Examples of Ground Sublessee in a sentence
Except as expressly permitted pursuant to the Participation Agreement, the Facility Lease, or any other Operative Document, the Ground Sublessee shall not have the right to encumber, mortgage, pledge or hypothecate its interest in this Facility Site Sublease or the Ground Interest or to grant an assignment of the rents, issues and profits from the Ground Interest.
Any such inspection will not unreasonably interfere with the operation or maintenance of the Facility, or the conduct by the Ground Sublessee of its business and will be in accordance with the Ground Sublessee's and the Operator's safety and insurance programs.
Each of the Ground Lessee and the Ground Sublessee waives any rights it may have under the laws of the State of Montana or otherwise to any Lien upon, or right of attachment (other than a leasehold interest in) with respect to the Undivided Interest or any part thereof.
The Ground Sublessor and the Ground Sublessee understand and agree that (a) fee title to Ground Interest remains vested in the Ground Lessor, and (b) this sublease of Ground Interest is subject to the Permitted Encumbrances.
Except as otherwise provided herein, the Ground Sublessee shall undertake and perform, for the benefit of the Ground Sublessor, all duties and obligations of the Ground Sublessor under the Facility Site Lease and shall not take any action, or fail to take any action, which action or failure would constitute or result in an event of default under the Facility Site Lease.