrowing Period. 1.3 Borrowers have requested, requested that Agent and Lenders amend the Loan Documents to change the calculation of EBITDA Adjustment. Agent and Lenders have agreed, agreed to amend the Loan Documents, do so on the terms and subject to the conditions set forth herein. View More
Recitals. 1.1 As of May 12, 2011, Borrowers certain of Borrowers, and PNC, PNC as Lender and Agent, entered into a Revolving Credit and Security Agreement (as amended, extended, modified, or restated, the "Loan Agreement"). Capitalized terms used herein and not otherwise defined will have the meanings given such terms in the Loan Agreement as amended. The Loan Agreement, the Other Documents, and all related loan and/or security documents related thereto are referred to herein as the "Loan Documents". 1.2 ...Technologies has formed each of Northern, Southern, and International as wholly-owned Subsidiaries (together, the "New Subsidiaries"). Accordingly, the New Subsidiaries are hereby joining the Loan Documents as Borrowers pursuant to Section 7.12(a) of the Loan Agreement. In addition, Borrowers, and PNC as Lender and Agent, have requested, and Agent and Lenders have agreed, agreed to amend the Loan Documents, Documents on the terms and subject to the conditions set forth herein. View More
Recitals. 2.1 On or about the date hereof the Creditor is entering into a Note Purchase and Mutual Release Agreement, a copy of which is annexed hereto as Exhibit B with the Company (the "Agreement"). 2.2 In consideration of the mutual promises in the Agreement and to induce the Creditor to execute the Agreement and for other good and valuable consideration, and as security for the performance by Company of its obligations under the Agreement and as security for the payment by the Company of all its monet...ary obligations in the Agreement and all other sums due from Company to Creditor arising under the Agreement, collectively, the "Obligations", Guarantor, for good and valuable consideration, receipt of which is acknowledged, has agreed to enter into this Guaranty.View More
Recitals. 2.1 On or about the date hereof the Creditor is entering into a Note Purchase and Mutual Release Agreement, a copy of Escrow Agreement (the "Agreement") with More than Words, LLC (the "Purchaser") pursuant to which the Creditor is annexed hereto as Exhibit B with the Company selling to Purchaser certain securities issued by Function(x) Inc. (the "Agreement"). "Company"). 2.2 In consideration of the mutual promises in the Agreement and to induce the Creditor to execute the Agreement and for other... good and valuable consideration, and as security for the performance by Company Purchaser of its obligations under the Agreement and as security for the payment by the Company Purchaser of all its monetary obligations in the Agreement and all other sums due from Company Purchaser to Creditor arising under the Agreement, collectively, the "Obligations", Guarantor, for good and valuable consideration, receipt of which is acknowledged, has agreed to enter into this Guaranty. View More
Recitals. 1.1 Landlord is the tenant of the owner of the certain real property located at xxxxxxxxxxxxxxxxxxxxxxxxxxxxx ("Owner") ("Premises"). The Premises are identified on the map attached hereto as Exhibit A and incorporated by reference herein. The property includes 220,000 square feet of greenhouses. 1.2 Subtenancy. The parties are entering into an agreement whereby Landlord is a tenant of Owner, and Tenant is subtenant of Landlord. 1.1.1 Further subtenancy. As described herein, Tenant, at its sole ...election, shall be permitted to sublease to one party only, namely to the California cannabis collective operating as VBF Brands, Inc., for as long as Tenant may be required to do so to comply with County or State law, or as Tenant may, by its own determination, consider it to be legally prudent to do so. ("Collective"). By Tenant's entry into this Agreement, Collective acquires no rights against Landlord or Owner, except as may be provided by law. Tenant agrees to enter into an agreement with Collective with substantially the same terms, as may be applicable, as this Agreement. Tenant agrees that it is responsible for all legal compliance that may be required by Collective. 1.3 Tenant shall have the exclusive right to cultivate cannabis within the greenhouse structure identified on Exhibit A as structure E, and the non-exclusive right, as described herein, to cultivate cannabis within the structure identified on Exhibit A as structure C (part of the packing building) ("Structures"). The greenhouse structures remaining on Exhibit A shall remain in the possession of Landlord or Owner, as per separate agreement, to which Tenant is not a party. 1.4 The Tenant intends to cultivate and process cannabis on the Premises, and to process and manufacture cannabis-related products, in full compliance with Monterey County and California State Law, and in accordance with the standards, policies, and implementation procedures established by Landlord, as partially enumerated herein, but as reasonably developed from time to time for the purposes of maintaining a high quality level farm, security, health and safety standards, and as close to (if not meeting or exceeding) organic standards as possible. 6 Plus Exhibits A and B 1.5 Obtaining all required commercial cannabis business licenses shall be the sole responsibility of Tenant as applicable. Landlord agrees, through Owner, to obtain the use permit entitlement through the Monterey County Resource Management Agency. If Tenant is unable to procure specifically manufacturing permitting and licensing under local or State law, this shall not affect the enforceability of this Agreement, whereas, if Tenant is unable to procure specifically cannabis permitting and licensing under local or State law, this shall affect the enforceability of this Agreement as provided herein (e.g., Sections 21, 22.2, et. seq).View More
Recitals. 1.1 Landlord is the tenant of the owner of the certain real property located at xxxxxxxxxxxxxxxxxxxxxxxxxxxxx 20420 Spence Road, Salinas, California ("Owner") ("Premises"). The Premises are identified on the map attached hereto as Exhibit A and incorporated by reference herein. The property includes 220,000 square feet of greenhouses. 1.2 Subtenancy. The parties are entering into an agreement whereby Landlord is a tenant of Owner, and Tenant is subtenant of Landlord. 1.1.1 Further subtenancy. As... described herein, Tenant, at its sole election, shall be permitted to sublease to one party only, namely to the California cannabis collective operating as VBF Brands, Inc., for as long as Tenant may be required to do so to comply with County or State law, or as Tenant may, by its own determination, consider it to be legally prudent to do so. ("Collective"). By Tenant's entry into this Agreement, Collective acquires no rights against Landlord or Owner, except as may be provided by law. Tenant agrees to enter into an agreement with Collective with substantially the same terms, as may be applicable, as this Agreement. Tenant agrees that it is responsible for all legal compliance that may be required by Collective. 1.3 Tenant shall have the exclusive right to cultivate cannabis within the greenhouse structure identified on Exhibit A as structure E, and the non-exclusive right, as described herein, to cultivate cannabis within the structure identified on Exhibit A as structure C (part of the packing building) ("Structures"). The greenhouse structures remaining on Exhibit A shall remain in the possession of Landlord or Owner, as per separate agreement, to which Tenant is not a party. 1.4 The Tenant intends to cultivate and process cannabis on the Premises, and to process and manufacture cannabis-related products, in full compliance with Monterey County and California State Law, and in accordance with the standards, policies, and implementation procedures established by Landlord, as partially enumerated herein, but as reasonably developed from time to time for the purposes of maintaining a high quality level farm, security, health and safety standards, and as close to (if not meeting or exceeding) organic standards as possible. 6 Plus Exhibits A and B 1.5 Obtaining all required commercial cannabis business licenses shall be the sole responsibility of Tenant as applicable. Landlord agrees, through Owner, to obtain the use permit entitlement through the Monterey County Resource Management Agency. If Tenant is unable to procure specifically manufacturing permitting and licensing under local or State law, this shall not affect the enforceability of this Agreement, whereas, if Tenant is unable to procure specifically cannabis permitting and licensing under local or State law, this shall affect the enforceability of this Agreement as provided herein (e.g., Sections 21, 22.2, et. seq). View More
