Affiliate of Lessee means any person or entity that directly or indirectly, through one or more intermediaries, controls, is controlled by or is under the common control with, Lessee. As used above, the words "control," "controlled" and "controls" mean the right and power, directly or indirectly through one or more intermediaries, to direct or cause the direction of substantially all of the management and policies of a person or entity through ownership of voting securities or by contract, including, but not limited to, the right to fifty percent (50%) or more of the capital or earnings of a partnership or, alternatively, ownership of fifty percent (50%) or more of the voting stock of a corporation.
Affiliate of Lessee means any person or entity that directly or indirectly controls, is controlled by, or is under common control with, Lessee, (ii) any entity of which Lessee owns ten percent (10%) or more of the outstanding voting securities, or (iii) any entity of which Lessee is a managing or controlling general partner or joint venturer. As used in this definition of "Affiliate," the term "control" means possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of an entity whether through ownership of voting securities, by contract or other written agreement.
Affiliate of Lessee means a wholly owned subsidiary or parent of Lessee. However, any such assignment shall not relieve Lessee of its obligations hereunder and prior to any such assignment being effective, any such assignee must execute and deliver to Lessor an Assignment and Assumption Agreement in a form prepared by Lessor.
Examples of Affiliate of Lessee in a sentence
During the Term, Lessee shall not pay, or become obligated to pay, any fees to any Affiliate of Lessee in connection with the Hotel, other than fees that are subordinated to the payments that are required to be made to Lessor pursuant to this Lease.
All such prospective purchasers must be Persons other than Lessee or any Affiliate of Lessee.
In the event Lessor fails to make such designation within such fifteen (15) day period, Lessee shall be entitled to designate any nationally recognized accounting firm with hospitality division of which Lessee or an Affiliate of Lessee is not a significant client to serve as arbitrator of such dispute within fifteen (15) days after the parties fail to timely make such designation.
Provided, however, to the extent permitted by law, Lessor hereby assigns to Lessee all of Lessor’s rights to proceed against any predecessor in title (other than any Affiliate of Lessee, which conveyed the Property to Lessor) for breaches of warranties or representations or for latent defects in the Leased Property.
In the event Lessee receives any bid, Lessee shall promptly, and in any event at least ten Business Days prior to the proposed date of sale, certify to Lessor in writing the amount and terms of such bid, the proposed date of such sale and the name and address of the person (who shall not be Lessee or any Affiliate of Lessee or any person with whom Lessee or any such Affiliate has an arrangement for the future use of the Aircraft by Lessee or any such Affiliate) submitting such bid.
More Definitions of Affiliate of Lessee
Affiliate of Lessee means a person controlling, controlled by or under common control with Lessee, and shall be deemed and construed to include, but not be limited to, a corporation, limited liability company, or general, limited or limited liability partnership, of which Lessee or an affiliate of Lessee is, respectively, a majority or controlling shareholder, a managing or majority member, or a general or managing partner, regardless of the percentage of Lessee or its affiliate's beneficial interest in such person. In addition, an assignment or sublease pursuant to a merger or consolidation of Lessee or pursuant to a sale of all or a substantial portion of Lessee's assets shall be deemed an assignment (or, if applicable, subletting) to an affiliate of Lessee and shall not require Lessor's prior written consent. No acceptance by Lessor of any performance or rent herein provided to be done or paid by Lessee from any person other than Lessee shall discharge Lessee or any other person liable for performance of Lessee's obligations hereunder (except to the extent of the performance and payments so accepted by Lessor) from liability to pay all of the rent herein provided to be paid by Lessee or from liability to perform any of the terms, covenants, conditions and agreements set forth herein. All references herein to a sublease shall be deemed to include all arrangements for occupancy or other use by any person of all or any part of the Demised Premises, and all references herein to a subtenant shall include any occupant or other user of all or any part of the Demised Premises. In the event of a termination hereof, each subtenant of space within the Demised Premises shall attorn to the Lessor unless the Lessor shall, at the Lessor's option, elect to dispossess such subtenant or otherwise terminate the sublease held by such subtenant. Each subtenant who hereafter subleases space within the Demised Premises shall be deemed to have agreed to the provisions of this Paragraph. Lessee hereby assigns to Lessor the right, following any default by Lessee hereunder which is not cured by Lessee within any applicable cure period, to collect from any and all subtenants all rents and other sums payable by them, and to apply the same to the payment of Rent and all other amounts payable by Lessee hereunder, and any balance shall be paid over to Lessee; but no exercise by Lessor of rights under this Paragraph shall be deemed a waiver by Lessor of any other rights hereunder or be deemed an acceptanc...
Affiliate of Lessee means a corporation or other entity controlled by, controlling or under common control with Lessee. As used in this Lease, the terms "control", "controlled by" or "under common control with" shall mean ownership of (x) more than fifty percent (50%) of the outstanding voting stock of a corporation (or other majority equity and control interest if not a corporation), and (y) the possession of power to direct or cause the direction of the management and policy of such corporation or other entity, whether through the ownership of voting securities, by statute, according to the provisions of a contract. Lessee may sublet all or any portion of the Premises or assign this Lease to an Affiliate of Lessee without Lessor's consent or recapture rights, provided that Lessee shall continue to be liable under this Lease, and in which event the provisions of sub-sections a. and b. hereof shall not apply with respect thereto. Notwithstanding anything contained herein, Lessee shall have the right, without being required to obtain the consent of Lessor (and without complying with the provisons of sub-sections a. and b. hereof), to permit portions of the Demised Premises to be used under so called "desk sharing" arrangements by persons or entities which are an Affiliate of Lessee (any such person or entity, a "User"), and which User shall only use desk space in the Premises for the purposes permitted by this Lease, and subject to and in compliance with the following terms and conditions:
Affiliate of Lessee means and refer to any entity that controls, is controlled by or is under common control with Lessee.
Affiliate of Lessee for purposes of this Section 5.6 shall mean
Affiliate of Lessee means a corporation or other entity controlled by, controlling or under common control with Lessee. As used in this Lease, the terms "control", "controlled by" or "under common control with" shall mean ownership of (x) more than fifty percent (50%) of the outstanding voting stock of a corporation (or other majority equity and control interest if not a corporation), and (y) the possession of power to direct or cause the direction of the management and policy of such corporation or other entity, whether through the ownership of voting securities, by statute or according to the provisions of a contract. Lessee may sublet all or any portion of the Premises or assign this Lease to an Affiliate of Lessee without Lessor's consent or recapture rights, provided that Lessee shall continue to be liable under this Lease. Notwithstanding anything contained herein, Lessee shall have the right, without being required to obtain the consent of Lessor or being subject to Lessor's recapture rights hereunder, to permit portions of the Premises to be used under so called "desk sharing" arrangements by persons or entities which are an Affiliate of Lessee (any such person or entity, a "User"), and which User shall only use desk space in the Premises for the purposes permitted by this Lease, and subject to and in compliance with the following terms and conditions:
Affiliate of Lessee means any person or entity directly or indirectly controlling, controlled by or under common control with, Lessee. For purposes of this definition, the terms “controlling,” “controlled by” and “under common control with” shall mean the possession, whether direct or indirect, of the power to direct or cause the direction of the management and policies of a person or entity, whether through the ownership or control of voting securities, by contract or otherwise, or the power to elect at least fifty percent (50%) of the directors, managers, members or persons exercising similar authority with respect to such persons or entities. If Lessee Transfers its interest in the Property and the Lease Agreement (whether pursuant to Lessor’s consent under Section 8.10 or Section 8.10, as applicable, or to an Affiliate of Lessee without Lessor’s consent pursuant to Section 8.10), Lessee shall remain firstly liable for the performance of this Lease and all of the terms and provisions hereof except in conjunction with Lessee’s transfer of its resort and casino located on real property adjacent to the Property as provided herein below. In no event shall any such assignment or subletting relieve Lessee from its full obligation to perform each, every and all of the provisions of this Lease Agreement, except that a transfer or assignment of Lessee’s interest in the Property and Lease Agreement which is in conjunction with a sale or transfer of Lessee’s resort and casino located on real property adjacent to the Property, shall relieve, release and discharge Lessee from liability and obligations under this Lease from and after the effective date of the transfer or assignment. The transferee needs to fully agree to assume all obligation of the lease.
Affiliate of Lessee means any person or entity directly or indirectly controlling, controlled by or under common control with, Lessee. For purposes of this definition, the terms "controlling," "controlled by" and "under common control with" shall mean the possession, whether direct or indirect, of the power to direct or cause the direction of the management and policies of a person or entity, whether through the ownership or control of voting securities, by contract or otherwise, or the power to elect at least fifty percent (50%) of the directors, managers, members or persons exercising similar authority with respect to such persons or entities.