Permitted Facility Sublease Sample Clauses

Permitted Facility Sublease. Tenant may enter into any Permitted Facility Sublease. Tenant shall give Landlord at least twenty (20) days’ prior written notice before entering into any Permitted Facility Sublease for more than twenty-five thousand (25,000) square feet of space or land, which notice shall be accompanied by the proposed form of such Permitted Facility Sublease. In addition, Tenant shall furnish Landlord reasonably promptly with such materials as Landlord may reasonably request in order to determine that the requirements of this Section 22.3 with respect to such Permitted Facility Sublease are satisfied. Reasonably promptly following entry into any such Permitted Facility Sublease, Tenant shall provide Landlord with a copy of the executed Permitted Facility Sublease, and Tenant shall furnish Landlord with copies of any amendments of, or supplements to, any Permitted Facility Sublease with reasonable promptness after the execution thereof. Tenant may amend, restate, supplement or otherwise modify from time to time any Permitted Facility Sublease provided that such Permitted Facility Sublease, as so amended, restated, supplemented or modified, would still qualify as a Permitted Facility Sublease hereunder, and such Permitted Facility Sublease, as so amended, restated, supplemented or modified, shall continue to be subject to all of the terms and conditions of this Lease. After an Event of Default has occurred and while it is continuing, Landlord may collect rents from any subtenant and apply the net amount collected to the Rent, but no such collection shall be deemed (i) a waiver by Landlord of any of the provisions of this Lease, (ii) the acceptance by Landlord of such subtenant as a tenant or (iii) a release of Tenant from the future performance of its obligations hereunder. So long as no Event of Default is then continuing, if requested by Tenant in connection with a material Permitted Facility Sublease, Landlord and such sublessee shall enter into a recognition, non-disturbance and attornment agreement with respect to such Permitted Facility Sublease in a form reasonably satisfactory to Landlord, which recognition, non-disturbance and attornment agreement shall, upon the request of Tenant, provide that any lender or provider of financing to such subtenant that is a Permitted Leasehold Mortgagee shall be entitled to substantially similar rights and benefits (and be subject to substantially similar obligations) with respect to such Permitted Facility Sublease as a Permitt...
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Permitted Facility Sublease. In the event of a Permitted Facility Sublease pursuant to and in accordance with Section 22.3(v) of the Lease and for so long as such Permitted Facility Sublease is in effect, (a) the Managed Facility shall cease to be subject to the terms of this Agreement (other than the Lease Guaranty); (b) the Parties (other than the Lease Guarantor) shall cease to have any obligations hereunder with respect to the Managed Facility; and (c) this Agreement, including any and all of the exhibits hereto, shall be automatically and without further action by any Party deemed amended to the extent necessary to give effect to such Permitted Facility Sublease (including by amending Exhibit A and any other exhibits as necessary or appropriate to give effect to the foregoing clauses (a) and (b) and to reflect such Permitted Facility Sublease); provided that, for the avoidance of doubt, (i) the Lease Guaranty (and all of the provisions, terms and conditions of this Agreement comprising the Lease Guaranty) shall remain in full force and effect with respect to the Managed Facility, (ii) without limitation of the foregoing clause (i), all of the provisions, terms and conditions of this Agreement (except as set forth in the foregoing clauses (a) and (b)) shall remain in full force and effect and (iii) the Guaranteed Obligations shall in all events continue and shall not be terminated, limited or affected by any Permitted Facility Sublease. For the avoidance of doubt, no Permitted Facility Sublease shall be deemed an Assignment, a Change of Control, a Substantial Transfer, a Transfer of Ownership Interests or a Sublease for purposes of this Agreement.
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Related to Permitted Facility Sublease

  • New Lease In the event that this Lease is rejected in any bankruptcy, insolvency or dissolution proceeding or is terminated by Landlord following a Tenant Event of Default other than due to a default that is subject to cure by a Permitted Leasehold Mortgagee under Section 17.1(d) and Section 17.1(e) above, Landlord shall provide each Permitted Leasehold Mortgagee with written notice that this Lease has been rejected or terminated (“Notice of Termination”), and, for the avoidance of doubt, upon delivery of such Notice of Termination, no Permitted Leasehold Mortgagee shall have the rights as described in Section 17.1(d) and Section 17.1(e) above, but rather such Permitted Leasehold Mortgagee instead shall have the rights described in this Section 17.1(f)). Following any such rejection or termination, Landlord agrees to enter into a new lease (“New Lease”) of the Leased Property with such Permitted Leasehold Mortgagee or its Permitted Leasehold Mortgagee Designee for the remainder of the term of this Lease, effective as of the date of termination, at the rent and additional rent, and upon the terms, covenants and conditions (including all then-remaining options to renew but excluding requirements which have already been fulfilled) of this Lease, provided: (i) such Permitted Leasehold Mortgagee or its Permitted Leasehold Mortgagee Designee shall comply with the applicable terms of Section 22.2; (ii) such Permitted Leasehold Mortgagee or its Permitted Leasehold Mortgagee Designee shall make a binding, written, irrevocable commitment to Landlord for such New Lease within thirty (30) days after the date such Permitted Leasehold Mortgagee receives Landlord’s Notice of Termination of this Lease given pursuant to this Section 17.1(f); (iii) such Permitted Leasehold Mortgagee or its Permitted Leasehold Mortgagee Designee shall pay or cause to be paid to Landlord at the time of the execution and delivery of such New Lease, any and all sums which would at the time of execution and delivery thereof be due pursuant to this Lease but for such rejection or termination (including, for avoidance of doubt, any amounts that become due prior to and remained unpaid as of the date of the Notice of Termination) and, in addition thereto, all reasonable expenses, including reasonable documented attorney’s fees, which Landlord shall have incurred by reason of such rejection or such termination and the execution and delivery of the New Lease and which have not otherwise been received by Landlord from Tenant or other party in interest under Tenant; and (iv) such Permitted Leasehold Mortgagee or its Permitted Leasehold Mortgagee Designee shall agree to remedy any of Tenant’s defaults of which said Permitted Leasehold Mortgagee was notified by Landlord’s Notice of Termination (or in any other written notice of Landlord) and which can be cured through the payment of money or, if such defaults cannot be cured through the payment of money, are reasonably susceptible of being cured by Permitted Leasehold Mortgagee or its Permitted Leasehold Mortgagee Designee.

  • 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.]

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