Sublessee definition
Examples of Sublessee in a sentence
Any Sub-lessee shall be required to meet these same insurance requirements.
Authorized Sublessee must maintain the Project in a good state of repair and in compliance with this Lease, the Sublease, and any other agreements regarding the Project to which the Primary Tenant or Authorized Sublessee are parties.
In no event, however, will the Lessor approve an Assignment or Sublease unless the Lessor has determined that the proposed assignee or Sublessee is financially and managerially capable of carrying out the terms of this Lease.
If Sublessee receives a non-renewal or cancellation notice from an insurance carrier affording coverage required herein, or receives notice that coverage no longer complies with the insurance requirements herein, Sublessee agrees to notify the City by fax within five (5) business days with a copy of the non-renewal or cancellation notice, or written specifics as to which coverage is no longer in compliance.
This Waiver of Subrogation requirement shall not apply to any policy which includes a condition that specifically prohibits such an endorsement, or voids coverage should the Sublessee enter into such an agreement on a pre-loss basis.