MLB Required Language Sample Clauses

MLB Required Language. Tenant represents and warrants to Landlord that the subordination language provided to Landlord via memorandum from Major League Baseball on the Effective Date is the subordination language promulgated, as of July 3, 2017, by Major League Baseball, for inclusion in ballpark leases, by Major League Baseball Clubs of the “home” ballparks used by such Clubs for hosting regular season games (the “Required Language”). In the event that different Required Language is promulgated by Major League Baseball after the Effective Date, Landlord may, at Landlord’s option, elect to substitute such future Required Language for Section 14.24 on thirty (30) days’ prior written notice to Tenant and Major League Baseball. In the event that Required Language or a similar concept of subordination to Major League Baseball is no longer required by Major League Baseball for inclusion in ballpark leases after the Effective Date, Landlord may, at Landlord’s Option, elect to delete Section 14.24 and Section 14.25 from this Lease on thirty (30) days’ prior written notice to Tenant and Major League Baseball. The effect of any election made by Landlord pursuant to the two immediately preceding sentences shall be automatic following the expiration of the applicable thirty (30) day notice period, without the need for further documentation, and shall be deemed an amendment to this Lease for all purposes. [Remainder of Page Intentionally Left Blank] WITHOUT LIMITING ANY OTHER DISCLAIMERS OR QUALIFICATIONS HEREIN, LANDLORD AND TENANT EXPRESSLY DISCLAIM ANY IMPLIED WARRANTY THAT THE RANGERS COMPLEX IS PHYSICALLY SUITABLE FOR TENANT’S INTENDED COMMERCIAL PURPOSE, AND, EXCEPT AS OTHERWISE EXPRESSLY PROVIDED HEREIN, TENANT’S OBLIGATION TO PAY RENTAL HEREUNDER IS NOT DEPENDENT UPON THE PHYSICAL CONDITION OF THE RANGERS COMPLEX. EXECUTED to be effective as of the Effective Date, but actually executed on the dates set forth in the respective acknowledgments below. ATTEST: City Secretary LANDLORD: CITY OF ARLINGTON By: APPROVED AS TO FORM: City Attorney TENANT: RANGERS STADIUM COMPANY LLC, a Delaware limited liability company By: Name: Title: AMENDED AND RESTATED RANGERS BALLPARK LEASE AGREEMENT - Signature Page For purposes of acknowledging and agreeing to the provisions of Section 12.3, together with any other express and specific representations, warranties, covenants or obligations of TeamCo under this Lease: TEAMCO: RANGERS BASEBALL LLC, a Delaware limited liability company By: Name: Title: AME...
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