Substitute Lessor definition

Substitute Lessor means the Lender, or any other party nominated by Xxxxxx and approved by the Judicial Council in accordance with Section 13.3 of the Lease, which party shall be substituted for the Licensee under the Lease.
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Substitute Lessor. MEANS THE LENDER, OR ANY OTHER PARTY NOMINATED BY XXXXXX AND APPROVED BY THE JUDICIAL COUNCIL IN ACCORDANCE WITH SECTION 14.4 OF THE LEASE, WHICH PARTY SHALL BE SUBSTITUTED FOR THE LICENSEE UNDER THE LEASE. 9
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Examples of Substitute Lessor in a sentence

  • If the Judicial Council determines in its sole reasonable judgment that those standards are satisfied, the Judicial Council shall approve such proposed Substitute Lessor or designee for the remaining Term and on the same terms and conditions contained in this Lease.

Related to Substitute Lessor

  • Substitute LOCKHEED XXXXXX Procurement Representative" for "Contracting Officer", "Administrative Contracting Officer", and "ACO" throughout this clause.