Master Lease Obligations Sample Clauses

Master Lease Obligations. PHH shall be bound to all covenants, terms and conditions contained in the Master Lease as the same relates to PHH’s occupancy of the Premises.
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Master Lease Obligations. Subtenant shall assume and does hereby assume, all of Sublandlord’s duties, responsibilities, obligations and liabilities as lessee under the Master Lease as they relate to the Subleased Premises provided that to the extent any duty with respect to the Subleased Premises is addressed both in the Master Lease and this Sublease, Subtenant shall comply with the greater of that specified in the Master Lease or Sublease and Subtenant agrees to defend, indemnify and hold harmless Sublandlord and its Affiliates (as hereinafter defined) from and against any and all claims, suits, liabilities, damages, penalties, losses, costs or expenses (including attorney’s fees) which may be imposed upon, incurred by or asserted against Sublandlord and/or its Affiliates with respect thereto and the indemnity given hereby shall survive the expiration or termination of the Sublease. Furthermore, Subtenant shall agree and does hereby agree to fully and faithfully observe in every respect, the rules, regulations, restrictions and limitations provided in the Master Lease concerning the Subleased Premises, if any. Sublandlord has not assumed and does not assume any of the obligations of landlord under the Master Lease with respect to this Sublease and Sublandlord disclaims any and all responsibility and liability therefor.
Master Lease Obligations. Except as otherwise expressly provided herein, Tenant will assume and perform Landlord’s obligations as tenant under the Master Lease during the Lease Term. Tenant will not commit or suffer any act or omission that will violate any of the provisions of the Master Lease. Landlord does not assume the obligations of the Master Landlord under the Master Lease. Tenant acknowledges that the obligations to perform certain services, provide utilities, make repairs and carry insurance shall be satisfied only to the extent that the Master Landlord under the Master Lease satisfies those same obligations. With respect to the performance by Master Landlord of its obligations under the Master Lease, Landlord’s sole obligation with respect thereto will be to request the same, on request in writing by Tenant, and to use reasonable efforts to obtain the same from Master Landlord; provided, however, Landlord will have no obligation to institute legal action against Master Landlord.
Master Lease Obligations. This Sublease is subject to and subordinate in all respects to the Master Lease. The terms and conditions of the Master Lease, as it pertains to the Subleased Premises, are incorporated herein by reference as if fully set forth herein. From and after the commencement of the Term, and except as otherwise set forth herein, Sublessor and Sublessee agree to assume and be bound by all of the covenants and agreements under the Master Lease made by Landlord (as defined in the Master Lease) and Tenant (as defined in the Master Lease) and to perform all of the duties, responsibilities and obligations of Landlord and Tenant under the Master Lease, in each case: (i) substituting Sublessor for Landlord; (ii) substituting Sublessee for Tenant in regard to all terms and conditions of the Master Lease as they apply and pertain to the Subleased Premises; and (iii) with Sublessor remaining as Tenant in regard to all terms and conditions of the Master Lease as they apply and pertain to the remainder of the Master Lease Premises.
Master Lease Obligations. During the term of this Sublease, ------------------------ Sublessor: (i) shall perform all obligations of the Tenant under the Master Lease, insofar as such obligations are applicable to this Sublease, (ii) shall not terminate the Master Lease without the express written consent of Sublessee, except following an event of damage or destruction which would permit Sublessor to terminate the Master Lease pursuant to Paragraph 12.3 thereof, and which event of damage or destruction affects the Premises and not the Subleased Premises, and (iii) shall not amend, modify or alter any terms or conditions of the Master Lease which may affect the use or operation by Sublessee of the Subleased Premises, without the consent of Sublessee. Sublessee's consent hereunder shall not be unreasonably withheld or delayed.
Master Lease Obligations. The Tenant acknowledges the receipt and review of a copy of the Master Lease, a copy of which is attached hereto as Exhibit "B" and made a part of this Agreement. This Sub-Lease is expressly subject to and conditioned upon all of the terms and conditions of the Master Lease. As a material inducement to Landlord to enter into this Sub-Lease, Tenant covenants that it will comply with all of the terms and conditions of the Master Lease which, by their terms, are intended to govern the rights and duties of Landlord's Sub-Tenants.

Related to Master Lease Obligations

  • Operating Lease Obligations On the Effective Date, none of the Loan Parties has any Operating Lease Obligations other than the Operating Lease Obligations set forth on Schedule 6.01(q).

  • Capital Lease Obligations With respect to any Person, the obligations of such Person to pay rent or other amounts under any Capitalized Lease.

  • Lease Obligations The Company shall not, and shall not suffer or permit any Subsidiary to, create or suffer to exist any obligations for the payment of rent for any property under lease or agreement to lease, except for:

  • Capitalized Lease Obligations Sale and Leaseback Transactions, export credit facilities with a maturity of at least one year and Purchase Money Indebtedness of, including Guarantees of any of the foregoing by, the Issuer and/or any Restricted Subsidiary, in an aggregate principal amount at any one time outstanding not to exceed U.S.$1 billion;

  • Capitalized Lease Obligation 3 Commission................................................................ 4

  • Capital Lease Any lease of property (real, personal or mixed) which, in accordance with GAAP and Statement No. 13 of the Financial Accounting Standards Board would be capitalized on the lessee's balance sheet.

  • Recourse Obligations The Mortgage Loan documents for each Mortgage Loan (a) provide that such Mortgage Loan becomes full recourse to the Mortgagor and guarantor (which is a natural person or persons, or an entity or entities distinct from the Mortgagor (but may be affiliated with the Mortgagor) that collectively, as of the date of origination of the related Mortgage Loan, have assets other than equity in the related Mortgaged Property that are not de minimis) in any of the following events (or negotiated provisions of substantially similar effect): (i) if any petition for bankruptcy, insolvency, dissolution or liquidation pursuant to federal bankruptcy law, or any similar federal or state law, shall be filed by, consented to, or acquiesced in by, the Mortgagor; (ii) the Mortgagor or guarantor shall have solicited or caused to be solicited petitioning creditors to cause an involuntary bankruptcy filing with respect to the Mortgagor or (iii) voluntary transfers of either the Mortgaged Property or controlling equity interests in the Mortgagor made in violation of the Mortgage Loan documents; and (b) contains provisions for recourse against the Mortgagor and guarantor (which is a natural person or persons, or an entity or entities distinct from the Mortgagor (but may be affiliated with the Mortgagor) that collectively, as of the date of origination of the related Mortgage Loan, have assets other than equity in the related Mortgaged Property that are not de minimis), for losses and damages resulting from the following (or negotiated provisions of substantially similar effect): (i) the Mortgagor’s misappropriation of rents after an event of default, security deposits, insurance proceeds, or condemnation awards; (ii) the Mortgagor’s fraud or intentional material misrepresentation; (iii) breaches of the environmental covenants in the Mortgage Loan documents; or (iv) the Mortgagor’s commission of intentional material physical waste at the Mortgaged Property (but, in some cases, only to the extent there is sufficient cash flow generated by the related Mortgaged Property to prevent such waste).

  • Capitalized Leases Leases under which the Borrower or any of its Subsidiaries is the lessee or obligor, the discounted future rental payment obligations under which are required to be capitalized on the balance sheet of the lessee or obligor in accordance with GAAP.

  • Capitalized Lease A lease under which the discounted future rental payment obligations of the lessee or the obligor are required to be capitalized on the balance sheet of such Person in accordance with GAAP.

  • Capital Leases No Covered Person has an interest as a lessee under any Capital Leases other than Capital Leases that are Permitted Indebtedness.

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