Master Lease Renewal. In the event Sublessor consummates a new master lease of the Premises following the expiration of the Master Lease, Sublessor shall negotiate in good faith with Sublessee for a new sublease based on the terms of the new master lease.
Appears in 3 contracts
Samples: Sublease (Tesoro Corp /New/), Terminal 2 Sublease Rights Agreement (Tesoro Corp /New/), Sublease Rights Agreement (Tesoro Logistics Lp)
Master Lease Renewal. In the event Sublessor consummates a new master lease of the Premises following the expiration of the Master Lease, Sublessor shall negotiate in good faith with Sublessee for a new sublease based on the terms of the new master lease. If Sublessee elects not to enter in such a new sublease, then Sublessee shall convey the Leasehold Improvements to Sublessor for no further consideration.
Appears in 2 contracts
Samples: Berth 121 Sublease Rights Agreement (Tesoro Logistics Lp), Sublease Rights Agreement (Tesoro Corp /New/)
