Subleases. At any time and from time-to-time, and without any consent from or approval by Lessor, Lessee may enter into a Permitted Sublease. For purposes hereof, the term “Permitted Sublease” means a Sublease which is either (i) a Sublease with a Permitted Lessee Transferee so long as within ten (10) Business Days after Lessee’s entering into any such Sublease with a Permitted Lessee Transferee, Lessee shall provide Lessor with a copy of the executed sublease agreement, or (ii) any other Sublease approved in writing by Lessor. Lessee shall not enter into any Sublease other than a Permitted Sublease, and any Sublease other than a Permitted Sublease shall be null and void ab initio. Renewals of any Permitted Sublease shall be deemed to be a new Sublease for purposes of this Section 17.1(b) and shall not constitute a Permitted Sublease unless such renewal otherwise qualifies as a Permitted Sublease at the time of such renewal.
Appears in 6 contracts
Samples: Services Agreement (Arc Logistics Partners LP), Services Agreement (CorEnergy Infrastructure Trust, Inc.), Membership Interests Purchase Agreement (Arc Logistics Partners LP)
Subleases. At any time and from time-to-time, and without any consent from or approval by LessorLandlord, Lessee Tenant may enter into a Permitted Sublease. For purposes hereof, the term “Permitted Sublease” means a Sublease which is either (i) a Sublease with a Permitted Lessee Tenant Transferee so long as within ten (10) Business Days after LesseeTenant’s entering into any such Sublease with a Permitted Lessee Tenant Transferee, Lessee Tenant shall provide Lessor Landlord with a copy of the executed sublease agreement, or (ii) any other Sublease approved in writing by LessorLandlord. Lessee Tenant shall not enter into any Sublease other than a Permitted Sublease, and any purported Sublease other than a Permitted Sublease shall be null and void ab initio. Renewals of any Permitted Sublease shall be deemed to be a new Sublease for purposes of this Section 17.1(b) and shall not constitute a Permitted Sublease unless such renewal otherwise qualifies as a Permitted Sublease at the time of such renewal.
Appears in 3 contracts
Samples: Purchase and Sale Agreement (Energy XXI LTD), Purchase and Sale Agreement (CorEnergy Infrastructure Trust, Inc.), Connection and Access Agreement (CorEnergy Infrastructure Trust, Inc.)
Subleases. At any time and from time-to-time, and without any consent from or approval by LessorLandlord, Lessee Tenant may enter into a Permitted Sublease. For purposes hereof, the term ““ Permitted SubleaseSublease ” means a Sublease which is either (i) a Sublease with a Permitted Lessee Tenant Transferee so long as within ten (10) Business Days after LesseeTenant’s entering into any such Sublease with a Permitted Lessee Tenant Transferee, Lessee Tenant shall provide Lessor Landlord with a copy of the executed sublease agreement, or (ii) any other Sublease approved in writing by LessorLandlord. Lessee Tenant shall not enter into any Sublease other than a Permitted Sublease, and any purported Sublease other than a Permitted Sublease shall be null and void ab initioinitio . Renewals of any Permitted Sublease shall be deemed to be a new Sublease for purposes of this Section 17.1(b17.1(b ) and shall not constitute a Permitted Sublease unless such renewal otherwise qualifies as a Permitted Sublease at the time of such renewal.
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