Common use of Prime Clause in Contracts

Prime. Landlord warrants and represents as follows: a. that it is the owner of the Property; b. that the Prime Lease is unmodified and is in full force and effect; and c. that the term of the Prime Lease expires on _________________ and that Landlord is not in default under the Prime Lease nor has any event occurred which would after notice to Landlord and the passage of time become a default of Landlord under the Prime Lease.

Appears in 10 contracts

Sources: Sublease Agreement (Adcare Health Systems, Inc), Sublease Agreement (Adcare Health Systems, Inc), Sublease Agreement (Adcare Health Systems, Inc)