Permitted Subtenant definition

Permitted Subtenant means any subtenant of the Tenant that, pursuant to a sublease approved by Landlord pursuant to Article 14 above (or which did not require Landlord’s consent pursuant to Section 14.8, above), (i) occupies a portion of the Premises no less than 75,000 rentable square feet, and (ii) subleases such portion of the Premises for a term of no less than a two (2) years.
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Permitted Subtenant means (a) Brookdale Living Communities of Illinois, Inc., a Delaware corporation, with respect to the Leased Property located in Chicago, Illinois; (b) Brookdale Living Communities of New York, Inc., a Delaware corporation, with respect to the Leased Property located in Brighton, New York; and (c) Brookdale Living Communities of Arizona, Inc., a Delaware corporation, with respect to the Leased Property located in East Mesa, Arizona.
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Permitted Subtenant means a person who is occupying all or a portion of the Premises pursuant to a sublease consented to by Landlord pursuant to Section 9.05 above, or pursuant to a Related Entity Sublease; the portion of the Premises being so sublet to a Permitted Subtenant is herein referred to as the “Permitted Sublet Space”; and the sublease pursuant to which a Permitted Subtenant is subletting its Permitted Sublet Space is herein referred to as a “Permitted Sublease.” To the extent Tenant desires, a Permitted Subtenant shall have all of the rights to assign its Permitted Sublease, as Tenant has to assign this Sublease, and all of the rights to sub-sublet all or a portion of its Permitted Sublet Space, as Tenant has to sublet the Premises, as if this Article were incorporated into the Permitted Sublease, in all cases in accordance with, and subject to the provisions of this Section, including subsection (b)(i) below, and in all cases subject to the Existing Superior Lease. In no event, however, shall a sub-subtenant of a Permitted Subtenant assign, mortgage or encumber its sub-sublease or any of its rights or estates thereunder, or further sub-sublet all or any portion of its sub-sublet space, or otherwise suffer or permit its sub-sublet space, or any part thereof, to be used or occupied by others, unless it has complied with the provisions of this Section 9.16. In addition, in no event shall a Permitted Subtenant have any more or greater rights to assign its Permitted Sublease or to sub-sublet its Permitted Sublet Space than Tenant has to assign this Sublease or to sublet the Premises.
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Examples of Permitted Subtenant in a sentence

  • Notwithstanding the foregoing, Tenant shall have the right to sublet any portion of the Premises, upon twenty (20) days prior written notice to Landlord, but without obtaining Landlord’s prior written consent, to a Permitted Subtenant subject to the conditions precedent in Section 25.9.

  • Tenant shall give prompt Notice to Landlord of any litigation or any administrative proceeding to which it, any Guarantor or any of the Permitted Subtenants may hereafter become a party which involves a potential liability equal to or greater than Two Hundred Fifty Thousand Dollars ($250,000) or which may otherwise result in any material adverse change in the business, operations, property, prospects, results of operation or condition, financial or other, of Tenant, such Guarantor or Permitted Subtenant.

  • Tenant shall not permit to exist or enter into any agreement or arrangement whereby it or any Permitted Subtenant engages in a transaction of any kind with any Affiliated Person as to Tenant or any Guarantor, except on terms and conditions which are not less favorable to Tenant or the Permitted Subtenant than those on which similar transactions between unaffiliated parties could fairly be expected to be entered into on an arms-length basis.

  • Tenant shall, at Xxxxxx's own expense: (a) comply with all Environmental Laws and the requirements of Exhibit J; (b) comply with the provisions of Section 11.1(e) of the Ground Lease applicable to a "Permitted Subtenant"; and (c) make all submissions to, provide all information required by, and comply with all requirements of all governmental authorities (the "Authorities") under the Environmental Laws arising in connection with its obligations under this Section.

  • For the purposes of this Subsection 4.02(c), the term "Lessee" shall be deemed to include subsidiaries of Lessee and any other Permitted Subtenant.

  • If Landlord consents to a Transfer, as a condition thereto which the parties hereby agree is reasonable, or if Tenant enters into a sublease with any Permitted Subtenant pursuant to Section 14.9 below, Tenant shall pay to Landlord one hundred percent (100%) of any "Transfer Premium," as that term is defined in this Section 14.3, received by Tenant from such Transferee.

  • The material, typeface, graphic format and proportions of the Signage, as well as the precise location of the Signage, shall be subject to Landlord's prior written approval, which approval shall not be unreasonably withheld, delayed or conditioned; provided that the material, typeface, graphic format and proportions of all Project and Building signage displaying the name and logo of Tenant and/or any Permitted Subtenant as of the date of this Lease is deemed pre-approved by Landlord..

  • Any sublease entered into by Tenant with a Permitted Subtenant in accordance with this Section 14.8 shall be referred to herein as a "PERMITTED SUBLEASE".

  • No sublease to a Permitted Subtenant shall relieve Tenant or any guarantor of the Lease from any liability under this Lease, including, without limitation, in connection with the Subject Space.

  • As used herein, the term "Equipment" shall mean all wquipment, appliances, machinery, signs, furniture and trade fixtures now or hereafter installed or placed on the Premises, whether or not physically attached thereto, and used or useable in the operation and maintenance of the business of Lessee or any Permitted Subtenant (as defined in Article XII) or any other person on the Premises.


More Definitions of Permitted Subtenant

Permitted Subtenant and collectively with Permitted Assignee, a “Permitted Transferee”) then Occupies the entire Premises. In addition, notwithstanding anything to the contrary in this Schedule: (i) Tenant’s rights and Landlord’s obligations under this Schedule shall not be applicable at any time during which (A) there is a then-existing uncured Event of Default by Tenant under this Lease or (B) there has been a Chronic Default by Tenant under the Lease, and (ii) at the election of Landlord (in its sole and absolute discretion), if as of the date that Tenant’s lease of any Leased First Right Space would otherwise commence (A) there is a then-existing uncured Event of Default by Tenant under this Lease or (B) there has been a Chronic Default by Tenant under the Lease, then Landlord may cancel Tenant’s lease of the applicable Leased First Right Space by delivery of written notice thereof to Tenant.
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Related to Permitted Subtenant

  • Permitted Sublessee means the sublessee under a Permitted Sublease.

  • Permitted Sublease means a sublease permitted under Section 7.2.7 of the Lease.

  • Tenant Affiliate means and refer to any partnership, limited liability company, or corporation or other entity, which, directly or indirectly, through one or more intermediaries, Controls, is Controlled by, or is under common Control with, Tenant.

  • Permitted Lessee means any Person to whom Company is permitted to lease the Airframe or any Engine pursuant to Section 7.02(a) of the Indenture and is a party to a Lease.

  • Subtenant means any Person entitled to occupy, use, or possess any Premises under a Sublease.

  • Tenant Party means any of the following persons: Tenant; any assignees claiming by, through, or under Tenant; any subtenants claiming by, through, or under Tenant; and any of their respective agents, contractors, employees, licensees, guests and invitees.

  • Sublessee means any party to whom Lessee grants the right to possess all or any portion of the Premises according to a Sublease.

  • Permitted Facility means a facility authorized by the general permit to discharge total nitrogen or

  • Lessee means a person who acquires the right to possession and use of goods under a lease. Unless the context clearly indicates otherwise, the term includes a sublessee.

  • Sublease means a lease of goods the right to possession and use of which was acquired by the lessor as a lessee under an existing lease.

  • Sublessor means one who conveys real property by sublease."

  • Occupant means any person or persons over the age of eighteen years in possession of the property.

  • Tenant means a person entitled under a rental agreement to occupy a dwelling unit to the exclusion of others.

  • Permitted Lease means a lease permitted under Section 4.02(b) of the Trust Indenture.

  • Master Tenant means any entity approved by HUD now or hereafter leasing the Healthcare Facility pursuant to a Master Lease.

  • Operating Lease means, as applied to any Person, any lease (including, without limitation, leases which may be terminated by the lessee at any time) of any Property (whether real, personal or mixed) which is not a Capital Lease other than any such lease in which that Person is the lessor.

  • Leased Property shall have the meaning given such term in Section 2.1.

  • Sublandlord means the holder of sublandlord’s interest under this Sublease. In the event of any assignment or transfer of the Sublandlord’s interest under this Sublease, which assignment or transfer may occur at any time during the Term in Sublandlord’s sole discretion, Sublandlord shall be and hereby is entirely relieved of all covenants and obligations of Sublandlord hereunder accruing subsequent to the date of the transfer and it shall be deemed and construed, without further agreement between the parties hereto, that any transferee has assumed and shall carry out all covenants and obligations thereafter to be performed by Sublandlord hereunder. Sublandlord may transfer and deliver the then existing Letter of Credit to the transferee of Sublandlord’s interest under this Sublease, and thereupon Sublandlord shall be discharged from any further liability with respect thereto. In addition, Sublandlord shall comply with all of its obligations as “Tenant” under the Master Lease except to the extent that any such obligation is the obligation of Subtenant pursuant to the terms of this Sublease. Notwithstanding any other term or provision of this Sublease, the liability of Subtenant to Sublandlord for any default in Subtenant’s obligations under this Sublease shall be limited to actual, direct damages, and under no circumstances shall Sublandlord, its partners, members, shareholders, directors, agents, officers, employees, contractors, sublessees, successors and/or assigns be entitled to recover from Subtenant (or otherwise be indemnified by Subtenant) for lost revenues, lost profit or other consequential, special or punitive damages arising in connection with this Sublease for any reason, except for any breach by Subtenant under Section 12 of the Master Lease. Notwithstanding any other term or provision of this Sublease, no personal liability shall at any time be asserted or enforceable against Subtenant’s shareholders, directors, officers, or partners on account of any of Subtenant’s obligations or actions under this Sublease.

  • Tenant Lease means any lease entered into by the Borrower, any Loan Party or any Subsidiary with respect to any portion of a Property.

  • Subleased Premises means such portions of the Leased Premises being particularly identified on Schedule B, which the parties agree, for the purposes of this Sublease and any square footage calculations pursuant hereto, is approximately 42,244 square feet of office (21,068 square feet on the third floor and 21,176 square feet on the seventh floor) and approximately 9.4312% of common space (building rentable area is 447,917 square feet).

  • Permitted Occupier means if used in the Agreement, any person who is licensed or permitted by the Landlord to reside at the Property together with the Tenant and who does so as a rent free licensee of the Tenant.

  • Tenant Parties means Tenant, any affiliate of Tenant, any permitted subtenant or any other permitted occupant of the Premises, and each of their respective direct or indirect partners, officers, shareholders, directors, members, trustees, beneficiaries, servants, employees, principals, contractors, licensees, agents, invitees or representatives.

  • Permitted Affiliate means with respect to any Person (a) any Person that directly or indirectly controls such Person, and (b) any Person which is controlled by or is under common control with such controlling Person. As used in this definition, the term “control” of a Person means the possession, directly or indirectly, of the power to vote eighty percent (80%) or more of any class of voting securities of such Person or to direct or cause the direction of the management or policies of a Person, whether through the ownership of voting securities, by contract or otherwise.

  • Lease means any agreement, whether written or oral, no matter how styled or structured, pursuant to which a Loan Party is entitled to the use or occupancy of any space in a structure, land, improvements or premises for any period of time.

  • Landlord shall have the meaning given such term in the preambles to this Agreement and shall also include their respective permitted successors and assigns.

  • Permitted Entity means with respect to a Qualified Stockholder (a) a Permitted Trust (as defined below) solely for the benefit of (i) such Qualified Stockholder, (ii) one or more Family Members of such Qualified Stockholder and/or (iii) any other Permitted Entity of such Qualified Stockholder, or (b) any general partnership, limited partnership, limited liability company, corporation or other entity exclusively owned by (i) such Qualified Stockholder, (ii) one or more Family Members of such Qualified Stockholder and/or (iii) any other Permitted Entity of such Qualified Stockholder.