Second Tier Sublease Sample Clauses
A Second Tier Sublease clause permits a tenant who is already leasing a property to sublease all or part of the premises to another party, who may then further sublease the space to a third party. This clause typically outlines the conditions under which such sub-subleasing is allowed, such as requiring the landlord’s prior written consent and ensuring that all subleases remain subject to the terms of the original lease. Its core practical function is to provide flexibility for tenants to manage their space needs while protecting the landlord’s interests by maintaining oversight and control over all occupants of the property.
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Second Tier Sublease. The parties specifically recognize and agree that if any Second Tier Sublease shall terminate for any reason other than the successful enforcement of a default regarding the use of Real Property for purposes consistent with Section 159.701 - .7095 of the Florida Statutes as amended from time to time, then, so long as such default is cured as otherwise provided in the Second Tier Sublease, then Boca Park shall enter into a new lease of the Real Property with the first Leasehold Mortgagee of Sub-Tenant’s interest, if any, on the same terms and conditions set forth in the Second Tier Sublease, provided that the same is consistent with the Master Lease and the First Tier Sublease and so long as any default under the Second Tier Sublease has been cured and that such new lease shall not affect the interest of the Sub-sublessee or any Sub-sublessee mortgagee which shall survive and be applicable to said new lease.
Second Tier Sublease. The parties specifically recognize and agree that if any Second Tier Sublease shall terminate for any reason other than the successful enforcement of a default regarding the use of Real Property for purposes consistent with Section 159.701 - .7095 of the Florida Statutes, as amended from time to time, then Boca Park shall enter into a new lease of the Real Property with the first Mortgagee of Sub- Tenant’s interest, if any, on the same terms and conditions set forth in the Second Tier Sublease, provided that the same is consistent with the Master Lease, First Tier Sublease and so long as any default under the Second Tier Sublease has been cured and that such new lease shall not affect the interest of the Sub-sublessee or any Sub-sublessee mortgagee which shall survive and be applicable to said new lease.