Common use of EXERCISE OF RIGHTS AND REMEDIES UNDER PRIME LEASE Clause in Contracts

EXERCISE OF RIGHTS AND REMEDIES UNDER PRIME LEASE. Sublessee shall not have the right to exercise any of Sublessor's options or elections permitted or authorized under the Prime Lease, or to institute any action or proceeding against Prime Lessor for the enforcement of the Prime Lease. If Prime Lessor shall default in the performance of any of its obligations under the Prime Lease, Sublessor shall, upon the written request of Sublessee and at Sublessee's sole cost and expense, use its diligent good faith efforts to enforce the Prime Lease and obtain Prime Lessor's compliance with its obligations thereunder.

Appears in 4 contracts

Samples: Office Lease (Diversified Corporate Resources Inc), Sublease Agreement (Viewlocity Inc), Sublease Agreement (National Bancshares Corp of Texas)

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