Lessee Agreements definition
Examples of Lessee Agreements in a sentence
No sublease shall in any way discharge or diminish any of Lessee’s obligations hereunder, and Lessee shall remain primarily liable hereunder for the performance of all the terms, conditions and provisions of this Lease and the other Lessee Agreements to the same extent as if such sublease had not been entered into.
So long as no Lease Event of Default, Liquidation Event of Default or Limited Liquidation Event of Default has occurred, the Lessees may use Vehicles leased hereunder in the regular course of their respective businesses, including (subject to Section 25.6 hereof) subleasing such Vehicles to Eligible Franchisees pursuant to Lessee Agreements, including Subleases, used in the ordinary course of Lessees’ businesses.
The Lessee is in compliance with all laws, ordinances, governmental rules and regulations to which it is subject, the failure to comply with which would have a material and adverse effect on its operations or condition, financial or otherwise, or would impair the ability of the Lessee to perform its obligations under the Lessee Agreements, and has obtained all licenses, permits, franchises and other governmental authorizations material to the conduct of its business.
There is no fact peculiar to the Lessee which the Lessee has not disclosed to the Participants in writing which has a Material Adverse Effect on nor, so far as the Lessee can now foresee, will have a Material Adverse Effect on the business, Properties or financial condition of the Lessee or impair the ability of the Lessee to perform its obligations under the Lessee Agreements.
Each of the Lessee Agreements has been duly executed and delivered by the Lessee.