Sublease by the Company. The Company may sublease the Project to the Subtenant and other subtenants pursuant to the terms of the PILOT Agreement. In the event of any such subleasing, the Company shall remain fully liable for the performance of its duties and obligations hereunder, and no such subleasing and no dealings or transactions between the Issuer or the Trustee and any such subtenant shall relieve the Company of any of its duties and obligations hereunder. All subleases shall be subject and subordinate in all respects to the provisions of this Lease. Nothing in this Lease shall allow the Issuer, its successors or assigns, to disturb the rights of any subtenant of the Company to use the Project under the terms and conditions as set forth in such subtenant’s sublease with the Company. The sublease with the Subtenant is hereby approved.
Sublease by the Company. The Company may sublease individual apartment units and parking spaces in the Project for ordinary residential and parking uses without the further consent of the Issuer or the Owners of all of the Outstanding Bonds, but may only sublease the Project as a whole or sublease the Project for purposes other than residential and parking uses with the prior written consent of the Issuer and the Owners of all of the Outstanding Bonds. In the event of any such subleasing, the Company shall remain fully liable for the performance of its duties and obligations hereunder, and no such subleasing and no dealings or transactions between the Issuer or the Trustee and any such subtenant shall relieve the Company of any of its duties and obligations hereunder. All subleases shall be subject and subordinate in all respects to the provisions of this Lease. Nothing in this Lease shall allow the Issuer, its successors or assigns, to disturb the rights of any subtenant of the Company to use the Land and the Improvements thereon under the terms and conditions as set forth in such subtenant's lease with the Company.
Sublease by the Company. The Company may rent and sublease all or portions of the Project for use by others in the normal course of its business without the consent of the Issuer. Any such subleases entered into after the effective date of this Lease Agreement shall be subject and subordinate in all respects to the provisions of this Lease Agreement. Nothing in this Lease Agreement shall allow the Issuer, its successors or assigns, to disturb the rights of a sublessee to use the Project under the terms and conditions as set forth in such sublessee’s sublease with the Company.
Sublease by the Company. Subject to the terms of the PILOT Agreement, the Company may sublease the Project to the Subtenant without the further consent of the Issuer or the Owners of all of the Outstanding Bonds. Except with respect to the Subtenant, the Company may only sublease the Project as a whole with the prior written consent of the Issuer and the Owners of all of the Outstanding Bonds. In the event of any such subleasing, the Company shall remain fully liable for the performance of its duties and obligations hereunder, and no such subleasing and no dealings or transactions between the Issuer or the Trustee and any such subtenant shall relieve the Company of any of its duties and obligations hereunder. All subleases shall be subject and subordinate in all respects to the provisions of this Lease. Nothing in this Lease shall allow the Issuer, its successors or assigns, to disturb the rights of any the Subtenant to use the Project under the terms and conditions as set forth in the Subtenant’s sublease with the Company. The Issuer hereby consents to the sublease of the Project to the Subtenant; provided, however, that (a) the Company shall remain fully liable for the performance of its duties and obligations hereunder, (b) the sublease to the Subtenant shall not relieve the Company of any of its duties and obligations hereunder and (c) the sublease to the Subtenant shall expressly provide that it is subject and subordinate in all respects to the provisions of this Lease.
Sublease by the Company. Except as provided in this Section, the Company may sublease all or portions of the Project for use by others in the normal course of its business without the Issuer's prior consent or approval, but with not less than 10 days’ prior written notice to the Issuer. Such notice shall identify the name of the subtenant, the type of entity of the subtenant and its state of organization or formation, if applicable, and provide a brief description of the nature of the business to be conducted by the proposed subtenant at the Project. If, within 10 days after receiving notice from the Company of its intent to enter into a sublease, the City Manager provides written notice to the Company that, in its or her judgment, it is in the best interest of the Issuer to require the Governing Body’s consent to the proposed sublease, such sublease shall not become effective until the Company receives the written consent of the Issuer to such sublease. In the event of any such subleasing, the Company shall remain fully liable for the performance of its duties and obligations hereunder, and no such subleasing and no dealings or transactions between the Issuer or the Trustee and any such subtenant shall relieve the Company of any of its duties and obligations hereunder. Any such sublease shall be subject and subordinate in all respects to the provisions of this Lease.
Sublease by the Company. Subject to the terms of the PILOT Agreement, the Company may sublease the Project to the Subtenants without the further consent of the Issuer or the Owners of all of the Outstanding Bonds. Except with respect to the Subtenants, the Company may only sublease the Project as a whole with the prior written consent of the Issuer and the Owners of all of the Outstanding Bonds. In the event of any such subleasing, the Company shall remain fully liable for the performance of its duties and obligations hereunder, and no such subleasing and no dealings or transactions between the Issuer or the Trustee and any such subtenants shall relieve the Company of any of its duties and obligations hereunder. All subleases shall be subject and subordinate in all respects to the provisions of this Lease. Nothing in this Lease shall allow the Issuer, its successors or assigns, to disturb the rights of the Subtenants to use the Project under the terms and conditions as set forth in the Subtenants’ subleases with the Company. The subleases with the Subtenants are hereby approved.
Sublease by the Company. The Company may sublease the Project to the Subtenant and other subtenants pursuant to the terms of the PILOT Agreement. In the event of any such subleasing, the Company shall remain fully liable for the performance of its duties and
