Binding Effect of Master Lease Sample Clauses

Binding Effect of Master Lease. Subtenant agrees, for the benefit of Sublandlord and Master Landlord, to abide by and perform all of the terms and provisions set forth in the Master Lease pertaining to the Sublease Premises, except as otherwise expressly provided by this Sublease. Subtenant shall neither commit nor permit to be committed on the Sublease Premises any act or omission that in any way violates any term or condition of the Master Lease.
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Binding Effect of Master Lease. A. Sublandlord represents and warrants that as of the date hereof there is no Event of Default under the Master Lease and as of the Sublease Commencement Date there will be no Event of Default under the Master Lease. The provisions of the Master Lease are hereby incorporated herein by this reference. Except as set forth in this Sublease, Subtenant shall be bound by, and hereby agrees to abide by and perform, all of the terms conditions, covenants and agreements to which Sublandlord is bound in its capacity as tenant under and pursuant to the provisions of the Master Lease. In that connection, except as set forth herein, Subtenant covenants and agrees, commencing as of the Sublease Commencement Date, to perform the undertakings of Sublandlord (as tenant) under the Master Lease, and to refrain from taking any action or suffering any condition to exist which constitutes a violation of the Master Lease. All rights and benefits accruing to Sublandlord in its capacity as tenant under the Master Lease shall extend to Subtenant. In such connection, if circumstances exist under which Sublandlord is entitled to an abatement of Annual Base Rent or other payment obligation in its capacity as the tenant under the Master Lease, then such circumstances shall also result in Subtenant's becoming entitled to an abatement of Base Rent and other payment obligation provided for under this Sublease (such as, for example, abatement of rent arising by reason of an interruption in services or a casualty) . If Subtenant does become entitled to an abatement of Base Rent or other payment obligation under the provisions of the preceding sentence, the amount of such abatement shall be governed by amounts due under this Sublease, not amounts due from Sublandlord under the provisions of the Master Lease. Sublandlord will not exercise any right to terminate the Master Lease, either by reason of a Landlord default, a casualty or otherwise, except with Subtenant's agreement.

Related to Binding Effect of Master Lease

  • Binding Effect of Agreement This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective heirs, successors, assigns and legal representatives.

  • Binding Effect of Decisions The decision or action of the Plan Administrator with respect to any question arising out of or in connection with the administration, interpretation and application of the Agreement and the rules and regulations promulgated hereunder shall be final and conclusive and binding upon all persons having any interest in the Agreement.

  • Binding Effect of this Agreement By receiving and accepting a Note, each Holder, Financial Intermediary and Beneficial Owner of such Note unconditionally agrees, without any signature or further manifestation of assent, to be bound by the terms and conditions of this Agreement, as supplemented, modified or amended pursuant to its terms. This Agreement shall be binding upon and inure to the benefit of any successor to Xxxxxxx Mac.

  • Binding Effect; Governing Law This Amendment Number Twelve shall be binding and inure to the benefit of the parties hereto and their respective successors and permitted assigns. THIS AMENDMENT NUMBER TWELVE SHALL BE CONSTRUED IN ACCORDANCE WITH, AND GOVERNED BY, THE LAWS OF THE STATE OF NEW YORK, WITHOUT GIVING EFFECT TO THE CONFLICT OF LAWS PRINCIPLES THEREOF (EXCEPT FOR SECTION 5-1401 OF THE NEW YORK GENERAL OBLIGATIONS LAW WHICH SHALL GOVERN).

  • Binding Effect of Documents This Agreement has been duly authorized, executed and delivered to Agent and Lenders by each Borrower, is enforceable in accordance with its terms and is in full force and effect.

  • Governing Law; Binding Effect This First Supplemental Indenture shall be governed by and construed in accordance with the laws of the State of New York and shall be binding upon the parties hereto and their respective successors and assigns.

  • Binding Effect; Survival This Agreement shall be binding upon and inure to the benefit of any successors to the Company and all persons lawfully claiming under the Employee. The provisions of Section 5 shall survive the lapse of the Forfeiture Restrictions without forfeiture.

  • Validity and Binding Effect of Agreements This Agreement and the Representative’s Warrant Agreement have been duly and validly authorized by the Company, and, when executed and delivered, will constitute, the valid and binding agreements of the Company, enforceable against the Company in accordance with their respective terms, except: (i) as such enforceability may be limited by bankruptcy, insolvency, reorganization or similar laws affecting creditors’ rights generally; (ii) as enforceability of any indemnification or contribution provision may be limited under the federal and state securities laws; and (iii) that the remedy of specific performance and injunctive and other forms of equitable relief may be subject to the equitable defenses and to the discretion of the court before which any proceeding therefor may be brought.

  • Continuing Effect of Agreement Except as amended by this Amendment, all provisions of the Agreement shall remain unchanged and in full force and effect. From and after the date of this Amendment, whenever the term "Agreement" appears in the Agreement, it shall mean the Agreement as amended by this Amendment.

  • Binding Effect; Assignability This Agreement shall be binding upon and inure to the benefit of the Buyer and the Seller and their respective successors and permitted assigns. The Seller may not assign any of its rights hereunder or any interest herein without the prior written consent of the Buyer, except as provided in Section 3.11 or as otherwise herein specifically provided. This Agreement shall create and constitute the continuing obligations of the parties hereto in accordance with its terms, and shall remain in full force and effect until such time as the parties hereto shall agree.

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