Restaurant Sublease Clause Samples
POPULAR SAMPLE Copied 10 times
Restaurant Sublease. Lessee shall, at Lessee’s sole cost and expense, observe and perform all of the Lessor’s obligations as Landlord under that certain Restaurant Lease dated November 8, 2004, as amended, with Calmaui, Inc., as Tenant (the “Restaurant Lease”). During the term of this Lease, Lessee shall be entitled to all rents and other periodic charges payable by Tenant under the Restaurant Lease which shall be prorated for the periods prior to the Commencement Date and as of the Termination Date based on the actual number of days in the respective months when such dates occur and the actual number of days elapsed. Lessee shall have no right to amend the Restaurant Lease without the prior written consent of Lessor, which consent may be withheld by Lessor in its sole discretion.
Restaurant Sublease. (1) any default or "Event of Default" by Bayshore Restaurant under the Restaurant Sublease that remains uncured after any applicable grace or cure period contained within the Restaurant Sublease; (2) Lender's receipt of any notice from the landlord under the Restaurant Sublease of intention to terminate the Restaurant Sublease for any reason whatsoever,~' or any termination or purported termination of the Restaurant Sublease (whether voluntarily or by operation of law) subject to the expiration of any grace or cure period specified in said notice; (3) any surrender, termination, cancellation, release, modification, change, supplement, alteration or amendment whatsoever to the Restaurant Sublease without Lender's prior written consent, which Lender may grant or withhold in its reasonable discretion; or (4) any election by the landlord under the Restaurant Sublease (or its trustee in bankruptcy) to reject the Restaurant Sublease pursuant to section 365(h) of the Federal Bankruptcy Code of I 978 (or any successor provision) or under any similar law or right of any nature.
Restaurant Sublease. Borrowers represent and warrant to Lender as follows with respect to the Restaurant Sublease:
(1) the Restaurant Sublease is current and in good standing and full force and effect, and has not been amended or modified; and
(2) to the best knowledge of Borrowers', there exist no defaults or "Events of Default," or events, conditions or circumstances that with the passage of time or the giving of notice or both would constitute a default or "Event of Default," under the Restaurant Sublease.