Third Party Tenant definition
Examples of Third Party Tenant in a sentence
Landlord and Tenant hereby acknowledge and agree that Landlord may enter into a Master Lease with a Third Party Tenant for the operation and control of all or part of the Premises, and in such event, the Lease will automatically, without consent or further action of Tenant, be deemed a sublease between the Third Party Tenant, as sub-landlord, and Tenant, as subtenant.
Landlord shall have the right to grant Promotional Rights to any Third Party Tenant, provided, that, no such Promotional Rights shall be exercisable in a manner that would reasonably be expected to have a material adverse impact on Tenant, Landlord or any other Third Party Tenant.
Notwithstanding anything contained herein to the contrary, all references in the Lease and this Amendment to the "Premises" shall hereinafter include the Existing Premises, the Additional Premises and commencing on the Delivery Date and thereafter throughout the Term, the Third Party Tenant Space.
Landlord represents and warrants to Tenant that the unrelated third party tenant previously leasing a portion of the Existing Premises (the "Third Party Tenant Space") has vacated same and said lease terminated on August 15, 1999.
Tenant further acknowledges and agrees that (a) Landlord has no obligation (but Landlord may, in its sole and absolute discretion, elect) to construct any improvements to separate the Premises from the Omniox Premises in connection with its lease of the Omniox Premises to a Third Party Tenant, and (b) such Third Party Tenant will have the physical ability to access the Premises during the Term.