New Sublease definition

New Sublease shall have the meaning set forth in Section 8.8.1.
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New Sublease means a sublease of the whole of the Coventry Property to be granted by the Vendor as Transferee of the Coventry Lease at the passing rent currently payable under the Coventry Lease for a term of five years commencing on the date of the Assignment with a rent review at 25/12/2001 substantially in the form of the Coventry Lease except that the Tenant shall not be liable to keep the premises the subject of the demise in a better state or condition than at the date of this Agreement and the Lease shall contain an option for the Tenant upon giving not less than 6 months' notice before the end of the term for a further lease for a term expiring 10 years after the date of the Assignment with a review as at 25.12.
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New Sublease means, with respect to any Sublease, a new direct lease of the applicable Subleased Premises with Landlord or Successor Tenant, as applicable. Any New Sublease shall:
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Examples of New Sublease in a sentence

  • In December 2016, we entered into the New Sublease with Wellspring for office space in San Diego, California.

  • See Note 10, Commitments and Contingencies, for further details of the terms of the Sublease and New Sublease.

  • Any person who subleases the Leased Property pursuant to a New Sublease shall covenant that its use and operation of the Leased Property, and all activities conducted on the Leased Property during the term of the New Sublease, shall be in compliance with, and conducted in a manner so as not to give rise to liability under, any applicable environmental law.

  • The New Sublease commenced in June 2017 and will expire on October 31, 2019.

  • Clearly, here is one step that could be taken to bring competition policy considerations into anti-dumping policy without changing the international rules: all that appears to be required is that the existing GATT Code provisions be properly implemented.

  • If the Leased Property has been subleased by BB&T pursuant to a New Sublease, upon termination of this Site Agreement any New Sublease, by the terms thereof, shall also terminate.

  • If Prime Landlord exercises its Relocation Right, it is anticipated that the square footage of the New Sublease Premises will not be materially smaller than the Present Sublease Premises, but if the square footage of the New Sublease Premises is less than the Present Sublease Premises, Base Rent shall be reduced proportionately.

  • BB&T shall apply any rentals under a New Sublease first to recover any Administrative Costs.

  • The New Sublease commenced in June 2017 and would have expired on October 31, 2019.

  • Nothing in this Section 9.3(a) shall impair City’s right to terminate this Sublease as a result of an Event of Default or by reason of City’s other rights to terminate this Sublease as set forth in this Sublease, subject to the Permitted Lender’s notice and cure rights pursuant to Section 9.3(b) below, if applicable, and the New Sublease rights pursuant to Section 9.3(b)(iv) below, if applicable.


More Definitions of New Sublease

New Sublease means a sublease agreement respecting the Property between Buyer and Seller in the form of Exhibit B.
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New Sublease is defined in Section 5.1(a).
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New Sublease has the meaning ascribed to it in Section 22.1 hereof;
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New Sublease shall have the meaning provided in Section 11.12.2.
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Related to New Sublease

  • New Lease Any lease of REO Property entered into on behalf of the Trust, including any lease renewed or extended on behalf of the Trust if the Trust has the right to renegotiate the terms of such lease.

  • Lease Supplement means a Lease Supplement, substantially in the form of Schedule 2 hereto, to be entered into between Lessor and Lessee on the Delivery Date for the purpose of leasing the Aircraft under and pursuant to the terms of this Agreement, and any subsequent Lease Supplement entered into in accordance with the terms of this Agreement.

  • Sublease means a lease of goods the right to possession and use of which was acquired by the lessor as a lessee under an existing lease.

  • Sublease Agreement shall have the meaning specified in Section 8.2(b).

  • Existing Lease shall have the meaning assigned thereto in Section 10.7.

  • Original Lease shall have the meaning given such term in the recitals to this Agreement.

  • Off-premises sign means a sign directing attention to a use, product, commodity or service not related to the premises upon which the sign is located.

  • Third Amendment means that certain Third Amendment to Amended and Restated Credit Agreement dated as of the Third Amendment Effective Date, among the Borrower, the Guarantors party thereto, the Administrative Agent and the Lenders party thereto.

  • Second Amendment means that certain second amendment and amendment and restatement agreement to the Original Credit Agreement dated as of October 27, 2021 among the Parent Borrower, the Guarantors party thereto, the Administrative Agent and each Lender party thereto.

  • Space Lease The space or occupancy lease pursuant to which any Borrower holds a leasehold interest in the related Mortgaged Property, together with any estoppels or other agreements executed and delivered by the lessor in favor of the lender under the related Mortgage Loan(s).

  • On-premises sign means a sign advertising activities conducted or maintained on the property on which it is located. The boundary of the property shall be as determined by tax rolls, deed registrations, and apparent land use delineations. If a sign consists principally of brand name or trade name advertising and the product or service advertised is only incidental to the principal activity conducted or maintained on the property, or if the sign brings rental income to the property owner or sign owner, it shall be considered the business of outdoor advertising and not an on-premises sign. On-premises sign does not include a sign on a narrow strip of land contiguous to the advertised activity, or a sign on an easement on adjacent property, when the purpose is clearly to circumvent the intent of this act.

  • Permitted Sublease means a sublease permitted under Section 7.2.7 of the Lease.

  • Fifth Amendment means that certain Fifth Amendment to Credit Agreement, dated as of August 12, 2016, between the Borrower, the Administrative Agent and the Lenders Party thereto.

  • Sub-Lease means the sub-lease entered into following the approval of an Approved Sub-lease;

  • Existing Building means a building that (a) was in existence and completely constructed on the date that the Applicant first submitted its Application, or (b) in respect of which the IESO has, in its sole and absolute discretion, issued a written confirmation that the building will be deemed an Existing Building for the purposes of the definition of Rooftop Facility.

  • Sixth Amendment means the Sixth Amendment to Credit Agreement dated as of March 7, 2011 among the Borrower, the Lenders party thereto and the Administrative Agent.

  • Permitted Sublessee means the sublessee under a Permitted Sublease.

  • First Amendment means that certain First Amendment to Credit Agreement, dated as of September 19, 2016, among the Borrower, the Administrative Agent and the Lenders party thereto.

  • Eleventh Amendment means that certain Eleventh Amendment to Credit Agreement, dated as of April 29, 2022, among Holdings, the Borrower, the other Credit Parties party thereto, the Administrative Agent, the Collateral Agent, the Lenders party thereto, the Revolving Letter of Credit Issuers and the various other parties party thereto.

  • Master Lease means that certain [Master Lease title], relating to the leasing of, inter alia, the Healthcare Facility by Borrower to Master Tenant.

  • this Tenant Work Letter means the relevant portion of Sections 1 through 6 of this Tenant Work Letter.

  • Sublessee means any party to whom Lessee grants the right to possess all or any portion of the Premises according to a Sublease.

  • Subtenant means any Person entitled to occupy, use, or possess any Premises under a Sublease.

  • Tenth Amendment means that certain Tenth Amendment to Credit Agreement, dated as of November 15, 2019, among Holdings, the Borrower, the other Credit Parties party thereto, the Administrative Agent, the Collateral Agent and the Lenders party thereto.

  • Occupancy Agreement means a written agreement entered into between an assisted living program and a tenant that clearly describes the rights and responsibilities of the assisted living program and a tenant, and other information required by rule. “Occupancy agreement” may include a separate signed lease and signed service agreement.

  • Landlord Waiver means a letter in form and substance reasonably acceptable to the Administrative Agent and executed by a landlord in respect of Inventory of a Loan Party located at any leased premises of a Loan Party pursuant to which such landlord, among other things, waives or subordinates on terms and conditions reasonably acceptable to the Administrative Agent any Lien such landlord may have in respect of such Inventory.