Sublease Lessee Limitation. Anything contained in this Lease to the contrary notwithstanding, Lessee shall not sublease the Leased Property to, or enter into any similar arrangement with, any Person in which the Company owns, directly or indirectly, a 10% or greater interest, within the meaning of Section 856(d) (2) (B) of the Code, or any similar or successor provisions thereto.
Appears in 8 contracts
Samples: Lease Agreement (Hersha Hospitality Trust), Lease Agreement (Hersha Hospitality Trust), Lease Agreement (Hersha Hospitality Trust)
Sublease Lessee Limitation. Anything contained in this Lease to the contrary notwithstanding, Lessee shall not sublease the Leased Property to, or enter into any similar arrangement with, any Person in which the Company owns, directly or indirectly, a 10% or greater more interest, within the meaning of Section 856(d) (2) (B856(d)(2)(B) of the Code, or any similar or successor provisions thereto.
Appears in 3 contracts
Samples: Lease Agreement (American General Hospitality Corp), Lease Agreement (Capstar Hotel Co), Purchase and Sale Agreement (Prime Hospitality Corp)
Sublease Lessee Limitation. Anything contained in this Lease to the contrary notwithstanding, Lessee shall not sublease the Leased Property to, or enter into any similar arrangement with, any Person in which the Company owns, directly or indirectly, a 10% or greater interest, within the meaning of Section 856(d) (2) (B) of the Code, or any similar or successor provisions thereto.40
Appears in 2 contracts
Samples: Lease Agreement (Hersha Hospitality Trust), Lease Agreement (Hersha Hospitality Trust)
Sublease Lessee Limitation. Anything contained in this Lease to the contrary notwithstanding, Lessee shall not sublease the Leased Property to, or enter into any similar arrangement with, to any Person in which Lessor or the Company direct or indirect owner of Lessor owns, directly or indirectly, a ten percent (10% %) or greater more interest, within the meaning of Section 856(d) (2) (B856(d)(2)(B) of the Code (or, if applicable, a five percent (5%) or more interest as set forth in Section 7704 of the Code), or any similar or successor provisions thereto.
Appears in 2 contracts
Samples: Percentage Lease Agreement (Red Lion Inns Limited Partnership), Percentage Lease Agreement (Boykin Lodging Co)
Sublease Lessee Limitation. Anything contained in this Lease to the contrary notwithstanding, Lessee shall not sublease the Leased Property to, or enter into any similar arrangement with, to any Person in which the Company Bxxxxx Lodging Company, owns, directly or indirectly, indirectly a 10% ten percent or greater more interest, within the meaning of Section 856(d) (2) (B856(d)(2)(B) of the Code, or any similar or successor provisions thereto.
Appears in 1 contract
Samples: Percentage Lease Agreement (South Seas Properties Co LTD Partnership)
Sublease Lessee Limitation. Anything contained in this Lease -------------------------- to the contrary notwithstanding, Lessee shall not sublease the Leased Property to, or enter into any similar arrangement with, any Person in which the Company owns, directly or indirectly, a 10% or greater more interest, within the meaning of Section 856(d) (2) (B856(d)(2)(B) of the Code, or any similar or successor provisions thereto.
Appears in 1 contract
Samples: Lease Agreement (American General Hospitality Corp)
Sublease Lessee Limitation. Anything contained in this Lease to the contrary notwithstanding, Lessee shall not sublease the Leased Property to, or enter into any license, concession or similar arrangement with, any Person in which the Company owns, directly or indirectly, a 10% or greater more interest, within the meaning of Section 856(d) (2) (B856(d)(2)(B) of the Code, or any similar or successor provisions thereto.
Appears in 1 contract
Sublease Lessee Limitation. Anything contained in this Lease to the contrary notwithstanding, Lessee shall not sublease the Leased Property to, or enter into any similar arrangement with, any Person in which the Company owns, directly or indirectly, a ten percent (10% %) or greater more interest, within the meaning of Section 856(d) (2) (B856(d)(2)(B) of the Code, or any similar or successor provisions thereto.
Appears in 1 contract
Sublease Lessee Limitation. Anything contained in this Lease to the contrary notwithstanding, Lessee shall not sublease the Leased Property to, or enter into any similar arrangement with, any Person in which the Company owns, directly or indirectly, a 10% or greater interest, within the meaning of Section 856(d) (2) (B856(d)(2)(B) of the Code, or any similar or successor provisions thereto.
Appears in 1 contract
