Tenant Obligations definition
Examples of Tenant Obligations in a sentence
If all or any portion of the Tenant Obligations under the Lease are paid or performed by Tenant, the obligations of Guarantor hereunder shall continue and remain in full force and effect in the event that all or any part of such payment(s) or performance(s) is avoided or recovered directly or indirectly from Landlord as a preference, fraudulent transfer or otherwise.
Guarantor subordinates any liability or indebtedness of Tenant held by Guarantor to the Tenant Obligations.
Subject to the paragraph entitled "Initial Tenant Obligations" after the preamble of this Lease, all exterior Tenant signage and the sign designer and fabricator shall be subject to the review and approval of Landlord, in accordance with the procedures set forth in Exhibit C and the Tenant's Manual.
Rather, the Landlord is entitled to seek the enforcement of all Tenant Obligations including, but not limited to, the payment of Rent as well as the performance of all other obligations and duties agreed to by the Tenant under the Lease, solely and directly upon the Guarantor.
Notwithstanding any payment made by Guarantor hereunder, Guarantor shall not be entitled to be subrogated to any of the rights of Landlord against Tenant, nor shall Guarantor seek or be entitled to seek any contribution or reimbursement from Tenant in respect of payments made by Guarantor hereunder, until all of the Tenant Obligations shall have been paid and performed in full.
Landlord shall have the right to proceed against Guarantor under this Guaranty immediately upon the occurrence of Tenant Default, without first pursuing any remedies Landlord may have against Tenant or any other guarantor of Tenant Obligations and without first obtaining a judgment against Tenant or any other guarantor of Tenant Obligations.
Guarantor hereby waives (a) any and all notice of the creation, renewal, extension or accrual of any of the Tenant Obligations, (b) notice of, or proof of reliance by Landlord upon, the guarantee contained in this Guaranty or acceptance of this Guaranty, (c) diligence, presentment, protest, demand for payment and notice of default or nonpayment, and (d) all other notices of every kind.
As such, a lawsuit or any other remedy as provided by law may be brought or pursued by the Landlord and maintained directly and solely against the Guarantor in order to enforce all Tenant Obligations without the necessity of joining the Tenant in such lawsuit.
In addition to the Tenant Obligations set forth in Section 9.3, Tenant may upon written notice to Landlord assume specific items included in Landlord’s repair and maintenance obligations as Tenant Obligations, subject to Landlord’s prior written consent, which consent shall not be unreasonably withheld or conditioned.
Subject to the Guaranty Expiration Date set forth in Section 1, Guarantor’s liability under this Guaranty shall continue until all rents due under the Lease have been paid in full in cash and until all of the other Tenant Obligations to Landlord have been satisfied, and shall not be reduced by virtue of any payment by Tenant of any amount due under the Lease.