Operating Sublease definition
Examples of Operating Sublease in a sentence
Subtenant desires to be assured of the continued use and occupancy of the Subleased Premises under the terms of the Sublease if the terms of the Master Lease and the Operating Sublease are terminated or expire prior to the last day of the term of the Sublease.
Subtenant desires to be assured of the continued use and occupancy of the Subleased Premises under the terms of the Sublease if the term of the Operating Sublease is terminated or expires prior to the last day of the term of the Sublease.
In performing the obligations set forth in this Section, Tenant shall be permitted to cause the Operating Subtenant that occupies the portion of the Premises covered by the applicable Operating Sublease to perform the obligations of Tenant on behalf of Tenant.
Lessee shall promptly provide Lessor with a copy of each Operating Sublease.
Borrower represents and warrants that the Store Capital Lease and the Operating Sublease delivered to the Lender prior to the date hereof are all the documents that govern the interest of Borrower and its affiliates in the Property and Improvements.
The form of Operating Sublease in Exhibit G-2 of the Agreement is hereby replaced and substituted in its entirety by the form of Operating Sublease attached hereto as Exhibit J.
Following the occurrence of an AESOP I Operating Lease Event of Default, a Limited Liquidation Event of Default, a Liquidation Event of Default, an AESOP I Operating Sublease Event of Default or a Manufacturer Event of Default, and upon the Sublessor's request, each Sublessee shall advise the Sublessor in writing where all Vehicles subleased hereunder as of such date are principally located.
Borrowers will not suffer or permit any breach or material default to occur in any of Borrowers’ obligations under any of the Leases nor suffer or permit the same to terminate by reason of any failure of Borrowers to meet any requirement of any Lease, which default or failure results in a Material Adverse Change, including, without limitation, under the Sumter Place Operating Sublease.
Notwithstanding the foregoing, Landlord shall be deemed to have consented to the Operating Sublease, a copy of which is attached hereto as Exhibit F.
That certain Operating Sublease dated June 1, 1964, between Precision Dynamics Corporation, as lessor, and Graybar Building Company, as lessee, recorded in Liber 5293, cp 35, as modified, extended and supplemented and assigned by numerous instruments, the last of which assigns the lessee's interest thereunder to SLG Graybar LLC by instrument dated the date hereof.