Ground Lease; Ground Sublease; Authority Lease Sample Clauses

Ground Lease; Ground Sublease; Authority Lease. (a) This Lease is and shall at all times be subject to all of the terms, covenants and conditions of the Authority Lease and shall in all respects be limited to the estate granted to Lessor by the Authority pursuant to the Authority Lease. Xxxxxx assumes and agrees to be bound by the terms of and to perform all of the obligations and duties of Lessor under the Authority Lease except for Lessor’s obligations to fund “Advances” on the Bonds pursuant to the Bond Purchase Agreement. Lessee shall not commit or permit to be committed any act or omission which shall violate any terms, covenants or conditions of the Authority Lease. Lessor shall not commit any act which shall violate the terms, covenants or conditions of the Authority Lease. Xxxxxx and Xxxxxx agree that they shall promptly forward to each other any and all notices or other communications received from the Authority under the Authority Lease.
Sample 1
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Ground Lease; Ground Sublease; Authority Lease. (a) This Lease is and shall at all times be subject to all of the terms, covenants and conditions of the Authority Lease and shall in all respects be limited to the estate granted to Lessor by the Authority pursuant to the Authority Lease. Lessee assumes and agrees to be bound by the terms of and to perform all of the obligations and duties of Lessor under the Authority Lease except for Lessor’s obligations to fund “Advances” on the Bonds pursuant to the Bond Purchase Agreement. Lessee shall not commit or permit to be committed any act or omission which shall violate any terms, covenants or conditions of the Authority Lease. Lessor shall not commit any act which shall violate the terms, covenants or conditions of the Authority Lease. Lessee and Lessor agree that they shall promptly forward to each other any and all notices or other communications received from the Authority under the Authority Lease. (b) The Authority Lease is and shall at all times be subject to all of the terms, covenants and conditions of the Ground Sublease and shall in all respects be limited to the estate granted to Authority by Ground Sublessor pursuant to the Ground Sublease. Lessee assumes and ‑3‑ agrees to be bound by the terms of and to perform all of the obligations and duties of Lessor under the Ground Sublease. Lessee shall not commit or permit to be committed any act or omission which shall violate any terms, covenants or conditions of the Ground Sublease. Lessor shall not commit any act which shall violate the terms, covenants or conditions of the Ground Sublease. Lessee and Lessor agree that they shall promptly forward to each other any and all notices or other communications received from the Authority under the Ground Sublease. (c) The Ground Sublease is and shall at all times be subject to all of the terms, covenants and conditions of the Ground Lease and shall in all respects be limited to the estate granted to Ground Lessee by Ground Lessor pursuant to the Ground Lease. Lessee assumes and agrees to be bound by the terms of and to perform all of the obligations and duties of Lessor under the Ground Lease. Lessee shall not commit or permit to be committed any act or omission which shall violate any terms, covenants or conditions of the Ground Lease. Lessee agrees that it shall promptly forward to Lessor any and all notices or other communications received by Lessee from the Ground Lessor under the Ground Lease (d) Where any approval or consent shall be required of Lesso...
Sample 1

Related to Ground Lease; Ground Sublease; Authority Lease

  • Ground Lease Reserved.

  • Master Lease A. All the obligations contained in the Master Lease conferred and imposed upon Sublessor (as Tenant therein) shall be borne by Sublessor and Sublessee in accordance with the Sublessor's Percentage and the Sublessee's Percentage, respectively, except as modified and amended by this Sublease, and all rights and privileges contained in the Master Lease conferred upon Sublessor (as Tenant therein), are hereby conferred and imposed upon Sublessee, to the extent of Sublessee's Percentage. Sublessor covenants and agrees it will make payment of the rentals reserved under the Master Lease as and when due, will perform Sublessor's insurance obligations under the Master Lease, and will otherwise fully and faithfully perform the terms and conditions of the Master Lease with respect to the Sublessor's Percentage. Sublessee covenants and agrees to otherwise fully and faithfully perform the terms and conditions of the Master Lease and the Sublease on its part to be performed. Neither the Sublessor nor Sublessee shall do or cause to be done any act which would or might cause the Master Lease, or the rights of Sublessor as tenant under the Master Lease to be endangered, cancelled, terminated, forfeited or surrendered, or which would or might cause Sublessor to be in default thereunder or liable for any damage, claim or penalty. Sublessee agrees, as an express inducement for Sublessor executing this Sublease, that if there is any conflict between the provisions of the Master Lease and this Sublease which would permit Sublessee to do or cause to be done any act which is prohibited by the Master Lease then the provisions of the Master Lease shall prevail.

  • Ground Leases For purposes of this Exhibit C, a “Ground Lease” shall mean a lease creating a leasehold estate in real property where the fee owner as the ground lessor conveys for a term or terms of years its entire interest in the land and buildings and other improvements, if any, comprising the premises demised under such lease to the ground lessee (who may, in certain circumstances, own the building and improvements on the land), subject to the reversionary interest of the ground lessor as fee owner. With respect to any Mortgage Loan where the Mortgage Loan is secured by a Ground Leasehold estate in whole or in part, and the related Mortgage does not also encumber the related lessor’s fee interest in such Mortgaged Property, based upon the terms of the Ground Lease and any estoppel or other agreement received from the ground lessor in favor of Mortgage Loan Seller, its successors and assigns (collectively, the “Ground Lease and Related Documents”), Mortgage Loan Seller represents and warrants that:

  • Sublease Agreement Sublandlord and Subtenant hereby represent that a true and complete copy of the Sublease Agreement is attached hereto and made a part hereof as Exhibit A.

  • Sublease Sublandlord hereby subleases to Subtenant and Subtenant hereby subleases from Sublandlord for the term, at the rental, and upon all of the conditions set forth herein, the Subleased Premises.

  • Operating Lease The parties hereto intend that this Lease shall be deemed for all purposes to be an operating lease and not a capital lease.

  • Real Property Lease Except as set forth in Disclosure Schedule 1.1.(b), Seller has no leases of real property used or held for use in connection with the Business or the Purchased Assets.

  • Existing Lease Except to the extent specifically amended hereby, all terms and conditions of the Lease remain in full force and effect. [Signatures begin on next page.]

  • New Lease In the event of the termination of this Lease as a result of Tenant's default prior to the expiration of the term, or in the event of a rejection by Landlord or Tenant of this Lease under Chapter 11 of the Bankruptcy Code, Landlord shall, in addition to providing the notices of default and termination as required by this Lease, provide each Leasehold Mortgagee with written notice that the Lease has been terminated or that Landlord has filed a request with the Bankruptcy Court seeking to reject the Lease, together with a statement of all sums which would at that time be due under this Lease but for such termination or rejection, and of all other defaults, if any, then known to Landlord. Upon any request of the Leasehold Mortgagee, or its designee, Landlord agrees to enter into a new lease ("New Lease") of the Premises with such Leasehold Mortgagee or its designee for the remainder of the term of this Lease, effective as of the date of termination or rejection, as the case may be, at the Rent, and upon the terms, covenants and conditions (including all transfer rights, but excluding requirements which are not applicable or which have already been fulfilled) of this Lease; provided, however, that (i) the Leasehold Mortgagee whose lien upon the Premises is superior to the lien of any other Leasehold Mortgage (the "Senior Leasehold Mortgagee") shall have the right to give notice of its intent to enter into a New Lease to the Landlord for a period of 60 days from its receipt of the notice referred to in the first sentence of this Section 18.2.18 and (ii) if the Senior Leasehold Mortgagee does not exercise its right to enter into the New Lease during this 60-day period; the Leasehold Mortgagee whose lien upon the Premises is superior to the lien of any other Leasehold Mortgage (other than the Senior Leasehold Mortgagee) shall have the right to give notice of its intent to enter into a New Lease to the Landlord during the remainder of the period(s) specified below; and provided further, however,

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