Landlord Group definition
Examples of Landlord Group in a sentence
Landlord shall have the right, from time to time, to assign part of its interest and obligations in and under this Lease to a wholly owned subsidiary of Landlord (or a wholly owned subsidiary of Landlord’s parent company), if and to the extent that Landlord determines such partial transfer is necessary or advisable in connection with the status of Landlord, or any other member of the Landlord Group, as a real estate investment trust.
All of Tenant’s insurance policies with respect to the Tenant Space shall be endorsed so as to include a waiver of subrogation in accordance with and to the full extent of Tenant’s waiver of claims with respect to the Landlord Group set forth in Section 14.1.1 of this Lease.
Landlord acknowledges that Tenant’s business operations involve the use of highly sensitive, confidential, and proprietary information, and that it is imperative that Landlord and its agents, consultants, contractors or any prospective tenant or broker (collectively, the “Landlord Group”) be accompanied by an authorized agent of Tenant during any entry onto the Premises by the Landlord Group, except in an emergency.
Because of the sensitive nature of Tenant’s business operations, it may not be possible to provide ready access to the Landlord Group to every part of the Premises at any given time.
Landlord shall be liable for any damage caused by the gross negligence or willful misconduct of Landlord or any of the Landlord Group (as hereinafter defined) in exercising the rights under this Article 14, and not otherwise covered by Tenant’s insurance or the insurance Tenant is required to carry under this Lease.
In the event that any action or proceeding is brought against Landlord or any member of the Landlord Group by reason of any such Claim, Tenant upon notice from Landlord shall defend such action or proceeding at Tenant’s cost and expense by counsel reasonably approved by Landlord.
Tenant, and the other Tenant Parties, shall have the nonexclusive right to use the Common Area as constituted from time to time; such use to be in common with Landlord, the other members of the Landlord Group, other tenants of the Building and other persons entitled to use the same, and subject to such reasonable rules and regulations governing use of the Common Areas as Landlord may from time to time prescribe provided that written notice of such rules and regulations is provided to Tenant.
Landlord hereby agrees to defend, indemnify, and hold harmless Tenant and the other members of the Tenant Group from and against (and to reimburse Tenant and the other members of the Tenant Group for) all Claims to the extent arising from or in connection with the active gross negligence or willful misconduct of Landlord or any member of the Landlord Group at the Property.
Notwithstanding the foregoing, (a) Tenant immediately shall notify Landlord of any claim against Landlord, (b) the Landlord Group shall not be liable for any loss, damage or expense whatsoever to the extent of Tenant's insurance coverage therefor and (c) Tenant shall first seek reimbursement for any such loss, damage or expense against its insurance carrier.
For purposes hereof, “Tenant’s Personal Property” shall mean, collectively, all cable, wiring, connecting lines, and other installations, equipment or property installed or placed by, for, through, under or on behalf of Tenant or any Tenant Party anywhere in the Building and/or the Tenant Space [other than equipment or property owned, leased or licensed by Landlord or any other member of the Landlord Group].