Major Sublease shall have the meaning set forth in Subsection 12.1.1.
Major Sublease means a sublease of 50% or more of the Usable Square Footage of the Premises.
Major Sublease means any of a Major Ground Floor/BSC Sublease, Major Full Term Sublease or Major Partial Term Sublease.
Examples of Major Sublease in a sentence
Nothing herein set forth shall require Tenant to obtain Landlord's consent to a Sublease which is not a Major Sublease so long as (i) the Sublessee is not an Unqualified Person and (ii) the Sublease conforms to the requirements of Section 10.5(a) hereof and is consistent with Article 23 hereof.
More Definitions of Major Sublease
Major Sublease. Any sublease of a portion of the Leased Property which (i) is a Restaurant sublease or other retail sublease important to the successful operation of the Hotel (other than leases of gift shop space or to a service provider, such as a lease to an airline ticket agent or to an overnight courier), (ii), individually (or in the aggregate with all other such non-Restaurant subleases) generates two percent (2%) or more of the Gross Revenues of the Hotel, or (iii) the loss of which could reasonably be expected to cause a material adverse change in the Hotel or Lessee's business at the Hotel.
Major Sublease shall have the meaning set forth in Section
Major Sublease means a sublease of all of the Premises for all of the Term (less one day), provided that the sublease requires the sublessee to perform all of Tenant's obligations hereunder, subject to Section 3.8, grants to the sublandlord all of Landlord's rights hereunder other than pursuant to Section 15.1(c) (which shall not apply to the Major Sublease) and that the sublessee shall not be obligated to enter into, assume or otherwise be liable for obligations under any Tenant Guaranty.
Major Sublease means any sub-lease having a remaining unexpired term of six months or more or providing for a fixed subrent at the rate of $25,000 or more per annum during any year of the term thereof. For purposes of this definition, any two or more subleases with the same person, as subtenant, shall be deemed to be a single sublease providing for a fixed subrent at the aggregate rate per annum specified in such leases;
Major Sublease has the meaning provided in Section 10.2(d) hereof.
Major Sublease means a Sublease of all or substantially all of the Premises.
Major Sublease shall have the meaning set forth in Subsection 11.1.1. 1.1.91 “MAJOR SUBLESSEE” shall have the meaning set forth in Subsection 1.1.92 “MATERIAL MODIFICATION” shall mean a modification to the Redevelopment Work (or other Alterations, as applicable) with respect to which any one of the following applies: (1) the total cost of the modifications exceeds one percent (1%) of the total estimated construction cost of the Redevelopment Work (or the other Alterations that are then proposed to be constructed by Lessee); (2) the proposed modification is structural in nature; (3) the modification materially affects or is visible from the exterior of the Improvements; (4) the modification is not in compliance with the Permitted Uses under this Lease; or (5) the modification (a) changes the total square footage of the Improvements by more than two percent (2%), (b) reduces the number of parking spaces, except for a corresponding reduction in the number of parking spaces required for the Improvements (based on parking ratios required under Applicable Law, without variance) resulting from a reduction in the square footage of the Improvements, or (c) changes the size, configuration or number of anchorage slips or end-ties.