Underlying Lease definition

Underlying Lease means any ground lease, overriding lease or underlying lease of the Land and/or the Building, or of the portion of the Building of which the Premises are a part, now or hereafter existing, and “Underlying Lessor” shall mean any lessor under an Underlying Lease.

Underlying Lease as defined in subsection 5.8.

Underlying Lease means the land or building lease where an Outlet is located.

Examples of Underlying Lease in a sentence

• Lessee hereby agrees to comply with the applicable terms and conditions of any Underlying Lease, which terms are hereby incorporated herein by reference.

• This Sublease may not be amended, modified or terminated, in whole or in part, nor may any of the provisions be waived, except by a written instrument executed by the party against whom enforcement of such amendment, modification, termination or waiver is sought and unless the same is permitted under the provisions of the Underlying Lease.

• Tenant agrees to give written notice of any default by Landlord to the holder of any prior Encumbrance or Underlying Lease.

• Sublessor shall cooperate with Sublessee, at no cost to Sublessor, in seeking to obtain the performance of Underlying Landlord under the Underlying Lease.

• Borrower will not accept or permit any assignment to any Obligor of the leasehold interest under any of the Underlying Lease Agreements without the express prior written consent of Agent.

More Definitions of Underlying Lease

Underlying Lease or “Underlying Leases” has the meaning set forth in Schedule 3.3(a).

Underlying Lease means any present or future ground or overriding or underlying lease and/or grant affecting the Land, the Building and/or the Demised Premises, as the same may from time to time be amended, modified, renewed, extended and/or replaced.

Underlying Lease means the lease to Agency dated as of December 1, 2020 by and between the Real Estate Owner, as landlord, and the Agency, as tenant, pursuant to which the Real Estate Owner has conveyed a leasehold interest in the Premises to the Agency, as said lease to agency may be amended or supplemented from time to time, the form of which is attached to this Lease Agreement.

Underlying Lease means the Underlying Lease Agreement dated as of 1, 20 between RDA and the IFA as from time to time amended or supplemented in accordance with its terms.

Underlying Lease as defined in Section 4.8.

Underlying Lease means any underlying agreement between FLAG Atlantic (or any Affiliate of FLAG Atlantic) and the owner, lessor or licensor of the property in which a POP is located.

Underlying Lease with respect to any Mortgaged Leased Property, the lease agreement under which an interest in such leased property is held, as the same may be amended, supplemented, waived or otherwise modified from time to time.