Relationship to Prime Lease Sample Clauses

Relationship to Prime Lease. Sublessee hereby assumes and agrees to perform all obligations of Sublessor as tenant under the Prime Lease to the extent and only to the extent the same relate to the Space, and Sublessee agrees to abide by and comply with all of the provisions of the Prime Lease during the Term of this Sublease, as the same relate to the Space, except that: (i) the payment of rent by Sublessee will be replaced by the provisions of paragraph 3 of this Sublease; (ii) Sublessee shall not have any right to renew or extend the term of the Lease or expand the Leased Premises granted to Sublessor in the Prime Lease, all parties hereby agreeing that such rights shall be exclusive to Sublessor; (iii) the value of the general commercial liability insurance policy required to be maintained by Sublessee will be as provided in paragraph 11 of this Sublease, and (iv) Sublessee shall not have any right to any “Extension Allowance”, tenant improvement allowance, any payments due under any Profits Interest Agreement between Sublessor and Landlord, or any other type of incentive or inducement granted to Sublessor as tenant under the Prime Lease. Except as otherwise specifically set forth in this Sublease, Sublessor expressly retains and reserves all rights and benefits applicable to Sublessor as tenant under the Prime Lease and any Profits Interest Agreement.
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Relationship to Prime Lease. This Sublease and all of Subtenant's rights hereunder are expressly subject to and subordinate to all of the terms and conditions of the Prime Lease. Subtenant hereby acknowledges that it has received a copy of the Prime Lease and all of the instruments incorporated therein by reference, and has read all of the terms and conditions thereof, including without limitation the terms and conditions of that certain Participation Agreement dated as of March 18, 1994 between and among Alphafax Properties Limited Partnership, Equifax Inc., Equifax Properties, Inc., First Chicago Leasing Corporation, Equifax Business Trust No. 1994-A, Wilmington Trust Company, Willxxx X. Xxxx, XxtionsBank of Georgia, National Association, and Trust Company Bank. Sublandlord shall provide to Subtenant copies of all modifications or amendments to the Prime Lease or such other instruments which in any manner affect Subtenant's obligations hereunder. Subtenant hereby agrees to and does assume all obligations of Sublandlord, as Lessee under the Prime Lease, with respect to the Subleased Premises. All of the terms and conditions of the Prime Lease are hereby incorporated into this Sublease by reference as if fully set forth herein; provided, however, that Subtenant shall have no rights whatsoever to exercise rights or privileges of Sublandlord pursuant to Articles 12 (lease renewal), 13 (buyout), 14 (early termination; obsolescence or uneconomic usefulness termination), 19 (right of first offer) and 21 (rejectable offers), and except that "Lessor" shall be read as "Sublandlord" and "Lessee" shall be read as "Subtenant"; and provided, further, however, that Subtenant hereby acknowledges that Subtenant shall look solely to Sublandlord for the performance of all the Prime Landlord's obligations under the Prime Lease and that Sublandlord shall not be obligated with respect to such obligations unless the same are fulfilled by the Prime Landlord under the Prime Lease.
Sample 1
Relationship to Prime Lease. This Sublease and all of Subtenant's rights hereunder are expressly subject to and subordinate to all of the terms and conditions of the Prime Lease. Subtenant hereby acknowledges that it has received a copy of the Prime Lease and all of the instruments incorporated therein by reference, and has read all of the terms and conditions thereof, including without limitation the terms and conditions of that certain Participation Agreement dated as of March 18, 1994 between and among Alphafax Properties Limited Partnership, Equifax Inc., Equifax Properties, Inc., First Chicago Leasing Corporation, Equifax Business Trust No. 1994-A, Wilmington Trust Company, Willxxx X. Xxxx, XxtionsBank of Georgia, National Association, and Trust Company
Sample 1
Relationship to Prime Lease. The Sublease shall be subject and --------------------------- subordinate at all times to the Prime Lease and to all of its provisions, covenants and conditions. Subtenant shall not violate any of the provisions of the Prime Lease, and shall perform all obligations of Subtenant under the Sublease and all provisions of the Prime Lease to the extent that Subtenant is obligated to do so under the Sublease (including, without limitation, insurance requirements, as though Subtenant were the "Tenant" under the Prime Lease). In case of any conflict between the provisions of the Prime Lease and the provisions of the Sublease, as between Landlord and Sublandlord, and as between Landlord and Subtenant, the provisions of the Prime Lease shall prevail unaffected by the Sublease, except as otherwise provided in this Agreement.
Sample 1

Related to Relationship to Prime Lease

  • Relationship to Plan This Award is subject to all of the terms, conditions and provisions of the Plan and administrative interpretations thereunder, if any, which have been adopted by the Committee thereunder and are in effect on the date hereof. Except as defined or otherwise specifically provided herein, capitalized terms shall have the same meanings ascribed to them under the Plan.

  • Relationship to Other Agreements Subject to the limitations set forth below, in the event of any actual or alleged conflict between the provisions of this Award Agreement and (i) any other agreement regarding your employment with the Employer (“Employment Agreement”), or (ii) any prior agreement or certificate governing any award of a direct or indirect equity interest in the Company (the documents described in clauses (i) and (ii) hereof being collectively referred to as the “Other Agreements”), the provisions of this Award Agreement shall control and, to the extent of any conflict, be deemed to amend such Other Agreements. Notwithstanding the foregoing, in the event that the Notice Period referred to in Paragraph 5 or the Nondisclosure Period or Covenant Period referred to in Paragraph 6 of this Award Agreement is shorter in duration than that provided in an Employment Agreement, the Notice Period, Nondisclosure Period or Covenant Period (as applicable) set forth in the Employment Agreement shall apply.

  • Reservation of Right to Terminate Relationship Nothing contained in this Agreement shall restrict the right of the Company to terminate the relationship of the Optionee at any time, with or without cause. The termination of the relationship of the Optionee by the Company, regardless of the reason therefor, shall have the results provided for in Sections 3 and 4 of this Agreement.

  • Commercial Relationship The Employee expressly acknowledges that the Employee’s participation in the Program and the Company’s grant of the Award does not constitute an employment relationship between the Employee and the Company. The Employee has been granted the Award as a consequence of the commercial relationship between the Company and the Company’s Subsidiary in Mexico that employs the Employee, and the Company’s Subsidiary in Mexico is the Employee’s sole employer. Based on the foregoing: (a) the Employee expressly acknowledges that the Program and the benefits derived from participation in the Program do not establish any rights between the Employee and the Subsidiary in Mexico that employs the Employee; (b) the Program and the benefits derived from participation in the Program are not part of the employment conditions and/or benefits provided by the Subsidiary in Mexico that employs the Employee; and (c) any modifications or amendments of the Program or benefits granted thereunder by the Company, or a termination of the Program by the Company, shall not constitute a change or impairment of the terms and conditions of the Employee’s employment with the Subsidiary in Mexico.

  • Relationship to the Plan This grant of Performance Units is subject to all of the terms, conditions and provisions of the Plan and administrative interpretations thereunder, if any, that have been adopted by the Board. Except as otherwise defined in this Award Agreement, capitalized terms shall have the same meanings given to them under the Plan. To the extent that any provision of this Award Agreement conflicts with the express terms of the Plan, the terms of the Plan shall control and, if necessary, the applicable provisions of this Award Agreement shall be hereby deemed amended so as to carry out the purpose and intent of the Plan. References to the Participant also include the heirs or other legal representatives of the Participant.

  • Termination of Relationship with the Company If the Participant ceases to be an Eligible Participant for any reason, then, except as provided in paragraphs (d) and (e) below, the right to exercise this option shall terminate three months after such cessation (but in no event after the Final Exercise Date), provided that this option shall be exercisable only to the extent that the Participant was entitled to exercise this option on the date of such cessation. Notwithstanding the foregoing, if the Participant, prior to the Final Exercise Date, violates the non-competition or confidentiality provisions of any employment contract, confidentiality and nondisclosure agreement or other agreement between the Participant and the Company, the right to exercise this option shall terminate immediately upon such violation.

  • Relationship to Other Benefits No payment under the Plan shall be taken into account in determining any benefits under any pension, retirement, profit sharing, group insurance or other benefit plan of the Company except as otherwise specifically provided in such other plan.

  • Relationship Among the Parties Consultant acknowledges that it is not an officer, director or agent of the Company, it is not, and will not, be responsible for any management decisions on behalf of the Company, and may not commit the Company to any action. The Company represents that the consultant does not have, through stock ownership or otherwise, the power neither to control the Company, nor to exercise any dominating influences over its management. Consultant understands and acknowledges that this Agreement shall not create or imply any agency relationship among the parties, and Consultant will not commit the Company in any manner except when a commitment has been specifically authorized in writing by the Company. The Company and the Consultant agree that the relationship among the parties shall be that of independent contractor.

  • Relationship of the Parties The relationship between the parties is that of independent contractors. Nothing contained in this Agreement shall be construed as creating any agency, partnership, joint venture or other form of joint enterprise, employment or fiduciary relationship between the parties, and neither party shall have authority to contract for or bind the other party in any manner whatsoever.

  • Confidential Relationship Any information and advice furnished by any party to this Agreement to the other party or parties shall be treated as confidential and shall not be disclosed to third parties without the consent of the other party hereto except as required by law, rule or regulation. The Manager hereby consents to the disclosure to third parties of (i) investment results and other data of the Manager or the Portfolio in connection with providing composite investment results of the Adviser and (ii) investments and transactions of the Manager or the Portfolio in connection with providing composite information of clients of the Adviser.

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