Common use of Effect of Lease Severance on the Second Chance Sublease Waiting Period Clause in Contracts

Effect of Lease Severance on the Second Chance Sublease Waiting Period. In connection with a Severed Lease for less than all of the Properties, such Severed Lease shall contain a Second Chance Sublease Waiting Period of forty-five (45) days rather than ninety (90) days; provided, however, if the Severed Lease applies to all of the Properties originally subject to this Lease, the Second Chance Sublease Waiting Period shall remain at ninety (90) days.

Appears in 2 contracts

Samples: Distribution Center Master Lease (Copper Property CTL Pass Through Trust), Distribution Center Master Lease (J C Penney Co Inc)

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Effect of Lease Severance on the Second Chance Sublease Waiting Period. In connection with a Severed Lease for less than all of the Properties, such Each Severed Lease shall contain a Second Chance Sublease Waiting Period of forty-five (45) days rather than ninety (90) days; provided, however, if the Severed Lease applies to all of the Properties originally subject to this Lease, the Second Chance Sublease Waiting Period shall remain at ninety (90) days.

Appears in 2 contracts

Samples: Retail Master Lease (Copper Property CTL Pass Through Trust), Retail Master Lease (J C Penney Co Inc)

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