Examples of Primary Leases in a sentence
Landlord represents and warrants that, as of the Effective Date, there are no Mortgages or Primary Leases encumbering the Building.
The Primary Leases have been properly maintained in force and effect to the present time and all production proceeds payable under any of the Primary Leases have been timely and properly paid.
Except as set forth in the Region 1 Agreement dated as of the date hereof between Sprint and Operator, Sprint will be responsible for the payment of all fees, royalties, expenses and other costs arising under the Primary Leases and shall indemnify and hold Operator harmless from the payment of any such amounts.
No later than January 31 of each year, Operator will deliver to Sprint a report certifying that, except as set forth therein, Operator is in compliance with this Agreement and all Primary Leases, including all construction obligations.
Commencing with the Initial Closing Date and each applicable Market Closing Date, Operator will be responsible for the payment of all reimbursements and other amounts owed to the Third Party Licensees under the Primary Leases attributable to each Closed Market, including any reimbursable regulatory fees incurred by a Third Party Licensee (the "Primary Lease Reimbursements").