Common use of Headlease Clause in Contracts

Headlease. (a) Except as disclosed in the Property Report relating to a Property: (i) nothing has occurred which would entitle a person to terminate, repudiate or rescind, or give a notice of termination of, a Headlease; (ii) it is not aware of any material breach or material non-compliance under any Headlease; and (iii) there has been no variation to, or waiver, release, assignment, assignation, novation or transfer of, a Headlease since the date of its execution.

Appears in 2 contracts

Sources: Facility Agreement (NorthStar Healthcare Income, Inc.), Facility Agreement (Northstar Realty Finance Corp.)