Existing Ground Leases definition
Examples of Existing Ground Leases in a sentence
Lessor further agrees that Lessor shall timely exercise any options to renew or extend contained in the Existing Ground Leases, as and to the extent necessary from time to time so that each Existing Ground Lease shall not expire prior to the expiration or termination of this Lease as it applies to the Leased Property affected by such Existing Ground Lease (including any Extended Terms applicable to such Leased Property).
Section 21.5.1 Tenant shall, at its own cost and expense, fully observe, perform and comply with all of the obligations of Lessor, as lessee, under all Existing Ground Leases, including, without limitation, all obligations relating to use of the Leased Properties, payment of ground rents, taxes, assessments and utility charges, maintenance and alterations of the Leased Properties and assignment and subletting.
Section 21.5.1 Tenant shall, at its own cost and expense, fully observe, perform and comply with all of the obligations of Lessor, as lessee, under all Existing Ground Leases, if any, including, without limitation, all obligations relating to use of the Leased Properties, payment of ground rents, taxes, assessments and utility charges, maintenance and alterations of the Leased Properties and assignment and subletting.
No Tenant shall amend or modify any of the Existing Ground Leases without Landlord’s prior written consent, which consent may be granted or withheld in Landlord’s discretion.
Landlord shall notify Tenant of each modification to the Existing Ground Leases of a material nature, to the extent said modifications pertain to Tenant, Tenant’s obligations hereunder or the Premises and will, from time to time provide to Tenant copies of said modifications.