Permitted Subtenant definition

Permitted Subtenant means any subtenant of the Tenant that, pursuant to a sublease approved by Landlord pursuant to Article 14 above (or which did not require Landlord’s consent pursuant to Section 14.8, above), (i) occupies a portion of the Premises no less than 75,000 rentable square feet, and (ii) subleases such portion of the Premises for a term of no less than a two (2) years.
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Permitted Subtenant means (a) Brookdale Living Communities of Illinois, Inc., a Delaware corporation, with respect to the Leased Property located in Chicago, Illinois; (b) Brookdale Living Communities of New York, Inc., a Delaware corporation, with respect to the Leased Property located in Brighton, New York; and (c) Brookdale Living Communities of Arizona, Inc., a Delaware corporation, with respect to the Leased Property located in East Mesa, Arizona.
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Permitted Subtenant and collectively with Permitted Assignee, a “Permitted Transferee”) then Occupies the entire Premises. In addition, notwithstanding anything to the contrary in this Schedule: (i) Tenant’s rights and Landlord’s obligations under this Schedule shall not be applicable at any time during which (A) there is a then-existing uncured Event of Default by Tenant under this Lease or (B) there has been a Chronic Default by Tenant under the Lease, and (ii) at the election of Landlord (in its sole and absolute discretion), if as of the date that Tenant’s lease of any Leased First Right Space would otherwise commence (A) there is a then-existing uncured Event of Default by Tenant under this Lease or (B) there has been a Chronic Default by Tenant under the Lease, then Landlord may cancel Tenant’s lease of the applicable Leased First Right Space by delivery of written notice thereof to Tenant.
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Examples of Permitted Subtenant in a sentence

  • Notwithstanding the foregoing, Tenant shall have the right to sublet any portion of the Premises, upon twenty (20) days prior written notice to Landlord, but without obtaining Landlord’s prior written consent, to a Permitted Subtenant subject to the conditions precedent in Section 25.9.

  • Tenant shall not permit to exist or enter into any agreement or arrangement whereby it or any Permitted Subtenant engages in a transaction of any kind with any Affiliated Person as to Tenant or any Guarantor, except on terms and conditions which are not less favorable to Tenant or the Permitted Subtenant than those on which similar transactions between unaffiliated parties could fairly be expected to be entered into on an arms-length basis.

  • Tenant shall give prompt Notice to Landlord of any litigation or any administrative proceeding to which it, any Guarantor or any of the Permitted Subtenants may hereafter become a party which involves a potential liability equal to or greater than Two Hundred Fifty Thousand Dollars ($250,000) or which may otherwise result in any material adverse change in the business, operations, property, prospects, results of operation or condition, financial or other, of Tenant, such Guarantor or Permitted Subtenant.

  • No use or occupancy of any portion of the Premises by a Permitted Subtenant shall release or excuse Tenant from any obligation hereunder or create a landlord/tenant relationship between Landlord and such Permitted Subtenant.

  • In the U.S., a Jew was violently attacked in midtown Manhattan26 and two Jews were attacked at a restaurant in Los Angeles27 by several attackers carrying Palestinian flags and calling "Death to the Jews" and "Free Palestine".

  • Landlord shall not be required to provide notices to any Permitted Subtenant.

  • Eligibility - All stockholders must meet certain financial and other criteria set by the Cooperative’s Board of Directors or, with the approval of the Manager, must have designated another person who meets these eligibility criteria to reside in the unit (a Permitted Subtenant).

  • The foregoing consent by Landlord shall not be construed as a waiver of Landlord's right to consent to any further subletting either by Tenant or by the any of the Permitted Subtenants or to any assignment by Tenant of the Lease or assignment by a Permitted Subtenant.

  • Also, the Contractor shall ensure the CS MTP includes verification of Cross Domain Solution (CDS) in the CS MTP.

  • Any sublease entered into by Tenant with a Permitted Subtenant in accordance with this Section 14.8 shall be referred to herein as a "PERMITTED SUBLEASE".


More Definitions of Permitted Subtenant

Permitted Subtenant means a person who is occupying all or a portion of the Premises pursuant to a sublease consented to by Landlord pursuant to Section 9.05 above, or pursuant to a Related Entity Sublease; the portion of the Premises being so sublet to a Permitted Subtenant is herein referred to as the “Permitted Sublet Space”; and the sublease pursuant to which a Permitted Subtenant is subletting its Permitted Sublet Space is herein referred to as a “Permitted Sublease.” To the extent Tenant desires, a Permitted Subtenant shall have all of the rights to assign its Permitted Sublease, as Tenant has to assign this Sublease, and all of the rights to sub-sublet all or a portion of its Permitted Sublet Space, as Tenant has to sublet the Premises, as if this Article were incorporated into the Permitted Sublease, in all cases in accordance with, and subject to the provisions of this Section, including subsection (b)(i) below, and in all cases subject to the Existing Superior Lease. In no event, however, shall a sub-subtenant of a Permitted Subtenant assign, mortgage or encumber its sub-sublease or any of its rights or estates thereunder, or further sub-sublet all or any portion of its sub-sublet space, or otherwise suffer or permit its sub-sublet space, or any part thereof, to be used or occupied by others, unless it has complied with the provisions of this Section 9.16. In addition, in no event shall a Permitted Subtenant have any more or greater rights to assign its Permitted Sublease or to sub-sublet its Permitted Sublet Space than Tenant has to assign this Sublease or to sublet the Premises.
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Permitted Subtenant means any subtenant of a portion of the Premises that becomes a subtenant under this Lease pursuant to a Permitted Transfer under this Section 12.7.
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Related to Permitted Subtenant

  • Lessee means a person who acquires the right to possession and use of goods under a lease. Unless the context clearly indicates otherwise, the term includes a sublessee.

  • 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.

  • Occupant means any person or persons over the age of eighteen years in possession of the property.

  • Tenant means a person entitled under a rental agreement to occupy a dwelling unit to the exclusion of others.

  • Operating Lease means, as applied to any Person, any lease (including, without limitation, leases which may be terminated by the lessee at any time) of any property (whether real, personal or mixed) which is not a Capital Lease other than any such lease in which that Person is the lessor.

  • Leased Property shall have the meaning given such term in Section 2.1.

  • Lease means any and all leases, subleases, licenses or other occupancy agreements, sale/leaseback arrangements or similar arrangements.

  • Landlord means the owner, lessor or sublessor of the dwelling unit or the building of which such