Lessee Release definition
Examples of Lessee Release in a sentence
If Lessee fails to deliver the executed Lessee Release within ten days after Lessor’s request therefor, Lessor shall have the right to execute the Lessee Release on behalf of and in the name of Lessee, and Lessee hereby grants to Lessor an irrevocable power of attorney coupled with an interest for such purpose.
Lessor shall have the right to record the Lessee Release at any time after the expiration or termination of this Lease.
All rights and obligations of the Parties set forth in Section 11.13 of the Lease with respect to or otherwise in connection with the Lessee Release shall be applicable to the Memorandum Amendment, and are incorporated into this Amendment by this reference as if fully set forth herein.
Notwithstanding anything to the contrary contained herein, on an Initial Intermediate Lessee Release Date, for purposes of the Loan Documents, the applicable Initial Intermediate Lessee shall cease to be a Borrower Party.
All rights and obligations of the Parties set forth in Section 11.13 of the Original Lease with respect to or otherwise in connection with the Lessee Release shall be applicable to the Memorandum Second Amendment, and are incorporated into this Second Amendment by this reference as if fully set forth herein.
All rights and obligations of the Parties set forth in Section 11.13 of the Original Lease with respect to or otherwise in connection with the Lessee Release shall be applicable to the Memorandum Third Amendment, and are incorporated into this Third Amendment by this reference as if fully set forth herein.
Such consent requires the prospective lessee to be approved for residency by Us and a Sublet Permission Form, Lessee Addition Addendum, or Lessee Release Addendum, as applicable, be completed and signed by all Parties to the lease.