Mesne Lease definition
Examples of Mesne Lease in a sentence
The cost of demolition, repair and restoration shall be paid for out of the Net Award (as same is defined in the Mesne Lease) pursuant to the provisions of Section 16.04 of the Mesne Lease to the extent that said Net Award shall be available therefor.
Any excess of such deposits in the hands of the Escrow Agent immediately after such payment under the Mesne Lease shall be credited on account of the next monthly deposit.
To the extent that it shall be permissible under the Ground Lease and the Mesne Lease, Sublessee may, without expense to Sublessor, participate in any arbitration or other proceeding by which the Ground Rent is fixed.
CON 5024 PAGE 544 Nothing herein shall require Sublessee to pay any portion of the Impositions in respect of the Demised Premises which shall be payable by the Ground Lessor except to the extent that Sublessor, as Tenant under the Mesne Lease shall be obligated to pay, or reimburse the Landlord for the payment of, the same.
In the event that the accumulated monthly deposits shall be insufficient to pay any portion of such real estate taxes under the Mesne Lease at least thirty days prior to the date when the same shall become due and payable thereunder, Sub-subtenant shall, immediately upon demand by Sub-sublandlord, deposit with the Escrow Agent an additional sum which, when added to such accumulated deposits, shall be sufficient to pay such real estate taxes.
On February 1st, 1958 and on the 1st day of each month thereafter, Sublessee shall deposit with the Escrow Agent a sum equal to one-twelfth of that portion of the real estate taxes for the then current tax year which is required to be paid pursuant to the Mesne Lease or, in the event that the amount of such real estate taxes shall not then have been fixed, such deposit shall be based upon real estate taxes for the preceding tax year.
This lease is subject and subordinate to the Grant of Term, the Ground Lease, the Mesne Lease, the Operating Lease and to all of the terms, covenants and conditions of each of them.
In the event of an assignment, sale or other transfer of Sublessor's interest in this lease and the Mesne Lease after December 31, 1958, any sums held by the Escrow Agent shall thereupon be delivered, subject to the provisions of this Section 2.05, to an attorney or attorneys selected by the assignee or transferee and approved by Sublessee, which approval shall not be unreasonably withheld.
Upon receipt by Sublessor or such insurance trustee of satisfactory evidence of the character required by clauses (1) and (2) of this Section 15.02 that the restoration has CON 5024 PAGE 573 48 been completed and paid for in full and that there are no liens of the character referred to therein, any balance of the insurance money held by Sublessor or such insurance trustee or to which Sublessor may be entitled pursuant to the Mesne Lease shall be paid to Sublessee.
All Impositions payable by Sub-subtenant hereunder, other than real estate taxes, shall be paid by Sub-subtenant (a) to Sublessor at least fifteen days before the date on which the same shall become payable by Sub-lessor to Landlord pursuant to Article 3 of the Mesne Lease, or (b) if permitted by the Mesne Lease, directly to the governmental authority to which said Imposition is payable, on or before the last day on which the same may be paid without penalty.