Underlying Lease Sample Clauses
Underlying Lease. Retirement Community Development and Lease Agreement, dated as of April 1, 1989, by and between UREF Retirement Corporation (Lessor) and Marriott Corporation (Lessee), as assigned pursuant to the Assignment of Lease, dated as of October 7, 1993, by Marriott Corporation (Assignor) to HMC Retirement Properties, Inc. (Assignee). Non-Disturbance and Recognition Agreement, dated as of October 8, 1993, by and among UREF Retirement Corporation, Host Marriott Corporation, HMC Retirement Properties, Inc., Marriott International Inc. and Marriott Senior Living Services Inc. (The Colonnades).
Underlying Lease. This Sublease shall be expressly subject and subordinate to the terms of the Underlying Lease, which provision shall be self-operative, but Sublessee shall within ten (10) days of Sublessor’s request execute any instrument reasonably requested by Sublessor or Underlying Landlord to evidence or confirm the same. If the Underlying Lease is terminated for any reason whatsoever, Underlying Landlord, at Underlying Landlord's option, may take over all of the right, title and interest of Sublessor under the Sublease and the Sublessee, at Underlying Landlord's option, shall attorn to Underlying Landlord and perform for Underlying Landlord’s benefit all the terms, covenants and conditions of such Sublease as if such Sublease were a direct lease between Underlying Landlord and Sublessee; provided however, Underlying Landlord shall not be (1) liable for any act or omission of the transferor under such Sublease (except for any such acts or omissions that (x) continue after the date that Landlord succeeds to the interest of the Sublessor under the Sublease, and (y) may be remedied by providing a service or performing a repair), (2) subject to any defense or offsets which the Sublessee may have against the Sublessor that accrue prior to the date that Underlying Landlord succeeds to the interest of the Sublessor, (3) bound by any previous payment that the Sublessee made to the Sublessor more than thirty (30) days in advance of the date that such payment was due, (4) bound by any obligation to make any payment to or on behalf of the Sublessee that accrues prior to the date that Underlying Landlord succeeds to the interest of the Sublessor under this Sublease, (5) bound by any obligation to perform any work or to make improvements to the Sublet Premises (other than the obligation to perform maintenance, repairs or restoration that in each case first becomes necessary from and after the date that Underlying Landlord succeeds to the interest of the Sublessor under the Sublease), (6) bound by any amendment or modification of this Sublease made without Underlying Landlord's consent (it being agreed that no such consent shall be required pursuant to this subclause (6) for any amendment or modification of the Sublease expressly contemplated herein or otherwise previously approved by Underlying Landlord (e.g., a renewal right), and (7) bound to return the Sublessee's security deposit, if any, until such deposit has come into Underlying Landlord's actual possession and the Subless...
Underlying Lease. Tenant acknowledges that it has been advised of that certain Amended and Restated Lease Agreement between the Government of the United States, as Lessor and Landlord, as Lessee, dated June 18, 2010, as the same may be further amended, modified or supplemented from time to time, the “Underlying Lease.” Notwithstanding anything to the contrary set forth in this Lease, Tenant agrees that it will not intentionally do or cause to be done anything which would constitute a breach of obligations of Landlord as Lessee under said Underlying Lease. Landlord shall notify Tenant in writing of any future amendments thereto, which would reasonably be considered to affect Tenant’s obligations under this Section 33.
Underlying Lease. (a) The parties agree that this Sublease shall be subject and subordinate to all of the terms, covenants, conditions and provisions of the lease dated as of December 22, 1997 between Boston Properties Limited Partnership, as landlord ("Landlord"), and Cambridge Technology Partners (Massachusetts) Inc., ("Cambridge") as tenant, covering the subleased premises and other premises in the Building, as amended by first amendment to lease dated as of June 29, 1999 between Landlord and Cambridge, and as assigned by Cambridge to Sublessor by assignment and assumption of lease dated as of January l, 2002 (said lease, as so amended and assigned, the "Underlying Lease"). A redacted copy of the Underlying Lease has been delivered to and examined by Subtenant.
(b) The terms, covenants, conditions and provisions contained in the Underlying Lease (including but not limited to the remedies provided thereunder) are incorporated herein by reference, and shall, as between Sublessor and Subtenant constitute the terms, covenants, conditions and provisions of this Sublease, as if all references to the landlord thereunder were references to Sublessor, as if all references to the tenant thereunder were references to Subtenant and as if all references to the Premises (as such term is defined in the Underlying Lease) thereunder were references to the subleased premises, (i) except that all references in the Underlying Lease, as incorporated herein by reference, to "Tenant's Property" shall apply only to Subtenants property and all references in the Underlying Lease, as incorporated herein by reference, to "Annual Fixed Rent" shall refer to base rent hereunder and (ii) except to the extent that they are inapplicable to, inconsistent with, or modified by the provisions of this Sublease. Subtenant agrees to faithfully observe and perform the terms, covenants, conditions and provisions on its part to be observed and performed hereunder as well as those terms, covenants, conditions and provisions on its part to be observed and performed by the tenant under the Underlying Lease including, without limitation, the obligation to pay all rent, additional rent and all other charges and sums thereunder, except to the extent that they are inapplicable to, inconsistent with or modified by the provisions of this Sublease. Sublessor and Subtenant hereunder shall have the respective remedies of landlord and tenant under the Underlying Lease. Nothing contained in this Sublease shall be construed to c...
Underlying Lease defined in the Preliminary Statement.
Underlying Lease. The parties agree that this Sublease shall be ---------------- subject and subordinate to all of the terms, covenants, conditions and provisions of the lease dated April 29, 1998 between Triangle Service Center, Inc., as Sublessor, and Sublessor as Subtenant, which lease has or may be modified by Agreement (such lease as amended is hereinafter referred to as the "Underlying Lease"), and which Underlying Lease covers certain premises (the "Entire Premises"), which is more particularly described in Exhibit "B" annexed hereto as to which the Subleased Premises are a part, and to all of the title and other matters to which the Underlying Lease is subject or subordinate, including, without limitation, each of the instruments and matters listed in Exhibit "C" annexed hereto. A copy of the Underlying Lease and each of the instruments listed in Exhibit "C" have been delivered to and examined by Subtenant.
Underlying Lease. If Ground Lessor owns a leasehold estate, and not a fee estate, in the Parcel, the terms and conditions of the lease governing Ground Lessor's leasehold estate are incorporated herein by reference. Ground Lessee shall use commercially reasonable efforts to cause the Lessee under the Lease to comply with all requirements of that underlying lease. During any period in which the Lease is no longer in effect, Ground Lessor shall have no liability or responsibility to Ground Lessee or the Holders for the failure of Ground Lessee to comply or to cause Ground Lessee's assignee, sublettee or other tenant to comply, with the terms and conditions of that underlying lease or for the results or consequences of any such failure.
Underlying Lease. Each party hereto agrees to perform and comply with the terms, provisions, covenants and conditions of the Prime Lease and not to do or suffer or promote anything to be done that would result in a default under or cause the Prime Lease to be terminated or forfeited. Except as otherwise specifically provided herein, all terms, conditions, covenants and provisions in the underlying Lease shall prevail. This Sublease Agreement is contingent upon the approval of the Landlord, as provided by the underlying Prime Lease. Sublessor represents to Sublessee that the Prime Lease is in full force and that no default exists on the part of any party to the Prime Lease.
Underlying Lease. Landlord and SH & H Valuation, LLC (“Tenant”), have entered into that certain Lease Agreement dated August 1 , 20 20 (the “Lease”) concerning the leased space commonly known as 0000 Xxxxxx Xxxxx Xxxx , Xxxxx 000 , Xxxxxxxxxx Xxxxx , XX 00000 (the “Premises”).
Underlying Lease. If this Lease is in fact a sublease, Tenant accepts this Lease subject to all of the terms and conditions of the underlying lease under which Landlord holds the Project or the Building as lessee. Tenant covenants that it will do no act or thing which would constitute a violation by Landlord of its obligation under such underlying lease; provided, however, that Tenant's agreement in this regard is premised on Landlord's assurances to the effect that the terms of this Lease do not violate such underlying lease.