Prime Lease. Tenant recognizes and acknowledges the existence of the Prime Lease and that this Lease is a sublease of a portion of the Landlord’s leasehold estate created by the Prime Lease. The termination of the Prime Lease for any reason whatsoever shall never constitute a default by the Landlord hereunder nor shall such termination entitle Tenant to terminate this Lease or the payment of any rent or other sums due by the Tenant hereunder. Tenant further agrees that this Lease is subject to all of the terms and provisions of the Prime Lease and hereby agrees to be bound by provisions thereof, including but not limited to the provisions relating to employment and non-discrimination. By execution hereof, Tenant hereby acknowledges that it has received a copy of all provisions of the Prime Lease relating to employment and non-discrimination all as set forth on Exhibit C attached hereto. Provided, however, that the execution of this Lease by Landlord shall never be construed to be an approval hereof by the Prime Lessor, it being understood that the Prime Lessor cannot be bound by any act or omission of Landlord. If Prime Lessor shall request a modification of this Lease, Tenant shall not unreasonably withhold or delay its consent to a modification which does not materially adversely affect Tenant’s rights and privileges hereunder or impose material burdens on Tenant.
Appears in 2 contracts
Sources: Office Lease Agreement, Standard Office Lease Agreement (Boston Beer Co Inc)
Prime Lease. Tenant recognizes If Lessor leases the Approved Site, Lessor shall provide ------------ Lessee with a copy of its lease and acknowledges any necessary consent to any Site Lease (the existence "Prime Lease"), which will be attached to and incorporated into the Site Lease as Schedule 6. Lessor shall diligently pursue the written consent of its lessor, if such consent to the Site Lease is required under the Prime Lease. Such written consent shall be attached to the Prime Lease and included in Schedule 6 to the Site Lease. Notwithstanding anything to the contrary contained in this Agreement or in each individual Site Lease, this Agreement and all of Lessee's rights and obligations hereunder are expressly under and subject to the Prime Lease. In the event the Prime Lease expires or is terminated, the respective Site Lease shall terminate as between Lessor and Lessee on the effective date of termination of the Prime Lease, and Lessor shall have no liability to Lessee therefor, unless such termination is due to the intentional misconduct of Lessor. Lessor shall give Lessee written notice of such termination or expiration of the Prime Lease in accordance with paragraph 24(d) below. This Agreement, including any Site Lease, is subordinate and that this Lease is a sublease of a portion of the Landlord’s leasehold estate created by inferior to the Prime Lease. The termination of the Prime Lease for , and Lessee will execute any reason whatsoever shall never constitute a default documents reasonably requested by the Landlord hereunder nor shall such termination entitle Tenant to terminate this Lease or the payment of any rent or other sums due by the Tenant hereunder. Tenant further agrees that this Lease is subject to all of the terms and provisions of the Prime Lease and hereby agrees to be bound by provisions Lessor in furtherance thereof, including but not limited to the provisions relating to employment and non-discrimination. By execution hereof, Tenant hereby acknowledges that it has received a copy of all provisions of the Prime Lease relating to employment and non-discrimination all as set forth on Exhibit C attached hereto. Provided, however, that the execution of this Lease by Landlord shall never be construed to be an approval hereof by the Prime Lessor, it being understood that the Prime Lessor cannot be bound by any act or omission of Landlord. If Prime Lessor shall request a modification of this Lease, Tenant shall not unreasonably withhold or delay its consent to a modification which does not materially adversely affect Tenant’s rights and privileges hereunder or impose material burdens on Tenant.
Appears in 2 contracts
Sources: Build to Suit Agreement (Ipcs Equipment Inc), Build to Suit Agreement (Ipcs Equipment Inc)
Prime Lease. Tenant recognizes If Lessor leases the Approved Site, Lessor shall provide ----------- Lessee with a copy of its lease and acknowledges any necessary consent to any Site Lease (the existence "Prime Lease"), which will be attached to and incorporated into the Site Lease as Schedule 6. Lessor shall diligently pursue the written consent of its lessor, if such consent to the Site Lease is required under the Prime Lease. Such written consent shall be attached to the Prime Lease and included in Schedule 6 to the Site Lease. Notwithstanding anything to the contrary contained in this Agreement or in each individual Site Lease, this Agreement and all of Lessee's rights and obligations hereunder are expressly under and subject to the Prime Lease. In the event the Prime Lease expires or is terminated, the respective Site Lease shall terminate as between Lessor and Lessee on the effective date of termination of the Prime Lease, and Lessor shall have no liability to Lessee therefor, unless such termination is due to the intentional misconduct of Lessor. Lessor shall give Lessee written notice of such termination or expiration of the Prime Lease in accordance with paragraph 24(d) below. This Agreement, including any Site Lease, is subordinate and that this Lease is a sublease of a portion of the Landlord’s leasehold estate created by inferior to the Prime Lease. The termination of the Prime Lease for , and Lessee will execute any reason whatsoever shall never constitute a default documents reasonably requested by the Landlord hereunder nor shall such termination entitle Tenant to terminate this Lease or the payment of any rent or other sums due by the Tenant hereunder. Tenant further agrees that this Lease is subject to all of the terms and provisions of the Prime Lease and hereby agrees to be bound by provisions Lessor in furtherance thereof, including but not limited to the provisions relating to employment and non-discrimination. By execution hereof, Tenant hereby acknowledges that it has received a copy of all provisions of the Prime Lease relating to employment and non-discrimination all as set forth on Exhibit C attached hereto. Provided, however, that the execution of this Lease by Landlord shall never be construed to be an approval hereof by the Prime Lessor, it being understood that the Prime Lessor cannot be bound by any act or omission of Landlord. If Prime Lessor shall request a modification of this Lease, Tenant shall not unreasonably withhold or delay its consent to a modification which does not materially adversely affect Tenant’s rights and privileges hereunder or impose material burdens on Tenant.
Appears in 1 contract
Sources: Master Lease Agreement (Ipcs Inc)